证券代码：000157 证券简称：中联重科 公告编号：2024-047 号 中联重科股份有限公司 第七届董事会 2024 年度第六次临时会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 1、审议通过了《公司 2024 年第三季度报告》 审议结果：表决票 7 票，赞成票 7 票，反对票 0 票，弃权票 0 票 《公司 2024 年第三季度报告》于 2024 年 10 月 31 日在巨潮资 讯网披露。（公告编号：2024-048） 2、审议通过了《关于聘任高级管理人员的议案》 根据《公司章程》有关规定、公司实际需要及公司首席执行官的 1 一、董事会会议召开情况 1、中联重科股份有限公司（以下简称"公司"）第七届董事会 2024 年度第六次临时会议（以下简称"本次会议"）通知已于 2024 年 10 月 21 日以电子邮件方式向全体董事发出。 2、本次会议于 2024 年 10 月 30 日以通讯表决的方式召开。 3、公司董事詹纯新先生、贺柳先生、王贤平先生、张成虎先生、 黄国滨先生、吴宝海先生、黄珺女士以通讯方式对会议议案进行了表 决。 4、本次会议的 ...

证券代码：000157 证券简称：中联重科 公告编号：2024－046 号 中联重科股份有限公司 关于召开 2024 年度第二次临时股东大会、A 股类别 股东大会和 H 股类别股东大会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、召开会议的基本情况 （一）股东大会届次：2024年度第二次临时股东大会、A股类 别股东大会和H股类别股东大会 （二）股东大会的召集人：公司董事会 （五）会议的召开方式 本次股东大会采取会议现场投票和网络投票相结合的方式召 开。 《关于召开公司2024年度第二次临时股东大会、A股类别股东 大会和H股类别股东大会的提案》经公司2024年10月17日召开的第 七届董事会2024年度第五次临时会议审议通过。 （三）会议召开的合法、合规性 公司2024年度第二次临时股东大会、A股类别股东大会和H股类 别股东大会的召开符合有关法律、行政法规、部门规章、规范性文 件、深圳证券交易所《股票上市规则》和《中联重科股份有限公司 章程》的规定。 （四）股东大会召开的日期、时间 1、现场会议召开时间：2024年11月11日14:30 2、网络投 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [8][26]. Core Views - The company plans to repurchase and cancel part of its H shares, which is expected to enhance per-share value and improve shareholder returns [5]. - The company's performance is anticipated to continue growing, driven by a recovery in industry sales and an increase in emerging business segments [6][7]. - The company is positioned as a leader in the engineering machinery industry, with significant competitive advantages in crane and concrete machinery [26]. Summary by Sections Company Overview - The company announced a plan to repurchase H shares to enhance investor confidence and increase earnings per share [5]. Industry Performance - In September, the sales of major products showed signs of improvement, with excavators increasing by 10.8%, while other categories experienced varying declines [6]. - The real estate sector is stabilizing, with a slight recovery in sales area and investment completion rates [6]. Financial Projections - Revenue projections for 2024-2026 are estimated at 501.1 billion, 557.2 billion, and 635.7 billion yuan, with year-on-year growth rates of 6.4%, 11.2%, and 14.1% respectively [8][10]. - Net profit is expected to reach 42.1 billion, 51.9 billion, and 65.1 billion yuan for the same period, reflecting growth rates of 20.1%, 23.3%, and 25.3% [8][10]. Emerging Business Growth - The company is rapidly expanding its emerging business segments, with significant growth in earthmoving machinery and high-altitude equipment, contributing to a 20% increase in revenue for earthmoving machinery [7][26]. - The share of emerging business revenue has increased to 40% of total revenue, up from 31.7% in 2023 [7]. Valuation Metrics - The report indicates a price-to-earnings ratio of 14.3, 11.6, and 9.2 for the years 2024, 2025, and 2026 respectively, suggesting a favorable valuation compared to historical performance [8][10].

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company plans to repurchase up to 10% of its H shares for cancellation, which is expected to enhance earnings per share and improve investor returns, thereby boosting investor confidence [4] - The company is positioned to benefit from a gradual recovery in infrastructure and real estate sectors, supported by loose monetary and fiscal policies [4] - The company has seen significant growth in overseas markets, with overseas revenue increasing by 43.9% year-on-year in the first half of 2024, outpacing domestic revenue which declined by 20.5% [5] - The company is diversifying its product offerings in emerging sectors such as earthmoving machinery, agricultural machinery, and aerial work platforms, which are expected to enhance its competitive edge [6] - The profit forecast for the company is set at 45.06 billion, 56.27 billion, and 68.81 billion yuan for 2024, 2025, and 2026 respectively, with corresponding P/E ratios of 13x, 10x, and 8x [6] Financial Summary - Total revenue for 2022 was 41.631 billion yuan, with a projected increase to 55.117 billion yuan in 2024, reflecting a year-on-year growth of 17.08% [2] - The net profit attributable to the parent company is expected to rise from 3.506 billion yuan in 2023 to 4.506 billion yuan in 2024, representing a growth rate of 28.52% [2] - The latest diluted EPS is projected to increase from 0.40 yuan in 2023 to 0.52 yuan in 2024 [2] - The company's gross margin is expected to improve from 27.54% in 2023 to 28.40% in 2024 [12]

Investment Rating - The report maintains a "Buy" rating for the company, expecting a price increase of 5% to 15% over the next 6 to 12 months [10]. Core Insights - The company announced a share buyback plan to enhance earnings per share and demonstrate confidence in long-term performance [3][4]. - The company reported significant revenue growth in various machinery segments, with excavators and high machines showing increases of 19.89% and 17.75% year-on-year, respectively [4]. - The diversification of revenue sources is evident, with a reduction in reliance on traditional markets, as the share of revenue from the three main grain regions has decreased to around 36% [4]. - The company is focused on high-quality development, with improvements in accounts receivable, inventory, and a decrease in the debt-to-asset ratio [4]. Summary by Sections Financial Performance - The company expects revenues of 50.93 billion, 62.80 billion, and 75.76 billion RMB for 2024, 2025, and 2026, respectively, with net profits projected at 3.89 billion, 5.19 billion, and 6.65 billion RMB [4][7]. - The diluted earnings per share are forecasted to be 0.449, 0.598, and 0.767 RMB for the years 2024, 2025, and 2026 [7]. Operational Analysis - The company plans to repurchase up to 10% of its issued H shares, which will be fully canceled, thereby increasing earnings per share and shareholder returns [4]. - The company has achieved a reduction in accounts receivable and inventory, indicating improved asset quality [4]. Market Position - The company has successfully diversified its market presence, achieving breakthroughs in developed markets such as the EU and North America [4]. - The report highlights the company's commitment to a diversified product strategy, which has helped mitigate cyclical impacts [4].

Investment Rating - The report maintains a "Buy-A" investment rating for the company [2][3] Core Views - The company's share buyback plan is expected to enhance shareholder returns and increase investment value by reducing total share capital and improving earnings per share [1] - Domestic demand is anticipated to recover due to government policies, while the company is expected to maintain strong export growth, particularly in emerging markets [1] - The company is projected to achieve revenue growth of 6.8%, 16.5%, and 17.3% for the years 2024, 2025, and 2026, respectively, with net profit growth of 14.2%, 35.7%, and 23.3% during the same period [2] Financial Projections - Revenue estimates for 2024, 2025, and 2026 are 502.7 billion, 585.6 billion, and 687 billion, respectively [2][9] - Net profit estimates for the same years are 40 billion, 54.3 billion, and 67 billion, respectively [2][9] - The projected price-to-earnings (PE) ratios for 2024, 2025, and 2026 are 15.5X, 11.4X, and 9.2X, respectively [2] Market Performance - The company's market capitalization is approximately 58.32 billion, with a circulating market value of about 47.51 billion [3] - The stock price as of October 17, 2024, is 6.72 yuan, with a 12-month price range of 5.75 to 9.35 yuan [3] Business Dynamics - The company is expected to benefit from a solid market share in traditional businesses and growth from emerging sectors such as earthmoving, aerial, agricultural, and mining machinery [2] - The "end-to-end" direct sales model is aiding the company in expanding its international market presence [2]

中联重科股份有限公司（以下简称"公司"）于2024年10月17 日召开的第七届董事会2024年度第五次临时会议审议通过了《关于 回购部分H股一般性授权的议案》，该议案尚需提交股东大会审议批 准。现将相关情况公告如下： 证券代码：000157 证券简称：中联重科 公告编号：2024－045 号 中联重科股份有限公司 关于回购部分H股一般性授权的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 （2）开立境外股票账户并办理相应外汇变更登记手续； （3）根据监管机构和本公司上市地的要求，履行相关的批准程 序。向相关监管部门备案（如需要）； （4）办理注销回购股份以及签署及办理其他与回购股份相关的 文件及事宜。 授权有效期（"有效期"）将于下列日期中之较早日期届满： 为更好地维护广大投资者利益，进一步增强投资者对本公司的 投资信心，中联重科股份有限公司（以下简称"本公司"、"公 司"）结合自身财务状况和经营状况，计划在合适时机回购部分H 股，回购的股份将全部予以注销，进而增厚本公司每股收益，切实 提高股东的投资回报。因此，董事会提请股东大会批准及授权本公 司董事会 ...

证券代码：000157 证券简称：中联重科 公告编号：2024－044 号 中联重科股份有限公司 第七届董事会 2024 年度第五次临时会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 1 审议结果：表决票 7 票，赞成票 7 票，反对票 0 票，弃权票 0 票 本议案尚需提交公司股东大会审议。 一、董事会会议召开情况 1、中联重科股份有限公司（以下简称"公司"）第七届董事会 2024 年度第五次临时会议（以下简称"本次会议"）通知已于 2024 年 10 月 10 日以电子邮件方式向全体董事发出。 2、本次会议于 2024 年 10 月 17 日以通讯表决的方式召开。 3、公司董事詹纯新先生、贺柳先生、王贤平先生、张成虎先生、 黄国滨先生、吴宝海先生、黄珺女士以通讯方式对本次会议议案进行 了表决。 4、本次会议的召开符合《公司法》及《公司章程》的有关规定。 二、董事会会议审议情况 1、审议通过了《关于回购部分 H 股一般性授权的议案》 为更好地维护广大投资者利益，进一步增强投资者对本公司的投 资信心，公司结合自身财务状况和经营状况，计划在合适时机 ...

证券代码：000157 证券简称：中联重科 公告编号：2024－043 号 中联重科股份有限公司 关于第二期核心经营管理层持股计划第一个锁定期届满 暨解锁条件成就的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 中联重科股份有限公司（以下简称"公司"或"本公司"）第二期核心 经营管理层持股计划（以下简称"持股计划"或"本持股计划"）的第一个 锁定期已届满，解锁条件已成就。根据中国证券监督管理委员会（以下简称 "中国证监会"）《关于上市公司实施员工持股计划试点的指导意见》《深 圳证券交易所上市公司自律监管指引第1号——主板上市公司规范运作》等 相关规定，现将相关情况公告如下： 一、本持股计划的基本情况 （一）本持股计划的批准与实施 公司于 2023 年 8 月 30 日召开第七届董事会第二次会议及第七届监事 会第二次会议，并于 2023 年 9 月 27 日召开 2023 年度第二次临时股东大 会，会议审议通过了《中联重科股份有限公司第二期核心经营管理层持股 计划（草案）》《中联重科股份有限公司第二期核心经营管理层持股计划管 理规则》等与本持股计划相关的议 ...

证券代码： 000157/1157 证券简称：中联重科 中联重科股份有限公司投资者关系活动记录表 编号：2024-07 | --- | --- | --- | |-------------------------|---------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | □ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | √ 业绩说明会 | | | □ 新闻发布会 □ 现场参观 | □ 路演活动 | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位名称及 人员姓名 | 投资者网上提问 | | | 时间 | 2024 年 10 月 10 日 ( | ...