Core Viewpoint - Jining City is implementing a comprehensive strategy for industrial economic development, focusing on the transformation and upgrading of traditional industries, the cultivation of emerging industries, and the forward-looking layout of future industries, effectively fostering new quality productive forces and achieving significant results in high-quality development [1][9][13]. Group 1: New Quality Productive Forces - New quality productive forces are defined as advanced productive forces characterized by high technology, high efficiency, and high quality, driven by innovation and aligned with new development concepts [2]. - Jining's strategy includes a "232" industrial cluster framework, forming a gradient industrial system with two trillion-level industries (new energy, high-end equipment), three hundred billion-level industries (high-end chemicals, new materials, food), and two hundred billion-level industries (new generation information technology, pharmaceuticals) [1][13]. Group 2: Economic Performance - Jining's GDP is projected to reach 586.75 billion yuan in 2024, with a year-on-year growth of 5.8%, showcasing robust economic resilience and vitality [3]. - The tertiary industry added value reached 305.54 billion yuan, growing by 6.8%, becoming the main engine for economic growth, while the secondary industry added value was 217.6 billion yuan, growing by 5.1% [3]. Group 3: Industrial Development - The industrial economy in Jining is expected to achieve high-quality development, with industrial added value reaching 185.55 billion yuan in 2024, a year-on-year increase of 6.2% [5]. - Significant projects in traditional industries include over 1,100 industrial technological transformation projects, with 249 projects included in the provincial technological transformation directory [5]. Group 4: Innovation and Market Dynamics - Jining has seen a market entity scale exceeding one million, reaching 1.016 million households, with 1,700 new "Four Up" enterprises added [7]. - The city has strengthened its innovation capabilities, with a 13% year-on-year increase in R&D expenditure and the number of high-tech enterprises reaching 1,800 [7]. Group 5: Policy Framework - Jining has introduced several policies to support the development of new quality productive forces, including plans for large-scale equipment updates and the development of the medical and health industry [9][10]. - The government emphasizes the importance of creating a modern industrial system and has set six key tasks to achieve this goal, including promoting the integration of technology and industry [10][11]. Group 6: Future Industry Layout - Jining is focusing on future industries such as aerospace, life sciences, and intelligent robotics, with plans for hydrogen energy preparation and low-altitude economy projects [19][24]. - The city aims to establish a complete innovation chain in the new energy sector, from lithium battery materials to energy storage systems, with ongoing investments in R&D [25][26].

证券代码：000680 证券简称：山推股份 公告编号：2025-043 山推工程机械股份有限公司 关于以集中竞价方式首次回购公司股份的公告 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。 山推工程机械股份有限公司（以下简称"公司"）于 2025 年 4 月 22 日，召开第十 一届董事会第十五次会议，审议通过了《关于山推股份回购公司部分股份的议案》。公 司拟使用自有资金或自筹资金（含股票回购专项贷款资金），以集中竞价交易方式回购 公司发行的人民币普通股（A 股）股份。本次回购的股份，在未来适宜时机将全部用于 股权激励计划或实施员工持股计划。本次回购股份金额不低于人民币1.5亿元（含本数）， 不超过人民币 3 亿元（含本数），本次回购价格不超过人民币 13.88 元/股。按照回购 股份价格上限人民币 13.88 元/股测算，预计回购股份数量为 1,080.69 万股至 2,161.38 万股，占公司当前总股本的比例为 0.72%-1.44%，具体以公司公告回购方案实施完毕之 日的实际回购股份数量为准。本次回购股份的实施期限为自董事会审议通过回购股份方 案之日起 ...

证券代码：000680 证券简称：山推股份 公告编号：2025-042 二、其他说明 公司已完成回购专用证券账户开户办理事宜，后续将根据市场情况在回购期限内择 机实施本次回购股份方案，并根据相关规定及时履行信息披露义务，请投资者注意投资 风险。 特此公告。 山推工程机械股份有限公司董事会 山推工程机械股份有限公司 关于回购股份方案实施进展的公告 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。 山推工程机械股份有限公司（以下简称"公司"）于 2025 年 4 月 22 日，召开第十 一届董事会第十五次会议，审议通过了《关于山推股份回购公司部分股份的议案》。公 司拟使用自有资金或自筹资金（含股票回购专项贷款资金），以集中竞价交易方式回购 公司发行的人民币普通股（A 股）股份。本次回购的股份，在未来适宜时机将全部用于 股权激励计划或实施员工持股计划。本次回购股份金额不低于人民币1.5亿元（含本数）， 不超过人民币 3 亿元（含本数）。回购价格按照上限不高于公司董事会审议通过回购股 份方案决议前 30 个交易日公司股票交易均价的 150%，即不高于人民币 13.88 ...

Core Viewpoint - Leading engineering machinery companies are targeting the Hong Kong stock market for H-share listings to enhance international brand influence and attract global capital for overseas expansion [2][4][5]. Group 1: Company Actions - Shantui Construction Machinery Co., Ltd. announced plans for H-share issuance and listing on the Hong Kong Stock Exchange [4]. - Sany Heavy Industry Co., Ltd. submitted an application for H-share issuance and listing on the Hong Kong Stock Exchange [5]. - Both companies aim to strengthen their global strategies and improve competitiveness through these listings [4][5]. Group 2: Market Context - The engineering machinery sector is facing challenges due to declining domestic infrastructure demand and geopolitical factors affecting markets like Russia [2][9]. - The global engineering machinery market is expected to grow steadily, with Chinese companies increasing their overseas revenue share significantly from 9.6% in 2020 to 55.8% in 2024 [6][8]. Group 3: Financial Projections - Sany Heavy Industry's overseas revenue is projected to grow from 36.789 billion yuan in 2022 to 48.86 billion yuan in 2024, with a compound annual growth rate of 15.2% [7]. - Shantui's overseas revenue as a percentage of total revenue increased from 24.94% in 2021 to 55.77% in 2023, with a target of 90 billion yuan in overseas revenue by 2025 [7][9]. Group 4: Strategic Recommendations - Industry experts suggest that Chinese manufacturing companies should enhance technological innovation and establish "Chinese standards" to gain market control [2][9]. - Companies are encouraged to collaborate across the supply chain to create synergies and strengthen market positions [9].

Core Viewpoint - Shantui Co., Ltd. is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and connect with overseas capital markets [2][3] Group 1: Company Overview - Shantui is a leading enterprise in the Chinese machinery industry, particularly known for its bulldozers, maintaining over 60% market share in China [7] - The company has achieved steady growth in revenue and net profit for five consecutive years, with a revenue of 142.19 billion yuan in 2024, up 25.12% year-on-year, and a net profit of 11.02 billion yuan, up 40.72% year-on-year [7][8] Group 2: International Expansion - In 2024, Shantui's overseas business generated 74.11 billion yuan in revenue, a 26.08% increase, accounting for 52.12% of total revenue [4] - The company has seen significant growth in overseas markets, with main products generating 66.7 billion yuan in revenue, a 30% increase [5] - Despite challenges in the Russian market, Shantui has experienced growth in other regions such as Europe, Africa, and Southeast Asia, with expectations of a 30% revenue increase in Africa for the year [5] Group 3: Future Goals and Strategies - Shantui aims to achieve a revenue target of 157 billion yuan in 2025, with 90 billion yuan expected from overseas [6] - The company is focusing on technological innovation, with R&D expenses totaling 12.04 billion yuan from 2023 to Q1 2025, representing 4.91% to 3.15% of revenue [9] - A recent acquisition of 100% of Shandong Heavy Industry's excavator business for 18.41 billion yuan is expected to enhance profitability and asset scale [9][10]

Core Viewpoint - Shantui Construction Machinery Co., Ltd. is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and competitiveness, with the details still under discussion [1] Group 1: Company Overview - Shantui is a leading enterprise in the domestic bulldozer industry, engaged in the research, development, manufacturing, sales, leasing, maintenance, and technical consulting of construction machinery, mining machinery, and agricultural machinery [1] - The company has seen significant growth in its overseas business, with 57.41% of its main business revenue coming from overseas exports in 2024 [2] Group 2: Market Dynamics - The company is restructuring its "9+2" overseas marketing network, which has expanded its marketing, technical, and service personnel, enhancing its revenue structure and risk resistance [2] - The engineering machinery industry is showing signs of recovery, with expectations of improved demand and performance in the coming periods [6]

Group 1: Economic and Industry Updates - China announced a unilateral visa exemption policy for Saudi Arabia, Oman, Kuwait, and Bahrain, effective from June 9, 2025, to June 8, 2026, allowing ordinary passport holders to enter China for up to 30 days without a visa [1] - The Ministry of Finance reported that from January to April 2025, the total operating revenue of state-owned and state-controlled enterprises was 262,755.0 billion yuan, remaining flat year-on-year, while total profit decreased by 1.7% to 13,491.4 billion yuan [2] - A meeting on semiconductor cooperation between China and the EU emphasized the importance of collaboration in the global semiconductor supply chain, with a commitment to oppose unilateralism and ensure supply chain stability [2] - The National Healthcare Security Administration announced a verification of retail pharmacy pharmacists to ensure compliance with labor contracts and prohibit "hanging certificates" or part-time practices [2] Group 2: Company News - Zhongqi Co. has project approval for chlorantraniliprole but has not yet commenced production [4] - Tongda Electric's stock may be subject to market sentiment risks and irrational speculation [4] - ST Longjin's stock will enter the delisting arrangement period starting June 6 [4] - Yaxing Chemical's subsidiary plans to introduce strategic investors [4] - China Gold's controlling shareholder intends to increase its stake in the company by 168 million to 335 million yuan [4] - ST Huaxi signed a significant contract worth 290 million USD for daily operations [4] - Shantui Co. is planning to issue H-shares and list on the Hong Kong Stock Exchange [5] - Hehe Information is also planning to issue H-shares for listing on the Hong Kong Stock Exchange [5] - Debon Logistics stated that the current trends in autonomous logistics vehicles will not impact its performance [5] - ST Jiyuan's stock will be delisted on May 29 [5] - ST United plans to acquire 100% of Runtian Industrial and will resume trading on May 29 [5] - Taiji Industry intends to repurchase shares worth 100 million to 120 million yuan [5] - China Energy Construction's subsidiary won a coal and power project contract worth approximately 145.86 billion yuan [5]

Core Viewpoint - Shantui Co., Ltd. is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and connect with overseas capital markets [1] Group 1: Company Overview - Shantui is a leading player in the construction machinery industry, with a strong brand presence both domestically and internationally [1] - The company’s main products include bulldozers, excavators, road rollers, graders, pavers, milling machines, concrete machinery, and loaders, with bulldozers being its flagship product [1] - Shantui is one of the few manufacturers with a comprehensive product line and widespread market distribution, ranking third after Caterpillar and Komatsu in the bulldozer market [1] Group 2: Financial Performance - In 2024, Shantui achieved a revenue of 14.219 billion yuan, a year-on-year increase of 25.12%, and a net profit of 1.102 billion yuan, up 40.72% [2] - The overseas market has shown significant growth, accounting for over 50% of total revenue, with overseas business income reaching 7.411 billion yuan, a 26.08% increase [2] - The revenue from main products in overseas markets was 6.67 billion yuan, with growth rates of 30% for bulldozers, 30% for excavators, and 11% for both loaders and road machinery [2] Group 3: Market Strategy and Future Goals - Shantui plans to deepen its market presence in Africa, Indonesia, the Middle East, and Southeast Asia, expecting a 30% revenue growth in these regions [3] - The company aims to achieve a revenue target of 15.7 billion yuan in 2025, with overseas income projected at 9 billion yuan [3] - Shantui completed the acquisition of 100% of Shandong Heavy Industry's excavator business for 1.841 billion yuan to enhance profitability and asset scale [3] - The long-term plan includes increasing the revenue share of excavators to 50% by 2027-2028, surpassing that of bulldozers [3]

山推工程机械股份有限公司董事会 二〇二五年五月二十九日 1 山推工程机械股份有限公司 关于筹划公司在香港联合交易所有限公司上市的提示性公告 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。 为深入推进山推工程机械股份有限公司（以下简称"公司"）全球化战略，加强 与境外资本市场对接，进一步提升公司综合竞争力，公司目前正在筹划境外发行股份 （H 股）并在香港联合交易所有限公司（以下简称"香港联交所"）上市事项（以下简 称"本次 H 股上市"），公司正在与相关中介机构就本次 H 股上市的具体推进工作进 行商讨，相关细节尚未确定，本次 H 股上市不会导致公司控股股东和实际控制人发生 变化。 根据《深圳证券交易所股票上市规则》《境内企业境外发行证券和上市管理试行 办法》等法律法规的要求，待具体方案确定后，本次 H 股上市工作尚需提交公司董事 会和股东大会审议，并经中国证券监督管理委员会备案和香港联交所等监管机构审核。 本次 H 股上市能否通过审议、备案和审核程序并最终实施具有较大不确定性，敬请投 资者注意投资风险。公司将依据相关法律法规的规定，根据本次 H 股发行上市的后 ...

Core Viewpoint - Shantui Holdings is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and connect with overseas capital markets [1] Group 1: Company Actions - The company is in the process of planning an overseas issuance of shares (H-shares) [1] - The details of the H-share listing are not yet determined [1] - The H-share listing will not result in changes to the company's controlling shareholder or actual controller [1] Group 2: Regulatory and Approval Process - The matter will require approval from the company's board of directors and shareholders' meeting [1] - The plan must be filed with the China Securities Regulatory Commission and undergo review by the Hong Kong Stock Exchange and other regulatory bodies [1] - There is significant uncertainty associated with this initiative [1]