Group 1: Company Strategy and Market Position - The company's overseas revenue currently accounts for approximately 20%, with a long-term goal of achieving a 50% split between domestic and international revenue [4] - The global open-pit coal mine market has a 70% overseas share, indicating significant growth potential for the company [4] - The company aims to enhance its research and development efforts to lead and drive market growth [4] Group 2: Product Pricing and Profitability - Electric products are priced about 70% higher than traditional models, while hybrid products are slightly lower than electric ones [4] - The gross profit margin for domestic fuel vehicles is under 20%, while electric vehicles have a gross margin of around 30% [6] - The company maintains a stable gross profit margin by adhering to a cost-plus pricing model, anticipating a 20% gross profit margin [5] Group 3: Future Market Trends and Projections - The penetration rate of new energy products is expected to reach 20% this year, with a forecast of full replacement of fuel vehicles within 3-5 years due to environmental regulations and technological advancements [8] - The company is well-positioned in the new energy vehicle market, being one of the earliest developers, leading to a significant market share [8] - The company plans to focus on its core business while expanding its market share in both domestic and international markets [10] Group 4: Sales and Cost Management - Future sales expenses may increase if the proportion of new energy and autonomous driving products rises, while a higher proportion of fuel vehicles could lead to reduced expenses [6] - The company is committed to controlling its cost structure and maintaining a normal expense ratio [6] Group 5: Shareholder Returns and Policies - The company has a relatively stable dividend policy and aims to create greater value for shareholders through operational performance [11] - Share buyback plans and other significant matters will be communicated through official announcements [11]

Group 1: Company Strategy and Market Position - The company's overseas revenue currently accounts for approximately 20%, with a long-term goal of achieving a 50% split between domestic and international revenue [4] - The global open-pit coal mine market has a 70% overseas share, indicating significant growth potential for the company [4] - The company aims to enhance its research and development to lead the market with superior products [4] Group 2: Product Pricing and Profit Margins - Electric products are priced about 70% higher than traditional models, while hybrid products are slightly lower than electric ones [4] - The gross margin for domestic fuel vehicles is under 20%, while electric vehicles have a gross margin of around 30% [6] - The company maintains a stable gross margin by adhering to a cost-plus pricing model, allowing for a 20% gross profit margin [5] Group 3: Future Market Trends and Projections - The penetration rate of new energy products is expected to reach 20% this year, with a forecast of complete replacement of fuel vehicles within 3-5 years due to environmental regulations and technological advancements [8] - The company anticipates that the sales expense ratio will normalize next year, with ongoing cost reduction efforts [6] - The company is focused on expanding its market share in both domestic and international markets, with significant growth opportunities identified [10] Group 4: Autonomous Vehicle Development - Currently, there is no commercial deployment of autonomous vehicles in mining, but the company is actively developing its line control chassis to enhance compatibility with various systems [9] - The efficiency of autonomous vehicles is reported to be about 90% compared to human-driven vehicles, indicating readiness for future commercialization [5] Group 5: Dividend Policy and Shareholder Returns - The company maintains a stable dividend policy and aims to provide timely cash dividends to shareholders, reflecting its commitment to creating value [11]

Financial Performance - Net profit attributable to shareholders rose by 4.92% to CNY 459,879,705.77 for the first nine months of 2024[4] - Basic earnings per share increased by 4.70% to CNY 1.0371 for the first nine months of 2024[4] - Total revenue for the first nine months of 2024 reached ¥4,381,465,658.06, a slight increase from ¥4,365,030,717.95 in the same period of 2023, reflecting a growth of approximately 0.37%[56] - Operating profit for the period was ¥550,656,667.30, compared to ¥511,955,345.52 in the previous year, indicating an increase of about 7.57%[57] - Net profit for the first nine months of 2024 was ¥460,141,225.52, up from ¥442,404,599.38 in the same period last year, representing a growth of approximately 4.00%[57] - The total profit for the first nine months of 2024 was ¥456,886,169.84, compared to ¥451,215,926.00 in 2023, showing a slight increase of about 1.5%[58] Revenue and Cash Flow - Revenue for Q3 2024 reached CNY 1,569,542,784.37, a 48.01% increase compared to Q3 2023[4] - Operating cash flow increased significantly by 685.10% to CNY 823,807,838.91 year-to-date[4] - Cash inflow from operating activities included $1.99 billion from sales of goods and services, compared to $1.83 billion in the previous year, marking an increase of about 9.1%[62] - Cash received from the disposal of subsidiaries and other business units was $10 million, significantly higher than $4 million in the previous year[62] Assets and Liabilities - Total assets increased by 22.92% to CNY 7,034,124,038.29 compared to the end of last year[4] - Total liabilities amounted to ¥4,296,688,130.09, up from ¥3,221,018,533.32, which is an increase of approximately 33.4%[52] - The company's equity attributable to shareholders increased to ¥2,737,435,908.20 from ¥2,466,049,481.06, representing a growth of about 11%[52] - The company's total assets increased to ¥6,201,139,880.62 from ¥5,186,203,106.74, marking a growth of about 19.5%[55] Research and Development - The company’s R&D expenses surged by 100.53% to CNY 121,811,063.57 due to increased investment in new model development[5] - Research and development expenses for the period were ¥121,811,063.57, significantly higher than ¥60,744,048.28 in the previous year, indicating an increase of approximately 100.5%[56] - Research and development expenses increased significantly to ¥104,899,301.76 in 2024 from ¥49,839,428.21 in 2023, reflecting a growth of approximately 110.5%[58] Shareholder Information - Major shareholders include Ye Lei with 17.87% and Shandong Huayue with 16.85% of the shares[9][10] - The total number of shares outstanding at the end of the period was 456,525,000, with a slight increase in the proportion of limited shares to 50.25%[8] - The company has a total of 9,904 common shareholders at the beginning of the reporting period[8] Stock Options and Employee Stock Ownership Plan - The employee stock ownership plan allows for a maximum total investment of 40 million CNY, with each share priced at 4 CNY[26] - The total number of shares repurchased for the employee stock ownership plan is 10,000,000 shares[25] - The stock options incentive plan for 2023 involves two grants, with the first grant of options awarded to 12 individuals, and a second batch of 2 million options reserved for another 12 individuals[32] - The total expense to be amortized for the first grant of 800,000 stock options is 17.92 million yuan, with 8.83 million yuan allocated for 2023, 7.53 million yuan for 2024, and 1.56 million yuan for 2025[35] Financing Activities - The total cash received from financing activities was ¥192,194,440.00, a significant increase of 1,841.36% due to new loans obtained during the period[6] - Cash outflow from investment activities totaled approximately $105.26 million, compared to $51.55 million in the same period last year, indicating a rise of about 104.5%[63] - Net cash flow from financing activities was negative at approximately -$145.91 million, worsening from -$75.42 million in the previous year[63] Taxation and Other Income - The company paid taxes totaling ¥228,842,051.34, reflecting a 41.63% increase primarily due to higher VAT and additional taxes from new products with higher gross margins[6] - The company reported a significant increase in other income by 929.41% to CNY 29,134,940.36 due to VAT deductions[5] Guarantees and Related Transactions - The company reported a guarantee amount of 510.04 million yuan for the first three quarters of 2024, with a year-end guarantee balance of 953.21 million yuan[16] - Daily related transactions for 2024 are estimated at 30 million yuan for purchasing motor gearboxes and 50 million yuan for purchasing control modules[17] - The company sold chassis worth 150 million yuan to a related company during the reporting period[17] Miscellaneous - The company has not engaged in any significant litigation or arbitration matters during the reporting period[14] - The company has not provided external loans during the reporting period[15] - The company has not conducted any share buybacks during the reporting period[15]

证券代码：834599 证券简称：同力股份 公告编号：2024-069 陕西同力重工股份有限公司 第五届监事会第十六次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、会议召开和出席情况 （一）会议召开情况 本次会议的召开符合《公司法》和《陕西同力重工股份有限公司公司章 程》的规定。 审议《关于<陕西同力重工股份有限公司 2024 年第三季度报告>》的议案。 详细内容见公司 2024 年 10 月 28 日于北京证券交易所信息披露平台 1.会议召开时间：2024 年 10 月 24 日 2.会议召开地点：公司会议室 3.会议召开方式：现场会议 4.发出监事会会议通知的时间和方式：2024 年 10 月 22 日以电话方式发出 5.会议主持人：监事会主席郭振军先生。 6.召开情况合法、合规、合章程性说明： （一）审议通过《关于<陕西同力重工股份有限公司 2024 年第三季度报告>》的 议案。 1.议案内容： （www.bse.cn）披露的《陕西同力重工股份有限公司 2024 年第三季度报告 ...

证券代码：834599 证券简称：同力股份 公告编号：2024-068 陕西同力重工股份有限公司 第五届董事会第二十次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2024 年 10 月 24 日 2.会议召开地点：公司会议室 3.会议召开方式：现场方式 4.发出董事会会议通知的时间和方式：2024 年 10 月 22 日以电话方式发出 5.会议主持人：公司董事长叶磊先生 6.会议列席人员：公司全体监事和公司高管薛晓强、安杰、杨建耀、杨鹏。 7.召开情况合法、合规、合章程性说明： 二、议案审议情况 （一）审议通过《关于<陕西同力重工股份有限公司 2024 年第三季度报告>》的 议案； 1.议案内容： 审议《关于<陕西同力重工股份有限公司 2024 年第三季度报告>》的议案。 详细内容见公司 2024 年 10 月 28 日于北京证券交易所信息披露平台 （www.bse.cn）披露的《陕西同力重工股份有限公司 2024 年第三季 ...

北京德恒（西安）律师事务所 关于 陕西同力重工股份有限公司 2024 年第二次临时股东大会 法律意见 北京德恒(西安)律师事务所 DeHeng Law Offices (Xi'an) 陕西省西安市高新区丈八办团结南路 35 号高新新天地 T3 栋 36 层 电话: 029-81773718 邮编：710065 北京德恒(西安)律师事务所 同力股份 2024 年第二次临时股东大会法律意见 北京德恒（西安）律师事务所 关于陕西同力重工股份有限公司 2024年第二次临时股东大会 法律意见 德恒 13G20230014-5 号 致:陕西同力重工股份有限公司 北京德恒(西安)律师事务所(以下简称"本所")接受陕西同力重工股份有 限公司(以下简称"公司")的委托,根据《中华人民共和国公司法》《中华人民 共和国证券法》、中国证券监督管理委员会发布的《上市公司股东大会规则》等有 关法律、行政法规、规范性文件以及《陕西同力重工股份有限公司章程》(以下简 称"公司章程")的规定,指派本所律师就公司2024年第二次临时股东大会(以下 简称"本次股东大会")相关事项进行了见证,并出具本法律意见。本所指派的律 师现场出席了本次股东大会 ...

证券代码：834599 证券简称：同力股份 公告编号：2024-066 陕西同力重工股份有限公司 2024 年第二次临时股东大会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2024 年 9 月 12 日 2.会议召开地点：公司会议室 3.会议召开方式：现场投票及网络投票相结合 4.会议召集人：公司董事会 5.会议主持人：公司董事长叶磊先生 6.召开情况合法、合规、合章程性说明： 公司已于 2024 年 8 月 26 日在北京证券交易所信息披露平台（www.bse.cn） 披露《陕西同力重工股份有限公司关于召开 2024 年第二次临时股东大会通知公 告（提供网络投票）》（公告编号：2024-062）。 本次股东大会会议召集、召开及议案审议程序符合《中华人民共和国公司法》 《北京证券交易所股票上市规则（试行）》等有关法律、行政法规、部门规章、 规范性文件和《陕西同力重工股份有限公司章程》的相关规定。 （二）会议出席情况 （三）公司董 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1][6]. Core Views - The company has shown a recovery in performance in Q2 2024, achieving a record high quarterly profit, with significant progress in the fields of new energy and autonomous driving [1][6]. - Despite a slight decline in revenue and profit year-on-year for H1 2024, Q2 performance rebounded significantly, with revenue of 1.615 billion yuan and a net profit of 179 million yuan, reflecting a quarter-on-quarter increase of 34.95% and 50.97% respectively [2][3]. - The company is benefiting from improved gross margins and strong financial resilience, with the launch of new products and the completion of a new production facility [3][6]. Summary by Sections Financial Performance - For H1 2024, the company reported revenue of 2.812 billion yuan, down 14.91% year-on-year, and a net profit of 297 million yuan, down 11.16% year-on-year [2]. - The gross margin for H1 2024 was 22.97%, an increase of 3.68 percentage points year-on-year [3][5]. - The company achieved a net cash flow from operating activities of 151 million yuan, up 23.55% year-on-year [2]. Product and Market Development - The company has made significant advancements in the new energy sector, with a notable increase in sales of electric and alternative fuel vehicles [6]. - The penetration rate in the open-pit coal mining market is expected to increase, supported by national policies aiming for higher production from open-pit mines [6]. - The company has also expanded its presence in international markets, with a focus on enhancing its market share in overseas operations [6]. Profitability Forecast - The company is projected to achieve revenues of 6.12 billion yuan, 7.51 billion yuan, and 8.69 billion yuan for the years 2024, 2025, and 2026 respectively, with corresponding net profits of 637 million yuan, 849 million yuan, and 1.013 billion yuan [6][7]. - The expected growth rates for net profit are 4%, 33%, and 19% for the years 2024, 2025, and 2026 respectively [6][7].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The report highlights that the technology for new energy vehicles is becoming increasingly refined, and the commercial application of autonomous vehicles is on the verge of large-scale deployment [1][4] - The company has experienced a decline in revenue and net profit in the first half of 2024, with revenue at 2.812 billion yuan (down 14.91%) and net profit at 296.76 million yuan (down 11.16%) [3] - Despite the domestic market downturn and slowing overseas growth, the report maintains a positive outlook on the company's international market expansion and new product competitiveness [3] Financial Summary - In H1 2024, the company's revenue was 2.812 billion yuan, with a net profit of 296.76 million yuan, and a non-recurring net profit of 288.44 million yuan [3] - The gross profit margin improved year-on-year, with Q2 2024 revenue at 1.615 billion yuan, a quarter-on-quarter increase of 35%, and net profit at 178.51 million yuan, a quarter-on-quarter increase of 51% [3] - The company has adjusted its profit forecasts for 2024-2026, expecting net profits of 609 million yuan, 679 million yuan, and 751 million yuan respectively, with corresponding EPS of 1.33, 1.49, and 1.64 yuan per share [3] Product and Market Development - The company has made significant progress in product innovation, with R&D expenses reaching 74.16 million yuan (up 60%) [3] - The domestic first dual-bridge drive "rigid truck" TLD125 has begun mass production and has been delivered to Ecuador's metal mines, marking a new entry into the high-end South American market [3] - The report notes that the company has completed nearly 300 orders for autonomous driving products, with over 200 vehicles operating in mines, achieving an attendance rate improvement from over 80% to 90% [4]

北京德恒(西安)律师事务所 关于 陕西同力重工股份有限公司 2023 年股票期权激励计划 预留授予部分第一个行权期行权条件成就之 法律意见 北京德恒（西安）律师事务所 DeHeng Law Offices (Xi'an) 陕西省西安市高新区丈八办团结南路 35 号高新新天地 T3 栋 36 层 电话: 029-81773718 邮编: 710065 the state of the subject of 北京德恒(西安)律师事务所 关于陕西同力重工股份有限公司 2023 年股票期权激励计划 预留授予部分第一个行权期行权条件成就之法律意见 释 义 在本法律意见中,除非文义另有所指,下列词语具有下述涵义: | 德恒/本所 | 指 | 北京德恒(西安)律师事务所 | | --- | --- | --- | | 公司/同力股份 | 指 | 陕西同力車工股份有限公司 | | 本股票期权激励计 | 指 | 陕西同力重工股份有限公司2023年股票期权激励计 | | 划/本激励计划/本 | | 划 | | 次计划 | | | | 《激励计划(草 | 블 | 《陕西同力重工股份有限公司2023年股票期权激励 | | 案)》 | ...