Group 1 - The core viewpoint is that the legislative process for autonomous driving in China is advancing, with the revision of the Road Traffic Safety Law being a critical step towards addressing legal regulations for "driverless" scenarios [2][3] - Multiple cities, including Beijing, Shanghai, Guangzhou, and Shenzhen, have initiated various pilot programs for autonomous vehicles, including logistics and public transport applications [2] - Scholars emphasize the need for legal frameworks to address issues related to road testing, traffic violations, and the responsibilities of autonomous vehicles [2][3] Group 2 - The current Road Traffic Safety Law is based on human drivers, and the transition to "driverless" technology necessitates a fundamental re-evaluation of legal responsibilities and definitions [3][6] - The proposed legislative changes may involve adding a new chapter to the existing law or creating new guidelines specifically for autonomous vehicles, which requires thorough discussion and consensus [4] - The integration of the revised Road Traffic Safety Law with other planned laws, such as the Transportation Law, is essential for a cohesive legal framework [5] Group 3 - In the event of an accident involving an autonomous vehicle, determining liability will depend on whether the vehicle was in fully autonomous mode or under human supervision, with different accountability standards for each scenario [6][7] - The responsibility for accidents may be categorized into external and internal liabilities, with external liabilities handled under traditional rules and internal liabilities requiring a clear division of responsibility between drivers and manufacturers [10] - The establishment of a three-tier governance mechanism is suggested to ensure safety standards, verify operational qualifications, and implement a unified regulatory platform for autonomous vehicles [9] Group 4 - The legal challenges posed by autonomous driving extend beyond traffic laws, impacting administrative, civil, and criminal laws, necessitating a comprehensive approach to legal reform [11][12] - The revision of the Road Traffic Safety Law should focus on vehicle management, traffic rules, and accident liability, while avoiding excessive detail on criminal and civil responsibilities [12] - A phased approach to accident resolution is recommended, allowing for quick determination of liability on-site, followed by detailed investigations into insurance and product liability [12]

调研行业：工程机械 参与调研的机构：上海汇瑾、中国银河证券、复胜资产、东方证 券、江海证券等 同力股份分析师会议 调研日期：2025年06月09日 一解投资机构行业关注度。 频判市场 | Gallia | | | --- | --- | | 11 2 12 200 2 110 | | | 1:给我们 = 影片面临官 = | | | 阿里巴巴佩尼 | | | 钢铁机之题。 8 | 图纸制图: 23 | | 20GB Millio Aller 19 | | | 海双集团 | | | 1 1 80.0 0 | 总机构建 23 | | LOGA: REGH, KETA: 1986 | | | 小麦具日 | | | 的研究次数:8 | 上机构馆:23 | | 定年代的:用者点击:我要的中:主要原因 | | | START SHILL CARD | | | 颜的集团 | | | 例体位次数 4 | 24/40 33 | | FININ EXIAN, BENN, LEWI | | | 極力集团 | | | · 例计以上的 8 | 品机构管 23 | 构市场到断信记 机构调研pro小程序 DJvanbao.com 洞见研报 ...

Core Points - The Tianjin Metro Line 8 has achieved a significant milestone with the successful "tunnel completion" of its first phase and extension, laying a solid foundation for future operations [1] - This line is the first in Tianjin to utilize fully automated driverless technology (GoA4 level) and is equipped with a comprehensive smart operation and health management system [1] - The line spans 23 kilometers from Zhongbei Town Station in Xiqing District to Lushuidao Station in Jinnan District, featuring 21 stations and 21 sections, along with the construction of a new substation [1] Construction Challenges - The construction faced numerous world-class challenges, earning the title of "King of Challenges" in Tianjin's metro construction history, including five river crossings, three railway crossings, and seven existing metro crossings [1][2] - The project required coordination with seven other lines for transfers and reserved conditions for four future lines, with significant difficulties in land acquisition and protection of surrounding buildings and underground structures [1][2] - Special vibration reduction measures were implemented, with 65% of the line consisting of high-grade vibration reduction sections, and the Dawangfang Station being the deepest metro station under construction in Tianjin [1][2] Technological Innovations - The construction team utilized advanced technologies such as comprehensive geological radar detection, automated real-time monitoring systems, and precise settlement control techniques [2] - Innovative applications included soil improvement processes, optimization of shield tunneling parameters, and the establishment of emergency response mechanisms to overcome key technical bottlenecks [2] - As of now, all main structures of the 21 stations have been completed, and 17 out of 19 connection passages have been successfully finished, indicating steady progress in the project [2]

Core Points - The Tianjin Metro Line 8 has successfully achieved "tunnel completion" for all shield sections, marking a significant milestone in the construction of the line [1][2] - This line is the first in Tianjin to utilize fully automated driverless technology and is designed as a major transportation backbone in the southern urban area [1] - The project is implemented through an integrated "investment-construction-operation" model by China Railway Construction Corporation, involving multiple construction units [1] Summary by Sections - **Construction Progress** - All 21 station structures have been completed, and all 21 sections are now connected, with 17 out of 19 connecting passages finished [2] - **Operational Impact** - Upon opening, the line will connect four administrative districts: Nankai, Heping, Hexi, and Jinnan, enhancing accessibility to key areas such as Anshan West Road and Wudadao [2] - The line is expected to serve as a new engine for urban development, providing a more convenient, efficient, and green travel experience for residents [2] - **Technological Features** - The line is equipped with a state-of-the-art fully automated driving system (GoA4 level) and a comprehensive intelligent operation and maintenance management system to ensure safe and efficient operations [1]

Core Viewpoint - The silver economy is rapidly expanding in China, driven by the increasing population of elderly individuals and the diversification of products and services tailored to their needs [2][4]. Group 1: Market Trends - By the end of 2024, the population aged 60 and above in China is expected to reach 310 million, accounting for 22% of the total population, leading to significant growth in the silver market [2]. - The total number of age-friendly products reached 216,000 by April 2025, involving nearly 10,000 companies, with a year-on-year increase of 255.2% in new products from January to April [2]. - The silver economy is transitioning from a broad supply model to a refined consumption ecosystem, with innovative products like smart ECG clothing and air quality improvement systems gaining attention at the expo [2]. Group 2: Technological Innovations - Advanced technologies such as artificial intelligence, autonomous driving, and flexible robotics are breaking traditional boundaries in elderly care products, exemplified by the smart autonomous wheelchair showcased at the expo [2]. - The emergence of "black technology" in elderly care indicates a shift from merely providing for the elderly to enhancing their quality of life through intelligent solutions [2]. Group 3: Cross-Industry Collaboration - Major brands like Huawei, Haier, and Skyworth are entering the silver economy with smart home solutions, while travel agencies are offering tailored travel packages for seniors [3]. - Financial institutions are diversifying their offerings with various retirement financial products, indicating a growing interest in the silver economy from multiple sectors [3]. Group 4: Policy Support and Industry Growth - The Chinese government is actively promoting the development of the silver economy through policies aimed at enhancing elderly care services and products [4][5]. - There are over 367,000 existing companies related to the silver economy, with more than 22,000 new registrations this year, reflecting a steady growth trend in the sector [4]. - Companies like New Mile Health Technology and Sichuan Portong Medical Equipment are focusing on developing products and services specifically for elderly care, indicating a strategic shift towards this market [4]. Group 5: Local Initiatives - Shanghai is taking proactive steps to develop its silver economy, including the establishment of a dedicated elderly care technology industrial park that aims to integrate research, development, and production [6]. - The park has attracted over 40 elderly care technology innovation companies and aims to achieve a production value of 20 billion yuan within seven years [6].

证券代码：834599 证券简称：同力股份 公告编号：2025-061 陕西同力重工股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 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 担个别及连带法律责任。 一、 投资者关系活动类别 □业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 √特定对象调研 □其他 二、 投资者关系活动情况 活动时间：2025 年 6 月 9 日 活动地点：线上交流会 回答：矿区无人驾驶的智驾系统很难形成标准化产品，但是可以形成通用 的技术，每个矿区会根据不同的需求去调整，投资智驾系统相对偏向于互联网 的商业模式，公司暂时不做智驾系统。线控化的整车对公司来说，竞争力在行 业里处于优势地位，所以目前的主要精力还是会集中在自动化线控整车的研发 方面。谢谢！ 问题 2：公司自动驾驶矿卡未来后续的市场展望如何，预计市场份额的情 况？ 回答：现在矿区的充电、换电设施投资落地很快，一旦纯电技术路径规模 化应用，无人车的经济性就体现出来了。以前是政策驱动，到了现在是市场驱 动，因为电的成本很低。原来做无人 ...

一些备受瞩目的批评人士，包括亿万富翁埃隆·马斯克和政治激进分子劳拉·卢默，近期再次呼吁重新审 视该计划。马斯克曾是特朗普的盟友，去年年底他嘲笑了对人类驾驶战斗机的持续投资;而卢默则称 F- 35 是一场"灾难"，浪费了国家资源。 由于美国国会拨款工作停滞不前，五角大楼仍处于临时拨款措施的约束之下，因此 F-35 项目的下一阶 段计划的前景仍不明朗。 美国海军和美国海军陆战队也面临着成本削减计划。美国海军最新的申请包括 12 架具备航母作战能力 的 F-35 战斗机，成本为 19.5 亿美元，而去年获批的数量为 17 架。美国海军陆战队计划购买 11 架战 机，成本为 17.8 亿美元，而去年为 13 架，双方都要求为早期采购提供额外资金。 尽管该提案仍有可能在美国国会得到修改(洛克希德·马丁公司在国会中已获得了相当多的政治支持)，但 这些削减措施表明，在一个日益重视无人驾驶系统的时代，有关人类驾驶战斗机的争议正日益加剧。美 国国防部部长Hegseth于 2 月份的指令保留了空军最新的无人机项目，但使传统的飞机面临削减的风 险。 F-35 项目长期以来一直备受争议，批评者指出该项目成本不断攀升且存在技术问题。该 ...

青岛机场集团坚持技术研发与标准制定"双轮驱动"，与中机科(北京)车辆检测工程研究院有限公司合作建成全国首个民航无人驾驶检测基地，1:1还原飞行区 真实场景，开发跟随前方设备停-走、避让特勤车辆、机坪滑行航空器避让等20余项检测科目，努力打造行业准入"硬标准"；主导编制《民用机场飞行区车 辆运行智能管控系统建设指南》《民用机场飞行区自动驾驶车辆应用导则》2个团体标准，填补了行业相关标准的空白，为智慧机场建设提供了规范化蓝 本。 《中国民航报》、中国民航网 记者许晓泓 通讯员于洋 报道：6月9日，第四届上合组织成员国青年创新创业大赛颁奖典礼暨"上海合作组织可持续发展年"交 流活动开幕式在山东青岛举行。青岛机场集团报送的"智慧机场无人化关键技术与示范项目"，从8个国家200余个参赛项目中脱颖而出，斩获大赛第一名，获 得科技部国际合作司的高度认可。该项目凭借全球领先的雷达—视频智能分析等技术，实现了无人车与航空器高精度协同调度，为全球智慧交通建设提供了 创新性的"中国方案"，彰显了中国科技创新的国际竞争力。 近年来，青岛机场集团党委创新构建"双三基+集中小部队"党建工作体系，打破部门建制，组建跨领域协作的重点难点攻坚 ...

板块题材上，稀土永磁、能源金属、汽车零部件板块涨幅居前；CRO概念、板块跌幅居前。 盘面上，稀土永磁板块爆发，北矿科技（600980）3连板，中科磁业（301141）、华阳新材（600281）、宁波韵升（600366）涨停。 汽车零部件概念涨幅居前，泉峰汽车（603982）、迪生力（603335）、金麒麟（603586）、西上海（605151）等多股涨停。大金融概 念反弹，兴业证券、南华期货（603093）、信达证券（601059）涨停炸板。多只高位人气股持续下挫，均瑶健康（605388）、丽人丽 妆（605136）、联化科技（002250）跌停。 这几只票暗盘资金正在偷偷流入，立即查看>> 热点概览： A股三大指数今日集体上涨，截至收盘，沪指涨0.52%站上3400点，深成指涨0.83%，创业板指涨1.21%，北证50指数平收。全市场成 交额12866亿元，较上日缩量1646亿元。全市场超3400只个股上涨。 【4连板】 昂利康（002940）、金鹰股份（600232）。 【3连板】 粤传媒（002181）、北矿科技、苏州龙杰（603332）。 【2连板】 南京港（002040）、中科磁业、曲江文旅（600 ...

Industry Investment Rating - The industry investment rating is maintained at "Outperform the Market" [1] Core Viewpoints - High dividend yields are favorable for highway and port companies due to declining domestic interest rates, making them attractive for allocation and investment [2] - Mergers and acquisitions are seen as a potential growth source in the transportation sector, particularly in the highway and bulk supply chain segments, supported by low interest rates and low valuations [3] - The rise of new energy and unmanned transportation is expected to benefit platform companies, with a focus on digital freight and ride-hailing services [4] Summary by Sections 1. Aviation - The aviation industry is expected to see a turning point in supply and demand by 2025, with cumulative revenue growth for airlines projected to match the increase in aircraft numbers [7] - Airlines are likely to experience a recovery in aircraft utilization hours and passenger load factors, leading to increased revenue per passenger kilometer [11] 2. Highways - The defensive value of high dividend highway companies is decreasing as the A-share index rebounds, while their investment value is increasing due to declining interest rates [27] - There is significant potential for mergers and acquisitions in the highway sector, with many listed highway companies having substantial room for asset securitization [30] - Companies like Guangdong Expressway A and Shandong Expressway are highlighted for their high return on equity and dividends [27] 3. Railways - Short-term growth in railway freight and passenger volumes is low, but there is potential for long-term growth driven by new energy vehicles and unmanned driving technologies [36] - The container transport volume in railways is expected to grow significantly, supported by various initiatives like the Belt and Road Initiative [42] 4. Express Delivery - The express delivery industry is experiencing rapid growth in both volume and revenue, with major players like Zhongtong Express and YTO Express showing increasing profits [45] - Price competition is easing, which may present investment opportunities in the sector [46] 5. Bulk Supply Chain - Major bulk supply chain companies in China are seeing a decline in market share, but their revenues remain among the highest globally [51] - Companies like Wuzhou International and Jianfa Group are actively engaging in mergers and acquisitions to enhance their market position [54] 6. Shipping - The shipping industry is facing challenges due to potential declines in global trade volumes as a result of U.S. tariffs, which may pressure shipping rates [57] - The oil shipping sector may benefit from lower oil prices leading to increased demand for oil replenishment [63] 7. Ports - Port container throughput is expected to show resilience despite fluctuations in export growth, with stable pricing anticipated [70] - The report emphasizes the importance of reducing logistics costs, which may limit the potential for rate increases in port fees [70] 8. New Energy and Unmanned Transportation - The adoption of new energy vehicles is significantly reducing travel costs, while smart driving technologies are expected to lower labor costs in transportation [74] - Companies in the ride-hailing and digital freight sectors are projected to experience substantial growth due to these technological advancements [77]