[Chart: Company Logo]
Stock Code: 002526 Stock Abbreviation: Shandong Mining Machinery
Shandong Mining Machinery Group Co., Ltd.
(North Section of Dayi Road, Economic Development Zone, Changle County, Weifang City, Shandong Province)
2024 Prospectus for Issuance of A-Shares to Specific Targets
(Registration Draft)
Sponsor (Lead Underwriter)
[Chart: LC Securities Logo]
15th Floor, Building 8, No. 195 Hong Kong East Road, Laoshan District, Qingdao City, Shandong Province
July 2026
Statement
The Company and all directors and senior management warrant that this prospectus contains no false records, misleading statements, or major omissions, and assume legal responsibility for its authenticity, accuracy, and completeness.
The person in charge of the Company, the person in charge of accounting work, and the person in charge of the accounting department guarantee the truthfulness and completeness of the financial and accounting data in this prospectus.
Any decision or opinion made by the CSRC or the exchange regarding this issuance does not indicate their guarantee of the authenticity, accuracy, or completeness of the application documents and disclosed information, nor does it constitute a substantive judgment or guarantee of the issuer's profitability, investment value, or investor returns. Any statement to the contrary is a false and untrue representation.
In accordance with the Securities Law, after the securities are issued in accordance with the law, the issuer is solely responsible for changes in its operations and earnings.
Investors shall independently judge the investment value of the issuer, make their own investment decisions, and bear the investment risks arising from changes in the issuer's operations and earnings or fluctuations in securities prices after the issuance.
Major Matters Prompt
This prompt provides a brief summary of risk factors and other important matters that require special attention. Investors should read the full prospectus before making a decision.
- Special Risk Warnings
(1) Industry Policy Risk
Under the "Carbon Peaking and Carbon Neutrality" background, adjustments to policies related to the coal industry, environmental protection, energy conservation, emission reduction, and the development of new energy may affect the market environment and development space of the coal machinery industry, and the relevant market faces downward risks.
(2) Cyclical Fluctuation Risk of the Coal Industry
The Company mainly provides coal mining equipment, such as hydraulic supports and scraper conveyors, to coal mining enterprises. The coal industry is a cyclical industry, and its prosperity is highly correlated with the macroeconomy. Therefore, the Company's operations are inevitably affected by the national macroeconomic environment and the cyclical fluctuations of the coal industry. Given the national emphasis on safe and efficient coal mine production and the promotion of a series of policies, China's coal supply-side structural reform has achieved significant results in recent years, with backward production capacity being gradually phased out and the industrial structure continuously optimized. However, against the backdrop of slowing global and domestic economic growth, if the coal industry experiences cyclical downward fluctuations in the future, sharp fluctuations in coal prices will directly affect the cash flow and capital expenditure of coal enterprises, thereby affecting the orders and performance of coal machinery equipment companies, and the Company's main business will be adversely affected, with the risk of declining operating performance.
(3) Risk of Declining Operating Performance