证券之星消息，12月12日工程机械板块较上一交易日上涨1.04%，邵阳液压领涨。当日上证指数报收于 3889.35，上涨0.41%。深证成指报收于13258.33，上涨0.84%。工程机械板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 301079 | 邵阳液压 | 30.86 | 19.98% | 25.61万 | 7.37亿 | | 920839 | 万通液压 | 46.24 | 8.04% | 5.49万 | 2.50亿 | | 600984 | 建设机械 | 4.78 | 6.46% | 183.78万 | 206.8 | | 001226 | 拓山重工 | 43.02 | 4.29% | 4.24万 | 1.82亿 | | 603298 | 杭叉集团 | 27.53 | 3.57% | 9.64万 | 2.63亿 | | 000680 | 山推股份 | 11.04 | 2.32% | 24.80万 | 2.74亿 | | 000528 | 柳工 | 12.84 | ...

12月9日同力股份大宗交易一览 进一步统计，近1个月内该股累计发生3笔大宗交易，合计成交金额为2230.81万元。 证券时报·数据宝统计显示，同力股份今日收盘价为19.64元，下跌3.39%，日换手率为1.13%，成交额为 7821.03万元，近5日该股累计下跌2.29%。 | 成交量 | 成交金额 | 成交价格 | 相对当日收 盘价折溢价 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | | | | | | | | （%） | | | | 22.75 | 323.94 | 14.24 | -27.49 | 中信证券(山东)有限责任公司 | 东北证券股份有限 | | | | | | 龙口南山路证券营业部 | 公司烟台分公司 | 同力股份（920599）12月9日大宗交易平台出现一笔成交，成交量22.75万股，成交金额323.94万元，大 宗交易成交价为14.24元，相对今日收盘价折价27.49%。该笔交易的买方营业部为中信证券(山东)有限责 任公司龙口南山路证券营业部，卖方营业部为东北证券股份有限公司烟台 ...

Group 1 - The average return of 11 theme funds on the Beijing Stock Exchange (BSE) reached 52.12% in 2025, indicating a strong performance and potential for diversified investor participation as the two-year fixed-open products become available for subscription and redemption [1][19][20] - The number of public fund institutions investing in BSE stocks increased to 29 by the end of 2024, a year-on-year growth of 31.82%, with the number of heavily invested companies rising from 34 to 41 in the first three quarters of 2025 [11][12] - The BSE's market performance shows a shift towards diversified investment styles, with a focus on emerging industries such as intelligent connected new energy vehicles, commercial aerospace, low-altitude economy, and robotics [1][31] Group 2 - The BSE 50 Index reported a value of 1,387.70 points, with a week-on-week increase of 0.75%, while the BSE specialized and new index reached 2,317.70 points, up 0.79% [2][43] - The TTM PE ratios for various sectors on the BSE include high-end equipment at 38.37X, information technology at 84.54X, and chemical new materials at 42.21X, indicating sector-specific valuation trends [2][33] - The top ten companies by market value held by funds on the BSE as of Q3 2025 include Jinbo Bio, Naconoer, and Better Energy, with significant changes in holdings reflecting market dynamics [22][23][24] Group 3 - The BSE's passive index fund scale has seen significant growth, with the BSE 50 Index fund size reaching 128.93 billion yuan by November 28, 2025, and the number of tracking products increasing to 68 [13][16] - The fund holdings on the BSE show that 59.17% of companies have a market value between 2-5 billion yuan, while 49.17% of companies reported a net profit of less than 50 million yuan in 2024 [27][29] - The industry allocation preferences of funds on the BSE are similar to those on the dual innovation board, with the top five sectors being machinery, hardware equipment, electrical equipment, automotive parts, and software services [31][32]

Core Viewpoint - On November 11, Tongli Co., Ltd. executed a block trade involving 1.2 million shares at a transaction value of 17.916 million yuan, with a transaction price of 14.93 yuan, representing a discount of 29.38% compared to the closing price of the day [2] Summary by Category Trading Activity - The block trade involved a volume of 1.2 million shares and a transaction amount of 17.916 million yuan [2] - The transaction price was 14.93 yuan, which is 29.38% lower than the closing price of the day [2] - The buyer was HuLong Securities Co., Ltd. from the Lanzhou Donggang West Road branch, while the seller was CITIC JianTong Securities Co., Ltd. from the Gansu branch [2] Stock Performance - The closing price of Tongli Co., Ltd. on the same day was 21.14 yuan, reflecting a decrease of 0.84% [2] - The stock had a turnover rate of 1.33% and a total transaction amount of 97.9196 million yuan for the day [2] - Over the past five days, the stock has cumulatively decreased by 4.65% [2] Company Information - Tongli Co., Ltd. was established on February 1, 2005, with a registered capital of 462.525 million yuan [2]

Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [5][12]. Core Insights - The company is a global leader in wide-body trucks, with steady growth expected in its performance due to the ongoing penetration of new energy and autonomous driving models [1]. - The revenue CAGR from 2018 to 2024 is projected to be 21%, while the net profit CAGR for the same period is expected to be 31% [1][29]. Summary by Sections Company Overview - The company, established in 2005, is a pioneer in non-road wide-body trucks and aims to be a leading supplier of engineering transportation solutions [19]. - The company has diversified its product offerings, including fuel, electric, and hybrid models, with a market share of approximately 30% in the non-road wide-body truck segment [19][26]. Market Analysis - The domestic market for fuel wide-body trucks is stabilizing, while overseas markets present new growth opportunities [2]. - The market for new energy wide-body trucks is expected to grow significantly, with a projected market size of 25 billion yuan in 2024, increasing to 149 billion yuan by 2029, reflecting a CAGR of 43% [3][66]. - The autonomous driving market for wide-body trucks is also expanding, with a forecasted market size of 20 billion yuan in 2024, expected to reach 301 billion yuan by 2030, representing a CAGR of 57.4% [4][66]. Financial Forecasts - Revenue forecasts for 2025-2027 are 67.8 billion yuan, 76.4 billion yuan, and 86.2 billion yuan, with a CAGR of 12.8% [5][12]. - Net profit forecasts for the same period are 8.9 billion yuan, 9.9 billion yuan, and 11.4 billion yuan, with a CAGR of 13.1% [5][12]. Competitive Landscape - The competitive landscape for new energy wide-body trucks is concentrated, with the top three companies holding a combined market share of 68% [3]. - The company is positioned as the second-largest player in the autonomous driving segment, benefiting from partnerships with leading technology firms [4][66].

证券代码：920599 证券简称：同力股份 公告编号：2025-132 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 □特定对象调研 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 11 月 5 日 活动地点：全景网"投资者关系互动平台"（https://ir.p5w.net）。 参会单位及人员：通过网络方式参加公司 2025 年第三季度报告业绩说明会 的投资者。 上市公司接待人员：公司董事长&总经理：樊斌先生；公司董事&财务总监： 安杰先生；公司董事会秘书：杨鹏先生。 三、 投资者关系活动主要内容 问题 1：公司的海外市场发展如何；公司的新能源矿卡和无人驾驶矿卡的核 心竞争力有哪些？ □分析师会议 回答：目前国内外业务平稳运行，海外市场作为公司未来的主要增长点，公 司将投入更多的资源去开发海外市场，当然也包括非洲市场、中亚市场以及南美 等市场在内；同时公 ...

证券代码：920599 证券简称：同力股份 公告编号：2025-131 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 √特定对象调研 □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 □其他 二、 投资者关系活动情况 活动时间：2025 年 10 月 31 日 活动地点：线上交流会 参会单位及人员：开源证券、华源证券、西部证券、中信建投基金管理有限 公司、创金合信基金管理有限公司、平安基金管理有限公司、汇添富基金管理有 限公司、广发基金管理有限公司、阳光资产管理股份有限公司、华夏久盈管理有 限公司、红塔证券股份有限公司、中国国际金融股份有限公司、第一创业证券股 份有限公司、深圳市尚诚资产管理有限责任公司、上海卫宁私募基金管理有限公 司、上海滦海啸阳私募基金管理有限公司、上海滦海投资管理有限公司、上海汇 瑾资产管理有限公司、上海颢升私募基金管理有限公司、上海冰河资产管理有限 公司、杭州深沃投资管理合伙企 ...

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - In Q3 2025, the total holdings of public - offering funds in the Beijing Stock Exchange (BSE) increased steadily, with expanding market breadth and deepening participation. The allocation style shifted from high concentration to diversification, focusing on high - end manufacturing and emerging industries. Theme funds saw growth in both scale and returns, and passive products contributed stable increments [3]. Group 3: Summary According to the Table of Contents 1. Fund Third - Quarter Report Summary - In Q3 2025, 71 BSE companies entered the top ten heavy - holding lists of various funds, and the market value of public - offering heavy - holdings in the BSE reached 1.031 billion yuan. Over 30 funds heavily held shares of 10 companies, with the number of funds holding Nacanoor and Jinbo Biology ranking first at 54 each. 49 companies were increased in holdings, 19 were reduced, and 18 exited the heavy - holding list. 30 new companies entered the list compared to Q2 2025 [6]. - A total of 142 funds included BSE companies in their top ten holdings, with 103 non - BSE theme funds accounting for 72.5%, indicating growing market attention [8]. - From Q3 2023 to Q3 2025, the total market value of BSE public - offering heavy - holding stocks showed an upward trend, breaking through 1 billion yuan in Q3 2025 (qoq + 4%). The proportion of public - offering heavy - holdings in the BSE in the total public - offering heavy - holding market value reached 0.26% in Q3 2025, a slight decline [11][14]. - The number of funds heavy - holding the BSE increased rapidly from 49 in Q3 2023 to 142 in Q3 2025. The increase was mainly contributed by non - BSE active equity funds and index funds. The heavy - holding market value of non - BSE active equity funds decreased slightly to 263 million yuan, while that of index funds exceeded 500 million yuan [18]. 2. Active Equity 2.1 Active Equity Overall - In Q3 2025, active equity funds showed a more diversified allocation trend, with the CR5 ratio dropping from 61% to 54%. Jinbo Biology's allocation ratio decreased by nearly 10 percentage points, while Nacanoor's increased to 14.9% and ranked second, and Kait Co., Ltd. was also significantly increased in holdings [3][20]. - The proportion of active equity funds' holdings in the outstanding shares of individual stocks changed. Kait Co., Ltd. ranked first with a 9.8% ratio, and Nacanoor ranked second with 9.2%. Newly listed companies such as Guangxin Technology and Haidaer entered the list with a ratio exceeding 5%, indicating a shift of funds towards small - and medium - cap stocks with growth potential [25]. - Active equity institutions showed a differentiated adjustment in positions. Guangxin Technology led the increase in holdings, while Tongli Co., Ltd. was significantly reduced. In terms of industry allocation, the proportion of the power equipment industry increased by 12 percentage points to 27.0%, becoming the largest heavy - holding industry, while beauty care and machinery industries were reduced [27][28]. 2.2 North - Exchange Active Theme Funds - As of October 29, 2025, the total scale of 11 BSE active theme funds reached 579.4 million yuan, and the average quarterly return was 9.7%, outperforming the BSE 50 Index [30]. 2.2.1 Structural Changes - In Q3 2025, Nacanoor rose to the top of the heavy - holding list of BSE theme funds, Kait Co., Ltd. rose to the second place, and Minshida remained third. Ten new companies entered the top ten heavy - holding list, such as Gobica, Guangxin Technology, etc. [33][34]. 2.2.2 Changes in Each Fund - In Q3 2025, most funds maintained high positions or moderately increased positions, focusing on sub - leading companies with stable performance and reasonable valuations. Some funds increased the layout of emerging fields such as innovative drugs, AI computing power, and energy storage. The 11 BSE active theme funds generally increased their holdings in companies like Gobica, Nacanoor, and Kait Co., Ltd. [37][38]. 3. North - Exchange Passive Theme Funds - The scale of BSE passive theme funds continued to grow steadily to 1.208 billion yuan in Q3 2025, with an increase of 96 million yuan compared to the previous period. The BSE Specialized and Sophisticated New Index products are expected to be launched soon, which may bring considerable incremental funds to the market [3].

Investment Rating - The investment rating for the company is "Buy" (maintained) [3][5] Core Views - The company has a strong order backlog with contract liabilities of 171 million yuan as of the end of Q3 2025, reflecting robust demand for its products [7] - The company is actively expanding its product offerings in the new energy and autonomous mining truck sectors, which are expected to enhance profitability due to higher value and margins [6] - Revenue for the first three quarters of 2025 reached 4.796 billion yuan, a year-on-year increase of 9.45%, while net profit attributable to the parent company was 535 million yuan, up 16.39% year-on-year [5] Financial Performance Summary - For the first three quarters of 2025, the company achieved revenue of 4.796 billion yuan, with Q3 revenue at 1.627 billion yuan, showing a year-on-year growth of 3.64% [5] - The net profit for Q3 2025 was 214 million yuan, representing a significant year-on-year increase of 31.22% [5] - The company maintains its profit forecasts for 2025-2027, expecting net profits of 858 million, 980 million, and 1.077 billion yuan respectively, with corresponding EPS of 1.85, 2.12, and 2.33 yuan per share [5] Market Expansion and Product Development - The company has successfully delivered 7 units of pure electric non-road dump trucks to Rio Tinto, marking a significant step in its overseas market expansion [7] - The collaboration with multiple autonomous driving development companies is expected to facilitate the commercialization of autonomous products in mining areas [6] - The company sold over 2,700 vehicles in the first half of 2025, with approximately 55% being new energy vehicles, half of which are autonomous driving products [6] Valuation Metrics - The company's total market capitalization is approximately 10.592 billion yuan, with a circulating market value of 7.982 billion yuan [3] - The projected P/E ratios for 2025-2027 are 12.3, 10.8, and 9.8 times respectively, indicating a favorable valuation outlook [5][9]

证券代码：920599 证券简称：同力股份 公告编号：2025-130 陕西同力重工股份有限公司 2025 年第三季度报告业绩说明会预告公告 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、 说明会类型 陕西同力重工股份有限公司（以下简称"公司"）于 2025 年 10 月 28 日在北 京证券交易所官网（www.bse.cn）披露了《陕西同力重工股份有限公司 2025 年 年第三季度报告》（公告编号：2025-128）,为方便广大投资者更深入了解公司 2025 年第三季度经营业绩的具体情况，进一步加强与投资者的互动交流，公司 拟召开 2025 年第三季度报告网上业绩说明会。 二、 说明会召开的时间、地点 （一）会议召开时间：2025 年 11 月 5 日（周三）下午 15:00-16:00。 （二）会议召开地点 本次 2025 年第三季度报告业绩说明会将采用网络方式召开，投资者可登陆 全景路演平台（https://ir.p5w.net）参与本次第三季度报告业绩说明会。 三、 参加人员 公司董事长& ...