本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 特别提示： 1.徐工集团工程机械股份有限公司（以下简称"徐工机械"或"公司"）本次注销原91名激励对象已获授但 尚未解除限售的全部限制性股票5,935,100股，占回购注销前公司总股本的0.05%，本次注销完成后，公 司总股本将由11,759,650,913股变更为11,753,715,813股。 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000425 证券简称：徐工机械 公告编号：2025-47 徐工集团工程机械股份有限公司关于部分2023年限制性股票回购注销完成暨股份变动公告 2.经中国证券登记结算有限责任公司深圳分公司审核确认，公司本次限制性股票回购注销事宜已于2025 年6月6日办理完成。 公司于2024年10月15日召开第九届董事会第二十五次会议（临时）和第九届监事会第十三次会议（临 时），审议通过了《关于调整公司2023年限制性股票激励计划回购价格并回购注销部分限制性股票的议 案》，具体内容详见公司2024年10月17日刊登在《中国证券报》《上海证券报》和巨潮资讯网 （www.cni ...

证券代码：000425 证券简称：徐工机械 公告编号：2025-47 徐工集团工程机械股份有限公司 关于部分 2023 年限制性股票回购注销完成 暨股份变动公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 1.徐工集团工程机械股份有限公司（以下简称"徐工机械"或 "公司"）本次注销原 91 名激励对象已获授但尚未解除限售的全部 限制性股票 5,935,100 股，占回购注销前公司总股本的 0.05%，本 次注销完成后，公司总股本将由 11,759,650,913 股变更为 11,753,715,813 股。 2.经中国证券登记结算有限责任公司深圳分公司审核确认， 公司本次限制性股票回购注销事宜已于 2025 年 6 月 6 日办理完 成。 公司于 2024 年 10 月 15 日召开第九届董事会第二十五次会 议（临时）和第九届监事会第十三次会议（临时），审议通过了《关 于调整公司 2023 年限制性股票激励计划回购价格并回购注销部 分限制性股票的议案》，具体内容详见公司 2024 年 10 月 17 日刊 登 在 《 中 国 证 券 报 》《 ...

Investment Rating - The report suggests a positive outlook for the machinery equipment sector, with specific recommendations for companies such as SANY Heavy Industry, XCMG, Zoomlion, LiuGong, and Yingliu Technology [13]. Core Insights - The SW Machinery Equipment Index increased by 0.93% over the past week, ranking 19th among 31 primary industry categories, while the Shanghai and Shenzhen 300 Index rose by 0.88% [3][16]. - Year-to-date, the SW Machinery Equipment Index has risen by 7.29%, ranking 6th among the 31 primary industry categories, contrasting with a 1.55% decline in the Shanghai and Shenzhen 300 Index [17]. - The report highlights the potential for humanoid robots to achieve commercial viability, with significant advancements in technology and training [27]. - The construction machinery sector is experiencing short-term fluctuations in operating rates, but the long-term recovery logic driven by domestic demand remains intact [28]. - The gas turbine industry is seeing an upward trend in demand, with domestic companies like Yingliu Technology benefiting from increased orders [28]. Summary by Sections 1. Stock Portfolio - Recommended stocks include Hengli Hydraulic, SANY Heavy Industry, XCMG, Zoomlion, LiuGong, and Yingliu Technology [13]. 2. Market Review - The SW Machinery Equipment Index rose by 0.93% last week, while the year-to-date performance shows a 7.29% increase [3][17]. 3. Core Insights Update - The report notes that the machinery sector is witnessing a recovery, with specific segments like laser equipment and robotics showing strong performance [26]. 4. Key Data Tracking 4.1 General Machinery - The manufacturing PMI for May was 49.5, indicating a slight improvement but still in a contraction zone [29]. 4.2 Construction Machinery - Excavator sales in April reached 22,100 units, a year-on-year increase of 17.6% [36]. 4.3 Railway Equipment - Railway fixed asset investment and passenger volume are both showing positive growth, indicating a recovery in demand [45]. 4.4 Shipbuilding - The global new ship price index reached 187.43 in April, reflecting a year-on-year increase of 0.32% [47]. 4.5 Oilfield Equipment - Brent crude oil prices are fluctuating around $65 per barrel, with ongoing geopolitical factors influencing the market [49]. 4.6 Industrial Gases - Liquid nitrogen prices are on the rise, indicating a potential recovery in gas prices [55]. 5. Industry Important Developments - The report mentions significant contracts and technological advancements in the general machinery sector, highlighting the internationalization of companies like Xiangdian [57][58].

关于回购公司股份并用于注销的进展公告 截至2025年6月6日收盘，徐工机械（000425）报收于8.02元，较上周的8.24元下跌2.67%。本周，徐工 机械6月3日盘中最高价报8.24元。6月5日盘中最低价报7.89元。徐工机械当前最新总市值943.12亿元， 在工程机械板块市值排名3/28，在两市A股市值排名145/5148。 本周关注点 公司公告汇总 高级管理人员薪酬制度（2025年6月） 该制度旨在建立健全多种方式长中短期结合的薪酬激励体系，薪酬构成包括基本年薪、绩效年薪、任期 激励、专项奖惩及股权激励等。该制度自2025年起执行。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 公司公告汇总：徐工机械计划回购股份用于注销，金额不超过60,000万元。 公司公告汇总：公司已累计回购股份308,910,816股，占总股本的2.63%。 公司公告汇总：董事会审议通过修订《高级管理人员薪酬制度》等三项议案。 徐工机械计划以自有资金通过二级市场回购股份，用于减少公司注册资本，并自回购完成之日起十日内 注销。回购资金总额不超过人民币6 ...

Group 1 - A500 Index ETF (159351) showed a slight increase of 0.1% in early trading on June 6, with a trading volume exceeding 1.1 billion yuan, ranking second among similar products [1] - In the first three trading days of June, the cumulative trading volume of the A500 ETF reached 8.527 billion yuan, ranking first among similar ETF products [1] - A total of 439 A-share companies implemented buybacks in the past month, with a total buyback amount of 26.689 billion yuan, representing a year-on-year increase of 51.83% [1] Group 2 - The A500 Index ETF closely tracks the new benchmark index, the CSI A500 Index, which selects 500 stocks that represent strong market capitalization across various industries [2] - The CSI A500 is considered suitable for risk diversification, showing lower correlation with US, Japanese, and Hong Kong stocks, as well as commodities, gold, and bonds [2] - The average price-to-earnings ratios for the Shanghai Composite Index and the ChiNext Index are currently at 13.83 times and 36.51 times, respectively, indicating a suitable environment for medium to long-term investment [2]

Core Viewpoint - The XCMG International Customer Festival has evolved into a cultural event that reflects the rise of China's construction machinery industry and its globalization efforts [2] Group 1: Company Performance and Strategy - XCMG expects a 12.2% year-on-year increase in net profit to 5.976 billion yuan in 2024, with continuous improvement in gross and net profit margins, and significant growth in operating cash flow [2] - The company emphasizes self-reform as a key to maintaining sustained growth, aiming for high-quality development and entering new markets [3] - XCMG is focusing on green development in construction machinery, establishing a New Energy Research Institute and launching leading electric products [3][4] Group 2: Technological Advancements - The proportion of new energy and hybrid vehicles in XCMG's fleet is increasing, with advancements in automation and intelligent operating systems [4] - XCMG has achieved L4 level autonomous driving for some equipment, enhancing efficiency and safety in high-risk operations [4] - The company is prioritizing digital transformation and smart upgrades as part of its "Chairman's No. 1 Project" to maintain competitiveness [4] Group 3: Global Expansion - XCMG has delivered high-end lifting machinery and intelligent mining equipment to international clients, reinforcing its global presence [5][6] - The company has established a footprint in over 190 countries, responding to local market demands with tailored solutions [6][7] - XCMG aims to double its scale to over 100 billion yuan by 2030, with international revenue accounting for over 60% [8] Group 4: Industry Positioning - The XCMG International Customer Festival has generated an estimated $800 million in intended orders, enhancing the company's global outreach [7] - XCMG's commitment to technological and product innovation is seen as a cornerstone for building advanced manufacturing clusters in the region [7] - The integration of heavy vehicle operations into XCMG's portfolio is expected to create a comprehensive solution for open-pit mining machinery [8]

Core Viewpoint - The heavy truck industry in China experienced significant growth in May 2025, with wholesale sales, domestic terminal sales, electric heavy trucks, and diesel heavy trucks all showing year-on-year increases, indicating a positive trend in the market [1][3][23]. Group 1: Market Performance - In May 2025, approximately 85,000 heavy trucks were sold in China, representing a 9% increase compared to the same month last year, despite a slight month-on-month decrease of 3% [3][5]. - Cumulatively, from January to May 2025, the heavy truck market recorded sales of about 437,500 units, showing a small year-on-year increase of approximately 1% [5]. - The "old-for-new" policy for National IV trucks has significantly stimulated new truck purchases, contributing to the growth in sales [6]. Group 2: Segment Analysis - The export wholesale volume of heavy trucks is expected to decline by over 10% in May, indicating ongoing pressure in the export market [7]. - Domestic terminal heavy truck sales are projected to have increased by over 20% year-on-year in May, despite a slight month-on-month decrease of around 5% [7]. - Sales of natural gas trucks fell to below 15,000 units, marking a new low in four months, with a year-on-year decline expected to exceed 30% [8]. - New energy heavy trucks are anticipated to have sold over 15,000 units in May, reflecting a year-on-year growth of approximately 190%, with a market penetration rate exceeding 23% [8][11]. Group 3: Company Performance - China National Heavy Duty Truck Group (CNHTC) led the market with sales of approximately 23,000 heavy trucks in May, a 13% year-on-year increase [12][15]. - Dongfeng Motor Corporation sold about 15,000 heavy trucks in May, achieving a year-on-year growth of 49% [15][17]. - FAW Jiefang sold around 14,000 heavy trucks in May, with a cumulative sales figure of approximately 81,500 units from January to May, maintaining a market share of about 18.6% [15][19]. - Beiqi Foton and XCMG showed the highest growth rates among major companies, with Foton's sales increasing by 73% year-on-year in May [17][19]. Group 4: Future Outlook - The heavy truck market is expected to continue its growth trend in June, driven by the acceleration of old vehicle scrapping and replacement policies [23]. - The decline in natural gas truck sales is anticipated to narrow to single digits in June, creating conditions for a rebound in the second half of the year [23]. - The sales of electric heavy trucks are expected to reach new highs in the latter half of the year, supported by various favorable policies [23].

Core Viewpoint - The China Securities Index for the equipment industry has shown mixed performance, with a recent increase but a decline over the past months, indicating potential volatility in the sector [1][2]. Group 1: Index Performance - The China Securities Equipment Industry Index rose by 0.34% to 2050.12 points, with a trading volume of 40.916 billion yuan [1]. - Over the past month, the index has increased by 0.80%, but it has decreased by 8.06% over the last three months and by 6.85% year-to-date [1]. Group 2: Index Composition - The top ten weighted companies in the index include CATL (10.4%), Huichuan Technology (4.38%), SANY Heavy Industry (3.4%), Sungrow Power Supply (2.77%), Guodian NARI (2.75%), LONGi Green Energy (2.75%), CRRC (2.72%), Weichai Power (2.57%), China Shipbuilding (2.17%), and XCMG (2.07%) [1]. - The index is primarily composed of companies from the Shenzhen Stock Exchange (52.55%) and the Shanghai Stock Exchange (47.45%) [1]. Group 3: Industry Breakdown - The index's sample holdings are predominantly in the industrial sector, accounting for 99.33%, with the energy sector making up 0.67% [2]. - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December [2]. Group 4: Fund Tracking - Public funds tracking the equipment industry index include E Fund China Securities Equipment Industry Link A, E Fund China Securities Equipment Industry Link C, Huaxia China Securities Equipment Industry Link A, Huaxia China Securities Equipment Industry Link C, Huaxia China Securities Equipment Industry ETF, and E Fund China Securities Equipment Industry ETF [2].

Core Viewpoint - The new energy tractor truck market in China has experienced rapid growth since 2025, with significant year-on-year increases in sales, particularly during the peak seasons of March and April, and a remarkable surge in May [1][28]. Group 1: Market Performance - In March and April 2025, new energy tractor trucks achieved year-on-year growth rates of 253% and 288%, respectively, outpacing the overall growth of the new energy heavy truck market [1][28]. - In May 2025, the market added 10,000 new energy tractor trucks, marking a year-on-year increase of 326%, which is 4.3 times the sales volume of May 2024 [4][5]. - The cumulative sales of new energy tractor trucks from January to May 2025 reached nearly 40,000 units, reflecting a year-on-year increase of 266% [17][20]. Group 2: Regional Insights - In May 2025, 30 provincial-level administrative regions in China reported new additions of new energy tractor trucks, with 21 regions adding over 100 units each [6]. - Shanghai led the regions with over 2,500 new energy tractor trucks added in May, followed by Sichuan and Shanxi with over 800 units each [6][7]. Group 3: Company Performance - In May 2025, five companies sold over 1,000 new energy tractor trucks, with Jiefang leading the sales with 1,680 units, followed by SANY and XCMG with 1,460 and 1,433 units, respectively [9][12]. - The top ten companies in the new energy tractor truck market saw significant year-on-year growth, with Jiefang, XCMG, and others achieving increases of over 300% [15][22]. - The market share of the top five companies, including Jiefang and XCMG, exceeded 10%, with Jiefang holding a share of 16.13% [25].

证券代码：000425 证券简称：徐工机械 公告编号：2025-44 徐工集团工程机械股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 徐工集团工程机械股份有限公司（以下简称"徐工机械"或 "公司"）于 2025 年 4 月 8 日召开第九届董事会第三十次会议（临 时） ，审议通过了《关于回购公司股份的议案》，同意公司以自有 资金或其他合法资金通过二级市场回购公司股份，本次回购的股 份将用于实施股权激励或员工持股计划。本次回购资金总额不超 过人民币 360,000 万元（含） ，不低于人民币 180,000 万元（含）， 回购价格不超过人民币 13 元/股（含） 。具体回购股份的数量以回 购期限届满时实际回购的股份数量为准。 本次回购股份的实施期限自公司董事会审议通过回购股份 方案之日起不超过十二个月。具体内容详见公司刊登在巨潮资讯 网（www.cninfo.com.cn）的《第九届董事会第三十次会议（临时） 决议公告》（公告编号：2025-05）、《关于回购公司股份的公告》 （公告编号：2025-06）、《关于回购公司股份的报告书》（公告编 号： ...