Mower is a kind of machine used to trim lawn, vegetation, etc. The mower is generally composed of four stroke gasoline engine (or motor), chassis, mowing blade, height adjusting system, traveling wheel, traveling mechanism, armrest, control part, etc. Its working principle is that the gasoline engine (or AC/DC motor) drives one or more mowing blades parallel to the ground to rotate and mow through the transmission mechanism in the chassis with adjustable height, Then, the wind generated by the blade wing surface or the wind blade will send the cut grass into the straw collection bag or discharge it from the grass outlet of the chassis.

Mowers can be divided into walking type, riding type and intelligent type according to the working mode. Stepping mowers account for the main share of the global mower market due to their high cost performance and ease of use. They can be divided into push mowers and self-propelled mowers. The push mowers are mainly driven by human power, while the self-propelled mowers, including gearboxes and related components, can be driven by machinery; Because of the high unit price and small lawn area of most riding mowers, they have a relatively small market share in the global mower market. However, in some economically developed countries and regions, especially in the U.S. market, the demand share of riding mowers is far higher than the global average; The mowing robot has entered the market for a short time with a small market share base, but the market demand has grown rapidly in recent years. During the reporting period, the Issuer mainly produced and sold walking mowers, and began to sell mowing robots in 2018.

According to the power source, mowers can be divided into gasoline power, AC power, lithium power, etc. The gasoline mower is powered by a gasoline engine, which is characterized by high power and good cutting performance; AC mower is powered by AC motor, which is characterized by low cost and easy use; Lithium battery powered lawn mowers are powered by DC motors and powered by rechargeable batteries. They are characterized by convenient use, high efficiency, low noise, energy conservation and environmental protection. Lithium battery powered lawn mowers generally use DC brushless motors and are developing towards high-power, long endurance, intelligent, etc. During the reporting period, the Issuer mainly produced and sold gasoline mowers, alternating current mowers and lithium battery mowers. The lawn mower is widely used in private gardens, public green spaces and professional lawns. The market demand accounts for a large proportion of the total demand for garden machinery products.

Despite the impact of the global financial crisis in 2008 and the European debt crisis in 2012, the market demand for lawn mowers declined to a certain extent, but the total demand remained at a high level, and the impact did not last. The market quickly returned to normal growth. From 2010 to 2020, the global market demand for lawn mowers increased from 6.865 billion dollars to 8.675 billion dollars, with a compound annual growth rate of 2.37%. It is estimated that the global market demand for lawn mowers will maintain a compound growth rate of 1.63%, reaching USD 10.195 billion by 2030. The global market demand and trend of mowers are as follows:

Major domestic and foreign manufacturers of gasoline mowers include Fushihua Group, MTD, TORO, Honda, GGP, Daye Co., Ltd., Sumida, etc; The main manufacturers of AC and lithium mowers at home and abroad include Bosch, BLACK&DECKER, TTI, Daye, Greebo, Quanfeng, Baoshi, Yate, Sumida, etc.