Core Insights - The World Intelligent Manufacturing Conference on November 27 saw 15 leading companies, including Zoomlion, jointly issue a navigation action plan to promote intelligent manufacturing [1] - The Ministry of Industry and Information Technology announced a list of 15 enterprises selected for the 2025 Pilot Intelligent Factory Project, representing the highest exploration level in intelligent manufacturing in China and globally [1] - Zoomlion's "Shared Manufacturing Intelligent Factory for Excavators" project was recognized as the only selected enterprise from Hunan Province, showcasing its leadership in the global equipment manufacturing sector [1] Company Highlights - Zoomlion's intelligent factory achieved three global firsts: full-process intelligent manufacturing of six core manufacturing links for excavators, efficient shared mixed-flow production of over 70 excavator models, and cross-product collaborative sharing among excavators, cranes, pump trucks, and aerial work vehicles [2] - The factory emphasizes "sharing" as its core feature, with over 80% application rate of artificial intelligence technologies, reducing the production cycle to just 6.5 days from raw material to finished product, and achieving a production rate of one excavator every six minutes [2] - The intelligent manufacturing solutions developed at this factory have established over 50 enterprise standards, contributed to six industry and national standards, and trained thousands of professionals in intelligent manufacturing [2] Industry Impact - The technology and solutions from Zoomlion's intelligent factory have been replicated and promoted across more than 20 of its global intelligent factories, driving collaborative innovation throughout the supply chain [2] - The intelligent manufacturing solutions have expanded beyond construction machinery to empower hundreds of enterprises in agriculture, emergency equipment, and energy equipment sectors, creating a comprehensive "shared manufacturing" ecosystem [2]

Core Viewpoint - Zhonglian Heavy Industry's stock price has shown fluctuations, with a recent decline of 2.09%, while the company has experienced a year-to-date increase of 15.15% in stock price [1][2]. Financial Performance - For the period from January to September 2025, Zhonglian Heavy Industry achieved a revenue of 37.156 billion yuan, representing a year-on-year growth of 8.06%. The net profit attributable to shareholders was 3.920 billion yuan, reflecting a year-on-year increase of 24.89% [2]. - Cumulative cash dividends since the company's A-share listing amount to 28.880 billion yuan, with 8.013 billion yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Zhonglian Heavy Industry was 236,400, a decrease of 9.85% from the previous period. The average circulating shares per person remained at 0 [2]. - The top ten circulating shareholders include China Securities Finance Corporation, holding 233 million shares, and Hong Kong Central Clearing Limited, which increased its holdings by 19.734 million shares to 202 million shares [3]. Market Activity - On November 27, Zhonglian Heavy Industry's stock traded at 7.98 yuan per share, with a total market capitalization of 69.015 billion yuan. The trading volume was 270 million yuan, with a turnover rate of 0.47% [1]. - The net outflow of main funds was 13.3642 million yuan, with large orders showing a buy of 59.7987 million yuan and a sell of 57.0504 million yuan [1].

Group 1 - Zhonglian Heavy Industry (01157.HK) experienced a nearly 3% increase in stock price, currently up 2.54% at HKD 7.28 [2] - The trading volume reached HKD 31.5098 million [2]

Core Viewpoint - Zoomlion Heavy Industry Science and Technology Co., Ltd. (中联重科) has seen a nearly 3% increase in stock price, attributed to significant equipment deliveries in the mining sector, particularly in the West African Simandou iron ore project [1] Group 1: Company Performance - As of the latest report, Zoomlion's stock price rose by 2.54% to HKD 7.28, with a trading volume of HKD 31.51 million [1] - The company achieved a substantial overseas revenue of CNY 21.31 billion in the first three quarters of 2025, with overseas revenue accounting for 57.36% of total revenue, marking a 6.05 percentage point increase compared to the same period in 2024 [1] Group 2: Market and Industry Trends - The delivery of large-tonnage cranes, including ZCC7200 and ZCC3200V-1, to the Simandou iron ore project indicates a strong demand for construction and mining equipment in regions like Southeast Asia, the Middle East, and Africa [1] - The recovery of infrastructure investment in Europe is expected to bolster market demand, with local operations in this region providing strong support for future business growth [1]

Core Viewpoint - Zhonglian Heavy Industry (01157) has seen a nearly 3% increase in stock price, attributed to significant equipment deliveries in the West Simandou mining area, which is known for its large and high-quality undeveloped iron ore reserves [1][1]. Group 1: Company Performance - As of the latest report, Zhonglian Heavy Industry's stock price is at 7.28 HKD with a trading volume of 31.51 million HKD [1]. - The company has delivered a range of large-tonnage construction cranes, including ZCC7200 and ZCC3200V-1, to the West Simandou mining area for core infrastructure development [1]. Group 2: Financial Insights - In the first three quarters of 2025, Zhonglian Heavy Industry's overseas revenue reached 21.31 billion CNY, accounting for 57.36% of total revenue, an increase of 6.05 percentage points compared to the same period in 2024 [1]. - The gross profit margin from overseas operations is higher than that from domestic operations, indicating an ongoing optimization of regional structure [1]. Group 3: Market Opportunities - The company is expected to benefit from the growing demand for infrastructure and mining development in Southeast Asia, the Middle East, and Africa, which are projected to become significant growth areas in the future [1]. - The recovery of infrastructure investment in Europe is also noted, with local market demand being substantial, supporting the company's future business growth through localized operations [1].

Group 1: Dividend Announcements - China Communications Construction Company announced a dividend of HKD 0.12929 per share, ex-dividend date on December 1, 2025, and payment date on January 9, 2026 [1] - Zoomlion Heavy Industry Science and Technology Co., Ltd. declared a dividend of RMB 0.2 per share, ex-dividend date on December 15, 2025, and payment date on January 9, 2026 [1] - Chow Tai Fook Jewellery Group Limited will pay a dividend of HKD 0.22 per share, ex-dividend date on December 15, 2025, and payment date on December 24, 2025 [1] - NIRAKU announced a dividend of HKD 0.01 per share, ex-dividend date on December 8, 2025, and payment date on January 12, 2026 [1] Group 2: Industry Classification - China Communications Construction Company is classified under the heavy construction sector and is a constituent of the CSI Central State-Owned Enterprises Dividend Index [1] - Zoomlion Heavy Industry is categorized under heavy machinery and is not part of the CSI Central State-Owned Enterprises Dividend Index [1] - Chow Tai Fook is classified as an other retailer and is part of the Hang Seng High Dividend Yield Index [1] - NIRAKU operates in the casino and gaming sector and is not included in the CSI Central State-Owned Enterprises Dividend Index [1] Group 3: Additional Dividend Announcements - MiiMii Life Department Store announced a dividend of HKD 0.003 per share, ex-dividend date on December 16, 2025, and payment date on January 9, 2026 [2] - Bens International declared a dividend of HKD 0.025 per share, ex-dividend date on December 11, 2025, and payment date on December 23, 2025 [2] - Kwansei Fragrance announced a dividend of HKD 0.05 per share, ex-dividend date on December 8, 2025, and payment date on December 23, 2025 [2] - Sanhua Intelligent Controls declared a dividend of RMB 0.1200 per share, with no specified ex-dividend or payment dates [2] Group 4: Industry Insights - The CSI Central State-Owned Enterprises Dividend Index includes 50 listed companies with stable dividend levels and high dividend yields, with a one-year dividend yield of 5.66% as of November 25, higher than the 10-year government bond yield of 3.84% [4] - The Hang Seng High Dividend Yield Index includes high dividend stocks from mainland companies listed in Hong Kong, with a one-year dividend yield of 5.31% as of November 25, also higher than the 10-year government bond yield of 3.49% [4]

Core Viewpoint - Zoomlion Heavy Industry Science and Technology Co., Ltd. plans to issue convertible bonds worth up to RMB 6 billion (approximately HKD 6.577 billion) as part of a placement agreement with a placement agent [1] Group 1: Convertible Bonds Issuance - The company has entered into a placement agreement on November 25, 2025, to issue convertible bonds not exceeding RMB 6 billion [1] - The placement agent is committed to facilitating subscriptions from at least six investors for the total principal amount of the convertible bonds at an issuance price equal to 100% of the principal [1] - The initial conversion price for the convertible bonds is set at HKD 9.75 per H share, subject to adjustments [1]

Group 1 - The company, Zoomlion Heavy Industry Science and Technology Co., Ltd., disclosed that as of the end of the reporting period, the total number of common stock shareholders was 236,356 [1]

Core Viewpoint - Zoomlion Heavy Industry Science and Technology Co., Ltd. plans to issue convertible bonds worth up to RMB 6 billion (approximately HKD 6.577 billion) as part of a placement agreement with a placement agent [1] Group 1: Convertible Bonds Issuance - The company has entered into a placement agreement on November 25, 2025, to issue convertible bonds [1] - The placement agent is required to make reasonable efforts to facilitate subscriptions from at least six investors for the total principal amount of the convertible bonds [1] - The initial conversion price for the bonds is set at HKD 9.75 per share, subject to adjustments [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，在美國或在未依當地證券法登記或合資格前提出有關的要約、邀約或出售即 屬違法的任何其他司法管轄區，本公告並不構成出售或購買任何證券的要約或邀約。 本公告不構成或形成在美國提出購買或認購證券的要約或邀約的一部分。建議發行的可換股債 券（定義見下）沒有、也不會根據《1933年美國證券法》（經修訂）或美國任何州或其他司法管轄 區的證券法進行登記，除某些例外情況外，不得在美國境內發售或出售。 Zoomlion Heavy Industry Science and Technology Co., Ltd.* 中聯重科股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1157） 建議根據特別授權配售可換股債券 之 最新消息 配售代理 （排名不分先後） 《配售代理協議》 茲提述本公司於2025年10月30日有關建議發行可換股債券的公告。 董事會欣然宣佈，於2025年11月25日（交易 ...