关于控股股东增持股份计划时间过半的进展公告 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。 公司于 2025 年 7 月 25 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期限过半的告知函》，根据《深圳证券交 易所上市公司自律监管指引第 10 号——股份变动管理》的有关规定，现将本次增持 计划的进展情况公告如下： 证券代码：000528 证券简称：柳 工 公告编号：2025-60 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 三、增持计划实施的不确定风险 一、计划增持主体的基本情况 公司控股股东柳工集团基于对公司未来发展前景的信心和对公司长期价值的合理 判断，计划自 2025 年 4 月 26 日至 2025 年 10 月 25 日的 6 个月内，通过深圳证券 交易所交易系统以集中竞价交易的方式增持公司股份，增持金额区间为 2.5~5.0 亿元 人民币，资金来源为自有或自筹资金。 本次增持计划的具体内容详见公司于 2025 年 4 月 26 日披露的《关于控股股东增 持公司股份计划的公告》 ...

Investment Rating - The industry investment rating is "Overweight" [12] Core Viewpoints - The commencement of the Yarlung Zangbo River downstream hydropower project is expected to significantly benefit the engineering machinery sector, with a total investment of approximately 1.2 trillion yuan, making it the highest investment project in a single country [5][6] - The project will require a high degree of mechanization, with a projected demand for engineering machinery equipment amounting to about 120 billion yuan, which is estimated to be 10% of the total investment [5][6] - The geological conditions favor the use of tunnel boring machines (TBM), leading to an expected increase in the proportion of TBM construction methods [4][5] Summary by Sections General Engineering Machinery - General engineering machinery such as excavators, cranes, concrete machinery, and aerial work platforms will see increased demand due to the project's construction cycle and local conditions [4] - The demand for larger and electric equipment is anticipated to be higher, reflecting greater profitability for companies [4] Tunnel Boring Machinery - The project will utilize TBM and other drilling equipment, with expectations of more extensive tunnel construction compared to previous projects [4][5] - The average length of tunnels in similar projects has been noted to be around 16.7 kilometers, with the Yarlung Zangbo project expected to have even longer tunnels [4][5] Large Cable Cranes - Large cable cranes will be essential for transporting concrete and installing metal structures in the challenging mountainous terrain [4] Key Beneficiaries - Core companies to focus on include Sany Heavy Industry, XCMG, Zoomlion, LiuGong, and others for general engineering machinery; China Railway Engineering Corporation and others for tunnel boring machinery; and Farlantech for cable cranes [6]

Core Viewpoint - The company has announced the implementation of its 2023 stock option incentive plan, allowing 915 eligible participants to exercise a total of 19.820252 million stock options at a price of 6.63 yuan per share, which represents 0.98% of the company's total share capital [1][11]. Summary by Sections Incentive Plan Details - The stock options granted are referred to as "Liu Gong JLC1" with the option code 037367 [1]. - The total number of stock options available for exercise is 19.820252 million, which is 0.98% of the current total share capital [1]. - The exercise price for the options is set at 6.63 yuan per share [1]. Approval Process - The company held meetings on July 14, 2025, where the board and supervisory committee approved the conditions for the first exercise period of the stock option incentive plan [1][2]. - The plan has undergone necessary approval procedures, including independent opinions from the independent directors and verification by the supervisory committee [2][3]. Exercise Period and Conditions - The exercise period for the stock options will officially open on July 28, 2025, following the completion of necessary procedures by the China Securities Depository and Clearing Corporation [2]. - The first exercise period's waiting period has been completed, allowing eligible participants to exercise their options [8][11]. Compliance and Management - The exercise of options must comply with relevant laws and regulations, including restrictions on trading during sensitive periods [14]. - The funds raised from the exercise will be stored in a designated account to supplement the company's working capital [15]. Impact on Company Structure - If all options are exercised, the company's total share capital will increase by 19,820,252 shares, maintaining the current ownership structure without significant changes to the controlling shareholders [15]. - The impact on the company's earnings per share and return on equity is expected to be minimal [15]. Future Disclosures - The company will regularly disclose changes in the stock option incentive plan, including the status of participants and any adjustments to key parameters [16].

债券代码：127084 债券简称：柳工转2 证券代码：000528 证券简称：柳 工 公告编号：2025-59 广西柳工机械股份有限公司关于 2023 年股票期权激励计划首次授予部分第一个行权期 采用自主行权模式的提示性公告 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。 重要内容提示： 1. 广西柳工机械股份有限公司（以下简称"公司"）2023 年股票期权激励计划首次 授予部分期权简称：柳工 JLC1，期权代码：037367。 3. 本次行权采用自主行权模式。公司激励对象在符合规定的行权期内可通过主办 券商广发证券股份有限公司系统进行自主申报行权。 4. 行权股票来源：公司向激励对象定向发行本公司 A 股普通股。 5. 本次自主行权期限：2025 年 7 月 28 日至 2026 年 7 月 10 日止。 6. 本次可行权股票期权若全部行权，公司股份仍具备上市条件。 公司于 2025 年 7 月 14 日召开第十届董事会第二次（临时）会议和第十届监事会 第二次会议，审议通过了《关于 2023 年股票期权激励计划首次授予部分第一个行权期 行权条件成就的议案》， ...

Group 1 - The engineering machinery sector is experiencing a significant upward trend, with Southern Road Machinery (603280) reaching a new high [1] - Shanhe Intelligent (002097) has achieved four consecutive trading limit increases, while Tuoshan Heavy Industry (001226) has seen two consecutive limit increases [1] - Hengli Drilling Tools has risen over 15%, also reaching a new high, with other companies like Tietuo Machinery, Liugong (000528), Changling Hydraulic (605389), Shantui (000680), and Fushite (301446) following suit with price increases [1] Group 2 - Dark pool funds are flowing into these stocks, indicating increased investor interest [2]

Core Viewpoint - The China Convertible Bond Index opened lower by 0.01%, indicating a slight decline in the market sentiment towards convertible bonds [1] Group 1: Market Performance - Tianlu Convertible Bond and Surveying and Mapping Convertible Bond rose nearly 6%, showing strong performance among certain bonds [1] - Saili Convertible Bond increased by nearly 4%, reflecting positive investor interest [1] - Yirui Convertible Bond and Julong Convertible Bond both saw gains of over 3%, indicating a favorable trend [1] - Dayu Convertible Bond dropped by over 3%, suggesting some negative sentiment [1] - Xizi Convertible Bond, Liugong Convertible Bond, and Lidong Convertible Bond all fell by over 1%, highlighting a broader decline in certain bonds [1]

Group 1: Market Performance - The A-share market continued to rise, with the Shanghai Composite Index recording five consecutive days of gains, closing at 3581.86 points, up 0.62% [2] - The total trading volume in the Shanghai and Shenzhen markets reached 1.893 trillion yuan, an increase of 193 billion yuan compared to the previous trading day, marking the highest level since March 7 [2] - Over 2500 stocks in the market rose, with significant gains in sectors such as steel, machinery, and cement [2] Group 2: Infrastructure Development - The launch of the Yarlung Tsangpo River downstream hydropower project has boosted the infrastructure sector, with multiple stocks in the sector experiencing consecutive gains [3] - China Power Construction announced new contract amounts totaling 686.699 billion yuan for the first half of 2025, a year-on-year increase of 5.83%, with energy and power business contracts increasing by 12.27% [3] - The Yarlung Tsangpo River project is expected to significantly benefit companies involved in water conservancy, hydropower construction, tunneling, and related equipment [4] Group 3: Solid-State Battery Sector - The solid-state battery sector showed active trading, with companies like Xianhui Technology reaching a 20% limit-up [5] - Several companies reported advancements in solid-state battery production, with Fueneng Technology planning to establish a pilot line with a capacity of 0.2 GWh by the end of the year [5] - The solid-state battery industry is expected to accelerate its commercialization, particularly in high-demand sectors such as robotics and low-altitude applications [5] Group 4: Market Outlook - The A-share market is expected to maintain a strong upward trend, with the Shanghai Composite Index attracting more external funds [6] - Recent changes in the funding landscape indicate a potential shift towards more favorable conditions for RMB assets, with an increase in individual investors in the A-share market [6] - The current market environment is characterized by a healthy rotation among sectors, suggesting continued positive momentum [6]

Investment Rating - The industry investment rating is "Overweight (Maintain)" [1] Core Viewpoints - The report highlights the significant investment opportunity presented by the Yarlung Zangbo River hydropower project, which is the largest single investment in clean energy in recent years, with a total investment of approximately 1.2 trillion yuan, expected to generate three times the power output of the Three Gorges Project [5][6] - The establishment of the China Yarlung Group is seen as a key development to ensure the smooth construction and operation of the Yarlung hydropower project, indicating a rapid advancement phase for large strategic projects [5][6] - The report emphasizes the expected increase in demand for construction machinery and equipment due to the scale and complexity of the Yarlung hydropower project, particularly for companies that can provide advanced equipment suitable for harsh high-altitude conditions [6][7] Summary by Sections Industry Overview - The mechanical equipment industry is poised for growth driven by large-scale infrastructure projects like the Yarlung hydropower project, which has a planned installed capacity of approximately 70 million kilowatts and an annual power generation of about 300 billion kilowatt-hours [5][6] Investment Opportunities - Recommended companies for investment include: 1. Tunneling equipment manufacturers: China Railway Construction Heavy Industry, China Railway Industry, and Wuxin Tunneling Equipment 2. Excavators, loaders, cranes, and road machinery: XCMG, SANY Heavy Industry, Zoomlion, LiuGong, and Shantui 3. Cranes: Farlantek [7]

（原标题：柳工涨停，深股通龙虎榜上净卖出4765.44万元） 柳工今日涨停，全天换手率8.83%，成交额20.10亿元，振幅11.36%。龙虎榜数据显示，机构净卖出 3569.68万元，深股通净卖出4765.44万元，营业部席位合计净买入2252.01万元。 资金流向方面，今日该股主力资金净流入1.56亿元，其中，特大单净流入1.72亿元，大单资金净流出 1577.17万元。近5日主力资金净流入1.70亿元。 融资融券数据显示，该股最新（7月21日）两融余额为6.09亿元，其中，融资余额为6.03亿元，融券余额 为609.59万元。近5日融资余额合计增加6590.03万元，增幅为12.27%，融券余额合计增加99.60万元，增 幅19.53%。（数据宝） | 买/卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 深股通专用 | 7628.72 | 12394.16 | | 买二 | 国信证券股份有限公司内蒙古分公司 | 4712.25 | 4.99 | | 买三 | 东方证券股份有限公司无锡新生路证券营业部 | 3564. ...

资金面上看，今日雅下水电概念板块获主力资金净流出72.05万元，其中，20股获主力资金净流入，10 股主力资金净流入超5000万元，净流入资金居首的是中国电建，今日主力资金净流入2.66亿元，净流入 资金居前的还有柳工、浙富控股、铁建重工等，主力资金分别净流入1.56亿元、1.32亿元、1.20亿元。 资金流入比率方面，*ST正平、保利联合、东方电气等流入比率居前，主力资金净流入率分别为 100.00%、75.07%、69.61%。（数据宝） 雅下水电概念资金流入榜 截至7月22日收盘，雅下水电概念上涨11.77%，位居概念板块涨幅第1，板块内，30股上涨，五新隧 装、基康技术等30%涨停，铁建重工、深水规院等20%涨停，西宁特钢、保利联合、浙富控股等涨停， 三一重工、宝利国际、龙建股份等涨幅居前，分别上涨8.71%、6.94%、6.32%。跌幅居前的有四川路 桥、金盘科技等，分别下跌1.68%、1.03%。 | 代码 | 简称 | 今日涨跌幅 | 今日换手率 | 主力资金流量（万 | 主力资金净流入比率 | | --- | --- | --- | --- | --- | --- | | | | （%） | ...