证券代码:600817 证券简称：宇通重工 编号：临 2025-063 宇通重工股份有限公司 关于就子公司股权转让事项签署补充协议的公告 为进一步聚焦公司战略，整合公司资源、优化资产结构，公 司于2024年11月28日召开第十一届董事会第三十一次会议，审议 通过了《关于出售控股子公司股权暨被动形成财务资助的议案》， 同意公司全资子公司郑州宇通环保科技有限公司（以下简称"环 保科技"）将所持郑州绿源餐厨垃圾处理有限公司（以下简称"郑 州绿源"或"目标公司"）51%的股权以6,992.64万元的价格转让给 山高十方环保能源集团有限公司（以下简称"山高十方"）。同日， 环保科技、郑州绿源与山高十方签署了《关于郑州绿源餐厨垃圾 处理有限公司之股权转让协议》（以下简称"原股权转让协议"） 等相关法律文件，股权转让事项待郑州市城管局批准后生效。具 体内容详见公司于2024年11月30日在上海证券交易所网站上 （www.sse.com.cn）披露的《关于出售控股子公司股权暨被动形成 财务资助的公告》（临2024-079）。 近期，郑州市城市管理局已出具《关于郑州绿源餐厨垃圾处 理有限公司转让项目股权的批复》，同意本次股权转 ...

宇通重工发布公告，全资子公司郑州宇通环保科技有限公司将所持郑州绿源餐厨垃圾处理有限公司51% 股权以约0.70亿元转让予山高十方环保能源集团有限公司，控股权变更已获政府批复。此次签署补充协 议，明确2025-2027年如餐厨废弃物处理服务费标准调整，交易对价可按约定公式调整，最高调整金额 不超过750万元。 ...

Investment Highlights - The report highlights significant acceleration in national subsidies recovery for the environmental sector in July-August 2025, with Everbright receiving 2.064 billion yuan, surpassing the 1.534 billion yuan received in the same period of 2024 [1][4] - The solid waste sector has shown improvements in return on equity (ROE) and cash flow, with a 1% increase in revenue and an 8% increase in net profit for the first half of 2025 [5][6] - The report recommends several companies for investment, including Hanlan Environment, Green Power, and Everbright Environment, among others [2] Solid Waste Sector Insights - The solid waste sector's performance in the first half of 2025 includes a 9% increase in operating cash flow, reaching 6.9 billion yuan, and a 24% increase in free cash flow compared to the first half of 2024 [5][6] - The average waste incineration companies saw a 1.8% increase in tonnage output and a 1.2% increase in grid-connected output in the first half of 2025 [5][6] - Companies are expanding their operations and improving efficiency, with notable increases in heating supply rates for several firms [5][6] Water Sector Analysis - The water sector is expected to experience a cash flow turnaround, with a projected increase in free cash flow for companies like Xingrong and Shouchuang starting in 2026 [6] - Price reforms in water services are anticipated to enhance growth and valuation, with recent price adjustments in cities like Guangzhou and Shenzhen [6] Sanitation Sector Developments - The penetration rate of electric sanitation vehicles is accelerating, with a 77.6% increase in sales of new energy sanitation vehicles in the first seven months of 2025 [7][8] - The report notes a significant rise in the number of automated sanitation projects, indicating a growing trend towards automation in the sector [7][8] Industry Tracking - The report tracks the performance of various sectors, including the increase in sales of sanitation vehicles and the profitability of biodiesel production, with a notable rise in the price of used cooking oil [8] - Lithium battery recycling is also highlighted, with improvements in profitability due to changes in pricing for lithium and cobalt [8]

证券代码：600817 证券简称：宇通重工 公告编号：临 2025-062 关于 2024 年限制性股票激励计划第一个解除限售期 解锁暨上市的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下， 上市股数为1,995,000股。 本次股票上市流通总数为1,995,000股。 本次股票上市流通日期为2025 年 9 月 18 日。 宇通重工股份有限公司 一、2024 年限制性股票激励计划批准及实施情况 （一）2024 年限制性股票激励计划批准及授予情况 1、2024年6月20日，公司召开第十一届董事会第二十六次会 议，审议通过了《关于<公司2024年限制性股票激励计划（草案）> 及其摘要的议案》等相关议案，公司监事会出具了核查意见。 3、2024年7月19日，公司召开第十一届董事会第二十八次会 议，审议通过了《关于向公司2024年限制性股票激励计划激励对 象授予限制性股票的议案》，授予日为2024年7月19日，授予价格 为人民币4.28元/股。2024年9 ...

北京市通商律师事务所 关于宇通重工股份有限公司 2024 年限制性股票激励计划 第一个解除限售期解锁条件成就及 回购注销部分限制性股票相关事项的 法律意见书 二零二五年四月 释 义 除另有所指，本法律意见书所使用下列词语具有的含义如下： | 宇通重工、公司 | 指 | 宇通重工股份有限公司 | | --- | --- | --- | | 本计划、本激励计划、 | | | | 激励计划 | 指 | 宇通重工股份有限公司 年限制性股票激励计划 2024 | | 《激励计划（草案）》、 | 指 | 宇通重工股份有限公司 2024 年限制性股票激励计划（草案） | | 本计划草案 | | | | 限制性股票/标的股 票 | 指 | 公司按照本计划约定的条件和计划授予激励对象一定数量的公 司股票，该等股票设置一定期限的限售期，在达成本计划规定的 | | | | 解除限售条件后，方可解除限售进行流通 | | 激励对象 | 指 | 根据本计划获授限制性股票的人员 | | 授予日 | 指 | 公司向激励对象授予限制性股票的日期，授予日必须为交易日 | | 授予价格 | 指 | 公司授予激励对象每一股限制性股票的价格 | | ...

Group 1 - The core viewpoint of the article highlights the performance and trends in China's metal products industry, particularly focusing on export values and growth rates [1] - In May 2025, the export value of the national metal products industry was 41.86 billion yuan, showing a year-on-year decline of 6.8% [1] - Cumulatively, from January to May 2025, the total export value reached 203.64 billion yuan, reflecting a year-on-year growth of 4% [1] Group 2 - The article references several listed companies in the metal products sector, including Jingda Co., Ltd. (600577), Jinggong Steel Structure (600496), Southeast Network Frame (002135), and others [1] - The data presented is sourced from the National Bureau of Statistics and compiled by Zhiyan Consulting, indicating the reliability of the information [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research and providing comprehensive consulting services [1]

Core Insights - The article highlights the transformation in the construction equipment sector towards renewable energy, with Yutong Heavy Industry positioning itself as a leader in this shift [1][2]. Group 1: Company Strategy and Market Position - Yutong Heavy Industry aims to create advantages in niche markets by focusing on value rather than price competition, emphasizing innovation and efficiency in their products [1][4]. - The company has shifted its focus from traditional heavy machinery to renewable energy equipment, launching several pioneering products since 2014, including the first electric mining truck and electric rotary drilling rig [2][3]. - Yutong Heavy Industry's revenue for the first half of 2025 reached 1.66 billion yuan, a 12.07% increase year-on-year, with net profit growing by 42.54% to 119 million yuan [2]. Group 2: Technological Advancements - The company has established a robust innovation chain centered on technology and product development, leading to superior performance and adaptability of their renewable energy products [3][5]. - Yutong Heavy Industry invests 5% of its annual revenue in research and development to stay ahead in key technologies such as fuel cells, autonomous driving, and efficient operation systems [5]. Group 3: Market Trends and Growth Drivers - The penetration of renewable energy equipment is expected to continue, with the sanitation equipment sector showing a significant increase in new energy vehicle registrations, up 91.6% year-on-year [6]. - The application of smart and connected technologies, along with autonomous driving, is becoming increasingly prevalent in Yutong Heavy Industry's products, contributing to future growth [6]. - The company is expanding its international market presence, exporting products to 29 countries, which is anticipated to become a significant source of revenue and profit [6].

Core Insights - The rapid development of China's economy has significantly boosted the demand for road maintenance vehicles, with production expected to increase from 627 units in 2019 to 740 units by 2024 [1][7]. Industry Overview - Road maintenance vehicles are specialized vehicles designed for road maintenance tasks, including various types such as synchronous chip sealers, asphalt spreaders, and road repair vehicles [2]. - The industry is categorized into four main types based on maintenance processes: sealing operations, damage repair, cleaning maintenance, and regeneration treatment [2]. Industry Policies - Government policies are increasingly supporting the road maintenance vehicle sector, as seen in the 2024 action plan aimed at upgrading road maintenance machinery and emergency equipment [3]. - The implementation of the "Rural Road Regulations" emphasizes the establishment of maintenance responsibilities at the county level, enhancing maintenance standards and extending the lifespan of roads [3]. Industry Development History - The road maintenance vehicle industry in China has evolved through four stages: initial stage, preliminary development, rapid development, and transformation and upgrading [4]. - The industry saw significant growth in the 21st century due to increased government investment in road infrastructure, leading to a surge in demand for maintenance vehicles [5]. Industry Supply Chain - The supply chain for road maintenance vehicles includes raw materials such as steel, rubber, and coatings, which are crucial for production quality [6]. - Key manufacturers in the midstream include companies like Fulongma, Aerospace Chenguang, and Xugong Machinery, while the downstream applications primarily involve highways, national and provincial roads, and rural roads [6]. Market Competition - The road maintenance vehicle market features a diverse range of players, including state-owned enterprises, private companies, and foreign firms, creating a competitive landscape [9]. - Major companies in the industry include Fulongma Group, Yutong Heavy Industry, and Bosch Environmental Technology, each with varying strengths in capital, technology, and market share [9]. Industry Trends - The trend towards multifunctional integrated vehicles aims to enhance maintenance efficiency by allowing a single vehicle to perform multiple tasks [11]. - The application of new energy sources, such as electric and hydrogen fuel cell vehicles, is expected to grow, driven by environmental concerns and government policies [12]. - The international market for road maintenance vehicles is expanding, particularly due to the Belt and Road Initiative, providing opportunities for Chinese companies to leverage their technological and cost advantages [13].

Core Viewpoint - Yutong Heavy Industry Co., Ltd. has completed the registration of changes in business and the filing of its articles of association, including the granting of 2,700,000 restricted stocks under the 2025 Restricted Stock Incentive Plan, the cancellation of the supervisory board, and changes in directors [1]. Group 1 - The company has received a new business license from the Zhengzhou Airport Economic Comprehensive Experimental Zone Market Supervision Administration on September 1, 2025 [1]. - The company’s registered capital is 533,346,000 yuan [1]. - The company operates in various sectors including technology import and export, urban and rural waste management services, and investment activities [1]. Group 2 - The company has made several announcements regarding the 2025 Restricted Stock Incentive Plan, the cancellation of the supervisory board, and the nomination and election of director candidates [1]. - The company is classified as a listed other joint-stock company [1]. - The legal representative of the company is Chao Lihong [1].

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"）于近期实施了登 记 2025 年限制性股票激励计划授予的限制性股票 2,700,000 股、 取消监事会并修订《公司章程》、董事变更等事项。具体情况详见 公司在上海证券交易所网站（www.sse.com.cn）上披露的《2025 年限制性股票激励计划授予结果的公告》（临 2025-046）、《关于取 消监事会并修订<公司章程>及附件的公告》（临 2025-049）、《关于 提名董事候选人的公告》（临 2025-050）、《关于选举职工董事的公 告》（临 2025-055）。 截至目前，公司已完成工商变更登记及章程备案，并于 2025 年 9 月 1 日收到了郑州航空港经济综合实验区市场监督管理和营 商环境局换发的《营业执照》，相关登记信息如下： 证券代码：600817 证券简称：宇通重工 编号：临 2025-061 宇通重工股份有限公司 关于完成工商变更登记及章程备案的公告 统一社会信用代码：91610133132207011Q 成立日期： ...