Core Viewpoint - Linzhou Heavy Machinery Group Co., Ltd. has announced that its wholly-owned subsidiary will provide a guarantee for the company's financing activities, which raises concerns regarding the company's external guarantee balance exceeding its audited net assets [2][3]. Summary of Guarantee Situation - The company signed a loan agreement with Zhongyuan Bank for an amount of 17.75 million yuan, with a one-year term, and its wholly-owned subsidiary Linzhou Heavy Machinery Casting and Forging Co., Ltd. will provide a joint liability guarantee [3]. - The company has approved a total guarantee limit of up to 1 billion yuan for its subsidiaries, valid for 12 months from the date of shareholder meeting approval [3]. Basic Information of the Guaranteed Party - The guaranteed party is Linzhou Heavy Machinery Group Co., Ltd., established on May 8, 2002, with a registered capital of 816.37 million yuan, located in Linzhou City, Henan Province [4]. Recent Financial Data - The financial data for 2024 has been audited, while the data for 2025 is unaudited [5]. Guarantee Agreement Details - The guarantor is Linzhou Heavy Machinery Casting and Forging Co., Ltd., the guaranteed party is Linzhou Heavy Machinery Group Co., Ltd., and the creditor is Zhongyuan Bank, with a guarantee amount of 17.75 million yuan for one year [6]. Cumulative External Guarantee Status - As of the announcement date, the total external guarantee balance of the company and its subsidiaries is 1.0718184 billion yuan, which is 168.18% of the company's latest audited net assets. The guarantees provided by wholly-owned subsidiaries amount to 480.37 million yuan, accounting for 75.38% of the audited net assets [6].

Group 1 - The company Linzhou Heavy Machinery announced that as of the date of the announcement, there are no overdue guarantees or violations of guarantees [2]

证券代码：002535 证券简称：林州重机 公告编号：2025-0064 林州重机集团股份有限公司 关于全资子公司为公司融资业务提供担保的进展公告 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： 林州重机集团股份有限公司（以下简称"公司"）近日与中原银 行股份有限公司签署《人民币流动资金贷款合同》，借款金额 1,775 万元，期限一年，公司全资子公司林州重机铸锻有限公司为上述业务 提供连带责任保证担保，并签署《保证合同》。 公司分别于 2025 年 2 月 27 日、2025 年 3 月 17 日召开的第六届 董事会第二十次（临时）会议、2025 年第一次临时股东大会，审议 通过了《关于公司与子公司之间提供互保的议案》，同意子公司（合 并报表范围内）为公司的融资业务提供担保，担保额度合计不超过 100,000 万元，担保额度的有效期为股东大会审议通过之日起 12 个 月内有效，在额度有效期内可循环使用。具体内容详见公司 2025 年 2 月 28 日、2025 年 3 月 18 日登载于指定信息披露媒体的相关公告。 1 二、被担保人基本情况 名称： ...

Core Viewpoint - The company has signed a loan agreement of 17.75 million yuan with Zhongyuan Bank, with a one-year term, backed by its wholly-owned subsidiary Linzhou Heavy Machinery Casting and Forging Co., Ltd. [1] Group 1: Loan Agreement Details - The loan amount is 17.75 million yuan, with a one-year term [1] - The subsidiary provides joint liability guarantee for the loan [1] Group 2: Previous Financing and Guarantees - The company has previously approved a financing guarantee proposal through its subsidiary, with a limit not exceeding 1 billion yuan, valid for 12 months [1] - As of September 10, the total external guarantee balance of the company and its subsidiaries is 1,071.8184 million yuan, which is 168.18% of the latest audited net assets [1] Group 3: Financial Health and Risks - The company and its subsidiaries have no overdue or irregular guarantees [1] - Investors should be aware of the risks associated with the company's external guarantees exceeding its net assets [1]

Core Points - Linzhou Heavy Machinery Group Co., Ltd. announced the release and re-pledging of shares held by its controlling shareholder, Guo Xiansheng [1] - The total number of shares released from pledge is 13,000,000, which accounts for 5.49% of the total shares held by Guo Xiansheng [1] - As of the announcement date, the cumulative pledged shares by the controlling shareholder and its concerted parties amount to 243,550,160, representing 76.85% of their total holdings [2] Summary by Sections 1. Pledge Release Details - Guo Xiansheng, the controlling shareholder, released 13,000,000 shares from pledge, which is 1.62% of the company's total share capital [1] - The shares were pledged to Huzhou Economic Development Zone Yongxin Small Loan Co., Ltd. [1] 2. Cumulative Pledge Situation - As of the announcement date, the total pledged shares by the controlling shareholder and its concerted parties are 316,900,058, which is 39.53% of the total shares [2] - The pledged shares do not currently pose a risk of being forced to sell [2] 3. Other Information - The company will continue to monitor the pledge situation and adhere to relevant regulations, ensuring timely information disclosure [2]

林州重机集团股份有限公司（以下简称"公司"）于近日收到公 司控股股东郭现生先生的通知，获悉郭现生先生持有的部分股份办理 解除质押及部分股份办理再质押手续。现将有关情况公告如下： 一、本次质押基本情况 二、股东股份累计质押情况 证券代码：002535 证券简称：林州重机 公告编号：2025-0063 林州重机集团股份有限公司 关于公司控股股东部分股份解除质押并再质押的公告 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。 特此公告。 林州重机集团股份有限公司 董事会 截至本公告披露日，公司控股股东及其一致行动人所质押股份情 股东 名称 是否为控股股东或第一 大股东及其一致行动人 本次解除 质押数量 本次解除质押占 其所持股份比例 占公司总 股本比例 质押 起始日 解除 质押日期 质权人 郭现生 是 13,000,000 5.49% 1.62% 20230830 20250905 湖州经济开发区永 信小额贷款股份有 限公司 合计 13,000,000 5.49% 1.62% 1、本次股份解除质押情况 2、本次股份质押情况 股东 名称 是否为控股股 东或第一大股 东及 ...

Core Insights - Linzhou Heavy Machinery (002535) reported a total revenue of 906 million yuan for the first half of 2025, a year-on-year increase of 3.02%, but the net profit attributable to shareholders decreased by 47.5% to 50.54 million yuan [1] - The company's second-quarter revenue was 512 million yuan, down 5.26% year-on-year, with a net profit of 27.37 million yuan, reflecting a significant decline of 60.4% [1] - The company's liquidity pressure has increased, with a current ratio of 0.65, indicating potential short-term financial challenges [1] Financial Performance - Revenue for 2025: 906 million yuan, up 3.02% from 2024 [1] - Net profit for 2025: 50.54 million yuan, down 47.5% from 2024 [1] - Gross margin: 17.82%, down 40.8% year-on-year [1] - Net margin: 5.58%, down 49.04% year-on-year [1] - Total expenses (selling, administrative, financial): 98.09 million yuan, accounting for 10.83% of revenue, down 21.78% year-on-year [1] - Earnings per share: 0.06 yuan, down 47.54% year-on-year [1] Cash Flow and Debt Analysis - Cash flow per share: 0.19 yuan, up 74.97% year-on-year [1] - Cash and cash equivalents: 330 million yuan, up 20.11% year-on-year [1] - Interest-bearing debt: 1.726 billion yuan, down 11.6% year-on-year [1] - Current liabilities to cash ratio: 13.93% [3] - Interest-bearing debt ratio: 39.22% [3] Historical Performance and Investment Considerations - The company's historical return on invested capital (ROIC) was 8.24%, indicating average capital returns [3] - The median ROIC over the past decade was 1.58%, with a significant loss in 2019 at -38.05% [3] - The company has reported losses in 5 out of 14 annual reports since its listing, suggesting a generally weak financial performance [3]

Group 1 - The company held its sixth board meeting on August 27, 2025, where all directors attended and the meeting complied with legal regulations [8][11] - The board approved the 2025 semi-annual report and its summary, which will be published in designated media [9][28] - The company will not distribute cash dividends or issue bonus shares during this reporting period [3] Group 2 - The company reported no changes in its controlling shareholder or actual controller during the reporting period [5][6] - The board approved a special report on the use of raised funds, indicating that 50.03 million yuan was used during the first half of 2025, with a balance of zero in the fundraising account [12][37] - The company has terminated the "Industrial Robot Industrialization (Phase I) Project" and will use the remaining funds for permanent working capital [41][42] Group 3 - The company is revising its articles of association to reflect the reform of the supervisory board, transferring its powers to the audit committee of the board [14][45] - The board approved several management system revisions, including rules for shareholder meetings and board meetings [17][18][22]

Group 1 - The company Linzhou Heavy Machinery announced the approval of multiple proposals, including the "2025 Semi-Annual Report and its Summary" during the 24th meeting of the sixth board of directors [2]

Core Viewpoint - Linzhou Heavy Machinery (002535.SZ) reported a revenue of 906 million yuan for the first half of 2025, reflecting a year-on-year growth of 3.02%. However, the net profit attributable to shareholders decreased by 47.50% to 50.543 million yuan [1]. Financial Performance - The company achieved an operating income of 906 million yuan, which is a 3.02% increase compared to the previous year [1]. - The net profit attributable to shareholders was 50.543 million yuan, showing a significant decline of 47.50% year-on-year [1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 47.8712 million yuan, down 48.00% year-on-year [1]. - The basic earnings per share stood at 0.063 yuan [1].