证券代码：000528 证券简称：柳 工 公告编号：2025- 73 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 关于控股股东增持股份计划实施完成的公告 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。 广西柳工机械股份有限公司（以下简称"公司"）于 2025 年 10 月 9 日收到控股 股东广西柳工集团有限公司（以下简称"柳工集团"）出具的《关于增持柳工股份计 划实施完成的告知函》，截至本公告披露日，柳工集团已累计增持公司股份 22,903,280 股，占当前总股本的 1.13%，增持金额为 250,280,345.21 元（不含交易 费用）。柳工集团当前持有公司股份 528,656,832 股，占当前总股本的 26.01%。现将 本次增持计划的实施情况和结果公告如下： 一、计划增持主体的基本情况 本次增持计划公告前，柳工集团持有公司股份 505,753,552 股，占公司当时总股 本的 25.05%。柳工集团在本次增持计划公告前的 12 个月内未披露过其他增持计划，在 本次增持计划公告前的 6 个月内不存在减持公司股份的情形。 二 ...

证券代码：000528 证券简称：柳 工 公告编号：2025-71 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 年第三季度可转换公司债券转股情况的公告 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。 重要内容提示： 广西柳工机械股份有限公司（以下简称"公司"）发行的可转换公司债券（以下简 称"可转债"）"柳工转 2"在 2025 年第三季度发生转股业务，债券减少 13,410 张， 余额减少 13,410,000 元，转股数量 183,684 股。根据《深圳证券交易所股票上市规则》 和《深圳证券交易所上市公司自律监管指引第 15 号——可转换公司债券》等的有关规 定：上市公司应当在每一季度结束后及时披露因可转换公司债券转换为股票所引起的股 份变动情况。现将相关情况公告如下： 2023 年 4 月 20 日起，经深圳证券交易所批准，公司可转债在深圳证券交易所挂牌 第 1页，共 3页 1. 债券简称：柳工转2；债券代码：127084 3. 转股期限：2023年10月9日至2029年3月26日 4. 当前转股价格：人民币7. ...

Core Insights - The article discusses the growth of the excavator industry in China, highlighting a significant increase in production and sales figures for 2025 [1] Industry Overview - According to the National Bureau of Statistics, the production of excavators in China reached 28,000 units in August 2025, representing a year-on-year growth of 13.2% [1] - From January to August 2025, the cumulative production of excavators in China was 246,000 units, showing a cumulative growth of 17.6% [1] Companies Mentioned - The article lists several key companies in the excavator industry, including SANY Heavy Industry, XCMG Machinery, Zoomlion Heavy Industry, Shantui, LiuGong, Xiamen XGMA Machinery, Shanhe Intelligent, Anhui Heli, Hengli Hydraulic, and Construction Machinery [1] Market Research - The insights are based on a report by Zhiyan Consulting titled "2025-2031 China Excavator Industry Market Survey and Future Outlook" [1] - Zhiyan Consulting is noted as a leading industry consulting firm in China, providing comprehensive industry research reports and consulting services [1]

Core Viewpoint - LiuGong's stock price has experienced a decline of 8.17% year-to-date, with a recent drop of 2.08% on October 9, 2023, indicating potential challenges in the market [1]. Company Overview - LiuGong Machinery Co., Ltd. is located in Liuzhou, Guangxi, and was established on November 8, 1993. It was listed on November 18, 1993. The company specializes in the research, production, sales, and service of construction machinery and key components [1]. - The main business revenue composition includes earthmoving machinery (64.09%), other construction machinery and components (27.95%), prestressing machinery (6.58%), and rental services (1.38%) [1]. Financial Performance - For the first half of 2025, LiuGong achieved an operating income of 18.181 billion yuan, representing a year-on-year growth of 13.21%. The net profit attributable to shareholders was 1.230 billion yuan, reflecting a year-on-year increase of 25.05% [2]. - Since its A-share listing, LiuGong has distributed a total of 5.102 billion yuan in dividends, with 1.122 billion yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, LiuGong had 79,900 shareholders, an increase of 29.79% from the previous period. The average number of circulating shares per person decreased by 22.95% to 25,266 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the second-largest shareholder with 66.054 million shares, a decrease of 61.220 million shares from the previous period. New shareholder Southern CSI 500 ETF holds 23.978 million shares [3].

Core Viewpoint - LiuGong's stock price has shown fluctuations with a year-to-date decline of 5.97%, but recent trading indicates a slight recovery with a 2.50% increase over the last five trading days [2] Group 1: Stock Performance - As of September 30, LiuGong's stock price increased by 2.02% to 11.09 CNY per share, with a trading volume of 4.37 billion CNY and a turnover rate of 1.96%, resulting in a total market capitalization of 225.28 billion CNY [1] - Year-to-date, LiuGong's stock has experienced a decline of 5.97%, but it has increased by 2.50% over the last five trading days, 1.65% over the last 20 days, and 10.68% over the last 60 days [2] Group 2: Financial Performance - For the first half of 2025, LiuGong reported a revenue of 18.181 billion CNY, representing a year-on-year growth of 13.21%, and a net profit attributable to shareholders of 1.230 billion CNY, reflecting a growth of 25.05% [2] - Since its A-share listing, LiuGong has distributed a total of 5.102 billion CNY in dividends, with 1.122 billion CNY distributed over the last three years [3] Group 3: Shareholder Information - As of June 30, 2025, LiuGong had 79,900 shareholders, an increase of 29.79% from the previous period, with an average of 25,266 circulating shares per shareholder, a decrease of 22.95% [2] - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 66.054 million shares, a decrease of 6.121 million shares from the previous period [3]

Group 1: Institutional Research on Popular Companies - The top twenty companies with the highest number of institutional research visits in the past 30 days include Mindray Medical, Huichuan Technology, United Imaging Healthcare, Shenzhen South Circuit, and Aibo Medical [11][13] - In the last five days, the most popular companies for institutional research include Jepu Tech, Ganli Pharmaceutical, Shiji Information, Guangri Co., and Nenghui Technology [11][12] - Among the top twenty companies in the past 30 days, 12 companies had 10 or more rating agencies involved, with significant profit growth expected for Lankai Technology, Huichuan Technology, and Sanhua Intelligent Control in their 2025 mid-year reports compared to 2024 [11][12] Group 2: Shareholder Increase and Buyback Strategies - From September 22 to September 26, 2025, four listed companies announced significant shareholder increases [18] - A total of 71 companies announced buyback progress during the same period, with 22 of them having 10 or more rating agencies involved [24] - From January 1 to September 26, 2025, 274 companies announced shareholder increases, with 86 of them having 10 or more rating agencies involved [20] Group 3: Buyback Situation - From January 1 to September 26, 2025, 1,747 companies announced buyback progress, with 414 of them having 10 or more rating agencies involved [26] - Among these, 108 companies had a buyback amount that exceeded 1% of their market value on the announcement date [26][27] - Specific companies in the buyback phase include Chengde Lulu, Liugong, Shantui, Huaming Equipment, Jian Sheng Group, Ruoyu Chen, and China Jushi [27]

Group 1 - The engineering machinery sector experienced a significant upward movement on September 29, with Hanbell Precise Machinery rising over 8% [1] - Other companies in the sector, including XCMG, SANY Heavy Industry, LiuGong, and Zoomlion, also saw increases in their stock prices [1]

Core Viewpoint - LiuGong's stock price has shown fluctuations with a year-to-date decline of 7.41%, while it has experienced a 10.41% increase over the past 60 days, indicating potential volatility in the market [1][2]. Financial Performance - For the first half of 2025, LiuGong achieved a revenue of 18.181 billion yuan, representing a year-on-year growth of 13.21%, and a net profit attributable to shareholders of 1.230 billion yuan, reflecting a growth of 25.05% [2]. - Cumulatively, LiuGong has distributed 5.102 billion yuan in dividends since its A-share listing, with 1.122 billion yuan distributed over the past three years [3]. Stock Market Activity - As of September 29, LiuGong's stock price was 10.92 yuan per share, with a trading volume of 284 million yuan and a turnover rate of 1.31%, resulting in a total market capitalization of 22.183 billion yuan [1]. - The stock has seen a net inflow of 1.717 million yuan from main funds, with significant buying and selling activities recorded [1]. Shareholder Structure - As of June 30, 2025, LiuGong had 79,900 shareholders, an increase of 29.79% from the previous period, with an average of 25,266 circulating shares per shareholder, a decrease of 22.95% [2][3]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 66.054 million shares, which decreased by 61.220 million shares compared to the previous period [3].

Core Viewpoint - The article discusses the expansion of China's vocational education system internationally, highlighting successful examples from cities like Liuzhou and Tianjin, and emphasizing the importance of talent localization for Chinese companies operating abroad [10][14][48]. Group 1: Overview of Vocational Education in China - As of 2023, China has established the world's largest vocational education system with 11,133 vocational schools and nearly 35 million students enrolled, covering over 1,400 majors [12][13]. - The vocational education system plays a crucial role in training skilled laborers, with approximately 10 million high-quality talents produced annually [12][13]. Group 2: Liuzhou's Vocational Education Initiatives - Liuzhou has developed an endogenous model of vocational education that follows the needs of local enterprises, with 25 vocational schools and around 140,000 students [16][17]. - Collaborative projects between Liuzhou vocational institutions and companies like LiuGong have led to the establishment of international training centers in countries such as Saudi Arabia and Thailand [18][19][20]. Group 3: Tianjin's Vocational Education Initiatives - Tianjin has created the "Luban Workshop" brand, which serves as a technical hub along the Belt and Road Initiative, with 36 workshops established in 30 countries [30][31]. - The workshops focus on practical engineering and innovation, providing training in various fields, including mechatronics and renewable energy [34][37]. Group 4: International Collaboration and Impact - The vocational education initiatives have successfully integrated local needs with Chinese standards, leading to the establishment of training programs in countries like Egypt, Gabon, and Uzbekistan [40][41][42]. - The article emphasizes that the global demand for "Chinese manufacturing knowledge" is growing, as countries seek to learn from China's manufacturing standards and practices [43][44][45]. Group 5: Future Prospects - The potential for online vocational education platforms to reach a global audience is highlighted, suggesting that China could lead in providing manufacturing education worldwide [46][47]. - The transition from product export to knowledge and skill export is seen as a new growth point for China's foreign trade [47][48].

Core Viewpoint - The strategic cooperation agreement signed by China North Vehicle Company, Guangxi Liugong Machinery Co., Ltd., and Beiben Heavy-Duty Truck Group marks the beginning of a new chapter in deep collaboration across multiple fields, aiming for win-win development [1][3]. Group 1: Strategic Cooperation Framework - The three parties aim to establish a long-term and stable strategic partnership, ensuring cooperation through a dedicated mechanism and planning specific operational models for joint projects [3]. - The core objectives of the cooperation include "common development and long-term collaboration," focusing on four major areas: core field synergy, business model innovation, overseas market expansion, and upgrading the scope of cooperation [3]. Group 2: Key Areas of Focus - Core field synergy will enhance business interactions in infrastructure and mining scenarios, deepening collaboration between engineering machinery and heavy truck supply chains to improve overall service capabilities [3]. - Business model innovation will explore diversified models, leveraging the technological and product strengths of the three parties to provide comprehensive solutions that cover both "equipment + services" for various customer needs [3]. - The overseas market expansion will utilize each party's international channels and brand foundations to actively explore overseas aftermarket cooperation, enhancing the global competitiveness of Chinese equipment manufacturing brands [3]. Group 3: Future Development and Industry Impact - This collaboration is a significant move for upstream and downstream enterprises in the industry to adapt to development trends and integrate advantageous resources [4]. - The three parties will adhere to principles of mutual trust and complementary advantages, deepening cooperation in industry, technology, and market aspects, thereby contributing to the high-quality development of China's infrastructure, mining equipment, and heavy truck industries [4].