In recent years, guided by policies such as the new "Nine National Guidelines," the "Market Value Management Guidelines," and new regulations on cash dividends, improving investor returns has become a "required course" for listed companies, and China's capital market has thus entered a new stage of "emphasizing returns." Recently, the China Association for Public Companies, in accordance with the requirements of cash dividend rules, compiled and released the "2025 List of Listed Companies by Cash Dividends." Zoomlion, with its cumulative total cash dividends over the past three years, was successfully included in the "Top 100 by Total Cash Dividends" list.

▲Zoomlion included in the "2025 List of Listed Companies by Cash Dividends"

At present, Zoomlion is fully implementing its strategies of globalization, digitalization, intelligentization, and green development, accelerating the cultivation of emerging industries, and firmly building an overseas business system with Zoomlion characteristics featuring "end-to-end, digital, and localized" operations. By continuously expanding global markets and optimizing its industrial layout, the company's revenue structure has become more diversified and stable, and the predictability of its performance has significantly improved, successfully achieving the transformation from a traditional "cyclical" model to a "value-growth" enterprise. The resilience and momentum of the company's sustainable development continue to strengthen, and its development trend is significantly better than the industry level.

While focusing on its own development, Zoomlion has always attached great importance to returns for all shareholders, continuously sharing development results with investors through cash dividends and share repurchases. Since its listing, the company has distributed dividends 27 times, with cumulative dividends of approximately RMB 28.9 billion, and total dividends exceeding the total equity financing raised from the capital market; the overall historical dividend payout ratio is approximately 47%, with the payout ratio and dividend yield maintaining long-term industry leadership; in recent years, the company has continued to carry out large-scale repurchases in both A-shares and H-shares, with cumulative repurchase amounts of approximately RMB 5 billion.

The company's strategy of attaching great importance to shareholder returns has also been fully recognized by the market. The company's stock has been included in the CSI 300 Dividend Index, CSI Dividend 200, CSI Dividend Index, CSI State-owned Enterprise Dividend Index, SZSE Dividend Index, SZSE Dividend 50, SZSE Dividend 300, and Huazheng A-share Dividend Preferred 50, among others, which is rare in the machinery industry and fully reflects the market's confidence in and recognition of the company's long-term return capability.

In the future, the company will continue to balance the dynamic relationship among company development, performance growth, and shareholder returns in accordance with the environment, strategy, operations, and financial conditions of its development stage, and build a "long-term, stable, and sustainable" shareholder value return mechanism. With solid operating performance and sustained profitability, the company will provide investors with stable and excellent returns, continuously enhance investors' sense of gain, and contribute to the healthy development of the capital market.