Core Viewpoint - Shantui Construction Machinery Co., Ltd. is focusing on leveraging its core industry chain advantages and AI technology to enhance its growth strategy and product offerings, aiming for a significant market share increase and global expansion [2][4]. Group 1: Growth Strategy - The company plans to enhance its product matrix to increase market share while leading with an AI strategy to deepen its smart construction business [2] - Shantui aims to solidify its leading position in global markets by expanding its overseas network and creating a business loop around the entire lifecycle of construction machinery [2] Group 2: New Product Development - Shantui announced the global launch of the first AI smart bulldozer on June 18, 2025, marking a significant advancement in smart construction equipment [3] - The company also delivered the world's first AI pure electric unmanned bulldozer on September 2, continuing to lead in technological innovation [3] - New product development is driven by market demand, quality, and smart technology, focusing on providing low-carbon and economical construction solutions [3] Group 3: Project Progress - In the first half of 2025, Shantui's equipment has been involved in major domestic and international engineering projects, leveraging its comprehensive advantages [4] - Domestically, equipment has been used in various projects including open-pit coal mining in Xinjiang and Inner Mongolia, as well as green projects like photovoltaic desertification control [4] - Internationally, Shantui's equipment has supported projects in Burkina Faso, Kyrgyzstan, Morocco, and Indonesia, reinforcing its competitive advantages [4] - The company emphasizes that its competitive position has continued to strengthen without significant changes during the reporting period [4]

2025年秋，全球装备制造业的目光聚集在了中国青岛。10月18日，山东重工·潍柴动力全球合作伙伴大 会在青岛红岛国际会展中心盛大启幕，本次大会汇聚全球140个国家近2500名合作伙伴，展出产品近300 件，展览面积达3万平方米，创下规模之最。在全球装备制造业面临深刻变革的2025年，山东重工集团 交出了一份引人注目的成绩单：1-9月实现营业收入近4400亿元，同比增长超过9%，其中海外业务收入 占比高达60%。这一数字背后，是这家中国装备巨头全球化战略的深度演进。 多元业务协同出海的新格局 山东重工的全球化已超越传统贸易阶段，形成了多元业务协同出海的新格局。集团总经理王志坚指出， 60%的海外业务收入中，30%来自凯傲、法拉帝等欧美海外产业，另外30%源于本土产品在海外本地化 的制造和销售。这种双轮驱动的模式，使集团在应对局部市场波动时具备更强的抗风险能力。 来自菲律宾的合作伙伴黄文溪印证了深耕本地化战略的有效性，其公司从2012年200台订单发展到2025 年预计6000台，正是基于与山东重工共同开发适合本地产品的合作模式。 自主科技创新塑造全球竞争力 自主科技创新是山东重工全球竞争力的基石。据介绍，山东重 ...

投资者关系活动 类别 【请在您选择的方式的"（ ）"中打"√"，下同】 （ √）特定对象调研 （ ）分析师会议 （ ）媒体采访 （ ）业绩说明会 （ ）新闻发布会 （ ）路演活动 （ √）现场参观 （ ）其他 （请文字说明其他活动内容） 参与单位名称及 人员姓名 景顺长城基金：曹雅倩 国投瑞银基金：朴虹睿 宝盈基金：侯嘉敏 时间 2025 年 9 月 11 日 地点 山推股份办公楼 201 会议室 上市公司接待 人员姓名 袁青、肖尧、董建军 投资者关系活动 主要内容介绍 一、互动交流 1、2025 年公司对整体行业展望： 2025 年以来工程机械行业需求增长受国内专项债发行提速、 雅江项目开工、新藏铁路、大规模设备更新政策带动及二手挖机出 口加速等多重因素带动，中国工程机械行业的发展环境将稳步向 好。此外，工程机械出口需求稳步增加，其中新兴市场受益"一带 一路"市场拓展需求景气有望持续；欧美市场需求因关税政策可能 降幅或收窄，但我国工程机械出口欧美市场占比较低，受此影响有 限，主机厂出海体量潜在提升空间仍较大。总体看，预计 2025 年 全年工程机械行业将继续呈现平稳运行、稳中有进的发展态势。 2、公司销售模 ...

Group 1 - Shandong Heavy Industry Group has launched the first AI smart bulldozer in the engineering machinery industry, aiming to fully apply core AI functions within three years and create a collaborative ecosystem of "AI smart assistants + construction machinery groups" [2] - In the first half of the year, Shandong Heavy Industry Group achieved a profit of 14.97 billion yuan, a year-on-year increase of 6.9%, leading the equipment manufacturing industry and ranking first among Shandong state-owned enterprises [2] - Shandong's GDP surpassed 5 trillion yuan in the first half of the year, with a year-on-year growth of 5.6%, which is 0.3 percentage points higher than the national average, reflecting the continuous enhancement of reform vitality [3] Group 2 - The province has launched 144 new energy storage power stations that delivered a maximum discharge power of 8.0359 million kilowatts, setting a new record for provincial power grids in China [3] - Shandong's government has emphasized the importance of improving the new energy consumption and regulation mechanism, detailing an action plan with eight major actions to address the challenges of new energy consumption [3] - The establishment of a new private school in Dezhou benefited from a "credit + deficiency" approval model, allowing it to obtain a license despite some incomplete facilities, showcasing the effectiveness of reform in the education sector [3][4] Group 3 - Shandong has implemented a series of reforms to optimize the business environment, which is crucial for boosting social confidence and market vitality, contributing to the province's successful achievement of its economic targets [4] - The province has introduced 100 scenarios for "efficiently completing one task" and launched platforms such as "Lu Law Enforcement" and "Lu Enterprise Assistance" to enhance regulatory efficiency and support market entities [4] - The establishment of a new durian processing factory in Qingdao is leveraging the policy benefits of the Shandong Free Trade Zone, aiming to deliver fresh tropical products nationwide [4] Group 4 - Shandong's technology market has seen significant activity, with 1,327 technology achievements transacted, amounting to over 1.3 billion yuan, indicating a robust performance in technology innovation [5] - The reform and innovation initiatives are expected to unlock broader avenues for high-quality development in Shandong, enhancing the effectiveness of the technology innovation system [5]