证券代码：000528 证券简称：柳 工 公告编号： 2025-88 债券代码：127084 债券简称：柳工转2 广西柳工机械股份有限公司 关于控股子公司不再纳入合并报表范围暨被动形成 对外财务资助的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 重要内容提示： 1．广西柳工机械股份有限公司（以下简称"公司"或"柳工"）控股子公司湖北 江汉建筑工程机械有限公司（以下简称"江汉建机"）及其全体股东拟签订《关于湖 北江汉建筑工程机械有限公司股权结构调整及相关安排之协议》（以下简称"《股权 结构调整协议》"），公司基于江汉建机的经营管理情况以及相关协议约定，不再支 付对江汉建机的部分溢价投资款并通过资本公积转增股本的方式相应调整公司在江汉 建机的持股比例；同时，江汉建机现有股东湖北卓而群企业管理咨询中心（有限合伙） （以下简称"卓而群"）、湖北同传共济企业管理咨询中心（有限合伙）（以下简称 "同传共济"）、湖北知而行企业管理咨询中心（有限合伙）（以下简称"知而行"） 以现金认购江汉建机合计新增注册资本人民币 999.6192 万元，公司放弃优先认购权 （以下简 ...

证券代码：000528 证券简称：柳 工 公告编号：2025-89 债券代码：127084 债券简称：柳工转2 广西柳工机械股份有限公司 关于修订《公司章程》的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 本次修订《公司章程》尚需提交公司 2025 年第三次临时股东会审议，并须经出席 股东会的股东所持有的有效表决权的 2/3 以上表决通过。 | 原条款 | 修订条款 | | --- | --- | | 第十三条 公司的经营宗旨是：利用社 | 第十三条 公司的经营宗旨是：利用社会资金 | | 会资金发展生产，充分发挥已有的经济、 | 发展生产，充分发挥已有的经济、技术优势，开 | | 技术优势，开拓国内、国际市场，多元化、 | 拓国内、国际市场，多元化、全方位发展，为全 | | 全方位发展，为社会提供适销对路的工程 | 球客户提供领先的装备与技术解决方案，使全体 | | 机械产品和其他服务，使全体股东获得满 | 股东获得满意的投资回报。 | | 意的投资回报。 | | | 第三十二条 公司党委根据《中国共产 | 第三十二条 公司党委根据《中国共产党章 | ...

关于召开 2025 年第三次临时股东会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、召开会议的基本情况 1、股东会届次：公司 2025 年第三次临时股东会。 证券代码：000528 证券简称：柳 工 公告编号： 2025-90 债券代码：127084 债券简称：柳工转2 广西柳工机械股份有限公司 2、股东会的召集人：公司董事会。2025年11月27日，公司第十届董事会第六次 （临时）会议审议通过《关于公司召开2025年第三次临时股东会的议案》。 3、会议召开的合法、合规性：本次会议的召集、召开符合《中华人民共和国公司 法》《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第1 号——主板上市公司规范运作》等法律、行政法规、部门规章、规范性文件及《公司 章程》的有关规定。 4、会议召开的日期、时间： （1）现场会议时间：2025 年 12 月 16 日 14:15； （2）网络投票时间：2025 年 12 月 16 日。 通过深圳证券交易所互联网投票系统投票的时间：2025 年 12 月 16 日 9:15~15:00。 通过深圳证 ...

表决结果：同意 5 票，反对 0 票，弃权 0 票。 一、《公司关于子公司不再纳入合并报表范围被动形成财务资助的议案》 审计委员会认为：经认真审阅议案及相关材料，听取公司管理层汇报后，认为公司 本次被动形成财务资助事项是对原控股子公司日常经营借款的延续，江汉建机及部分管 理层股东已为该笔借款提供土地、房产、股权等资产抵押、质押的足额担保，不会对公 司的正常经营和业务发展造成不良影响，符合公司利益和全体股东利益。因此，我们同 意将该议案提交公司董事会审议。公司董事会在审议该议案时需依据《深圳证券交易所 股票上市规则》和《公司章程》的规定，不应出现损害公司、股东尤其是中小股东利益 的情形。关联董事应回避表决。 广西柳工机械股份有限公司（简称"公司"）第十届董事会审计委员会第四次会议 通知于 2025 年 11 月 23 日通过邮件方式送达各位委员，11 月 24 日在公司总部大楼 6E 会议室如期召开，会议应到委员 5 人，实到委员 5 人，本次会议的召开符合《公司法》 《深圳证券交易所股票上市规则》及《公司章程》的相关规定，全体审计委员会成员对 拟提交公司第十届董事会第六次（临时）会议的相关议案进行审议并发表如 ...

广西柳工机械股份有限公司 第十届董事会第六次（临时）会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 广西柳工机械股份有限公司（以下简称"公司"）董事会于 2025 年 11 月 23 日以 电子邮件方式发出召开第十届董事会第六次（临时）会议的通知，会议于 2025 年 11 月 27 日以通讯表决的方式召开。会议应到会董事 11 人，实到会董事 11 人。会议由董事长 郑津先生主持。本次会议通知及召开符合有关法律、法规、规章及《公司章程》的规定， 合法有效。经会议审议，作出了如下决议： 一、审议通过《公司关于子公司不再纳入合并报表范围的议案》 同意因公司控股子公司湖北江汉建筑工程机械有限公司（简称"江汉建机"）股权 结构调整事项而不再纳入公司合并报表范围。 该议案已经公司董事会审计委员会审议通过。 关联董事黄旭先生回避表决。 证券代码：000528 证券简称：柳 工 公告编号：2025-87 债券代码：127084 债券简称：柳工转2 二、审议通过《公司关于子公司不再纳入合并报表范围被动形成财务资助的议案》 1．同意因公司控股子公司江汉建机股权结 ...

Core Insights - The article highlights the significant advancements in electric construction machinery by Guangxi Liugong Machinery Co., Ltd. (Liugong), showcasing its innovative electric products and energy supply solutions [2][4]. Group 1: Electric Product Innovations - Liugong has launched over 100 electric products, establishing a comprehensive electric product matrix [2]. - The company introduced three main energy supply paths for electric products: mobile power supply, rapid battery swapping, and external power sources, aimed at achieving quick and flexible energy replenishment [2]. - An African customer noted that the operating costs of electric products are nearly 70% lower compared to traditional fuel products, indicating strong interest in procurement [2]. Group 2: International Market Performance - Liugong's overseas performance reached a historical high in the first three quarters of the year, with electric products being particularly well-received in international markets [4]. - The Chinese construction machinery industry is increasingly focusing on overseas markets as a key growth direction, with electric machinery aligning well with the trends in Europe and the U.S. [4]. - Data from the China Construction Machinery Industry Association shows that from January to September 2025, China sold 174,039 excavators, marking an 18.1% year-on-year increase, with exports accounting for 48.4% of total sales [4]. Group 3: Industry Trends and Collaborations - The article discusses the competitive landscape of the construction machinery industry, emphasizing the shift from price competition to innovation capability as a means to drive growth [4]. - Leading companies in the industry are collaborating to enhance their international presence and are focusing on digital transformation to reshape industry value [4]. - The article mentions that major players like SANY Heavy Industry have developed over 100 electric products and invested heavily in smart excavators and unmanned technologies [4].

Group 1 - The core viewpoint of the article highlights the significant advancements in electric construction machinery by LiuGong, showcasing its appeal to international customers and the potential for cost savings in operations [1][3][5] - LiuGong introduced a comprehensive electric product charging solution, which includes three main charging paths: mobile power supply, rapid battery swapping, and external power sources, aimed at enhancing energy supply flexibility [3][5] - The company has launched over 100 electric products, establishing a complete electric product matrix, and is advancing automation and artificial intelligence in its operations, including regular operations of unmanned electric loaders [3][5] Group 2 - LiuGong's overseas performance reached a historical high in the first three quarters of the year, with electric products being particularly popular in international markets, contributing to sustained growth in overseas business [5] - The Chinese construction machinery industry is facing intense competition, with overseas markets seen as a crucial avenue for growth. The industry has established advantages in the electric product supply chain, aligning with the accelerating trend of electrification in Western markets [5][6] - Data from the China Construction Machinery Industry Association indicates that from January to September 2025, China sold 174,039 excavators, marking an 18.1% year-on-year increase, with exports accounting for 48.4% of total sales [6]

Core Insights - The event showcased the launch of innovative electric and autonomous machinery, emphasizing environmental sustainability and efficiency [1][3] - LiuGong is transitioning from a product-centric approach to a customer and application-centric model, aiming for comprehensive solutions over the next five years [3] - LiuGong has introduced a new energy replenishment solution for electric products, focusing on mobile power supply, quick battery swapping, and external power sources [3][5] Group 1 - LiuGong's global dealer conference and customer festival featured over 220 pieces of equipment across more than 30 product lines, highlighting the company's technological advancements and global strategy [3] - The company has launched over 100 electric products, establishing a comprehensive electrification matrix that includes various technological paths such as pure electric, battery swapping, hybrid, and dual power [5] - LiuGong's advancements in automation include regular operations of autonomous electric loaders and significant commercial results from unmanned compactor fleets [5] Group 2 - LiuGong's chairman, Zheng Jin, noted the company's evolution from single product manufacturing to a full range of products and solutions over 67 years [3] - The company aims to achieve a systematic upgrade through digital intelligence technology, enhancing its operational capabilities [3] - LiuGong's new mining equipment includes the 9200F excavator, DW165CE electric mining truck, and 4380D grader, expanding its mining product family [3]

Group 1: Investor Relations Activities - The investor relations activities included specific object research, analyst meetings, media interviews, performance briefings, press conferences, roadshows, site visits, and others, with 60 participants from various investment institutions and securities analysts [2] - The event took place from November 25 to November 26, 2025, at the Liugong International Industrial Park, showcasing the company's commitment to transparency and engagement with stakeholders [2] Group 2: Global Customer Festival Highlights - The "11·26 Global Customer Festival" in 2025 was the largest and most successful in Liugong's history, featuring a comprehensive exhibition of products across eight major scenarios, including mining, agriculture, and energy [3] - Approximately 2,000 attendees participated, including 1,200 overseas dealers, marking a record high for the event [3] - The introduction of the 9200F, a 200-ton super-large mining excavator, signifies a new development stage for Liugong's excavator and mining business [3] Group 3: Market Outlook for 2026 - The domestic earthmoving machinery market is expected to continue its growth cycle, with core products like loaders and excavators projected to achieve double-digit growth [4] - Internationally, a cautious optimism prevails, with global demand anticipated to recover in single digits, particularly in Africa, Asia, and the Middle East, while growth in Europe and North America is expected to be modest [4] Group 4: Strategic Planning and Financial Goals - Liugong aims to achieve a revenue of no less than 60 billion yuan by 2030, with international revenue accounting for at least 60% and a sales profit margin of no less than 8% [7] - The company projects a compound annual growth rate of 12% for revenue and 25% for profit, with a focus on becoming one of the top ten global construction machinery companies [7] Group 5: Capital Expenditure and Market Strategy - The company is considering a potential listing in Hong Kong to broaden financing channels and enhance its international brand image, aligning with its global strategy [8] - Future capital operations will focus on upgrading manufacturing capabilities and exploring high-quality capital projects to support long-term strategic goals [8] Group 6: Mining Machinery Development - Liugong has established deep business collaborations with major domestic mining groups, leading to record-high order amounts from overseas mining clients [9] - The mining machinery business will focus on five core innovations: green energy, service capability, comprehensive product offerings, new marketing models, and strong international market development [9] Group 7: Pricing Competition and Marketing Strategy - The domestic pricing competition for electric loaders has improved since August, with some brands exiting the market, leading to more stable pricing [10] - Liugong emphasizes high-quality development and sustainable operations, avoiding irrational competition and focusing on product quality and profitability [11] Group 8: Accounts Receivable Management - The increase in sales and revenue has led to a rise in accounts receivable, primarily due to stable overseas revenue and longer payment terms from major domestic clients [13] - The company maintains a good turnover rate and asset quality, with a comprehensive system for managing overdue accounts and risks [13]

Core Viewpoint - The article highlights the successful hosting of the 2025 Liugong Global Dealer Conference and the 11.26 Global Customer Festival, showcasing Liugong's advancements in technology and global strategy in the machinery industry [1][2]. Group 1: Strategic Vision - Liugong has transitioned from a single product manufacturer to a comprehensive solution provider over its 67 years of development, emphasizing high-quality global growth [3][5]. - The company aims to pursue high-quality development across customers, products, technology, and solutions, shifting from a machine-centric approach to a customer and application-centric model [5]. Group 2: Technological Empowerment - Liugong launched an electric product energy replenishment solution, introducing three energy supply paths: mobile power supply, rapid battery swapping, and external power sources [8]. - The company unveiled new mining equipment, including the 9200F excavator and DW165CE electric mining truck, expanding its product lineup [12]. - The event featured over 220 pieces of equipment across eight industry solutions, demonstrating Liugong's strength and service capabilities [13]. Group 3: Collaborative Growth - The T-series loader challenge showcased the efficiency advantages of Liugong's new generation loaders, receiving positive feedback from participants [21]. - Attendees experienced Liugong's intelligent manufacturing through factory tours and product test drives, highlighting the company's innovative capabilities [23][25]. - The event served as a platform for global partners to discuss trends and deepen cooperation in the machinery industry [26][28].