SHANTUI(SZ:000680)2026-02-04 08:30Group 1: Product Development and Innovation - The company has successfully launched several new products since 2025, including large-tonnage and compact dual-power models such as SD60-C6 and L98K, with positive market promotion for skid steer loaders [2] - The transition to renewable energy is accelerating, with the introduction of hybrid models like DEH1000 bulldozer and LEH120 loader [2] Group 2: International Business Expansion - The company is focusing on brand building, technology upgrades, management optimization, and talent cultivation as core directions for its international strategy in 2025 [2] - The establishment of overseas subsidiaries has reached a total of 13, with new facilities in Indonesia and Peru [3] - The company is enhancing its market presence by increasing overseas resource investment and developing products tailored to local markets, thereby strengthening its competitive edge [3] Group 3: Stock Buyback Progress - As of January 31, 2026, 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 yuan [3] - The highest and lowest repurchase prices were 10.20 yuan and 8.64 yuan per share, respectively [3] - The company plans to continue the buyback program based on market conditions and will comply with relevant disclosure obligations [3] Group 4: On-site Visit - The on-site visit included a tour of the company showroom and main assembly workshop to understand product applications and scenarios [3]