股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 呈交日期: 2026年4月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03339 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | 本月底法定/註冊股本總額： HKD 2,000,000,000 FF301 第 1 頁 共 10 頁 v 1.2.1 截至 ...

Core Insights - The company achieved a significant increase in net profit and continuous improvement in profitability, with a net profit of 1.3 billion yuan in 2025, representing a year-on-year growth of 27.7% [1] - The company plans to distribute a dividend of 0.20 HKD per share, with a payout ratio of 58% and a dividend yield of approximately 6.5% [1] Revenue Growth - The company's revenue from wheel loaders reached 4.6 billion yuan, a year-on-year increase of 16.9%, serving as the core driver of revenue growth [1] - Excavator sales performed exceptionally well, generating 1.69 billion yuan in revenue, a year-on-year increase of 60.1%, driven by equipment upgrades and infrastructure investment policies [1] - Forklift revenue declined by 7.0% to 3.46 billion yuan, but the gross margin increased to 21.3%, with future recovery expected as the company accelerates electric forklift development and overseas expansion [1] Global Expansion Strategy - The company achieved overseas revenue of 3.81 billion yuan, a year-on-year growth of 19.3%, with overseas revenue accounting for 33.9% of total revenue, an increase of 2.7 percentage points year-on-year [1] - The company is expected to benefit from increased demand for construction and mining machinery in Southeast Asia, Africa, and South America, as well as improved penetration in high-end markets in Europe and the U.S. [1] Electric Loader Market - In the first two months of 2026, China's electric loader industry saw sales of 5,132 units, a year-on-year increase of 112.7%, with an electricization rate of 24.1%, up 9.6 percentage points year-on-year [2] - The government report emphasizes the need to accelerate the elimination of outdated capacity and support the innovation and application of green low-carbon technology equipment [2] - The company has strategically positioned itself in the electric loader market and is expected to benefit significantly as the penetration rate of electric loaders continues to rise [2] Profit Forecast - The company's net profit forecasts for 2026 and 2027 have been raised by 15.2% and 16.1% to 1.58 billion yuan and 1.83 billion yuan, respectively, with a new forecast for 2028 set at 2.07 billion yuan [2] - Corresponding EPS estimates are projected at 0.37, 0.43, and 0.48 yuan for 2026, 2027, and 2028, respectively [2]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected investment return exceeding the market benchmark by over 15% in the next 6-12 months [5]. Core Insights - The company achieved a significant increase in net profit, with a 27.7% year-on-year growth, reaching a net profit of 1.3 billion yuan in 2025. The revenue also grew by 9.8% to 11.22 billion yuan, with an EPS of 0.30 yuan [1]. - The gross margin improved to 21.4%, up by 1.8 percentage points, while the net margin rose to 11.6%, an increase of 1.6 percentage points [1]. - The company plans to distribute a dividend of 0.20 HKD per share, resulting in a dividend payout ratio of 58% and a dividend yield of approximately 6.5% [1]. Revenue Breakdown - The revenue from wheel loaders increased by 16.9% to 4.6 billion yuan, serving as a core driver for revenue growth. Excavator sales surged by 60.1% to 1.69 billion yuan, driven by equipment upgrades and infrastructure investments [2]. - Forklift revenue declined by 7.0% to 3.46 billion yuan, but the gross margin improved to 21.3%. The company aims to enhance its electric forklift penetration, which is currently below the industry average, indicating potential for future recovery [2]. Global Expansion Strategy - The company reported overseas revenue of 3.81 billion yuan, a 19.3% increase, with overseas revenue accounting for 33.9% of total revenue, up by 2.7 percentage points year-on-year [3]. - The report highlights opportunities in Southeast Asia, Africa, and South America for construction machinery exports, as well as increased penetration in high-end markets in Europe and the US [3]. Electric Loader Market - The electric loader market is experiencing rapid growth, with sales increasing by 112.7% in early 2026. The electricization rate reached 24.1%, up by 9.6 percentage points [4]. - The government is promoting the elimination of outdated capacity and supporting green technology innovations, positioning the company to benefit significantly as a leader in the electric loader sector [4]. Financial Forecasts - The company’s revenue is projected to grow to 12.76 billion yuan in 2026, with a net profit forecast of 1.58 billion yuan, reflecting a growth rate of 21.4% [6]. - The EPS is expected to increase to 0.37 yuan in 2026, with a P/E ratio projected to decline to 7.3 [6].

Group 1 - The core viewpoint of the news is that China Longgong reported a revenue of approximately 11.215 billion yuan for 2025, representing a year-on-year growth of 9.81% [1] - The net profit attributable to the parent company was about 1.3 billion yuan, showing a year-on-year increase of 27.7% [1] - The growth in revenue is primarily attributed to strong performance across multiple product lines and successful expansion into overseas markets [1] - The increase in net profit is mainly due to steady growth in domestic and international sales, with a notable contribution from export business [1] - Continuous development of new products, particularly high-value-added products, has become a key driver of profit growth [1] - The company has effectively implemented quality improvement, cost control, and efficiency enhancement measures, leading to an increase in overall product gross margin [1] Group 2 - As of the latest update, China Longgong's stock price increased by over 13%, reaching 3.01 Hong Kong dollars, with a trading volume of 22.1889 million Hong Kong dollars [2] - The stock has shown a significant rise of 15.41% over the past week [2] - The trading activity indicates strong investor interest and confidence in the company's performance [2]

消息面上，中国龙工公布2025年业绩，实现收益约112.15亿元，同比增长9.81%；母公司拥有人应占溢 利约13亿元，同比增长27.7%；末期股息每股0.20港元。收益增长主要由于多个产品线表现强劲及海外 市场拓展成功所致。净利润增加主要得益于国内国际销售稳步增长，特别是出口业务对盈利贡献进一步 显现；持续开发新产品，高附加值新产品成为盈利增长的主力；提质、控本、增效工作效果显著，产品 综合毛利率进一步提升。 智通财经APP获悉，中国龙工(03339)涨超13%，截至发稿，涨13.16%，报3.01港元，成交额2218.89万港 元。 ...

Group 1 - The core viewpoint of the announcement indicates that revenue growth is primarily driven by strong performance across multiple product lines and successful expansion into overseas markets [1] - Net profit increase is attributed to steady growth in both domestic and international sales, with a notable contribution from export business [1] - The company continues to develop new products, with high-value-added new products becoming the main driver of profit growth [1] - Significant improvements in quality, cost control, and efficiency have led to an increase in overall product gross margin [1] Group 2 - China Longgong (03339) reported a revenue of approximately 11.215 billion, representing a year-on-year growth of 9.81% [2] - The profit attributable to the parent company is approximately 1.3 billion, reflecting a year-on-year increase of 27.7% [2] - Earnings per share are reported at 0.3 yuan, with a final dividend of 0.20 Hong Kong dollars per share [2]

EF001 免責聲明 | 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 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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 中國龍工控股有限公司 | | 股份代號 | 03339 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至二零二五年十二月三十一日止年度之末期股息 | | 公告日期 | 2026年3月26日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年12月31日 | | 宣派股息 | 每 股 0.2 HKD | | 股東批准日期 | 2026年5月28日 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.2 HKD | | 匯率 | 1 HKD : 1 HK ...

Core Viewpoint - China Longgong (03339) reported a revenue of approximately 11.215 billion yuan for 2025, representing a year-on-year growth of 9.81% [1] - The net profit attributable to shareholders was around 1.3 billion yuan, an increase of 27.7% year-on-year [1] - Earnings per share stood at 0.3 yuan, with a final dividend of 0.20 HKD per share [1] Revenue Growth - The revenue growth was primarily driven by strong performance across multiple product lines and successful expansion into overseas markets [1] - The steady growth in domestic and international sales, particularly in export business, significantly contributed to profit [1] Profit Increase - The increase in net profit was largely due to the continued development of new products, with high-value-added new products becoming the main driver of profit growth [1] - Efforts in quality improvement, cost control, and efficiency enhancement have shown significant results, leading to an increase in overall product gross margin [1]

Financial Performance - The total revenue for the year ended December 31, 2025, was RMB 11,215,184, an increase of 9.8% compared to RMB 10,213,556 in 2024[4] - Gross profit for the same period was RMB 2,396,701, representing a gross margin of 21.4%, up from RMB 1,998,114 in 2024[4] - Net profit for the year was RMB 1,300,748, a significant increase of 27.6% from RMB 1,018,639 in 2024[5] - Basic and diluted earnings per share increased to RMB 0.30 from RMB 0.24, reflecting a growth of 25%[5] - The company's pre-tax profit for the year ended December 31, 2025, was RMB 1,526,690, up from RMB 1,217,182 in 2024, indicating a growth of approximately 25.4%[20][21] - Total tax expenses for the year amounted to RMB 225,942 thousand in 2025, compared to RMB 198,543 thousand in 2024, representing an increase of 13.8%[28] - The group reported a net profit of RMB 1,301 million, an increase of RMB 282 million or 27.69% compared to RMB 1,019 million in the previous year[1] Revenue Breakdown - Revenue from external customers in mainland China was RMB 7,408,845 in 2025, up from RMB 7,023,569 in 2024, reflecting a growth of approximately 5.5%[24] - The revenue from loaders was RMB 4,838,119, accounting for 43.2% of total revenue in 2025, compared to 41.2% in 2024[22] - The sales revenue from wheel loaders increased by 16.93% to RMB 4,598 million, contributing 41.00% to the total sales, up from 38.50% in the previous year[57] - The excavator segment saw a significant revenue increase of 60.11%, rising from RMB 1,055 million to approximately RMB 1,690 million, with its contribution to total revenue growing from 10.34% to 15.07%[58] - The group's overseas revenue reached RMB 3,806 million, marking a year-on-year growth of 19.32% and accounting for 33.94% of total revenue[54] Assets and Liabilities - Total assets as of December 31, 2025, amounted to RMB 15,392,487, compared to RMB 13,474,995 in 2024, showing a growth of 14.2%[7] - Current liabilities increased to RMB 5,325,264 from RMB 4,712,868, reflecting a rise of 13%[8] - The company reported a total equity of RMB 11,482,006, up from RMB 10,704,093 in 2024, indicating a growth of 7.2%[8] - The total liabilities as of December 31, 2025, were RMB 5,433,481, compared to RMB 4,770,902 in 2024, indicating an increase of approximately 13.9%[20][21] - The total asset-liability ratio as of December 31, 2025, was approximately 32.12%, compared to 30.83% the previous year, indicating a slight increase in leverage[65] Cash Flow and Liquidity - The cash and cash equivalents increased significantly to RMB 4,364,812 from RMB 1,218,049, highlighting improved liquidity[7] - Cash and bank balances increased to approximately RMB 4,365 million, up from RMB 1,218 million in the previous year, reflecting strong cash flow from operating activities[62][63] Research and Development - Research and development expenses rose to RMB 502,439, up from RMB 447,511 in 2024, indicating a focus on innovation[4] - The company plans to enhance international product R&D and resource investment in overseas markets to further increase overseas revenue and strengthen core product competitiveness in key markets[79] Operational Costs - The cost of sold inventory increased to RMB 8,617,712 thousand in 2025 from RMB 8,040,826 thousand in 2024, indicating rising operational costs[27] - Trade payables and notes payable increased to RMB 4,156,705,000 in 2025 from RMB 3,744,900,000 in 2024, showing a growth in obligations[48] Credit and Receivables - Trade receivables for 2025 are projected to be RMB 3,833,735,000, up from RMB 3,040,304,000 in 2024, indicating a growth of approximately 26.1%[35] - The net value of trade receivables after impairment for 2025 is RMB 2,862,266,000, compared to RMB 2,377,319,000 in 2024, representing an increase of about 20.4%[35] - The expected credit loss for trade receivables as of December 31, 2025, is RMB 491,689,000, up from RMB 471,213,000 in 2024, showing a rise of approximately 4.5%[36] - The company has maintained a rigorous credit monitoring system to minimize credit risk, with senior management regularly reviewing overdue accounts[35] Dividends and Shareholder Information - The company plans to declare a final dividend of HKD 0.13 per ordinary share, consistent with the previous year[30] - The board proposed a final dividend of HKD 0.20 per share for the year ending December 31, 2025, subject to shareholder approval[92] Corporate Governance - The audit committee, along with management and external auditors, continuously reviewed the accounting principles and practices adopted by the group[88] - The external auditor, Ernst & Young, confirmed that the preliminary financial statements for the year ending December 31, 2025, are consistent with the audited consolidated financial statements[89] - The company has adopted the standard code for securities trading by directors as per the listing rules[87]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國龍工控股有限公司 呈交日期: 2026年3月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03339 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | 本月底法 ...