薪酬与考核委员会对董事会负责，依照《公司章程》和董事会授权履行职责， 薪酬与考核委员会的提案应当提交董事会审议决定。 安徽合力股份有限公司 董事会薪酬与考核委员会实施细则 （2024 年修订版） 第一章 总则 第一条 为进一步建立健全公司董事（非独立董事）及高级管理人员（以下 简称经理人员）的考核和薪酬管理制度，完善公司治理结构，根据《中华人民共 和国公司法》《上市公司治理准则》《上海证券交易所上市公司自律监管第 1 号 指引——规范运作》《公司章程》及其他有关规定，公司特设立董事会薪酬与考 核委员会，并制定本实施细则。 第二条 薪酬与考核委员会是董事会按照股东会决议设立的专门工作机构， 主要负责制定公司董事及经理人员的考核标准并进行考核；负责制定、审查公司 董事及经理人员的薪酬政策与方案，对董事会负责。 第三条 本细则所称董事是指在本公司支取薪酬的董事长、董事，经理人员 是指董事会聘任的总经理、副总经理、董事会秘书及由总经理提请董事会认定的 其他高级管理人员。 第二章 人员组成 第四条 薪酬与考核委员会成员由三名董事组成，独立董事过半数。 第五条 薪酬与考核委员会委员由董事长、二分之一以上独立董事或者全体 ...

安徽合力股份有限公司 股东会议事规则 （2024 年修订版） 第一章 总则 第一条 为规范安徽合力股份有公司（以下简称"公司"）行为,保证股东会 依法行使职权,根据《中华人民共和国公司法》(以下简称《公司法》)、《中华 人民共和国证券法》(以下简称《证券法》)、《上市公司股东大会规则》（以下 简称《股东大会规则》）、《上海证券交易所股票上市规则》（以下简称《股票 上市规则》）、《上海证券交易所上市公司自律监管指引第 1 号——规范运作》 和《安徽合力股份有限公司章程》（以下简称《公司章程》）等规定，制定本规 则。 第二条 公司应当严格按照法律、行政法规及《公司章程》的相关规定召开 股东会,保证股东能够依法行使权利。 公司董事会应当切实履行职责,认真、按时组织股东会。公司全体董事应当 勤勉尽责,确保股东会正常召开和依法行使职权。 第三条 股东会应当在《公司法》和《公司章程》规定的范围内行使职权。 主要有： （二）审议批准董事会的报告； （三）审议批准监事会的报告； （四）审议批准公司的利润分配方案和弥补亏损方案； （五）对公司增加或者减少注册资本作出决议； （六）审议批准公司重大收购、收购本公司股票或者合并、分 ...

证券代码：600761 证券简称：安徽合力 公告编号：临 2024-107 安徽合力股份有限公司 关于使用部分暂时闲置募集资金 进行现金管理的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 重要内容提示： 履行的审议程序：安徽合力股份有限公司（以下简称"公司"）于 2024 年 1 月 19 日召开第十届董事会第三十次会议审议通过了《关于使用部分暂时闲置 募集资金进行现金管理的议案》，在确保不影响募投项目建设和募集资金使用的 前提下，同意公司使用部分暂时闲置募集资金进行现金管理，现金管理总额不超 过人民币 130,000 万元（含），用于购买结构性存款、大额存单等安全性高及流 动性好的保本型产品，使用期限自董事会审议通过之日起 12 个月内有效。 特别风险提示：公司本次使用暂时闲置募集资金购买的现金管理产品安全性 高、流动性好，属于保本浮动收益型的银行理财产品。 1 本次现金管理产品种类：结构性存款 本次现金管理受托方：杭州银行股份有限公司合肥分行（以下简称"杭州银 行"） 本次现金管理金额：13,000 万元 ...

证券代码：600761 证券简称：安徽合力 公告编号：临 2024-106 安徽合力股份有限公司 关于使用部分暂时闲置募集资金进行现金管理 到期赎回的公告 | 序号 | 现金管理产品类型 | 实际投入 | 实际收 | 实际收益 | 尚未收回 | | --- | --- | --- | --- | --- | --- | | | | 金额 | 回本金 | | 本金 | | 1 | 农业银行通知存款 | 139,000 | 139,000 | 2,438.77 | 0 | | 2 | 工商银行定期存款 | 100,000 | 100,000 | 800.00 | 0 | | 3 | 工商银行通知存款 | 30,000 | 30,000 | 132.92 | 0 | | 4 | 兴业银行结构性存款 | 30,000 | 30,000 | 207.95 | 0 | | 5 | 兴业银行结构性存款 | 23,000 | 23,000 | 49.34 | 0 | | 6 | 浙商银行结构性存款 | 50,000 | 50,000 | 7.29 | 0 | | 7 | 中国银行结构性存款 | 10,200 | / | / ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 18.33 CNY [4][3] Core Insights - In Q3 2024, the company experienced a slight revenue decline, with total revenue of 4.4 billion CNY, down 0.3% year-on-year and 6.46% quarter-on-quarter. The net profit attributable to shareholders was 298 million CNY, down 9.18% year-on-year and up 27.93% quarter-on-quarter [2] - The overall gross margin for Q3 2024 was 21.42%, an increase of 0.26 percentage points year-on-year but a decrease of 1.04 percentage points quarter-on-quarter. The net profit margin was 7.26%, down 0.83 percentage points year-on-year and 2.34 percentage points quarter-on-quarter [2] - The company is actively expanding its overseas presence and business chain, with the establishment of a new company in Oceania and plans for a European headquarters and a research center in Germany, which are expected to enhance its international operational capabilities and market competitiveness [2] Financial Performance Summary - For the first three quarters of 2024, the company achieved total revenue of 13.41 billion CNY, a year-on-year increase of 2.11%, and a net profit of 1.1 billion CNY, up 11.63% year-on-year [2] - The company’s total sales of forklifts from January to September 2024 reached 970,700 units, a year-on-year increase of 10.8%, with domestic sales of 616,000 units (up 6.2%) and exports of 354,000 units (up 19.9%) [2] - The report forecasts the company's net profit attributable to shareholders for 2024, 2025, and 2026 to be 1.453 billion CNY, 1.736 billion CNY, and 2.018 billion CNY respectively, reflecting a downward adjustment in revenue predictions but an upward adjustment in gross margin forecasts [3]

Investment Rating - The report maintains an "Accumulate" rating for the company [2][4]. Core Views - The company reported a revenue of 13.409 billion yuan for the first three quarters of 2024, reflecting a year-on-year increase of 2.11%. The net profit attributable to shareholders was 1.101 billion yuan, up 11.63% year-on-year [3]. - The company is facing short-term pressure on performance due to domestic demand constraints, with a decline in revenue and profit in Q3 2024 compared to previous quarters [3]. - The gross margin improved by 1.29 percentage points to 21.53%, while the expense ratio increased by 1.75 percentage points to 12.66% [3]. - The company is actively expanding its international presence, with overseas revenue reaching 3.486 billion yuan in H1 2024, a year-on-year growth of 20.52%, accounting for 38.69% of total revenue [3]. - Strategic emerging businesses are being developed, including high-end casting projects and new energy lithium battery production, alongside digital transformation initiatives [3]. Financial Summary - The projected revenue for 2024-2026 is 17.779 billion, 19.392 billion, and 21.301 billion yuan, with year-on-year growth rates of 1.77%, 9.07%, and 9.84% respectively [4][5]. - The net profit attributable to shareholders is expected to be 1.416 billion, 1.546 billion, and 1.739 billion yuan for the same period, with growth rates of 10.76%, 9.18%, and 12.52% respectively [4][5]. - The company's price-to-earnings (P/E) ratios for 2024-2026 are projected to be 12.01, 11.00, and 9.78 times [4][5].

Investment Rating - The investment rating for the company is "Outperform the Market" [2][11][21] Core Views - The company reported a revenue of 13.409 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 2.11%. The net profit attributable to the parent company was 1.101 billion yuan, up 11.63% year-on-year [6] - The company is accelerating its international expansion and expects domestic recovery, with a focus on electric and overseas markets [9] - The company maintains a robust profitability with a gross margin of 21.53% and a net margin of 8.82% for the first three quarters of 2024 [7] Financial Performance - For Q3 2024, the company achieved a revenue of 4.4 billion yuan, a slight decrease of 0.11% year-on-year, and a net profit of 298 million yuan, down 9.18% year-on-year [6] - The company’s gross margin and net margin for Q3 2024 were 21.42% and 7.26%, respectively [7] - The company’s operating cash flow for the first three quarters of 2024 was 258 million yuan, a significant decline of 75.58% year-on-year due to increased cash payments for goods and services [8] Market Expansion - The company has accelerated its international layout since July 2024, establishing overseas centers and increasing exports, with overseas revenue accounting for 40% of total revenue in the first half of 2024 [9] - The company has a presence in over 100 countries and regions, with a market share of over 30% in more than 30 countries [9] Revenue and Profit Forecast - The company is projected to achieve revenues of 17.85 billion yuan in 2024, 20.18 billion yuan in 2025, and 22.63 billion yuan in 2026, with year-on-year growth rates of 2.17%, 13.08%, and 12.09% respectively [11][14] - The net profit attributable to the parent company is expected to reach 1.417 billion yuan in 2024, 1.677 billion yuan in 2025, and 1.961 billion yuan in 2026, with growth rates of 10.85%, 18.37%, and 16.93% respectively [11][14] Valuation - The company is assigned a PE valuation of 13-15 times for 2024, with a reasonable price range of 20.68-23.86 yuan per share, translating to a market value range of 184-213 billion yuan [11][21]

Investment Rating - The report maintains a "Buy" rating for Anhui Heli [8][6] Core Views - The forklift industry in China experienced a year-on-year export volume increase of 20.4%, indicating that the company's foreign sales revenue is likely to continue growing rapidly [4][5] - The company's gross profit margin improved by 0.26 percentage points year-on-year to 21.42%, primarily due to an increase in overseas sales proportion and product structure optimization [5][6] - The company achieved a revenue of 13.409 billion yuan in the first three quarters of 2024, a year-on-year increase of 2.11%, and a net profit of 1.101 billion yuan, up 11.63% year-on-year [3][4] Summary by Sections Revenue and Profitability - In Q3 2024, the company reported a revenue of 4.4 billion yuan, a slight decrease of 0.11% year-on-year, and a net profit of 298 million yuan, down 9.18% year-on-year [3][4] - The company’s net profit margin in Q3 was 7.26%, a decrease of 0.83 percentage points year-on-year, attributed to increased expenses from overseas expansion [5][6] Market Outlook - The domestic forklift market is expected to recover gradually, supported by stable growth policies and ongoing trends of machinery replacing labor [6] - The company is focusing on high-value-added products, including large-tonnage and new energy products, which are anticipated to drive future growth [6][4] Future Projections - The company is projected to achieve a net profit of 1.453 billion yuan in 2024 and 1.808 billion yuan in 2025, corresponding to price-to-earnings ratios of 11x and 9x, respectively [6][10]

Investment Rating - The report maintains a "Buy" rating for the company, with a target price adjusted to 23.36 yuan, down from the previous 26.50 yuan [5][11]. Core Viewpoints - The company is experiencing short-term pressure on performance due to domestic market conditions, but there is optimism regarding the growth of export demand, which is expected to drive future performance [2][3]. - The company has made significant progress in internationalization, electrification, and lithium battery technology, leading to continuous improvement in product and market structure [2][3]. Summary by Relevant Sections Financial Performance - For the first three quarters of 2024, the company reported revenue of 13.409 billion yuan, a year-on-year increase of 2.11%, and a net profit attributable to shareholders of 1.101 billion yuan, up 11.63% year-on-year [3]. - The gross profit margin for the first three quarters was 21.53%, an increase of 1.29 percentage points, attributed to the expansion of overseas business and the rising sales proportion of high-margin electric products [3]. Market Conditions - The domestic forklift market is under short-term pressure, with total forklift sales from January to September 2024 reaching 971,000 units, a year-on-year increase of 10.8%. However, domestic sales were 616,000 units, up 6.2% year-on-year, indicating a decline in sales in September [3][4]. - The company is actively expanding its overseas presence, having established operations in Oceania and South America, and is planning a European headquarters and a research center in Germany [3]. Future Outlook - The company has revised its earnings per share (EPS) forecasts for 2024-2026 to 1.61, 1.83, and 1.90 yuan, respectively, down from previous estimates of 1.79, 2.05, and 2.32 yuan [3][11]. - The report highlights a strong outlook for export trends, suggesting that the company will benefit from sustained demand in international markets [11].

Investment Rating - The report maintains a "Buy" rating for the company, with a target price set at 18.59 CNY per share, indicating a potential upside in the next six months [5]. Core Views - The company has shown resilience in growth despite facing pressure from domestic sales, with a year-on-year revenue increase of 2.11% and a net profit increase of 11.63% for the first three quarters of 2024 [1]. - The company is accelerating its industrial layout optimization and expanding strategic emerging businesses, with significant growth in its component business and intelligent logistics [3]. - The company is enhancing its marketing system and advancing its internationalization strategy, including the establishment of overseas headquarters and R&D centers [4]. - Profit forecasts for the company indicate a net profit of 14.6 billion CNY in 2024, increasing to 20.6 billion CNY by 2026, reflecting a positive outlook on internationalization and electrification trends [4]. Financial Performance Summary - For the first three quarters of 2024, the company achieved a revenue of 134.09 billion CNY, with a net profit of 11.01 billion CNY, and a gross margin of 21.53% [1]. - In Q3 2024, the company reported a revenue of 44.0 billion CNY, with a net profit of 2.98 billion CNY, showing a decline compared to the previous quarter [2]. - The company’s gross margin for Q3 2024 was 21.42%, with a net margin of 7.26% [2]. - The company’s financial projections show a steady increase in revenue and net profit from 2022 to 2026, with a projected revenue of 22.16 billion CNY in 2026 [7][8].