Financial Performance - In the first half of 2025, the company achieved operating revenue of 54.8 billion CNY, with a net profit of 4.417 billion CNY, representing a year-on-year increase of 16.39% [2] - The attributable net profit was 4.36 billion CNY, with a year-on-year growth of 16.6% [2] - The non-recurring attributable net profit reached 4.467 billion CNY, showing a significant year-on-year increase of 35.57% [2] - Operating cash flow was 3.73 billion CNY, up 108% year-on-year, with a gross profit margin of 22%, an increase of 0.7 percentage points [2] Industry Outlook - The engineering machinery industry is entering a deep transformation period, with new policies and projects expected to accelerate recovery [2] - The company anticipates a sustained growth of over 10% in exports for the second half of the year, driven by policy benefits and market recovery [3] - The demand for mining machinery is expected to grow due to stable increases in global mineral resource development and ongoing equipment upgrades [4] Strategic Initiatives - The company is focusing on stabilizing prices and reducing costs through various measures, including procurement and production cost reductions [3] - A comprehensive product series for open-pit mining machinery is being developed, positioning the company as a leading competitor globally [3] - The company has established a complete industrial chain for new energy products, achieving an 18% penetration rate in the new energy sector [5] Market Expansion - The company has a global marketing network covering over 190 countries, with expectations for continued growth in overseas markets [4] - The export revenue is projected to maintain a positive growth trend, supported by improved product quality and competitive pricing [5] - The company has maintained a leading position in various machinery categories, including cranes and concrete machinery, with significant market shares [5] Shareholder Returns - The company emphasizes investor returns, with a commitment to distribute at least 40% of the annual distributable profits as cash dividends over the next three years (2025-2027) [7]

2025 年 04 月 21 日 徐工机械(000425.SZ) 拟注入重型车辆、增资徐工矿机，打造 矿山机械完整业务版图 事件一：徐工机械拟以 8.21 亿元收购南京徐工汽车制造有限公 司（简称"徐工南汽"）持有的徐州徐工重型车辆有限公司（简称 "重型车辆"）51%股权。交易完成后，重型车辆将成为公司控股 子公司，纳入合并报表范围；事件二：公司拟以 9.07 亿元收购徐 州徐工产业投资合伙企业持有的徐州徐工矿业机械有限公司（简 称"徐工矿机"）股权。交易完成后，公司由间接持股徐工矿机 100% 股权变为直接持有徐工矿机 100%股权，同时向徐工矿机增资 6.86 亿元。增资完成后，徐工矿机注册资本为 19 亿元。目前两大议案 均已被公司董事会审议通过。 补齐矿机业务版图，扩充相关设备产能。①重型车辆收购方面， 重型车辆成立于 2020 年，主营业务为非公路宽体自卸车（简称 "宽体车"）、洒水车等整车的研产销服，其中宽体车主要用于露 天矿料转运，系结合了公路重卡与工程机械技术系统设计而成， 属于中国特有的新兴产品，在成本、安全性、可靠性、售后服务 便捷及时性上具备综合优势。重型车辆此次收购并表，有利于公 司建 ...