证券日报网讯12月23日，中际联合（605305）在互动平台回答投资者提问时表示，公司未来规划信息请 参考公司发布的定期报告。 ...

Group 1 - The core viewpoint emphasizes the need for non-electric utilization to address the consumption issues of renewable energy, with recent policies highlighting this approach [1][27] - The National Energy Administration has proposed expanding the utilization pathways for renewable energy, including incorporating green methanol into the renewable energy non-electric consumption assessment system [1][27] - The investment in power generation has significantly outpaced that in the grid during the early stages of the 14th Five-Year Plan, but grid investment is expected to accelerate in the later stages to improve renewable energy consumption [1][26] Group 2 - Wind turbine manufacturers are transitioning their business models from asset turnover to full-chain operations, with companies like Goldwind and Envision investing in wind-to-hydrogen and methanol projects [2] - The long-term trend of carbon reduction is confirmed despite delays in the implementation of the IMO net-zero framework, with rising carbon prices expected to enhance the comparative advantage of wind-to-green methanol production [2][36] - The demand for offshore wind energy in Europe is anticipated to increase, with supply constraints in cables and infrastructure favoring Chinese manufacturers [3] Group 3 - The wind power industry is experiencing significant growth, with cumulative installed capacity reaching 590 million kW by October 2025, a year-on-year increase of 21.4% [5] - The average single-unit capacity of newly installed wind turbines has increased to 6046 kW, reflecting a slowdown in the pursuit of larger turbine sizes [13] - The financial performance of wind power equipment companies has generally improved, with 37 out of 42 selected companies reporting revenue growth year-on-year [16] Group 4 - The investment in non-electric utilization is expected to drive value reconstruction for manufacturers, with a focus on green hydrogen and methanol production [4][29] - Major projects in green hydrogen and methanol production are being developed, such as Goldwind's 500,000-ton green methanol project in Inner Mongolia [29] - The overall cash flow from operating activities for wind power equipment has shown significant improvement, indicating a positive trend in financial health [20]

证券日报网讯12月22日，中际联合（605305）在互动平台回答投资者提问时表示，截至2025年12月19 日，公司股东人数为23333户。 ...

（文章来源：证券日报） 证券日报网讯 12月11日，中际联合在互动平台回答投资者提问时表示，截至2025年12月10日，公司股 东人数为23954户。 ...

（文章来源：证券日报） 证券日报网讯 12月11日，中际联合在互动平台回答投资者提问时表示，公司目前生产经营正常。 ...

Group 1: Robotics Industry - The U.S. government is focusing on the development of robotics, indicating that robotics technology is becoming a key frontier in U.S.-China competition, with potential for continued resonance between the two countries' industries [1] - The Trump administration's actions suggest a strategic elevation of the U.S. robotics industry, with domestic policies expected to follow suit [1] - U.S. companies are actively investing in the robotics sector, creating a closed loop of "model-simulation-hardware," while China's supply chain is accelerating the implementation of robotics in various scenarios [1] Group 2: Construction Machinery - In November, domestic excavator sales exceeded expectations, and exports maintained high growth rates despite a high base, indicating a strong overall fundamental outlook for the sector [2] - The upward trend in both domestic and international sales of construction machinery has been validated, with a focus on overseas markets where profits from exports account for about 70% of many companies [2] - The performance of companies in the construction machinery sector remains strong, with non-excavator domestic sales also showing significant growth [2] Group 3: Lithium Battery Equipment - The electrification of ships is expanding the application of lithium batteries into new scenarios, with a positive outlook for lithium battery equipment in the upcoming year [3] - The demand for lithium batteries is expected to increase as new technologies like solid-state and sodium-ion batteries emerge, enhancing the electrification rate across various sectors [3] - The mid-term acceptance of solid-state batteries is anticipated to be completed by the end of the year, leading to a new round of order tenders from leading battery manufacturers and vehicle manufacturers [3] Group 4: PCB Equipment - The PCB industry is experiencing a resurgence, characterized by high-end product development and factory establishment in Southeast Asia, which is driving the demand for PCB equipment upgrades [4] - Key segments of PCB equipment, such as drilling and plating, hold significant value and are critical for circuit board performance [4] - The industry is evolving towards higher layer counts and more precise wiring due to AI-driven advancements, necessitating improvements in processing technology [4] Group 5: Forklifts & Mobile Robots - Sales of large forklifts are maintaining growth, with domestic sales increasing by 5% to 16% and exports growing by 8% to 23% from July to October [5] - The industry is optimistic about the upward trend in demand for smart logistics and unmanned forklifts, with major companies launching intelligent logistics products in Q4 [5] Group 6: Recommended Companies in Machinery Sector - Key companies recommended include Hengli Hydraulic, Aibin Technology, LiuGong, XCMG, Jereh, Naipu Mining, SANY Heavy Industry, Zoomlion, Anhui Heli, Hangcha Group, Huace Testing, Shoucheng Holdings, Xian Dao Intelligent, Bozhong Precision, Haitai International, Yizhiming, Puyuan Precision Electronics, Zhongji United, and Maiwei Shares [6]

Investment Rating - The investment rating for the engineering machinery industry is "Recommended" (maintained) [5] Core Viewpoints - The report highlights significant structural growth characteristics, with high-end products and exports being the core driving forces for the machine tool sector [4] - In November 2025, excavator sales reached 20,027 units, a year-on-year increase of 13.9%, with domestic sales at 9,842 units (up 9.11%) and exports at 10,185 units (up 18.8%) [8] - For the period from January to November 2025, a total of 212,162 excavators were sold, marking a 16.7% year-on-year increase, with domestic sales at 108,187 units (up 18.6%) and exports at 103,975 units (up 14.9%) [8] - Loader sales in November 2025 reached 11,419 units, a year-on-year increase of 32.1%, with domestic sales at 5,671 units (up 29.4%) and exports at 5,748 units (up 34.8%) [8] - The report indicates a strong domestic replacement demand for engineering machinery, driven by equipment renewal policies, and a rapid growth in exports with an improving structure [8] - The "Belt and Road" initiative regions are experiencing industrialization and infrastructure growth, while the North American market is expected to recover due to a rate cut cycle and replenishment demand [8] - The European market shows signs of marginal improvement after two years of decline, and Chinese brands have significant growth potential in the European and American markets due to low penetration rates [8] - Electrification and intelligence are opening new growth curves, enhancing both volume and pricing, while also broadening application scenarios [8] - Leading companies are expected to continue increasing their market share overseas, supported by technological upgrades and global expansion strategies [8] Summary by Sections - **Excavator Sales Data**: November 2025 saw excavator sales of 20,027 units, with a 13.9% year-on-year increase. Year-to-date sales reached 212,162 units, up 16.7% [8] - **Loader Sales Data**: November 2025 loader sales were 11,419 units, a 32.1% increase year-on-year, with year-to-date sales at 115,831 units, up 17.2% [8] - **Investment Recommendations**: The report suggests focusing on leading companies with a well-established global presence, including XCMG (000425.SZ), SANY Heavy Industry (600031.SH), LiuGong (000528.SZ), Shantui (000680.SZ), Hengli Hydraulic (601100.SH), and Zhongji United (605305.SH) [8]

Core Viewpoint - The controlling shareholder and actual controller of Zhongji United (Beijing) Technology Co., Ltd., Liu Zhixin, has executed a share reduction plan, resulting in a decrease in his total shareholding from 30.00% to 28.05% after the reduction of 4,152,160 shares, which constitutes 1.95% of the company's total share capital [3][4]. Shareholder Information - Before the reduction plan, Liu Zhixin directly held 51,656,387 shares, accounting for 24.31% of the total share capital, and indirectly held 12,099,614 shares through Shichuang (Beijing) Technology Development Co., Ltd., totaling 30.00% [1]. Reduction Plan Details - The reduction plan announced on October 25, 2025, allowed Liu Zhixin to reduce his holdings by up to 4,250,400 shares, or 2% of the total share capital, through centralized bidding and/or block trading [2]. - The plan specified that if shares were sold through centralized bidding, the maximum reduction would be 2,125,200 shares (1% of total share capital) within three months after the announcement [2]. Implementation Results - As of December 4, 2025, Liu Zhixin reduced his holdings by 2,125,160 shares through centralized bidding and 2,027,000 shares through block trading, totaling 4,152,160 shares [3]. - Post-reduction, Liu Zhixin directly holds 47,504,227 shares (22.35% of total share capital) and maintains his indirect holdings through Shichuang [3]. Equity Change - Following the reduction, the total shares held by Liu Zhixin and his concerted action party decreased from 63,756,001 shares to 59,603,841 shares, with the combined holding percentage dropping from 30.00% to 28.05% [4]. - This equity change does not trigger a mandatory tender offer and will not affect the company's governance structure or ongoing operations significantly [4][7].

Core Points - The company Zhongji United (stock code: 605305) announced on December 5 that Mr. Liu Zhixin has completed a share reduction plan [1] - Mr. Liu reduced his holdings by a total of 4,152,160 shares, which represents 1.95% of the company's total share capital [1] - The reduction was executed through two methods: 2,125,160 shares were sold via centralized bidding and 2,027,000 shares were sold through block trading [1]

证券代码：605305 证券简称：中际联合 公告编号：2025-075 中际联合（北京）科技股份有限公司 控股股东、实际控制人权益变动触及 1%刻度 暨减持股份结果公告 本公司董事会、全体董事及相关股东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。 重要内容提示： 控股股东、实际控制人持股的基本情况 本次减持计划实施前，中际联合（北京）科技股份有限公司（以下简称"公司"） 控股股东、实际控制人、董事长、总经理（总裁）刘志欣先生直接持有公司无限售条 件流通股数量为 51,656,387 股，占公司总股本的 24.31%；通过世创（北京）科技发 展有限公司间接持有公司无限售条件流通股数量为 12,099,614 股，占公司总股本的 5.69%，直接和间接合计持有公司 30.00%的股份。上述股份来源为公司首次公开发行 股票并上市前取得的股份及上市后资本公积金转增股本取得的股份，上述股份均已于 2024 年 5 月 6 日解除限售并上市流通。 减持计划情况 公司于 2025 年 10 月 25 日在上海证券交易所网站（www.sse.com.cn）及指定 ...