Group 1 - The company Linzhou Heavy Machinery announced an earnings forecast on January 29, expecting a net profit attributable to shareholders of 8.5 million to 12 million yuan for 2025, representing a decline of 91.08% to 87.41% compared to the same period last year [1] - The primary reasons for this significant change in performance include a decrease in downstream customer demand due to the impact of the coal market, leading to a reduction in the company's production [1] - Additionally, the proportion of high-end product orders has decreased, resulting in a decline in gross profit margin [1] Group 2 - The news also highlights a crisis involving the "Jie Wo Rui" platform under Shuibei Gold, where a 40-fold leverage bet has led to losses as gold prices rise, causing investor dissatisfaction with a proposed repayment plan that offers only 20% of the principal [1]

Core Viewpoint - Linzhou Heavy Machinery has announced an annual performance forecast indicating a significant decline in net profit for 2025, primarily due to reduced demand from downstream customers in the coal market and a decrease in the proportion of high-end product orders, leading to a drop in gross margin [1] Group 1: Financial Performance - The company expects a net profit attributable to shareholders of 8.5 million to 12 million yuan for 2025, representing a year-on-year decrease of 87.41% to 91.08% [1] - The forecasted net profit excluding non-recurring gains and losses is projected to be between -35 million and -27 million yuan for 2025 [1] Group 2: Market Impact - The decline in performance is attributed to a decrease in production volume due to reduced demand from customers in the coal market [1] - The company has experienced a reduction in the proportion of high-end product orders, which has negatively impacted its gross margin [1]

证券代码：002535 证券简称：林州重机 公告编号：2026-0002 林州重机集团股份有限公司 2025 年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日 2、业绩预告情况：预计净利润为正值且属于同向下降 50%以上 情形 （1）以区间数进行业绩预告的 单位：万元 | 项 | 目 | | 本报告期 | | | 上年同期 | | --- | --- | --- | --- | --- | --- | --- | | 归属于上市公司 股东的净利润 | | | 850 | ～ | 1,200 | 9,534.40 | | | | 比上年同期下降 | 91.08% | ～ | 87.41% | | | 扣除非经常性损 益后的净利润 | | | -3,500 | ～ | -2,700 | 5,453.19 | | 基 本 每 收 益 （元/股） | 股 | | 0.0106 | ～ | 0.0150 | 0.1189 | 二、与会计师事务所沟通情况 ...

Core Insights - The coal mining machinery industry in China is characterized by a diverse range of listed companies involved in various segments of the industry chain, including raw materials, manufacturing, and application in coal and related sectors [1][2][4]. Industry Overview - The coal mining machinery industry includes upstream raw materials and components, midstream manufacturing of coal mining equipment such as tunneling machines and hydraulic supports, and downstream applications primarily in the coal industry, which further serves sectors like thermal power, steel, chemicals, and construction [1]. Listed Companies Summary - Key listed companies in the coal mining machinery sector include: - **Tiandi Technology (天地科技)**: A leader in the coal equipment industry with a focus on research and manufacturing [3]. - **Zhongchuang Zhiling (中创智领)**: A global giant in comprehensive coal mining equipment with a leading market share in hydraulic supports [3]. - **SANY International (三一国际)**: A supplier of mining and logistics equipment with rapid growth in overseas markets [3]. - **Linzhou Heavy Machinery (林州重机)**: An energy equipment service provider specializing in coal mining machinery and military equipment [3]. Revenue and Business Layout - The revenue for major companies in the coal mining machinery sector for 2024 includes: - **Tiandi Technology**: 30.53 billion CNY [6]. - **Zhongchuang Zhiling**: 37.05 billion CNY [6]. - **SANY International**: 21.91 billion CNY [6]. - **Linzhou Heavy Machinery**: 1.68 billion CNY [6]. - Companies exhibit varying degrees of focus on coal mining machinery, with SANY International and Chuangli Group having over 85% of their revenue from this sector, while Tiandi Technology and Zhongchuang Zhiling derive about 51% of their revenue from coal machinery, indicating a more diversified business layout [8][10]. Market Distribution - SANY International has a significant international sales ratio of 67.16%, while Zhongchuang Zhiling has 32.41% from overseas markets, contrasting with other companies that primarily focus on domestic markets with over 92% of their sales [8][10]. Business Performance - The coal mining machinery industry shows strong market demand, with most companies reporting a sales-to-production ratio exceeding 90%, indicating a healthy match between supply and demand [11]. - Notable performance metrics include: - **Tiandi Technology**: Revenue of 13.87 billion CNY with a gross margin of 30.54% [12]. - **Zhongchuang Zhiling**: Revenue of 19.00 billion CNY with a gross margin of 23.99% [12]. - **SANY International**: Revenue of 21.14 billion CNY with a gross margin of 22.43% [12]. Future Development Plans - Companies are focusing on smart mining solutions and green technologies, with plans to enhance their product offerings and expand into international markets. Key initiatives include: - **Tiandi Technology**: Emphasizing the development of intelligent mining systems and AI applications [14]. - **Zhongchuang Zhiling**: Enhancing smart mining control systems and expanding global market share [14]. - **SANY International**: Focusing on the deployment of unmanned mining vehicles and upgrading intelligent excavation equipment [14].

Core Viewpoint - The resignation of Zhao Zhengbin, a director and vice president of Linzhou Heavy Machinery Group Co., Ltd., is announced due to personal age reasons, and it is stated that this will not adversely affect the company's operations [1][2]. Group 1 - Zhao Zhengbin submitted a written resignation report and will no longer hold any position in the company after his resignation [1]. - His resignation is effective immediately upon delivery to the board of directors, in accordance with relevant regulations [1]. - The company expresses gratitude for Zhao Zhengbin's contributions in strategic planning, capital operations, governance, and information disclosure during his tenure [2].

Core Viewpoint - The company announced the resignation of Zhao Zhengbin, a director and deputy general manager, due to personal age reasons, effective immediately upon delivery of the resignation report to the board [1] Group 1 - Zhao Zhengbin will no longer hold any positions within the company following his resignation [1]

证券代码：002535 证券简称：林州重机 公告编号：2026-0001 关于公司董事、高级管理人员辞职的公告 林州重机集团股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 董事会 林州重机集团股份有限公司（以下简称"公司"）董事会近日 收到公司董事、副总经理赵正斌先生提交的书面辞职报告。赵正斌 先生因个人年龄原因，申请辞去公司董事、董事会战略委员会委员、 副总经理职务，其原定任期为公司第六届董事会届满为止。辞职后， 赵正斌先生不再担任公司任何职务。 二〇二六年一月六日 截至本公告披露日，赵正斌先生未持有公司股份，亦不存在应 当履行而未履行的承诺事项。根据《公司法》、《深圳证券交易所 上市公司自律监管指引 1 号—主板上市公司规范运作》及《公司章 程》等有关规定，赵正斌先生的辞职报告自送达公司董事会之日起 生效。赵正斌先生辞职后不会对公司的生产经营活动产生重大不利 影响。 赵正斌先生自任职以来，恪尽职守、勤勉尽责，在公司战略规 划、资本运作、规范治理、信息披露等方面做出了积极重要的贡献， 公司及公司董事会对赵正斌先生为公司所做的贡献表示衷心感谢！ ...

Group 1 - Linzhou Heavy Machinery announced the resignation of Mr. Zhao Zhengbin from his positions as director, member of the board's strategic committee, and vice general manager due to personal age reasons [1] - Mr. Zhao's term was originally set to last until the end of the company's sixth board term, and after his resignation, he will no longer hold any position within the company [1] Group 2 - The i-Moutai App saw a surge in popularity, reaching the top of the Apple shopping chart, with 100,000 users placing orders for the product [1] - The product, priced at 1499 yuan, sold out quickly, with 1000 boxes being sold in a short period due to promotional efforts by distributors [1]

Core Insights - The coal mining machinery industry is experiencing a shift towards intelligent, green, and globalized operations, with major investments from leading companies and energy groups focusing on high-end equipment projects and technological collaborations [11]. Industry Overview - The coal mining machinery industry consists of three main segments: upstream (raw materials and components), midstream (manufacturing of coal mining equipment), and downstream (coal industry applications) [2][4]. - Upstream suppliers include companies like Benxi Steel and Hengli Hydraulic, while midstream manufacturers include Zhengzhou Coal Mining Machinery and SANY Heavy Industry [4][5]. - The downstream sector primarily consists of coal enterprises such as China Coal Energy and Datang Power [4][5]. Regional Distribution - Jiangsu Province is identified as the primary hub for coal mining machinery companies, with significant activity also in Shandong, Shaanxi, and Shanxi provinces [6]. - The coal mining machinery industry is well-established in Liaoning, Shanxi, and Beijing, covering all segments of the supply chain [9]. Investment Trends - Recent investments in the coal mining machinery sector focus on smart technology, green initiatives, and international expansion [11]. - Notable investments include: - In 2023, Shanxi Coal Machinery invested 2.1 billion yuan in a smart high-end coal machinery project, expected to generate an annual output value of 3 billion yuan [13]. - In 2023, Shaanxi Coal Group acquired Xuzhou Coal Mining Machinery for 1.8 billion yuan, increasing its market share in intelligent conveyor systems from 16% to 27% [13]. - In 2025, XCMG launched the world's first unmanned electric mining truck, aiming for zero-carbon operations [13].

Group 1 - The core point of the announcement is that the controlling shareholder, Mr. Guo Xiansheng, has completed the procedure for releasing part of his pledged shares [1] - As of the date of the announcement, the total pledged shares by the controlling shareholder and their concerted parties are detailed, indicating the current status of share pledges [1] - The company confirms that there is no risk of forced liquidation of the pledged shares at this time and will continue to monitor the pledge situation and related risks [1]