由于公司现已完成上述限制性股票回购注销工作，公司总股本由 1,500,855,412 股 变更为 1,500,327,412 股，注册资本由 1,500,855,412.00 元变更为 1,500,327,412.00 元。公司将尽快就上述事宜办理工商变更登记手续，上述变更最终以工商登记机关核准 的内容为准。 特此公告。 证券代码：000680 证券简称：山推股份 公告编号：2024-035 山推工程机械股份有限公司 关于调整注册资本及股本的公告 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。 山推工程机械股份有限公司（以下简称"公司"）于 2024 年 3 月 25 日召开第十一 届董事会第八次会议，审议通过了《关于回购注销部分限制性股票的议案》，同意对 10 名 不再满足条件的激励对象已获授但尚未解除限售的528,000股限制性股票进行回购注销， 回购注销完成后公司总股本由 1,500,855,412 股变更为 1,500,327,412 股，同时审议通 过了《关于修改<公司章程>的议案》，根据本次回购注销后的最新股本修改公司章程中涉 及注册资本和总股本的 ...

Investment Rating - Buy (Maintained) [1] Core Views - The company is a leader in the domestic bulldozer industry, with high-margin large-horsepower bulldozer exports driving growth [7][8] - Group synergies are continuously emerging, with cost control and efficiency improvements through digital upgrades [3] - Overseas sales channels are being strengthened, with export revenue reaching 5.878 billion yuan in 2023, a 33.73% YoY increase, accounting for 55.77% of total revenue [7] - The company aims to achieve overseas revenue of 8.5 billion yuan in 2024, a 44.6% YoY increase [7] Financial Performance and Forecast - 2024 Q1 revenue was 3.069 billion yuan, up 29.29% YoY, with net profit attributable to shareholders of 208 million yuan, up 22.81% YoY [10] - 2024 Q1 gross margin was 17.05%, down 1.89 pct YoY, while net margin was 6.79%, down 0.38 pct YoY [10] - Operating cash flow for 2024 Q1 was -60 million yuan, mainly due to increased procurement payments and inventory [10] - Revenue is forecasted to grow 20% YoY in 2024, reaching 12.688 billion yuan, with net profit attributable to shareholders expected to grow 24% YoY to 951 million yuan [6][8] - EPS is projected to increase from 0.51 yuan in 2023 to 0.91 yuan in 2026 [6] Industry and Market Position - The company holds a domestic market share of over 60% in the bulldozer industry, with large-horsepower products gradually replacing imports [7] - In 2024 Q1, China exported 213 bulldozers with over 320 horsepower, a 49% YoY increase, reflecting strong demand for high-power equipment [7] - The company has achieved breakthroughs in exporting large-horsepower bulldozers, excavators, and loaders, offsetting domestic market declines [7] Strategic Initiatives - The company is planning to acquire shares of Shandong Heavy Machinery Co Ltd, which is expected to enhance its earthmoving product portfolio and synergies [3] - Digital transformation projects are being implemented to optimize production processes and improve cost efficiency [3] - The company is leveraging group synergies to expand overseas sales channels and increase market coverage [7]

经审核，山推工程机械股份有限公司监事会认为董事会编制和审议《公司 2024 年第 一季度报告》的程序符合法律、行政法规及中国证监会的规定，报告内容真实、准确、 完整地反映了上市公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 山推工程机械股份有限公司监事会 关于《公司 2024 年第一季度报告》的审核意见 山推工程机械股份有限公司监事会 二〇二四年四月二十六日 ...

证券代码：000680 证券简称：山推股份 公告编号：2024-031 (1)现场会议时间：2024 年 4 月 26 日（星期五）下午 14:00。 (2)网络投票时间：2024 年 4 月 26 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：2024年4月26日上午 9:15-9:25，9:30-11:30，下午13:00-15:00； 山推工程机械股份有限公司 2023 年度股东大会决议公告 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 1、本次股东大会未出现否决议案的情形； 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 (一)会议召开情况 1、召开时间： 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：2024年4月26 日上午9:15至下午15:00的任意时间。 2、召开地点：山东省济宁市高新区 327 国道 58 号公司总部大楼 109 会议室； 3、召开方式：现场表决和网络投票相结合的方式； 4、召集人：公司第十一届董事会； 5、主持人：刘会胜董事长； 6、会议 ...

Financial Performance - The company's operating revenue for Q1 2024 reached ¥3,069,085,285.77, representing a 29.39% increase compared to ¥2,372,024,663.08 in the same period last year[5] - Net profit attributable to shareholders was ¥207,509,137.51, up 22.81% from ¥168,970,919.39 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥208,515,266.69, a significant increase of 44.92% compared to ¥143,884,531.97 in the previous year[5] - Total operating revenue for Q1 2024 reached CNY 3,069,085,285.77, an increase of 29.3% compared to CNY 2,372,024,663.08 in Q1 2023[31] - Net profit for Q1 2024 was CNY 208,369,966.11, up 22.5% from CNY 170,113,359.35 in the same period last year[32] - The company's total liabilities increased to CNY 8,144,564,387.34, compared to CNY 7,563,989,826.43 at the beginning of the year, reflecting a growth of 7.7%[31] - The total equity attributable to shareholders of the parent company rose to CNY 5,783,127,721.45, a 3.8% increase from CNY 5,570,996,399.70[31] - The company reported a basic earnings per share of CNY 0.1383 for Q1 2024, compared to CNY 0.1126 in Q1 2023, marking a 22.4% increase[32] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥59,635,830.54, a decline of 160.01% compared to ¥99,377,117.32 in the same period last year[5] - Cash inflow from operating activities totaled CNY 2,191,898,141.21, a decrease of 3.7% from CNY 2,275,300,741.68 in the previous period[34] - Cash inflow from financing activities reached CNY 2,249,736,738.05, significantly higher than CNY 1,059,344,498.34 in the prior period[35] - The ending balance of cash and cash equivalents was CNY 1,620,067,781.51, down from CNY 1,659,577,757.90 at the end of the previous period[35] - The company received CNY 167,850,987.76 in tax refunds, an increase from CNY 131,487,575.22 in the previous period[34] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥14,220,613,384.77, reflecting a 5.91% increase from ¥13,426,795,161.00 at the end of the previous year[5] - The total liabilities and equity increased to CNY 14,220,613,384.77, up from CNY 13,426,795,161.00 at the start of the year, indicating a growth of 5.9%[31] - The total liabilities include short-term borrowings of 610,470,555.56 RMB, slightly down from 618,470,555.56 RMB[29] - The company reported a significant increase in accounts payable, which rose to 2,103,284,403.75 RMB from 1,783,348,480.02 RMB, reflecting a growth of approximately 18%[29] Expenses - The company's sales expenses increased by 34.47% to ¥106,885,208.64, primarily due to higher compensation and travel costs[11] - The company's total operating costs for Q1 2024 were CNY 2,847,890,826.30, an increase of 27.0% from CNY 2,241,475,510.52 in the previous year[31] - Research and development expenses for Q1 2024 were CNY 105,863,031.20, representing a 25.6% increase from CNY 84,354,939.48 in Q1 2023[32] Investments - The company reported a decrease in investment income by 33.53% to ¥5,224,342.24, mainly due to the operational impact from joint ventures[11] - The cash flow from investment activities decreased by 30.64% to ¥86,961,897.92, primarily due to new structured deposits made during the period[12] - The company reported a total investment amount of $3,300.00 million at the beginning of the period, with a fair value change resulting in a loss of $333.80 million, leading to an ending investment amount of $2,000.00 million, representing 2.45% of the company's net assets[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 73,000[14] - Shandong Heavy Industry Group Co., Ltd. holds 24.28% of shares, totaling 364,399,684 shares[14] - Weichai Power Co., Ltd. holds 15.77% of shares, totaling 236,705,601 shares[14] Risk Management - The company has implemented risk management strategies for its financial derivatives, including setting stop-loss limits and reverse hedging to mitigate potential losses[20] - The company has actively engaged in foreign exchange hedging to mitigate risks associated with currency fluctuations impacting its export business[18] - The company has not reported any litigation related to its derivative investments during the reporting period[20] Other Information - The company has not experienced any repurchase events as of the financial report date[15] - The company is unaware of any other shareholder relationships or agreements among shareholders[15] - The company has maintained its accounting policies for hedging activities without significant changes compared to the previous reporting period[18] - The company has extended the use of idle raised funds for cash management until November 30, 2024, with a new limit of 12,000,000 yuan[25] - The company has cumulatively paid 572,087,623.14 yuan towards fundraising projects, with 339,339,948.76 yuan allocated to the high-power bulldozer industrialization project[23] - The company raised a total of 681,712,130.88 yuan from a non-public offering of 236,705,601 shares at a price of 2.88 yuan per share[21] - The company has a comprehensive credit limit granted by cooperative banks for financial credit business[17]

证券代码：000680 证券简称：山推股份 公告编号：2024-032 公司本次限制性股票回购注销已获授但尚未解除限售的限制性股票合计528,000股。 因此，本次限制性股票回购注销完成后，将导致公司有限售条件股份减少 528,000 股， 公 司 总 股 本 将 由 1,500,855,412 股 变 更 为 1,500,327,412 股 ， 注 册 资 本 将 由 1,500,855,412.00 元变更为 1,500,327,412.00 元。详情请参见 2024 年 3 月 26 日公司 刊登于信息披露媒体《中国证券报》、《证券时报》和巨潮资讯网（www.cninfo.com.cn） 的《关于回购注销部分 2020 年限制性股票的公告》（公告编号：2024-022）。 公司本次回购注销部分限制性股票将涉及注册资本减少，根据《中华人民共和国公 司法》等相关法律、法规的规定，公司特此通知债权人，债权人自本公告之日起四十五 日内，有权要求公司清偿债务或提供相应的担保。债权人未在规定期限内行使上述权利 的，本次回购注销及减资将按法定程序继续实施。 本公司各债权人如要求本公司清偿债务或提供相应担保的，应根据《 ...

山推工程机械股份有限公司 北京市环球律师事务所上海分所 关于 2023 年度股东大会的 法律意见书 北京市环球律师事务所上海分所 关于山推工程机械股份有限公司 2023 年度股东大会的 法律意见书 为出具本法律意见书之目的，本所经办律师（"本所律师"）依照现行有效 的中国法律、法规以及中国证券监督管理委员会（"中国证监会"）相关规章、 规范性文件的要求和规定，对山推股份提供的与题述事宜有关的法律文件及其 他文件、资料进行了审查、验证。同时，本所律师还审查、验证了本所律师认 为出具本法律意见书所必需审查、验证的其他法律文件及信息、资料和证明， 并就有关事项向山推股份有关人员进行了询问。 在前述审查、验证、询问过程中，本所律师得到山推股份如下承诺及保证： 其已经提供了本所认为为出具本法律意见书所必需的、完整、真实、准确、合 法、有效的原始书面材料、副本材料、复印件或口头证言，有关副本材料或复 印件与原件一致。 对于出具本法律意见书至关重要而又无法得到独立的证据支持的事实，本 所律师依赖山推股份或者其他有关机构出具的证明文件或咨询意见出具本法律 意见书。 本所律师依据本法律意见书出具日及之前已经发生或存在的事实，并 ...

中泰证券股份有限公司关于山推工程机械股份有限公司 二、本次股份发行后至本核查意见出具日公司股本变化情况 非公开发行 A 股限售股上市流通的核查意见 中泰证券股份有限公司（以下简称"中泰证券"或"保荐机构"）作为山推工程机械 股份有限公司（以下简称"山推股份"或"公司"）2021 年非公开发行 A 股股票的保荐 机构，根据《证券发行上市保荐业务管理办法》《深圳证券交易所上市公司自律监管指引 第 1 号——主板上市公司规范运作》《深圳证券交易所股票上市规则》等有关法律法规和 规范性文件的要求，对山推股份 2021 年非公开发行 A 股股票限售股上市流通事项进行了 认真、审慎的核查，发表核查意见如下： 一、本次解除限售股份取得情况 经中国证券监督管理委员会《关于核准山推工程机械股份有限公司非公开发行股票 的批复》（证监许可[2021]888 号）的核准，山推股份向特定对象潍柴动力股份有限公司 （以下简称"潍柴动力"）共计 1 名股东发行人民币普通股总计 236,705,601 股，每股面 值 1 元，发行价格为每股 2.88 元，共募集资金人民币 681,712,130.88 元，扣除与本次发 行有关的保荐承销费、 ...

证券代码：000680 证券简称：山推股份 公告编号：2024-030 山推工程机械股份有限公司 关于非公开发行股份解除限售上市流通的提示性公告 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。 特别提示： 1、本次解除限售股东数量共计 1 名，解除限售股份数量为 236,705,601 股，占公司 总股本的 15.77%，是公司非公开发行股票所发行的有限售条件流通股。 2、本次解除限售股份上市流通日期为 2024 年 4 月 29 日（星期一）。 一、本次解除限售股份取得情况 山推工程机械股份有限公司（以下简称"公司"或"山推股份"）经中国证券监督管 理委员会出具的《关于核准山推工程机械股份有限公司非公开发行股票的批复》（证监许 可[2021]888 号）核准，向特定对象潍柴动力股份有限公司（以下简称"潍柴动力"）共 计 1 名股东发行人民币普通股总计 236,705,601 股，每股面值 1 元，发行价格为每股 2.88 元，共募集资金人民币 681,712,130.88 元，扣除与本次发行有关的保荐承销费、审计及 验资费用等发行费用合计人民币 3,977, ...

证券代码：000680 证券简称：山推股份 公告编号：2024-029 山推工程机械股份有限公司 关于召开 2023 年度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"）于 2024 年 3 月 26 日在《中国证 券报》、《证券时报》和巨潮资讯网（www.cninfo.com.cn）上刊登了《山推工程机械股 份有限公司关于召开 2023 年度股东大会的通知》。由于本次股东大会将采取网络投票 与现场投票相结合的方式，根据中国证监会《关于加强社会公众股股东权益保护的若 干规定》的要求，现将本次股东大会相关事项提示如下： 一、召开会议的基本情况 (一)股东大会届次：本次股东大会是公司 2023 年度股东大会。 (二)股东大会的召集人：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大会的召集程序符合有 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：2024 年 4 月 26 日（星期五）下午 14:00。 网络投 ...