一、召开会议的基本情况 (一)股东会届次：本次股东会是公司 2025 年第四次临时股东会。 证券代码：000680 证券简称：山推股份 公告编号：2025-070 山推工程机械股份有限公司 关于召开 2025 年第四次临时股东会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 山推工程机械股份有限公司（以下简称"公司"）第十一届董事会第十八次会议 决定于 2025 年 9 月 9 日（星期二）召开 2025 年第四次临时股东会，现将会议情况通 知如下： (二)股东会的召集人：公司第十一届董事会。 (三)会议召开的合法、合规性：本届董事会认为本次股东会的召开程序符合有关 法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 (四)会议召开日期和时间： 现场会议时间：2025 年 9 月 9 日（星期二）下午 14:00。 网络投票时间：2025 年 9 月 9 日（星期二），其中： 午 9:15-9:25，9:30-11:30，下午 13:00-15:00； 月 9 日上午 9:15 至下午 15:00 的任意时间。 (五)会议召开方式：本次股东 ...

证券代码：000680 证券简称：山推股份 公告编号：2025-071 山推工程机械股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示 一、会议召开和出席情况 (一)会议召开情况 (1)现场会议时间：2025 年 8 月 22 日（星期五）下午 14:00。 (2)网络投票时间：2025 年 8 月 22 日（星期五），其中： ①通过深圳证券交易所交易系统进行网络投票的具体时间为：22025年8月22日上 午9:15-9:25，9:30-11:30，下午13:00-15:00； ②通过深圳证券交易所互联网投票系统进行网络投票的具体时间为：2025年8月22 日上午9:15至下午15:00的任意时间。 股票上市规则》及本公司《公司章程》等法律、法规及规范性文件的规定。 （二）会议的出席情况 出席本次股东大会现场会议和网络投票表决的股东及股东代理人共 929 人，代表 股份 798,639,005 股，占公司有表决权股份总数的 53.4349%。 出席现场会议的股东及股东代理人共 9 人，代表股份 603,790,585 股，占公司有 表决权股 ...

Core Viewpoint - The legal opinion letter confirms that the procedures for the third extraordinary general meeting of shareholders of Shantui Construction Machinery Co., Ltd. are in compliance with relevant laws and regulations, and the resolutions passed during the meeting are valid and effective [2][31]. Group 1: Meeting Procedures - The third extraordinary general meeting of shareholders was held on August 22, 2025, with a notice published on August 7, 2025, meeting the requirement of a 15-day notice period [4][5]. - The meeting utilized both on-site and online voting systems, allowing shareholders to exercise their voting rights through the Shenzhen Stock Exchange [5][6]. - The convening and holding procedures of the meeting were verified to comply with applicable laws, regulations, and the company's articles of association [5][31]. Group 2: Qualifications of Participants - The 11th Board of Directors of Shantui approved the convening of the meeting on July 15, 2025, and acted as the convener [6]. - A total of 929 shareholders attended the meeting, representing 798,639,005 shares, which is 53.4349% of the total voting shares [6][31]. - The qualifications of the conveners and attendees were confirmed to be legal and valid [6][31]. Group 3: Resolutions Passed - The meeting passed several resolutions, including the issuance of H-shares and the listing on the Hong Kong Stock Exchange, with significant support from shareholders [8][14]. - The voting results showed that the resolutions received overwhelming approval, with most resolutions passing with over 99% support from attending shareholders [8][10][14]. - The resolutions related to the use of raised funds and the appointment of auditors were also approved with similar high levels of support [14][18][31]. Group 4: Voting Procedures - The voting process combined on-site and online methods, ensuring transparency and accessibility for all shareholders [7][31]. - The results of the votes were announced immediately after the counting process, with both on-site and online votes being aggregated [7][31]. - The voting procedures adhered to the legal requirements and the company's governance rules [7][31].

Core Viewpoint - Shantui Construction Machinery Co., Ltd. reported a revenue of 7,003.57 million yuan for the first half of 2025, reflecting a 3.02% increase compared to the same period last year, with a net profit attributable to shareholders of 568.29 million yuan, up 8.78% year-on-year [2][22]. Company Overview and Financial Indicators - The company operates in the construction machinery industry, which is a significant part of China's equipment manufacturing sector, including various machinery types such as bulldozers, excavators, and concrete machinery [3][4]. - The company has a complete product chain covering main machinery products and core components, with a focus on technological innovation and product quality [5][17]. - The company’s total assets at the end of the reporting period were 18,078.39 million yuan, showing a decrease of 1.15% from the previous year [2]. Industry Characteristics - The construction machinery industry is highly correlated with macroeconomic conditions and fixed asset investments, experiencing cyclical demand influenced by government policies and infrastructure investments [3][4]. - The industry is witnessing a recovery in 2025, driven by factors such as increased domestic demand, special bond issuance, and accelerated equipment upgrades [3][4]. Business Analysis - The company’s main products include bulldozers, excavators, loaders, and road machinery, with a sales model that combines agency and direct sales [8][22]. - The company has been expanding its overseas market presence, establishing four overseas subsidiaries and enhancing its dealer network [22][23]. - The company emphasizes technological innovation, having launched the world's first AI bulldozer and focusing on high-end product development [18][22]. Competitive Landscape - The construction machinery market is becoming increasingly concentrated, with leading companies gaining market share due to their advantages in product quality, service, and scale [4][5]. - The company is positioned among the top players in the industry, with a market share of over 60% in the domestic bulldozer market [19][22]. Innovation and Development - The company has made significant advancements in smart construction technology, including the development of intelligent machinery and a smart engineering service platform [18][22]. - The company is committed to enhancing its R&D capabilities, with a focus on core technologies and high-end products to maintain a competitive edge [17][18]. Brand and Cultural Development - The company has maintained a leading brand value in the industry, with initiatives to enhance its brand influence through various marketing activities and participation in international exhibitions [19][20]. - The company promotes a culture of integrity and collaboration, which is integral to its operational strategy and employee engagement [20][21].

Core Viewpoint - The semi-annual report of Shantui Construction Machinery Co., Ltd. indicates a revenue increase and improved profitability, reflecting the company's operational resilience and strategic initiatives in the construction machinery sector [1][2]. Financial Performance - The company's operating revenue for the reporting period reached approximately 7.00 billion yuan, representing a year-on-year increase of 3.02% compared to 6.51 billion yuan in the same period last year [1]. - The net profit attributable to shareholders was approximately 558.80 million yuan, showing a significant increase of 36.48% from 409.45 million yuan in the previous year [1]. - Basic earnings per share rose to 0.3788 yuan, up 8.82% from 0.2788 yuan in the previous period [2]. Cash Flow and Assets - The net cash flow generated from operating activities was not specified, but the total assets at the end of the reporting period were approximately 18.08 billion yuan, a decrease of 1.15% from the previous year's end [2]. - The net assets attributable to shareholders were not detailed, but the report indicates a stable financial position [2]. Shareholder Information - The major shareholders include Shandong Heavy Industry Group Co., Ltd. with a 24.29% stake and Weichai Power Co., Ltd. with a 15.78% stake, indicating significant state-owned enterprise involvement [2][3]. - The total number of ordinary shareholders at the end of the reporting period was 59,119 [2]. Business Operations - The company engaged in significant sales through various financing methods, including a total of approximately 125.78 million yuan through the "repurchase warehouse" method, accounting for 1.80% of total revenue [4]. - The report also highlights that the company had no sales through the mortgage method during the reporting period, indicating a potential area for future growth [5]. Investment Activities - The company participated in a capital increase for Shandong Heavy Industry Group Financial Company, contributing 261.36 million yuan as part of a total increase of 5.57 billion yuan, which was approved in a shareholder meeting [7].

Core Viewpoint - The company has announced a mid-term profit distribution plan for 2025, proposing a cash dividend of 0.35 yuan per 10 shares, totaling approximately 52.31 million yuan to be distributed to shareholders [1][2][3] Group 1: Profit Distribution Plan - The profit distribution plan is based on a total share capital of 1,500,142,612 shares, deducting 5,541,050 shares held in the repurchase account, resulting in a distribution base of 1,494,601,562 shares [1][2] - The company will not issue bonus shares or increase capital from the capital reserve, with remaining undistributed profits carried forward to future periods [1][2] - The plan has been approved by the board of directors and the supervisory board, and it aligns with the company's long-term development needs and regulatory requirements [1][2][3] Group 2: Financial Performance - For the first half of 2025, the company reported a net profit attributable to the parent company of approximately 568.29 million yuan, with retained earnings at the end of the month amounting to about 3.76 billion yuan [2] - The proposed cash dividend reflects the company's commitment to return value to shareholders while ensuring sufficient funds for future business development [3] Group 3: Rationale for Cash Dividend - The cash dividend plan is designed to reward shareholders and share the company's operational success, while also considering future funding needs [3] - The plan complies with relevant laws and regulations, ensuring it does not adversely affect the company's financial stability or the interests of shareholders, particularly minority shareholders [3]

Core Points - The company held its 18th meeting of the 11th Board of Directors on August 12, 2025, with all 9 directors present, ensuring the legality and validity of the meeting [1] - The board approved the 2025 semi-annual report and its summary, with a unanimous vote of 9 in favor [2] - The board also approved the report on asset impairment provisions and asset write-offs for the first half of 2025, which will be submitted to the fourth extraordinary general meeting of shareholders for review [2][3] - A risk assessment report for Shandong Heavy Industry Group Financial Co., Ltd. for the first half of 2025 was approved, with 7 votes in favor after related directors abstained from voting [3] - The board approved an increase in the daily related transaction limits for 2025, with 7 votes in favor after related directors abstained from voting [3] - The mid-year profit distribution plan for 2025 was approved, proposing a cash dividend of 0.35 yuan per 10 shares, totaling approximately 52.31 million yuan, with no stock dividends or capital reserve transfers [3][4] - The board also approved the proposal to convene the fourth extraordinary general meeting of shareholders for 2025, with a unanimous vote of 9 in favor [5]

Group 1 - The meeting of the independent directors of Shantui Construction Machinery Co., Ltd. was held on August 22, 2025, via communication voting, with all three independent directors present, meeting the requirements of relevant regulations [1][2] - The independent directors unanimously approved the risk assessment report for Shandong Heavy Industry Group Financial Co., Ltd. for the first half of 2025, indicating that the financial company's operational qualifications, business, and risk status are controllable [1][2] - The company has established an emergency response plan for deposit business risks with Shandong Heavy Industry Group Financial Co., Ltd., which is designed to effectively prevent, control, and mitigate financial risks [1] Group 2 - The independent directors also approved the proposal to increase the daily related transaction limits for 2025, which reflects the actual needs of the company's production and operations [2] - The approval process for the adjustment of daily related transaction limits complied with relevant laws and regulations, ensuring that the interests of the company and other shareholders are not harmed [2]

Core Viewpoint - Shantui Construction Machinery Co., Ltd. reported a revenue of 7.004 billion yuan for the first half of 2025, reflecting a year-on-year growth of 3.02% [1] - The net profit attributable to shareholders reached 568 million yuan, marking an increase of 8.78% year-on-year [1] - The net profit excluding non-recurring gains and losses was 559 million yuan, showing a significant year-on-year growth of 36.48% [1] - The basic earnings per share stood at 0.3788 yuan [1] Financial Performance - Revenue: 7.004 billion yuan, up 3.02% year-on-year [1] - Net Profit: 568 million yuan, up 8.78% year-on-year [1] - Net Profit (excluding non-recurring items): 559 million yuan, up 36.48% year-on-year [1] - Basic Earnings per Share: 0.3788 yuan [1]

山推工程机械股份有限公司 2025 年半年度报告全文 山推工程机械股份有限公司 2025 年半年度报告 第一节 重要提示、目录和释义 1、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。 2、公司董事长李士振先生、总经理张民先生、主管会计工作负责人曲洪坤女士及会 计机构负责人刘营先生声明：保证本半年度报告中财务报告的真实、准确、完整。 山推工程机械股份有限公司 2025 年半年度报告 （000680） 二○二五年八月 4、本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，投资 者及相关人士均应当对此保持足够的风险认识，并且应当理解计划、预测与承诺之间的差 异。 3、所有董事均已出席了审议本次半年报的董事会会议。 山推工程机械股份有限公司 2025 年半年度报告全文 备查文件目录 5、公司在本半年度报告第三节管理层讨论与分析中，描述了影响公司未来发展战略 和经营目标的风险因素及对策，敬请查阅。《中国证券报》、《证券时报》和巨潮资讯网 （www.cninfo.com.cn）为公司信息披露指定媒体 ...