Core Viewpoint - The transfer of shares by the controlling shareholders of Changling Hydraulic, Xia Jifa and Xia Zemin, is progressing smoothly, with plans to cash out approximately 20.75 billion yuan through a two-step process involving share transfers and a tender offer [1][5]. Share Transfer Details - Xia Jifa and Xia Zemin are transferring a total of 41.99% of their shares in Changling Hydraulic, which includes 24.99% to Wuxi Core Technology and 5% to Chenglian Shuangying [2][3]. - The share transfer involves 36,007,400 shares, with Xia Jifa transferring 26,209,400 shares (18.19% of total shares) and Xia Zemin transferring 9,797,900 shares (6.80% of total shares) [2]. Financial Impact - The total cash out from the share transfers is approximately 20.75 billion yuan, with 14.68 billion yuan from the initial transfers and an additional 6.27 billion yuan expected from the tender offer [3][5]. - After the share transfers, Xia Jifa and Xia Zemin will still control 40.94% of Changling Hydraulic [4]. Company Performance - Changling Hydraulic has faced declining profits since its IPO, with net profits decreasing for four consecutive years from 2021 to 2024 [1][8]. - The company reported revenues of 9.07 billion yuan in 2021, which have fluctuated slightly, but net profits have consistently declined, reaching 0.95 billion yuan in 2024 [8]. - Despite the declining performance, the company plans to distribute over 90% of its profits as dividends in 2024 and the first half of 2025 [1][9]. Business Background - Changling Hydraulic was established in 2006 and went public in 2021, primarily engaged in the research, production, and sales of hydraulic components [7]. - The company has attempted to diversify its operations by planning to acquire a 70% stake in Jiangyin Shangchi Machinery, a company in the photovoltaic industry, but has faced challenges in meeting performance commitments [8][9].

证券代码：605389 证券简称：长龄液压 公告编号：2025-039 江苏长龄液压股份有限公司 关于控股股东、实际控制人股份协议转让价格暨要约收购价格除 息调整的公告 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。 一、本次交易概述 2025 年 7 月 10 日，江苏长龄液压股份有限公司（以下简称"公司"）控股 股东及实际控制人夏继发、夏泽民与无锡核芯听涛科技合伙企业（有限合伙）（现 已更名为"无锡核芯听涛科技合伙企业（普通合伙）"，以下简称"核芯听涛"） 签订《股份转让协议》，夏继发、夏泽民将所持有上市公司股份合计 36,007,360 股（占上市公司股份比例为 24.99%）转让给核芯听涛，其中：夏继发将所持 26,209,439 股股份（占上市公司股份比例为 18.19%）转让给核芯听涛；夏泽民将 所持 9,797,921 股股份（占上市公司股份比例为 6.80%）转让给核芯听涛。 同日，夏继发与江阴澄联双盈投资合伙企业（有限合伙）（以下简称"澄联 双盈"）签订《股份转让协议》，夏继发将所持有上市公司股份合计 7,2 ...

Market Performance - The engineering machinery sector rose by 1.59% on September 5, with Changling Hydraulic leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Top Gainers in Engineering Machinery - Changling Hydraulic (code: 605389) closed at 45.04, up 6.20% with a trading volume of 31,800 lots and a turnover of 141 million yuan [1] - Hangcha Group (code: 603298) closed at 24.59, up 5.76% with a trading volume of 156,200 lots and a turnover of 378 million yuan [1] - Zhongji United (code: 605305) closed at 38.70, up 5.33% with a trading volume of 148,900 lots and a turnover of 570 million yuan [1] Market Capital Flow - The engineering machinery sector experienced a net outflow of 96.58 million yuan from institutional investors, while retail investors saw a net inflow of 104 million yuan [2] - The top stocks with significant net inflows from retail investors include Changling Hydraulic and Zhongji United [2][3] Individual Stock Performance - Yichang Heavy Industry (code: 600031) had a net inflow of 39.30 million yuan from institutional investors, while retail investors had a net outflow of 29.07 million yuan [3] - Liugong (code: 000528) saw a net inflow of 25.38 million yuan from institutional investors, with a net outflow of 18.96 million yuan from retail investors [3]

Market Overview - The engineering machinery sector experienced a decline of 0.28% on September 3, with Wantong Hydraulic leading the drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Stock Performance - Notable gainers in the engineering machinery sector included: - Xugong Machinery (Code: 000425) with a closing price of 9.98, up 3.31% and a trading volume of 1.71 million shares, totaling 1.718 billion yuan [1] - Fushite (Code: 301446) closed at 30.58, up 2.62% with a trading volume of 40,300 shares, totaling 123 million yuan [1] - Anhui Heli (Code: 600761) closed at 20.16, up 2.60% with a trading volume of 307,500 shares, totaling 621 million yuan [1] - Conversely, significant decliners included: - Wantong Hydraulic (Code: 830839) closed at 39.68, down 5.59% with a trading volume of 22,200 shares, totaling 89.44 million yuan [2] - Huadong Heavy Machine (Code: 002685) closed at 8.29, down 5.26% with a trading volume of 693,500 shares, totaling 588 million yuan [2] - Shaoyang Hydraulic (Code: 301079) closed at 27.90, down 3.93% with a trading volume of 40,100 shares, totaling 114 million yuan [2] Capital Flow - The engineering machinery sector saw a net outflow of 82.3951 million yuan from institutional investors, while retail investors contributed a net inflow of 61.1566 million yuan [2] - The detailed capital flow for selected stocks showed: - Xugong Machinery had a net inflow of 1.22 billion yuan from institutional investors, while retail investors had a net outflow of 1.06 billion yuan [3] - Weiman Sealing (Code: 301161) had a net inflow of 74.8286 million yuan from institutional investors and a net outflow of 1.12 billion yuan from retail investors [3] - Fushite had a net inflow of 8.0905 million yuan from institutional investors, with a net outflow of 1.2838 million yuan from retail investors [3]

Market Performance - The engineering machinery sector rose by 1.35% on September 1, with Fushite leading the gains [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Top Gainers - Fushite (301446) closed at 30.80, up 8.91% with a trading volume of 52,800 shares and a turnover of 160 million yuan [1] - Hangcha Group (603298) closed at 24.87, up 7.11% with a trading volume of 215,700 shares and a turnover of 523 million yuan [1] - Xugong Machinery (000425) closed at 68.6, up 3.45% with a trading volume of 1,256,000 shares and a turnover of 1.229 billion yuan [1] Top Losers - Wuxin Suizhuang (835174) closed at 58.14, down 4.15% with a trading volume of 38,900 shares and a turnover of 226 million yuan [2] - Tietuo Machinery (873706) closed at 24.89, down 3.83% with a trading volume of 34,500 shares and a turnover of 86.3 million yuan [2] - Noli Co., Ltd. (603611) closed at 25.85, down 3.69% with a trading volume of 150,400 shares and a turnover of 392 million yuan [2] Capital Flow - The engineering machinery sector experienced a net outflow of 719 million yuan from institutional investors, while retail investors saw a net inflow of 551 million yuan [2][3] - The sector's overall capital flow indicates a mixed sentiment among different investor types, with institutional investors pulling back while retail investors increased their positions [2][3] Individual Stock Capital Flow - Liugong (000528) had a net outflow of 58.11 million yuan from institutional investors, while retail investors saw a net outflow of 69.41 million yuan [3] - Xugong Machinery (000425) experienced a net inflow of 53.84 million yuan from institutional investors, but retail investors had a net outflow of 47.69 million yuan [3] - Huadong Heavy Machine (002685) saw a net inflow of 25.18 million yuan from institutional investors, while retail investors had a net outflow of 6.57 million yuan [3]

证券代码：605389 证券简称：长龄液压 公告编号：2025-038 江苏长龄液压股份有限公司 关于控股股东协议转让股份暨控制权发生变更事项通过上海证 券交易所合规性审核的进展公告 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。 重要内容提示： ? 本次权益变动相关事项已通过上海证券交易所合规性审核。 ? 本次权益变动事项尚需在中国证券登记结算有限责任公司上海分公司办 理股份过户登记手续。最终实施结果尚存在不确定性，敬请投资者注意投资风险。 一、本次权益变动概述 听涛科技合伙企业（有限合伙）（以下简称"核芯听涛"）签订《股份转让协议》， 夏继发、夏泽民将所持有上市公司股份合计 36,007,360 股（占上市公司股份比例 为 24.99%）转让给核芯听涛，其中：夏继发将所持 26,209,439 股股份（占上市 公司股份比例为 18.19%）转让给核芯听涛；夏泽民将所持 9,797,921 股股份（占 上市公司股份比例为 6.80%）转让给核芯听涛。 下简称"澄联双盈"）签订《股份转让协议》，夏继发将所持有上市公司股份合 计 ...

证券代码：605389 证券简称：长龄液压 公告编号：2025-038 本次权益变动完成后，核芯听涛、澄联双盈将拥有上市公司合计 29.99%的 股份及该等股份对应的表决权，上市公司实际控制人夏继发、夏泽民及一致行动 人澜海浩龙将拥有上市公司合计 40.94%的股份及该等股份对应的表决权，上市 公司实际控制人未发生变更。 江苏长龄液压股份有限公司 关于控股股东协议转让股份暨控制权发生变更事项通过上海证 券交易所合规性审核的进展公告 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。 重要内容提示： 本次权益变动相关事项已通过上海证券交易所合规性审核。 本次权益变动事项尚需在中国证券登记结算有限责任公司上海分公司办 理股份过户登记手续。最终实施结果尚存在不确定性，敬请投资者注意投资风险。 一、本次权益变动概述 2025 年 7 月 10 日，公司控股股东及实际控制人夏继发、夏泽民与无锡核芯 听涛科技合伙企业（有限合伙）（以下简称"核芯听涛"）签订《股份转让协议》， 夏继发、夏泽民将所持有上市公司股份合计 36,007,360 股（占 ...

证券日报网讯 8月26日晚间，长龄液压发布公告称，2025年半年度利润分配方案为A股每股现金红利 0.42元（含税），股权登记日为2025年9月1日，除权（息）日及现金红利发放日均为2025年9月2日。 （文章来源：证券日报） ...

证券代码：605389 证券简称：长龄液压 公告编号：2025-037 江苏长龄液压股份有限公司 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： ? 每股分配比例 A 股每股现金红利0.42元 ? 相关日期 | 股份类别 | 股权登记日 | | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | --- | | Ａ股 | 2025/9/1 | － | 2025/9/2 | 2025/9/2 | | ? 差异化分红送转： 否 一、通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 14 日的2024年年度股东大会授权董事会 在符合利润分配条件的情况下制定具体的分配方案，并经 2025 年 8 月 19 日召开 的第三届董事会第六次会议审议通过。 二、分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 本次利润分配以方案实施 ...

证券代码：605389 证券简称：长龄液压 公告编号：2025-037 江苏长龄液压股份有限公司 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/9/1 | － | 2025/9/2 | 2025/9/2 | 差异化分红送转： 否 2025年半年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.42元 相关日期 一、通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 14 日的2024年年度股东大会授权董事会 在符合利润分配条件的情况下制定具体的分配方案，并经 2025 年 8 月 19 日召开 的第三届董事会第六次会议审议通过。 二、分配方案 1. 发放年度：2025年半年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司 ...