Core Viewpoint - The Ministry of Industry and Information Technology (MIIT) has released the 403rd batch of new energy heavy truck models, showcasing a total of 73 new models from 18 companies, indicating a significant push towards electrification in the heavy truck sector in China [1][2][3]. Group 1: Overview of New Models - A total of 73 new energy heavy truck models were announced, with 61 being charging trucks, 8 battery swap trucks, 3 fuel cell trucks, and 1 plug-in hybrid truck [5][6]. - Dongfeng and FAW Jiefang each submitted 11 models, the highest among all manufacturers, followed by China National Heavy Duty Truck Group with 9 models [3][10]. - The majority of the submitted models are three-axle trucks, with 30 models, followed by 18 eight-axle trucks and 13 four-axle trucks [5][7]. Group 2: Key Manufacturers and Their Submissions - Dongfeng's submissions include 9 charging trucks, 1 battery swap truck, and 1 fuel cell truck, indicating a strong commitment to the new energy heavy truck market [10][15]. - FAW Jiefang also submitted 11 models, with a focus on charging trucks, including several dual-motor models with significant power outputs [15][18]. - China National Heavy Duty Truck Group's submissions consist of 9 charging trucks, with a notable emphasis on self-dumping trucks, showcasing a range of battery capacities and driving configurations [19][21]. Group 3: Trends in New Energy Heavy Trucks - Charging trucks dominate the submissions, accounting for over 80% of the total, reflecting the industry's focus on electric solutions [5][6]. - The trend towards larger battery capacities is evident, with several models featuring over 600 kWh, particularly in the tractor category, which is becoming a standard expectation [36][38]. - The introduction of dual-motor configurations is increasing, with multiple manufacturers submitting models that enhance power and efficiency, indicating a shift towards more advanced technology in heavy trucks [31][35]. Group 4: Specific Model Highlights - Dongfeng's notable models include a pure electric self-dumping truck with a range of 200 km and a charging truck with a battery capacity of 279.59 kWh [10][11]. - FAW Jiefang's models feature a self-dumping truck with a range of 740 km and a dual-motor tractor with a peak power of 816 hp [15][18]. - China National Heavy Duty Truck Group's self-dumping trucks can achieve a range of up to 955 km, showcasing advancements in battery technology and efficiency [19][21].

Core Viewpoint - In December 2025, China's new energy heavy truck sales reached a record high, totaling 231,100 units for the year, representing a year-on-year growth of 182% [1] Group 1: Overall Market Performance - In December 2025, domestic new energy heavy trucks sold 45,300 units, a year-on-year increase of 198%, with pure electric, fuel cell, and hybrid models selling 40,800 units, 4,202 units, and 284 units respectively [2] - The sales growth for fuel cell and hybrid heavy trucks significantly outpaced the overall market, with fuel cell trucks experiencing a year-on-year growth of 623% and hybrid trucks 209% [2][4] - The market for fuel cell and hybrid heavy trucks showed a notable increase in December, with fuel cell trucks accounting for 9.28% of the market share, while hybrid trucks remained low at 0.63% [5] Group 2: Fuel Cell Heavy Truck Performance - In December 2025, fuel cell heavy trucks sold 4,202 units, with a month-on-month growth of 610% and a year-on-year growth of 623%, marking a significant surge in both sales and growth rate [8] - Dongfeng led the sales with 1,592 units, capturing a market share of 37.9%, followed by Yutong and Sinotruk with 625 and 463 units respectively [10] - The competition for monthly sales champions in the fuel cell heavy truck market was intense, with Dongfeng securing the year-end sales champion after consistently leading since September [12] Group 3: Yearly Performance and Market Share - In 2025, the fuel cell heavy truck market saw a total sales volume of 7,282 units, a year-on-year increase of 64%, with significant growth from companies like Sinotruk and GAC, which saw increases of 3,294% and 16,650% respectively [14][17] - Dongfeng achieved the highest annual sales with 2,563 units, capturing a market share of 35.2%, an increase of 19.7 percentage points from 2024 [17] - The market dynamics showed a pattern of fluctuations throughout the year, with a total of five monthly champions emerging, indicating a highly competitive environment [17]

Group 1 - The core viewpoint of the article highlights SANY Heavy Industry's revenue performance in the European market, indicating a significant contribution to its overseas income [1] - In the first half of 2025, the company's revenue from the European region reached 6.152 billion yuan, accounting for approximately 23% of its total overseas revenue of 26.302 billion yuan [1] - The sales strategy in the European market involves a combination of direct sales and dealer models, showcasing a diversified approach to market penetration [1]

Core Viewpoint - The engineering machinery industry is experiencing a recovery, driven by long-term government bond issuance, deepening equipment renewal policies, and accelerated energy transition, leading to growth in domestic sales of core products such as excavators, concrete machinery, and cranes [1] Group 1: Domestic Market Performance - Domestic demand for core products has fully achieved growth due to supportive policies and market conditions [1] - The company reported that excavators, concrete machinery, and cranes are seeing increased sales in the domestic market [1] Group 2: International Market Performance - The overseas market remains robust, particularly in mineral development and energy infrastructure, with strong demand for the company's products [1] - The company maintains a competitive edge in international markets, resulting in continued growth in overseas sales [1] Group 3: Future Plans - The company plans to leverage its advantages in products, technology, and services to further expand into international markets, especially in sectors with high demand such as mineral development and energy infrastructure [1] - The company will closely monitor changes in international markets and adjust its strategies flexibly to respond to potential market fluctuations [1]

Core Viewpoint - The company focuses on the research, manufacturing, sales, and service of construction machinery, emphasizing its commitment to the engineering machinery industry and digital transformation [1] Group 1: Company Focus and Strategy - The company primarily engages in the development, manufacturing, sales, and service of construction machinery, including concrete machinery, excavators, cranes, pile drivers, and road machinery [1] - The company aims to integrate digital transformation into various aspects of its operations, including manufacturing, products, services, and operations, as part of its strategic focus [1] - The company will continue to enhance its core competencies and seek technological advancements and product innovations within the engineering machinery sector [1] Group 2: Research and Development - The company's research and innovation efforts are concentrated on the engineering machinery field, particularly in the development of intelligent products and smart manufacturing systems [1] - The company has no involvement in areas such as brain interfaces, reusable rockets, AI semiconductors, or humanoid robots, maintaining a clear focus on its core industry [1]

证券日报网讯1月26日，三一重工（600031）在互动平台回答投资者提问时表示，根据公司的相关资 料，暂时没有与日本东海特殊钢金属株式会社的合作信息。 ...

证券之星消息，1月26日工程机械板块较上一交易日下跌1.24%，邵阳液压领跌。当日上证指数报收于 4132.61，下跌0.09%。深证成指报收于14316.64，下跌0.85%。工程机械板块个股涨跌见下表： 从资金流向上来看，当日工程机械板块主力资金净流出7.24亿元，游资资金净流入1.13亿元，散户资金净 流入6.11亿元。工程机械板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600031 | =一重工 | 1.84 Z | 8.03% | -1.43 Z | -6.23% | -4131.62万 | -1.80% | | 600761 安徽合力 | | 5999.86万 | 3.46% | -6544.67万 | -3.78% | 544.80万 | 0.31% | | 920599 同力股份 | | 748.72万 | 5.69% | 431.15万 | 3.28% | 68.05万 ...

2025年，我国新能源重卡市场火爆异常，月销量屡创新高，全年销量超过23万辆，同比暴涨182%。 这其中，哪些细分市场贡献最大？占比近7成的充电重卡无疑是最重要的存在之一，而在充电重卡市场连续多年称霸的三一重卡又是其 中最主要的贡献者和推动者。 请看第一商用车网的分析解读。 要说充电重卡，就绕不开与充电重卡互为补充的换电重卡。根据第一商用车网掌握的数据，2022年是换电重卡人气最旺的一年，当年充 电重卡与换电重卡销量比约为45：55（注：指纯电动重卡销量中充电/换电比），这也是迄今唯一一次换电重卡占比超过充电重卡。之 后三年，充电重卡占比逐年上升，2023年-2025年，充电/换电重卡销量比分别为52:48、63:37以及70:30。而无论充电重卡与换电重 卡占比如何此消彼长，充电重卡市场都只有一个冠军——三一重卡。 2025全年销超3万辆，连续四年份额超20%摘冠 对新能源重卡行业稍微有些了解的人应该都知道，近两年随着动力电池技术的进步以及超快充技术的普及，充电重卡的适用场景越来越 广，各重卡主机厂，包括前两年"押宝"换电重卡的企业纷纷加大对充电重卡（尤其是大电量重卡）的投入，市场竞争的激烈程度较前两 年早 ...

本报讯 （记者肖伟）1月23日，三一海洋重工有限公司（以下简称"三一海工"）2026全球客户峰会暨电 智新品发布会在广东珠海举行。多位港口与物流企业客户齐聚一堂，共同擘画集装箱装卸和散料装卸领 域绿色化、智能化发展新蓝图。 展望未来，三一海工将继续锚定全球化、数智化、低碳化战略，以技术创新和可靠的产品服务，与所有 合作伙伴并肩前行，共赢未来。 当日上午，嘉宾们走进三一珠海产业园，40台涵盖集装箱装卸与散料装卸两大工况的产品整齐列阵。在 设备展区，嘉宾们观看了高效精准的实景作业演示，还亲自试乘试驾，并与研发工程师现场交流，零距 离感受新一代电智产品的卓越性能。现场，三一海工展示了全球首台远控正面吊与无人平板的联合作业 演示。 （文章来源：证券日报） 三一海工研发负责人分别发布集装箱装卸和散料装卸综合解决方案，推出岸桥、场桥、水平运输设备、 正面吊、堆高机5类集装箱装卸产品线，以及门座起重机、装卸船机、高架吊、清仓机、抓料机、重叉6 类散料装卸产品线，以作业全流程电动化、智能化助力客户提升作业效率，实现清洁高效运营。 峰会上，三一集团有限公司董事、联席总裁伏卫忠致开幕辞。他强调，三一将持续推进"全球化、数智 化、 ...

Summary of Key Takeaways from the 2026 GCC Conference Industry Overview - The conference involved around 30 industrial companies, with notable participation from Hengli Hydraulic, Inovance, and Sany Heavy [1][2] - General sentiment indicates soft domestic demand but a strong outlook for overseas growth, particularly in sectors like AI data center equipment, embodied AI robots, commercial aerospace, and solid-state batteries [1] Positive Insights - **Export Growth**: Companies in construction/mining machinery, heavy-duty trucks, and solar equipment are optimistic about exports, driven by AI-related capital expenditures, US interest rate cuts, and supply chain relocations [2] - **Capex Upcycle**: Lithium battery equipment companies expect continued capital expenditure growth in 2026, with solid-state battery orders projected to increase by over 60% from Rmb1 billion in 2025 [2] - **New Opportunities**: Over half of the industrial companies are exploring new opportunities, particularly in humanoid robots, with companies like Ubtech and Dobot focusing on proof of concept validation [2] Negative Concerns - **Material Costs**: Rising prices for copper, aluminum, and battery cells are raising concerns about margin pressures for industrial companies, especially if costs cannot be passed on to end-users [3] - **EV Demand**: There are worries about slowing demand and capital expenditures in the electric vehicle sector, which could impact overall growth [3] Company-Specific Insights - **Hengli Hydraulic**: Expected revenue growth of 20-30% in 2026, with a focus on commercial aerospace and AI robotics [7] - **Sany Heavy**: Maintains a double-digit revenue growth outlook, with a global excavator market share of approximately 7% [8] - **Inovance**: Anticipates a slowdown in the EV segment but expects stable demand in automation and has announced price hikes of 5-20% on selective products due to rising material costs [9] - **Shuanghuan Driveline**: Positive outlook for NEV gear business growth, with expected revenue growth of around 40% in intelligent actuators driven by demand from robotic vacuum cleaners and e-bikes [15] Emerging Trends - **AI and Robotics**: Companies are increasingly focusing on AI-driven products and humanoid robotics, with significant investments in R&D and technology upgrades [14][11] - **Solid-State Batteries**: Companies like Wuxi Lead are seeing strong demand for solid-state batteries, with expectations of over 60% growth in orders for 2026 [10] Market Dynamics - **Foreign Exchange Risks**: Concerns about RMB appreciation could impact export volumes and margins for companies reliant on overseas markets [3] - **Investment Climate**: The macroeconomic environment remains a risk factor, with potential slowdowns in demand for industrial goods if the economy does not improve [19] Conclusion The 2026 GCC conference highlighted a mixed outlook for the industrial sector, with optimism surrounding export growth and new technologies, tempered by concerns over material costs and domestic demand. Companies are actively pursuing innovation in AI and robotics, positioning themselves for future growth despite potential economic headwinds.