The China Post Securities Research Report pointed out that Xugong Machinery's revenue has been growing steadily, and the majority shareholders have increased their holdings+repurchases and cancellations have shown confidence. Net profit to mother was 5.608 billion yuan in the first three quarters, a decrease of 6.18%; in Q3 alone, net profit to mother was 1,646 billion yuan, an increase of 1.66%. There was a slight increase in gross margin, and the period expense ratio was significantly affected by financial expenses. By actively improving profitability, gross margin is expected to gradually increase. The company actively enhances profitability through the “one stability, one reduction, four adjustments” system, that is, stabilizes product prices, reduces costs across multiple dimensions of procurement, R&D, and production, and simultaneously optimizes the four major structures of products, industries, markets, and customers. The company expects gross margin to continue growing year by year in 2026 and beyond. The majority shareholders increase holdings+repurchase and cancellation in parallel, attach importance to investors' interests and demonstrate the company's confidence. XCMG Group, the controlling shareholder of the company, plans to increase its shares by 1-2 billion yuan within six months from August 31, 2026 through methods permitted by the Shenzhen Stock Exchange trading system. At the same time, in order to protect the interests of investors, enhance investor confidence, and enhance the company's capital market image, the company plans to use its own funds to repurchase the company's shares through the secondary market, with a total repurchase capital of 300 to 600 million yuan. The company's 2026-2028 performance corresponding PE valuations were 12.05, 8.80, and 7.19, respectively, maintaining a “buy” rating.

Zhitongcaijing · 1d ago
The China Post Securities Research Report pointed out that Xugong Machinery's revenue has been growing steadily, and the majority shareholders have increased their holdings+repurchases and cancellations have shown confidence. Net profit to mother was 5.608 billion yuan in the first three quarters, a decrease of 6.18%; in Q3 alone, net profit to mother was 1,646 billion yuan, an increase of 1.66%. There was a slight increase in gross margin, and the period expense ratio was significantly affected by financial expenses. By actively improving profitability, gross margin is expected to gradually increase. The company actively enhances profitability through the “one stability, one reduction, four adjustments” system, that is, stabilizes product prices, reduces costs across multiple dimensions of procurement, R&D, and production, and simultaneously optimizes the four major structures of products, industries, markets, and customers. The company expects gross margin to continue growing year by year in 2026 and beyond. The majority shareholders increase holdings+repurchase and cancellation in parallel, attach importance to investors' interests and demonstrate the company's confidence. XCMG Group, the controlling shareholder of the company, plans to increase its shares by 1-2 billion yuan within six months from August 31, 2026 through methods permitted by the Shenzhen Stock Exchange trading system. At the same time, in order to protect the interests of investors, enhance investor confidence, and enhance the company's capital market image, the company plans to use its own funds to repurchase the company's shares through the secondary market, with a total repurchase capital of 300 to 600 million yuan. The company's 2026-2028 performance corresponding PE valuations were 12.05, 8.80, and 7.19, respectively, maintaining a “buy” rating.