格隆汇8月26日丨中力股份(603194.SH)发布2025半年度报告，公司上半年实现营业收入34.31亿元，同比 增长9.20%；归母净利润4.48亿元，同比增长6.64%；扣非归母净利润4.33亿元，同比增长6.81%。 ...

证券代码：603194 证券简称：中力股份 公告编号：2025-041 浙江中力机械股份有限公司 关于 2025 年半年度募集资金存放与实际使用情况的 专项报告 根据中国证券监督管理委员会《上市公司募集资金监管规则》《上海证券 交易所上市公司自律监管指引第 1 号——规范运作》以及《上海证券交易所上 市公司自律监管指南第 1 号——公告格式》的相关规定，浙江中力机械股份有 限公司（以下简称"公司"）董事会，就 2025 年半年度募集资金存放与使用情况 作如下专项报告： 一、募集资金基本情况 （一）实际募集资金金额和资金到账时间 根据公司第一届董事会第九次会议决议、第一届董事会第十四次会议决议、 2022 年第一次临时股东会会议决议、2023 年第一次临时股东会会议决议，并经 中国证券监督管理委员会证监许可[2024]230 号《关于同意浙江中力机械股份有 限公司首次公开发行股票注册的批复》核准，公司首次公开发行人民币普通股 （A 股）61,000,000 股，其中向社会公众发行人民币普通股 51,455,120 股，向参 与战略配售的投资者定向配售人民币普通股 9,544,880 股，每股面值 1.00 元。 ...

证券代码：603194 证券简称：中力股份 公告编号：2025-042 浙江中力机械股份有限公司 第二届监事会第十二次会议决议公告 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。 一、监事会会议召开情况 浙江中力机械股份有限公司（以下简称"公司"）第二届监事会第十二次 会议于 2025 年 8 月 26 日（星期二）在公司会议室以现场结合通讯的方式召开。 会议通知已于 2025 年 8 月 15 日通过邮件、电话及书面的方式通知各位监事。 本次会议应出席监事 3 人，实际出席监事 3 人（其中：通讯方式出席监事 1 人）。 会议由监事会主席李立主持，公司董事会秘书廖发培列席会议。会议召开 符合有关法律、法规、规章和《公司章程》的规定。出席会议的监事对各项议案 进行了认真审议并做出了如下决议： 二、监事会会议审议情况 经全体监事逐项审议，会议表决情况如下： （一）审议通过《关于公司 2025 年半年度报告全文和报告摘要的议案》 监事会根据相关规定和要求，对公司编制的《2025 年半年度报告全文和报 告摘要》进行了认真审阅，审核意 ...

证券代码：603194 证券简称：中力股份 公告编号：2025-040 浙江中力机械股份有限公司 经全体董事逐项审议，会议表决情况如下： （一）审议通过《关于公司 2025 年半年度报告全文和报告摘要的议案》 具体内容详见公司披露于上海证券交易所网站（www.sse.com.cn）的《2025 年半年度报告》和《2025 年半年度报告摘要》。 表决结果：7 票同意，0 票反对，0 票弃权。 第二届董事会第十五次会议决议公告 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。 一、董事会会议召开情况 浙江中力机械股份有限公司（以下简称"公司"）第二届董事会第十五次会 议于 2025 年 8 月 26 日（星期二）在公司会议室以现场结合通讯的方式召开。会 议通知已于 2025 年 8 月 15 日通过邮件、电话及书面的方式送达各位董事。本次 会议应出席董事 7 人，实际出席董事 7 人（其中：通讯方式出席董事 4 人）。 会议由董事长何金辉先生主持，公司监事及高级管理人员列席了本次会议。 本次董事会的召集、召开和表决程序符合《中华人民 ...

浙江中力机械股份有限公司2025 年半年度报告摘要 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 1.3 公司全体董事出席董事会会议。 1.4 本半年度报告未经审计。 1.5 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 公司代码：603194 公司简称：中力股份 浙江中力机械股份有限公司 2025 年半年度报告摘要 浙江中力机械股份有限公司2025 年半年度报告摘要 第一节 重要提示 1.1 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发 展规划，投资者应当到 https://www.sse.com.cn 网站仔细阅读半年度报告全文。 1.2 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 无 第二节 公司基本情况 2.1 公司简介 | | 公司股票简况 | | | | | --- | --- | --- | --- | --- | | 股票种类 | 股票上市交易所 | 股票简称 | 股票代码 | 变更前股票简称 | | A股 | 上海证券交易所 | 中力股份 | 603194 | 不适用 | | ...

Group 1 - The manufacturing sector is experiencing a recovery, positively impacting forklift sales, with brands leveraging cost-performance advantages to expand overseas market presence [1] - Forklift companies are enhancing their focus on embodied intelligence, indicating a potential rapid development phase for unmanned forklifts [1] - The domestic and international forklift sales are maintaining double-digit growth, with July sales reaching 118,600 units, a year-on-year increase of 14.4% [1] Group 2 - Export data shows positive trends, particularly in Africa, Western Europe, and Southeast Asia, with expectations for a recovery in demand from the US and Europe in the second half of the year [2] - In July, forklift exports to Africa increased by 43.95%, Western Europe by 28.78%, and Southeast Asia by 15.66%, while North America saw a decline of 10.5% [2] - The US tariff policy easing is expected to boost local industrial product demand, and stimulus policies in Western European countries like Germany are likely to encourage corporate investment [2] Group 3 - Forklift companies are accelerating their layout in embodied intelligence and unmanned logistics, with significant collaborations taking place [3] - Hangcha Intelligent is collaborating with Huawei's manufacturing department to explore humanoid robots and AGV applications, while Zhongli has partnered with a leading L4 autonomous driving company for unmanned logistics [3] - These partnerships aim to enhance the application scenarios for unmanned forklifts and expand the smart logistics ecosystem [3]

Core Viewpoint - The report from Zheshang Securities highlights the rapid growth of the logistics automation demand, positioning unmanned forklifts as the core vehicle of the third phase (automation) in the forklift industry. The penetration rate of unmanned forklifts in China is projected to be only 2% in 2024, but the compound annual growth rate (CAGR) of sales from 2019 to 2024 is expected to reach 55%, indicating significant potential for unmanned forklifts to replace traditional forklifts [1][3]. Industry Overview - The forklift industry has evolved through three stages: fuel-powered, electric, and now unmanned. As of July 1, 2025, Amazon has deployed over 1 million robots globally. Unmanned forklifts accounted for 16% of mobile robot sales in 2023, primarily used in manufacturing and logistics for outdoor transportation, platform unloading, and indoor storage [1][2]. Economic Benefits - Unmanned forklifts are anticipated to enhance warehouse space utilization, improve efficiency, and reduce labor costs. Traditional forklifts require manual operation, while unmanned forklifts can operate autonomously, potentially saving 2-3 forklift drivers per unit, with an average labor cost of approximately 100,000 yuan per year for a forklift operator [2]. Market Size and Growth - The penetration rate of unmanned forklifts in China is projected to be 1.9% in 2024, with a sales volume of 24,500 units, reflecting a 26% year-on-year growth and a CAGR of 55% from 2019 to 2024. In comparison, the overall forklift market in China is expected to see total sales of 1.2855 million units in 2024, a 9.5% increase year-on-year, with a CAGR of 16% from 2019 to 2024 [3]. Competitive Landscape - In 2023, only 8% of companies in China achieved sales exceeding 100 million yuan. The main participants in the unmanned forklift market include traditional forklift manufacturers, AGV/AMR companies, and system integrators. Key players in China include Hangcha Group, Anhui Heli, and Zhongli Co., among others [3].

Investment Rating - The industry rating for the unmanned forklift sector is optimistic [1] Core Insights - Unmanned forklifts are defined as a new mode of material handling, with significant potential for explosive growth due to their applications in automation and efficiency improvements [3][6] - The unmanned forklift market is expected to see a compound annual growth rate (CAGR) of 55% from 2019 to 2024, with a projected sales volume of 24,500 units in 2024 [6][44] - The global market for unmanned forklifts reached approximately 30,700 units in 2023, reflecting a year-on-year growth of 46% [47] Market Size and Growth - The global sales of powered industrial vehicles increased from 990,000 units in 2013 to 2.14 million units in 2023, with a CAGR of 8.0% [6] - In China, the total sales of forklifts are projected to be 1.2855 million units in 2024, representing a year-on-year growth of 9.5% [6] - The unmanned forklift market in China achieved a sales scale of 4.3 billion yuan in 2023, with a year-on-year growth of 24% [47] Competitive Landscape - In 2023, only 8% of companies in the unmanned forklift market achieved sales exceeding 100 million yuan [4][53] - Major players in the unmanned forklift market include traditional forklift manufacturers, AGV/AMR companies, and logistics integrators [6][53] - Key recommended companies for investment include Hangcha Group, Anhui Heli, and Zhongli Group, with additional attention on Geek+, Noli, Lanjian Intelligent, and Dongjie Intelligent [6][74] Technology and Applications - Unmanned forklifts primarily utilize SLAM navigation, which accounted for 75% of the navigation methods in 2023 [32] - The main applications for unmanned forklifts include outdoor transportation, loading and unloading at external platforms, indoor transportation, and storage operations [35] - The unmanned forklift market is characterized by a low penetration rate of only 1.9% in 2024, indicating substantial room for growth [38]

Core Viewpoint - The company, Zhejiang Zhongli Machinery Co., Ltd., focuses on the research, development, production, and sales of electric forklifts and other industrial vehicles, aiming to lead the industry transformation towards greener and smarter logistics solutions [2][3][5]. Company Overview - Zhejiang Zhongli Machinery Co., Ltd. was established on September 20, 2007, and is set to be listed on December 24, 2024. The company primarily engages in the R&D, production, and sales of electric forklifts and other industrial vehicles, with 98.85% of its revenue coming from forklifts and related parts [5][9]. - The company has developed several milestone products, including the "Little King Kong" electric forklift and the "搬马" (Moving Horse) robot, which are designed to meet market demands and enhance operational efficiency [2][3]. Financial Performance - As of March 31, 2025, the company reported a revenue of 1.541 billion yuan, representing a year-on-year growth of 10.57%, and a net profit attributable to shareholders of 192 million yuan, up 9.55% year-on-year [10]. - The company's overseas revenue accounted for 51.63% of total revenue, benefiting from the depreciation of the Chinese yuan [4]. Market Position and Trends - The company is positioned within the mechanical equipment industry, specifically in engineering machinery, and is part of several concept sectors, including express delivery, new industrialization, smart logistics, new energy vehicles, and robotics [9]. - The company aims to transition from manual to electric handling and is actively promoting the shift from diesel to lithium battery forklifts, as well as advancing towards robotic handling solutions [3]. Stock Performance - On August 21, the company's stock price fell by 1.35%, with a trading volume of 145 million yuan and a turnover rate of 6.61%, resulting in a total market capitalization of 17.006 billion yuan [1].

证券研究报告 | 浙商早知道 报告日期：2025 年 08 月 13 日 浙商早知道 2025 年 08 月 13 日 ： 张延兵 执业证书编号：S1230511010020 ： 021-80106048 ： zhangyanbing@stocke.com.cn 市场总览 重要点评 ❑ 【浙商机械 邱世梁/王华君/何家恺】中力股份（603194）公司点评：与白犀牛战略合作共建智慧物流体系，智能 搬运机器人打开空间——20250812 http://www.stocke.com.cn 1/3 请务必阅读正文之后的免责条款部分 1、主要事件 与白犀牛战略合作共建智慧物流体系，智能搬运机器人打开空间 ❑ 大势：周二上证指数上涨 0.5%，沪深 300 上涨 0.5%，科创 50 上涨 1.9%，中证 1000 上涨 0.3%，创业板指上涨 1.2%，恒生指数上涨 0.3%。 ❑ 行业：周二表现最好的行业分别是通信（+2.2%)、电子（+1.9%)、煤炭（+1.0%)、家用电器（+0.7%)、房地产 （+0.7%)，表现最差的行业分别是国防军工（-1.0%)、钢铁（-0.8%)、建筑材料（-0.5%)、食品饮料（-0 ...