Core Viewpoint - Shanhe Intelligent has received an insurance compensation of 160 million yuan from a U.S. insurance company due to aircraft rental contracts with Russian clients that could not be fulfilled due to geopolitical conflicts [3][4][6]. Summary by Sections Company Overview - Shanhe Intelligent's main business areas include engineering machinery, aviation equipment and services, and special equipment, providing comprehensive solutions to global clients [10]. - The company's primary products consist of excavators, piling machinery, aerial work platforms, mining equipment, emergency rescue equipment, oil and gas pipeline equipment, railway maintenance equipment, and green energy extraction equipment [10]. Insurance Compensation Details - Shanhe Intelligent's wholly-owned subsidiary, AVMAX, had signed three aircraft rental contracts with Russian clients, which became uncollectible due to geopolitical tensions since February 2022 [4][6]. - AVMAX reached an agreement with the insurance underwriters, confirming an insurance payout of 29 million USD, with a net amount of approximately 22.97 million USD after legal fees [6]. - The received insurance compensation, converted at the exchange rate of 7.1382, amounts to approximately 163.93 million yuan, impacting the company's net profit by about 126.23 million yuan, which is 172.92% of the previous year's audited net profit [6]. Stock Performance - Following the recent developments, Shanhe Intelligent's stock has seen significant increases, with a cumulative rise of 116% over 16 trading days, including 9 trading limits [6]. - As of the latest data, the company's market capitalization reached 19.2 billion yuan [6]. Financial Metrics - In the fiscal year 2024, Shanhe Intelligent's aviation business generated revenue of 1.013 billion yuan, accounting for 14.24% of total revenue, with a gross margin of 60.71% [10]. - The total number of shareholders has increased significantly, with the latest count at 240,046, reflecting a growth rate of 37.53% [11].

长江商报消息 ●长江商报记者 潘瑞冬 股价突然起飞，山河智能（002097.SZ）这家装备制造企业受到市场关注。 8月8日，山河智能的股价再度涨停。K线图显示，在7月21日首次涨停以来，15个交易日，公司收获9个 涨停，期间累计涨幅达116%。 在这样的开局下，何清华没有退缩。他靠着50万元预付款以及抵押房产贷款开启创业之路。研发液压静 力压桩机时，团队在简陋车间日夜奋战，为攻克一个关键液压阀的密封难题，何清华连续多日守在设备 旁调试。 彼时，何清华将全部筹码压在了"先导式液压控制技术"上。他拒绝模仿巨头产品，转而研发当时国内空 白的液压静力压桩机。2002年，首台样机下线即震动行业，其施工效率远超传统设备，噪声与污染大幅 降低。 锚定工程机械、航空装备与服务、特种装备三大业务领域，山河智能成长为年营收超70亿元的装备制造 公司，在股价飙涨后，市值来到186亿元高位。 山河智能股价飙涨的背后，离不开其创始人何清华"上天入地"的雄心。1999年，53岁的何清华从中南大 学讲台走向创业沙场，从工程机械领域开始起步。2016年，年近七旬的何清华开启二次创业，进军航空 领域创立山河星航。如今，山河星航发展迎来转折点， ...