山推工程机械股份有限公司 关于 2024 年度权益分派实施后调整股份回购价格上限的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 1、调整前回购股份价格上限：13.88 元/股 2、调整后回购股份价格上限：13.82 元/股 3、回购股份价格上限调整生效日期：2025 年 7 月 15 日（2024 年度权益分派除权 除息日） 一、回购股份的基本情况 山推工程机械股份有限公司（以下简称"公司"）于 2025 年 4 月 22 日，召开第十 一届董事会第十五次会议，审议通过了《关于山推股份回购公司部分股份的议案》。公 司拟使用自有资金或自筹资金（含股票回购专项贷款资金），以集中竞价交易方式回购 公司发行的人民币普通股（A 股）股份。本次回购的股份，在未来适宜时机将全部用于 股权激励计划或实施员工持股计划。本次回购股份金额不低于人民币1.5亿元（含本数）， 不超过人民币 3 亿元（含本数），本次回购价格不超过人民币 13.88 元/股。按照回购 股份价格上限人民币 13.88 元/股测算，预计回购股份数量为 1,080.69 万股至 2,161. ...

证券代码：000680 简称：山推股份 公告编号：2025-047 山推工程机械股份有限公司 2024 年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 1、根据《深圳证券交易所上市公司自律监管指引第 9 号-回购股份》的相关规定， 山推工程机械股份有限公司(以下简称"公司"或"本公司")通过回购专用证券账户持 有的公司 5,541,050 股股份不享有参与利润分配的权利。 2、鉴于公司回购专用证券账户的股份不参与 2024 年度利润分配，本次权益分派 实施后除权除息价格计算时，每股现金红利应以 0.0597783 元/股计算，每 10 股现金 红利为 0.597783 元。 公司总股本折算每股现金红利比例计算如下： 按总股本折算每股现金红利=实际现金分红总额/总股本（含回购股份），即 0.0597783 元/股=89,676,093.72 元/1,500,142,612 股。 除权除息参考价=除权除息日的前一交易日收盘价-按总股本折算每股现金红利； 综上，2024 年度权益分派实施后的除权除息价格按照上述原则及计算方式执行， ...

Core Viewpoint - The company plans to repurchase its shares using its own or raised funds, with a total repurchase amount between RMB 150 million and RMB 300 million, at a maximum price of RMB 13.88 per share [2] Group 1: Share Repurchase Plan - The company convened its 11th Board's 15th meeting on April 22, 2025, to approve the share repurchase proposal [2] - The repurchased shares will be used for employee stock ownership plans or equity incentive plans at an appropriate time [2] - The estimated number of shares to be repurchased is between 10.81 million and 21.61 million, representing 0.72% to 1.44% of the current total share capital [2] Group 2: Progress of Share Repurchase - As of June 30, 2025, the company has repurchased 5,541,050 shares, accounting for 0.37% of the total share capital, with a maximum transaction price of RMB 9.24 per share [3] - The repurchase activities comply with the regulations set by the Shenzhen Stock Exchange and relevant laws [3][4] - The company will continue to implement the repurchase plan based on market conditions and will fulfill its information disclosure obligations [4]

证券代码：000680 证券简称：山推股份 公告编号：2025-046 山推工程机械股份有限公司 关于回购股份方案实施进展的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 山推工程机械股份有限公司（以下简称"公司"）于 2025 年 4 月 22 日，召开第十 一届董事会第十五次会议，审议通过了《关于山推股份回购公司部分股份的议案》。公 司拟使用自有资金或自筹资金（含股票回购专项贷款资金），以集中竞价交易方式回购 公司发行的人民币普通股（A 股）股份。本次回购的股份，在未来适宜时机将全部用于 股权激励计划或实施员工持股计划。本次回购股份金额不低于人民币1.5亿元（含本数）， 不超过人民币 3 亿元（含本数），本次回购价格不超过人民币 13.88 元/股。按照回购 股份价格上限人民币 13.88 元/股测算，预计回购股份数量为 1,080.69 万股至 2,161.38 万股，占公司当前总股本的比例为 0.72%-1.44%，具体以公司公告回购方案实施完毕之 日的实际回购股份数量为准。本次回购股份的实施期限为自董事会审议通过回购股份方 案之日起 12 个月 ...

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].

以下文章来源于e公司 ，作者证券时报 黄翔 e公司 . e公司，证券时报旗下专注上市公司新媒体产品，立志打造A股上市公司资讯第一平台。提供7x24小时上市公司标准化快讯，针对可能影响上市公司股价 的主题概念、行业事件及时采访二次解读，从投资者需求出发，直播上市公司有价值的活动、会议。 推土机开始主动思考，驾驶员升级为"指挥官"……这不是科幻电影里才有的场景。日前，山推股份推出全球首款人工智能（AI）推土机产品，引 发行业关注。随着AI与工程机械行业深入融合，智慧施工正成为现实。 今年以来，人工智能大模型井喷式发展，工程机械行业正加快AI战略布局，工程机械与AI相结合的产品不断涌现，并逐步在多种施工作业场景中实现应用，AI+工 程机械的技术迭代已成行业主流趋势。业内人士指出，借助AI智能化突破，行业竞争格局有望重塑，并助力中国工程机械企业在国际市场中进一步进阶身位。 山推股份推出全球首款人工智能推土机产品。受访公司/供图 首款AI智能推土机问世 今年以来，以DeepSeek为代表的众多AI企业相继推出各种轻量化大模型框架，工程机械行业也借此东风推出相关产品。 6月19日，山推股份举行山推AI战略发布会暨综合试验 ...

Group 1: Multinational Companies Summit - The sixth Multinational Companies Leaders Summit was successfully held in Qingdao from June 18 to 20, focusing on "Multinational Companies and China - Linking the World for Win-Win Cooperation" [2] - A total of 40 key projects were signed during the summit, with a total amount of $5.93 billion, covering industries such as high-end equipment, new energy materials, and next-generation information technology [2] - The summit attracted 570 leaders from 465 multinational companies across 43 countries and regions, marking a historical high in participation [2] Group 2: Shandong Economic Policies - Shandong Province released a policy measure list aimed at stabilizing the economy, focusing on job stability, enterprise support, domestic demand, and supply of factors, with 26 specific measures [4] - The policy emphasizes "stabilizing employment" as a priority, particularly addressing challenges faced by recent graduates in the job market [4] - Targeted measures for foreign trade enterprises affected by tariffs include "point-to-point" services and inclusion in financing coordination mechanisms [4] Group 3: Digital Transformation Support - Shandong plans to support around five pilot zones for small and medium-sized enterprises' digital transformation each year, with a maximum funding of 10 million yuan per zone [5] - Funding will focus on digital assessment, transformation upgrades, and public service platforms for digital transformation [5] - This initiative aims to lead traditional industries in Shandong towards high-end, intelligent, and green development [5] Group 4: Health and Disease Prevention Initiatives - Shandong has been approved for 17 national-level pilot projects for integrated disease prevention and control, the highest number in the country [6] - The initiative aims to address the separation of medical treatment and prevention, providing comprehensive health services [6] - The province is expanding its focus from infectious diseases to include chronic and mental health conditions [6] Group 5: Elderly Care Subsidies - Jinan City launched a subsidy program for home modifications aimed at the elderly, allowing consumers to apply for subsidies through a mobile app [7] - The subsidy covers various categories of products, with a maximum subsidy of 3,000 yuan per item and a total cap of 21,000 yuan [7] - This policy is expected to boost the elderly care service industry and enhance the living conditions for senior citizens [7] Group 6: AI Strategy in Construction Machinery - Shantui Construction Machinery Co., Ltd. announced its AI strategic transformation, aiming to create a collaborative ecosystem of "AI assistants + construction machinery" [8] - The company plans to establish technical standards for AI in construction machinery over the next three years [8] - This strategic move addresses challenges in the construction industry, including labor shortages and efficiency bottlenecks [8] Group 7: Robotics Industry Collaboration - The third Rockstone Robotics Global Partner Conference was held, focusing on trends in intelligent robotics and industry collaboration [9] - Rockstone announced new intelligent products aimed at solving the "last mile" issue in unmanned factories [9] - Strategic cooperation agreements were signed with other companies to enhance collaboration in technology development and market expansion [9]

Core Viewpoint - The Jining High-tech Bonded Logistics Center (Type B) has shown significant results within three months of operation, facilitating the import and export activities of 25 foreign trade enterprises, including Shantui Construction Machinery Co., Ltd., with a total cargo value of 52.85 million yuan [1][5][6]. Group 1: Policy Benefits - The center offers three major benefits for foreign trade enterprises: deferred payment of import duties, immediate export tax refund upon entry, and simplified application processes for import/export permits [6][8]. - Shantui's experience illustrates the financial advantages of the center, with a 40% increase in capital turnover efficiency due to immediate tax refunds upon entry [5][6]. Group 2: Economic Impact - The center is becoming a new economic hub for the southwestern Shandong region, enhancing the quality of foreign trade development in Jining [1][9]. - The center's operations are expected to contribute to the construction of a new open platform in Shandong, supporting the national "dual circulation" strategy [9].

Core Viewpoint - Shantui Construction Machinery Co., Ltd. has announced its AI strategic transformation roadmap, becoming the first in the Chinese construction machinery industry to fully implement an AI strategy [1][3]. Company Overview - Established in 1952 and headquartered in Jining, Shandong Province, Shantui has developed a complete product chain including bulldozers, excavators, road machinery, and loaders, with a market share of over 60% in the domestic bulldozer market [1]. AI Strategic Transformation - The company plans to complete the full application of AI in bulldozer core functions within three years, aiming to create a collaborative ecosystem of "AI intelligent assistants + construction machinery groups" [1][7]. - Shantui has launched the first AI bulldozer in the Chinese construction machinery industry, leveraging its unique full industry chain advantage and collaboration with eight global R&D centers [3][4]. Industry Challenges - The construction machinery industry faces three major challenges: labor shortages, efficiency bottlenecks, and environmental pressures, necessitating a technological breakthrough for transformation [2]. - The domestic market is nearing saturation, prompting companies like Shantui to seek broader survival space overseas, with foreign business revenue reaching 7.411 billion yuan in 2024, a year-on-year increase of 26.08% [2]. AI Development and Standards - Shantui has developed a five-level standard for AI technology in construction machinery, with current products achieving L3 level and preparing for L4 level, which allows for remote operation and independent task execution [6][7]. - The next generation of AI products is expected to be launched in 2026, with projected improvements in safety, efficiency, and vehicle health index [7]. Future Vision - The ultimate goal (L5 level) is to achieve fully automated construction processes, where AI can independently execute tasks based on initial project goals set by human operators [7]. - The company emphasizes that AI is a tool for enhancing human capabilities rather than a replacement, advocating for proactive engagement with AI technology [8].

Core Viewpoint - The company, Shantui Construction Machinery Co., Ltd., has completed the repurchase and cancellation of 184,800 restricted shares, which represents 0.01% of the total shares outstanding, at a price of 1.81 yuan per share, involving three incentive targets [2][11]. Summary by Sections 1. Repurchase and Cancellation Details - The repurchase involved 132,000 shares from one incentive target who left the company and 52,800 shares from two others who did not meet performance criteria for the third unlocking period [2][7]. - The total repurchase amount was 334,488 yuan, funded by the company's own resources [2][10]. 2. Background of the Incentive Plan - The 2020 Restricted Stock Incentive Plan was approved, and the independent directors confirmed the legality and validity of the incentive targets [3][4]. - The plan allows for the repurchase of shares if incentive targets leave the company or fail to meet performance benchmarks [7][8]. 3. Impact on Share Capital Structure - Following the cancellation, the total share capital will decrease from 1,500,327,412 shares to 1,500,142,612 shares, with a corresponding reduction in registered capital [10]. - The structure of limited and unrestricted shares will be adjusted accordingly, with limited shares decreasing by 184,800 shares [10]. 4. Financial and Operational Impact - The repurchase and cancellation of shares is not expected to significantly impact the company's financial status or operational results, nor will it affect the management team's motivation and stability [11].