证券代码：002097 证券简称：山河智能 公告编号：2025-050 山河智能装备股份有限公司 关于召开 2025 年第二次临时股东会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 山河智能装备股份有限公司（以下简称"公司"或"本公司"）董事会决定 召集 2025 年第二次临时股东会。根据《公司章程》，本次股东会采用现场投票、 网络投票相结合的方式，有关会议召开具体事项如下： 一、召开会议的基本情况 （一）股东会届次：2025 年第二次临时股东会 （二）股东会的召集人：公司董事会 （三）会议召开的合法、合规性：公司于 2025 年 8 月 28 日召开第八届董事 会第二十四次会议，审议通过了《关于召开 2025 年第二次临时股东会的议案》， 会议的召集、召开符合相关法律、行政法规、部门规章、规范性文件、深圳证券 交易所业务规则及《公司章程》的规定。 1、现场会议召开时间：2025 年 9 月 18 日（星期四）15:00 2、网络投票时间：2025 年 9 月 18 日 网 络 投 票 系 统 包 括 深 圳 证 券 交 易 所 交 易 系 统 和 ...

证券代码：002097 证券简称：山河智能 公告编号：2025-046 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 山河智能装备股份有限公司（以下简称"公司"）第八届监事会第十七次会议 通知于 2025 年 8 月 20 日以通讯送达的方式发出，于 2025 年 8 月 28 日以通讯会议 方式召开。会议应到监事 3 人，实到监事 3 人。会议由公司监事会主席周慧菲女士 主持。本次会议的召集和召开程序符合《公司法》及《公司章程》和《监事会议事 规则》的相关规定，会议合法有效。 本次会议经投票表决，通过如下决议： 一、会议以同意 3 票、反对 0 票、弃权 0 票的表决结果审议通过了《2025 年半 年度报告全文及摘要》； 经审核，监事会认为：公司董事会编制和审议的《2025年半年度报告全文及摘 要》符合相关法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地 反映了上市公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 【具体内容详见公司指定信息披露网站巨潮资讯网 http://www.cninfo.com.cn】 二、会议以同意 3 票 ...

证券代码：002097 证券简称：山河智能 公告编号：2025-045 山河智能装备股份有限公司 第八届董事会第二十四次会议决议公告 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。 三、会议以同意 7 票、反对 0 票、弃权 0 票的表决结果审议通过了《关于 2025 年新增日常关联交易预计的议案》； 关联董事付向东先生、全登华先生、申建云先生、黄仲波先生履行了回避表决。 本议案已经公司第八届董事会审计委员会第十四次会议、第八届董事会独立董 事专门会议第六次会议审议通过。 1 本议案需提交公司 2025 年第二次临时股东会审议。 山河智能装备股份有限公司（以下简称"公司"）第八届董事会第二十四次会 议通知于 2025 年 8 月 20 日以通讯送达的方式发出，于 2025 年 8 月 28 日在公司总 部大楼 405 会议室以现场结合通讯会议方式召开。会议应到董事 11 人，实到董事 11 人。公司董事长付向东先生主持会议。会议的召开符合《中华人民共和国公司法》 《公司章程》《董事会议事规则》等相关规定，会议合法有效。 本次会议经投票表决，通过如下决议： 一、 ...

山河智能装备股份有限公司 2025 年半年度报告全文 山河智能装备股份有限公司 2025 年半年度报告 2025 年 8 月 山河智能装备股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 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、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人付向东、主管会计工作负责人黄仲波及会计机构负责人(会计 主管人员)聂奋芳声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 公司已在本报告中详细描述了公司可能面临的风险，敬请投资者予以关 注，注意阅读本报告"第三节 管理层讨论与分析"之"十、公司面临的风险和 应对措施"。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 1 山河智能装备股份有限公司 2025 年半年度报告全文 释义 | 第一节 | 重要提示、目录和释义 | 1 | | --- | --- | --- | | 第二节 | 公司简介和主要财务指标 | 5 | | 第三节 | 管理层讨论与分析 7 | | | 第四节 | ...

Core Insights - The stock price of Shanhe Intelligent has increased by 113.37% year-to-date, with a recent decline of 5.84% over the last five trading days [1] - The company has been actively traded, appearing on the "Dragon and Tiger List" nine times this year, with a net buy of 330 million yuan on the last appearance [1][2] Company Overview - Shanhe Intelligent Equipment Co., Ltd. was established on July 29, 1999, and listed on December 22, 2006 [2] - The company specializes in three main categories of construction machinery: pile machinery, small engineering machinery, and rock drilling machinery, all with independent intellectual property rights [2] - The revenue composition includes: excavators (35.01%), special equipment and other machinery (23.91%), underground engineering machinery (15.74%), aviation business (14.24%), parts and maintenance services (6.71%), and engineering construction and others (4.39%) [2] Financial Performance - For the first quarter of 2025, Shanhe Intelligent reported a revenue of 1.513 billion yuan, a year-on-year decrease of 8.96%, while the net profit attributable to shareholders increased by 57.31% to 32.4595 million yuan [2] - The company has distributed a total of 631 million yuan in dividends since its A-share listing, with 75.2232 million yuan distributed over the last three years [3] Shareholder Information - As of March 31, 2025, the number of shareholders increased by 37.53% to 245,000, with an average of 4,377 circulating shares per person, a decrease of 27.29% [2][3] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, with respective holdings of 11.0961 million shares and 5.6230 million shares [3]

Group 1 - The core point of the article highlights the financing activities of the company, Shanhe Intelligent, which had a financing buy-in amount of 124 million yuan on August 26, ranking 271st in the two markets [1] - Over the last three trading days, Shanhe Intelligent received financing buy-ins of 188 million yuan, 200 million yuan, and 124 million yuan respectively [1] - On the same day, the company had a financing repayment amount of 161 million yuan, resulting in a net sell of 37.81 million yuan [1] Group 2 - In terms of securities lending, the company had no shares sold or net sold on that day, indicating no activity in this area [1]

Group 1 - The core business of Li's Auction House is to assist equipment manufacturers and agents in expanding their international markets through a combination of online and offline auction events [3] - Li's Auction House operates over 110 business institutions globally, serving nearly 200 countries with 530,000 customers, and auctioning more than 390,000 pieces of equipment annually, with a projected global transaction volume of $15.7 billion in 2024 [3] - Changsha is one of the three major global clusters for construction machinery, housing several top 50 global construction machinery companies, and is expected to exceed a scale of 250 billion yuan in the construction machinery industry by 2024, capturing an 8.5% share of the global market with export values exceeding 30 billion yuan [3] Group 2 - The Changsha Free Trade Zone is actively engaging with Li's Group to promote multinational cooperation and support the development of Hunan's construction machinery remanufacturing export industry [3] - The establishment of the Changsha remanufacturing and repair export base for construction machinery is part of the efforts to facilitate the "going out" strategy for construction machinery remanufacturing [3] - Recent initiatives in the Changsha Free Trade Zone have focused on innovation and coordination among various parties to enhance the remanufacturing system reform in the construction machinery sector [3]

Market Overview - As of August 26, the Shanghai Composite Index fell by 0.39% to 3868.3820 points, while the Shenzhen Component Index rose by 0.26% to 12473.174 points [1] Top Gainers in Hunan Stocks - Topvi Information opened at 37.290 and closed at 40.270, achieving a daily increase of 10.00% with a trading volume of 1,329,989 lots [2] - Youa Shares opened at 7.020 and closed at 7.610, marking a rise of 5.84% and a trading volume of 2,169,265 lots [2] - ST Jiajia opened at 6.590 and closed at 6.860, with a daily increase of 5.05% and a trading volume of 106,992 lots [2] - Yuhuan CNC opened at 22.430 and closed at 23.620, reflecting a rise of 4.79% with a trading volume of 155,652 lots [2] - Jiugui Liquor opened at 66.500 and closed at 69.400, increasing by 3.37% with a trading volume of 447,908 lots [2] Top Losers in Hunan Stocks - Hengli Tui opened at 0.160 and closed at 0.150, experiencing a decline of 11.76% with a trading volume of 611,606 lots [3] - Jiu Zhi Tang (Rights Protection) opened at 12.460 and closed at 12.250, down by 3.62% with a trading volume of 526,762 lots [3] - *ST Biology (Rights Protection) opened at 9.770 and closed at 9.450, decreasing by 3.57% with a trading volume of 91,325 lots [3] - Changlan Technology opened at 19.200 and closed at 18.820, falling by 3.14% with a trading volume of 97,154 lots [3] - Shanhe Intelligent opened at 16.660 and closed at 16.220, down by 2.64% with a trading volume of 1,057,297 lots [3]

Investment Rating - The report maintains a "Positive" outlook on the defense and military industry, indicating an expectation for continued upward trends in the sector [5][6]. Core Insights - The defense and military sector is entering a significant upward cycle driven by domestic demand, particularly due to military modernization efforts, which are expected to enhance growth opportunities [5]. - The global military trade landscape is evolving, with increasing demand driven by geopolitical changes, leading to a strong resonance between supply and demand in China's military exports [5]. - The report highlights the acceleration of satellite internet constellation launches, indicating a maturation of the commercial aerospace industry in China, which presents a golden opportunity for investment [5]. - Key investment targets include companies involved in next-generation equipment, precision-guided munitions, and those leveraging AI and robotics for enhanced military capabilities [5]. Market Review - Last week, the Shenwan Defense and Military Index rose by 3.07%, while the CSI Military Leaders Index increased by 3.27%. In comparison, the Shanghai Composite Index rose by 3.49%, and the CSI 300 Index increased by 4.18% [6]. - The report notes that the defense and military sector's performance ranked 12th among 31 Shenwan primary industry indices, indicating a relative underperformance compared to other sectors [6]. - The top five performing stocks in the defense and military sector last week included Chengfei Integration (up 35.53%), Zhongtian Rocket (up 28.23%), and Lijun Shares (up 23.10%) [6][13]. Valuation Changes - The current PE-TTM for the Shenwan military sector is 92.71, placing it in the upper range historically, indicating a high valuation compared to past performance [14]. - The report emphasizes that the aerospace and aviation equipment segments are currently at relatively high valuation levels since 2020 [14][18]. Key Valuation Targets - The report provides a detailed valuation table for key companies in the defense and military sector, highlighting projected net profits and PE ratios for the years 2024 to 2027 [20]. - Notable companies include AVIC Shenyang Aircraft Company with a market cap of 1,773.1 billion yuan and a projected PE of 52 for 2027 [20].

Core Viewpoint - The company is undergoing a board re-election process to enhance governance and support business development, with the new board expected to be elected at the second extraordinary shareholders' meeting in 2025 [5][8]. Group 1: Company Governance Changes - The eighth board of directors has completed its term on July 13, 2025, prompting the need for a re-election to adapt to the company's operational and management requirements [5]. - The ninth board will consist of 11 members, including 6 non-independent directors, 4 independent directors, and 1 employee representative [5][8]. - The board has proposed candidates for both non-independent and independent director positions, ensuring compliance with relevant laws and regulations [6][7]. Group 2: Election Process - The election of the ninth board's non-independent directors was approved during the 23rd meeting of the eighth board on August 21, 2025, with candidates being reviewed for eligibility [6]. - Independent director candidates have also been nominated and will be presented for approval at the upcoming shareholders' meeting, following the necessary regulatory checks [7][8]. - The election will utilize a cumulative voting system, and the new board's term will commence upon approval at the shareholders' meeting [7][8].