证券日报网讯尤洛卡（300099）11月19日在互动平台回答投资者提问时表示，2023年，公司将发展方向 聚焦于智慧矿山领域。"尤洛卡"作为在该领域具备较高市场知名度和品牌认可度的名称，能够更准确地 建立公司证券简称与核心业务之间的关联，也能更清晰地传递出公司的经营重心与产业布局，有助于资 本市场和投资者形成更准确的认知，从而进一步提升公司品牌形象与价值。相比之下，"精准信息"已难 以精确涵盖公司当前的战略方向与业务内容。 ...

Core Insights - Boreton, known as the "first stock of zero-carbon mining robots," is set to launch its autonomous electric mining truck on November 21, marking a significant advancement in mining automation and the transition to a "truly unmanned" era [1][2]. Group 1: Product Features and Innovations - The new autonomous mining truck is designed from the ground up for unmanned operation, featuring a structure and algorithms specifically tailored for intelligent driving, rather than being a modified traditional vehicle [2][3]. - The removal of the driver's cabin signifies Boreton's comprehensive understanding of "unmanned" technology, enhancing the vehicle's perception capabilities, performance, and safety [2][3]. - Boreton's self-developed E2E intelligent driving system utilizes multi-dimensional perception, path planning, and a multimodal smart mining model to achieve superior efficiency and safety in autonomous operations [2][4]. Group 2: Strategic Vision and Market Positioning - Boreton emphasizes practical and long-term approaches in its development, ensuring that autonomous driving integrates seamlessly into mining operations rather than forcing mines to adapt to new technologies [3][4]. - The company aims to provide a comprehensive solution for smart and zero-carbon mining, moving beyond just vehicle manufacturing to include energy management and intelligent scheduling [4][5]. - Boreton's collaboration with Huawei to develop a photovoltaic and energy storage microgrid addresses the critical issue of stable power supply for electric mining trucks, showcasing its technical advantages in the field [5][6]. Group 3: Industry Implications - The introduction of Boreton's autonomous mining truck represents a shift from traditional equipment upgrades to a more integrated approach that optimizes the entire mining production model, indicating a competitive landscape focused on energy systems rather than just equipment [6]. - The launch event on November 21 is not merely a product release but a pivotal moment for the entire smart and zero-carbon mining sector, reflecting the industry's growing expectations for innovation and efficiency [6].

天眼查App显示，近日，长沙象飞田矿山设备有限公司成立，法定代表人为邹联辉，注册资本10万人民 币，经营范围为一般项目：机械设备销售;矿山机械销售;机械零件、零部件销售;机械电气设备销售;电 气设备销售;配电开关控制设备销售;智能输配电及控制设备销售;电子元器件零售;电力电子元器件销售; 汽车零配件零售;日用家电零售;铁路运输设备销售;电子产品销售;化工产品销售（不含许可类化工产 品）;润滑油销售;家用电器销售;家用电器零配件销售;金属制品销售;金属链条及其他金属制品销售;家具 零配件销售;移动通信设备销售;五金产品批发;金属工具销售;建筑用金属配件销售;五金产品零售;劳动保 护用品销售;建筑材料销售;金属材料销售;机械设备租赁;国内货物运输代理;国内集装箱货物运输代理;货 物进出口;技术进出口;进出口代理;销售代理（除依法须经批准的项目外，自主开展法律法规未禁止、未 限制的经营活动）。 ...

Core Viewpoint - Lingong Heavy Machinery Co., Ltd. has submitted its prospectus to the Hong Kong Stock Exchange for a main board listing, marking its second attempt to enter the capital market after withdrawing its A-share listing application in early 2024 [1][5]. Company Overview - Established in 2012, Lingong Heavy Machinery operates in multiple sectors, focusing on mining equipment and aerial work machinery, which are both high-margin business segments. Its mining equipment sales cover regions including China and Southeast Asia, while its aerial work machinery is sold in Europe and North America [3]. - According to a Frost & Sullivan report, Lingong Heavy Machinery ranks third among domestic companies in the global mining transportation equipment and excavator market by revenue in 2024. It holds the first position globally in the non-road wide-body dump truck sector and ranks fifth in the global aerial work equipment market among domestic companies, as well as third in the Asia-Pacific region [3]. Financial Performance - The company's revenue for the years 2022 to 2024 is projected to be 10.529 billion yuan, 9.897 billion yuan, and 12.028 billion yuan, respectively. Net profits for the same years are expected to be 0.954 billion yuan, 0.974 billion yuan, and 1.000 billion yuan [5]. - In the first half of 2025, despite revenue of 5.531 billion yuan, the net profit reached 0.635 billion yuan, indicating a trend of profit growth without a corresponding increase in revenue [5]. Fundraising and Investment Focus - The company plans to use the funds raised from the IPO primarily for research and development innovation and capacity upgrades, with a focus on enhancing the competitiveness of core products such as autonomous mining equipment and electric aerial work platforms [7].

Core Viewpoint - The underground loader industry is experiencing steady growth driven by the rigid demand for mineral resources and advancements in automation and technology [3][11]. Market Demand - The demand for underground loaders is increasing due to the rigid demand for mineral resources such as copper, gold, lithium, and nickel [3]. - The automation level in domestic metal and non-metal mining is improving, leading to equipment upgrades [3]. - Diesel power remains the mainstream power system, but electric options are expected to rise in the future [3]. - Remote control and automation technologies are becoming more prevalent, enhancing safety and efficiency [3]. - The product structure includes small machines (1-3 tons) for narrow tunnels and stable demand, and medium machines (3.1-5 tons) widely used in both metal and non-metal mining [3]. Industry Development Trends - Domestic manufacturers are gradually closing the gap with international counterparts [4]. - Demand for underground loaders is increasing in non-metal mining sectors such as salt and gypsum [4]. - The future direction includes smart and unmanned operations, with remote control and automated navigation improving safety, especially in hazardous environments [4]. Global Market Analysis - The global underground loader market sales reached $51.53 million in 2024 and is projected to reach $69.68 million by 2031, with a CAGR of 4.01% from 2025 to 2031 [6]. - Major manufacturers like XCMG, Liugong, and Epiroc hold about 49% of the international market share [8]. - The 1-3 ton category is significant, expected to account for 75.80% of the market share by 2031, with metal mining holding approximately 83.66% of the market share in 2024 and a CAGR of 6.43% [9]. Industry Opportunities and Drivers - The replacement demand and the need for upgrading old equipment are driving the procurement of new underground loaders [13]. - There is potential for market expansion in developing regions like South America, Africa, and Southeast Asia, where Chinese manufacturers can leverage cost advantages and localized service capabilities [14]. - The push for smart mining is promoting the adoption of remote control and automated systems, which can reduce human exposure to risks and enhance production efficiency [14]. Policy and Safety Standards - The government is accelerating the construction of smart mines and promoting the use of intelligent equipment to replace hazardous manual operations, positively impacting the demand for automated underground equipment [17][18]. - Stricter safety and environmental standards are guiding the procurement of low-emission or electric equipment to reduce ventilation and safety costs [17][18].

Core Viewpoint - The company has demonstrated strong revenue growth and profitability in Q3 2025, driven by increased orders and innovative product development, positioning itself for future expansion in both domestic and international markets [1][2][5]. Financial Performance - In Q3 2025, the company achieved revenue of 301 million yuan, a year-on-year increase of 2.18% - The net profit attributable to shareholders was 46 million yuan, reflecting a year-on-year growth of 26.31% - The net profit excluding non-recurring items was 43 million yuan, with a year-on-year increase of 27.56% [1]. Order Growth and Market Expansion - Total contract value signed in the first three quarters of 2025 increased by 32.21%, with domestic growth of 11.72% and international growth of 51.44% - In Q3 alone, contract signing increased by 80.42%, with domestic growth of 48.31% and international growth of 114.30% - The company’s global expansion strategy is yielding results, particularly in Latin America and Africa, where growth rates have exceeded 50% [2]. Product Innovation - The company has developed a pioneering forged composite liner, which significantly enhances hardness, wear resistance, impact resistance, and corrosion resistance compared to traditional cast chromium-molybdenum steel - Initial trials of the forged composite liner have shown a 10% increase in equipment performance, a 20%-30% reduction in overall weight, and a 7%-12% decrease in energy consumption [3]. Strategic Investment - The company acquired a 22.5% stake in Veritas Resources AG to participate in the development of the Alacran copper-gold-silver mine in Colombia, which has estimated copper reserves of approximately 402,900 tons and gold reserves of 23.5 tons - The total estimated value of the mine's reserves is around 50 billion yuan, with construction expected to begin after environmental approval in 2025 [4]. Earnings Forecast - Revenue projections for 2025, 2026, and 2027 are 1.153 billion yuan, 1.444 billion yuan, and 1.759 billion yuan, respectively - Earnings per share (EPS) are forecasted to be 0.71 yuan, 0.96 yuan, and 1.25 yuan for the same years, with corresponding price-to-earnings (PE) ratios of 43.3, 32.3, and 24.7 - The company is expected to maintain steady growth in its core business while strategically extending into upstream copper resources, creating a second growth curve [5].

Core Viewpoint - Lingong Heavy Machinery Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, aiming to leverage its position as a leading global provider of mining and aerial work equipment through innovation and technology [1][3]. Group 1: Company Overview - Lingong Heavy Machinery is recognized as the first domestic manufacturer to develop electric-controlled mining excavators, known for their high reliability and stability [3]. - The company has achieved cumulative shipments of nearly 600 mining excavators as of June 30, 2025 [3]. - Lingong Heavy Machinery also offers auxiliary mining machinery, such as water trucks, providing comprehensive solutions for efficient and high-quality mining operations [3]. Group 2: Market Position and Innovations - The company has proactively introduced new energy and unmanned mining equipment to align with trends in electrification and automation, characterized by high reliability, high availability, and low operating costs [3]. - As of June 30, 2025, approximately 1,600 units of new energy mining transport equipment have been sold [3]. - According to Frost & Sullivan, Lingong Heavy Machinery ranks first among domestic companies in the global new energy mining transport equipment sector based on projected revenue for 2024 [3]. Group 3: Global Reach - As of November 1, 2025, Lingong Heavy Machinery's sales network has expanded to over 100 countries and regions worldwide, holding significant market positions in Asia, Europe, Africa, and the Americas [3].

Core Insights - Lingong Heavy Machinery Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with CICC and Everbright Securities as joint sponsors [2] - The company is a leading global provider of mining and aerial work equipment, focusing on innovative and sustainable solutions [2] - Lingong Heavy Machinery ranks third among domestic companies in the global mining transportation equipment and excavator market based on projected 2024 revenue [2] Company Overview - Lingong Heavy Machinery is recognized as the first domestic manufacturer to develop electric-controlled mining excavators, known for high reliability and stability [2] - As of November 1, 2025, the company's sales network has reached over 100 countries and regions globally, holding significant market positions in Asia, Europe, Africa, and the Americas [2] Market Position - According to Frost & Sullivan, Lingong Heavy Machinery ranks first in the global non-road wide-body dump truck sector and first among domestic companies in the global new energy mining transportation equipment market based on 2024 revenue [2] - The company is also positioned fifth in the global aerial work equipment market and third in the Asia-Pacific aerial work equipment market based on projected 2024 revenue [2] - In the global autonomous mining transportation equipment market, Lingong Heavy Machinery ranks fourth among domestic companies based on 2024 revenue [2] Financial Performance - For the fiscal years 2022 to 2024 and the first half of 2025, Lingong Heavy Machinery reported revenues of CNY 10.53 billion, CNY 9.90 billion, CNY 12.03 billion, and CNY 5.53 billion respectively [5] - The company's profits for the same periods were approximately CNY 954 million, CNY 974 million, CNY 1 billion, and CNY 635 million respectively [5] - In the first half of 2025, the company experienced a 14.23% decline in revenue year-on-year, while profits increased by 21.6% [6] Ownership Structure - Prior to the IPO, Wang Zhizhong held approximately 55.50% of the company's shares through Lingong Group, controlling about 34.61% directly and approximately 60.26% indirectly through four holding platforms [6]

Company Overview - Lingong Heavy Machinery Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with China International Capital Corporation and Xingzheng International as joint sponsors [1] - The company is a global leader in mining and aerial work equipment, focusing on providing intelligent, efficient, and green solutions through innovation and technology [3] - As of November 1, 2025, Lingong Heavy Machinery's sales network has reached over 100 countries and regions, holding significant positions in major markets across Asia, Europe, Africa, and the Americas [3] Market Position - According to Frost & Sullivan, Lingong Heavy Machinery ranks third among domestic companies in the global mining transportation equipment and excavator market based on 2024 revenue [3] - The company is ranked first in the global non-road wide-body dump truck sector and first in the global new energy mining transportation equipment sector among domestic companies, based on 2024 revenue [3] - In the global aerial work equipment market, Lingong Heavy Machinery ranks fifth among domestic companies, and third in the Asia-Pacific region based on 2024 revenue [3] Product Offerings - The company's mining transportation equipment includes diesel non-road wide-body dump trucks, new energy non-road wide-body dump trucks, mining dump trucks, and articulated trucks, which have become mainstream products in the 50-100 ton range [4] - As of June 30, 2025, Lingong Heavy Machinery has shipped nearly 600 mining excavators and approximately 1,600 new energy mining transportation devices [4] Financial Performance - Revenue for Lingong Heavy Machinery from 2022 to 2024 was RMB 10.529 billion, RMB 9.897 billion, and RMB 12.028 billion, respectively, with revenue of RMB 5.531 billion for the six months ending June 30, 2025 [5] - The company reported net profits of approximately RMB 0.954 billion, RMB 0.974 billion, and RMB 1 billion for the fiscal years 2022, 2023, and 2024, respectively, with net profits of RMB 0.635 billion for the six months ending June 30, 2025 [6] Profitability Metrics - The overall gross profit margins for Lingong Heavy Machinery were 17.7%, 18.8%, 20.1%, and 22.4% for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [9] Industry Overview - The global mining market size has grown from RMB 38.5 trillion in 2020 to RMB 54.8 trillion in 2024, with a compound annual growth rate (CAGR) of 9.3% from 2020 to 2024 [11] - The global mining equipment market is expected to expand from RMB 736.7 billion in 2024 to RMB 1,025.6 billion by 2030, with a CAGR of 5.7% from 2024 to 2030 [11] - In China, the mining equipment market is projected to reach RMB 123 billion by 2024, growing at a CAGR of 6.3% and expected to reach RMB 177.1 billion by 2030 [12]

Core Viewpoint - Company is seeking to list on the Hong Kong Stock Exchange, indicating growth ambitions and market confidence [1] Group 1: Company Overview - Company is a global leader in mining equipment and aerial work platforms, focusing on innovative and technological solutions [1] - The company aims to provide intelligent, efficient, and green solutions to global customers [1] Group 2: Market Position - According to a Frost & Sullivan report, the company ranks first among domestic enterprises in the global new energy mining transportation equipment sector based on projected revenue for 2024 [1]