Investment Rating - The report maintains an investment rating of "Recommended" for the mechanical equipment industry [2][3]. Core Views - The mechanical equipment industry saw a 2.9% increase last week, ranking second among 31 primary industries. Sub-industries such as engineering machinery (+6%) and specialized equipment (+3.45%) showed strong performance, while rail transit equipment experienced a decline of 0.82% [3][14]. - The report suggests that with the completion of the third-quarter reports, market risk appetite is expected to improve. It recommends a balanced approach between technology growth and cyclical investments, focusing on sectors and stocks with performance support [3][4]. - Key areas of focus include humanoid robots, PCB equipment, semiconductor equipment, and cyclical recovery in engineering machinery and general equipment [3][4]. Summary by Sections 1. Recent Trends - In November 2025, excavator sales reached 20,027 units, a year-on-year increase of 13.9%. Domestic sales were 9,842 units (+9.11%), while exports were 10,185 units (+18.8%). Cumulatively, from January to November, 212,162 excavators were sold, marking a 16.7% increase year-on-year [5][44]. - The report highlights a structural recovery in the industry, driven by domestic demand from large projects and a new round of replacement cycles [5][44]. 2. Sub-Industry Performance - The engineering machinery sector is experiencing a significant recovery, with excavator sales showing strong growth. The report emphasizes the importance of technological upgrades and global expansion for leading companies [5][44]. - The industrial robot sector saw a production increase of 17.9% in October 2025, indicating potential investment opportunities as the industry adjusts to new demands [28][44]. 3. Key Companies and Recommendations - The report identifies several companies for investment consideration, including XCMG Machinery (000425.SZ), SANY Heavy Industry (600031.SH), and Huazhong CNC (688697.SH), which are expected to benefit from the ongoing recovery and technological advancements in the industry [7][44]. - The semiconductor equipment sector is highlighted as a critical area for investment, with companies like North Huachuang (002371.SZ) and Zhongwei Company (688012.SH) recommended due to their strong market positions and growth potential [4][7]. 4. Policy and Market Drivers - The report notes that government policies are strongly supporting the high-end machine tool sector, with initiatives aimed at accelerating domestic production and technological breakthroughs [5][46]. - The global demand for high-end manufacturing is recovering, as indicated by Japan's machine tool orders, which have seen continuous growth driven by exports [5][46].

截至发稿，诺力股份市值为61亿元。 每经头条（nbdtoutiao）——秒光、售罄！银行大额存单成稀缺资源，2%以上产品很难抢，有的门槛高 达1000万元！专家：存款利率或长期下行 （记者 曾健辉） 每经AI快讯，诺力股份（SH 603611，收盘价：23.51元）12月5日晚间发布公告称，公司第八届第二十 五次董事会会议于2025年12月5日在公司二楼201会议室以现场及通讯方式召开。会议审议了《关于新增 为旗下控股公司提供担保额度的议案》等文件。 2024年1至12月份，诺力股份的营业收入构成为：通用设备制造业占比53.24%，智能物流系统业务占比 46.21%，其他业务占比0.55%。 ...

证券代码:603611 证券简称:诺力股份 公告编号:2025-061 诺力智能装备股份有限公司 关于新增为旗下控股公司提供担保额度的公告 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 担个别及连带责任。 重要内容提示： ●被担保人名称：诺力智能装备股份有限公司（以下简称"公司"或"诺力 股份"）旗下的全资控股公司 Savoye Assets Management S.A.（以下简称"法 国 Savoye"）和 NOBLELIFT North America,Corp.（诺力北美有限公司，以下简 称"诺力北美"）和 Noblelift Germany GmbH（诺力德国有限责任公司，以下 简称"德国诺力"）。 ●拟新增为旗下控股公司提供的担保总额度及已实际提供的担保发生额： 公司拟新增为上述旗下全资控股公司提供的担保总额度为 25,000.00 万元。截至 目前，公司对上述控股公司提供担保的实际余额为人民币 0 万元。 ●是否存在反担保：否 ●对外担保预期的累计数量：无 额度有效期限自公司2024年年度股东大会审议通过之日至2025年年 ...

证券代码：603611 证券简称：诺力股份 公告编号：2025-060 诺力智能装备股份有限公司 关于召开2025年第三次临时股东会的通知 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： 一、 召开会议的基本情况 (一)股东会类型和届次 2025年第三次临时股东会 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 12 月 22 日 14 点 00 分 召开地点：浙江省长兴县太湖街道长州路 528 号公司办公楼 201 会议室 (五)网络投票的系统、起止日期和投票时间。 股东会召开日期：2025年12月22日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 12 月 22 日 至2025 年 12 月 22 日 1、 各议案已披露的时间和披露媒体 采用上海证券交易所网络投票系统，通过交易系统投 ...

证券代码：603611 证券简称：诺力股份 公告编号：2025-059 诺力智能装备股份有限公司 表决结果：同意 8 票，反对 0 票，弃权 0 票。 本议案尚需提交公司 2025 年第三次临时股东会审议。 2、审议通过《关于提请召开 2025 年第三次临时股东会的议案》 第八届董事会第二十五次会议决议公告 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 担个别及连带责任。 一、董事会会议召开情况 诺力智能装备股份有限公司（以下简称"公司"或"诺力股份"）于 2025 年 12 月 4 日以电话或电子通讯的形式发出召开第八届董事会第二十五次会议的 通知。公司第八届董事会第二十五次会议于 2025 年 12 月 5 日（星期五）上午 9:00 在公司二楼 201 会议室以现场及通讯方式召开会议。会议应到董事 8 人， 实到董事 8 人，其中董事陈彬、张洁、姜伟以通讯方式参加会议。公司第八届高 级管理人员列席了会议，会议由公司董事长丁毅先生主持。本次会议符合《公司 法》及《公司章程》的有关规定，会议审议并以举手表决和通讯表决的方式通过 相关决 ...

9只个股今日获机构买入型评级，华润三九最新评级被调高，诺力股份为机构首次关注。 机构今日买入型评级记录 | 代码 | 简称 | 机构名称 | 最新评级 | 上次评级 | 预测目标价（元） | 最新收盘价（元） | | --- | --- | --- | --- | --- | --- | --- | | 000792 | 盐湖股份 | 国泰海通 | 增持 | 增持 | 31.86 | 25.91 | | 603611 | 诺力股份 | 甬兴证券 | 买入 | 未评级 | | 23.37 | | 688536 | 思瑞浦 | 华安证券 | 增持 | 增持 | | 148.18 | | 300740 | 水羊股份 | 光大证券 | 买入 | 买入 | | 20.00 | | 688525 | 佰维存储 | 东吴证券 | 买入 | 买入 | | 113.47 | | 688428 | 诺诚健华-U | 甬兴证券 | 买入 | 买入 | | 24.78 | | 000999 | 华润三九 | 西部证券 | 买入 | 增持 | | 28.26 | | 002371 | 北方华创 | 华安证券 | 买入 | 买入 | | ...

核心观点 公司主营智能制造装备+智慧物流系统，是智能场内物流系统业务龙头，有望受益于叉车电动化趋势， 受益于新能源智能物流系统需求带来的广阔增长空间。公司已推出具身智能机器人产品，在具身智能物 流机器人领域加速布局。未来，公司有望随着大车战略推进、具身智能物流机器人应用扩大、新能源智 能物流系统景气度上行而打开成长空间。我们预计2025/2026/2027 年公司总体营收73.26/80.54/90.06 亿 元，同比+5.0%/+9.9%/+11.8%，归母净利润5.11/6.09/7.29 亿元，同比+10.6%/+19.2%/+19.7%，对应EPS 为1.98/2.36/2.83 元。按2025 年11月25 日收盘价，PE 为11.43/9.59/8.01 倍，首次覆盖，给予"买入"评 级。 风险提示 行业竞争加剧风险；汇率波动风险；供应链稳定性风险；具身智能机器人商业化不及预期风险；子公司 分拆上市失败风险；关税及贸易壁垒风险。 公司是智能场内物流解决方案龙头，新能源智能场内物流解决方案营收预计从2024 年的13.06 亿元增长 至2029 年的26.35 亿元。2024-2029 年中国智能场 ...

Group 1 - The core viewpoint of the article highlights the performance and trends in the Chinese packaging machinery industry, particularly focusing on production statistics and future projections [1] - According to the National Bureau of Statistics, the production of packaging special equipment in China was 186,000 units in September 2025, representing a year-on-year decrease of 1.1% [1] - Cumulatively, from January to September 2025, the total production of packaging special equipment reached 1.379 million units, showing a cumulative growth of 26% [1] Group 2 - The article references a report by Zhiyan Consulting titled "Analysis Report on the Operation Status and Development Trends of China's Packaging Machinery Industry from 2025 to 2031" [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, providing comprehensive industry research reports, business plans, feasibility studies, and customized services [1] - The firm emphasizes its commitment to delivering high-quality services and market insights to empower investment decisions in the packaging machinery sector [1]

Core Insights - The engineering machinery sector experienced a slight increase of 0.08% on November 27, with N Nant leading the gains [1] - The Shanghai Composite Index closed at 3875.26, up 0.29%, while the Shenzhen Component Index closed at 12875.19, down 0.25% [1] Engineering Machinery Sector Performance - N Nant saw a significant rise in its closing price to 24.51, with a remarkable increase of 183.03% and a trading volume of 525,200 shares, resulting in a transaction value of approximately 1.396 billion yuan [1] - Other notable performers included Hengli Hydraulic, which increased by 10.00% to a closing price of 101.38, with a trading volume of 322,700 shares and a transaction value of about 3.172 billion yuan [1] - The overall trading activity in the engineering machinery sector showed mixed results, with some stocks experiencing declines [2] Capital Flow Analysis - The engineering machinery sector saw a net outflow of 263 million yuan from institutional investors and a net outflow of 107 million yuan from speculative funds, while retail investors contributed a net inflow of 370 million yuan [2] - Specific stocks like Hengli Hydraulic and N Nant had varying capital flows, with Hengli Hydraulic experiencing a net inflow of approximately 56.73 million yuan from institutional investors [3] - The overall sentiment in the sector indicates a cautious approach from institutional and speculative investors, contrasted by retail investor confidence [2][3]

Core Insights - The engineering machinery sector experienced a 1.9% increase on November 26, with Liugong leading the gains [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Engineering Machinery Sector Performance - Liugong (000528) closed at 12.04, up 6.74% with a trading volume of 1.2395 million shares [1] - Huadong Heavy Machinery (002685) closed at 8.29, up 6.15% with a trading volume of 1.2092 million shares [1] - Other notable performers include: - XD Hangcha (603298) at 25.62, up 3.22% - Shantui (000680) at 10.56, up 3.02% - Zoomlion (000157) at 8.15, up 2.52% [1] Capital Flow Analysis - The engineering machinery sector saw a net inflow of 63.9794 million yuan from institutional investors, while retail investors experienced a net outflow of 5.171 million yuan [2] - Major stocks with significant capital inflows include: - Huadong Heavy Machinery with a net inflow of 209 million yuan [3] - Xugong Machinery with a net inflow of 40.2421 million yuan [3] - Hengli Hydraulic with a net inflow of 38.9485 million yuan [3]