Liugong Machinery reports mixed Q3 results, proposes governance changes

Guangxi Liugong Machinery reported an 11.52% increase in Q3 2025 operating revenue to 7,578,743,155.53 yuan, with year-to-date operating revenue up 12.71% to 25,759,782,744.55 yuan. Net profit attributable to shareholders decreased by 32.47% to 227,652,166.28 yuan for the quarter, but year-to-date increased by 10.37% to 1,457,592,243.25 yuan. The company also announced a cumulative impairment provision of 68.90094 million yuan for Q3 2025.

The board approved a 5.02 bn yuan investment in a technology upgrade project for its transmission components subsidiary, and organizational adjustments for Liugong New Energy Technology Co., Ltd. Additionally, the board approved the "2030 ESG Strategic Plan," aiming for sustainable development and integrating intelligent, green mechanical solutions.

In a major governance shift, the board decided to abolish the Supervisory Board, transferring its responsibilities to the Board's Audit Committee. This change necessitates revisions to the company's articles of association and various governance policies. These amendments and other proposals will be presented for approval at the Second Extraordinary General Meeting of Shareholders for 2025, scheduled for November 12, 2025, with an equity registration date of November 7, 2025.