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Shantui Construction Machinery Chairman Steps Down; Successor Named
The General Manager of Shantui Construction Machinery (000680.SZ) has been changed to Zhang Min.
Shantui Construction Machinery (000680.SZ) announced that the company's Board of Directors recently received the resignation letter submitted by Mr. Liu Huisheng...
Shantui Construction Machinery (000680.SZ): Elected Li Shizhen as Director, and appointed Zhang Min as General Manager.
Gelonghui December 18th丨Shantui Construction Machinery (000680.SZ) announced that at the thirteenth meeting of the eleventh Board of Directors held on December 17, 2024, Mr. Li Shizhen was elected as the chairman of the company, and was re-elected as the convener of the company's Global Strategy Committee, and as a member of the Nomination Committee and the Remuneration and Assessment Committee, with a term starting from the date of this Board's review until the end of the eleventh Board's term. After Mr. Li Shizhen takes the chairmanship of the company, he will no longer serve as the general manager. Given that Mr. Li Shizhen will not serve as the general manager after taking over the chairmanship, the company's eleventh Board of Directors...
Shantui Construction Machinery Finalizes 1.8 Billion Yuan Acquisition
Sinolink: From "small iron factories in county towns" to a construction machinery giant, the Komatsu model may be replicated in the domestic construction machinery industry.
Currently, domestically produced construction machinery has achieved domestic substitution in the main engine market, but the emphasis on the after-sales market is not enough. Strengthening after-sales markets such as maintenance and repair, and spare parts is key to enhancing revenue stability and sustainability.
Huafu Securities: Domestic demand continues to recover, cme predicts a 13% increase in excavator sales in November.
According to construction machinery magazine statistics, cme estimates that the sales of excavators (including exports) in November 2024 will be around 16,900 units, an increase of around 13% year-on-year. In the long term, domestic demand improvement and continued overseas expansion are the industry's main growth drivers.
Shantui Construction Machinery (SZSE:000680) Sheds 7.9% This Week, as Yearly Returns Fall More in Line With Earnings Growth
