Ge Long Hui A P P·2025-09-03 06:33Group 1 - The core viewpoint of the article highlights that XCMG Machinery has announced a significant stock option and restricted stock incentive plan for 2025, marking one of the largest equity incentive plans in the machinery industry, aiming to become a global leader in engineering machinery [1] - The company plans to grant incentives to no more than 4,700 individuals, with a total of 470 million shares to be awarded, accounting for approximately 4% of the company's total equity [1] - The initial grant will consist of 423 million shares, representing 3.6% of the total equity and 90% of the total incentives planned [1] Group 2 - The company's performance for the first half of 2025 is stable, with adjustments in "four structures" contributing to high-quality development [1] - The engineering machinery industry is showing signs of recovery, with domestic excavator sales increasing by 22% year-on-year and exports rising by 13% from January to July [1] - Major infrastructure projects such as the Yaxi Hydropower Station and the New Tibet Railway are expected to boost domestic demand for engineering machinery, positioning the company to benefit from this trend [1]