香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Zoomlion Heavy Industry Science and Technology Co., Ltd.* 中聯重科股份有限公司 （股份代號：1157） （於中華人民共和國註冊成立的股份有限公司） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而做出。 茲載列中聯重科股份有限公司於2025年12月6日在《中國證券報》、《上海證券 報》、《證券時報》、《證券日報》、深圳證券交易所網站( www.szse.cn)以及巨潮資 訊網( www.cninfo.com.cn)刊登的「關於持股5%以上股東股份質押及解除質押的公 告」文件，僅供參閱。 承董事會命 中聯重科股份有限公司 公司秘書 楊篤志 中國長沙，2025年12月5日 於本公告刊發日期，本公司執行董事為詹純新博士；非執行董事為賀柳先生及王 賢平先生；以及獨立非執行董事為張成虎先生、黃國濱先生、吳寶海先生及黃珺 女士。 ...

证券代码：000157 证券简称：中联重科 公告编号：2025-055 号 一、股东股份质押及解除质押的基本情况 （一）本次股东股份质押及解除质押的基本情况 | | 是否为控 | | | | 是否为 限售股 | 是否 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 股股东或 | 本次质押数 | 占其所 | 占公司 | （如 | 为补 | 质押 | 质押 | | 质押 | | 名称 | 第一大股 | 量（股） | 持股份 | 总股本 | 是，注 | 充质 | 起始日 | 到期日 | 质权人 | 用途 | | | 东及其一 | | 比例 | 比例 | 明限售 | 押 | | | | | | | 致行动人 | | | | | | | | | | | | | | | | 类型） | | | | | | | 和一 | | | | | | | 2025 年 12 | 办理解 | 国泰海通证券 | 偿还 | | 盛投 | 否 | 140,000,000 | 20.52% | 1.62% | 否 | 否 ...

Group 1 - Heavy machinery stocks in Hong Kong continue to rise, with Zoomlion increasing by 3.5%, marking its sixth consecutive rise [1] - Other companies such as China Railway Construction Equipment and SANY International saw gains of over 2% and 1% respectively, along with China National Heavy Duty Truck and China Longgong [1] - First Tractor Company also experienced a follow-up increase in its stock price [1]

Group 1 - Heavy machinery stocks in Hong Kong continue to rise, with Zoomlion increasing by 3.5% for six consecutive days, and other companies like China Railway Construction Equipment and Sany International also showing gains [1] - According to the China Construction Machinery Industry Association, the import and export trade volume of China's construction machinery is expected to grow by 12.8% year-on-year in the first three quarters of 2025, reaching $45.873 billion, with exports accounting for about 95% [1] - This growth rate significantly exceeds the global construction machinery market's expected decline of 2% this year, highlighting the international competitiveness of Chinese construction machinery [1] Group 2 - The global construction machinery market is projected to bottom out in 2025, with a long-term upward trend expected to begin in 2026, as 2025 is anticipated to be the worst year for overseas demand, particularly from major markets like Europe and the United States [1] - The following companies reported their latest stock prices and percentage changes: Zoomlion at $7.780 (3.46%), China Railway Construction Equipment at $0.960 (2.13%), Sany International at $7.680 (1.05%), China Longgong at $3.050 (0.99%), China National Heavy Duty Truck at $29.580 (0.96%), and First Tractor Company at $7.400 (0.54%) [2]

Group 1 - The core viewpoint of the news highlights the continued upward trend of heavy machinery stocks in the Hong Kong market, particularly with Zoomlion Heavy Industry increasing by 3.5% for six consecutive days, and other companies like China Railway Construction Equipment and SANY International also showing gains [1] - According to the China Construction Machinery Industry Association, the import and export trade volume of China's construction machinery is expected to grow by 12.8% year-on-year in the first three quarters of 2025, reaching approximately $45.873 billion, with exports accounting for about 95% [1] - This growth rate significantly exceeds the global construction machinery market's projected decline of 2% for this year, indicating the international competitiveness of Chinese construction machinery [1] Group 2 - The global construction machinery market is anticipated to bottom out in 2025, with a long-term upward trend expected to begin in 2026, as 2025 is projected to be the worst year for overseas demand, particularly from major markets like Europe and the United States [1] - Following 2026, the overseas market is expected to enter a long-term growth phase, suggesting a potential recovery for companies in the construction machinery sector [1]

"十四五"期间，长沙持续用力打造国家重要先进制造业高地，锻造高质量发展核心引擎 挺起工业硬脊梁 澎湃新质生产力 长沙晚报全媒体记者 陈星源 滔滔湘江，一路北去，以奔流不息的浪潮，滋润着两岸蓬勃生长。 12月4日，"长沙'十四五'答卷"系列主题新闻发布会打造国家重要先进制造业高地专场举行，长沙市工业和信息化局党组书记、局长郑以仁系统 介绍"十四五"期间"成绩单"。"十四五"期间，长沙工业和信息化系统深入贯彻落实党中央决策部署及省、市工作要求，锚定"三高四新"美好蓝 图，在市委、市政府的坚强领导下，将打造国家重要先进制造业高地作为核心战略，以"闯创干"的劲头，奋力推动长沙工业经济实现质的有效 提升和量的合理增长。 一份勾勒长沙发展曲线的硬核答卷跃然眼前：全国先进制造业百强市排名从第10位攀升至第5位，全国中小企业发展环境评估排名从第11位跃居 第5位； 一张彰显长沙战略地位的荣誉版图加速铺展：中小企业数字化转型试点城市、制造业新型技术改造试点城市、国家智能网联汽车"车路云一体 化"应用试点城市、北斗规模应用试点城市等一系列"国字号"使命相继落子。 从工程机械的钢铁巨臂到北斗卫星的璀璨银河，湘江之畔，一座以实体经济 ...

Core Viewpoint - The 2025 World Intelligent Manufacturing Conference opened in Nanjing, where 15 leading intelligent factories, including Zoomlion, jointly released an initiative to outline a new blueprint for intelligent manufacturing development. Zoomlion has been recognized for overcoming challenges in the heavy equipment industry and establishing a world-class collaborative intelligent factory cluster for construction machinery, representing the highest level of Chinese manufacturing [1][2]. Group 1: Intelligent Factories - The 15 leading intelligent factories span various industries, including equipment manufacturing, raw materials, electronic information, and consumer goods [2]. - In the equipment manufacturing sector, notable factories include Shanghai Aerospace Equipment Manufacturing Factory, XCMG Heavy Machinery, Weichai, and Zoomlion's excavator sharing manufacturing intelligent factory [2][3]. - Zoomlion's excavator sharing manufacturing intelligent factory boasts an AI technology application rate exceeding 80%, achieving a production cycle of just 6.5 days from steel plate cutting to complete machine delivery, with a production rhythm of one excavator every six minutes, marking the shortest core indicators in the global construction machinery sector [3]. Group 2: Industry Trends - The engineering machinery industry is showing signs of recovery, with improved sales data for excavators and loaders anticipated in 2025 [5][6]. - The industry is transitioning to "National IV" standards starting December 1, indicating regulatory changes that may impact production and sales [5]. - Domestic sales have seen a continuous decline for 13 months, while exports have surged over 70%, suggesting a potential shift in market dynamics [5].

Core Viewpoint - Zhonglian Heavy Industry's stock price has shown a positive trend, with a year-to-date increase of 21.50% and a recent uptick of 5.12% over the last five trading days, indicating strong market interest and performance in the engineering machinery sector [1]. Group 1: Stock Performance - As of December 4, Zhonglian Heavy Industry's stock price reached 8.42 CNY per share, with a market capitalization of 72.82 billion CNY [1]. - The company experienced a net inflow of main funds amounting to 33.77 million CNY, with significant buying activity from large orders [1]. - The stock has fluctuated with a 20-day decline of 2.43% but a 60-day increase of 14.87% [1]. Group 2: Financial Performance - For the period from January to September 2025, Zhonglian Heavy Industry reported a revenue of 37.156 billion CNY, reflecting a year-on-year growth of 8.06% [2]. - The net profit attributable to shareholders for the same period was 3.920 billion CNY, marking a significant increase of 24.89% year-on-year [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Zhonglian Heavy Industry was 236,400, a decrease of 9.85% from the previous period [2]. - The company has distributed a total of 28.880 billion CNY in dividends since its A-share listing, with 8.013 billion CNY distributed over the last three years [3]. - Major shareholders include China Securities Finance Corporation and Hong Kong Central Clearing Limited, with the latter increasing its holdings by approximately 19.73 million shares [3].

Market Overview - The market is anticipating a rate cut by the Federal Reserve, with expectations of a 25 basis point reduction in December due to labor market conditions and recent comments from policymakers [1] - Economic data from the US and Europe is disappointing, with the US manufacturing PMI dropping from 48.7 in October to 48.2 in November, and the Eurozone PMI falling from 50.0 to 49.6, indicating a contraction [1] - The Chinese government is expected to accelerate fiscal policies, as indicated by the Finance Minister's article in the People's Daily, which may boost related sectors such as construction materials [1] AI and Technology Sector - ByteDance's push into AI has stimulated the market, with the launch of Alibaba's Quark AI glasses, which saw a significant stock increase for supplier 康耐特 (02276) by over 10% [2] - TCL Electronics (01070) is also involved in the AI glasses market, with a projected 39% market share in China by mid-2025, and a recent product launch featuring Google AI integration [2] - 瑞声科技 (02018) is positioned as a key supplier for AI-enabled devices, with a stock increase of nearly 4% [2] Space and Satellite Industry - Elon Musk has announced a new initiative called "Galaxy Mind" to deploy solar-powered AI satellites, aiming for a significant reduction in AI computing costs compared to ground data centers [3] - 洲际航天科技 (01725) is expanding its satellite production capabilities, targeting an annual output of 700 satellites and plans for a 6,000-satellite constellation covering Africa and the Middle East [3] Gaming and Entertainment Sector - Macau's gaming revenue for November reached approximately 21.1 billion MOP, a year-on-year increase of about 14%, with strong daily revenue performance [4] - The recent policies in Fujian to support Taiwanese entrepreneurs in opening 沙县小吃 outlets are expected to boost demand for related food products, benefiting local companies like 安井食品 (02648) [4] Automotive Sector - 广汽 (02238) is experiencing a stock increase due to positive developments, including plans to produce solid-state battery vehicles by 2026 and increased collaboration with Huawei [5] - 港铁公司 (00066) is seeing strong performance driven by profitable property developments rather than its core subway operations [5] Robotics and Machinery Sector - 中联重科 (01157) has reported significant revenue growth, with a 24.89% increase in net profit, driven by the delivery of large cranes to the African market [7] - The company is expanding its presence in the mining machinery sector and has plans for new product launches in humanoid robotics, which could open new growth avenues [8] - The company has achieved a 57.36% share of its total revenue from overseas markets, indicating strong international performance [8]

Group 1 - The core viewpoint of the report is that the crane machinery sector in China is in the early stages of recovery, while the earth moving machinery sector is in a continuous upward cycle [1] - The investment bank believes that Zoomlion Heavy Industry Science and Technology Co., Ltd. (01157.HK) will benefit significantly from these trends due to its comprehensive product range, focus on emerging markets, and global capacity expansion [1] - The target price for Zoomlion's A-shares has been raised from 9.9 RMB to 12 RMB, and the target price for its H-shares has been increased from 7.4 HKD to 9.2 HKD, with a reiterated "buy" rating [1] Group 2 - The report indicates that there has been low attention from investment banks towards Zoomlion, with no ratings given in the past 90 days [1] - Zoomlion's market capitalization in the Hong Kong stock market is 11.256 billion HKD, ranking 5th in the specialized equipment industry [1] - Key performance indicators for Zoomlion compared to the industry average are as follows: ROE at 6.95% (industry average -49.28%), revenue at 457.98 billion (industry average 54.22 billion), net profit margin at 11.62% (industry average -6.39%), gross profit margin at 28.15% (industry average 24.0%), and debt ratio at 54.07% (industry average 50.59%) [1]