证券代码：000528 证券简称：柳 工 公告编号：2025-92 债券代码：127084 债券简称：柳工转2 广西柳工机械股份有限公司 关于对子公司发行优先股提供担保的公告 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。 重要内容提示： 1. 广西柳工机械股份有限公司（以下简称"公司"）及全资子公司柳工机械香港 有限公司（以下简称"柳工香港"）拟与中非发展基金有限公司（以下简称"中非基金"） 签署《优先股认购协议》和《股东协议》，柳工香港向中非基金发行不低于 7 股且不超 过 20 股可赎回、累计分红的优先股（每股面值 5,000,000 美元），交易金额不高于 1 亿美元（约合人民币 7.10 亿元），初始股息率为 4.70%（以下简称"本次发行优先股" 或"本次交易"）。 2. 公司拟与中非基金签署《保证协议》，对柳工香港在《优先股认购协议》和《股 东协议》项下的金钱支付义务（包括但不限于分红款、回购价款、违约赔偿等）提供不 超过 1.5462 亿美元（约合人民币 10.98 亿元，该金额为测算值，以优先股全部发行后 8 年届满时回购为假设）的连带保证担 ...

证券代码：000528 证券简称：柳 工 公告编号： 2025-93 债券代码：127084 债券简称：柳工转2 广西柳工机械股份有限公司 关于预计 2026 年度日常关联交易额度的公告 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。 广西柳工机械股份有限公司(以下简称"公司")于 2025 年 12 月 4 日召开的第十 届董事会第七次（临时）会议审议通过了《关于预计公司 2026 年度日常关联交易额度 的议案》。现将相关情况公告如下： 一、预计 2026 年度日常关联交易的基本情况 （一）预计 2026 年度日常关联交易的概述 公司预计 2026 年与广西康明斯工业动力有限公司等关联方发生关联交易共计 23.40 亿元，其中向关联方采购工程机械产品、各种零部件等物资及接受劳务 16.88 亿 元；向关联方销售工程机械产品、各种零部件等物资及提供劳务 6.52 亿元。2026 年预 计日常关联交易金额达到公司最近一期经审计净资产 175.69 亿元的 13.32%，根据《深 圳证券交易所股票上市规则》（以下简称《股票上市规则》）的规定，本议案须提交 公司股东 ...

证券代码：000528 证券简称：柳 工 公告编号：2025-94 债券代码：127084 债券简称：柳工转2 广西柳工机械股份有限公司 关于 2025 年第三次临时股东会增加临时提案 暨股东会补充通知的公告 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。 广西柳工机械股份有限公司（以下简称"公司"）于 2025 年 11 月 29 日在巨潮资 讯网（www.cninfo.com.cn）披露了《关于召开 2025 年第三次临时股东会的通知》（公 告编号：2025-90），公司定于 2025 年 12 月 16 日下午 14:15 以现场表决与网络投票相 结合的方式召开公司 2025 年第三次临时股东会（以下简称"本次股东会"）。 2025 年 12 月 4 日，公司董事会收到公司控股股东广西柳工集团有限公司（简称"柳工 集团"）书面提交的《关于提请增加广西柳工机械股份有限公司 2025 年第三次临时股 东会临时提案的函》，为提高会议效率，减少召开会议的成本，柳工集团提议将《关于 子公司发行优先股暨对子公司进行担保的议案》《关于预计公司 2026 年度日常关联交 ...

证券代码：000528 证券简称：柳 工 公告编号：2025-91 债券代码：127084 债券简称：柳工转2 广西柳工机械股份有限公司 第十届董事会第七次（临时）会议决议公告 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。 广西柳工机械股份有限公司（以下简称"公司"）董事会于 2025 年 12 月 1 日以电 子邮件方式发出召开第十届董事会第七次（临时）会议的通知，会议于 2025 年 12 月 4 日以通讯表决的方式召开。会议应到会董事 11 人，实到会董事 11 人。会议由董事长郑 津先生主持。本次会议通知及召开符合有关法律、法规、规章及《公司章程》的规定， 合法有效。经会议审议，作出了如下决议： 一、审议通过《关于子公司发行优先股暨对子公司进行担保的议案》 1. 同意公司全资子公司柳工机械香港有限公司（简称"柳工香港"）优先股发行 方案。公司与柳工香港、中非发展基金有限公司（简称"中非基金"）签署《优先股认 购协议》和《股东协议》，柳工香港向中非基金发行不低于 7 股且不超过 20 股（每股 面值 5,000,000 美元）可赎回、累计分红的优先股， ...

Core Viewpoint - The company, LiuGong (000528.SZ), is focused on the equipment manufacturing industry, offering a competitive product portfolio to global customers, including those in North America [1] Group 1: Company Overview - LiuGong has a long-standing commitment to the equipment manufacturing sector, with core products including loaders and excavators as part of its construction machinery lineup [1] - The company also produces non-construction machinery, such as prestressed equipment, industrial vehicles, and agricultural machinery [1] Group 2: Product Offerings - LiuGong is dedicated to providing a competitive product mix to its global clientele, which includes specialized equipment for river and marine excavation [1] - Currently, the company does not offer amphibious equipment [1]

Summary of Conference Call on Chinese Machinery Manufacturing Industry Industry Overview - The Chinese machinery manufacturing industry is expected to maintain growth potential through 2026, driven by external demand, particularly from the North American market, which is experiencing consumption upgrades and increased demand for new energy products [1][4] - The Belt and Road Initiative continues to create demand for engineering machinery and related products in countries along the route [1][4] Key Opportunities - The construction of data centers in the U.S. is boosting demand for gas turbines and liquid cooling equipment, benefiting Chinese suppliers such as Hengli Hydraulic, Yingliu, Haomai, and others [1][5][6] - The recovery in U.S. downstream manufacturing and infrastructure investment is leading to increased consumption of construction machinery, creating opportunities for Chinese exporters [1][7] - The three major U.S. legislative acts are expected to drive a $1.2 trillion investment plan over the next decade, further enhancing trade between China and the U.S. [1][8] Investment Recommendations - Investment opportunities in the machinery sector are concentrated in front-end construction equipment, gas turbines, liquid cooling, and data center-related fields. Recommended companies include Hangcha, Dingli, Jerry Holdings, Haomai Technology, Binong Environment, and Hongsheng Shares [1][10] - Companies with strong technical capabilities and competitive advantages, such as Yingliu and Haomai in the gas turbine sector, are likely to benefit significantly from the North American data center construction [1][9] Market Dynamics - The current macroeconomic environment in the U.S. shows signs of recovery, with increased growth rates in manufacturing and infrastructure investments since July 2025 [1][7] - The U.S. consumer inventory levels are reasonable, and the K-shaped economic phenomenon indicates that demand remains weak, suggesting a stable growth trajectory for related companies [1][19] Challenges and Considerations - Outbound enterprises should focus on global production layouts and local operational capabilities, as establishing local production and sales is a robust strategy in the current international political climate [1][11] - Tariffs should not be viewed as a reason to sell; instead, they present buying opportunities, as the actual impact of tariffs is often less than anticipated [1][21][22] - The depreciation of the RMB against the USD is not expected in 2025, but a long-term appreciation trend is anticipated, which may pose risks for outbound enterprises [1][24] Future Outlook - The outlook for the Chinese machinery manufacturing industry in the global market remains strong, with external demand being a key growth driver [1][4] - The most promising outbound chains for the next year include those related to North American manufacturing, U.S. real estate, and the Belt and Road Initiative [2][26]

Core Viewpoint - LiuGong reported that as of September 30, 2025, the total number of common stock shareholders reached 100,825 [2] Summary by Category Company Information - LiuGong's total number of common stock shareholders is 100,825 as of September 30, 2025 [2]

在频繁转场的市政维护， 在需要快速响应的抢险工地， 或是在多工种交叉的作业现场， 等待设备就位或调度的每一分钟， 都是成本的增加和收益的流失。 它帮助您灵活适应不同工程， 将单一设备的投资价值最大化。 柳工F系列轮式挖掘机， 专注于为您提供更高的出勤率、 更低的综合运营成本与更佳的投资回报！ 【行业热点】 我们深知， 您需要的不仅是一台挖掘机， 更是一个能灵活转场、快速投入工作、 并能胜任多种任务的高效解决方案。 为此，我们正式推出柳工F系列轮式挖掘机家族。 无需拖车， 即可在工地与公路间自由穿行。 这意味着，您能更快地响应下一个任务， 将转场时间和运输成本牢牢掌控在自己手中。 面对多样化需求， 柳工F系列轮挖提供了高效、 稳定的操作系统和快速的属具连接方案。 1.挖掘机销量数据 2025年 【1月】 、 【2月】 、 【3月】 、 【4月】 、 【5月】 、 【6月】 、 【7月】 、 【8月】 、 【9月】 、 【10 月】 1 业绩改观，工程机械行业复苏或已在路上？ 2. 如期切换， 工程机械12月1日起开启"国四"时代 【市场数据】 2024年 【1月】 、 【2月】 、 【3月】 、 【4月】 、 ...

柳工在投资者互动平台回答称，关于该董事会议案，公司于2025年11月29日同步披露了《关于控股子公 司不再纳入合并报表范围暨被动形成对外财务资助的公告》，根据股权调整和交易的安排，公司不再支 付对江汉建机的部分溢价投资款并通过资本公积转增股本以及小股东增资（公司同步放弃优先认购权） 的方式，对江汉建机的持股比例从由51.0004%降至34.5893%。同时，江汉建机其他股东签署一致行动 协议。本次股权结构调整后，江汉建机不再纳入公司合并报表范围，具体信息请关注上述公告。 ...

Summary of the Engineering Machinery Industry Conference Call Industry Overview - The engineering machinery sector is experiencing a significant recovery in 2025, with a revenue growth rate exceeding 10% in the first three quarters, notably higher than in 2023 and 2024. This recovery is attributed to a reversal in domestic revenue in Q3 2025, leading to positive growth [1][2] - The excavator market is particularly strong, with expectations of a 10-15% overall growth in total excavator sales for 2026, driven by demand for small excavators supported by special government bonds for water conservancy projects [1][5] Key Companies Performance - SANY Heavy Industry and XCMG have seen their stock prices rise nearly 40% by the end of October 2025, benefiting from improved gross margins and stock incentives, respectively [1][4] - Zoomlion and LiuGong's performance aligns with their profit growth, although they are relatively weaker compared to SANY and XCMG [4] Market Dynamics - The demand for small excavators is expected to maintain a growth rate of over 20% in 2026, while the demand for medium and large equipment is contingent on the recovery of the real estate market and the progress of major infrastructure projects [5][6] - The issuance of special government bonds and the allocation of local government special bonds will significantly influence the engineering machinery market, with a substantial portion of these funds being used to pay off old debts, limiting new project initiations [6] Future Outlook - The domestic excavator market in 2026 is projected to perform similarly to or better than in 2025, with long-term sales potential reaching 400,000 to 500,000 units due to the trend of machinery replacing labor [7] - The overall engineering machinery export market is closely tied to global economic cycles, with expectations of increased overseas demand driven by anticipated U.S. interest rate cuts [10] Specific Product Insights - The crane market, particularly truck-mounted and crawler cranes, is benefiting from wind power demand, while tower cranes are showing signs of recovery despite not having stopped declining yet [3][8] - Road machinery and concrete machinery are expected to enter a slow recovery phase in 2026, with concrete machinery showing strong growth driven by electrification trends [9] Investment Opportunities - The current valuation of the engineering machinery sector has decreased since October, presenting a favorable investment opportunity. For instance, SANY's valuation is around 15-16 times projected earnings, while other companies like Shantui and LiuGong are valued at approximately 10 and 11 times, respectively [12] Regional Focus for Future Development - Key regions for the future development of Chinese engineering machinery brands include Southeast Asia, Russian-speaking regions, the Middle East, and Africa, driven by infrastructure investments and high demand for mining-related equipment [11]