证券代码：000528 证券简称：柳 工 公告编号：2025-86 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 2025 年第二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： 1．本次股东大会未出现否决议案的情形。 2．本次股东大会不涉及变更前次股东大会决议的情形。 一、会议召开的情况 1. 召开时间： （1）现场会议时间：2025 年 11 月 12 日（星期三）14 时 15 分。 （2）网络投票时间：2025 年 11 月 12 日。 通过深圳证券交易所互联网投票系统投票的时间：2025 年 11 月 12 日 9:15~15:00。 通过深圳证券交易所交易系统进行网络投票的时间：2025 年 11 月 12 日 9:15～9:25； 9:30~11:30 和 13:00～15:00。 2. 召开地点：广西柳州市柳太路 1 号广西柳工机械股份有限公司 106 会议室。 3. 召开方式：本次股东大会采取现场投票与网络投票相结合的方式召开。 二、会议出席情况 1. 会议总体出席情况 4. 召集人： ...

上海礼辉律师事务所 关于广西柳工机械股份有限公司 2025 年第二次临时股东大会的 法律意见书 二〇二五年十一月 地址：上海市黄浦区淮海中路 918 号久事复兴大厦 10 楼 A 座 邮编：200020 电话：021-64338299 上海礼辉律师事务所 关于广西柳工机械股份有限公司 2025 年第二次临时股东大会的 法律意见书 致：广西柳工机械股份有限公司 上海礼辉律师事务所（下称"本所"）接受广西柳工机械股份有限公司 （下称"公司"）委托，根据《中华人民共和国公司法》（下称《公司法》）、 《上市公司股东会规则》（下称《股东会规则》）等现行有效的法律、行政法 规、规章、规范性文件及《广西柳工机械股份有限公司章程》（下称《公司章 程》）的有关规定，指派律师现场出席了公司于 2025 年 11 月 12 日召开的 2025 年第二次临时股东大会（下称"本次股东大会"），并就本次股东大会相关事 项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限 于： 1. 现行有效的《公司章程》； 2. 2025 年 10 月 25 日，公司刊登于深圳证券交易所网站的《广西柳工机械 股份有限公 ...

Group 1 - The core viewpoint of the articles highlights the recognition of seven listed companies in Guangxi for their high-quality information disclosure, achieving the highest rating of A-level, which represents a significant increase from the previous year [1] - The seven companies that received the A-level rating include Liugong, Beibu Gulf Port, Guohai Securities, Guilin Sanjin, Guiguan Electric Power, Liuyao Co., and Huayuan Co., with Guilin Sanjin achieving this rating for 13 consecutive years [1] - The improvement in information disclosure quality is seen as a benchmark for Guangxi's capital market, emphasizing the importance of transparency and compliance in fostering investor trust [1] Group 2 - The China Listed Companies Association recently announced the results of the 2025 internal control best practice case collection, with two companies from Guangxi recognized for their exemplary practices [2] - Guangxi Fenglin Wood Industry Group's submission on the intelligent internal control system based on "Beidou + Big Data + AI" was selected as a best practice case, while Beibu Gulf Port's submission on internal control for efficient operations was recognized as an excellent case [2] - The initiative aims to enhance corporate compliance and risk prevention, contributing to the establishment of a "Chinese model" for internal control practices [2]

Investment Rating - The investment rating for the machinery equipment industry is "Recommended" (maintained) [2] Core Viewpoints - The sales of excavators in October 2025 reached 18,096 units, a year-on-year increase of 7.77%. Domestic sales were 8,468 units, up 2.44%, while exports were 9,628 units, up 12.9%. For the period from January to October 2025, a total of 192,135 excavators were sold, marking a 17% year-on-year increase [5] - The sales of loaders in October 2025 totaled 10,673 units, a year-on-year increase of 27.7%. Domestic sales were 5,372 units, up 33.2%, and exports were 5,301 units, up 22.6%. From January to October 2025, 104,412 loaders were sold, reflecting a 15.8% year-on-year increase [5] - The industry is experiencing a clear recovery, driven by a new round of concentrated replacement cycles and the commencement of large projects such as the Yaxi Water Conservancy Project. Domestic demand is expected to improve, while structural overseas demand continues to grow, particularly in countries along the "Belt and Road" initiative [5] - Leading companies are enhancing their global market share through "technology upgrades and globalization," indicating strong medium to long-term growth momentum [5] Summary by Sections Sales Data - In October 2025, excavator sales were 18,096 units, with domestic sales at 8,468 units and exports at 9,628 units. Year-to-date sales from January to October reached 192,135 units [5] - Loader sales in October 2025 were 10,673 units, with domestic sales at 5,372 units and exports at 5,301 units. Year-to-date sales from January to October totaled 104,412 units [5] Investment Recommendations - The report suggests focusing on leading listed companies with a well-established global presence, including XCMG Machinery (000425.SZ), Sany Heavy Industry (600031.SH), LiuGong (000528.SZ), Shantui (000680.SZ), Hengli Hydraulic (601100.SH), and Zhongji United (605305.SH) [5]

Investment Rating - The report maintains an "Outperform" rating for the engineering machinery industry [2][7]. Core Viewpoints - The engineering machinery industry is experiencing a new development phase driven by domestic renewal demand recovery, rapid overseas export growth, and accelerated electrification transformation [2][3][4]. - The global engineering machinery market is projected to reach USD 237.6 billion in 2024, with a highly concentrated competitive landscape where the top three companies hold over 30% market share [2][21]. - Domestic demand is stabilizing and recovering, supported by infrastructure investment and equipment renewal policies, while electrification is expected to initiate a new growth cycle [3][27][39]. - Overseas exports are growing rapidly, driven by infrastructure construction in Belt and Road Initiative countries and the competitive strength of Chinese manufacturers [4][51][62]. Summary by Sections Domestic Market - Excavator sales in China are recovering, with a year-on-year increase of 21.50% in the first nine months of 2025 [3][27]. - The recovery is driven by three main factors: sustained infrastructure investment, the arrival of the equipment renewal cycle, and the expansion of application scenarios [3][34]. - The penetration rate of electric loaders reached 23% in the first three quarters of 2025, indicating a significant shift towards electrification [3][45]. Overseas Market - The export volume of excavators is expected to grow at a CAGR of 38% from 2015 to 2024, with significant opportunities in high-end markets in Europe and North America [4][51]. - In 2024, exports to Belt and Road countries reached USD 33.298 billion, accounting for 62.97% of total exports [58]. - The competitive landscape is shifting, with Chinese manufacturers increasing their market share in overseas markets [68][60]. Competitive Landscape - The global engineering machinery market is dominated by Caterpillar and Komatsu, with Chinese manufacturers like XCMG and SANY showing significant growth in market share [68][60]. - The overall market share of Chinese manufacturers increased from 13.4% in 2013 to 18.4% in 2024, indicating a positive trend [68][69]. Investment Value Analysis - The CSI Engineering Machinery Index focuses on leading companies in the sector, with over 50% of its weight in large-cap stocks [5][74]. - The index is currently valued at a historically high level, but with expected growth in domestic demand and global expansion, the industry is anticipated to experience significant profit growth [5][74].

Investment Rating - The report suggests a positive outlook for the engineering machinery sector, indicating a potential profit release for domestic manufacturers [5][11]. Core Insights - The report highlights significant advancements in humanoid robotics by companies like Xiaopeng and Tesla, with a projected mass production target set for 2026, which is expected to catalyze market growth [5]. - The engineering machinery sector is experiencing a recovery, with excavator sales in October 2025 reaching 18,096 units, a year-on-year increase of 7.77% [5][33]. - The report emphasizes the robust growth in gas turbine orders, particularly for Mitsubishi Heavy Industries, which saw a significant increase in new orders, reflecting a high industry demand [5][33]. Summary by Sections Market Review - The SW Machinery Equipment Index fell by 0.15% in the week of November 3-7, 2025, ranking 22nd among 31 primary industry categories, while the CSI 300 Index rose by 0.82% [14][17]. Key Data Tracking General Machinery - The manufacturing PMI for October was 49.0%, indicating continued pressure in the general machinery sector [24]. - Forklift sales in September 2025 reached 130,380 units, a year-on-year increase of 23.0% [24]. Engineering Machinery - The engineering machinery sector is on an upward trend, with excavator sales in October 2025 showing a 7.8% increase year-on-year [33]. - Domestic sales of excavators reached 8,468 units, up 2.4%, while exports totaled 9,628 units, up 12.9% [33]. Railway Equipment - The railway equipment sector is experiencing steady growth, with fixed asset investment maintaining a growth rate of around 6% [46]. Gas Turbines - The gas turbine sector is robust, with GEV reporting a 39% year-on-year increase in new orders for the first three quarters of 2025 [56]. Industry Dynamics - The report notes that the engineering machinery market is expected to benefit from a recovery in North America and Europe, with companies like XCMG, SANY, and LiuGong highlighted as key players to watch [5][11].

Meeting Information - The company will hold its second extraordinary general meeting of shareholders for 2025 on November 12, 2025 [1] - The meeting will be convened by the company's board of directors, following the approval of the proposal to hold the meeting at the fourth meeting of the tenth board on October 23, 2025 [1] - The meeting will be conducted in compliance with relevant laws, regulations, and the company's articles of association [1] Voting Details - The meeting will take place at 14:15 on November 12, 2025, with online voting available throughout the day [2][3] - Shareholders can vote via the Shenzhen Stock Exchange's internet voting system from 9:15 to 15:00 on the same day [3] - The voting method combines on-site and online voting, with shareholders required to choose one method for their votes [4] Registration Information - The record date for shareholders to attend the meeting is November 7, 2025 [5] - Eligible attendees include shareholders or their agents registered by the record date, company directors, supervisors, senior management, and appointed lawyers [6][7] - Registration will occur on November 11, 2025, at the company's office [9][10] Agenda and Proposals - The meeting will review specific proposals, with certain items requiring a two-thirds majority for approval [8] - Proposals have been pre-approved by the company's board and details are available in prior announcements [8] Additional Information - Contact details for the meeting are provided for inquiries [14] - Attendees are responsible for their own expenses related to the meeting [15] - The company will not accept telephone registrations, and late registrants may still attend [12][13]

2025-85 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 关于召开 2025 年第二次临时股东大会的提示性公告 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 25 日在《中国 证券报》及巨潮资讯网（www.cninfo.com.cn）披露了《柳工关于召开 2025 年第二次 临时股东大会的通知》（公告编号：2025-80），公司将于 2025 年 11 月 12 日召开 2025 年第二次临时股东大会，现将本次股东大会的有关事项提示如下： 证券代码：000528 证券简称：柳 工 公告编号： 3、会议召开的合法、合规性：本次股东大会的召集、召开程序符合有关法律、行 政法规、部门规章、规范性文件、深圳证券交易所业务规则及《公司章程》的规定。 4、会议召开的日期、时间： （1）现场会议时间：2025 年 11 月 12 日 14:15； （2）网络投票时间：2025 年 11 月 12 日。 通过深圳证券交易所互联网投票系统投票的时间：2025 年 11 月 12 ...

Core Insights - The engineering machinery sector experienced a slight increase of 0.05% on November 7, with Zhongji United leading the gains [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Engineering Machinery Sector Performance - Zhongji United (605305) closed at 48.26, up 2.31% with a trading volume of 120,500 shares and a transaction value of 581 million [1] - Shantui (000680) closed at 11.30, up 1.99% with a trading volume of 291,100 shares and a transaction value of 327 million [1] - TuoShan Heavy Industry (001226) closed at 38.32, up 1.35% with a trading volume of 11,800 shares and a transaction value of approximately 44.99 million [1] - Hengli Hydraulic (601100) closed at 94.22, up 1.15% with a trading volume of 112,900 shares and a transaction value of 1.061 billion [1] - Liugong (000528) closed at 12.07, up 1.09% with a trading volume of 477,800 shares and a transaction value of 572 million [1] - Other notable performers include Tongli Co. (665GOZG) up 1.01%, Zhejiang Dingli (603338) up 0.93%, and Sany Heavy Industry (600031) up 0.64% [1] Fund Flow Analysis - The engineering machinery sector saw a net outflow of 207 million from main funds, while retail investors contributed a net inflow of 1.48 billion [2] - Speculative funds recorded a net inflow of approximately 58.98 million [2]

Core Points - The "ASEAN Partners" media cooperation week is being held in Guangxi from November 3 to 7, 2025, showcasing China's manufacturing advancements [1] - A joint interview group of Chinese and foreign journalists visited Liuzhou, exploring SAIC-GM-Wuling's smart island factory and LiuGong's excavator smart factory, highlighting the new developments in Chinese manufacturing and the strength of "intelligent manufacturing" [1] Group 1 - The event aims to enhance media cooperation and understanding between ASEAN countries and China [1] - Journalists expressed amazement at the level of automation in the factories, noting that most tasks are performed by robots, indicating a significant shift towards automation in manufacturing [3]