证券代码：600984 证券简称：建设机械 公告编号：2025-067 陕西建设机械股份有限公司 关于终止向特定对象发行股票事项的公告 陕西建设机械股份有限公司（以下简称"公司"）第八届董事会第二十二次会议审 议通过了《关于终止向特定对象发行股票事项的议案》，现将具体情况公告如下： 一、公司本次向特定对象发行股票事项的基本情况 1、公司于 2023 年 12 月 22 日召开了第七届董事会第三十一次会议、第七届监事会 第十八次会议，审议通过了《关于公司向特定对象发行股票预案的议案》等与本次发行 相关的议案。 具体内容详见公司于 2023 年 12 月 23 日在《中国证券报》《上海证券报》《证券 日报》《证券时报》及上海证券交易所网站（www.sse.com.cn）披露的相关公告。 2、公司于 2024 年 1 月 9 日召开了 2024 年第一次临时股东大会，审议通过了上述 与本次发行相关的议案事项，并授权董事会办理本次发行相关事宜。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 3、公司于 2024 年 12 月 20 ...

Core Viewpoint - The domestic new energy heavy truck market has experienced significant growth, with November 2025 sales reaching 28,000 units, a year-on-year increase of 178%, marking a record high for monthly sales [1][4][30]. Sales Performance - In November 2025, new energy heavy truck sales totaled 28,000 units, a month-on-month increase of 39% and a year-on-year increase of 178% [4][10]. - New energy tractor sales reached 22,200 units in November, with a month-on-month growth of 43% and a year-on-year growth of 194%, indicating a continued upward trend [4][10]. - The penetration rate of new energy tractors in the overall tractor market reached 47.26% in November, up from 36.40% the previous month, representing a significant increase [10][18]. Market Share and Trends - New energy tractors accounted for 79.50% of the new energy heavy truck market in November, an increase from 77.34% the previous month [6][10]. - From January to November 2025, new energy tractors achieved a cumulative sales figure of 141,800 units, reflecting a year-on-year growth of 221% [22][24]. - The top three companies in the new energy tractor market—FAW Jiefang, Xugong, and SANY—each sold over 18,000 units, with market shares of 16.75%, 16.21%, and 13.32%, respectively [26][28]. Competitive Landscape - In November 2025, FAW Jiefang led the monthly sales with 3,987 units, followed by Xugong and SANY with 3,730 and 3,014 units, respectively [20][18]. - A total of 30 companies participated in the new energy tractor market by November 2025, indicating a competitive environment with multiple players [22][30]. Regional Distribution - New energy tractors have been registered in all 31 provincial-level administrative regions in China, with Shanghai, Guangdong, and Shanxi accounting for over 40% of the market share [14][12]. Conclusion - The new energy tractor market has shown robust growth, with average monthly year-on-year growth rates reaching 242% from January to November 2025, indicating a sustained upward trajectory [30].

Core Insights - XCMG Group has achieved significant cost savings in non-production procurement, amounting to over 100 million yuan in measurable reductions through a partnership with JD Industrial [1] - The collaboration aims to address common procurement challenges such as complexity, low standardization, and inefficient internal systems [2] Group 1: Procurement Challenges - Non-production materials account for only 5%-10% of total procurement costs but represent 60%-80% of management costs due to their large quantity and complexity [1] - XCMG manages 120,000 types of non-production materials from over 2,700 suppliers, leading to inefficiencies in data management and procurement processes [1] - The previous procurement system was fragmented, with different departments using varied data and coding systems, complicating the reconciliation process [1] Group 2: Strategic Partnership with JD - The strategic partnership with JD has streamlined the supplier base for labor protection and tools from over 100 to just over 10, enhancing efficiency [2] - Over 6,000 materials have been standardized and categorized, resolving issues of multiple codes for the same item [2] - The new digital procurement platform allows employees to order materials easily, reducing the procurement cycle from over 20 steps to just 3, and cutting the average procurement time from half a month to under 2 days [2] Group 3: Cost Reduction and Supply Chain Optimization - The transition to the digital platform has led to a 30% reduction in costs for certain items, such as lithium battery-powered impact wrenches, by switching to high-quality domestic brands [3] - The supply chain process has been simplified, with deliveries consolidated into a single trip to JD's distribution center in Xuzhou, enhancing logistical efficiency [3] - The new procurement model shifts from passive to proactive purchasing, redefining the value of non-production procurement management [3]

陕西建设机械股份有限公司 2025 年第八次临时股东会会议资料 二〇二五年十二月十八日 | | | | 一、2025 年第八次临时股东会会议议程 1 | | --- | | 二、陕西建设机械股份有限公司关于公司与陕西新能联慧科技有限公司签订防爆无轨胶 | | 轮车采购合同的议案 2 | 建设机械 2025 年 第八次临时股东会会议议程 2025 年第八次临时股东会会议议程 一、现场会议召开时间：2025 年 12 月 25 日下午 14:00 二、网络投票时间：2025 年 12 月 25 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东会召 开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联网投票平台 的投票时间为股东会召开当日的 9:15-15:00。 三、会议表决方式：采取现场投票与网络投票相结合的方式 四、现场会议地点：陕西省西安市金花北路 418 号公司一楼会议室 五、会议主持人：董事长车万里 | 序号 | | 会 | 议 | 议 | 程 | | --- | --- | --- | --- | --- | --- | | 一 | ...

Core Viewpoint - The engineering machinery sector experienced a decline of 1.03% on December 18, with construction machinery leading the drop, while the overall market showed mixed results with the Shanghai Composite Index rising by 0.16% and the Shenzhen Component Index falling by 1.29% [1][2] Group 1: Market Performance - The engineering machinery sector fell by 1.03% on the trading day [1] - The Shanghai Composite Index closed at 3876.37, up by 0.16% [1] - The Shenzhen Component Index closed at 13053.98, down by 1.29% [1] Group 2: Capital Flow - The engineering machinery sector saw a net outflow of main funds amounting to 66.54 million yuan [2] - Retail investors contributed a net inflow of 92.08 million yuan [2] - Speculative funds experienced a net outflow of 25.53 million yuan [2]

Core Viewpoint - Citigroup reports that the China Construction Machinery Industry Association announced an increase in construction machinery shipments for November, with significant demand for crawler cranes, which saw a year-on-year increase of 102% [1] Group 1: Market Demand and Performance - Crawler cranes are experiencing the strongest demand in the Chinese market, with shipments in November increasing by 102% year-on-year [1] - The demand surge is attributed to equipment replacement needs and strong demand in renewable energy sectors, such as wind energy [1] Group 2: Competitive Landscape - In contrast, the shipment volume of tower cranes in China saw a year-on-year decline, with the drop expanding from 17% in October to 49% in November [1] - The market share of the top four large excavator manufacturers decreased from 59.7% in 2024 to 58.7% in the first nine months of this year, indicating intensified competition among Chinese machinery manufacturers [1] Group 3: Company Preferences - Citigroup maintains its preference ranking for the domestic construction machinery industry, listing Hengli Hydraulic (601100), Sany Heavy Industry (600031) H-shares, Sany Heavy Industry (600031) A-shares, Zoomlion (000157) and lastly, Construction Machinery (600984) [1]

Group 1 - The core viewpoint of the article highlights the strong demand for crawler cranes in the Chinese market, with a year-on-year increase in shipments of 102% in November [1] - The demand for crawler cranes is driven by equipment replacement needs and strong demand in renewable energy sectors such as wind energy [1] - In contrast, the shipment volume of tower cranes in China saw a significant year-on-year decline, with a drop from 17% in October to 49% in November [1] Group 2 - The market share of the top four large excavator manufacturers in China decreased from 59.7% in 2024 to 58.7% in the first nine months of this year, indicating intensified competition among Chinese machinery manufacturers [1] - The preference ranking for the domestic engineering machinery industry remains unchanged, with the order being Hengli Hydraulic (601100.SH), Sany Heavy Industry (06031) H-shares, Sany Heavy Industry (600031.SH) A-shares, Zoomlion (01157), and finally Construction Machinery (600984.SH) [1]

Group 1 - The demand for crawler cranes in the Chinese market is the strongest among major types of construction machinery, with a year-on-year shipment increase of 102% in November [1] - The strong demand is driven not only by equipment replacement needs but also by robust demand in the renewable energy sector, such as wind energy [1] - The shipment volume of tower cranes in China saw a year-on-year decline that expanded from 17% in October to 49% in November, indicating continued weakness in the real estate sector [1] Group 2 - The market share of the top four large excavator manufacturers decreased from 59.7% in 2024 to 58.7% in the first nine months of this year, reflecting intensified competition among machinery manufacturers [1] - The preference ranking for the domestic construction machinery industry remains unchanged, with the order being Hengli Hydraulic, Sany Heavy Industry H-shares, Sany Heavy Industry A-shares, Zoomlion, and finally, XCMG [1]

在"金九银十"两月连续交出超2万辆成绩单的新能源重卡市场，在刚刚过去的11月又刷新了多 项纪录！ 2025年11月份，新能源重卡在重卡市场终端销量的占比达到36.45% ，较上月占比 （28.65%）提升不少，高于2024年全年占比（13.61%），比去年同期渗透率（17.61%） 高了接近20个百分点。上图还可见，自2025年3月份开始，重卡市场新能源渗透率再也没有 低于过20%，自6月份起均超过25%，刚刚过去的11月份渗透率首次突破30%，并一举超过 35%。 2025年1-11月，重卡市场新能源渗透率达到25.95% （去年同期渗透率为 12.54%），用气势如虹来形容2025年，尤其是最近几月的新能源重卡市场毫不夸张。 2025年1-11月，全国31个省（市、区）都有新能源重卡上牌。 具体到城市来看，截止到11 月份，今年全国已有326座城市有新能源重卡上牌（11月新增2城），其中上海、深圳、广 州、成都、长沙、郑州、昆明、天津、西安、昌吉、石家庄、临汾、晋城、北京和重庆等17 座城市上牌量已超过2000辆，上牌量超过4000辆的城市都有5座（如下图）。 爆！可以说是2025年11月份新能源重卡市场 ...

Core Insights - The engineering machinery sector experienced a rise of 1.04% on December 12, with Shaoyang Hydraulic leading the gains [1] - The Shanghai Composite Index closed at 3889.35, up 0.41%, while the Shenzhen Component Index closed at 13258.33, up 0.84% [1] Engineering Machinery Sector Performance - Shaoyang Hydraulic (301079) saw a significant increase of 19.98%, closing at 30.86 with a trading volume of 256,100 shares and a transaction value of 737 million yuan [1] - Other notable performers included Wantong Hydraulic (920839) with an 8.04% increase, closing at 46.24, and Construction Machinery (600984) with a 6.46% increase, closing at 4.78 [1] - The sector also included companies like Tuoshan Heavy Industry (001226) and Hangcha Group (603298), which rose by 4.29% and 3.57% respectively [1] Fund Flow Analysis - The engineering machinery sector saw a net inflow of 15.6469 million yuan from main funds, while retail investors contributed a net inflow of 428 million yuan [2] - However, there was a net outflow of 443 million yuan from speculative funds [2]