证券代码：000528 证券简称：柳 工 公告编号：2025-64 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 第十届董事会第三次会议决议公告 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 8 月 15 日以电 子邮件方式发出召开第十届董事会第三次会议的通知，会议于 2025 年 8 月 25 日在公司 子公司中恒国际租赁有限公司会议室（主会场）及公司总部会议室（分会场）以现场表 决的方式如期召开。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。监事会全体监事列席了会议。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《关于公司 2025 年半年度报告全文及其摘要的议案》 同意公司 2025 年半年度报告全文及其摘要。 该议案已经公司董事会审计委员会审议通过。 表决情况为：11 票同意，0 票反对，0 票弃权。 该议案具体内容详见公司同时在《中国证券报》及巨潮资讯网（w ...

广西柳工机械股份有限公司 Guangxi Liugong Machinery Co., Ltd. 二Ｏ二五年半年度报告 二Ｏ二五年八月 广西柳工机械股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司负责人郑津先生、主管会计工作负责人罗国兵先生及会计机构负责人(会计主管人 员)樊丽君女士声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺。公司已在 本报告中详细描述了存在的风险事项，敬请查阅"第三节 管理层讨论与分析"中关于公司 未来发展的讨论与分析中可能面对的风险因素及对策部分的内容。请投资者注意投资风险。 | 第一节 | 重要提示、目录和释义 | | 2 | | --- | --- | --- | --- | | 第二节 | 公司简介和主要财务指标 | | 6 | | 第三节 | 管理层讨论与分析 | | 9 | | ...

Core Points - The article emphasizes the significant achievements in the dual-support work and veteran affairs in Guangxi, driven by the guidance of Xi Jinping's thoughts and policies [1][2] - It highlights the recognition of 80 exemplary units and 80 individuals for their contributions to dual-support work, fostering a supportive environment for veterans [1][2][3] Group 1 - The dual-support work has seen innovative developments, with military and civilian communities actively engaging in collaborative activities [1] - A total of 80 units were awarded the title of "Model Units for Dual-Support Work in Guangxi," including various government departments and educational institutions [2][3] - 80 individuals were recognized as "Model Individuals for Dual-Support Work," showcasing their dedication and contributions to society [1][2] Group 2 - The article calls for the awarded units and individuals to continue their exemplary roles and contribute to the high-quality development of dual-support work and veteran affairs [2] - It encourages all levels of government and the military to unite under the leadership of the central government and enhance their commitment to supporting veterans [2][3] - The recognition aims to create a strong societal atmosphere that values and supports veteran affairs, contributing to the overall development of the region [1][2]

Group 1 - The core viewpoint of the article highlights the growth in the number of enterprises in the metal products, machinery, and equipment repair industry, which increased by 98 to a total of 921 enterprises from January to May 2025, representing a year-on-year growth of 11.91% [1] - The proportion of these enterprises in the total industrial enterprises is 0.18% [1] - The report referenced is the "2025-2031 China Metal Products Industry Market Operation Pattern and Prospect Strategic Analysis Report" published by Zhiyan Consulting [1] Group 2 - The article lists several publicly listed companies in the metal products and machinery sectors, including Jingda Co., Ltd. (600577), Jinggong Steel Structure (600496), Southeast Network Frame (002135), CIMC Group (000039), China Railway Industry (600528), Anhui Heli (600761), LiuGong (000528), XCMG Machinery (000425), Yutong Heavy Industry (600817), and Noli Co., Ltd. (603611) [1]

Core Viewpoint - The article emphasizes the importance of state-owned enterprises (SOEs) in driving high-quality economic development in Guangxi, highlighting various initiatives to enhance the performance and international competitiveness of these enterprises. Group 1: Development of "New Brands" - Guangxi's state-owned enterprises are focusing on cultivating "new brands" to bridge the gap with more developed regions, with innovation being the primary driver for high-quality development [2][3] - The establishment of a project library for "new brands" aims to stimulate technological and industrial growth through dynamic adjustments and rolling implementations [2] - Measures such as benchmark demonstrations, enhanced assessments, and talent support systems are being implemented to promote the development of strategic emerging industries [2] Group 2: Upgrading "Old Brands" - Traditional "old brands" in Guangxi face challenges such as low technological content and market misalignment, necessitating a focus on innovation and product development [4][5] - The integration of modern marketing strategies, such as OMO (Online-Merge-Offline) marketing, has proven effective in revitalizing "old brands" and expanding market reach [5] - Companies like Yufeng Cement are successfully transitioning from traditional production to technology-driven enterprises, achieving significant technological advancements and awards [5][6] Group 3: Empowering "Original Brands" - "Original brands" represent Guangxi's traditional industries, which are undergoing transformation towards high-end, intelligent, and green production [7][8] - The introduction of technologies like AI and big data is enhancing operational efficiency and precision in traditional sectors, such as coal management and agriculture [7][8] - Companies are increasingly adopting automation and digitalization to improve productivity and reduce operational costs [6][8] Group 4: Expanding "External Brands" - Guangxi is leveraging its geographical advantages to enhance international trade, with initiatives like overseas warehouses and cross-border logistics [10][11] - The export sales revenue of state-owned enterprises in Guangxi reached 120.03 billion yuan, marking a 20.16% increase year-on-year [13] - Policies are being implemented to support enterprises in expanding their international presence, particularly in sectors like automotive and engineering machinery [13]

Core Viewpoint - The article emphasizes the importance of state-owned enterprises (SOEs) in driving high-quality economic development in Guangxi, highlighting various initiatives to enhance the competitiveness and innovation of these enterprises. Group 1: Development of "New Brands" - Guangxi is focusing on cultivating "new brands" which represent emerging industries and innovative enterprises, addressing the gap between Guangxi and more developed regions in China [2] - The Guangxi State-owned Assets Supervision and Administration Commission (SASAC) is implementing measures to promote the growth of "new brands" through project-driven technology and industry development [2] - The emphasis on innovation as a primary driver for high-quality development is crucial for the leadership role of SOEs [2] Group 2: Upgrading "Old Brands" - "Old brands" in Guangxi, such as local food and cultural products, face challenges like outdated technology and market positioning [4] - The SASAC is enhancing the competitiveness of "old brands" through technological upgrades and product innovation [5] - Companies like Xijiang Dairy are adopting innovative marketing strategies to revitalize "old brands" and attract new customers [5] Group 3: Empowering "Original Brands" - "Original brands" represent traditional industries in Guangxi, which are undergoing transformation towards high-end, intelligent, and green production [7] - The introduction of smart technologies in traditional sectors, such as coal management and agriculture, is improving efficiency and sustainability [8] - Companies are leveraging AI and data analytics to enhance operational efficiency and drive innovation in traditional industries [9] Group 4: Expanding "External Brands" - Guangxi is enhancing its international logistics capabilities, exemplified by the establishment of overseas warehouses to facilitate cross-border trade [10] - The SASAC is implementing policies to support the international expansion of enterprises, focusing on sectors like automotive and machinery [13] - Export sales from Guangxi's SOEs have shown significant growth, indicating successful penetration into international markets [13]

Investment Rating - The report suggests a positive outlook on the machinery equipment sector, particularly focusing on companies like LiuGong, SANY Heavy Industry, XCMG, Zoomlion, and Henglida Hydraulic [10][22]. Core Insights - The machinery equipment index increased by 2.75% in the last week, ranking 17th among 31 primary industry categories, while the Shanghai and Shenzhen 300 index rose by 4.18% [12]. - From January to July 2025, China's engineering machinery exports reached USD 33.49 billion, a year-on-year increase of 10.8%, indicating a strong recovery in overseas markets [22]. - China Railway Corporation's announcement of a significant increase in high-speed train procurement suggests a robust demand for railway equipment, with a total of 278 sets procured in 2025, exceeding the total for 2024 [15][23]. Summary by Sections 1. Stock Portfolio - Recommended stocks include LiuGong, SANY Heavy Industry, XCMG, Zoomlion, Henglida Hydraulic, and China CRRC [10]. 2. Market Review - The SW Machinery Equipment Index has risen by 29.11% year-to-date, ranking 5th among 31 primary industry categories [14]. 3. Core Insights Update - The engineering machinery sector is experiencing accelerated growth, with excavator sales in July 2025 reaching 17,138 units, a year-on-year increase of 25.2% [33]. - The railway equipment sector shows steady growth, supported by a 5.6% year-on-year increase in fixed asset investment [43]. 4. Key Data Tracking 4.1 General Machinery - The general machinery sector remains under pressure, with the manufacturing PMI at 49.3% in July, indicating contraction [24]. 4.2 Engineering Machinery - The engineering machinery sector is on an upward trend, with domestic excavator sales showing significant growth [33]. 4.3 Railway Equipment - The railway equipment sector is experiencing stable growth, with consistent investment in fixed assets [43]. 4.4 Shipbuilding - The shipbuilding sector is seeing a slowdown in price declines, with the global new ship price index stabilizing [47]. 4.5 Oil Service Equipment - The oil service equipment sector is stabilizing at the bottom, with a slight recovery in global rig counts [49]. 4.6 Industrial Gases - The industrial gases sector is expected to perform well in Q3 due to favorable pricing conditions [55]. 4.7 Gas Turbines - The gas turbine sector is showing robust growth, with significant increases in new orders [57].

Group 1 - The company will disclose its 2025 semi-annual report on August 27, 2025 [1] - A performance briefing will be held on August 29, 2025, from 15:10 to 16:40 via online and telephone conference [1] - Key attendees at the briefing will include the chairman, independent directors, and senior management from various departments [1] Group 2 - Investors can register for the briefing through a provided web link [2] - The company is collecting questions from investors in advance to address common concerns during the briefing [2] - Participants will receive a notification via SMS after their registration is approved, with options to join via online platforms or telephone [3]

证券代码：000528 证券简称：柳 工 公告编号：2025-63 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 关于举行 2025 年半年度网上业绩说明会的公告 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"）将于 2025 年 8 月 27 日披露《柳 工 2025 年半年度报告》。为方便广大投资者更加全面深入地了解公司的战略规划及实 际经营情况，公司定于 2025 年 8 月 29 日通过网络方式举办 2025 年半年度网上业绩说 明会，与投资者进行沟通交流，具体情况如下： 一、业绩说明会召开时间和方式 召开时间：2025 年 8 月 29 日（星期五）15:10-16:40 召开方式：网络及电话会议 二、公司出席人员 （一）董事长郑津先生、独立董事陈雪萍女士、董事会秘书黄华琳先生； （二）国内营销高级总监、财务总监、国际战略总监等相关部门负责人。 1. 网页报名链接： https://eseb.cn/1qLcLx66yI0 第 1页，共 2页 柳工董事会公告 2. 扫描下方二维码进行报 ...

Investment Rating - The mechanical industry is rated as "Buy" [1] Core Viewpoints - In July, there was a marginal improvement in the export of certain consumer goods to North America, while the export of engineering machinery remains robust [1] - The U.S. retail sales growth rate for July was +0.5%, indicating a decline in consumer spending willingness [3] - The export growth rates for electric tools, hand tools, and lawn mowers in the first seven months of 2025 were 3%, -5%, and 47% respectively [4] - The engineering machinery sector saw a cumulative export growth of 13% in the first seven months of 2025, with significant growth in excavators and tractors [5][8] Summary by Sections Consumer Goods - The main products include electric tools, hand tools, and lawn mowers, primarily targeting high-end consumers in Europe and the U.S. [3] - The cumulative export amounts to North America for electric tools, hand tools, and lawn mowers showed declines of -10%, -5%, and -2% respectively in the first seven months of 2025 [4] - Recommendations include companies such as QuanFeng Holdings, JuXing Technology, and Greebo [9] Capital Goods - Industrial - Key products include forklifts, machine tools, and industrial sewing machines, with a slight decline in global manufacturing PMI to 49.3% [9] - The cumulative export growth for forklifts, machine tools, and industrial sewing machines in the first seven months of 2025 was 0%, +14%, and +17% respectively [7] - Companies to watch include Anhui Heli, Hangcha Group, and Neway CNC [9] Capital Goods - Engineering Machinery - The engineering machinery sector, including excavators, tractors, and mining machinery, maintained double-digit cumulative export growth in the first seven months of 2025 [10] - The cumulative export growth rates for excavators, tractors, and mining machinery were 24%, 30%, and 25% respectively [8] - Recommended companies include Xugong Machinery, Sany Heavy Industry, and LiuGong [10]