格隆汇1月5日丨山推股份(000680.SZ)公布，2025年12月，公司未实施股份回购。截至2025年12月31 日，公司通过股份回购专用证券账户以集中竞价方式回购公司股份11,910,472股，占公司目前总股本的 0.79%，最高成交价10.20元/股，最低成交价8.64元/股，成交总金额111,591,612.24元（不含交易费 用）。本次回购实施符合相关法律法规的要求以及公司既定的回购方案。 ...

证券代码：000680 证券简称：山推股份 公告编号：2026-004 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），回购价格不高于人民币 13.88 元/股。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 12 个月内。具体情况详见公司于 2025 年 4 月 29 日披露于巨潮资讯网的《关于山推股份回购公司部分股份的报告书》（2025-033 号公告）。 根据公司《关于山推股份回购公司部分股份的报告书》的约定，在回购期内，如公 司实施派息、送股 ...

证券代码：000680 证券简称：山推股份 公告编号：2026—002 山推工程机械股份有限公司 关于预计 2026 年度日常关联交易的公告 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。 一、日常关联交易基本情况 (一)关联交易概述 公司于 2026 年 1 月 3 日召开第十一届董事会第二十次会议，审议通过了《关于预计 2026 年度日常关联交易的议案》，相关关联董事王翠萍、肖奇胜对相关关联交易进行了 回避表决，其余董事均表示同意。董事会召开前，公司 2026 年第一次独立董事专门会 议审议通过了本议案，公司全体独立董事同意本议案并将其提交董事会审议。本次关联 交易事项将提交公司 2026 年第一次临时股东会审议。公司控股股东山东重工集团有限 公司（以下简称"山东重工集团"）及其他与该关联交易有利害关系的关联人将在股东 会上回避表决。 (二)预计关联交易类别和金额 单位：万元 | 交易类别 | 关联人 | 交易内容 | 定价原则 | 预计金额 | 2025年1-11月发生 金额（未经审计） | | --- | --- | --- | --- | --- | ...

证券代码：000680 证券简称：山推股份 公告编号：2026-003 山推工程机械股份有限公司 关于召开 2026 年第一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。 一、召开会议的基本情况 1、股东会届次：2026 年第一次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所股票上市 规则》《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》等法 律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2026 年 01 月 23 日 14:00 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2026 年 01 月 23 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投 票的具体时间为 2026 年 01 月 23 日 9:15 至 15:00 的任意时间。 出席股东会，并可以以书面形式委托代理人出席会议和参加表决，该股东代理人不必是本 公司 ...

一、审议通过了《关于预计 2026 年度日常关联交易的议案》（议案具体内容详见公 告编号为 2026-002 的"关于预计 2026 年度日常关联交易的公告"） 1、审议通过了与潍柴控股集团有限公司及其关联方的关联交易； 该项议案关联董事王翠萍、肖奇胜回避表决； 证券代码：000680 证券简称：山推股份 公告编号：2026—001 山推工程机械股份有限公司 第十一届董事会第二十次会议决议公告 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。 2026 年 1 月 3 日上午，在公司总部大楼 205 会议室召开了公司第十一届董事会第二 十次会议，会议采取现场与通讯相结合的方式召开。会议通知已于 2025 年 12 月 29 日 以书面和电子邮件两种方式发出。会议应到董事 9 人，实到董事 9 人。公司董事李士振、 张民、马景波、曲洪坤现场出席了会议，董事王翠萍、肖奇胜、吕莹、陈爱华、潘林以 通讯方式进行了表决。本次董事会参会董事人数超过公司董事会成员半数，符合《公司 法》和《公司章程》的有关规定，本次会议的召集、召开及表决程序合法有效。会议由 李士振董事长主持。 ...

每经头条（nbdtoutiao）——AI泡沫破灭？美股下跌20%？量子计算颠覆加密货币？金价涨破1万美元？ 2026年华尔街和科技圈十大预测来了 每经AI快讯，山推股份1月4日晚间发布公告称，公司第十一届第二十次董事会会议于2026年1月3日在 公司总部大楼205会议室召开。会议审议了《关于预计2026年度日常关联交易的议案》等文件。 （记者 曾健辉） ...

Group 1 - The engineering machinery sector increased by 1.69% on December 30, with Weiman Sealing leading the gains [1] - The Shanghai Composite Index closed at 3965.12, showing no change, while the Shenzhen Component Index rose by 0.49% to 13604.07 [1] - Weiman Sealing's stock price rose by 11.35% to 37.08, with a trading volume of 184,900 shares and a transaction value of 678 million yuan [1] Group 2 - Major stocks in the engineering machinery sector included Hengli Hydraulic, which increased by 4.40% to 112.96, with a transaction value of 1.918 billion yuan [1] - Other notable performers included Shaoyang Hydraulic (+4.08%), Shantui (+3.47%), and Zhejiang Dingli (+2.75%) [1] - The sector saw a net inflow of 610 million yuan from main funds, while retail investors experienced a net outflow of 404 million yuan [2][3] Group 3 - The main fund inflows were led by Yichong Heavy Industry with a net inflow of 257 million yuan, representing 16.30% of its trading volume [3] - Hengli Hydraulic also saw significant main fund inflows of 245 million yuan, but retail investors withdrew 221 million yuan [3] - The overall trend indicates a mixed sentiment among retail and institutional investors within the engineering machinery sector [2][3]

证券日报网讯12月29日，山推股份（000680）在互动平台回答投资者提问时表示，公司近年来建立正向 研发体系，并一直保持4%左右的研发投入强度，在保证研发投入的基础上，提高研发效率，研发人员 占比行业领先。今年以来，公司推出了1000马力的混动大马力推土机，持续巩固行业内技术优势。 ...

Core Viewpoint - Shantui Construction Machinery Co., Ltd. has shown a positive stock performance with a year-to-date increase of 23.24% and a market capitalization of 17.702 billion yuan as of December 29 [1] Financial Performance - For the period from January to September 2025, Shantui achieved a revenue of 10.488 billion yuan, representing a year-on-year growth of 6.62% [2] - The net profit attributable to shareholders for the same period was 838 million yuan, reflecting a year-on-year increase of 24.36% [2] Stock and Shareholder Information - As of September 30, 2025, the number of shareholders for Shantui was 70,800, an increase of 19.80% from the previous period [2] - The average number of circulating shares per shareholder was 18,563, which decreased by 16.52% compared to the previous period [2] - The company has distributed a total of 1.345 billion yuan in dividends since its A-share listing, with 526 million yuan distributed over the last three years [3] Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the third-largest circulating shareholder, holding 41.4627 million shares, a decrease of 12.0523 million shares from the previous period [3] - 华夏经典混合 (Huaxia Classic Mixed Fund) has exited the list of the top ten circulating shareholders [3] Business Overview - Shantui specializes in the research, development, manufacturing, sales, leasing, maintenance, and technical consulting of construction machinery, mining machinery, agricultural machinery, and related components [1] - The main revenue sources for the company include 73.25% from construction machinery main products, 19.45% from construction machinery parts and others, and 7.31% from other supplementary sources [1]

Investment Rating - The report maintains a "Buy" rating for the machinery industry, indicating a positive outlook for investment returns over the next 6-12 months [1]. Core Insights - Domestic demand for excavators continues to grow, with November 2025 sales reaching 20,027 units, a year-on-year increase of 13.9%. Domestic sales accounted for 9,842 units, up 9.1% year-on-year. For the first 11 months of 2025, total excavator sales were 212,162 units, reflecting a 16.7% increase, with domestic sales at 108,187 units, up 18.6% [3][4]. - The report highlights a significant recovery in non-excavator machinery categories, with loader sales in November 2025 increasing by 29.4%, motor grader sales up 24.7%, and truck crane sales rising by 25.8% [3][4]. - The ongoing replacement cycle in the machinery sector is expected to drive sales growth, with an estimated compound annual growth rate of around 30% for replacement demand in the coming years [4]. - Positive fiscal policies are anticipated to stimulate infrastructure investment, ensuring sustained mid-term demand for machinery [5]. - Export performance remains strong, with excavator exports in November 2025 reaching 10,185 units, a year-on-year increase of 18.8%, and total export value for the first 11 months of 2025 at $53.76 billion, up 12.4% [6]. - The electric loader segment shows remarkable growth, with sales in November 2025 reaching 2,935 units, a 192.0% increase year-on-year, and an electricization rate of 25.7% [7]. - The commencement of the Yarlung Tsangpo River hydropower project is expected to further boost machinery demand, with projected equipment needs estimated between 120 billion to 180 billion RMB [9]. Summary by Sections Domestic Sales Performance - November 2025 excavator sales reached 20,027 units, with domestic sales at 9,842 units, marking a 9.1% increase year-on-year [3][14]. - Loader sales in November increased by 32.1%, with domestic sales up 29.4% [14]. Export Performance - Excavator exports in November 2025 totaled 10,185 units, reflecting an 18.8% year-on-year increase [6][14]. - The total export value for machinery in November was $5.23 billion, a 16.6% increase [6]. Future Growth Drivers - The report emphasizes the importance of ongoing fiscal policies to support infrastructure investment, which is expected to drive machinery demand [5]. - The electricization trend in machinery is highlighted, with significant growth in electric loader sales and an increasing electricization rate [7]. Key Companies Recommended - The report recommends several leading manufacturers, including SANY Heavy Industry, XCMG, Zoomlion, LiuGong, Shantui, and China Longgong, as well as component manufacturers like Hengli Hydraulic [10].