18 November 1993，With the opening bell of Shenzhen Stock Exchange ringing.，Liugong shares were officially listed on the Shenzhen Stock Exchange.，On that day, the turnover reached 3..200 million yuan。Thirty years later，In the 16th China（Beijing）International Construction Machinery、Building Materials Machinery and Mining Machinery Exhibition，To celebrate the historic moment of the 30th anniversary of Liugong's listing，Liugong invites more than 20 investors.，Just“Future Development Strategy of Liugong”And other topics of concern to investors for in-depth exchanges.。

Every present is engraved with the shadow of history.，Every piece of history hides what the future looks like.，This year is the 30th anniversary of Liugong's listing.，It is also an important milestone in the development of Liugong.。Thirty years of agitation，Liugong has grown from a new atmosphere in the stock market to a complete product line of construction machinery in China.、Strong R & D strength、One of the highly internationalized enterprises，With brilliant revenue performance and excellent financial data，Write a rock-solid performance，Investing in strategic shareholders、The vast number of customers、Relevant parties such as distributors and suppliers have handed in beautiful answers.。

Looking back on the 30 years of Liugong's listing，Every footprint has witnessed the struggle and struggle.，Every step is sonorous and forceful。

01
From“Engineer Gui and Liu”To“Engineer Liu”：Inject capital into innovation and development

1993，On the occasion of the 35th anniversary of the founding of Liugong，A change is taking place.：Guangxi Liugong Machinery Co., Ltd. was established。This is Engineer Liu's deepening reform.、A vivid portrayal of the transformation of management mechanism，It is also a brand new page in the development history of Liugong.。A few days later，Liugong shares officially listed，“Engineer Gui and Liu”Become the construction machinery industry and listed in Guangxi“The first strand”。

Same day，The drizzle is continuous，The cold wind is biting，The stock trading hall of Liuzhou Business Department of Guangxi Securities Company, which is connected to Shenzhen Stock Exchange, is steaming hot.，There was a hubbub of voices。Liuzhou shareholders、There are also many stock investors from other places who line up in the stock trading hall.，They rushed to buy Liugong shares.。

Since the listing，Liugong has carried out large-scale technological transformation and technological innovation through the funds raised.，The level of construction machinery manufacturing and product technology has leaped to a new level.，Established Liugong's solid position in the industry.。“Is the capital market for‘Engineer Gui and Liu’The development has injected a strong impetus.。”Wang Xiaohua, then chairman of Liugong, said.，In 2004, Liugong sold more than 16000 for all kinds of construction machinery.，Domestic market share of loaders、Sales revenue、Per capita labor productivity、Profitability ranks first in the industry.。

2006，Abbreviation of Liugong Stock“Engineer Gui and Liu”Change to“Engineer Liu”。The change of stock name reflects that Liugong constantly stimulates endogenous power.，Embrace the process of marketization。At that time，Split Share Structure Reform of State-controlled Listed Companies in China，The capitalist market in China was first put forward.“Market value management”A new concept，It opens the door of market value management of listed companies in China.。Engineer Liu, too, hurry and raise your whip.，March 2006，The share-trading reform plan for the state-owned legal person shares of Liugong Group shall be adopted after deliberation at the shareholders' general meeting.“Engineer Liu”A listing，At this point，Liugong's market value management starts。Pass the split share structure reform，It deepens the public shareholders' recognition of Liugong's brand image and investment value.，So as to promote the market value of Liugong.。After that，Liugong's market value management is fast and steady.，Introduction of the first market value management plan，Define the market value management strategy，Building an International Board of Directors，Standardize information disclosure，Create outstanding value for shareholders，Eat the market with excellent performance“Reassurance pill”。

02
From“Engineer Liu”To“New Liugong”：“Time-honored brand”Be revitalized
 

March 4, 2022，The new shares of Liugong were officially issued.，Complete the overall listing work，It marks the end of Liugong's mixed ownership reform project.，Created the SASAC of the State Council“Double Hundred Enterprises”The fastest record from the implementation of mixed reform to the overall listing。

Good game today，It comes from the courage to clear the way for dangerous shoals.，More from the blade inward.、An innovative reform。There is no mature case for reference.，The road of upholding integrity and innovation that can only be explored from top to bottom。2013-2015，The domestic construction machinery market has entered a low ebb，Engineer Liu is also experiencing a darkest hour.，The asset-liability ratio is high、Unreasonable ownership structure、Poor financial structure、Problems such as talent and incentive mechanism rigidity seriously restrict the development of enterprises.，A reform is imminent.。After 2015，A new round of deepening the reform of state-owned enterprises has been intensified.，Liugong has set up a leading body for reform work.，Actively explore new ideas for enterprise development：Reorganization of internal assets，Clean up zombie enterprises、The preliminary work of mixed reform, such as inefficient and ineffective assets, has been steadily promoted.，Actively develop agricultural machinery、Robot and other strategic emerging industries，It has laid a solid foundation for the mixed reform.。2018，Liugong was elected to the Leading Group of State-owned Enterprise Reform of the State Council“Double Hundred Action”Pilot enterprises，From Central Policy to Local Support，Promote Liugong's deepening reform work to enter the fast lane，Liugong's confidence and determination in the mixed reform.。

Reform，It needs to be drastic“Shine the sword”，It also needs the strong support of external forces.。According to Engineer Liu“Agree on Liugong's core values、Based on medium- and long-term cooperation、Insist on developing Liugong brand、Guarantee the independent development of Liugong under the state-owned holding of the autonomous region”The principle of，After several rounds of roadshows and in-depth communication,，Seven strategic investors were selected.，Six of them are central enterprises or state-level funds.。In addition，In order to satisfy the executives of state-owned enterprises, they cannot“Hold from above to below”，The requirement that you cannot participate in employee stock ownership if you hold a position in the group，Secretary of the Party Committee of the Joint Stock Company、Chairman Zeng Guangan and four other people resigned from the group's senior management positions and corresponding administrative ranks.，It has taken the lead in realizing the marketization and professionalization of state-owned enterprise executives.，It sets an example for deepening the reform of Liugong's three systems.。

In the face of unprecedented changes in a century，Engineer Liu showed the courage to split the mountain.，Show the responsibility of gold and stone，Continuation“899 Spirit”。Engineer Liu took the mixed reform as an opportunity.，Actively promote comprehensive reforms，Realize the linkage of reform，Effectively magnify the multiplier effect of reform，Promote the development of mixed enterprises to continuously enhance the dynamic vitality.。New expansion of strategic layout and industrial layout，The profitability and anti-cyclical risk ability of listed companies have been continuously improved.，Realize for Engineer Liu“Become the world's leading provider of equipment and solutions”The cohesion of the great vision。

03
“From employees to owners of enterprises：Stimulate vitality and help“Elephants dance”

“The number of registrations for the first grant was 974，First Registration Grant 5313.68.46 million options，The exercise price is 7.10 yuan/Share。”Recently，Completion of the first grant of Liugong 2023 Stock Option Incentive Plan。This is after the restricted stock incentive plan in 2018.，A new round of employee incentive plan launched by Liugong。

Equity incentive，As a market-oriented medium and long-term incentive mode,，It is conducive to fully mobilizing the enthusiasm of the core backbone talents.，Enhance the vitality and competitiveness of enterprises。Make good use of equity incentive tools，It is one of the grasps to promote the high-quality development of enterprises.。

The number of employees granted this incentive plan has increased compared with the previous one.，Among them, middle-level managers、Personnel in key positions、Core business（Technology）The proportion of personnel has been increasing.，It fully reflects Liugong's technological innovation driven by talents.，Leading high-quality development with talents，The concept of continuously enhancing global core competitiveness。Since the implementation of the employee incentive plan，Fully mobilize the enthusiasm and creativity of the staff，Effectively integrate the interests of shareholders、Combine the interests of listed companies with the interests of individual managers；From key employees to shareholders to participate in the operation of enterprises，Share the profits、Share the risk，While improving the medium and long-term income level of employees, it will also boost the long-term development of enterprises.，Enhance the vitality of enterprises。

Thirty Years of Seeking and Moving Forward，Looking back on the past，Only perseverance can go far.，Only those who think can always be new.。Future，Engineer Liu will shoulder the important task bravely.，Continuously stimulate the vitality of enterprise development，Enhance resilience and competitiveness，Push forward the exploration of high-quality development and innovation in depth with the attitude of forging ahead，Draw a new blueprint for high-quality development。