Liugong Machinery repurchases 1.77% stake for 400m yuan

Guangxi Liugong Machinery has repurchased 35.9 million shares for 400 million yuan, representing 1.77% of its total share capital, as part of its second-phase buyback program initiated in December 2024.

Concurrently, China Chengxin International Credit Rating has affirmed the company's AAA credit rating with a stable outlook for 2025, reflecting strong market position and robust financial performance despite high accounts receivable and inventory challenges.