宇通重工股份有限公司 证券代码：600817 证券简称：宇通重工 公告编号：临 2025-038 关于召开2024年度股东大会的通知 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法律责任。 重要内容提示： 股东大会召开日期：2025年6月25日 本次股东大会采用的网络投票系统：上海证券交易所股东大 会网络投票系统 一、召开会议的基本情况 (一)股东大会类型和届次 2024年度股东大会 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和 网络投票相结合的方式 (四)现场会议召开的日期、时间和地点 至2025 年 6 月 25 日 采用上海证券交易所网络投票系统，通过交易系统投票平台 的 投 票 时 间 为 股 东 大 会 召 开 当 日 的 交 易 时 间 段 ， 即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联网投票平台的投票时 间为股东大会召开当日的 9:15-15:00。 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的 投票程序 1 涉及融资融券、转融通业 ...

会议审议并通过了以下议题： 1、3 票同意，0 票反对，0 票弃权；审议通过了《关于<公司 2025 年限制性股票激励计划（草案）>及其摘要的议案》。 经审核，监事会认为：《公司 2025 年限制性股票激励计划（草 案）》及其摘要的内容符合《中华人民共和国公司法》《中华人民 共和国证券法》《上市公司股权激励管理办法》等有关法律、法规 和规范性文件以及《公司章程》的相关规定。本次激励计划的实 施将有利于健全公司长效激励机制，增强公司董事、中高级管理 人员的责任心、使命感，更好地调动员工的积极性和创造性，有 利于公司的持续发展，不存在损害公司及全体股东利益的情形。 证券代码:600817 证券简称：宇通重工 编号：临 2025-036 宇通重工股份有限公司 第十一届监事会第三十七次会议决议公告 本公司监事会及全体监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法律责任。 宇通重工股份有限公司（以下简称"公司"）第十一届监事会 第三十七次会议于 2025 年 6 月 4 日以邮件方式发出通知，2025 年 6 月 4 日以现场结合通讯方式召开，应参会监事 3 名 ...

证券代码:600817 证券简称：宇通重工 编号：临 2025-035 宇通重工股份有限公司 第十二届董事会第五次会议决议公告 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法律责任。 宇通重工股份有限公司（以下简称"公司"）第十二届董事会 第五次会议于 2025 年 6 月 4 日以邮件方式发出通知，2025 年 6 月 4 日以现场结合通讯方式召开，应参会董事 9 名，实际参会 9 名。 会议由董事长晁莉红女士主持，表决方式符合公司章程及有关法 律法规的规定。 会议审议并通过了以下议题： 2、4 票同意，0 票反对，0 票弃权；审议通过了《关于<公司 2025 年限制性股票激励计划实施考核管理办法>的议案》。 详见公司在上海证券交易所网站（www.sse.com.cn）上披露的 《公司 2025 年限制性股票激励计划实施考核管理办法》。 关联董事陈红伟先生、胡文波先生、张明威先生、盛肖先生、 楚义轩先生回避表决。 本议案已经董事会薪酬与考核委员会审议通过。 1、4 票同意，0 票反对，0 票弃权；审议通过了《关于<公司 2025 年 ...

宇通重工股份有限公司 董事会薪酬与考核委员会 2、最近 12 个月内被中国证券监督管理委员会及其派出机构认定 为不适当人选； 3、最近 12 个月内因重大违法违规行为被中国证券监督管理委员 1 关于公司 2025 年限制性股票激励计划相关事项的核查意见 宇通重工股份有限公司（以下简称"公司"）第十二届董事会薪 酬与考核委员会根据《中华人民共和国公司法》《中华人民共和国证 券法》《上市公司股权激励管理办法》等相关法律、法规和规范性文 件以及《公司章程》的有关规定，对《公司 2025 年限制性股票激励 计划（草案）》（以下简称"《激励计划（草案）》"）、《公司 2025 年限制性股票激励计划实施考核管理办法》（以下简称"《考核 管理办法》"）以及《公司 2025 年限制性股票激励计划激励对象名 单》进行了仔细阅读和审核，现发表核查意见如下： （一）《激励计划（草案）》的内容符合《中华人民共和国公司 法》《中华人民共和国证券法》《上市公司股权激励管理办法》等有 关法律、法规和规范性文件以及《公司章程》的有关规定，履行了相 关的法定程序，有利于公司的持续发展，不存在损害公司及全体股东 利益的情形。 （二）《考核管理办 ...

Group 1 - The food and beverage sector experienced a midday rally, with new consumption stocks, particularly in beauty care and beverages, leading the gains. Water Sheep Co. surged to a 20% limit up, while other stocks like Happy Home, New Dairy, Junyao Health, and Zhou Dazheng also hit limit up previously. Stocks such as Liziyuan, Dongpeng Beverage, Yong'an Pharmaceutical, Qingsong Co., and Mingpai Jewelry rose over 5% [3] - BYD's stock in Hong Kong saw a decline of over 3% at one point, with trading volume exceeding 2.8 billion HKD. In the A-share market, BYD's decline expanded to 2%, with trading volume surpassing 4.6 billion CNY [4] Group 2 - The concept of autonomous sanitation vehicles gained traction in the A-share market, attracting market attention. Several companies are involved in this field [5] - Qidi Environment reported that autonomous sanitation vehicles have achieved demonstration operations in key projects. Yutong Heavy Industry indicated that the revenue from autonomous products will be low in 2024, and the market for such products is still in the exploratory phase, influenced by market demand and policy changes [6] - Fulongma launched the world's first autonomous intelligent cleaning robot based on a skateboard chassis, which has been implemented in over 30 cities across 15 provinces in China. Yingfeng Environment offers a variety of robotic equipment, including autonomous cleaning robots and solar cleaning robots, with operations already established in cities like Shenzhen, Changsha, and Suzhou [6]

Investment Rating - The report maintains a "Positive" investment rating for the environmental protection industry [11] Core Insights - The environmental protection industry is experiencing a recovery in market conditions, with a notable increase in sales of sanitation equipment, particularly in the new energy segment, which saw a year-on-year growth of 81.9% in the first four months of 2025 [2][6][22] - The penetration rate of new energy sanitation equipment has risen to 14.7%, driven by declining battery costs and supportive government policies [6][26] - Major companies in the industry, such as Yingfeng Environment and Yutong Heavy Industries, are accelerating their electrification and intelligent transformation efforts [2][9] Summary by Sections Industry Overview - In Q1 2025, national spending on energy conservation and environmental protection reached 130.2 billion yuan, a year-on-year increase of 6.5% [16] - The sales volume of sanitation equipment in 2024 decreased by 8.1% due to local fiscal pressures, but showed signs of recovery with a 4.0% year-on-year increase in the first four months of 2025 [6][22] New Energy Equipment Growth - New energy sanitation equipment sales reached 3,782 units in the first four months of 2025, marking an 81.9% increase compared to the previous year [6][26] - The economic viability of new energy sanitation equipment is becoming evident, with many applications nearing cost parity, which is expected to drive rapid sales growth [28][29] Market Dynamics - The market concentration for sanitation equipment remains high, with the top 10 companies holding a 54.5% market share as of early 2025 [7][31] - Yingfeng Environment leads the market with a 14.7% share, while its new energy equipment market share stands at 32% [7][34] Technological Advancements - The industry is witnessing a shift towards automation and robotics, with companies exploring humanoid sanitation robots to enhance operational efficiency [40][49] - The introduction of autonomous driving technology in sanitation services is gaining traction, addressing labor shortages and operational costs [40][41] Policy Support - The second batch of electric vehicle pilot programs in public sectors has been launched in 10 second- and third-tier cities, aiming to add over 250,000 new energy vehicles [8][39] - The ongoing push for electrification in public service vehicles is expected to significantly boost the demand for new energy sanitation equipment [39] Investment Opportunities - Yingfeng Environment and Yutong Heavy Industries are highlighted as key investment opportunities due to their leading market positions and growth potential in the new energy segment [9][51]

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法律责任。 为进一步加强与投资者的互动交流，宇通重工股份有限公司 定于 2025 年 5 月 22 日(周四)15:25-16:55 参加在全景网举办的河 南辖区上市公司 2025 年投资者网上集体接待日活动，本次活动将 采用网络远程方式举行，投资者可登录"全景•路演天下" (http://rs.p5w.net)参与本次互动交流。 证券代码：600817 证券简称：宇通重工 编号：临 2025-034 宇通重工股份有限公司 关于参加河南辖区上市公司 2025 年投资者网上集体接待日活动的公告 宇通重工股份有限公司董事会 二零二五年五月十六日 1 出席本次网上集体接待日活动的人员有：董事会秘书王东新 先生、证券事务代表刘朋先生(如有特殊情况，参会人员将可能进 行调整)，欢迎广大投资者积极参与。 特此公告。 ...

Industry Overview - The market size of China's mining vehicle industry has shown steady growth, reaching approximately 68.67 billion yuan in 2023 and expected to rise to 73.68 billion yuan in 2024, representing a year-on-year growth of 7.3% [1][12] - The quality of mining vehicles has significantly improved over the years, with stricter controls in raw material selection, manufacturing processes, and product testing [1][12] - The continuous growth in demand for mineral resources in China will further drive the expansion of the mining vehicle market [1][12] Industry Definition and Classification - Mining vehicles are specialized vehicles designed for mining operations, used for transporting ores, rocks, coal, and personnel in various mining environments [2] - These vehicles must adapt to harsh conditions such as rough terrain, steep slopes, dust, moisture, and extreme temperatures, requiring high load capacity, reliability, and safety [2] Industry Chain Analysis - The mining vehicle industry chain integrates resources and technology, focusing on raw materials and core component supply, including steel, aluminum alloys, and electronic components [4] - The midstream segment is dominated by traditional giants and cross-industry companies, developing a full spectrum of products covering fuel, electric, hydrogen, and hybrid power [4] - The downstream applications extend to mining operations, engineering contracting, and maintenance services, promoting resource recycling and low-carbon, efficient transportation [4] Development History - The mining vehicle industry in China has evolved over 70 years, transitioning from technology imitation to global leadership, with significant advancements in electric and autonomous technologies [6] - The industry has shifted from a "selling vehicles" model to a "selling services" model, with a global market share exceeding 30% [6] Current Industry Status - The mining vehicle industry is experiencing steady growth, with significant improvements in product quality and stricter manufacturing processes [12] - The Belt and Road Initiative has led to increased overseas mining investments by Chinese companies, providing opportunities for domestic mining vehicle manufacturers to expand their market [12] Key Companies Analysis - Northern Heavy Industries focuses on high-end mining vehicles, with a revenue of 2.403 billion yuan in 2023, growing by 7.52% [16] - SANY Heavy Industry has a diverse product line and strong intelligent service system, with a revenue of 5.86 billion yuan in 2023, increasing by 12.65% [18] - XCMG Machinery leverages its comprehensive advantages for steady development in product diversification and international market layout [14] Future Development Trends - The industry is moving towards intelligent mining vehicles that integrate advanced technologies for automation and efficient management [20] - Lightweight design and high-strength materials are becoming crucial, enhancing fuel efficiency and operational performance [21][22] - Energy transformation is essential, with electric and hydrogen fuel cell mining vehicles emerging as key solutions to reduce environmental impact and operational costs [23]

Investment Rating - The investment rating for the company is "Accumulate" and is maintained [8] Core Views - In Q1 2025, the company achieved operating revenue of 707 million yuan, a year-on-year increase of 0.79%, and a net profit attributable to shareholders of 52 million yuan, representing a year-on-year growth of 62.47%. The non-recurring net profit attributable to shareholders was 40 million yuan, up 51.09% year-on-year. The significant profit increase was mainly driven by a reduction in asset impairment and a reversal of credit impairment, which collectively impacted pre-tax profit by 66.55 million yuan [2][6][11] - The company's gross margin continued to decline, while the expense ratio slightly increased. The company has recently announced plans to sell its sanitation service business to focus on its core equipment business, which is expected to enhance its competitive advantage and drive performance recovery in the long term [2][11] Summary by Sections Financial Performance - In Q1 2025, the company reported a total of 17,600 sanitation equipment insured, a year-on-year increase of 3.3%. The new energy sanitation equipment insured reached 2,631 units, up 78.1% year-on-year, indicating a recovery from the previous downturn. The overall insured volume for the company decreased by 29.8%, but revenue remained stable, suggesting that products were sold but not yet insured by clients [11] - The asset impairment loss for Q1 2025 was 7.92 million yuan, a decrease of 10.23 million yuan compared to the same period last year. The reversal of credit impairment due to historical accounts receivable increased revenue by 56.33 million yuan, contributing significantly to the profit increase [11] Cost and Expense Analysis - The comprehensive gross margin in Q1 2025 decreased by 4.4 percentage points to 19.1%, primarily due to intensified industry competition. The company's expense ratio increased by 3.3 percentage points, with sales expenses rising by 1.7 percentage points and management expenses (including R&D) increasing by 0.9 percentage points [11] - The cash flow situation has improved, with a cash collection ratio of 113.13% in Q1 2025, compared to 111.53% for the entire year of 2024, indicating healthy cash flow management [11] Strategic Focus - The company announced on April 23 its intention to sell 85% of its sanitation service subsidiary, aiming to focus on its core manufacturing business of new energy sanitation equipment and mining equipment. This strategic move is expected to enhance operational quality and avoid competition with sanitation service clients [11] - The long-term outlook for the company remains positive, as it possesses integrated manufacturing capabilities for chassis and superstructure, which provide cost advantages. The company has demonstrated strong cost control amid rising raw material prices and is expected to benefit from the low penetration rate of new energy equipment in the market [11] - The projected net profits attributable to shareholders for 2025-2027 are estimated at 280 million yuan, 380 million yuan, and 460 million yuan, corresponding to price-to-earnings ratios of 21x, 15x, and 13x, respectively [11]

被担保人名称：郑州宇通重工有限公司（以下简称"重工有 限"），系宇通重工股份有限公司（以下简称"公司"）全资子公司； 宇通重型装备有限公司（以下简称"宇通重装"），系公司控股子 公司。 担保人名称：宇通重工股份有限公司。 本次担保金额及已实际为其提供的担保余额：中国光大银行 股份有限公司（以下简称"光大银行"）为公司提供授信额度，公 司分别授权重工有限、宇通重装以其自身名义使用其中 1.05 亿元、 0.20 亿元的授信额度，并对其使用上述授权范围内的融资综合授 信所负的全部债务承担连带偿还义务。截至本公告披露日，公司 及控股子公司已实际为重工有限、宇通重装提供的担保余额（不 含本次）为 0 亿元。 本次担保是否有反担保：无。 公司不存在对外担保逾期的情况。 证券代码:600817 证券简称：宇通重工 编号：临 2025-033 宇通重工股份有限公司 关于为子公司提供担保的进展公告 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法律责任。 重要内容提示: 一、担保情况概述 （一）本次担保事项基本情况 为满足公司子公司业务发展需要，公司于 ...