5月28日盘后，山推工程机械股份有限公司发布公告称，为深入推进公司全球化战略，进一步提升公司综 合竞争力，公司目前正在筹划发行H股并在香港联合交易所有限公司（以下简称"香港联交所"）上市事项（以 下简称"本次H股上市"），公司正在与相关中介机构就本次H股上市的具体推进工作进行商讨，相关细节尚未 确定，本次H股上市不会导致公司控股股东和实际控制人发生变化。 根据相关法律法规要求，待具体方案确定后，本次H股上市工作尚需提交公司董事会和股东大会审议，并 经中国证券监督管理委员会备案和香港联交所等监管机构审核。能否通过审议、备案和审核程序并最终实施具 有较大不确定性，公司方面提示投资者注意投资风险。 公开资料显示，山推股份主要从事建筑工程机械、矿山机械、农田基本建设机械、收获机械及配件的研 究、开发、制造、销售、租赁、维修及技术咨询服务，公司是国内推土机行业的领军企业，系最早一批国内上 市的工程机械领域知名企业。 值得注意的是，近年来， 公司的海外业务发展增速亮眼 。山推股份2024年年报显示，公司2024年海外出 口收入达到主营业务收入的57.41%。在重构公司的"9+2"海外营销网络的过程中，公司海外营销、技术、 ...

Core Points - The document outlines the independent director special meeting system of China Railway Construction Heavy Industry Group Co., Ltd. to enhance corporate governance and promote high-quality development [1][2] - Independent directors are defined as those who do not hold other positions in the company and have no direct or indirect interests that could affect their independent judgment [1][2] Group 1 - Independent directors have a duty of loyalty and diligence to the company and all shareholders, and they must fulfill their responsibilities according to relevant laws and regulations [2][3] - The company is required to hold independent director special meetings as needed, which are exclusively attended by independent directors [2][3] - A lead independent director is to be elected by a majority of independent directors after a board reshuffle to convene and preside over the special meetings [2][3] Group 2 - Special meetings can be held in person, via video conference, or by phone, and must have a quorum of more than half of the independent directors present [3][4] - Decisions made in special meetings require a majority vote from all independent directors [3][4] - Certain matters, such as related party transactions and changes to commitments, must be approved in special meetings before being submitted to the board [4][5] Group 3 - Independent directors must seek approval from special meetings before exercising specific powers, such as hiring external consultants or proposing shareholder meetings [5][6] - Meeting records must be kept, detailing the opinions of independent directors, and these records should be signed and confirmed by the directors [5][6] - The company is responsible for ensuring the necessary conditions for the meetings and providing relevant materials for discussion [5][6]

Core Viewpoint - Zoomlion Heavy Industry Science and Technology Co., Ltd. plans to issue asset-backed securities (ABS) and credit bonds to optimize its asset structure and broaden financing channels, aiming for high-quality development [1] Group 1: Financial Details - The total issuance scale for asset-backed securities is not to exceed 4 billion yuan [1] - The issuance scale for credit bonds is not to exceed 1 billion yuan [1] - Zoomlion will provide guarantees for its wholly-owned subsidiary, Zoomlion Financing Leasing (China) Co., Ltd. [1]

中新社柳州5月29日电 (林馨)在广西柳工机械股份有限公司(下称"柳工")智能化的工厂中，机械臂精准舞 动，自动导向车AGV小车自如穿梭，"海—陆—空"立体物流系统高效运转。日前，来自全球各地嘉宾 走进柳工装载机智能工厂和柳工挖掘机智慧工厂，近距离感受中国智造魅力。 近年来，柳工围绕"智慧""绿色"两大主线，加速电动化、智能化、数字化、无人化技术研发。2024年， 柳工营业收入突破300亿元人民币，海外收入同比大幅增长。今年一季度，公司海外营业收入占比突破 50%。 5月28日至29日，第五届柳工5·28全球客户节在柳州举行。来自全球近百个国家和地区的近千名嘉宾， 感受中国工程机械智能化、绿色化魅力。 本次客户节设8个展区，共110台创新产品(含45款电智产品)亮相，以动态、静态等不同形态展示港口物 流、金属冶炼、起重吊装、道路施工以及矿山开采等五大行业的技术和产品解决方案。 来自南非大型矿业公司的客户代表表示："柳工电动装载机在矿山场景中的作业效率、续航能力，以及 整机响应速度，都证明这是一款成熟且可靠的产品。"在客户节上，柳工展示的换电和混动解决方案， 也让客户对在南非复杂施工环境中的落地应用更有信心。 ...

Group 1 - Company is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and competitiveness [1][4] - Company is a leading player in the domestic bulldozer industry, offering a range of products including bulldozers, road machinery, concrete machinery, loaders, and excavators [4] - The global business expansion faces challenges such as trade protectionism, policy impacts on international market demand, and risks related to foreign exchange and material price fluctuations [5][6] Group 2 - The excavator business is currently facing issues of competition within the industry [7] - Company completed the acquisition of 100% equity in Shandong Heavy Industry Group's subsidiary, which has led to overlapping markets with another subsidiary, Leiwo Engineering Machinery [8][9] - In 2024, the company achieved a revenue of 14.219 billion yuan, a year-on-year increase of 25.12%, with overseas revenue accounting for 57.41% of its main business income [10]

Core Viewpoint - LiuGong is committed to high-quality development through innovation and strategic transformation, focusing on comprehensive solutions, intelligentization, and internationalization to enhance its global competitiveness [10][12][14]. Group 1: Event Overview - The fifth LiuGong Global Customer Festival was held on May 28, 2025, in Liuzhou, Guangxi, attracting nearly a thousand guests from around the world [3][8]. - The event showcased a blend of technology and culture, emphasizing LiuGong's commitment to innovation and customer engagement [3][19]. Group 2: Strategic Goals - LiuGong's new board of directors aims to leverage three key "keys of inheritance": market-oriented genes from mixed reform, top-level design of the "three comprehensive" strategy, and a culture of customer-centricity and innovation [12][14]. - The company plans to enhance its global operational capabilities, with overseas revenue exceeding 45% in 2024 and continuing to grow in 2025 [10][12]. Group 3: Product Innovation - LiuGong launched the new generation T-series electric loader, marking a significant step in its "comprehensive intelligentization" initiative [37][39]. - The T-series electric loader boasts a 70% reduction in annual operating costs, an 8%-12% increase in work efficiency, and a 15% decrease in energy consumption compared to previous models [42]. Group 4: Market Position and Future Outlook - LiuGong has achieved a historical high in revenue, surpassing 30 billion yuan in 2024, with a strong focus on sustainable development and global brand recognition [10][50]. - The company is positioned as a leader in the engineering machinery industry, actively participating in the transition towards high-end, intelligent, and green solutions [16][50].

Core Viewpoint - Sany Heavy Industry is pursuing a listing on the Hong Kong Stock Exchange to enhance its global market presence and leverage Hong Kong's status as an international financial center [1][2]. Group 1: Company Overview - Sany Heavy Industry submitted its H-share listing application to the Hong Kong Stock Exchange on May 22, with CITIC Securities as the sole sponsor [1]. - The company focuses on the research, manufacturing, sales, and service of various construction machinery products, including excavators, concrete machinery, and cranes [1]. - The company aims to expand its global sales and service network, enhance brand recognition, and improve production efficiency through the IPO proceeds [2]. Group 2: Financial Performance - Sany Heavy Industry's projected revenues for 2022, 2023, and 2024 are 80.839 billion, 74.019 billion, and 78.383 billion respectively, with annual profits of 4.433 billion, 4.606 billion, and 6.093 billion [1]. - The gross profit figures for the same years are 18.296 billion, 19.576 billion, and 20.903 billion, with gross profit margins increasing from 22.6% in 2022 to 26.7% in 2024 [1][2]. Group 3: Global Strategy - Sany Heavy Industry has established over ten component companies, achieving a self-sufficiency rate of approximately 60% for parts by 2024, with certain components reaching a self-sufficiency rate of 90% [2]. - The company has a significant global footprint, with products sold in over 150 countries and regions, and overseas revenue projected to account for 62.3% of total revenue by 2024, reflecting a compound annual growth rate of 15.2% from 2022 to 2024 [2]. Group 4: Market Context - The trend of mainland companies seeking listings in Hong Kong indicates improved liquidity in the Hong Kong market and a commitment to global expansion by Chinese enterprises [4]. - As of May 27, Sany Heavy Industry's A-share closing price was 18.41 yuan per share, with a market capitalization of 156 billion yuan [4].

Core Viewpoint - The global engineering machinery industry is undergoing a significant transformation towards low-carbon and intelligent upgrades, driven by the "dual carbon" goals and the application of new technologies such as artificial intelligence and large models [1] Group 1: Conference Overview - The 2025 New Energy Construction Machinery Conference will be held from June 17 to 19, 2025, in Yantai, focusing on "Green Transformation and Intelligent Upgrade" [3] - The conference aims to gather leaders from the global engineering and agricultural machinery industries to discuss policies, innovative technologies, market demands, and development trends related to new energy and digitalization [1][3] Group 2: Conference Content - Key topics include the current status and trends of green intelligent products in engineering and agricultural machinery, energy transition directions, typical application scenarios of green intelligent machinery, and the adaptation of core components to electric development [5] - Discussions will also cover the transformation paths for traditional component suppliers and solutions for electrifying existing equipment [5] Group 3: Organizers and Participants - The conference is organized by Tianjin Engineering Machinery Research Institute Co., Ltd., and hosted by Yantai Aidi Precision Machinery Co., Ltd. [6] - Notable participating companies include Shandong Port Group, SANY, XCMG, and others, with a focus on green and intelligent solutions [4] Group 4: Registration and Fees - Registration for the conference must be completed by May 30, 2025, with a fee of 1900 RMB per person if paid before the deadline [7] - Discounts are available for multiple attendees from the same organization, and on-site registration will incur a higher fee [7] Group 5: Additional Information - Attendees are responsible for their own accommodation arrangements, with hotel rates provided for those wishing to stay at the conference venue [9] - The conference will feature a series of networking events, including a welcome dinner and site visits [6]

Group 1 - The legal opinion letter is issued by Shanghai Jintiancheng Law Firm regarding the 2024 annual general meeting of Jin Ying Heavy Engineering Machinery Co., Ltd. [1][2] - The law firm confirms that it has conducted necessary verifications and witnessed the entire process of the shareholders' meeting, ensuring the accuracy and legality of the facts and conclusions presented in the legal opinion [2][3] - The meeting was convened by the company's board of directors, with proper notice given at least 20 days prior to the meeting [2][3] Group 2 - The shareholders' meeting took place on May 28, 2025, in Xiangyang City, Hubei Province, with both on-site and online voting options available [3][4] - A total of 111 shareholders and their proxies attended the meeting, representing 404,487,234 shares, which accounts for 75.8413% of the total voting shares [3][5] - The meeting's voting procedures and results were verified, confirming that all attendees had valid qualifications to participate [4][5] Group 3 - The meeting reviewed several proposals, all of which fell within the authority of the shareholders' meeting and were consistent with the agenda provided in the notice [6][7] - The voting results showed that all proposals were approved, with significant support from the attending shareholders [6][8] - The legal opinion concludes that the procedures and results of the shareholders' meeting comply with relevant laws and regulations, affirming the legality and validity of the resolutions passed [8]

Core Viewpoint - Shantui Co., Ltd. is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and connect with overseas capital markets [1] Group 1: Company Overview - Shantui is a leading player in the construction machinery industry, with a strong brand presence both domestically and internationally [1] - The company’s main products include bulldozers, excavators, road rollers, graders, pavers, milling machines, concrete machinery, and loaders, with bulldozers being its flagship product [1] - Shantui is one of the few manufacturers with a comprehensive product line and widespread market distribution, ranking third after Caterpillar and Komatsu in the bulldozer market [1] Group 2: Financial Performance - In 2024, Shantui achieved a revenue of 14.219 billion yuan, a year-on-year increase of 25.12%, and a net profit of 1.102 billion yuan, up 40.72% [2] - The overseas market has shown significant growth, accounting for over 50% of total revenue, with overseas business income reaching 7.411 billion yuan, a 26.08% increase [2] - The revenue from main products in overseas markets was 6.67 billion yuan, with growth rates of 30% for bulldozers, 30% for excavators, and 11% for both loaders and road machinery [2] Group 3: Market Strategy and Future Goals - Shantui plans to deepen its market presence in Africa, Indonesia, the Middle East, and Southeast Asia, expecting a 30% revenue growth in these regions [3] - The company aims to achieve a revenue target of 15.7 billion yuan in 2025, with overseas income projected at 9 billion yuan [3] - Shantui completed the acquisition of 100% of Shandong Heavy Industry's excavator business for 1.841 billion yuan to enhance profitability and asset scale [3] - The long-term plan includes increasing the revenue share of excavators to 50% by 2027-2028, surpassing that of bulldozers [3]