重组上市 北京市环球律师事务所 关于 中联重科股份有限公司分拆所属子公司 湖南中联重科智能高空作业机械有限公司 重组上市 之 补充法律意见书（二） 释 义 本补充法律意见书中，除非根据上下文另作解释，下列简称及术语具有如 下含义： | 中联重科、上市 | 指 | 中联重科股份有限公司 | | | | --- | --- | --- | --- | --- | | 公司 | | | | | | 中联高机 | 指 | 湖南中联重科智能高空作业机械有限公司 | | | | 路畅科技 | 指 | 深圳市路畅科技股份有限公司 | | | | 新一盛 | 指 | 长沙新一盛企业管理合伙企业（有限合伙） | | | | 中联和盛 | 指 | 中联和盛投资控股有限公司 | | | | 智诚高盛 | 指 | 长沙智诚高盛企业管理合伙企业（有限合伙） | | | | 智诚高新 | 指 | 长沙智诚高新企业管理合伙企业（有限合伙） | | | | 智诚高达 | 指 | 长沙智诚高达企业管理合伙企业（有限合伙） | | | | 中联产业基金 | 指 | 北京中联重科产业投资基金合伙企业（有限合伙） | | | | 本次分拆、本次 | ...

证券代码：000157.SZ、1157.HK 证券简称：中联重科 中联重科股份有限公司 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 重组上市的预案（三次修订稿） 独立财务顾问 签署日期：二〇二四年四月 | 目 求…… | | --- | | 释 ＼ | | 公司声明… | | 相关证券服务机构声明 | | 重大事项提示 . | | 一、本次分拆方案简介 . | | 二、本次分拆重组上市具体方案………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 10 | | 三、本次分拆重组上市对公司的影响………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………20 | | 四、本次分拆对各方股东特别是中小股东、债权人和其他利益相关方的影响..21 | | 五、本次分拆的决策过程……………………………………………………………………………………………… ...

分拆所属子公司 中国国际金融股份有限公司 关于 中联重科股份有限公司 湖南中联重科智能高空作业机械有限公司 重组上市之独立财务顾问核查意见 独立财务顾问 二〇二四年四月 中国国际金融股份有限公司 关于中联重科股份有限公司分拆所属子公司 湖南中联重科智能高空作业机械有限公司重组上市之独立财务顾 问核查意见 根据中国证券监督管理委员会（以下简称"中国证监会"）《上市公司分拆规则（试 行）》（以下简称"《分拆规则》"），以及中联重科股份有限公司（以下简称"中联重科"、 "上市公司"、"公司"）于 2023 年 2 月 5 日召开的第六届董事会 2023 年度第一次临时 会议审议通过的《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 市的议案》《关于<中联重科股份有限公司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的预案>的议案》等，于 2023 年 7 月 10 日召开的第七届董事 会 2023 年度第一次临时会议审议通过的《关于<中联重科股份有限公司关于分拆所属 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的预案（修订稿）>的议案》 等，以及于 2024 年 2 月 21 ...

关于中联重科股份有限公司分拆所属子公司 湖南中联重科智能高空作业机械有限公司 重组上市说明的会计师专项报告 KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 +86 (10) 8518 5111 Fax Internet kpmg.com/cn 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街1号 东方广场毕马威大楼8层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 我们以后附的《毕马威华振会计师事务所（特殊普通合伙）就中联重科股份有限公司分拆 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说明的专项意见》所述管理层的 说明为依据，按照《分拆规则》的规定对中联重科就分拆上市说明中的相关问题，执行了核查 程序并提供我们的意见。需要说明的是，公司在分拆上市说明中引述的中联重科 2021 年度财 务数 ...

Financial Performance - In 2023, the operating revenue reached RMB 47.07 billion, an increase of 13.08% compared to RMB 41.63 billion in 2022[9]. - The net profit attributable to shareholders was RMB 3.51 billion, reflecting a significant growth of 52.04% from RMB 2.31 billion in the previous year[9]. - The net profit after deducting non-recurring gains and losses surged by 109.51% to RMB 2.71 billion, up from RMB 1.29 billion in 2022[9]. - The cash flow from operating activities amounted to RMB 2.71 billion, an increase of 11.87% compared to RMB 2.42 billion in 2022[9]. - The total assets at the end of 2023 were RMB 130.86 billion, representing a 5.92% increase from RMB 123.55 billion at the end of 2022[9]. - The net assets attributable to shareholders increased by 3.04% to RMB 56.41 billion, compared to RMB 54.74 billion at the end of 2022[9]. - The basic earnings per share rose to RMB 0.43, a 59.26% increase from RMB 0.27 in 2022[9]. - The diluted earnings per share also increased by 55.56% to RMB 0.42 from RMB 0.27 in the previous year[9]. - The weighted average return on equity improved to 6.41%, up from 4.13% in 2022, marking a 2.28% increase[9]. Market Position and Product Development - The company achieved a significant increase in market share for large excavators, with domestic market share doubling year-on-year[16]. - The company is accelerating the development of electric products and expanding its product range in the large excavator segment[16]. - The construction machinery market position remains strong, with concrete machinery and engineering cranes leading in market share[15]. - The company achieved a market share of over 90% in the domestic electric aerial work platform segment, with a full product range covering heights from 4 to 72 meters[17]. - The company launched the world's highest 72-meter straight arm product, setting a new global record, and has achieved international leading levels in key technologies for electric aerial work platforms[17]. - The company has successfully developed and launched several new products, including a 5-meter electric boat bottom rust removal robot and a 26-meter high-altitude spraying robot, filling industry gaps[17]. - The company has made significant progress in the agricultural machinery sector, with the first hybrid wheat harvesting machine launched and a complete coverage of basic models in the domestic market[19]. Innovation and Digital Transformation - The company is focusing on innovation and digital transformation to enhance management efficiency and effectiveness, aiming for sustainable competitive advantages[7]. - The company is focusing on digitalization, intelligence, and green transformation to enhance growth and operational quality[14]. - The company is accelerating its digital transformation, leveraging IoT, cloud computing, big data, and generative AI to enhance operational efficiency and support business expansion[23]. - The company has established a total of 11 smart factories by 2023, with ongoing construction of 8 additional smart factories, enhancing its position in advanced manufacturing[24]. - The monthly production capacity of the "Excavator Intelligent Manufacturing Demonstration Factory" has exceeded 1,200 units, showcasing the effectiveness of its smart manufacturing initiatives[24]. - A total of 394 new products were launched during the reporting period, with 289 technology developments, of which 77.5% were related to digital, intelligent, and green innovations[28]. Corporate Governance and Employee Engagement - The company is implementing a second employee stock ownership plan to align the interests of core management with the company's long-term health, with details available in the annual report[35]. - The company plans to enhance its corporate governance structure and establish a profit-sharing mechanism for employees, aiming to improve employee cohesion and core competitiveness[57]. - The company has a 100% labor contract signing rate and provides comprehensive social insurance coverage for all employees[140]. - The company has not reported any violations of significant environmental or labor-related laws in the current year[138][147]. - The company actively engages in employee welfare programs, including marriage and maternity benefits, to enhance employee well-being[141]. Environmental, Social, and Governance (ESG) Initiatives - The ESG report is prepared in accordance with the Hong Kong Stock Exchange's guidelines and covers the period from January 1, 2023, to December 31, 2023[116]. - The company has established an ESG task force under the company secretary's office to manage and publish ESG policies, enhancing sustainable business development[118]. - The company emphasizes digitalization, intelligence, and green transformation to achieve high-quality development and enhance operational quality beyond industry standards[119]. - The company has implemented a comprehensive environmental management system, ensuring compliance with all relevant environmental laws and regulations[126]. - The company has committed to integrating energy conservation and environmental protection into its business decision-making processes[126]. - The company aims to achieve carbon peak by 2030 and carbon neutrality by 2060, aligning with national strategic goals[137]. Safety and Training - The company achieved a 100% dynamic rectification rate for major accident hidden dangers, effectively eliminating significant safety risks[151]. - A total of 30,563 employees participated in training programs in 2023, achieving a training coverage rate of 100% with an average of 45.85 training hours per employee[158]. - The company organized 761 safety awareness events, with 17,278 participants, enhancing overall safety consciousness among employees[152]. - The company has not reported any violations of occupational health and safety laws and regulations that significantly impact its operations in the current year[155]. Social Responsibility - The company invested over RMB 10 million in various social responsibility initiatives, focusing on rural revitalization, emergency rescue, and charity[190]. - The company donated RMB 2 million to the "Love Changes Destiny" charity education program in 2023, bringing the total donations over 21 years to RMB 34 million, assisting nearly 10,000 students from disadvantaged families[194]. - The company has established over 400 social service stations and 16 parts centers nationwide to provide 24/7 service guarantees to agricultural machinery users[193].

| 证券代码：000157 | 证券简称：中联重科 | 号 公告编号：2024-021 | | --- | --- | --- | | 证券代码：112927 | 中联 01 证券简称：19 | | 中联重科股份有限公司 关于举行 2023 年度网上业绩说明会的公告 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"）《2023 年年度报 告 》 及 其 摘 要 于 2024 年 3 月 29 日 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn）披露。为便于广大投资者更全面深 入地了解行业发展和公司经营业绩等相关情况，公司将于 2024 年 4 月 18 日（星期四）在进门财经举办 2023 年度网上业绩说明会。具 体情况如下。 一、召开时间与方式 召开时间：2024年4月18日下午15:00-17:00 召开方式：网络文字互动方式（进门财经平台，网页端或APP 均可接入） 电脑端参会：https://s.comein.cn/AkFcL 手机端参会:登陆进门财经APP/进门财经小程序，搜索 "00 ...

公 公司事件点评 司 [Tab2le_0M2ain3Inf年o] 报业绩符合预期，拟现金分红超 27 亿元 研 ——中联重科（000157）2023 年报点评 究 分析师： 宁前羽 SAC NO： S1150522070001 2024年04月01日 [机Ta械bl设e_备An—aly—si工s] 程机械 [Table_Summary] 事件： 证券分析师 公司公告 2023 年年度报告，2023 年公司实现营业收入 470.75 亿元，同比 宁前羽 增长 13.08%；实现归属于上市公司股东的净利润 35.06 亿元，同比增长 022-23839174 52.04%；稀释每股收益为0.42元/股，同比增长55.56%。 ningqy@bhzq.com 证 [ Table_Author] 点评：  业绩增长符合预期，盈利能力有所提升 券 [评Ta级bl：e_ Invest] 增持 2023 年公司经营业绩快速增长，报告期实现营收 470.75 亿元，同比增长 上次评级： 增持 13.08%，其中境外收入179.05亿元，同比增长79.20%，境外收入占比进一 研 最新收盘价： 8.21 步提升至38.04% ...

Investment Rating - The report maintains a "Buy" rating for the company [7]. Core Views - The company reported a revenue of 47.075 billion yuan for 2023, a year-on-year increase of 13.08%, and a net profit attributable to shareholders of 3.506 billion yuan, up 52.04% year-on-year [7]. - The growth in overseas revenue is strong, with a year-on-year increase of 79.20%, while domestic revenue decreased by 7.81% [7]. - The gross margin for 2023 was 27.54%, an increase of 5.71 percentage points year-on-year, indicating improved profitability across product lines [7]. Summary by Sections Financial Performance - The company achieved total revenue of 47,075 million yuan in 2023, with a gross profit margin of 27.54% [8][9]. - The net profit attributable to shareholders was 3,506 million yuan, reflecting a significant year-on-year growth of 52.04% [8][9]. - The company forecasts net profits of 4.451 billion yuan, 5.835 billion yuan, and 7.148 billion yuan for 2024, 2025, and 2026 respectively [8]. Product Line Performance - The engineering machinery segment generated revenue of 44.486 billion yuan, a 14.09% increase year-on-year, with notable growth in earthmoving machinery, which saw an 89.32% increase [7]. - The gross margins for various product lines improved, with the highest margin observed in the lifting machinery segment at 31.04%, up 8.13 percentage points [7]. Market Position and Growth Potential - The company maintains a leading market position in traditional sectors such as concrete machinery and lifting machinery, with significant market shares in key product categories [7]. - Emerging business areas, particularly in earthmoving machinery and mining machinery, are experiencing rapid growth, with earthmoving machinery sales doubling in the domestic market [7].

[Table_Header] 公司点评●工程机械 2024年 04月 02 日 [Table_Title] [Table_StockCode] 盈利同比增长 52%，海外和新兴业务亮 中联重科(000157) 眼 [Table_InvestRank] 推荐 (首次) 核心观点： [⚫T able投_S资um事m件ar：y] 公司披露 23 年年报，全年实现营收 470.75 亿元，+13.1%yoy，归 分析师 母净利润 35.06亿元，+52.0%yoy，扣非归母净利润 27.08 亿元，+109.5%yoy。 [鲁Ta佩b le_Authors] 23年毛利率/归母净利率分别达到 27.5%/7.4%，同比分别增加 5.7/1.9pct。 ：021-20257809 ⚫ 传统优势板块增速回暖，新兴板块竞相突破。传统业务：2023 年公司起重 ：lupei_yj@chinastock.com.cn 机械实现收入 192.9 亿元，同比回归正增长（+1.6%yoy），毛利率 31%，同比 分析师登记编码：S0130521060001 提升约 8pct；混凝土机械实现 86亿元，同比增长 1.6%，毛利率 ...

Investment Rating - The report maintains a "Buy" rating for the company [2][8] Core Insights - The company achieved a significant increase in performance in 2023, with total revenue reaching 47.075 billion yuan, a year-on-year growth of 13.08%, and net profit attributable to shareholders rising to 3.506 billion yuan, up 52.04% year-on-year [2][7] - The company's net profit margin improved to 8.01%, an increase of 2.28 percentage points, while the gross profit margin rose to 27.54%, up 5.71 percentage points [2][7] - The engineering machinery segment showed steady growth, with revenue from concrete machinery increasing by 13.1% to 44.486 billion yuan, and crane machinery revenue also growing by 1.6% to 19.290 billion yuan [2][6] - Emerging business segments, particularly earth-moving machinery, saw revenue growth of 89.3% to 6.648 billion yuan, with overseas sales increasing by over 24.2% [2][6] Summary by Sections Financial Performance - In 2023, the company reported total revenue of 47.075 billion yuan, a 13.08% increase from the previous year, and a net profit of 3.506 billion yuan, reflecting a 52.04% increase [2][7] - The company's earnings per share (EPS) for 2023 was 0.40 yuan, with projections for 2024, 2025, and 2026 at 0.56, 0.71, and 0.86 yuan respectively [7][8] Business Segments - The concrete machinery segment maintained its leading market share, while the crane machinery segment also showed positive growth [2][6] - Emerging businesses, particularly in earth-moving machinery and high-altitude work machinery, demonstrated strong growth, with earth-moving machinery revenue increasing significantly [2][6] Overseas Expansion - The company achieved overseas revenue of 17.905 billion yuan in 2023, marking a 79.2% year-on-year increase, with significant market share gains in Turkey and Central Asia [2][6] - The company has established over 30 primary business aviation ports globally, enhancing its international presence [2][6]