Core Viewpoint - Taiyuan Heavy Machinery Group has successfully launched a 135-ton methanol-electric hybrid hydraulic excavator, integrating clean energy and strong excavation capabilities, enhancing environmental protection, economic efficiency, and operational effectiveness [1]. Group 1: Product Innovation - The excavator features a dual power system that allows for flexible switching between methanol power and grid electricity, catering to diverse user needs and expanding the scope of green operations [1]. - It employs a split power generation system, resulting in reduced vibrations, stable operation, and significantly improved reliability, which lowers equipment failure rates and maintenance costs [1]. - The excavator is equipped with two 300 kW methanol generators, ensuring ample power reserve and uninterrupted operation [1]. Group 2: Cost Efficiency - The annual electricity cost of the excavator is projected to be over 1 million yuan lower than that of traditional fuel engines [1]. - Advanced electro-hydraulic control technology is implemented to achieve precise matching and intelligent regulation of power, flow, and efficiency, significantly enhancing operational precision [1]. Group 3: Industry Trends - The engineering machinery industry is showing signs of recovery, with expectations of improved performance and demand in the coming months [2][3]. - The industry is transitioning to the "National IV" emission standards starting December 1, indicating a shift towards more environmentally friendly machinery [2]. - Caterpillar is nearing a cyclical turning point, having downgraded its rating to "neutral," reflecting the current market dynamics [2].

柳工挖掘机智慧工厂于2023年11月正式投产，作为柳工智能国际工业园的先行项目， 广泛融合机器人、人工智能、物联网等先进技术，实现生产流程的自动化、数字化与智 能化管理，显著提升生产效率和资源利用水平。展望未来，挖掘机业务将持续弘扬柳工 文化，以技术创新驱动产业升级，为实现规模与盈利双增长、在全球工程机械市场谱写 新篇章而全力奋进。 【行业热点】 1 业绩改观，工程机械行业复苏或已在路上？ 1 2月29日下午，柳工挖掘机智慧工厂迎来里程碑时刻—— 2 0 2 5年第1 0 0 0 0台挖掘机 正式下线 。股份公司党委副书记、副董事长、总裁罗国兵，股份公司副总裁、挖掘机 事业部党委书记、总经理袁世国，股份公司副总裁、首席质量官肖小磊等领导，与优 秀供应商代表及员工代表共同出席仪式，见证这一重要成就。 柳工柳州挖掘机业务已实现 13- 200吨全系列产品 的柔性智能化生产，年产突破一万 台，创下历史新高。这一成绩得益于公司领导的战略指引、供应商伙伴的协同支持以及 全体员工的辛勤付出。未来，挖掘机业务将继续秉持 "上下一致、内外对齐、靠前指 挥、同频共振、快人一步" 的工作理念，全力完成"十四五"收官任务，积极备战 ...

Core Viewpoint - The establishment of the Xiang-Qiong Advanced Manufacturing Industrial Park marks a significant step in cross-regional collaboration between Hunan and Hainan, focusing on the remanufacturing and modification of heavy engineering machinery to promote resource recycling [1][5]. Group 1: Industrial Development - The Xiang-Qiong Industrial Park officially commenced operations on December 23, with a focus on remanufacturing and modifying heavy engineering machinery [1]. - The park aims to leverage the industrial advantages of both provinces and provide continuous support for companies expanding into overseas markets [5]. Group 2: Tax Incentives and Orders - SANY Group is benefiting from Hainan's free trade port tax incentives, including a 15% corporate income tax reduction, which has already resulted in receiving an order worth 100 million from Southeast Asia and Africa on the first day of operation [3]. Group 3: Industry Trends - The engineering machinery industry is showing signs of recovery, with expectations of improved performance as it transitions into the "National IV" era starting December 1 [6]. - Domestic sales have been declining for 13 consecutive months, while exports have surged over 70%, indicating a potential turning point for the excavator industry [7].

Company Overview - Tao Jiajin, born in May 1973, is currently the Deputy Secretary of the Party Committee, Vice Chairman, and General Manager of Taiyuan Heavy Industry Group (THIG), and is proposed for further use [1] - Tao has held various positions in state-owned enterprises in Shanxi, including roles in Taiyuan Iron and Steel Group and Shanxi Cloud Era Technology Co., Ltd. [1] - THIG, established in 1950, is recognized as the first heavy machinery manufacturing enterprise designed and built independently by New China, contributing significantly to the national economy [2] Corporate Leadership Changes - Han Zhentang, the current Party Secretary and Chairman of THIG, is 60 years old and has reached retirement age [2] - In May of this year, Tao Jiajin succeeded Han Zhentang as the Chairman of Taiyuan Heavy Industry Co., Ltd., the only publicly listed company under THIG [1][4] Industry Insights - The engineering machinery industry is showing signs of recovery, with improved operating rates expected in February [5][11] - Domestic demand is anticipated to strengthen, with a notable increase in exports exceeding 70% this year, despite a 13-month decline in domestic sales [6][11] - The industry is transitioning to the "National IV" emission standards starting December 1 [6] Market Dynamics - The engineering machinery sector is expected to experience a "warming" trend, with credit conditions improving in January [11] - Experts are discussing the industry's development and the push for new energy solutions in construction machinery and commercial vehicles [11]

Core Viewpoint - The article highlights the growth in China's engineering machinery import and export trade, with a significant increase in exports while imports have declined, indicating a potential recovery in the industry [1][2]. Trade Data Summary - In November 2025, China's engineering machinery trade amounted to $5.4 billion, a year-on-year increase of 15.4%. Exports reached $5.23 billion, up 16.6%, while imports were $1.7 billion, down 11.9% [1][2]. - Cumulatively, from January to November 2025, the total trade value was $56.118 billion, reflecting an 11.8% year-on-year growth. Exports totaled $53.756 billion, a 12.4% increase, while imports were $2.362 billion, a slight decline of 0.28% [2]. Monthly Trade Trends - Monthly trade data shows fluctuations in both imports and exports throughout 2025, with notable increases in exports in several months, particularly in September (29.1% increase) and November (16.6% increase) [2]. - Import values have shown a downward trend in several months, with the most significant drop occurring in October (24.2% decrease) [2]. Industry Insights - The engineering machinery industry is showing signs of recovery, with performance improvements and expectations of a positive shift in market conditions [5]. - The transition to "National IV" emission standards starting December 1 is expected to impact the industry positively [5]. - Domestic sales have been declining for 13 consecutive months, but exports have surged by over 70%, raising questions about the future of the excavator sector [5]. Market Dynamics - Improved construction rates in February and a strong start to credit in January suggest a potential rebound in domestic demand for engineering machinery [12]. - Experts are optimistic about the industry's future, with discussions on supporting the transition to new energy in engineering machinery and commercial vehicles [12].

捷 报 连 连 时序入冬，岁末将至，12月正是一年中沉淀积累、收获硕果的时节。对于睿恩新能源而言，这个承载着 全年期许的月份暖意融融、捷报频传！继勇夺全国创新创业大赛二等奖，同期获评省级专精特新企业之 后又荣膺全国独角兽企业总决赛优胜奖，近期公司再添重磅荣誉——凭借过硬的创新实力、领先的核心 技术及完善的成果转化体系成功通过2025年第二批江苏省高新技术企业认定。每一份捷报的背后，都是 企业深耕创新、厚积薄发的必然结果，本次认定不仅标志着公司正式迈入国家级高新技术企业行列，创 新发展水平获得权威认可，更让这个收获之月的"喜讯清单"再添浓墨重彩的一笔，为2025年做个重磅的 完美收官。 | 4676 | F 江苏百茂源环保科技有限公司 | | --- | --- | | 4677 | 南京智汇电气有限公司 | | 4678 | 江苏查佰精工机械有限公司 | | 4679 | 多伦信息技术有限公司 | | 4680 | 江苏睿恩新能源科技有限公司 | | 4681 | 同期期后后感以不用的有用 | | 4682 | 苏州纳生微电子有限公司 | | 4683 | 江苏博尚工业装备有限公司 | | 4584 | 响水 ...

以下文章来源于徐工集团XCMG ，作者助您成功的 徐工集团XCMG . 徐工官方新闻发布平台 连日来，习近平总书记在中央经济工作会议上的重要讲话，在中央和国家机关广大党员干部中引 发热烈反响。大家表示，明年经济工作的大政方针已定，任务艰巨，意义重大。要更加紧密团结 在以习近平同志为核心的党中央周围，坚定信心、用好优势、应对挑战，不断巩固拓展经济稳中 向好势头，确保"十五五"开好局、起好步 。 规模以上企业数量显著增长，产业集群优势凸显 ——在300个国家级中小企业特色产业集群中，机械行 业企业占比达四分之一。 " 十四五 " 期间 我国机械工业增加值年均增速超过 7.1% 高于全国工业和制造业平均水平 规模以上企业增至 13.7 万家 进出口连续五年破万亿美元 央视《新闻联播》专题报道"十四五"期间我国机械工业增加值年均增速超7.1%， 多次将 镜头对准徐工。 非凡"十四五" "十四五"时期，我国机械工业实现全方位突破。行业累计发布国家标准及行业标准 4487项 ，国际标准 转化率 超 92% ，关键材料与制造工艺持续突破，推动高端装备能力整体提升。 英国KHL发布的 "2025年度全球工程机械制造商50强排 ...

Core Viewpoint - The "Excavator Index" released by CCTV Finance indicates a robust momentum in infrastructure construction, with an increase in the average operating rate and workload of construction machinery in November, despite winter construction limitations [1][3]. Group 1: Operating Rates and Workloads - In November, the national average operating rate of construction machinery was 46.95%, an increase of 1.39 percentage points month-on-month, while the workload grew by 10.03%, marking a "double month-on-month growth" [3][23]. - A total of 19 provinces reported operating rates exceeding 50%, with the top ten provinces in operating rates being Anhui, Zhejiang, Hainan, Jiangxi, Beijing, Hebei, Liaoning, Henan, Shanxi, and Ningxia [3][23][26]. Group 2: Excavator Performance - The operating rate of excavators increased by 1.88 percentage points month-on-month, with a workload growth of 12.26%, leading among all types of equipment [8][28]. - The increase in excavator operating rates during the off-season indicates sustained enthusiasm for infrastructure construction [28]. Group 3: Port Equipment Performance - In November, the workload of port equipment saw a year-on-year increase of 10.16%, the highest among all equipment categories [11][30]. - Specific provinces such as Jiangsu, Guangxi, and Sichuan reported over 20% year-on-year growth in workloads for certain port equipment, while Hebei, Jiangxi, Hunan, and Shaanxi saw over 90% growth in workloads for stackers [11][30]. Group 4: Regional Performance - The central region achieved the highest comprehensive operating rate at 55.20%, with excavator operating rates at 63.29%, both leading nationally [14][32]. - The western region's comprehensive operating rate was 48.87%, with notable performance in lifting equipment and port equipment, indicating a strong economic and trade momentum [17][34]. - The eastern region maintained a steady growth trend with a comprehensive operating rate of 47.41%, and the concrete equipment operating rate was the highest among its category at 47.84% [36]. Group 5: Industry Trends - The article highlights a potential recovery in the construction machinery industry, with expectations of improved operating rates in February and a significant increase in exports [39].

Core Viewpoint - The opening of SANY's Milan branch marks a significant milestone in the company's strategic expansion in Europe, enhancing its local service capabilities and commitment to the Italian market [1][3][5]. Group 1: Company Expansion - SANY's Milan branch integrates direct sales, service, parts, and display, providing a one-stop service for customers in Italy and surrounding regions [1]. - The establishment of the Milan office is a key step in SANY's localization strategy in Europe, reflecting its commitment to enhancing regional competitiveness and driving business growth [3][5]. - SANY has been deeply engaged in the European market for over 15 years, with sales expected to grow by over 40% year-on-year by 2025 [5]. Group 2: Local Impact - The operation of the Milan office is expected to create local employment opportunities in technology and sales, and foster deeper collaboration in the equipment manufacturing sector between China and Italy [7]. - The local government appreciates SANY's presence, highlighting the project's potential to enhance service capabilities for the Italian manufacturing sector and provide quality job opportunities for residents [9]. Group 3: Industry Context - The engineering machinery industry is showing signs of recovery, with expectations of improved performance in the coming months [11][18]. - The industry is transitioning to the "National IV" emission standards starting December 1, indicating regulatory changes that may impact market dynamics [13]. - Domestic demand is anticipated to strengthen, with a notable increase in exports, suggesting a potential turnaround for the excavator sector [13][18].

Excavator Market Overview - In November 2025, a total of 20,027 excavators were sold, representing a year-on-year increase of 13.9%. Domestic sales accounted for 9,842 units (up 9.11%), while exports reached 10,185 units (up 18.8%) [1][2]. - Cumulatively, from January to November 2025, 212,162 excavators were sold, marking a 16.7% increase year-on-year. Domestic sales were 108,187 units (up 18.6%), and exports were 103,975 units (up 14.9%) [2]. Loader Market Overview - In November 2025, 11,419 loaders were sold, showing a significant year-on-year growth of 32.1%. Domestic sales were 5,671 units (up 29.4%), and exports were 5,748 units (up 34.8%) [4][5]. - For the period from January to November 2025, a total of 115,831 loaders were sold, reflecting a year-on-year increase of 17.2%. Domestic sales reached 61,039 units (up 22.5%), while exports totaled 54,792 units (up 11.9%) [5]. Electric Excavator Market - In November 2025, 19 electric excavators were sold, categorized by weight: 5 units under 6 tons, 2 units between 6-10 tons, 1 unit between 10-18.5 tons, and 11 units between 18.5-28.5 tons [3]. Electric Loader Market - November 2025 saw the sale of 2,935 electric loaders, with the following breakdown: 38 units under 3 tons, 181 units at 3 tons, 7 units at 4 tons, 1,738 units at 5 tons, 823 units at 6 tons, 138 units at 7 tons, 3 units at 8 tons, and 4 units over 8 tons [6]. Grader Market Overview - In November 2025, 650 graders were sold, reflecting a year-on-year increase of 24%. Domestic sales were 111 units (up 24.7%), and exports were 539 units (up 23.9%) [7]. - From January to November 2025, a total of 7,568 graders were sold, marking a year-on-year increase of 7.79%. Domestic sales were 1,335 units (up 29.5%), while exports were 6,233 units (up 4.06%) [7]. Crane Market Overview - In November 2025, 1,536 truck cranes were sold, with a year-on-year growth of 16.6%. Domestic sales were 780 units (up 25.8%), and exports were 756 units (up 8.46%) [8]. - Cumulatively, from January to November 2025, 18,063 truck cranes were sold, showing a decline of 1.38% year-on-year. Domestic sales were 9,773 units (down 1.02%), and exports were 8,290 units (down 1.8%) [9]. Forklift Market Overview - In November 2025, 119,749 forklifts were sold, representing a year-on-year increase of 14.1%. Domestic sales were 75,242 units (up 23.9%), while exports were 44,507 units (up 0.7%) [11]. - From January to November 2025, a total of 1,340,405 forklifts were sold, marking a year-on-year increase of 14.2%. Domestic sales were 843,005 units (up 14.3%), and exports were 497,400 units (up 14%) [11]. Roller Market Overview - In November 2025, 1,392 rollers were sold, showing a year-on-year increase of 39.3%. Domestic sales were 427 units (up 23.1%), and exports were 965 units (up 48%) [12]. - Cumulatively, from January to November 2025, 16,118 rollers were sold, reflecting a year-on-year increase of 23%. Domestic sales were 6,024 units (up 17.4%), while exports were 10,094 units (up 26.5%) [12]. Paver Market Overview - In November 2025, 79 pavers were sold, indicating a year-on-year decline of 11.2%. Domestic sales were 62 units (up 14.8%), while exports were 17 units (down 51.4%) [13]. - From January to November 2025, a total of 1,431 pavers were sold, marking a year-on-year increase of 27.9%. Domestic sales were 1,023 units (up 38.1%), and exports were 408 units (up 7.94%) [14]. Aerial Work Platform Market Overview - In November 2025, 9,824 aerial work platforms were sold, reflecting a year-on-year decline of 22.4%. Domestic sales were 4,416 units (up 20.7%), while exports were 5,048 units (down 39.9%) [15]. - From January to November 2025, a total of 150,845 aerial work platforms were sold, indicating a year-on-year decline of 30.1%. Domestic sales were 59,440 units (down 43.4%), and exports were 91,405 units (down 17.5%) [15]. High-altitude Work Vehicle Market Overview - In November 2025, 422 high-altitude work vehicles were sold, showing a year-on-year decline of 6.01%. Domestic sales were 387 units (down 10.8%), while exports were 35 units (up 133%) [16]. - From January to November 2025, a total of 4,562 high-altitude work vehicles were sold, marking a year-on-year increase of 32%. Domestic sales were 4,351 units (up 31.3%), and exports were 211 units (up 50.7%) [16].