SHANTUI(SZ:000680)2025-12-10 11:20Group 1: Company Overview - The main business revenue comes from the production and sales of bulldozers, excavators, loaders, road rollers, graders, pavers, milling machines, concrete machinery, and core components such as tracked chassis and transmission parts [2] - The primary production model is based on market forecasts and reasonable inventory, with dynamic production task arrangements [2] - The sales strategy includes a combination of agency distribution for main products and supporting sales for parts, along with diversified business models such as operational leasing [2] Group 2: Global Presence - The sales network spans over 160 countries and regions, with more than 150 overseas distributors and over 520 overseas sales outlets [3] - The company has established 13 overseas subsidiaries, including new ones in Indonesia, Australia, and Nigeria [3] Group 3: Stock Buyback Progress - As of November 30, 2025, the company has repurchased 11,910,472 shares, accounting for 0.79% of the total share capital, with a total transaction amount of ¥111,591,612.24 [4] - The highest and lowest transaction prices during the buyback were ¥10.20 and ¥8.64 per share, respectively [4] - The company plans to continue the buyback based on market conditions and will comply with relevant disclosure obligations [4] Group 4: On-site Visit - The on-site visit included a tour of the new product trial center and the excavator assembly workshop to understand the company's products and application scenarios [5]