Core Insights - The engineering machinery sector experienced a slight increase of 0.34% on November 18, with Changling Hydraulic leading the gains [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Stock Performance - Changling Hydraulic (605389) saw a closing price of 67.76, with a significant increase of 10.00% and a trading volume of 20,000 shares, amounting to 133 million yuan [1] - Fushite (301446) closed at 31.66, up 5.46%, with a trading volume of 38,200 shares and a turnover of 120 million yuan [1] - Yichong Heavy Industry (600031) closed at 20.86, up 1.41%, with a trading volume of 760,700 shares and a turnover of 1.594 billion yuan [1] - XCMG Machinery (000425) closed at 10.11, up 1.30%, with a trading volume of 569,100 shares and a turnover of 576 million yuan [1] - Hengli Hydraulic (601100) closed at 88.64, up 0.66%, with a trading volume of 45,300 shares and a turnover of 402 million yuan [1] Capital Flow - The engineering machinery sector saw a net inflow of 42.64 million yuan from institutional investors, while retail investors contributed a net inflow of 67.33 million yuan [2] - The sector experienced a net outflow of 110 million yuan from speculative funds [2] Individual Stock Capital Flow - Yichong Heavy Industry (600031) had a net inflow of 31.3 million yuan from institutional investors, while it faced a net outflow of 12.4 million yuan from speculative funds [3] - Changling Hydraulic (605389) recorded a net inflow of 43.77 million yuan from institutional investors, with a net outflow of 24.49 million yuan from speculative funds [3] - Fushite (301446) had a net inflow of 14.79 million yuan from institutional investors, while it faced a net outflow of 2.32 million yuan from speculative funds [3]

证券代码：605389 证券简称：长龄液压 公告编号：2025-051 江苏长龄液压股份有限公司 关于控股股东、实际控制人协议转让部分股份事项 完成过户登记的公告 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。 重要内容提示： 本次协议转让事项已在中国证券登记结算有限责任公司上海分公司办理 完成股份过户登记手续，上市公司控股股东和实际控制人未发生变更。 江苏长龄液压股份有限公司（以下简称"公司"）于近日获悉公司控股股东、 实际控制人夏继发、实际控制人夏泽民与无锡核芯听涛科技合伙企业（普通合伙） （以下简称"核芯听涛"）、江阴澄联双盈投资合伙企业（有限合伙）（以下简 称"澄联双盈"）的协议转让事项已办理完成股份过户登记手续，并取得中国证 券登记结算有限责任公司出具的《证券过户登记确认书》，现将具体情况公告如 下： 一、本次权益变动概述 二、股份过户登记情况 根据中国证券登记结算有限责任公司于 2025 年 11 月 14 日出具的《证券过 户登记确认书》，本次协议转让事项过户登记手续已办理完毕，过户日期为 2025 年 11 月 ...

Core Points - Changling Hydraulic announced the transfer of shares from its controlling shareholders to Xinxin Tingtao and Chenglian Shuangying, totaling 43,211,714 shares, which represents 29.99% of the company's total share capital [2] Group 1 - The controlling shareholders, Xia Jifa and Xia Zemin, signed a share transfer agreement with Xinxin Tingtao to transfer a total of 36,007,360 shares, accounting for 24.99% of the company [2] - Xia Jifa will transfer 26,209,439 shares (18.19% of the company) to Xinxin Tingtao, while Xia Zemin will transfer 9,797,921 shares (6.80% of the company) [2] - Additionally, Xia Jifa signed a separate agreement with Chenglian Shuangying to transfer 7,204,354 shares (5.00% of the company) [2] Group 2 - The share transfer was completed on November 13, 2025, with the registration of the transfer confirmed by the China Securities Depository and Clearing Corporation [2] - The nature of the transferred shares is unrestricted circulating shares [2] - The transfer details are consistent with previous disclosures and agreements [2]

Core Viewpoint - Changling Hydraulic reported that as of November 10, 2025, the number of shareholders reached 8,145 [2] Company Summary - Changling Hydraulic has engaged with investors through an interactive platform, providing updates on shareholder numbers [2] - The company is actively communicating with its investors, indicating a focus on transparency and shareholder engagement [2]

Core Points - Changling Hydraulic (605389) announced the election of Zhu Fang as the employee representative director of the company's third board of directors during the employee representative meeting held on November 11, 2025 [1] Summary by Category - **Company Announcement** - The company held an employee representative meeting on November 11, 2025, where all attending representatives unanimously agreed to elect Zhu Fang as the employee representative director [1]

江苏长龄液压股份有限公司 关于非独立董事辞职暨选举职工代表董事 及战略委员会部分委员的公告 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。 江苏长龄液压股份有限公司（以下简称"公司"）董事会于 2025 年 11 月 11 日收到公司非独立董事朱芳女士提交的书面辞任报告。朱芳女士因工作调整 原因申请辞任公司第三届董事会非独立董事、战略委员会委员职务。 公司于同日分别召开职工代表大会和第三届董事会第八次会议，选举朱芳女 士为公司第三届董事会职工代表董事、战略委员会委员。 一、非独立董事离任情况 证券代码：605389 证券简称：长龄液压 公告编号：2025-050 法规及规范性文件和《公司章程》的相关规定，公司董事会中设置 1 名职工代表 董事，职工代表董事由公司职工代表大会选举产生。公司于 2025 年 11 月 11 日 召开职工代表大会，经全体与会职工代表认真审议并表决，一致同意选举朱芳女 士担任公司第三届董事会职工代表董事（简历详见附件），任期自本次职工代表 大会审议通过之日起至公司第三届董事会任期届满之日止。 朱芳女士 ...

证券代码：605389 证券简称：长龄液压 公告编号：2025-049 江苏长龄液压股份有限公司 2025年第一次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东大会召开的时间：2025 年 11 月 11 日 (二)股东大会召开的地点：江苏省江阴市云亭街道云顾路 885 号公司三楼大 会议室 (五)公司董事、监事和董事会秘书的出席情况 1、公司在任董事5人，出席5人； 2、公司在任监事3人，出席3人； 3、公司董事会秘书、副总经理戴正平先生出席本次会议；其他高管列席会 议。 二、议案审议情况 (一)非累积投票议案 1、议案名称：关于取消监事会、修订《公司章程》并授权办理工商变更登 记的议案 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 106 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 102,793,718 | | 3 ...

上海市广发律师事务所 关于江苏长龄液压股份有限公司 2025年第一次临时股东大会的 法律意见书 一 广发律师事务所 电话: 021-58358013 | 传真: 021-58358012 网址： http://www.gffirm.com| 电子信箱: gf@gffirm.com 办公地址：上海市浦东新区南泉北路 429 号泰康保险大厦 26 楼 | 邮政编码：200120 上海市广发律师事务所 关于江苏长龄液压股份有限公司 2025 年第一次临时股东大会的法律意见书 致:江苏长龄液压股份有限公司 江苏长龄液压股份有限公司(以下简称"公司")2025年第一次临时股东 大会于 2025年 11月 11 日在江苏省江阴市云亭街道云顾路 885 号公司三楼大会 议室召开。上海市广发律师事务所经公司聘请,委派姚思静律师、姚培琪律师出 席现场会议。根据《中华人民共和国公司法》(以下简称"《公司法》")、《上 市公司股东会规则》(以下简称"《股东会规则》")等法律法规、其他规范性 文件以及《江苏长龄液压股份有限公司章程》(以下简称"《公司章程》")的 规定,就本次股东大会的召集和召开程序、召集人及出席会议人员的资格、会议 ...

Core Viewpoint - Changling Hydraulic reported a decrease in the number of shareholders, indicating a potential shift in investor sentiment and stock liquidity [2] Group 1: Shareholder Information - As of November 10, the number of shareholders for Changling Hydraulic was 8,145, a decrease of 1,327 from the previous period (October 31), representing a decline of 14.01% [2] Group 2: Stock Performance - The closing price of Changling Hydraulic was 62.19 yuan, down 0.03%, with a cumulative decline of 7.87% since the concentration of shares began [2] - The stock experienced 2 days of increase and 5 days of decrease during the reporting period [2] Group 3: Financial Performance - For the first three quarters, the company achieved operating revenue of 750 million yuan, a year-on-year increase of 10.50% [2] - The net profit for the same period was 110 million yuan, reflecting a year-on-year growth of 20.51% [2] - The basic earnings per share were 0.7700 yuan, with a weighted average return on equity of 5.19% [2]

Core Viewpoint - The company announced the resignation of non-independent director Zhu Fang due to work adjustments, and subsequently elected her as a representative director and member of the strategic committee [1] Group 1 - The board of directors received a written resignation report from Zhu Fang on November 11, 2025 [1] - Zhu Fang's resignation is attributed to work adjustment reasons [1] - The company held a staff representative meeting and the eighth meeting of the third board of directors on the same day [1] Group 2 - Zhu Fang was elected as a staff representative director and a member of the strategic committee during the board meeting [1]