山推股份：控股股东拟延期3年履行避免同业竞争承诺

Core Viewpoint - Shandong Shantui Construction Machinery Co., Ltd. announced the extension of the commitment to avoid competition with its controlling shareholder, Shandong Heavy Industry Group, until 2029 to address competition issues in the loader business with Leiwo Heavy Industry [1] Group 1: Company Financials - As of the end of 2024, Leiwo Heavy Industry has a debt-to-asset ratio of 112.20% and a net asset value of -770 million yuan [1] - Leiwo Heavy Industry is projected to have a revenue of 5.07 billion yuan and a net profit of 22 million yuan in 2024 [1] Group 2: Strategic Measures - During the extension period, Shandong Heavy Industry Group will implement measures such as product differentiation, customer segmentation, and channel division to mitigate competition [1] - The proposal has been approved by the board of directors and will be submitted for review at the first extraordinary shareholders' meeting in 2026 [1]