Core Insights - LiuGong (000528) reported a strong performance in the first half of 2025, with total revenue reaching 18.181 billion yuan, a year-on-year increase of 13.21%, and net profit attributable to shareholders of 1.23 billion yuan, up 25.05% [1] - Domestic business showed steady growth with revenue of 9.658 billion yuan, a 15.69% increase year-on-year, while overseas business also grew, generating 8.523 billion yuan, a 10.52% increase, accounting for 46.88% of total revenue [1] - LiuGong's core business segment, earthmoving machinery, outperformed industry growth rates, with domestic sales growth exceeding industry levels and overseas sales growth surpassing the industry average by 19 percentage points [1] Revenue and Profit Growth - In the context of a challenging global construction machinery industry, LiuGong's overseas business achieved counter-cyclical growth, with sales growth significantly exceeding the industry average [2] - The company saw a 1 percentage point increase in market share for earthmoving machinery products, with overseas performance breaking historical records in terms of unit sales, revenue, gross margin, and net profit [2] - Gross margin improved by nearly 2 percentage points, and operating cash flow from overseas business remained robust [2] Product and Market Expansion - LiuGong's dual strategy of "product portfolio + comprehensive solutions" strengthened its competitive advantage, launching over 60 innovative products globally [2] - The company experienced significant growth in emerging sectors such as mining machinery, aerial work platforms, cranes, and forklifts, all exceeding 40% sales growth [2] - Regional revenue structures were balanced, with strong growth in emerging markets, particularly in South Asia, the Middle East, Central Asia, Indonesia, and Africa, with growth rates reaching over 80% in some areas [2] Second Growth Curve - LiuGong is developing a second growth curve with resilience and synergy, particularly in the mining machinery sector, where overseas sales grew by 42% [3] - The electric wide-body truck gained popularity in the Indonesian market, expanding its market presence to Europe and Latin America [3] - The high-altitude machinery segment saw significant increases in sales, revenue, and net profit, with net profit growth exceeding 100% [3] Innovation and Brand Development - LiuGong achieved double-digit growth in industrial vehicles, with both domestic and international revenue increasing [3] - Breakthroughs in new energy and intelligent technology were noted, with successful global market entry for E-series and F-series products [3] - The company received 27 patent authorizations, including 12 inventions, and led the revision of the international standard ISO 14655, marking a significant milestone in international regulatory influence [3]

Core Viewpoint - LiuGong (000528.SZ) reported a strong performance in the first half of 2025, with significant growth in both revenue and net profit [1] Financial Performance - The company achieved an operating revenue of 18.181 billion yuan, representing a year-on-year increase of 13.21% [1] - The net profit attributable to shareholders of the listed company was 1.230 billion yuan, reflecting a year-on-year growth of 25.05% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 1.146 billion yuan, which is a year-on-year increase of 27.01% [1] - Basic earnings per share stood at 0.6130 yuan [1]

广西柳工机械股份有限公司 2025 年半年度财务报告 广西柳工机械股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 ☑ 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 （一）合并资产负债表 编制单位：广西柳工机械股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 附注七 | | 期末余额 | 期初余额 | | --- | --- | --- | --- | --- | | 流动资产： | | | | | | 货币资金 | | 1 | 9,058,412,822.77 | 8,359,707,174.85 | | 结算备付金 | | | - | - | | 拆出资金 | | | - | - | | 交易性金融资产 | | 2 | - | 42,693,489.22 | | 衍生金融资产 | | 3 | - | - | | 应收票据 | | 4 | 180,156,805.69 | 210,927,685.39 | | 应收账款 | | 5 | 12,876,792,917.79 | 10,246,089,993.94 | | 应 ...

为保障专款专用，公司及下属子公司柳州柳工挖掘机有限公司、广西柳工元象科技 有限公司、广西中源机械有限公司在招商银行股份有限公司柳州分行、中信银行股份有 广西柳工机械股份有限公司 2025 年半年度公司募集资金存放与实际使用情况的专项报告 一、募集资金基本情况 经中国证券监督管理委员会《关于核准广西柳工机械股份有限公司公开发行可转换 公司债券的批复》（证监许可〔2023〕128 号）核准，公司获准向社会公开发行面值总 额人民币 300,000 万元的可转换公司债券（以下简称"本期公司债券"）。本期公司债 券的种类为可转换为公司股票的可转换公司债券，总发行规模为人民币 300,000 万元， 每张面值 100 元，共计 3000 万张，发行价格为 100 元/张。募集资金于 2023 年 3 月 31 日到达公司募集资金专户，本次发行过程中，公司支付发行费用（不含增值税）人民币 630.38 万元后，实际募集资金净额为人民币 299,369.62 万元。经致同会计师事务所（特 殊普通合伙）予以验资并出具《验资报告》（致同验字[2023]第 441C000146 号）。 | | | | 项目 | 金额（单位：人民币 ...

广西柳工机械股份有限公司 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 编制单位：广西柳工机械股份有限公司 单位：人民币万元 | 非经营性 | | 占用方与上市公 | 上市公司核算 | 2025 年期初 | 2025 年度占 | 2025年度占 | 2025 年度偿 | 2025 年期末占 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 资金占用 | 资金占用方名称 | 司的关联关系 | 的会计科目 | 占用资金余额 | 用累计发生金 | 用资金的利 | 还累计发生 | 用资金余额 | 占用形成原因 | 占用性质 | | | | | | | 额（不含利息） | 息(如有) | 金额 | | | | | 现大股东 | | | | | | | | | | | | 及其附属 | - | - | - | - | - | - | - | 0.00 | - | 非经营性占用 | | 企业 | | | | | | | | | | | | 小计 | - | - | - | 0.00 | 0.00 | 0. ...

证券代码：000528 证券简称：柳 工 公告编号：2025-66 债券代码：127084 债券简称：柳工转2 广西柳工机械股份有限公司 关于 2025 年半年度计提资产减值准备公告 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。 广西柳工机械股份有限公司(以下简称"公司")于 2025 年 8 月 25 日召开的第十届董 事会第三次会议、第十届监事会第三次会议分别审议通过了《关于公司 2025 年半年度计 提资产减值准备的议案》。现将相关情况公告如下： 一、计提资产减值准备概述 根据《企业会计准则》《深圳证券交易所股票上市规则》及公司会计政策等文件的相 关规定，本着谨慎性原则，公司及下属子公司对截至 2025 年 6 月 30 日的应收款项、存货、 固定资产、在建工程、投资性房地产、无形资产等进行了减值测试，判断其是否存在可能 发生减值的迹象。经测试，公司对发生资产减值的应收款项、存货等资产进行了减值计提。 （一）金融资产 公司对截至 2025 年 6 月 30 日的金融资产坏账准备计提 29,264.06 万元，其中：应收 第 1页，共 4页 柳工董事会公 ...

证券代码：000528 证券简称：柳 工 公告编号：2025-65 债券代码：127084 债券简称：柳工转2 广西柳工机械股份有限公司 第十届监事会第三次会议决议公告 本公司及监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。 监事会认为：公司 2025 年半年度报告的编制和审议程序符合法律、行政法规和中 国证监会的规定，报告的内容真实地反映了公司在报告期内的经营情况。 该项议案获 3 票赞成，0 票反对，0 票弃权。 该议案具体内容详见公司同时在《中国证券报》及巨潮资讯网（www.cninfo.com.c n）披露的《柳工 2025 年半年度报告》和《柳工 2025 年半年度报告摘要》（公告编号： 2025-67）。 二、审议通过《关于公司 2025 年半年度计提资产减值准备的议案》 广西柳工机械股份有限公司（以下简称"公司"）监事会于 2025 年 8 月 15 日以电 子邮件方式发出召开第十届监事会第三次会议的通知，会议于 2025 年 8 月 25 日在公司 子公司中恒国际租赁有限公司会议室（主会场）及公司总部会议室（分会场）以现场表 决的方式如期召开。会议应到 ...

证券代码：000528 证券简称：柳 工 公告编号：2025-64 债券代码：127084 债券简称：柳工转2 广西柳工机械股份有限公司 第十届董事会第三次会议决议公告 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。 广西柳工机械股份有限公司（以下简称"公司"）董事会于 2025 年 8 月 15 日以电 子邮件方式发出召开第十届董事会第三次会议的通知，会议于 2025 年 8 月 25 日在公司 子公司中恒国际租赁有限公司会议室（主会场）及公司总部会议室（分会场）以现场表 决的方式如期召开。会议应到会董事 11 人，实到会董事 11 人。会议由董事长郑津先生 主持。监事会全体监事列席了会议。本次会议通知及召开符合有关法律、法规、规章及 《公司章程》的规定，合法有效。经会议审议，作出了如下决议： 一、审议通过《关于公司 2025 年半年度报告全文及其摘要的议案》 同意公司 2025 年半年度报告全文及其摘要。 该议案已经公司董事会审计委员会审议通过。 表决情况为：11 票同意，0 票反对，0 票弃权。 该议案具体内容详见公司同时在《中国证券报》及巨潮资讯网（w ...

广西柳工机械股份有限公司 Guangxi Liugong Machinery Co., Ltd. 二Ｏ二五年半年度报告 二Ｏ二五年八月 广西柳工机械股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司负责人郑津先生、主管会计工作负责人罗国兵先生及会计机构负责人(会计主管人 员)樊丽君女士声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺。公司已在 本报告中详细描述了存在的风险事项，敬请查阅"第三节 管理层讨论与分析"中关于公司 未来发展的讨论与分析中可能面对的风险因素及对策部分的内容。请投资者注意投资风险。 | 第一节 | 重要提示、目录和释义 | | 2 | | --- | --- | --- | --- | | 第二节 | 公司简介和主要财务指标 | | 6 | | 第三节 | 管理层讨论与分析 | | 9 | | ...

Core Viewpoint - The article emphasizes the importance of state-owned enterprises (SOEs) in driving high-quality economic development in Guangxi, highlighting various initiatives to enhance the performance and international competitiveness of these enterprises. Group 1: Development of "New Brands" - Guangxi's state-owned enterprises are focusing on cultivating "new brands" to bridge the gap with more developed regions, with innovation being the primary driver for high-quality development [2][3] - The establishment of a project library for "new brands" aims to stimulate technological and industrial growth through dynamic adjustments and rolling implementations [2] - Measures such as benchmark demonstrations, enhanced assessments, and talent support systems are being implemented to promote the development of strategic emerging industries [2] Group 2: Upgrading "Old Brands" - Traditional "old brands" in Guangxi face challenges such as low technological content and market misalignment, necessitating a focus on innovation and product development [4][5] - The integration of modern marketing strategies, such as OMO (Online-Merge-Offline) marketing, has proven effective in revitalizing "old brands" and expanding market reach [5] - Companies like Yufeng Cement are successfully transitioning from traditional production to technology-driven enterprises, achieving significant technological advancements and awards [5][6] Group 3: Empowering "Original Brands" - "Original brands" represent Guangxi's traditional industries, which are undergoing transformation towards high-end, intelligent, and green production [7][8] - The introduction of technologies like AI and big data is enhancing operational efficiency and precision in traditional sectors, such as coal management and agriculture [7][8] - Companies are increasingly adopting automation and digitalization to improve productivity and reduce operational costs [6][8] Group 4: Expanding "External Brands" - Guangxi is leveraging its geographical advantages to enhance international trade, with initiatives like overseas warehouses and cross-border logistics [10][11] - The export sales revenue of state-owned enterprises in Guangxi reached 120.03 billion yuan, marking a 20.16% increase year-on-year [13] - Policies are being implemented to support enterprises in expanding their international presence, particularly in sectors like automotive and engineering machinery [13]