关于召开 2025 年第三次临时股东会的通知 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。 一、召开会议的基本情况 1、股东会届次：公司 2025 年第三次临时股东会。 证券代码：000528 证券简称：柳 工 公告编号： 2025-90 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 2、股东会的召集人：公司董事会。2025年11月27日，公司第十届董事会第六次 （临时）会议审议通过《关于公司召开2025年第三次临时股东会的议案》。 3、会议召开的合法、合规性：本次会议的召集、召开符合《中华人民共和国公司 法》《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第1 号——主板上市公司规范运作》等法律、行政法规、部门规章、规范性文件及《公司 章程》的有关规定。 4、会议召开的日期、时间： （1）现场会议时间：2025 年 12 月 16 日 14:15； （2）网络投票时间：2025 年 12 月 16 日。 通过深圳证券交易所互联网投票系统投票的时间：2025 年 12 月 16 日 9:15~15:00。 通过深圳证 ...

表决结果：同意 5 票，反对 0 票，弃权 0 票。 一、《公司关于子公司不再纳入合并报表范围被动形成财务资助的议案》 审计委员会认为：经认真审阅议案及相关材料，听取公司管理层汇报后，认为公司 本次被动形成财务资助事项是对原控股子公司日常经营借款的延续，江汉建机及部分管 理层股东已为该笔借款提供土地、房产、股权等资产抵押、质押的足额担保，不会对公 司的正常经营和业务发展造成不良影响，符合公司利益和全体股东利益。因此，我们同 意将该议案提交公司董事会审议。公司董事会在审议该议案时需依据《深圳证券交易所 股票上市规则》和《公司章程》的规定，不应出现损害公司、股东尤其是中小股东利益 的情形。关联董事应回避表决。 广西柳工机械股份有限公司（简称"公司"）第十届董事会审计委员会第四次会议 通知于 2025 年 11 月 23 日通过邮件方式送达各位委员，11 月 24 日在公司总部大楼 6E 会议室如期召开，会议应到委员 5 人，实到委员 5 人，本次会议的召开符合《公司法》 《深圳证券交易所股票上市规则》及《公司章程》的相关规定，全体审计委员会成员对 拟提交公司第十届董事会第六次（临时）会议的相关议案进行审议并发表如 ...

广西柳工机械股份有限公司 第十届董事会第六次（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 11 月 23 日以 电子邮件方式发出召开第十届董事会第六次（临时）会议的通知，会议于 2025 年 11 月 27 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《公司关于子公司不再纳入合并报表范围的议案》 同意因公司控股子公司湖北江汉建筑工程机械有限公司（简称"江汉建机"）股权 结构调整事项而不再纳入公司合并报表范围。 该议案已经公司董事会审计委员会审议通过。 关联董事黄旭先生回避表决。 证券代码：000528 证券简称：柳 工 公告编号：2025-87 债券代码：127084 债券简称：柳工转2 二、审议通过《公司关于子公司不再纳入合并报表范围被动形成财务资助的议案》 1．同意因公司控股子公司江汉建机股权结 ...

Core Insights - The article highlights the significant advancements in electric construction machinery by Guangxi Liugong Machinery Co., Ltd. (Liugong), showcasing its innovative electric products and energy supply solutions [2][4]. Group 1: Electric Product Innovations - Liugong has launched over 100 electric products, establishing a comprehensive electric product matrix [2]. - The company introduced three main energy supply paths for electric products: mobile power supply, rapid battery swapping, and external power sources, aimed at achieving quick and flexible energy replenishment [2]. - An African customer noted that the operating costs of electric products are nearly 70% lower compared to traditional fuel products, indicating strong interest in procurement [2]. Group 2: International Market Performance - Liugong's overseas performance reached a historical high in the first three quarters of the year, with electric products being particularly well-received in international markets [4]. - The Chinese construction machinery industry is increasingly focusing on overseas markets as a key growth direction, with electric machinery aligning well with the trends in Europe and the U.S. [4]. - Data from the China Construction Machinery Industry Association shows that from January to September 2025, China sold 174,039 excavators, marking an 18.1% year-on-year increase, with exports accounting for 48.4% of total sales [4]. Group 3: Industry Trends and Collaborations - The article discusses the competitive landscape of the construction machinery industry, emphasizing the shift from price competition to innovation capability as a means to drive growth [4]. - Leading companies in the industry are collaborating to enhance their international presence and are focusing on digital transformation to reshape industry value [4]. - The article mentions that major players like SANY Heavy Industry have developed over 100 electric products and invested heavily in smart excavators and unmanned technologies [4].

中新网柳州11月28日电 日前，"2025主流媒体看广西产业园区高质量发展采风团"走进广西工业重镇柳 州，近距离感受这座老牌制造之城向"智造"迈进的成果。 在广西思必驰科技有限公司(下称"思必驰")的体验区内，一辆搭载人工智能座舱的汽车根据语音指令， 能自动调节空调、规划导航并推荐周边服务。 "我们的首个车载硬件客户是上汽通用五菱汽车股份有限公司，这是我们落地柳州的重要基础。"思必驰 总经理施宋磊表示，企业布局柳州主要基于三方面考量：核心客户集聚、政府支持力度大、产业生态协 同高效。"在柳州，技术人才资源池深厚，隔壁企业培养的人才也可能为我们所用，这大幅降低了用工 与生产成本。" 施宋磊透露，落地广西还看中这里的区位优势。该公司与广西民族大学开展校企合作，聘请近80名小语 种专业学生，共同研发面向越南、泰国等国家的语音模型，实现"北上广研发+广西集成+东盟应用"。 在柳州市北部生态新区，采风团还探访了广西首家芯片企业——广西飓芯科技有限责任公司。在这里， 国内首条氮化镓半导体激光器量产线正有序运转，实现了该类芯片的进口替代和自主可控。 近年来，以人工智能及机器人产业为突破口，北部生态新区已构建起从核心部件到终 ...

[Table_Reportdate] 2025年11月28日 [证券分析师： Table_Authors] 刘思佳 S0630516080002 liusj@longone.com.cn 联系人： 邓尧天 dytian@longone.com.cn [晨会纪要 Table_NewTitle] 20251128 重点推荐 财经要闻 ➢ 1.国家发改委：要注意防范重复度高的人形机器人产品"扎堆"上市 晨 会 纪 要 证券研究报告 HTTP://WWW.LONGONE.COM.CN 请务必仔细阅读正文后的所有说明和声明 [table_summary] ➢ 1.基数压力显现，行业亦有分化——国内观察：2025年10月工业企业利润数据 ➢ 2.10月挖掘机外销持续向好，龙头推进电动化全球化——机械设备行业简评 晨会纪要 1.重点推荐 1.1.基数压力显现，行业亦有分化——国内观察：2025 年 10 月工业企业利润数据 | 1. 重点推荐 | | 3 | | --- | --- | --- | | 1.1. 基数压力显现，行业亦有分化——国内观察：2025 | 年 10 月工业企业利润数 | | | 据 | | 3 | ...

Group 1 - The core viewpoint of the news is that Suzhou Green Control Transmission Technology Co., Ltd. (referred to as Green Control Transmission) has completed its listing counseling work and plans to go public on the A-share market, with China International Capital Corporation (CICC) as the counseling institution [2] - Green Control Transmission was established in 2011 and focuses on power transmission systems for new energy commercial vehicles, possessing five core technologies including electric drive system architecture design and high-efficiency drive motor technology [2] - The company has eight series of powertrain products covering pure electric, fuel cell, and hybrid technology routes, widely used in buses, trucks, special vehicles, and non-road mobile machinery [2] Group 2 - The controlling shareholder of Green Control Transmission is Li Lei, who directly holds 21.46 million shares, accounting for 35.98% of the total share capital before issuance, and indirectly controls an additional 7.43 million shares, totaling 48.43% [3] - Li Lei, born in April 1985, has a background in automotive engineering and has held various positions, including chairman and general manager of Green Control Transmission since December 2011 [3] Group 3 - Green Control Transmission's IPO application for the Sci-Tech Innovation Board was accepted in December 2022 but was withdrawn in March 2023, leading to the termination of the listing application [4]

Group 1 - The core viewpoint of the article highlights the significant advancements in electric construction machinery by LiuGong, showcasing its appeal to international customers and the potential for cost savings in operations [1][3][5] - LiuGong introduced a comprehensive electric product charging solution, which includes three main charging paths: mobile power supply, rapid battery swapping, and external power sources, aimed at enhancing energy supply flexibility [3][5] - The company has launched over 100 electric products, establishing a complete electric product matrix, and is advancing automation and artificial intelligence in its operations, including regular operations of unmanned electric loaders [3][5] Group 2 - LiuGong's overseas performance reached a historical high in the first three quarters of the year, with electric products being particularly popular in international markets, contributing to sustained growth in overseas business [5] - The Chinese construction machinery industry is facing intense competition, with overseas markets seen as a crucial avenue for growth. The industry has established advantages in the electric product supply chain, aligning with the accelerating trend of electrification in Western markets [5][6] - Data from the China Construction Machinery Industry Association indicates that from January to September 2025, China sold 174,039 excavators, marking an 18.1% year-on-year increase, with exports accounting for 48.4% of total sales [6]

Core Insights - The event showcased the launch of innovative electric and autonomous machinery, emphasizing environmental sustainability and efficiency [1][3] - LiuGong is transitioning from a product-centric approach to a customer and application-centric model, aiming for comprehensive solutions over the next five years [3] - LiuGong has introduced a new energy replenishment solution for electric products, focusing on mobile power supply, quick battery swapping, and external power sources [3][5] Group 1 - LiuGong's global dealer conference and customer festival featured over 220 pieces of equipment across more than 30 product lines, highlighting the company's technological advancements and global strategy [3] - The company has launched over 100 electric products, establishing a comprehensive electrification matrix that includes various technological paths such as pure electric, battery swapping, hybrid, and dual power [5] - LiuGong's advancements in automation include regular operations of autonomous electric loaders and significant commercial results from unmanned compactor fleets [5] Group 2 - LiuGong's chairman, Zheng Jin, noted the company's evolution from single product manufacturing to a full range of products and solutions over 67 years [3] - The company aims to achieve a systematic upgrade through digital intelligence technology, enhancing its operational capabilities [3] - LiuGong's new mining equipment includes the 9200F excavator, DW165CE electric mining truck, and 4380D grader, expanding its mining product family [3]

Group 1: Investor Relations Activities - The investor relations activities included specific object research, analyst meetings, media interviews, performance briefings, press conferences, roadshows, site visits, and others, with 60 participants from various investment institutions and securities analysts [2] - The event took place from November 25 to November 26, 2025, at the Liugong International Industrial Park, showcasing the company's commitment to transparency and engagement with stakeholders [2] Group 2: Global Customer Festival Highlights - The "11·26 Global Customer Festival" in 2025 was the largest and most successful in Liugong's history, featuring a comprehensive exhibition of products across eight major scenarios, including mining, agriculture, and energy [3] - Approximately 2,000 attendees participated, including 1,200 overseas dealers, marking a record high for the event [3] - The introduction of the 9200F, a 200-ton super-large mining excavator, signifies a new development stage for Liugong's excavator and mining business [3] Group 3: Market Outlook for 2026 - The domestic earthmoving machinery market is expected to continue its growth cycle, with core products like loaders and excavators projected to achieve double-digit growth [4] - Internationally, a cautious optimism prevails, with global demand anticipated to recover in single digits, particularly in Africa, Asia, and the Middle East, while growth in Europe and North America is expected to be modest [4] Group 4: Strategic Planning and Financial Goals - Liugong aims to achieve a revenue of no less than 60 billion yuan by 2030, with international revenue accounting for at least 60% and a sales profit margin of no less than 8% [7] - The company projects a compound annual growth rate of 12% for revenue and 25% for profit, with a focus on becoming one of the top ten global construction machinery companies [7] Group 5: Capital Expenditure and Market Strategy - The company is considering a potential listing in Hong Kong to broaden financing channels and enhance its international brand image, aligning with its global strategy [8] - Future capital operations will focus on upgrading manufacturing capabilities and exploring high-quality capital projects to support long-term strategic goals [8] Group 6: Mining Machinery Development - Liugong has established deep business collaborations with major domestic mining groups, leading to record-high order amounts from overseas mining clients [9] - The mining machinery business will focus on five core innovations: green energy, service capability, comprehensive product offerings, new marketing models, and strong international market development [9] Group 7: Pricing Competition and Marketing Strategy - The domestic pricing competition for electric loaders has improved since August, with some brands exiting the market, leading to more stable pricing [10] - Liugong emphasizes high-quality development and sustainable operations, avoiding irrational competition and focusing on product quality and profitability [11] Group 8: Accounts Receivable Management - The increase in sales and revenue has led to a rise in accounts receivable, primarily due to stable overseas revenue and longer payment terms from major domestic clients [13] - The company maintains a good turnover rate and asset quality, with a comprehensive system for managing overdue accounts and risks [13]