Group 1 - The rapid development of embodied intelligence is benefiting domestic and international forklift, e-commerce logistics, and robotics companies in the smart logistics sector, with a clear trend towards unmanned forklifts and embodied handling robots [1] - Amazon has deployed over one million robots globally, with new warehouse robot Vulcan capable of performing 75% of tasks at fulfillment centers, matching the efficiency of frontline workers [1] - The report highlights the potential of unmanned and intelligent development in the forklift industry, recommending companies such as Anhui Heli (600761.SH), Hangcha Group (603298.SH), and Zhongli Co., Ltd. (603194.SH) [1] Group 2 - Since 2025, several leading companies have intensified their investments in the unmanned logistics sector, including KION Group collaborating with NVIDIA and Accenture to enhance warehouse management [2] - Figure 02, developed by Figure, autonomously completes package picking tasks, showcasing advancements in robotics for logistics [2] - The partnership between Zhiyuan Robotics and Dematic Group aims to establish a humanoid robot data collection factory, indicating a shift towards data-driven applications in logistics [2] Group 3 - Domestic forklift leaders are accelerating their unmanned logistics initiatives, with Anhui Heli collaborating with Huawei on digital transformation and signing agreements with SF Express and JD.com [3] - Hangcha Group is expanding its presence in the U.S. by establishing a smart logistics company and exploring innovative collaborations in the "smart robot + logistics" field [3] - Zhongli Co., Ltd. is launching new products in smart warehousing and robotics, indicating a clear trend towards unmanned operations in the forklift and warehousing logistics sectors [3]

一、董事会会议召开情况 杭叉集团股份有限公司（以下简称"公司"）于 2025 年 7 月 2 日以现场表决方 式召开第七届董事会第二十四次会议。会议通知已于 2025 年 6 月 27 日以通讯方式发 出。本次会议应参会董事 9 名，实际参会董事 9 名。本次会议由董事长赵礼敏先生主 持，与会董事就本次议案进行了审议并以书面记名投票的方式进行表决。公司监事及 部分高级管理人员列席了本次会议。会议的召集与召开符合《公司法》及《公司章程》 的有关规定，会议决议合法、有效。 证券代码：603298 证券简称：杭叉集团 公告编号：2025-032 杭叉集团股份有限公司 第七届董事会第二十四次会议决议公告 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。 二、董事会会议审议情况 经与会董事表决，会议听取、审议并通过了以下表决事项： 1、审议通过《关于子公司增资引入外部股东的议案》 为进一步加快杭叉美国智能物流有限公司的运营进程，更高效地推进北美智能仓 储物流市场布局，结合公司全球化经营战略及实际业务需求，现拟对该子公司的投资 主体进行调整 ...

Core Viewpoint - The report from Zheshang Securities highlights the promising prospects of unmanned vehicles (Robo-X) across various applications, particularly in closed and specialized scenarios such as warehousing, mining, and military use, driven by technological advancements and supportive policies [1][3]. Group 1: Unmanned Vehicle Applications - Unmanned vehicles (Robo-X) have significant potential in multiple scenarios, including passenger transport (Robotaxi), material handling (unmanned forklifts), sanitation (Robosweeper), mining (unmanned mining trucks), military (unmanned combat platforms), and agriculture (unmanned tractors) [2][3]. - The commercial viability of unmanned logistics vehicles (Robovan) is paving the way for broader applications of unmanned vehicles in various sectors [2]. Group 2: Industry Outlook - The essence of unmanned vehicles (Robo-X) lies in the application of autonomous driving technology in specific scenarios, with advancements in algorithms, LiDAR, and domain control chips facilitating faster commercialization [3]. - Three key conditions for the rapid deployment of unmanned vehicles are identified: successful technology implementation, policy support, and sound commercial logic [3]. Group 3: Unmanned Forklift Market Potential - The global market for automated warehousing solutions is projected to exceed 2 trillion RMB, with unmanned forklifts playing a crucial role in enhancing warehouse efficiency and reducing costs [4]. - Traditional warehousing faces challenges such as low space utilization (with rental and operational costs accounting for 8%-12% of total costs) and inefficient labor practices, which unmanned forklifts can address by creating intelligent warehousing systems [4]. - The global market for automated warehousing solutions is expected to grow from approximately 471.1 billion RMB in 2024 to 804 billion RMB by 2029, with a compound annual growth rate (CAGR) of 12% from 2020 to 2024 and 11.3% from 2024 to 2029 [4]. Group 4: AMR Solutions Growth - The global market for Autonomous Mobile Robot (AMR) solutions is anticipated to reach approximately 38.7 billion RMB in 2024, with a CAGR of 30.6% from 2020 to 2024, and is projected to grow to 162.1 billion RMB by 2029, with a CAGR of 33.1% from 2024 to 2029 [5]. - The penetration rate of AMR solutions in the overall automated warehousing sector is expected to increase from 4.4% in 2020 to 20.2% by 2029 [5]. Group 5: Investment Recommendations - Recommended companies include Hangcha Group (leading domestic forklift manufacturer), Zhongli Group (global electric forklift leader), Anhui Heli (state-owned forklift leader), SANY Heavy Industry (leading Chinese construction machinery company), XCMG (emerging global construction machinery leader), Shantui (bulldozer manufacturer), Taotao Vehicle (North American leisure vehicle leader), YTO Group (large tractor leader), Beifang Group (Chinese mining vehicle leader), and Inner Mongolia First Machinery Group (military equipment leader) [6]. - Companies to watch include Zhongyou Technology and Noli Shares [7].

Group 1: Financial Performance - 阳光诺和预计2025年营业收入将较2024年增长不低于10%[1] - 九号公司2025年营业收入预计为2509百万，较2024年增长40%[1] - 牧原股份2025年预计销量高速增长，2025年净利润增速为26%[1] Group 2: Market Trends and Risks - STC007新药研发进展领先，市场空间较大，潜在BD预期将增厚利润[1] - 美团外卖在补贴力度升级下可能受到影响，但长期看具备运营效率优势[1] - 华友钴业受益于刚果金延长出口禁令，钴价有望上涨[1] Group 3: Strategic Developments - 精智达预计2025年半导体设备收入将达到5亿，是2024年的两倍[1] - 阳光电源在全球储能市场具备竞争优势，预计2025年净利润具备高增潜力[1] - 广和通布局具身智能机器人，供货全球头部机器人公司[1]

Group 1: General Automation Equipment - In May 2025, the production of metal cutting machine tools in China was approximately 67,000 units, a year-on-year increase of 6.3%, with a month-on-month decline of 9.3 percentage points [1] - The cumulative production from January to May 2025 reached about 332,000 units, reflecting a year-on-year growth of 13.3%, with a month-on-month decline of 3.5 percentage points [1] - The production of industrial robots in May 2025 was around 69,000 units, showing a year-on-year increase of 35.5%, but a month-on-month decline of 16.0 percentage points [1] Group 2: Engineering Machinery - In May 2025, the total sales of six types of engineering machinery, including excavators and forklifts, showed varied performance, with excavators up 2.1% and forklifts up 11.8% year-on-year [2] - Conversely, six other types, including truck cranes and aerial work platforms, experienced declines, with truck cranes down 20.3% year-on-year [2] - Domestic demand for engineering machinery appeared weak in May, attributed to insufficient project funding and adverse weather conditions affecting operational rates [2] Group 3: Investment Recommendations - The manufacturing PMI in China rose by 0.5 percentage points to 49.5% in May 2025, indicating a gradual improvement in manufacturing conditions [3] - The ongoing improvement in U.S.-China relations is expected to support continued growth in exports, further enhancing manufacturing sentiment [3] - The mechanical industry is rated as "buy," with a focus on engineering machinery companies benefiting from recovering domestic demand and sustained export growth [3]

Group 1 - The core announcement is that Henan Jiachen Intelligent Control Co., Ltd. has received acceptance from the Beijing Stock Exchange for its application to publicly issue shares to unspecified qualified investors and to list on the exchange [1][2] - Henan Jiachen was established in 2009 and operates in areas such as technology research, development, and sales of intelligent products, as well as providing technical services related to robotics and IoT technology [2] - The company holds a stake in Henan Jiachen and is aware that the public offering and listing are subject to further review by the Beijing Stock Exchange and registration by the China Securities Regulatory Commission, which poses risks of not passing the review or registration [2]

证券代码：603298 证券简称：杭叉集团 公告编号：2025-031 杭叉集团股份有限公司 关于参股公司河南嘉晨智能控制股份有限公司向不特定合格 投资者公开发行股票并在北交所上市申请获受理的公告 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、准确性和完整性承担法律责任。 公司将根据相关事项进展情况，严格按照相关法律法规及规则要求，及时履行 信息披露义务，敬请广大投资者注意投资风险。 特此公告。 杭叉集团股份有限公司董事会 2025 年 6 月 21 日 杭叉集团股份有限公司（以下简称"公司"）近日收到参股公司河南嘉晨智能控 制股份有限公司（以下简称"河南嘉晨"）的通知，河南嘉晨于 2025 年 6 月 19 日收 到北京证券交易所有限责任公司（以下简称"北交所"）出具的《受理通知书》（编 号：GF2025060015）。北交所已根据《北京证券交易所向不特定合格投资者公开发行 股票并上市审核规则》的相关要求，正式受理河南嘉晨向不特定合格投资者公开发 行股票并在北交所上市的申请。 河南嘉晨成立于 2009 年，经营范围：科技技术研究、开发和智能产品销售；机 ...

Summary of Hangcha Group Conference Call Company Overview - Hangcha Group is a leading company in the Chinese forklift industry, demonstrating stable performance and low valuation. The projected profits for the next three years are expected to reach 2.2 billion, 2.6 billion, and 3 billion respectively, with growth rates of 10%, 15%, and 18% [2][3]. Key Industry Insights - The Chinese electric forklift market is rapidly growing, with domestic sales projected to reach 810,000 units and exports at 480,000 units in 2024. The compound annual growth rate (CAGR) for electric forklift models in China is expected to be 16% [2][5]. - The market share of unmanned forklifts is anticipated to increase from the current 5% to 20%-30% in the coming years, driven by advancements in automation and logistics systems [2][9]. Technological Advancements - Unmanned technology is expected to significantly enhance warehouse and logistics efficiency. In 2025, unmanned forklift models accounted for 7% to 8% of new orders, indicating a clear penetration trend [2][6]. - Hangcha Group is focusing on product iteration and innovation, particularly in unmanned technology, with electric models making up 73.61% of their offerings [2][8]. Future Development Directions - The company plans to invest in the development of humanoid logistics robots and micro logistics robots, which could address material handling challenges [2][10]. - The shift towards domestic markets and smart manufacturing is expected to define a new growth phase for Hangcha Group, moving away from reliance on overseas sales [2][8]. Competitive Landscape - Hangcha Group, along with competitors like Anhui Heli, is experiencing rapid growth in unmanned forklift and intelligent logistics system orders. This trend is also evident in developed countries with high labor costs [2][9]. - The company’s overseas gross profit margin reached 54% in 2024, with a revenue share of 42%. This positions Hangcha Group close to global leaders in terms of sales volume [2][12]. Collaboration Potential - There is potential for collaboration between Hangcha Group and Zhejiang Guozhi Robotics, as both companies operate in overlapping segments of intelligent logistics equipment [2][11]. Conclusion - Hangcha Group is well-positioned for future growth through its focus on unmanned technology and electric models, with significant opportunities in both domestic and international markets. The company is expected to continue its trajectory towards becoming a top player in the global forklift industry [2][12][13].

被担保人名称：杭叉集团股份有限公司（以下简称"公司"）控股子公司 宝鸡杭叉工程机械有限责任公司（以下简称"宝鸡杭叉"），非公司关联人。 重要内容提示: 证券代码：603298 证券简称：杭叉集团 公告编号：2025-030 杭叉集团股份有限公司 关于对外担保的进展公告 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。 1、企业性质：有限责任公司(自然人投资或控股) 2、统一社会信用代码：916103037450254136 本次担保金额及已实际为其提供的担保余额：公司本次为宝鸡杭叉提供担 保金额为 1,000 万元。截至本公告披露日，已实际为宝鸡杭叉提供的担保余额为 2,000 万元。 一、本次担保情况概述 （一）担保情况简介 近日，公司因控股子公司宝鸡杭叉贷款业务与中国银行股份有限公司宝鸡分行 （以下简称"中行宝鸡分行"）签署了《保证合同》（合同编号：2025 年陕中银宝 鸡普惠保字 161 号）。公司控股子公司宝鸡杭叉因经营资金需求，与中行宝鸡分行 签署了《流动资金借款合同》（合同编号：2025 年陕中银宝鸡普惠短借字 16 ...

证券代码：603298 证券简称：杭叉集团 公告编号：2025-029 杭叉集团股份有限公司 高管减持股份结果公告 本公司董事会、全体董事及相关股东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： 高管持股的基本情况 股东名称 王国强 股东身份 控股股东、实控人及一致行动人 □是 √否 直接持股 5%以上股东 □是 √否 董事、监事和高级管理人员 √是 □否 其他：不适用 持股数量 1,209,439股 持股比例 0.0923% 当前持股股份来源 IPO 前取得：511,632股 其他方式取得：697,807股 一、减持主体减持前基本情况 1 上述减持主体无一致行动人。 二、减持计划的实施结果 (一)大股东及董监高因以下事项披露减持计划实施结果： 披露的减持时间区间届满 | 股东名称 | 王国强 | | --- | --- | | 减持数量 | 17,500股 | | 减持期间 | 2025 年 3 月 11 日～2025 年 6 月 10 日 | | 减持方式及对应减持数 | 集中竞价减持，17,500 股 | | 量 | | | ...