Core Viewpoint - China Longgong (03339) expects a significant increase in net profit for the fiscal year ending December 31, 2025, with projections between RMB 1.25 billion and RMB 1.33 billion, representing a year-on-year increase of 23% to 31% [1] Group 1: Financial Performance - The anticipated increase in net profit is primarily attributed to steady growth in both domestic and international sales, with a notable contribution from export business [1] - The company has successfully developed new high-value-added products, which have become the main drivers of profit growth [1] - Efforts in quality improvement, cost control, and efficiency enhancement have yielded significant results, leading to an increase in overall gross profit margin [1]

Core Viewpoint - China Longgong (03339.HK) expects a significant increase in net profit for the year ending December 31, 2025, with projections ranging from RMB 1.25 billion to RMB 1.33 billion, representing a year-on-year increase of 23% to 31% [1] Group 1 - The anticipated increase in net profit is primarily attributed to steady growth in both domestic and international sales, particularly the contribution of export business to profitability [1] - Continuous development of new products has led to high-value new products becoming the main driver of profit growth [1] - The effectiveness of quality improvement, cost control, and efficiency enhancement efforts has resulted in a further increase in overall gross profit margin [1]

Core Viewpoint - China Longgong (03339) expects a significant increase in net profit for the fiscal year ending December 31, 2025, with projections between RMB 1.25 billion and RMB 1.33 billion, representing a year-on-year increase of 23% to 31% [1] Group 1: Financial Performance - The anticipated increase in net profit is primarily attributed to steady growth in both 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 effectiveness of quality improvement, cost control, and efficiency enhancement efforts has led to a further increase in overall gross profit margin [1]

* 僅供識別 - 1 - 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佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 LONKING HOLDINGS LIMITED 中國龍工控股有限公司* （於開曼群島註冊成立的有限公司） （股份代號：3339） 正面盈利預告 本公佈乃由中國龍工控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據香港 聯合交易所有限公司證券上市規則第13.09(2)條及證券及期貨條例第XIVA部之內幕消息 條文作出。 本公司董事會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者，基於董事會對本 集團截至二零二五年十二月三十一日止年度未經審核綜合管理賬目的初步評估，相較去 年同期，本集團預期截至二零二五年十二月三十一日止年度錄得的淨利潤大幅增加。董 事會預計本報告期內的淨利潤約介乎人民幣1,250百萬元至人民幣1,330百萬之間，比去年 同期增加23%至31%。 本報告期內淨利潤增加主要是由於(i)國內國際銷售穩步增長，特別是出口業務對盈利貢 獻進一步顯現；(i ...

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: 2025年12月31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1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 ...

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佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 LONKING HOLDINGS LIMITED 中國龍工控股有限公司* （於開曼群島註冊成立的有限公司） （股份代號：3339） 與龍岩市金隆機械有限公司訂立的持續關連交易 茲提述本公司日期為二零二二年十二月三十日有關持續關連交易之公佈。 鑒於本公司與金隆訂立之總採購協議屆滿（「已屆滿總採購協議」），本公司於二零二五 年十二月三十一日（交易時段後）與金隆訂立經更新總採購協議，年期由二零二六年一 月一日至二零二八年十二月三十一日止。於本公佈日期，金隆由倪先生擁有82.67%權 益，而倪先生為本公司副主席兼非執行董事倪銀英女士的胞弟，故金隆根據上市規則 構成本公司之關連人士。 由於有關經更新總採購協議項下擬進行的交易的各項適用百分比率（溢利比率除外）預 期按年度基準高於0.1%但低於5%，故根據上市規則第14A.76(2)條，該等交易構成持 續關連交易，並因此須遵守申報、年度審閱及公佈規定，惟獲豁免遵守上市 ...

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: 2025年11月30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: 2025年12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 ...

Core Insights - The road grader industry in China is experiencing a strong recovery in 2024 after a brief decline in 2023, driven by infrastructure projects and agricultural development [2][14] - The global market is characterized by high concentration, with major players like Caterpillar, Komatsu, and John Deere dominating alongside rising domestic companies in China [3][16] - Key technological trends include automation, green energy solutions, and product diversification, with a focus on enhancing efficiency and meeting environmental standards [4][6][19] Industry Current Status - The Chinese market is rebounding due to increased demand from road construction, urban renewal, and high-standard farmland projects, alongside robust export growth fueled by the Belt and Road Initiative [2][14] - The global market for road graders is projected to reach $1,435.24 million in sales by 2024, with a compound annual growth rate (CAGR) of 7.46% expected from 2025 to 2031 [12] Competitive Landscape - The global market is dominated by major manufacturers such as Caterpillar, Komatsu, and John Deere, which together hold approximately 42.52% of the market share [16] - Chinese companies like XCMG and SANY are emerging as strong competitors, particularly in the high-end and mid-range markets [3][16] Technological Development Trends - Automation and smart technology are central to the evolution of road graders, with advancements in AI, remote monitoring, and GPS systems enhancing operational efficiency [4][5] - The industry is shifting towards electric and hydrogen-powered solutions to meet stricter environmental regulations, with manufacturers focusing on low-emission technologies [6][19] Market Opportunities and Drivers - Environmental policies are driving the demand for equipment upgrades, with cities implementing bans on high-emission machinery [17] - Domestic infrastructure projects and strong overseas demand are expected to boost sales, particularly for companies that have upgraded their technology to meet international standards [18] Policy Analysis - Policies are being implemented to phase out older, high-emission equipment, with cities like Beijing planning to ban non-compliant machinery by the end of 2026 [25] - Support for electric and hydrogen-powered equipment is being encouraged through subsidies and tax incentives in various regions [25]

Core Viewpoint - The recent stock transfer of China Longgong (03339) from Morgan Stanley to Citibank indicates a significant market movement, while the company reports strong mid-term financial results for the period ending June 30, 2025, showcasing substantial growth in revenue and profit [1] Financial Performance - China Longgong reported a revenue of 5.596 billion RMB, representing a year-on-year increase of 69.67% [1] - The net profit attributable to shareholders reached 632 million RMB, marking a year-on-year growth of 37.83% [1] - Basic earnings per share stood at 0.15 RMB [1] Business Segment Contribution - The loader business remains the largest contributor to the company's revenue and profit, accounting for 41.12% of total sales, an increase of 0.81 percentage points from 40.31% in the same period of 2024 [1]

Core Viewpoint - The recent stock transfer of China Longgong (03339) from Morgan Stanley Hong Kong Securities to Citibank, valued at HKD 398 million, indicates a strategic shift among shareholders [1] Financial Performance - For the six months ending June 30, 2025, China Longgong reported revenue of CNY 5.596 billion, representing a year-on-year increase of 69.67% [1] - The net profit attributable to shareholders was CNY 632 million, up 37.83% compared to the previous year [1] - Basic earnings per share stood at CNY 0.15 [1] Business Segment Contribution - The loader business remains the largest contributor to the group's revenue and profit, accounting for 41.12% of total sales, an increase of 0.81 percentage points from 40.31% in the same period of 2024 [1]