每经AI快讯，1月29日，中联重科在港交所公告，公司与经办人订立《认购协议》，据此，本公司已经 同意向经办人或按其指示发行可换股债券，而经办人已经各别（并非共同）同意按《认购协议》若干条 款，认购本金人民币60亿元（按固定汇率换算，约等同67.45亿港元）可换股债券并支付其价款，或促 使认购人认购可换股债券并支付其价款。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，不構成提出收購、購買或認購證券的邀請或要約，也不構成訂立協議以進行 該等事宜的邀請，亦不應視為提出收購、購買或認購任何證券的邀請。 本公告不得直接或間接分派於或予美國境內（包括其領地和屬地、美國任何州和哥倫比亞特 區）。本公告及其所載的資料不構成或成為在美國購買、認購或出售證券的要約、邀請或邀 約的一部份。本公告所述的證券既沒有、也不會根據《1933年美國證券法》（經修訂）（「《證券 法》」）登記，除非獲豁免遵守《證券法》的登記規定，或交易不受制於該等登記規定，否則不得 在美國境內發售或出售該等證券。本公告所述的證券依據《證券法》的《S規例》在美國境外發售 及出售。在美國或其他被限制或禁止公開發售本公告所述證券的司法管轄區，不會且將不會進 行該等發售。本公告或其所載的資料不應被視為徵收任何資金、證券或其他對價的邀請，如果 發送資金、證券或任何對價以回應本公告或其所載的資料，將不被接受。 ...

假设可换股债券全部按每股H股10.02港元的初始转股价格进行转换，可换股债券将可转换为约 673,188,000股H股，约相当于本公司于本公告日期的已发行H股总数43.36%及已发行股本总数7.78%， 以及本公司于可换股债券全数转换后经扩大的已发行H股总数30.25%及经扩大的已发行股本总数 7.22%。 1月29日早间，中联重科在港交所公告，公司与经办人订立认购协议，据此，公司已经同意向经办人或 按其指示发行可换股债券，而经办人已经各别（并非共同）同意认购本金人民币6,000,000,000元可换股 债券并支付其价款，或促使认购人认购可换股债券并支付其价款。可换股债券可以依据其条款及条件所 载的情况转换为H股，初始转股价格为每股H股港元10.02（可予调整）。 ...

Core Viewpoint - Zhonglian Heavy Industry (01157.HK) has entered into a subscription agreement to issue convertible bonds worth RMB 6 billion (approximately HKD 6.745 billion) with underwriters including Huatai International, HSBC, and Morgan Stanley [1] Group 1: Convertible Bonds Issuance - The company has agreed to issue convertible bonds to the underwriters, who will subscribe to the bonds under specific terms outlined in the subscription agreement [1] - The final terms of the convertible bonds, including principal amount and initial conversion price, were determined after the underwriters conducted book building on January 28, 2026 [1] Group 2: Conversion Details - If the convertible bonds are fully converted at the initial conversion price of HKD 10.02 per share, they will convert into approximately 673 million H-shares, representing about 43.36% of the company's total issued H-shares and 7.78% of the total issued share capital as of the announcement date [1] - The initial conversion price of HKD 10.02 per share is at a premium of approximately 18.58% compared to the last trading price of HKD 8.45 per share on the Hong Kong Stock Exchange [1] Group 3: Fundraising Expectations - The net proceeds from the issuance of the convertible bonds are expected to be approximately RMB 59.42 billion (around HKD 66.80 billion) [1]

智通财经APP讯，中联重科(01157)发布公告，2026年1月29日(交易时段前)，公司与经办人订立《认购 协议》，据此，公司已经同意向经办人或按其指示发行可换股债券，而经办人已经各别(并非共同)同意 按《认购协议》若干条款，认购本金人民币60亿元(按固定汇率换算，约等同67.45亿港元)可换股债券并 支付其价款，或促使认购人认购可换股债券并支付其价款。 可换股债券可以依据其条款及条件所载的情况转换为H股，初始转股价格为每股H股港元10.02(可予调 整)。 假设可换股债券全部按每股H股10.02港元的初始转股价格进行转换，可换股债券将可转换为约6.73亿股 H股，约相当于(i)公司于本公告日期的已发行H股总数43.36%及已发行股本总数7.78%，以及(ii)公司于 可换股债券全数转换后经扩大的已发行H股总数30.25%及经扩大的已发行股本总数7.22%。转换股份将 属缴足及在所有方面与公司于相关登记日期时的已发行H股享有同等地位。 经办人于2026年1月28日(交易时段后)进行簿记建档后，厘定了可换股债券的最终条款，包括但不限于 本金额与初始转股价格。 ...

可换股债券可以依据其条款及条件所载的情况转换为H股，初始转股价格为每股H股港元10.02(可予调 整)。 假设可换股债券全部按每股H股10.02港元的初始转股价格进行转换，可换股债券将可转换为约6.73亿股 H股，约相当于(i)公司于本公告日期的已发行H股总数43.36%及已发行股本总数7.78%，以及(ii)公司于 可换股债券全数转换后经扩大的已发行H股总数30.25%及经扩大的已发行股本总数7.22%。转换股份将 属缴足及在所有方面与公司于相关登记日期时的已发行H股享有同等地位。 中联重科（000157）(01157)发布公告，2026年1月29日(交易时段前)，公司与经办人订立《认购协 议》，据此，公司已经同意向经办人或按其指示发行可换股债券，而经办人已经各别(并非共同)同意按 《认购协议》若干条款，认购本金人民币60亿元(按固定汇率换算，约等同67.45亿港元)可换股债券并支 付其价款，或促使认购人认购可换股债券并支付其价款。 经办人于2026年1月28日(交易时段后)进行簿记建档后，厘定了可换股债券的最终条款，包括但不限于 本金额与初始转股价格。 ...

Group 1 - During the "14th Five-Year Plan" period, Hunan's capital market has achieved significant breakthroughs in nurturing listed companies, optimizing sector structure, gathering innovative momentum, and fulfilling social responsibilities, thereby injecting strong vitality into the province's economic and social development [1] - The number of A-share listed companies in Hunan increased from 116 at the end of 2020 to 146 by the end of 2025, with a total market value reaching 1.89 trillion yuan, a 7.5% increase from 2020 [2] - In 2024, Hunan's listed companies generated operating income of 899.77 billion yuan, accounting for 16.9% of the provincial GDP, and achieved a net profit of 42.01 billion yuan, representing 19.2% of the industrial profits in the province [2] Group 2 - By the end of 2024, there were 93 manufacturing listed companies in Hunan, accounting for nearly 70% of the total number of listed companies, with a total tax contribution of 27.036 billion yuan [3] - The capital market structure in Hunan has been continuously optimized, with strategic emerging industries becoming new growth engines, as evidenced by 13 out of 14 newly listed companies belonging to these sectors [4] - The "Changsha-Zhuzhou-Xiangtan" urban agglomeration remains the core area for listed companies, with Changsha leading with 86 companies, nearly 60% of the total [4] Group 3 - Hunan's listed companies have actively expanded overseas, achieving overseas revenue of 157.573 billion yuan in 2024, which accounts for 17.51% of total revenue, marking an 86.85% increase since 2020 [5] - R&D investment by Hunan's listed companies reached 32.34 billion yuan in 2024, with an overall R&D intensity of 3.6%, surpassing the national average of 2.1% [6] - The number of patents held by Hunan's listed companies reached 44,312 by the end of 2024, a 48.4% increase from 29,860 in 2020, with significant achievements in key sectors [7] Group 4 - Hunan's listed companies have actively fulfilled social responsibilities, with 88 companies implementing cash dividends totaling over 22.7 billion yuan in 2024, a 130% increase from 2020 [8] - The disclosure of ESG reports by Hunan's listed companies increased by 182.35%, with over half publishing independent reports in 2024 [8] - Hunan's capital market has experienced leapfrog development during the "14th Five-Year Plan," with listed companies enhancing their core competitiveness and contributing to high-quality economic development [9]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，不構成提出收購、購買或認購證券的邀請或要約，也不構成訂立協議以進行 該等事宜的邀請，亦不應視為提出收購、購買或認購任何證券的邀請。 本公告不得直接或間接分派於或予美國境內（包括其領地和屬地、美國任何州和哥倫比亞特 區）。本公告及其所載的資料不構成或成為在美國購買、認購或出售證券的要約、邀請或邀 約的一部份。本公告所述的證券既沒有、也不會根據《1933年美國證券法》（經修訂）（「《證券 法》」）登記，除非獲豁免遵守《證券法》的登記規定，或交易不受制於該等登記規定，否則不得 在美國境內發售或出售該等證券。本公告所述的證券依據《證券法》的《S規例》在美國境外發售 及出售。在美國或其他被限制或禁止公開發售本公告所述證券的司法管轄區，不會且將不會進 行該等發售。本公告或其所載的資料不應被視為徵收任何資金、證券或其他對價的邀請，如果 發送資金、證券或任何對價以回應本公告或其所載的資料，將不被接受。 ...

Investment Rating - The industry maintains a "Positive" rating, with specific companies recommended for "Increase" ratings: Zhonglian Heavy Industry (000157), Hengli Hydraulic (601100), Jiechang Drive (603583), and Haomai Technology (002595) [4][34]. Core Insights - The construction machinery sector is experiencing a recovery in demand due to the rollout of key projects and favorable policies for large-scale equipment updates. Excavator sales in 2025 are projected to reach 235,300 units, a year-on-year increase of 17% [4]. - In the robotics sector, the humanoid robot industry remains vibrant, with significant events such as the upcoming release of Tesla's Optimus 3. The year 2026 is seen as a critical development period for the industry, with several companies pursuing IPOs [4]. - The tower crane utilization rate in December 2025 was reported at 55.1%, indicating a slight decrease from the previous month [12]. Industry News - In December 2025, the profit growth for industrial enterprises above designated size was 0.6%, with total profits amounting to 73,982 billion [12]. - The tower crane rental price index was recorded at 496.52 points, down 5.65 points from the previous month [12]. Company Announcements - Jiechang Drive announced a projected net profit increase of 40.00% to 55.00% for 2025, with expected profits between 394.77 million and 437.06 million [24]. - Aiko Optoelectronics forecasted a staggering net profit growth of 262.52% to 345.20% for 2025, with profits expected to range from 57 million to 70 million [25].

Group 1 - The core viewpoint of the news is that Zhonglian Heavy Industry's stock has experienced fluctuations, with a recent decline of 2.17% and a total market capitalization of 742.04 billion yuan [1] - As of January 28, the stock price is reported at 8.58 yuan per share, with a trading volume of 1.71 billion yuan and a turnover rate of 0.28% [1] - The company has seen a year-to-date stock price increase of 1.78%, with a 4.45% decline over the last five trading days [1] Group 2 - Zhonglian Heavy Industry reported a revenue of 371.56 billion yuan for the period from January to September 2025, reflecting a year-on-year growth of 8.06% [2] - The net profit attributable to shareholders for the same period was 39.20 billion yuan, showing a year-on-year increase of 24.89% [2] - The company has distributed a total of 306.10 billion yuan in dividends since its A-share listing, with 97.43 billion yuan distributed over the last three years [3] Group 3 - The company is primarily engaged in the research, manufacturing, sales, and service of construction machinery and agricultural machinery, with key revenue contributions from various segments [1] - The main business revenue breakdown includes: 33.69% from lifting machinery, 19.59% from concrete machinery, and 17.27% from earth-moving machinery [1] - As of September 30, 2025, the number of shareholders decreased by 9.85% to 236,400, with an average of 0 circulating shares per person [2][3]