Group 1 - The core viewpoint of the news is that the China Shipbuilding sector experienced a decline of 0.45%, ranking among the top losers in the concept sector, with notable declines in stocks such as China Ship Emergency, Kunshan Intelligent, and China Power [1][2] - Among the China Shipbuilding stocks, only two saw price increases, with China Ship Han Guang and China Marine Defense rising by 4.03% and 2.44% respectively [1][2] - The main funds in the China Shipbuilding sector saw a net outflow of 397 million yuan, with nine stocks experiencing net outflows, and five stocks seeing outflows exceeding 30 million yuan [2] Group 2 - The stock with the highest net outflow was China Ship Han Guang, which had a net outflow of 127 million yuan, followed by China Shipbuilding, China Heavy Industry, and China Ship Emergency with net outflows of 89.8 million yuan, 77.8 million yuan, and 73.5 million yuan respectively [2] - The top gainers in terms of net inflow were China Marine Defense and Jiu Zhi Yang, with net inflows of 68.8 million yuan and 5.6 million yuan respectively [2] - The trading volume and turnover rates for the China Shipbuilding stocks varied, with China Ship Han Guang having a turnover rate of 23.35% despite a price increase, while others like China Ship Emergency saw a significant decline of 5.34% with a turnover rate of 11.31% [2]

Core Viewpoint - China Shipbuilding Industry Corporation's subsidiary, China Power (600482), expects significant profit growth in the first half of 2025, driven by a booming shipbuilding industry and supportive policies [1][2] Company Summary - China Power anticipates a net profit of 800 million to 1.15 billion yuan, representing a year-on-year increase of 68.28% to 141.90% [1] - The company specializes in various power solutions, including gas, steam, diesel, and nuclear power, and aims to enhance its low-carbon product offerings [1][2] - As of April 2025, the company has an order backlog of approximately 62 billion yuan, with a focus on maintaining profitability through cost control measures [2] Industry Summary - The global shipbuilding industry is experiencing a new upward cycle, particularly in green power vessel orders, which has positively impacted China Power's diesel engine segment [1][3] - China's shipbuilding industry leads the world in several key metrics, including completed shipbuilding volume and new orders, holding 49.9% and 67.6% of the global market, respectively [2] - The market share of China's new green power vessel orders has increased from 31.5% in 2021 to 78.5% in 2024, indicating a strong shift towards high-end, environmentally friendly vessels [3][4] - The industry outlook remains optimistic, with a robust order backlog and increasing demand for low-carbon technologies driving future growth [4]

目前，中国动力主要涉及船舶动力设备的研发与生产，尤其是在柴油机和船用机械领域。随着全球船舶 市场的回暖，公司在柴油机板块的产销量显著增长，交付订单和合同结算也有所增加，推动了整体利润 的提升。 船舶行业继续保持增长势头，7月7日晚间，中国动力（600482）发布业绩预告，预计2025年半年度实现 净利润8亿元至11.5亿元，同比增加68.28%至141.9%。 中国动力表示，公司柴油机板块2025年销售规模持续快速增长，合同结算大幅增加，主要产品船用低速 发动机的价格增长，毛利率提升。同时，通过深入贯彻"成本工程"，聚焦三项费用压控，持续提升产品 盈利能力，公司利润同比提升。 去年以来，中国动力业绩持续高增。中国动力此前表示，2024年公司持续提升兴装强军意识，成功完成 了年度军工科研生产任务，合同履约能力得到进一步提升。此外，非防务产业中的船海产业也取得了显 著进展，得益于全球造船市场的良好形势，公司新接订单量在全球市场中占据了74.1%的份额。 其中，中国动力低速柴油机的产量达到了历史新高，同时，在新能源领域也取得了突破，成功推出了多 款低排放双燃料燃气轮机和氨燃料主机。 值得关注的是，今年6月30日，中 ...

Group 1 - The core viewpoint of the news is that the China Shipbuilding sector has seen a significant increase, with a rise of 5.23%, making it the top-performing sector on the trading day [1][2] - Within the China Shipbuilding sector, 11 stocks experienced gains, with China Shipbuilding Han Guang hitting a 20% limit up, followed by China Shipbuilding Emergency and Kunshan Intelligent, which rose by 12.17% and 8.61% respectively [1][2] - The sector attracted a net inflow of 426 million yuan from main funds, with nine stocks receiving net inflows, and seven stocks seeing inflows exceeding 10 million yuan [2][3] Group 2 - The top three stocks in terms of net fund inflow rates were China Shipbuilding Han Guang at 17.02%, China Shipbuilding Technology at 8.74%, and China Marine Defense at 7.66% [3] - The trading volume and turnover rates for the leading stocks were notable, with China Shipbuilding Han Guang showing a turnover rate of 22.03% and a net fund flow of approximately 229.99 million yuan [3][4] - Other stocks in the sector, such as China Shipbuilding Emergency and Kunshan Intelligent, also demonstrated strong performance with respective net fund inflows of 63.09 million yuan and 14.99 million yuan [3][4]

Group 1 - The company expects to achieve a net profit attributable to the parent company of between 800 million and 1.15 billion yuan for the first half of 2025, representing an increase of 32.459 million to 67.459 million yuan compared to the same period last year, which is a year-on-year increase of 68.28% to 141.90% [1][2] - The net profit attributable to the parent company, excluding non-recurring gains and losses, is expected to increase by 66.99% to 150.49% for the first half of 2025 [1] - The company reported a net profit of 475.4134 million yuan for the first half of 2024, with a net profit of 419.1753 million yuan after excluding non-recurring gains and losses [2] Group 2 - The main reasons for the profit increase include the continued growth momentum in the shipbuilding industry, rapid sales growth in the diesel engine segment, significant increases in contract settlements, and rising prices of main products such as marine low-speed engines, leading to improved gross margins [2] - The company is focusing on cost control through its "cost engineering" initiative, which aims to enhance product profitability by managing three key expenses [2]

| 证券代码：600482 | 证券简称：中国动力 | 公告编号：2025-048 | | --- | --- | --- | | 债券代码：110808 | 债券简称：动力定 02 | | 中国船舶重工集团动力股份有限公司 2025 年半年度业绩预增公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： ●业绩预告的具体适用情形：实现盈利，且归属于母公司所有者的净利润与上年 同期相比上升 50%以上。 ●中国船舶重工集团动力股份有限公司（以下简称"公司"）预计 2025 年半年度 实现归属于母公司所有者的净利润 80,000 万元到 115,000 万元，与上年同期相比，增 加 32,459 万元到 67,459 万元，同比增加 68.28%到 141.90%。 ●公司预计 2025 年半年度实现归属于母公司所有者的扣除非经常性损益的净利润 70,000 万元到 105,000 万元，与上年同期相比，增加 28,083 万元到 63,083 万元，同比 增加 66.99%到 150.49%。 一、本期业绩预告情 ...

Investment Rating - The report suggests a positive outlook for the machinery sector, particularly highlighting specific companies for investment opportunities [13]. Core Insights - The engineering machinery sector shows short-term fluctuations in operating rates but maintains a long-term recovery logic driven by domestic demand [7][25]. - The new shipbuilding prices have stabilized and are showing signs of recovery, indicating an upward trend in industry sentiment [7][46]. - The gas turbine sector is experiencing robust growth, with significant increases in orders and production expected [7][55]. Market Review - The SW Machinery Equipment Index increased by 0.26% over the past week, ranking 24th among 31 primary industry categories [3][16]. - Year-to-date, the SW Machinery Equipment Index has risen by 8.29%, ranking 7th among the same categories [3][18]. Key Data Tracking General Machinery - The general machinery sector continues to face pressure, with the manufacturing PMI at 49.7%, indicating contraction [24]. Engineering Machinery - The operating rate for major engineering machinery products was 56.9% in June, down 7.55% year-on-year [7][25]. - The average working hours for these products were 77.2 hours, reflecting a decline of 9.11% year-on-year [7][25]. Shipbuilding - The global new ship price index reached 187.11 in June, marking a 0.22% increase, the first rise since February [7][46]. Oilfield Equipment - The global rig count has stabilized at over 1,600 units, indicating a bottoming out of demand in the oilfield equipment sector [48]. Gas Turbines - The gas turbine sector is on a steady upward trajectory, with GEV's new orders increasing by 44.9% in Q1 2025 [55][56]. Industry Dynamics - The report emphasizes the importance of monitoring the recovery trends in various segments, including engineering machinery, shipbuilding, and gas turbines, as they present potential investment opportunities [7][55].

Group 1 - The company appointed Ms. Wang Jin as the Chief Financial Officer and Secretary of the Board, effective from the date of the board meeting on July 3, 2025, until the end of the current board's term [1] - Mr. Shi Jun, the company's general manager, will no longer act as the financial director, and Mr. Li Yong, the chairman, will no longer act as the board secretary [1] - As of the announcement date, Ms. Wang Jin does not hold any shares in the company and has no related party relationships with major shareholders or management [1] Group 2 - Ms. Wang Jin has obtained the board secretary qualification training certificate issued by the Shanghai Stock Exchange and has passed the qualification review, possessing the necessary legal, financial, and management knowledge [2] - Ms. Wang Jin has a master's degree in law from Renmin University of China and has held various positions within the China Shipbuilding Industry Corporation from June 2015 to June 2025 [2] - She has been serving as a director of China Ship Engine Co., Ltd. since August 2023 and has been appointed as the Chief Financial Officer and Secretary of the Board of China Shipbuilding Industry Corporation Power Co., Ltd. since July 2025 [2]

Group 1 - The core viewpoint of the article highlights the decline of the China Shipbuilding sector, with a drop of 0.76% as of July 3rd, positioning it among the top decliners in the concept sector [1] - Within the China Shipbuilding sector, companies such as China Ship Emergency, China Marine Defense, and Kunshan Intelligent experienced significant declines, while a few companies like Jiuzhiyang, China Shipbuilding, and China Ship Technology saw slight increases [1] - The article provides a detailed table of concept sectors showing the top gainers and losers, with the China Shipbuilding sector being one of the notable losers [1] Group 2 - The article notes that the China Shipbuilding sector faced a net outflow of 461 million yuan from major funds, with ten stocks experiencing net outflows, and five stocks seeing outflows exceeding 30 million yuan [1] - China Ship Emergency led the net outflow with 158 million yuan, followed by China Shipbuilding and China Marine Defense, which also saw significant outflows [1] - A detailed table lists the stocks within the China Shipbuilding sector, showing their respective price changes, turnover rates, and net fund flows, indicating a challenging day for most companies in the sector [1]

| 证券代码：600482 | 证券简称：中国动力 | | 公告编号：2025-047 | | --- | --- | --- | --- | | 债券代码：110808 | 债券简称：动力定 | 02 | | 中国船舶重工集团动力股份有限公司 关于聘任公司总会计师、董事会秘书的公告 王锦女士已取得上海证券交易所颁发的董事会秘书任职培训证明，并通过上海证 券交易所任职资格审查,具备履行董事会秘书职责所必须的法律、财务、管理等专业知 识和所需的工作经验，具有良好的职业道德和个人品质，不存在相关法律法规规定的 禁止任职的情况，符合《中华人民共和国公司法》《上海证券交易所股票上市规则》 及《中国船舶重工集团动力股份有限公司章程》等有关规定的董事会秘书任职资格。 附件：王锦女士简历 1 特此公告。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 中国船舶重工集团动力股份有限公司（以下简称"公司"）于 2025 年 7 月 3 日召 开了第八届董事会第十四次会议，审议通过了《关于聘任公司总会计师、董事会秘书 的议案》。经公司董事长提名、 ...