长沙晚报掌上长沙1月23日讯（全媒体记者 周辉霞 通讯员 杨牧意）记者今天从中联重科了解到，由中联重科与希 迪智驾联合定制开发的、基于中联重科全球最大混动宽体车ZT160HEV打造的无人矿卡，近日在新疆某大型露天 矿山正式交付。此次交付标志着中联重科以"绿色动力+全栈智能"的一体化绿色智慧矿山解决方案，正式开启绿色 智慧矿山运营新篇章。 据介绍，中联重科ZT160HEV混动矿卡专为矿山高强度、长周期的作业环境设计，在承载、能效与安全方面具备 领先优势。尤其是该车型在设计阶段就充分考虑无人驾驶的适配需求，前装线控底盘即可灵活适配主流智驾方 案，为无人化作业奠定坚实的安全与可靠性基石。 相较有人驾驶矿卡，中联重科无人驾驶矿卡在运营安全性、经济性、稳定性与组织效率上实现多维突破，通过更 精准的路径规划、更稳定的作业节奏以及更强的环境适应能力，显著降低恶劣气候对生产的影响，并带来显著效 益提升。 据项目施工负责人介绍，本次交付的40台无人矿卡已投入剥离工程，实行18小时不间断作业。无人驾驶最大的优 势在于安全保障，一线作业人员的骤减让安全风险降到最低，实现矿山运输的本质安全；人力成本大幅节约，结 合中联重科ZT160 ...

专列顺利开行离不开市政府物流口岸办、海关、铁路等部门协同发力。长沙海关所属星沙海关提供 7×24小时通关及应急保障服务，指导企业运用"提前申报""铁路快通"模式高效申报，提高H986智能监 管设备查验比例，实现货物快速通行。各方联动优化服务为湖南制造打通通关"快车道"。 中欧班列（长沙）以"定制化、专业化、高质量"物流服务，推动本土企业融入全球产业链供应链，为湖 南打造内陆地区改革开放高地、服务"双循环"新发展格局筑牢通道保障。展望"十五五"，中欧班列（长 沙）将持续深化与本土制造企业合作，拓展线路网络、优化服务功能，全力服务全省对外开放和高质量 发展大局。 据悉，2025年，中欧班列（长沙）共发运班列1037列，连续5年保持千列规模，居全国前列，全年开行 制造业专列188列。 "十五五"时期是推进高水平对外开放、深化国际产能合作的关键阶段，此次专列开行既是中欧班列（长 沙）响应"十五五"规划建议、落实"制造强国""交通强国"战略的具体行动，也为长沙打造国家重要先进 制造业高地注入动力。 该专列专为中联重科量身打造，提供"端到端、门到门"全链条定制化国际物流解决方案，涵盖运输组 织、关务协调、境外配送等服务。 ...

港股重型机械股拉升上扬，其中，森松国际大涨超9%，三一重工涨2.2%盘中刷新上市新高价，中联重 科、三一国际涨约2%。 本文源自：金融界AI电报 ...

这绝非一次简单的经贸之旅，而是在国家加快构建新发展格局的宏伟战略下，一座长江中游地区中心城 市主动抓住向上发展"关键变量"的战略行动，旨在将香港这一国际顶级枢纽的变量效应，全面转化为长 沙高质量发展的增量与胜势。 长沙晚报全媒体评论员 山丘 2026年的发展画卷徐徐展开，1月20日至22日，省委常委、市委书记吴桂英率长沙市代表团以香港为"十 五五"开局出访首站，开展招商引资与招才引智活动。 顺应时势的区域协同 长沙与香港隔山望海，但情谊深远。历经岁月沉淀的互信与共赢，为此次新年首访奠定了坚实基础。 香港不仅是长沙"走出去"与"引进来"的超级桥梁，更是休戚与共的发展合伙人。数据显示，香港是长沙 最重要的经贸伙伴，全市港资企业达679家，占外资企业总量的46.6%。从耸立星城的九龙仓国金中 心，到联通全球的玉湖冷链，港资项目已成为长沙名片；而中联重科、蓝思科技等长沙龙头企业，也借 助香港平台成功扬帆远航。近30万在港湘籍乡亲和校友，更是两地割舍不断的血脉纽带。 此次出访统筹推进招商引资与招才引智，既有合作成果的巩固，更是顺应时势，使香港从"重要伙伴"升 维为能够系统性助力长沙突破内陆局限的"战略支点"。 城市跃升 ...

本文引自：央视网（焦点访谈）、国家智能制造专家委员会等。 智能制造是制造业高质量发展的核心引擎。2025年底，工业和信息化部等六部门联合公布了首批15家领航级智能工厂名单，名单涵盖装备制造、原材料、 电子信息等多个关键行业。这些领航者不仅代表着当前中国制造智能化的最高水平，更标志着我国智能制造从数字化、网络化迈向了智能化的关键跃升 期。 | 序号 | 企业名称 | 项目名称 | 所在地 | | --- | --- | --- | --- | | 1 | 宝山钢铁股份有限公司 | 高端绿色硅钢预测式制造智能工厂 | 上海 | | 2 | 上海航天设备制造总厂 | 高可靠规模化宇航产品全流程链动 | 上海 | | | 有限公司 | 智能工厂 | | | 3 | 徐州重型机械有限公司 | 全球定制敏捷交付的移动式起重机 | 江苏 | | | | 智能工厂 | | | ব | 南京钢铁股份有限公司 | 产业链深度协同的特殊钢个性化 | 江苏 | | | | 定制智能工厂 | | | રે | 中石化宁波镇海炼化 | 基于全局优化的自主执行绿色石化 | 浙江 | | | 有限公司 | 智能工厂 | | | 6 | 杭州 ...

2026 年 1 月 22 日 ——工程机械行业 2025 年 12 月月报 机械行业 买入（维持） 作者 分析师：陈佳宁 执业证书编号：S0930512120001 021-52523851 chenjianing@ebscn.com 分析师：汲萌 执业证书编号：S0930524010002 021-52523859 jimeng@ebscn.com 分析师：夏天宇 行业研究 12 月工程机械内外销持续增长，非挖品类景气度显著复苏 执业证书编号：S0930525070006 021-52523805 xiatianyu@ebscn.com 行业与沪深 300 指数对比图 -20% 0% 20% 40% 60% 25/01 25/04 25/07 25/10 26/01 机械行业 沪深300 资料来源：Wind 要点 2025 年 12 月国内挖掘机内销持续增长，非挖品类景气度显著复苏 2025 年 12 月我国挖掘机（含出口）销量 23095 台，同比增长 19.2%；其中内 销 10331 台，同比增长 10.9%。2025 年全年我国挖掘机（含出口）销量 235257 台，同比增长 17.0%；其中内销 ...

专列顺利开行离不开市政府物流口岸办、海关、铁路等部门协同发力。长沙海关所属星沙海关提供7×24小时通关 及应急保障服务，指导企业运用"提前申报""铁路快通"模式高效申报，提高H986智能监管设备查验比例，实现货 物快速通行。各方联动优化服务为湖南制造打通通关"快车道"。 中欧班列（长沙）以"定制化、专业化、高质量"物流服务，推动本土企业融入全球产业链供应链，为湖南打造内 陆改革开放高地、服务"双循环"新发展格局筑牢通道保障。展望"十五五"，中欧班列（长沙）将持续深化与本土 制造企业合作，拓展线路网络、优化服务功能，全力服务全省对外开放和高质量发展大局。 据悉，2025年，中欧班列（长沙）共发运班列1037列，连续5年保持千列规模，居全国前列，全年开行制造业专列 188列。 【作者：刘捷萍】 【编辑：刘可馨】 长沙晚报掌上长沙1月22日讯（全媒体记者 刘捷萍 通讯员 张文博 林依）1月22日2时，经长沙海关所属星沙海关监 管放行，新年首趟中联重科高端装备定制化中欧班列从长沙北站驶出。这是中欧班列（长沙）在"十五五"开局之 年推动国际物流通道提质增效、服务本土高端装备制造业的重要实践。 "十五五"时期是推进高水平 ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - The Yaxia Hydropower Project, with an expected investment of over RMB 2 trillion, will significantly boost the demand for high - end and large - scale construction machinery, serving as a key investment catalyst for the construction machinery industry [1][5][7] - The 14th Five - Year Plan sets the tone for the industry, promoting original innovation and the development of strategic emerging industries. The equipment replacement demand in the machinery industry is expected to be gradually released, benefiting cyclical sectors such as construction machinery [1][12] - China's construction machinery export data has been growing rapidly. The Chinese market is at a cyclical inflection point, and exports are expected to rise from $234 billion in 2024 to $570 billion in 2030. Domestic companies' overseas revenue has increased significantly [1][17][22] - The CSI Construction Machinery Theme Index allows for one - click allocation of core construction machinery assets. It has high long - term returns, high volatility, and significant event - driven characteristics. The performance of its constituent stocks is expected to continue to improve [1][34][56] - The Huaxia CSI Construction Machinery ETF closely tracks the CSI Construction Machinery Theme Index, aiming to minimize tracking deviation and error [1][68] Summary by Directory 1. The 14th Five - Year Plan Sets the Tone for the Industry, and Domestic Brands Accelerate Overseas Expansion 1.1 The Yaxia Hydropower Project Starts, and Trillion - Dollar Investment Creates a Century - Long Project - The Yaxia Hydropower Project officially started in 2025. Its construction plan can be traced back to 2007, and it entered the implementation phase in 2024 [5] - Compared with the Three Gorges Project, the Yaxia Hydropower Project may have a dynamic investment of over RMB 2 trillion, and most of the investment will be used for power station construction and power transmission projects [7][9] 1.2 The 14th Five - Year Plan Sets the Tone for the Industry, and the Domestic and Overseas Sales of Excavators Continue to Improve Synchronously - The 14th Five - Year Plan emphasizes original innovation and the development of strategic emerging industries. The equipment replacement demand in the machinery industry is expected to be released, benefiting cyclical sectors [12] - In November 2025, the sales of various excavators reached 20,027 units, a year - on - year increase of 13.90%. Domestic sales increased by 9.11% year - on - year, and exports increased by 18.84% year - on - year, indicating the recovery of the industry [13] 1.3 The Global Construction Machinery Market is Vast, and China's Export Data Shows High Growth - The global construction machinery market is expected to grow from $213.5 billion in 2024 to $296.1 billion in 2030. The Chinese market is at a cyclical inflection point, expected to rise from $234 billion in 2024 to $570 billion in 2030 [17] - The global excavator market is expected to reach $92.8 billion in 2030. In China, excavators will lead the industry recovery with a growth rate of 16.8% [17] - Overseas markets account for nearly 90% of the global construction machinery market. China's construction machinery export volume has increased from $18.894 billion in 2020 to $52.829 billion in 2024, with a CAGR of 29.33% [22] 1.4 The Construction Machinery Cycle Reaches the Bottom and Rebounds, and Domestic Brands Accelerate Overseas Expansion - The excavator industry has experienced two cycles and is now in a new upward cycle. In 2024, the annual sales volume increased by 3.1% year - on - year, and from January to November 2025, the growth rate expanded to 16.7% [24] - The overseas revenue of the four major domestic construction machinery manufacturers has increased significantly. In 2024, the overseas revenue ratios of Sany Heavy Industry and Zoomlion exceeded 50% [27] - International giants still dominate the global market. Chinese construction machinery manufacturers such as XCMG, Sany Heavy Industry, and Zoomlion still have room for improvement in global market share [29] 2. The CSI Construction Machinery Theme Index: One - Click Allocation of Core Construction Machinery Assets 2.1 Index Compilation: Selecting Core Leaders in the Construction Machinery Industry - The CSI Construction Machinery Theme Index was released on September 27, 2021, with a base date of June 30, 2016. It selects 50 representative listed companies in the construction machinery field as samples to reflect the overall performance of construction machinery - related stocks [34] - The index samples are adjusted semi - annually, on the next trading day after the second Friday of June and December each year [36] 2.2 Industry Market Value Characteristics: High Concentration in the Construction Machinery Sector, with Market Value Structure Dominated by Leading Companies - As of January 6, 2026, the index has 50 constituent stocks, with an average total market value of RMB 28.131 billion. Five stocks have a market value of over RMB 100 billion [37] - The top ten constituent stocks of the index account for 72.55% of the total weight. The top three stocks by weight are XCMG, Sany Heavy Industry, and Weichai Power [43] - The index focuses on the construction machinery, auto parts, and special equipment sectors, with a combined proportion of over 87%. The construction machinery industry has the highest weight, at 61.99% [46] 2.3 High Elasticity, Offensive Nature, and Long - Term Allocation Value - In the rising market, the CSI Construction Machinery Index has strong explosive power. For example, from January 31 to April 19, 2019, its cumulative return was 44.07%, significantly higher than that of broad - based indices [50] - Since the base date, the cumulative return of the index has reached 153.95%, and the annualized return is 10.60%, far exceeding that of major broad - based indices. It has high volatility and a large maximum drawdown, indicating its high - elasticity offensive characteristics [56] - The index shows a pattern of leading in the up - cycle and adjusting in the down - cycle. In 2019 and 2025, its annual returns were significantly higher than those of broad - based indices [62] 2.4 High - Level Operation Supported by Positive Expectations, Highlighting the Attention of Sector Allocation - As of January 5, 2026, the P/E ratio of the CSI Construction Machinery Index was 24.13, with a historical quantile of 79.59%, and the P/B ratio was 2.26, with a historical quantile of 94.49%. The valuation is at a relatively high level [65] - The market's positive expectations for the industry have been reflected in the valuation, highlighting the long - term certainty of sector allocation [65] 3. Huaxia CSI Construction Machinery ETF - The Huaxia CSI Construction Machinery ETF (fund code: 515970) closely tracks the CSI Construction Machinery Theme Index, aiming to minimize tracking deviation and error. It started raising funds on January 19, 2026, and ended on January 30, 2026, with Wang Xinwei as the fund manager [68]

证券日报网讯 1月20日，中联重科（000157）在互动平台回答投资者提问时表示，依托在工业互联网、 人工智能、物联网、机器人等领域的技术积累，中联重科自2024年起布局具身智能人形机器人产业，目 前已具备软硬件一体化全栈自研能力，推出多款自主研发样机，发布了"云谷具身智能大模型"和工具 链。机器人关键零部件如行星关节模组、摆线关节模组、减速器、控制器、电机等具有自主研发能力， 并建有人形机器人训练场。截至目前，公司多款自主研发的机器人产品已历经多轮迭代。目前，数十台 机器人正在工厂开展工程机械预装配、货物分拣、摆盘、扫码上料、中型零部件装配、质检等场景的验 证与数据采集工作。机器人领域属于前沿科技、国家重点战略产业，目前行业整体研发及应用尚处于早 期投资阶段，离规模性盈利仍需时间。敬请广大投资者谨慎决策，注意投资风险。 ...

Investment Rating - The industry rating is "Positive" [4] - The companies recommended for "Increase" rating are Zoomlion (000157), Hengli Hydraulic (601100), Jiechang Drive (603583), and Haomai Technology (002595) [4] Core Insights - The national construction machinery operating rate for 2025 is projected to be 44.89%, with 18 provinces exceeding 50% [14] - The sales volume of excavators for the entire year of 2025 is expected to reach 235,300 units, with domestic sales of 118,500 units, reflecting a year-on-year growth of 17.9% [33] - The domestic humanoid robot industry remains highly prosperous, with several companies initiating IPO processes, indicating significant investment opportunities in the sector [33] - The Ministry of Industry and Information Technology and other departments have issued guidelines for the construction of zero-carbon factories, aiming to enhance energy efficiency and promote green transformation in key industries [14][15] Industry News - The construction machinery operating rate in 2025 is 44.89%, with leading provinces including Anhui, Zhejiang, and Jiangxi [14] - The port equipment operating rate has shown continuous growth from July to December 2025, indicating a shift in foreign trade dynamics [14] - The guidelines for zero-carbon factory construction emphasize systematic advancement and innovation-driven approaches to reduce carbon emissions in various industries [15] Company Announcements - Tianjin Jinrong Tianyu Precision Machinery Co., Ltd. announced an investment in an industrial fund to enhance its strategic development and market insight [23] - Guangzhou Dayilong Packaging Machinery Co., Ltd. forecasts a net profit growth of 51.88% to 86.27% for 2025, driven by market expansion and operational efficiency improvements [24] Market Review - From January 14 to January 20, 2026, the Shanghai and Shenzhen 300 Index fell by 0.89%, while the Shenwan Machinery Equipment Industry rose by 1.23%, outperforming the index by 2.11 percentage points [25] - As of January 20, 2026, the price-to-earnings ratio (PE) for the Shenwan Machinery Equipment Industry is 50.55, with a valuation premium of 254.64% compared to the Shanghai and Shenzhen 300 Index [26]