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研报掘金丨浙商证券:徐工机械发布投资者三年回报计划,维持“买入”评级

Research reports on gold digging | Zheshang Securities: XCMG Construction Machinery has released a three-year return plan for investors, maintaining a "buy" rating.

Gelonghui Finance ·  Dec 2 15:32  · Ratings

Gelonghui, on December 2, reported that zheshang's research reports indicated that xcmg construction machinery (000425.SZ) has officially released a return plan for global investors for the next three years (2025-2027): the company's total cash dividend each year (including share buybacks and cancellations) will not be less than 40% of the available profit for distribution for that year; it is committed that in the next three years, an average of no less than 20% of the cash dividends received from the listed company will be used for shareholding in xcmg construction machinery stocks. In addition, the company has signed nearly 10 billion yuan of intended orders at the Bauma Exhibition; and signed the largest order for 3 billion yuan for electric mining machinery exports. Currently, the company has formed a complete set of construction solutions covering all processes including "drilling, excavation, transportation, breaking, leveling, pushing, and spraying" for large open-pit mines. Open-pit mining machinery has been exported to markets in Africa, Europe, and South America, continuously expanding its global footprint, becoming a mainstream supplier of high-end mining machinery globally. Maintained a "buy" rating.

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