证券代码：605305 证券简称：中际联合 公告编号：2025-067 中际联合（北京）科技股份有限公司 关于全资子公司完成名称变更的公告 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。 中际联合（北京）科技股份有限公司（以下简称"公司"）于近日收到全资子公 司 FICONT INDUSTRY (HONGKONG) LIMITED（中文名：中际联合（香港）科技有限公司） (以下简称"中际香港"）的通知，中际香港已完成变更公司英文名称的工作，由原英 文名称"FICONT INDUSTRY (HONGKONG) LIMITED"变更为"3S Industry HongKong Limited"，并取得了由香港特别行政区公司注册处颁发的《公司更改名称证明书》。 一、变更后的注册信息如下： 特此公告。 中际联合（北京）科技股份有限公司 董事会 2025 年 10 月 22 日 1 公司名称：3S Industry HongKong Limited 证明书编号：68427997 业务性质：投资；咨询及服务；进出口贸易；产品购销 地址：香 ...

Core Viewpoint - The Chinese construction machinery industry is experiencing a strong recovery, driven by both domestic and international market demands, with significant growth in import and export trade figures [2][3]. Group 1: Industry Performance - In September 2025, China's construction machinery import and export trade reached $5.505 billion, a year-on-year increase of 29.1%, with exports accounting for $5.271 billion, up 29.6% [2]. - For the first three quarters of the year, the cumulative trade amount was $45.873 billion, reflecting a 12.8% year-on-year growth, with exports at $43.855 billion, up 13.3% [2]. - Excavator sales in September reached 19,858 units, a 25.4% increase year-on-year, with domestic sales at 9,249 units (up 21.5%) and exports at 10,609 units (up 29%) [2]. Group 2: Market Drivers - The recovery in the construction machinery sector is attributed to the synchronization of domestic and international market demands, with equipment renewal cycles and large project initiations driving domestic demand [3]. - The "Belt and Road" initiative continues to boost infrastructure construction needs in partner countries, enhancing China's machinery exports [3]. - The demand for small excavators is growing due to urbanization and industrialization in "Belt and Road" countries, alongside domestic needs driven by agriculture and municipal projects [3]. Group 3: Stock Market Performance - On October 21, the A-share construction machinery sector saw a 2% increase in the industry index, with a net inflow of 1.394 billion yuan into the sector [3]. - Notable stock performances included Xugong Machinery and Tieshan Heavy Industry, with the latter rising by 7.14% [3]. Group 4: Company Valuations - Among 35 listed companies in the construction machinery sector, the median rolling price-to-earnings (P/E) ratio is 41.2 times, with 12 companies having P/E ratios below 20 times [4]. - Tongli Co. has the lowest rolling P/E ratio at 11.22 times, focusing on non-road dump trucks and mining vehicles [5]. Group 5: International Business Growth - In the first half of the year, 24 listed companies reported overseas business revenues totaling 84.685 billion yuan, a year-on-year increase of over 10% [5]. - Companies like Tuoshan Heavy Industry and Weibow Hydraulic reported significant growth in overseas revenues, with increases of 54.61% and 53.23%, respectively [5].

证券日报网讯中际联合（605305）10月20日在互动平台回答投资者提问时表示，公司升降类产品质保期 过后为客户提供的产品维修、保养是收费的，随着出保产品数量的逐步增加，公司在服务方面的收入有 望持续增长。 ...

Group 1: Market Trends and Company Performance - A total of 173 listed companies received institutional research during the week of October 13 to 17, with approximately 20% of the researched stocks achieving positive returns, led by Huicheng Environmental with a 20.08% increase [1] - The technology sector remains a focus for institutional research despite recent adjustments, with companies like Dike Co., Nengke Technology, and Aipeng Medical attracting around 100 institutional inquiries [1] - The storage industry is experiencing continuous price increases, prompting institutions to explore investment opportunities, with companies like Dike Co. expecting strong revenue growth in their storage business [3] Group 2: Company Strategies and Responses to Policy Changes - Dike Co. is planning to acquire Jiangsu Jingkai, which will enhance its integrated layout in the storage business, potentially improving profit margins [3] - Deep Technology indicated that its semiconductor packaging business is progressing steadily, with capacity utilization meeting order demands, and it will continue to monitor market opportunities for expansion [3] - The Central Cyberspace Affairs Commission and the National Development and Reform Commission issued guidelines for AI deployment in government sectors, which South威 Software views as a significant step for the intelligentization of government services [5] Group 3: Banking Sector Insights - The banking sector has seen increased research interest as bank stocks serve as a safe haven during market adjustments, with Shanghai Bank reporting a more than 6% increase [6][7] - Shanghai Bank plans to maintain a stable dividend policy, with a cash dividend ratio of no less than 30% annually from 2025 to 2027 [7] - Ningbo Bank has also seen a 4% increase and aims to expand financial services to meet the financing needs of the real economy, emphasizing sustainable growth and shareholder returns [8]

Market Overview - On October 17, the engineering machinery sector experienced a decline of 4.06%, with Zhongji United leading the drop [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Individual Stock Performance - Notable gainers included: - XG Group (600815) with a closing price of 2.84, up 3.65% on a trading volume of 756,600 shares and a turnover of 215 million yuan [1] - Fushite (301446) closed at 30.90, up 2.32% with a trading volume of 41,800 shares and a turnover of 12.9 million yuan [1] - Major decliners included: - Zhongji United (605305) closed at 35.55, down 7.13% with a trading volume of 105,300 shares and a turnover of 384 million yuan [2] - XCMG Machinery (000425) closed at 11.15, down 5.11% with a trading volume of 1,097,200 shares and a turnover of 1.238 billion yuan [2] Capital Flow Analysis - The engineering machinery sector saw a net outflow of 809 million yuan from institutional investors, while retail investors contributed a net inflow of 599 million yuan [2] - The following stocks had significant capital flows: - XG Group (600815) had a net inflow of 22.65 million yuan from institutional investors, but a net outflow of 21.35 million yuan from retail investors [3] - LiuGong (000528) experienced a net inflow of 17.67 million yuan from institutional investors and a net outflow of 49.66 million yuan from retail investors [3]

Core Viewpoint - The construction machinery industry is experiencing significant growth, with excavator sales in September 2025 reaching 19,858 units, a year-on-year increase of 25.4% [3]. Excavator Sales Summary - In September 2025, a total of 19,858 excavators were sold, with domestic sales at 9,249 units (up 21.5%) and exports at 10,609 units (up 29%) [3]. - From January to September 2025, total excavator sales reached 174,039 units, with domestic sales of 89,877 units (up 21.5%) and exports of 84,162 units (up 14.6%) [3]. Loader Sales Summary - In September 2025, loader sales amounted to 10,530 units, reflecting a year-on-year growth of 30.5%, with domestic sales at 5,051 units (up 25.6%) and exports at 5,479 units (up 35.3%) [3]. - For the period from January to September 2025, total loader sales were 93,739 units, with domestic sales of 49,996 units (up 20.7%) and exports of 43,743 units (up 8.31%) [3]. Industry Outlook - The rapid growth in excavator sales indicates a clear recovery in the industry, driven by a new round of replacement cycles and the commencement of large projects like the Yaxi Water Conservancy Project [3]. - The demand for infrastructure development in countries along the "Belt and Road" initiative is contributing to export growth, while leading companies are enhancing their market share through technological upgrades and global expansion [3]. - The overall industry fundamentals show a positive trend, leading to a maintained "recommended" rating for investments in this sector [3]. Investment Recommendations - Companies with strong global presence are considered more competitive, with a focus on the following: XCMG Machinery (000425.SZ), SANY Heavy Industry (600031.SH), LiuGong (000528.SZ), Shantui (000680.SZ), Hengli Hydraulic (601100.SH), and Zhongji United (605305.SH) [4].

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。 证券代码：605305 证券简称：中际联合 公告编号：2025-066 中际联合（北京）科技股份有限公司 关于使用闲置募集资金进行现金管理到期赎回 并继续进行现金管理的进展公告 重要内容提示： ● 本次现金管理受托方：兴业银行股份有限公司北京通州北苑支行 ● 履行的审议程序：中际联合（北京）科技股份有限公司（以下简称"公 司"）于 2025 年 4 月 17 日召开第四届董事会第十二次会议及第四届监事会第十 一次会议，分别审议通过了《关于使用部分闲置募集资金进行现金管理的议案》， 该议案经公司 2024 年年度股东大会审议通过，同意公司及子公司在确保募投项 目所需资金正常使用和保证募集资金安全的前提下，对不超过人民币 6,000.00 万元（含本数）的闲置募集资金进行现金管理，在上述额度内，资金可以循环使 用，投资期限自公司 2024 年年度股东大会审议通过之日起 12 个月内有效。公司 监事会发表了明确的同意意见，保荐人中信建投证券股份有限公司对本事项出具 了明确的核查意见。详 ...

Core Viewpoint - The company has provided a guarantee for its wholly-owned subsidiary, Zhongji Equipment, to secure a credit line of RMB 20 million from China Merchants Bank for operational needs [1][3][7]. Group 1: Guarantee Details - The guarantee amount is set at a maximum of RMB 20 million, with a one-year credit term [1][5]. - The guarantee is structured as a joint liability guarantee, covering various financial services including loans, trade financing, and bank acceptance bills [5][6]. - The company will not charge any guarantee fees to the subsidiary and does not require counter-guarantees, indicating manageable risk [1][7]. Group 2: Internal Decision Process - The board of directors and the supervisory board approved the guarantee proposal on April 17, 2025, without needing shareholder approval [2][8]. Group 3: Progress of Guarantee - On September 23, 2025, the subsidiary signed a credit agreement with China Merchants Bank, and the company executed an irrevocable guarantee [3][9]. - The guarantee is within the previously approved limits and does not require further board approval [3][9]. Group 4: Financial Context - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to RMB 260 million, which includes this guarantee, representing 10.05% of the company's audited net assets for 2024 [9].

证券代码：605305 证券简称：中际联合 公告编号：2025-065 中际联合（北京）科技股份有限公司 关于为全资子公司提供担保的进展公告 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。 一、担保情况概述 （一） 担保的基本情况 为满足子公司生产经营及业务发展的需要，中际联合（北京）科技股份有限 公司（以下简称"中际联合"或"公司"）全资子公司中际联合（北京）装备制 1 造有限公司（以下简称"中际装备"）向招商银行股份有限公司北京分行（以下 简称"招商银行"）申请综合授信人民币 2,000.00 万元，授信期限为 1 年，公 司为上述授信提供担保，担保金额为最高额度人民币 2,000.00 万元，担保方式 为连带责任保证。本次担保主要用于申请银行承兑汇票、非融资性保函、贷款、 衍生产品交易、信用证、委托开证、商业承兑汇票等业务，具体业务品种及金额 最终以银行批复为准。本次公司为中际装备提供担保不收取子公司任何担保费用， 也不需要提供反担保，担保风险可控，本次担保有助于满足中际装备经营发展的 需要。上述事项具体内容详见公司于 ...

Core Insights - The company, Zhongji United (605305.SH), reported a new order amount for the period from January to August 2025, indicating a growth of less than 30% compared to the same period last year [1] Company Summary - Zhongji United's new order amount for the first eight months of 2025 shows a growth rate of approximately less than 30% year-on-year [1]