证券代码：000157 证券简称：中联重科 公告编号：2024-042 号 中联重科股份有限公司 2024 年度第一次临时股东大会决议公告 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。 特别提示： 4、召开方式：现场投票和网络投票方式相结合 1、本次股东大会无否决议案的情形。 （一）会议召开情况 1、现场会议召开时间：2024 年 10 月 9 日 14:30 5、召集人：董事会 2、网络投票时间： 通过深圳证券交易所系统进行网络投票的具体时间为：2024 年 10 月 9 日上午 9:15—9:25，9:30-11:30，下午 13:00—15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为：2024 年 10 月 9 日 9:15 至 15:00 期间的任意时间。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 3、召开地点：长沙市银盆南路361号公司办公楼二楼多功能会议厅 一、会议召开和出席情况 1 | | | 参加会议的 A | | 占公司有表 | 参加会 议的 H | | 占公司有表 | | --- | --- | --- | -- ...

FANGDA PARTNERS http://www.fangdalaw.com 中国北京市朝阳区光华路 1 号 电子邮件 E-mail: email@fangdalaw.com 北京嘉里中心北楼 27 层 电 话 Tel.: 86-10-5769-5600 邮政编码：100020 传 真 Fax: 86-10-5769-5788 27/F, North Tower, Beijing Kerry Centre 1 Guanghua Road, Chaoyang District Beijing 100020, PRC 上海市方达（北京）律师事务所 关于中联重科股份有限公司 2024 年度第一次临时股东大会的法律意见书 致：中联重科股份有限公司 上海市方达（北京）律师事务所（以下简称"本所"）是具有中华人民共和国 法律执业资格的律师事务所。根据相关法律顾问协议，本所指派律师出席中联重 科股份有限公司（以下简称"公司"）2024 年度第一次临时股东大会（以下简称"本 次股东大会"），并就本次股东大会的召集和召开程序、参与表决和召集会议人员 的资格、表决程序和表决结果等有关事宜出具本法律意见书。 本法律意见书依据《 ...

Investment Rating - The investment rating for the company is "Buy - A" with a 12-month target price of 8.82 CNY, compared to the current stock price of 7.58 CNY [6]. Core Insights - The company is positioned as a leading player in the engineering machinery industry, leveraging a mixed ownership structure to enhance its governance and operational efficiency. The innovative "end-to-end" direct sales model has been pivotal in driving growth in both domestic and international markets [2][3][4][5]. Summary by Sections 1. Top-Level Structure - The company completed its mixed ownership reform in 2012, establishing a diversified equity structure that includes state-owned, foreign, management, and strategic investors. As of mid-2024, the Hunan Provincial State-owned Assets Supervision and Administration Commission holds 14.48% of the shares, while management and employees collectively own 20.25% [3][44]. - The board of directors is balanced, comprising representatives from management, state capital, strategic investors, and independent directors, which fosters a modern governance mechanism that aligns the interests of various stakeholders [3][50]. 2. Business Model - The company has developed an "end-to-end, digital, localized" direct sales system, initially implemented in the domestic market and later adapted for international markets. This model has facilitated direct connections between headquarters and customers, leading to improved profitability and asset quality [4][5]. - In 2023, the gross margin for overseas business reached 32.23%, indicating strong profitability compared to industry peers. The sales expense ratio was 7.56%, reflecting controlled costs associated with the direct sales model [4]. 3. Business Landscape - The company has seen significant growth in its international operations, with overseas revenue increasing from 3.83 billion CNY in 2020 to 17.905 billion CNY in 2023, representing a CAGR of 67.18%. In the first half of 2024, overseas revenue grew by 43.9%, accounting for 49.11% of total revenue [5][9]. - The company is actively expanding into emerging strategic businesses, including earth-moving machinery, aerial work platforms, agricultural machinery, and mining machinery, with notable revenue growth in these segments [9][10]. 4. Financial Forecast and Investment Recommendations - Revenue projections for 2024-2026 are estimated at 50.27 billion CNY, 58.56 billion CNY, and 68.70 billion CNY, with corresponding net profits of 4 billion CNY, 5.43 billion CNY, and 6.7 billion CNY. The expected growth rates for revenue and net profit are 6.8%, 16.5%, and 17.3% for revenue, and 14.2%, 35.7%, and 23.3% for net profit, respectively [9][10]. - The company is expected to benefit from a recovery in industry demand and the growth of its emerging business segments, supported by its direct sales model, which enhances its international market expansion capabilities [9][10].

中联重科股份有限公司 关于持股 5%以上股东股份质押及解除质押的公告 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"、"本公司"）于近 日收到股东长沙中联和一盛投资合伙企业（有限合伙）（以下简称"和 一盛投资"）的通知，获悉其所持本公司的部分股份办理了质押及解 除质押相关手续，具体情况如下： 证券代码：000157 证券简称：中联重科 公告编号：2024-041 号 下： | | | | | | | | 已质押股份 | | 未质押股份 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股 | | | 本次质押前 | 本次质押后 | 占其所 | 占公司 | 情况 | | 情况 | | | 东 | 持股数量 | 持股 | | | | | 已质押 | | 未质押 | | | 名 | （股） | 比例 | 质押股份数 | 质押股份数 | 持股份 | 总股本 | 股份限 | 占已质 | 股份限 | 占未质 | | | | | 量（股） ...

Group 1: Event Announcement - Zhonglian Heavy Industry Co., Ltd. will participate in the "2024 Online Collective Reception Day for Investors in Hunan" on October 10, 2024 [2] - The event will be held online from 14:00 to 17:00, allowing investors to engage through the "Panorama Roadshow" website, WeChat, or the Panorama Roadshow APP [2] Group 2: Communication Focus - Company executives will address investor concerns regarding company performance, governance, development strategy, and operational status during the event [2] - The company encourages active participation from investors to enhance interaction and communication [2] Group 3: Assurance of Information Disclosure - The company and its board guarantee the authenticity, accuracy, and completeness of the disclosed information, ensuring no false statements or significant omissions [2]

Financial Performance - Revenue for the first half of 2024 reached RMB 24,535,498,960.57, representing a 1.91% increase compared to RMB 24,075,171,438.22 in the same period last year[12] - Net profit attributable to shareholders was RMB 2,288,046,921.87, marking a 12.15% increase from RMB 2,040,104,177.20 year-on-year[12] - The net profit excluding non-recurring gains and losses decreased by 12.35% to RMB 1,479,991,356.91 from RMB 1,688,492,820.41 in the previous year[12] - Basic earnings per share increased to RMB 0.28, up 12.00% from RMB 0.25 in the same period last year[12] - The total comprehensive income for the period was RMB 2,020 million, compared to RMB 2,256 million in the previous year[16] - The company reported a diluted earnings per share of RMB 0.27, an increase of 8.00% from RMB 0.25 in the same period last year[12] - The company achieved operating revenue of RMB 24.535 billion in the first half of 2024, representing a year-on-year increase of 1.91%[21] - Net profit attributable to shareholders reached RMB 2.288 billion, an increase of 10.94% compared to the previous period[19] - The total comprehensive income reported under Chinese GAAP for the six months ended June 30, 2024, is RMB 2.028 billion, compared to RMB 2.239 billion for the same period in 2023[164] Assets and Liabilities - Total assets at the end of the reporting period were RMB 130,690,024,506.75, a slight decrease of 0.13% from RMB 130,862,389,408.99 at the end of the previous year[13] - Net assets attributable to shareholders decreased by 1.00% to RMB 55,842,461,346.07 from RMB 56,407,020,348.19 at the end of the previous year[13] - The company’s leverage ratio was reported at 55.00% as of June 30, 2024, slightly up from 54.80% at the end of 2023[18] - The total equity attributable to shareholders was RMB 55,807 million, a decrease from RMB 56,371 million at the end of 2023[81] - The company’s total equity as of June 30, 2024, was RMB 58,788 million, a decrease from RMB 59,131 million at the start of the year[86] Cash Flow - Cash flow from operating activities was RMB 824,534,396.52, down 11.45% from RMB 931,174,530.98 in the previous year[12] - The net cash generated from operating activities for the six months ended June 30, 2024, was RMB 676 million, primarily due to a pre-tax profit of RMB 2.857 billion after adjustments for interest expenses of RMB 320 million and depreciation and amortization of RMB 679 million[46] - The net cash used in investing activities for the same period was RMB 1.441 billion, which included proceeds from the disposal of financial assets at fair value of RMB 1.061 billion and interest income of RMB 149 million[47] - The net cash generated from financing activities was RMB 758 million, mainly from new bank borrowings of RMB 5.952 billion and repayment of bank borrowings of RMB 4.801 billion[48] Market Performance - The company’s overseas revenue grew significantly by over 39.2% in the first half of 2024, indicating a diversification in international market presence[28] - The sales scale of agricultural machinery increased by over 112% year-on-year, with the company maintaining a leading position in the domestic market for certain products[26] - The concrete machinery, engineering hoisting machinery, and construction hoisting machinery segments maintained a solid domestic market position while enhancing overseas market scale[23] - The sales scale of earthmoving machinery grew by over 16% year-on-year, supported by a comprehensive product lineup[24] - Emerging businesses, including mining machinery and emergency equipment, saw sales growth exceeding 26% in the first half of 2024[27] Digital Transformation and Innovation - The company is focusing on digitalization, intelligence, and green transformation to enhance its competitive edge and foster new growth points[21] - The company has launched 361 new main products, with 114 achieving domestic leading and international advanced technical levels, including 22 new energy products[34] - The company has implemented 71 digitalization projects, with 11 achieving prototype validation, enhancing product competitiveness through digital technology[36] - The company is accelerating its digital transformation by adopting internet thinking to reshape management and business models[200] - The digital system enables the company to directly address the real needs of global customers, enhancing R&D innovation and product iteration[200] Shareholder Information - The total number of shares as of the reporting date was 8,677,992,236, with 99.71% being unrestricted shares[58] - The largest shareholder, HKSCC NOMINEES LIMITED, holds 18.19% of the shares, totaling 1,578,273,711 shares[59] - Hunan Xingshang Investment Holding Group Co., Ltd. owns 14.48% of the shares, amounting to 1,256,337,046 shares[59] - The employee stock ownership plan (Phase II) holds 4.89% of the shares, equivalent to 423,956,766 shares[61] - The total number of shares held by the top five shareholders represents approximately 51.70% of the total issued shares[59] Employee and Governance - As of June 30, 2024, the total number of employees was 31,430, with no significant changes in employee numbers or compensation policies compared to the 2023 annual report[49] - The board of directors did not recommend the distribution of an interim dividend for the period[50] - The company has complied with the Corporate Governance Code and has no significant deviations from the applicable provisions during the reporting period[54] Research and Development - The company applied for nearly 900 global patents during the reporting period, a 26.1% increase year-on-year, with 463 invention patents accounting for 56.3% of the total[40] - Research and development expenses were RMB 1,306 million, a decrease of 17.6% from RMB 1,585 million in the same period of 2023[97] Financial Instruments and Risks - The company has strengthened risk control measures, implementing an end-to-end management system to monitor risks at every customer and order level[41] - The company monitors the credit status of customers receiving loans and advances to mitigate risk concentration[122] - The maximum loss exposure related to bank acceptance bills endorsed to suppliers was RMB 1.266 billion as of June 30, 2024, down from RMB 1.998 billion as of December 31, 2023[120]

中联重科股份有限公司 关于召开 2024 年度第一次临时股东大会的通知 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年度第一次临时股东大会 （二）股东大会的召集人：公司董事会 《关于召开公司2024年度第一次临时股东大会的提案》经公司 2024年9月19日召开的第七届董事会2024年度第四次临时会议审议 通过。 （三）会议召开的合法、合规性 证券代码：000157 证券简称：中联重科 公告编号：2024－039 号 公司2024年度第一次临时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10月9日14:30 2、网络投票时间： 通过深圳证券交易所交易系统进行网络投票的具体时间：2024 年10月9日上午9:15—9:25，9:30-11:30，下午13:00—15:00； 通过深圳证券交易所互联网投票系统投票的具体时间：2024年 10月9日9:15至15 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1]. Core Insights - The company, Zoomlion Heavy Industry Science and Technology Co., Ltd., is a leading player in the domestic engineering machinery sector, with a diversified product line and successful global expansion [2][15]. - In 2023, the company achieved a total revenue of 47.075 billion yuan, representing a year-on-year growth of 13.08%, and a net profit attributable to shareholders of 3.506 billion yuan, up 52.04% year-on-year [2][15]. - The report highlights the company's strong performance in traditional businesses while emphasizing the growth potential in emerging sectors such as high-altitude machinery, excavators, agricultural machinery, and mining machinery [2][3][6]. Summary by Sections 1. Company Overview - Zoomlion is recognized as a domestic engineering machinery giant, with a product range that includes 18 categories, 105 series, and 636 models, focusing on high-tech equipment and new building materials [15][17]. - The company has undergone significant development phases since its establishment in 1992, including listing on the A-share market and expanding its global footprint through acquisitions and partnerships [15][16]. 2. Business Performance - Traditional products like cranes and concrete machinery continue to show stable growth, while new businesses are emerging as new growth drivers [2][3]. - The crane business generated revenue of 19.291 billion yuan in 2023, with a slight year-on-year increase of 1.64%, while its gross margin improved by 8.13 percentage points to 31.04% [2][3]. - The concrete machinery segment reported revenue of 8.598 billion yuan, with a gross margin of 22.92%, reflecting a recovery [2][3]. 3. Emerging Business Segments - High-altitude machinery revenue reached 5.707 billion yuan in 2023, growing 24% year-on-year, positioning the company as a leader in this segment [3]. - The earth-moving machinery segment, primarily excavators, saw a remarkable revenue increase of 89.32% to 6.648 billion yuan, with a focus on high-value mid-to-large excavators [3][6]. - Agricultural machinery revenue was 2.092 billion yuan, with a gross margin of 11.74%, indicating a strategic focus on smart agriculture [6][17]. 4. Market Outlook - The domestic engineering machinery market is expected to stabilize and potentially recover in 2024-2025, driven by policy support and demand for equipment upgrades [7]. - The overseas market presents significant growth opportunities, with the company leveraging its end-to-end digital sales system and local production capabilities to enhance its global presence [7][11]. 5. Financial Projections - The report forecasts that the company's total revenue will reach 56.180 billion yuan in 2024, with a growth rate of 19.3%, and net profit attributable to shareholders will be 4.543 billion yuan, reflecting a growth rate of 29.6% [8][9].

证券代码：000157 证券简称：中联重科 公告编号：2024－037 号 中联重科股份有限公司 第七届监事会 2024 年度第三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。 一、监事会会议召开情况 1、中联重科股份有限公司（以下简称"公司"、"上市公司"或"中 联重科"）第七届监事会 2024 年度第三次临时会议（以下简称"本次 会议"）通知已于 2024 年 9 月 10 日以电子邮件方式向全体监事发出。 2、本次会议于 2024 年 9 月 19 日以通讯表决的方式召开。 1 下简称"路畅科技"）重组的方式实现重组上市（以下简称"本次分 拆"、"本次交易"）。 自筹划本次分拆以来，公司及相关各方积极推进各项工作，按照 相关规定履行信息保密及披露义务。公司第六届董事会 2023 年度第 一次临时会议、第七届董事会 2023 年度第一次临时会议及 2023 年第 一次临时股东大会审议通过了《关于分拆所属子公司湖南中联重科智 能高空作业机械有限公司重组上市方案的议案》等与本次分拆相关的 议案。公司已就本次分拆分别与路畅科技、中联高机及中联 ...

证券代码：000157 证券简称：中联重科 公告编号：2024－036 号 中联重科股份有限公司 第七届董事会 2024 年度第四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。 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"、"上市公司"或"中 联重科"）第七届董事会 2024 年度第四次临时会议（以下简称"本次 会议"）通知已于 2024 年 9 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 9 月 19 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《中华人民共和国公司法》（以下简称《" 公 司法》"）及《中联重科股份有限公司章程》（以下简称"《公司章程》"） 的有关规定。 二、董事会会议审议情况 （一）审议通过了《关于终止分拆所属子公司湖南中联重科智能 高空作业机械有限公司重组上市的议案》 公司拟分拆所属子公司湖南中联重科智能高空作业机械有限公 司（以下简 ...