Group 1 - In the past month (from May 21 to June 20), 40 companies listed on the Beijing Stock Exchange (BSE) were investigated by institutions, with Vision Intelligence being the most notable, receiving attention from 42 institutions [1] - The types of institutions conducting the research include 37 brokerages, 23 funds, 19 private equity firms, 10 insurance companies, and 5 overseas institutions [1] - The companies that received the most attention after Vision Intelligence include Tongli Co., Keda Control, and Juneng Co., with 41, 40, and 40 institutions participating in their investigations, respectively [1] Group 2 - The most frequently investigated companies include Vision Intelligence, Deyuan Pharmaceutical, and Weimao Electronics, each receiving two rounds of institutional research [2] - The average stock price of the investigated BSE companies fell by 7.51% over the past month, with only 5 companies experiencing price increases, notably Yishijingmi, Ruichi Intelligent Manufacturing, and Beiyikang, which rose by 23.32%, 13.27%, and 9.11%, respectively [2] - The average market capitalization of all BSE companies is 2.934 billion yuan, while the average market capitalization of the investigated companies is 3.520 billion yuan, with the highest market caps belonging to Airong Software, Xingtou Measurement and Control, and Tongli Co. [2] Group 3 - A detailed list of companies investigated includes Vision Intelligence (42 institutions, 2 investigations, latest closing price 26.14 yuan, price change -8.83%), Tongli Co. (41 institutions, 1 investigation, latest closing price 20.54 yuan, price change -6.12%), and Keda Control (40 institutions, 1 investigation, latest closing price 27.61 yuan, price change -3.93%) [2][3] - Other notable companies include Yishijingmi (23 institutions, 1 investigation, latest closing price 22.00 yuan, price change 23.32%) and Airong Software (22 institutions, 1 investigation, latest closing price 56.00 yuan, price change -6.27%) [2][3]

Group 1: Company Overview - Tongli Co., Ltd. (834599.BJ) - The report highlights that Tongli Co., Ltd. is positioned to benefit from the growing demand for autonomous mining trucks, with an expected increase in China's autonomous mining truck shipments from approximately 1,400 units in 2024 to about 5,500 units by 2026 [2][5] - The global market for autonomous mining trucks is projected to grow from around 2,100 units in 2024 to approximately 8,700 units in 2026, with significant demand expected from regions such as the Middle East, Australia, and South America [2][5] - The company has established deep collaborations with Yikong Zhijia and Borei Technology, with an estimated delivery of over 700 autonomous vehicles by 2024, capturing more than half of the domestic market share for controlled chassis [6][7] Group 2: Financial Performance and Dividends - Tongli Co., Ltd. is the only company listed on the Beijing Stock Exchange included in the CSI Dividend Index, with a dividend yield of 5.49% in 2024, reflecting a commitment to returning value to investors [7][8] - The company's dividend payouts from 2021 to 2024 were 179 million, 226 million, 226 million, and 317 million respectively, with corresponding dividend yields of 4.07%, 7.06%, 4.73%, and 5.49% [8] - The forecasted net profits for Tongli Co., Ltd. from 2025 to 2027 are expected to be 887 million, 994 million, and 1.114 billion respectively, with corresponding EPS of 1.94, 2.17, and 2.43 [8] Group 3: Industry Overview - Sports Nutrition Market - The report indicates that the sports nutrition market in China is expected to experience significant growth, with a projected CAGR of 23% from 2015 to 2024, driven by increasing consumer health awareness and low current penetration rates [11][12] - Key products such as whey protein and energy gels are anticipated to see substantial sales growth, with whey protein revenue expected to increase by 73% in 2024 and energy gels by 95% [11][12] - The company, Kangbiter (833429.BJ), is expanding its product offerings into the mass market, successfully launching electrolyte drinks and entering major retail channels, which positions it well for future growth [12][13] Group 4: Competitive Positioning - Kangbiter has established a strong competitive advantage through its extensive experience in the sports nutrition sector and its innovative product development, which has led to a leading market share in whey protein on e-commerce platforms [11][12] - The company is leveraging its brand strength and established sales channels to penetrate the broader health food market, with plans to introduce more products aimed at general consumers [12][13] - The report anticipates that Kangbiter will maintain a significant market presence due to its brand power, technological expertise, and ongoing expansion into new consumer segments [12][13]

2024年全球自动驾驶矿卡的总出货量约为2,100辆，中东、澳大利亚等地有望贡献海外需求增量。参考 希迪智驾招股书及灼识咨询信息，矿山是自动驾驶商用车重点应用场景之一。(1)国内视角：中国的自 动驾驶矿卡解决方案行业正迅速扩大，2024年市场规模达19亿元，占封闭场景内自动驾驶市场的约 75.6%，其中产品销售约占中国自动驾驶矿卡解决方案市场的34%。2024年中国自动驾驶矿卡的总出货 量约为1,400辆，2026年预计将增加至约5,500辆。价格来看，2024年中国普通矿卡的平均价格约1.5百万 元/台，自动驾驶矿卡的平均价格约2.5百万元/台。(2)全球视角：2024年全球自动驾驶矿卡的总出货量约 为2,100辆，2026年预计将增加至约8,700辆。价格来看，2024年国际市场普通矿卡的平均价格超过4.5百 万元/台，自动驾驶矿卡的平均价格超过5.0百万元/台。得益于相对领先的价格优势，2024年我国自动驾 驶矿卡出货量占全球市场份额超过65%。纵观全球市场需求，中东、澳大利亚及南美洲亦 属全球主要的煤炭、铜及锂等重要资源供应地，为自动驾驶矿卡解决方案的部署提供了重大机会，有望 于未来几年内在推动全球市 ...

Investment Rating - The investment rating for the company is upgraded to "Buy" due to the long-term growth potential opened by autonomous mining trucks, showcasing both growth and dividend attributes [5][7]. Core Views - The global market for autonomous mining trucks is expected to see significant growth, with an estimated total shipment of approximately 2,100 units in 2024, and a projected increase to about 8,700 units by 2026. The average price for autonomous mining trucks is expected to be around 2.5 million yuan per unit in China and over 5.0 million yuan internationally [6][5]. - The company has achieved significant milestones in the autonomous vehicle sector, delivering over 700 autonomous vehicles and capturing more than half of the domestic market share for controlled chassis. The company is focused on R&D and production of controlled chassis technology to enhance compatibility with autonomous systems [5][6]. - The company has a strong dividend policy, with a projected dividend yield of 5.49% in 2024, and has consistently provided substantial cash dividends to investors over the years [5][7]. Financial Summary - The company’s revenue is projected to grow from 6,145 million yuan in 2024 to 8,174 million yuan by 2027, with a compound annual growth rate (CAGR) of approximately 9.98% [8]. - The net profit attributable to the parent company is expected to increase from 887 million yuan in 2025 to 1,114 million yuan in 2027, reflecting a steady growth trajectory [8]. - The earnings per share (EPS) is forecasted to rise from 1.94 yuan in 2025 to 2.43 yuan in 2027, indicating a positive outlook for shareholder returns [8].

证券代码：834599 证券简称：同力股份 公告编号：2025-061 陕西同力重工股份有限公司 投资者关系活动记录表 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、 投资者关系活动类别 □业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 √特定对象调研 □其他 二、 投资者关系活动情况 活动时间：2025 年 6 月 9 日 活动地点：线上交流会 回答：矿区无人驾驶的智驾系统很难形成标准化产品，但是可以形成通用 的技术，每个矿区会根据不同的需求去调整，投资智驾系统相对偏向于互联网 的商业模式，公司暂时不做智驾系统。线控化的整车对公司来说，竞争力在行 业里处于优势地位，所以目前的主要精力还是会集中在自动化线控整车的研发 方面。谢谢！ 问题 2：公司自动驾驶矿卡未来后续的市场展望如何，预计市场份额的情 况？ 回答：现在矿区的充电、换电设施投资落地很快，一旦纯电技术路径规模 化应用，无人车的经济性就体现出来了。以前是政策驱动，到了现在是市场驱 动，因为电的成本很低。原来做无人 ...

西安市团结南路 35 号高新新天地 T3 座 36 层 陕西同力重工股份有限公司 2025 年第一次临时股东会 法律意见书 . 北京德恒（西安）律师事务所 DeHeng Law Offices (Xi'an) 北京德恒（西安）律师事务所 关于 电话: 029-81773718 邮编: 710065 同力股份 2025年第一次临时股东会法律意见书 对本法律意见书,本所律师作出如下声明: 北京德恒(西安)律师事务所 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 2025 年第一次临时股东会 法律意见书 德恒 13G20250006-1 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2025年第一次临时股东会(以下简称"本次 股东会")相关事项进行了见证,并出具本法律意见书。本所指派的律 ...

证券代码：834599 证券简称：同力股份 公告编号：2025-059 陕西同力重工股份有限公司 2025 年第一次临时股东会决议公告 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：2025 年 6 月 5 日 2.会议召开地点：公司会议室 3.会议召开方式：现场投票和网络投票相结合 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 1.公司在任董事 6 人，出席 4 人；董事戴一凡、倪丽丽无法现场出席，通 过腾讯会议参加； 2.公司在任监事 3 人，出席 2 人；监事谭世鸿无法现场出席，通过腾讯会议 参加； 3.公司董事会秘书出席会议； 公司高级管理人员列席会议。 6.召开情况合法合规的说明： 公司已于 2025 年 5 月 21 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 2025 年第一次临时股东会通知公告 （提供网络投票）》（公告编号：2025-052）。 本次股东会 ...

证券代码：834599 证券简称：同力股份 公告编号：2025-058 陕西同力重工股份有限公司 回购进展情况公告 一、 回购方案基本情况 (一)审议及表决情况 陕西同力重工股份有限公司（以下简称"公司"）2024 年 12 月 4 日召开第五届董 事会第二十一次会议、第五届监事会第十七次会议审议通过《关于陕西同力重工股份有 限公司以集中竞价交易方式回购公司股份》的议案；该议案已经第五届董事会独立董事 专门会议第四次会议审议通过，并且经公司 2024 年 12 月 20 日召开的 2024 年度第三次 临时股东会审议通过。 (二)回购用途及目的 为维护公司股价稳定，提振投资者信心，积极主动保护投资者的利益，公司积极响 应党中央、国务院决策部署，根据中国人民银行、金融监管总局、中国证监会《关于设 立股票回购增持再贷款有关事宜的通知》，公司拟以自有资金及银行提供的股票回购专 项贷款资金回购公司股份，用于员工持股计划或股权激励，吸引和留住优秀人才，充分 调动公司管理层及员工的积极性，推动公司高质量发展，努力实现公司战略目标和经营 目标，提升公司整体价值。 （三）回购方式 本次回购方式为竞价方式回购，回购股份类型为公 ...

Core Viewpoint - The announcement details the achievement of the exercise conditions for the second exercise period of the stock option incentive plan for Shaanxi Tongli Heavy Industry Co., Ltd, indicating that the company has met the necessary criteria for the stock options to be exercised [1][8][15]. Summary by Sections 1. Meeting and Decision-Making Process - The company held the 25th meeting of the 5th Board of Directors and the 20th meeting of the 5th Supervisory Board on May 21, 2025, to review the stock option incentive plan [1][2]. - Due to insufficient non-related directors, the relevant proposals will be submitted for review at the first extraordinary shareholders' meeting on June 5, 2025 [1][2]. 2. Conditions for Exercise Achievement - The exercise conditions for the first grant of stock options have been met, with the waiting period for the second exercise period ending on April 17, 2025 [8][10]. - The company did not experience any disqualifying events, such as negative audit opinions or violations of profit distribution regulations, which allows the exercise conditions to be fulfilled [10][11]. 3. Performance Assessment - The performance assessment for the company requires a revenue of CNY 4,094,310,303.09 for 2023 and CNY 6,144,633,130.71 for 2024, with a growth rate of at least 50.08% [10][11]. - The individual performance assessment for the incentive objects will be conducted according to the company's existing salary and assessment regulations, with all 12 incentive objects achieving an "excellent" rating [11][12]. 4. Stock Option Pricing Adjustments - The exercise price for the stock options was adjusted from CNY 4.54 to CNY 4.04 per share, and subsequently to CNY 3.35 per share following the annual equity distribution [13][14]. - The total number of stock options available for exercise is 4,000,000 shares, representing 50% of the granted options [13][16]. 5. Fundraising and Tax Arrangements - The funds raised from the exercise of stock options will be used to supplement the company's working capital [14]. - The incentive objects are responsible for their personal income tax payments, which the company will withhold and remit according to national tax regulations [14]. 6. Legal and Supervisory Opinions - The supervisory board has confirmed that the company meets the necessary qualifications for implementing the stock option incentive plan and that the exercise conditions have been achieved [15][16]. - Legal opinions affirm that the adjustments to the exercise price and the achievement of exercise conditions comply with relevant laws and regulations [16][17].

证券代码：834599 证券简称：同力股份 公告编号：2025-053 陕西同力重工股份有限公司 2023 年股票期权激励计划首次授予部分 第二个行权期行权条件成就的公告 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。 陕西同力重工股份有限公司（以下简称"公司"）于 2025 年 5 月 21 日召开 第五届董事会第二十五次会议、第五届监事会第二十次会议，审议了《关于<调 整 2023 年股票期权激励计划股票期权行权价格>的议案》、《关于<2023 年股票期 权激励计划首次授予部分第二个行权期行权条件成就>的议案》；因非关联董事不 足三人，上述应提交董事会审议的议案将提交 2025 年 6 月 5 日召开 2025 年第 一次临时股东会审议。根据《上市公司股权激励管理办法》《北京证券交易所上 市公司持续监管指引第 3 号——股权激励和员工持股计划》、公司《2023 年股票 期权激励计划（草案）》（以下简称"《激励计划》"或"本次激励计划"）的相关 规定，公司本次激励计划首次授予部分第二个行权期行权条件已 ...