12月26日，中国证监会公布《境外发行上市备案补充材料要求(2025年12月22日—2025年12月26日)》。 中国证监会国际司公示19家企业补充材料要求，其中，要求临工重机补充说明最近12个月内新增股东入 股价格的定价依据及公允性等事项。据悉，临工重机已于2025年11月6日递表港交所，中金公司 （601995）、兴证国际为联席保荐人。 中国证监会请临工重机补充说明以下事项，请律师核查并出具明确的法律意见： 一、请说明备案材料对控股股东认定结果不一致的原因及认定标准，并就控股股东的认定情况出具明确 结论性意见。 二、请说明最近12个月内新增股东入股价格的定价依据及公允性，该等入股价格之间存在差异的原因， 是否存在入股对价异常，并就是否存在利益输送出具明确结论性意见。 五、关于股权激励，请说明：(1)员工持股平台办理工商变更登记手续的进展情况；(2)离职员工份额转 让事宜处理进展，是否存在纠纷或潜在纠纷。 六、请说明本次拟参与"全流通"股东所持股份是否存在被质押、冻结或其他权利瑕疵的情形。 招股书显示，临工重机是全球领先的矿山设备和高空作业设备企业，致力于以创新和科技持续为全球客 户提供智能化、高效、绿色的 ...

智通财经APP获悉，12月26日，中国证监会公布《境外发行上市备案补充材料要求(2025年12月22日— 2025年12月26日)》。中国证监会国际司公示19家企业补充材料要求，其中，要求临工重机补充说明最 近12个月内新增股东入股价格的定价依据及公允性等事项。据悉，临工重机已于2025年11月6日递表港 交所，中金公司、兴证国际为联席保荐人。 中国证监会请临工重机补充说明以下事项，请律师核查并出具明确的法律意见： 一、请说明备案材料对控股股东认定结果不一致的原因及认定标准，并就控股股东的认定情况出具明确 结论性意见。 二、请说明最近12个月内新增股东入股价格的定价依据及公允性，该等入股价格之间存在差异的原因， 是否存在入股对价异常，并就是否存在利益输送出具明确结论性意见。 三、请对照《监管规则适用指引——境外发行上市类第2号：备案材料内容和格式指引》要求，(1)完善 说明发行上市方案；(2)说明募集资金的境内外具体用途及相应比例，是否涉及具体的募投项目，是否 已履行必要的审批、核准或备案程序。 四、请说明公司及下属公司业务涉及无人驾驶矿山设备的具体情况，是否涉及获取和使用地理信息数 据，并就经营范围及实际业 ...

Core Viewpoint - The company, Lingong Heavy Machinery, is set to go public on the Hong Kong Stock Exchange, positioning itself as a "dual leader" in both mining and aerial work equipment sectors, which may spark a listing frenzy in the Hong Kong market [1][4]. Company Overview - Lingong Heavy Machinery, established in 2012, specializes in the research, design, manufacturing, sales, and service of machinery for mining, aerial work, and material handling [1]. - The company ranks third among domestic enterprises in the global mining transportation equipment and excavator market, and first in the domestic market for new energy mining transportation equipment as of 2024 [1][2]. Financial Performance - Revenue figures for Lingong Heavy Machinery from 2022 to 2024 are as follows: 10.529 billion yuan, 9.897 billion yuan, and 12.028 billion yuan, with a slight decline in 2023 followed by a recovery in 2024 [3]. - The company achieved a net profit of 0.954 billion yuan, 0.974 billion yuan, 1 billion yuan, and 0.635 billion yuan from 2022 to the first half of 2025, indicating a steady growth trend [3]. - The gross profit margin improved from 17.7% in 2022 to 22.4% in the first half of 2025, driven by increased sales of high-margin products and a decrease in raw material prices [3]. Market Position and Strategy - Lingong Heavy Machinery has expanded its global footprint, reaching over 100 countries and increasing its overseas revenue share from 26.8% in 2022 to 44% in the first half of 2025 [2]. - The company has diversified its product lines, focusing on high-altitude work machinery, wide-body dump trucks, drilling rigs, and special machinery, while also leading in the electrification and automation of mining equipment [2]. Industry Growth Potential - The global engineering machinery market is projected to grow from 1.5372 trillion yuan in 2024 to 2.1319 trillion yuan by 2030, with a compound annual growth rate (CAGR) of approximately 5.6% [5]. - The aerial work equipment market is expected to grow from 62.6 billion yuan in 2020 to 136.6 billion yuan in 2024, with a CAGR of 21.5% [5]. - The mining equipment market is forecasted to expand from 736.7 billion yuan in 2024 to 1,025.6 billion yuan by 2030, with a CAGR of 5.7% [6]. Competitive Landscape - The engineering machinery industry is becoming increasingly competitive, with major players like XCMG and SANY accelerating their overseas expansion [7]. - Lingong Heavy Machinery faces significant competition in the aerial work equipment sector, where its revenue is projected to decline by 57% in 2024, highlighting the challenges posed by domestic competitors [7].

Core Viewpoint - The company, Lingong Heavy Machinery, is set to go public on the Hong Kong Stock Exchange, aiming to leverage its strong market position in the mining and aerial work equipment sectors, which are characterized as "dual leading" segments in the industry [1][7]. Company Overview - Lingong Heavy Machinery was established in 2012 and specializes in the research, design, manufacturing, sales, and service of machinery for mining, aerial work, and material handling [1]. - The company ranks third among domestic enterprises in the global mining transportation equipment and excavator market, and first in the domestic market for new energy mining transportation equipment as of 2024 [1][2]. Financial Performance - Revenue figures for Lingong Heavy Machinery from 2022 to 2024 are as follows: 10.529 billion yuan, 9.897 billion yuan, and 12.028 billion yuan, with a slight decline in 2023 followed by a recovery in 2024 [3]. - The company achieved a net profit of 0.954 billion yuan, 0.974 billion yuan, 1 billion yuan, and 0.635 billion yuan from 2022 to the first half of 2025, indicating a steady growth trend [3]. Market Position and Growth - Lingong Heavy Machinery has expanded its sales footprint to over 100 countries, with overseas revenue increasing from 26.8% in 2022 to 44% in the first half of 2025 [2]. - The company has positioned itself as a leader in the electric and intelligent transformation of construction machinery, having sold approximately 1,600 new energy mining transportation devices by mid-2025 [2]. Industry Trends - The global engineering machinery market is projected to grow from 1.5372 trillion yuan in 2024 to 2.1319 trillion yuan by 2030, with a compound annual growth rate (CAGR) of approximately 5.6% [5]. - The aerial work equipment market is expected to grow from 62.6 billion yuan in 2020 to 136.6 billion yuan in 2024, with a CAGR of 21.5% [5]. Competitive Landscape - The engineering machinery industry is characterized by increasing competition, with major players like XCMG and SANY expanding aggressively in overseas markets [7]. - Lingong Heavy Machinery faces challenges in maintaining its market position, particularly in the aerial work equipment sector, where it experienced a 57% revenue decline in 2024 [7].

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 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]

Core Viewpoint - Lingong Heavy Machinery Co., Ltd. has submitted an application for listing on 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 shipped nearly 600 mining excavators as of June 30, 2025, and offers comprehensive solutions including auxiliary machinery like water trucks for efficient mining operations [3]. Group 2: Market Position and Innovations - To align with trends in electrification and automation, Lingong Heavy Machinery has launched new energy and unmanned mining equipment, characterized by high reliability, high availability, and low operating costs [3]. - As of June 30, 2025, the company has sold approximately 1,600 units of new energy mining transport equipment, ranking first among domestic companies in the global new energy mining transport equipment sector based on projected revenue for 2024 [3]. Group 3: Global Reach - By 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].