柳工独立董事述职报告 广西柳工机械股份有限公司 独立董事 2024 年度述职报告 ——陈雪萍 本人于2021年12月30日当选广西柳工机械股份有限公司（以下简称"公司"）第九届 董事会独立董事。任职期间，本人按照《中华人民共和国公司法》《上市公司独立董事 管理办法》以及《公司章程》《公司独立董事工作制度》等相关规定勤勉尽责，积极参 与上市公司治理，提出意见和建议，并保持独立性，不受公司股东、实际控制人或者其 他与公司存在利害关系的单位或个人的影响，维护中小股东的合法权益不受损害。现将 本人2024年履行职责情况述职如下： 一、独立董事的基本情况（兼职情况） （一）工作履历、专业背景及兼职情况 陈雪萍女士，中国籍，无境外居留权，1969年2月出生，中共党员，汉族，本科学 历。现任上海京超企业管理咨询事务所负责人。 2001年12月至2019年2月在合益管理咨询（上海）有限公司任负责人职务，1997 年7月至2000年10月在美世管理咨询有限公司任北京分公司负责人职务。2021年5月起 担任本公司第八届、第九届董事会独立董事。 （二）不存在影响独立性的情况 作为公司的独立董事，本人具备《上市公司独立董事管理办法》 ...

广西柳工机械股份有限公司市值管理制度 第一章 总 则 第一条 广西柳工机械股份有限公司（以下简称"公司"）为加强市值管理工作，进一 步规范市值管理行为，维护公司、投资者的合法权益，积极响应《国务院关于进一步促进资 本市场健康发展的若干意见》中关于鼓励上市公司建立市值管理制度的号召，根据《中华人 民共和国公司法》《中华人民共和国证券法》《深圳证券交易所股票上市规则》《上市公司 监管指引第 10 号——市值管理（征求意见稿）》及其他有关法律法规，制订本制度。 第二条 本制度所称市值管理，是指上市公司以提高可持续健康发展质量为基础，为提 升投资价值和股东回报能力而实施的战略管理行为。 第三条 公司应制定市值管理规划，市值管理规划的制定必须符合公司使命、愿景、价 值观及企业精神，以公司战略为基础，只要公司持续经营，就要持续保障市值管理工作的开 展，市值管理是董事会的核心工作内容之一。 第四条 公司各层级员工应了解市值管理对公司的重要意义，并全力配合市值管理相关 工作开展。 第二章 市值管理的目的与基本原则 第五条 市值管理的主要目的是以公司可持续健康发展质量提升为前提，依法依规运用 公司治理、战略制定实施、经营管理、 ...

柳工独立董事述职报告 广西柳工机械股份有限公司 独立董事 2024 年度述职报告 ——李嘉明 本人于2021年12月30日当选广西柳工机械股份有限公司（以下简称"公司"）第九届 董事会独立董事。任职期间，本人按照《中华人民共和国公司法》《上市公司独立董事 管理办法》以及《公司章程》《公司独立董事工作制度》等相关规定勤勉尽责，积极参 与上市公司治理，提出意见和建议，并保持独立性，不受公司股东、实际控制人或者其 他与公司存在利害关系的单位或个人的影响，维护中小股东的合法权益不受损害。现将 本人2024年履行职责情况述职如下： 一、独立董事的基本情况（兼职情况） （一）工作履历、专业背景及兼职情况 李嘉明先生，中国籍，无境外居留权，1965年10月出生，中共党员，汉族，研究 生学历，经济学硕士，管理学博士，教授。 现为重庆大学经济与工商管理学院教师，兼任重庆华森制药股份有限公司、重庆农 村商业银行股份有限公司独立董事。 2009年8月至2011年12月担任重庆大学城市科技学院（独立学院）常务副院长； 2012年1月至2019年6月担任重庆大学审计处长；2019年7月至2021年9月担任重庆大学 资产经营公司董事长； ...

Financial Performance - The company reported a basic earnings per share of 0.6824 yuan for 2024, an increase of 53.42% compared to 0.4448 yuan in 2023 [1] - The net profit for 2024 was 13.27 billion yuan, reflecting a growth of 52.88% from 8.68 billion yuan in 2023 [1] - The return on equity (ROE) improved to 7.93% in 2024, up from 5.40% in 2023, marking a 46.85% increase [1] - Total revenue reached 300.63 billion yuan, a 9.24% increase from 275.19 billion yuan in the previous year [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 35,742.47 million shares, accounting for 24.12% of the circulating shares, with a change of 759,300 shares from the previous period [1] - Hong Kong Central Clearing Limited is the largest shareholder with 11,594.21 million shares, representing 7.83% of total share capital, having increased its holdings by 1,328.17 million shares [2] - The National Manufacturing Transformation and Upgrade Fund holds 5,408.45 million shares, maintaining its position without change [2] - New entrants among the top shareholders include several investment funds, such as China Bank's Jiashi Value Selection Fund, which holds 2,537.72 million shares [2] Dividend Distribution - The company announced a dividend distribution plan of 2.73 yuan per share (including tax) [4]

Financial Performance - The company's operating revenue for 2024 reached ¥30,062,709,198.12, representing a 9.24% increase compared to ¥27,519,122,309.99 in 2023[18] - Net profit attributable to shareholders for 2024 was ¥1,327,039,490.08, a significant increase of 52.92% from ¥867,811,519.99 in 2023[18] - The net profit after deducting non-recurring gains and losses was ¥1,137,811,327.38, which is a 100.10% increase from ¥568,623,375.22 in 2023[18] - Basic earnings per share for 2024 were ¥0.6824, up 53.42% from ¥0.4448 in 2023[20] - Total assets at the end of 2024 amounted to ¥47,907,158,015.10, reflecting a 2.85% increase from ¥46,578,044,988.89 at the end of 2023[20] - The net assets attributable to shareholders increased by 6.27% to ¥17,569,435,459.68 from ¥16,532,166,611.02 in 2023[20] - The cash flow from operating activities for 2024 was ¥1,327,100,919.70, a decrease of 18.53% from ¥1,628,961,753.49 in 2023[18] - The weighted average return on equity for 2024 was 7.93%, an increase of 2.53 percentage points from 5.40% in 2023[20] Market and Industry Position - The company ranked 19th among global construction machinery manufacturers, according to the Yellow Table 2024 by KHL Group[34] - The domestic market for construction machinery is currently stabilizing, with opportunities and challenges coexisting, driven by equipment replacement demand and new infrastructure projects[35] - The international construction machinery market is experiencing regional disparities, with high inflation and interest rates affecting the European and American markets, while emerging markets present growth opportunities[35] - The company has a significant presence in the domestic market for earth-moving machinery, maintaining a leading position in sales and market share[34] Product Development and Innovation - The company has a diverse product line with over 30 complete machine product lines, including earthmoving machinery, mining machinery, and agricultural machinery, positioning itself as a global leader in equipment and technology solutions[40] - The company has successfully developed a comprehensive risk control process for credit sales, ensuring effective management of credit risks associated with dealers and end customers[45] - The penetration rate of new energy engineering machinery continues to rise, indicating a significant trend towards electrification and digitalization in the industry[36] - The company has been focusing on internationalization, with key overseas markets becoming crucial for balancing domestic market fluctuations[36] - The company has successfully launched its comprehensive solution 2.0, covering 21 application scenarios across 7 major industries, enhancing its service offerings[62] - The company has launched 29 electric products and plans to release over 20 more in 2024, with a total of over 90 electric products developed across 11 product lines, achieving a 60%-70% reduction in usage costs and a 20% increase in operational efficiency[73] - The company has successfully developed 236 new product projects in the last three years, including large-scale products such as a 90-ton electric excavator and a globally first electric drive rigid dump truck[75] Research and Development - The company has maintained a research and development investment ratio of over 3% for several consecutive years, receiving 3 National Science and Technology Progress Awards and 64 provincial and ministerial-level science and technology awards in the past five years[51] - The company reported a research and development (R&D) investment of ¥1,237,978,931.67 in 2024, an increase of 18.24% compared to ¥1,047,035,925.05 in 2023, representing 4.11% of operating revenue[109] - The number of R&D personnel increased to 2,169 in 2024, up by 10.72% from 1,959 in 2023, with a higher proportion of bachelor's degree holders at 1,394, reflecting a 21.53% increase[109] International Expansion - The company has set up four overseas manufacturing bases in India, Brazil, Argentina, and Indonesia, significantly enhancing its international business presence[54] - The overseas business has achieved substantial growth, becoming a crucial safeguard against industry cyclical fluctuations, with a significant increase in its proportion of total revenue[54] - The company is actively pursuing international market growth while ensuring a balanced risk profile between domestic and international operations[152] - The company is implementing a comprehensive internationalization strategy to deepen its presence in key overseas markets[152] Corporate Governance and Management - The company has established a robust ESG framework, integrating environmental, social, and governance strategies into its sustainable development initiatives[60] - The company’s management team is recognized for its international experience and commitment to sustainable practices, contributing to long-term value creation[56] - The company has implemented a series of governance improvements, including optimizing decision-making processes and enhancing employee engagement through incentive mechanisms[59] - The company has established an independent HR management department and a financial department to maintain operational independence from the controlling shareholder[168][169] - The company has a complete and independent supply, production, sales, and R&D system, ensuring operational autonomy[172] Financial Management - The company has ongoing significant non-equity investments, with a total actual investment of ¥227,901,226.24 during the reporting period[123] - The company has established risk control measures including a dedicated team for risk assessment and management of derivative investments[128] - The company has not engaged in speculative derivative investments during the reporting period[129] - The company has implemented regular audits and disclosures to ensure compliance with regulatory requirements[128] Future Outlook - The company aims to achieve a revenue of 34.6 billion CNY by 2025, with a target to increase the net profit margin by over 1 percentage point[147] - The company plans to enhance shareholder value through improved profitability, focusing on domestic marketing strategies and international market expansion[147] - The company anticipates challenges in the international market due to geopolitical risks and economic uncertainties, but sees potential growth in infrastructure projects along the Belt and Road Initiative[142] - Future outlook suggests continued growth, with performance guidance indicating a projected revenue increase of 15% year-over-year for the next fiscal year[193]

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：2025-12 广西柳工机械股份有限公司 关于举行 2024 年年度网上业绩说明会的公告 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"）将于 2025 年 3 月 29 日披露《柳工 2024 年年度报告》及其摘要。为方便广大投资者更加全面深入地了解公司的战略规划 及实际经营情况，公司定于 2025 年 3 月 31 日（星期一）通过网络方式举办 2024 年年 度业绩说明会，与投资者进行沟通交流，具体情况如下： 一、业绩说明会召开时间和方式 召开时间：2025 年 3 月 31 日（星期一）15:00-16:30 召开方式：网络及电话会议 二、公司出席人员 （一）董事长兼 CEO 曾光安先生，独立董事李嘉明先生； （二）高级副总裁文武先生、高级副总裁罗国兵先生、董事会秘书黄华琳先生、总 工程师林明智先生、会计机构负责人樊丽君女士、电动技术与产品研究院院长赵明先生 及相关部门负责人。 三、投资者参与方式 （一）报名方式 ...

Investment Rating - The report gives a "Buy" rating for the company, indicating a positive outlook for its future performance [4][15][6]. Core Viewpoints - The company is a well-established state-owned enterprise in the engineering machinery sector, with a solid industry position and a diverse product line [25][26]. - The company is expected to benefit significantly from the recovery of industry demand driven by equipment upgrades and macroeconomic policies [1][45]. - The rapid electrification of loaders presents substantial growth opportunities for the company's revenue [2][3]. - The company has a strong potential for export growth, particularly in emerging markets, which will support its overall performance [3][13]. - The mixed-ownership reform has injected new growth momentum into the company, opening up new business lines [4][5]. Summary by Sections Company Overview - The company was founded in 1958 and has evolved into a major manufacturer of various types of machinery, achieving a revenue of 27.52 billion yuan in 2023, ranking 19th globally and 4th domestically in the engineering machinery sector [25][26]. - The company has a strong market share in loaders, with 19,000 units sold in 2023, maintaining its leading position in the domestic market [26][30]. Growth Logic - **Equipment Upgrades**: The engineering machinery industry is currently at a cyclical low, but demand is expected to recover as macro policies take effect, with significant support from equipment upgrades [1][45]. - **Loader Electrification**: The electrification of loaders is accelerating, with a projected sales growth of 212.1% in 2024, indicating a substantial market expansion opportunity [2][3]. - **Export Potential**: The export value of China's engineering machinery has grown significantly, with the company achieving overseas revenue of 11.46 billion yuan in 2023, representing a 41.7% share of total revenue [3][41]. - **Mixed-Ownership Reform**: The reform has improved operational efficiency and broadened the product range, with new business lines expected to contribute positively to overall performance [4][5]. Financial Forecast and Valuation - The company is projected to achieve net profits of 1.38 billion, 2.12 billion, and 2.74 billion yuan for the years 2024 to 2026, respectively, with corresponding P/E ratios of 19, 12, and 9 [4][15]. - The revenue growth rate is expected to be 9.83% in 2024, 17.57% in 2025, and 15.14% in 2026, indicating a robust growth trajectory [5][15].

Investment Rating - The report gives a "Buy" rating for the company, indicating a positive outlook for its future performance [4][15][6]. Core Viewpoints - The company is a well-established state-owned enterprise in the engineering machinery sector, with a solid industry position and a diverse product line [25][26]. - The company is expected to benefit significantly from the recovery of industry demand driven by equipment upgrades and macroeconomic policies [1][45]. - The rapid electrification of loaders presents substantial growth opportunities for the company's revenue [2][3]. - The company's international expansion and export potential remain strong, with significant growth in overseas revenue [3][41]. - The mixed-ownership reform has injected new growth momentum into the company, broadening its product offerings [4][5]. Summary by Sections Company Overview - The company was founded in 1958 and has evolved into a major manufacturer of various types of machinery, achieving a revenue of 27.52 billion yuan in 2023, ranking 19th globally and 4th domestically in the engineering machinery sector [25][26]. - The company has a strong market share in the domestic loader market, with 19,000 units sold in 2023 [26]. Growth Logic - **Equipment Upgrades**: The engineering machinery industry is at a cyclical low, but demand is expected to recover as infrastructure and real estate sectors improve. The company is projected to benefit from this recovery [1][45]. - **Loader Electrification**: The electrification of loaders is accelerating, with a projected sales growth of 212.1% in 2024. The market size for electric loaders could reach 501.1 billion yuan by 2026 [2][3]. - **Export Potential**: From 2014 to 2024, China's engineering machinery export value increased from 19.79 billion USD to 52.86 billion USD, with the company achieving 11.46 billion yuan in overseas revenue in 2023, a 41.2% increase [3][41]. - **Mixed-Ownership Reform**: The reform has improved operational efficiency and expanded product categories, with new business lines expected to contribute significantly to overall performance [4][5]. Financial Forecast and Valuation - The company is projected to achieve net profits of 1.38 billion yuan, 2.12 billion yuan, and 2.74 billion yuan for the years 2024 to 2026, respectively, with corresponding P/E ratios of 19, 12, and 9 [4][15]. - The revenue growth rate is expected to be 9.83% in 2024, 17.57% in 2025, and 15.14% in 2026, indicating a positive trend in financial performance [5][15].

证券代码：000528 证券简称：柳 工 公告编号：2025-11 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 关于可转换公司债券 2025 年付息的公告 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。 重要提示： 1. 柳工转 2（转债代码：127084）将于 2025 年 3 月 27 日按面值支付第二年利 息，每 10 张"柳工转 2"（面值 1,000.00 元）利息为 4 元（含税）； 2. 债权登记日：2025 年 3 月 26 日（星期三）； 3. 除息日：2025 年 3 月 27 日（星期四）； 4. 付息日：2025 年 3 月 27 日（星期四）； 5. "柳工转 2"票面利率：第一年 0.20%，第二年 0.40%，第三年 1.00%，第四年 1.50%，第五年 2.30%，第六年 3.00%； 6. "柳工转 2"本次付息的债权登记日为 2025 年 3 月 26 日，凡在 2025 年 3 月 26 日（含）前买入并持有本期债券的投资者享有本次派发的利息。2025 年 3 月 26 日卖出 本期债券的投资者 ...

证券代码：000528 证券简称：柳 工 公告编号：2025-10 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 关于续签募集资金监管协议的公告 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。 一、募集资金基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）《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）的核准，广西 柳工机械股份有限公司（以下简称"公司"）向不特定对象发行可转换公司债券（以下简 称"本次可转债"）3,000.00 万张，每张面值人民币 100.00 元，总额为人民币 30 亿 元，扣除各项发行费用（不含税）后的实际募集资金净额为人民币 2,993,696,226.63 元。本次可转债募集资金扣除保荐承销费后的余额已由主承销商华泰联合证券有限责 任公司（以下简称"华泰联合"）于 2023 年 3 月 31 日汇入公司开立的募集资金专用账 户。致同会计师事务所（特殊普通合伙）已于 2023 年 3 月 31 日对本次发行募集资金 到账情况进行了审验，并出具了《广西 ...