尤其值得关注的是，今年1月1日起实施的全国首部行业立法《长沙市促进工程机械产业发展条例》，从 多方面为工程机械企业出海贸易保驾护航，如条例中明确的通关便利化、海外服务体系建设等配套措 施，将显著提升企业参与国际竞争的效率。 "湘琼先进制造业共建产业园坐落在海南省东方市临港产业园高排港区腹地，内靠粤港澳大湾区，西邻 北部湾，是海上丝绸之路和西部陆海新通道的重要节点，也是面向东南亚、辐射东盟与'一带一路'共建 国家的重要门户。"产业园招商负责人介绍，园区以工程机械、装备制造为代表的先进制造业为主导产 业，已开工三批、共落户29个项目，总投资达130亿元，已有三一重工、中联重科、湘科集团、威重化 机、星邦智能等一批龙头企业落户。 当前，湘琼先进制造业共建产业园正在加快推进基础设施配套道路建设，谋划推进标准厂房、邻里中心 等项目建设，全面加快构建产业生态。 本次活动由海南省工业和信息化厅、湖南自贸试验区长沙片区管委会、长沙市工业和信息化局主办，湘 琼先进制造业共建产业园现场指挥部、长沙市制造业发展促进中心承办。 长沙晚报掌上长沙8月1日讯（全媒体记者 朱泽寰）1日下午，2025长沙企业全球化战略升级活动在湖南 自贸试 ...

致：香港交易及結算所有限公司 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 公司名稱: 中聯重科股份有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01157 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,552,507,548 | RMB | | 1 | RMB | | 1,552,507,548 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 1,552,507,548 | RMB | | 1 | RMB | | 1,552,507,548 | | 2. 股份分類 ...

Group 1 - The engineering machinery sector showed a 12.29% increase in H1 2025, outperforming the Shanghai and Shenzhen 300 index by 8.97% [13][15] - The sector's five-year PE TTM is 18.66, slightly below the average of 19.73, indicating a valuation at the 40.39 percentile over the past five years [15] - In Q1 2025, the sector's revenue and net profit reached 964.40 billion and 94.78 billion respectively, with year-on-year growth rates of 10.62% and 31.15% [17][19] Group 2 - Domestic sales of excavators in June 2025 reached 8,136 units, a year-on-year increase of 6.20%, supported by infrastructure investments and equipment replacement policies [40][44] - The cumulative sales of excavators in H1 2025 were 120,520 units, reflecting a 16.77% year-on-year growth [40][44] - The construction machinery sector is expected to benefit from significant projects like the Yarlung Tsangpo River hydropower project, which has a total investment of approximately 1,200 billion [50][53] Group 3 - Excavator exports in June 2025 totaled 10,668 units, marking a 19.30% year-on-year increase, with the U.S. being a major market [54][59] - The total export value of excavators in H1 2025 was approximately 4.89 billion USD, reflecting a year-on-year growth of 22.83% [57][59] - The average export price for excavators to the U.S. was around 6,400 USD per unit, indicating a demand for smaller, general-purpose equipment [59][62] Group 4 - The penetration rate of electric machinery is increasing, with policies from the government aimed at phasing out older equipment and promoting the transition to new energy [67][71] - The electric machinery market is expected to grow significantly, with electric forklifts and loaders showing high penetration rates of 53.52% and 12.78% respectively [71][75] - The overall electric machinery penetration rate in China is projected to reach approximately 29.60% by 2024 [71][72] Group 5 - The investment recommendation maintains a "market perform" rating, with a focus on companies such as SANY Heavy Industry, XCMG, Zoomlion, LiuGong, and Hengli Hydraulic [84]

天眼查商业履历信息显示，中联重科股份有限公司，成立于1999年，位于长沙市，是一家以从事汽车制 造业为主的企业。企业注册资本867799.2236万人民币，实缴资本517956.6668万人民币。公司法定代表 人为詹纯新。 通过天眼查大数据分析，中联重科股份有限公司共对外投资了105家企业，参与招投标项目5000次，知 识产权方面有商标信息1181条，专利信息5000条，此外企业还拥有行政许可673个。 来源：金融界 金融界消息 截至2025年7月30日收盘，中联重科（000157）报收于7.5元，下跌0.92%，换手率0.88%， 成交量62.54万手，成交金额4.70亿元。 资金流向方面，今日主力资金净流出1959.77万元，占比成交额4.17%。其中，超大单净流出1680.88万 元、占成交额3.57%，大单净流出278.89万元、占成交额0.59%，中单净流出流出1312.60万元、占成交 额2.79%，小单净流入3272.36万元、占成交额6.96%。 中联重科最新一期业绩显示，截至2025一季报，公司营业总收入121.17亿元、同比增长2.92%，归属净 利润14.10亿元，同比增长53.98%， ...

Core Insights - The tower crane industry is facing increasing safety concerns due to recent accidents, prompting a focus on "full lifecycle safety" practices [1][3] - Zoomlion Heavy Industry Science & Technology Co., Ltd. (Zoomlion) has established itself as a leader in the tower crane market, with consistent global sales leadership and significant growth in overseas markets [1][2] - The company has achieved multiple international certifications, making it one of the manufacturers with the most international access qualifications in the industry [1][2] Group 1: Safety Practices - Zoomlion has implemented a full lifecycle traceability system for its tower cranes, ensuring quality control from raw material inspection to usage and maintenance [2] - Each component of the cranes is marked with a unique identifier, allowing for complete tracking of materials back to their source [2] - The company has adopted automation in its production line, enhancing efficiency by 20% through the use of unmanned equipment [2] Group 2: Regulatory Environment - The Chinese government has introduced laws and regulations, such as the Special Equipment Safety Law, to enhance safety supervision and management in the tower crane sector [3] - The safety of tower cranes is viewed as a systemic issue that requires collaboration among various stakeholders, including manufacturers, operators, and regulatory bodies [3] - Zoomlion has advocated for improved safety measures and has established a set of core safety standards to elevate industry safety practices [3] Group 3: Strategic Projects - The Yarlung Tsangpo River Hydropower Station project is expected to positively impact Zoomlion's performance due to its scale and complexity, requiring a diverse range of engineering products [4] - The company is actively involved in this national strategic project, customizing advanced construction equipment to meet specific project requirements [4] - Zoomlion has established ongoing communication with key participants in the Yarlung Tsangpo project to ensure high-quality execution [4]

长沙晚报掌上长沙7月29日讯（全媒体记者 匡小娟）7月29日，"才展三湘云聘优才"2025年湖南省先进制造业骨干 企业与全国重点高校人才供需对接会举行，100余家湖南省先进制造业企业和150余所高校参加对接会。活动当天 达成校企签约意向500余个，签约100余对。 本次对接会由湖南省人力资源和社会保障厅人力资源流动管理处、湖南省教育厅学生处指导，长沙市云研网络科 技有限公司、湖南省先进制造业人才市场、中国（长沙）人力资源服务产业园经开园区主办，旨在发挥人力资源 服务精准匹配功能，助力"优才来湘"及大学生创业"七个一"行动落地。 据悉，本次对接会将持续至7月30日，通过线上线下联动，拓展对接维度。线下设置多个功能专区，政策咨询区提 供"优才来湘""创业在湘"等政策咨询。线上则同步开展云端招聘会（持续至8月底）、政策直播宣讲、企业数字人 直播带岗等活动，实现"云端对接不打烊"。 在企业展示区，五矿二十三冶建设集团有限公司招聘经理林荷正给高校介绍企业人才需求及人才培养体系，忙得 不亦乐乎。 "以往我们与高校的沟通需逐家推进，效率相对有限。而此次对接会有效整合了资源，使我们能够一次性对接百余 家企业，降低了沟通成本与 ...

Group 1: Suspension and Resumption of Trading - Sinochem International plans to acquire 100% equity of Nantong Xingchen from Bluestar Group through share issuance, leading to the resumption of its stock trading [1] Group 2: Mergers and Acquisitions - Xuefeng Technology intends to acquire 51% equity of Shengshi Putian for 154 million yuan [2] Group 3: Investment Cooperation and Operational Status - Hengshuai Co., Ltd. has adopted harmonic magnetic field motor technology to provide customized solutions in the humanoid robot field [3] - Fuchun Dyeing and Weaving focuses on new business applications of PEEK, including semiconductor, medical devices, and lightweight solutions for humanoid robots [3] - Jingsong Intelligent is progressing as planned in the development of its first-generation wheeled humanoid robot product [3] - Annoqi's production project for 30,000 tons of dye intermediates in Yantai is expected to be operational by December 31, 2025 [3] - Fosun Pharma signed a licensing agreement with Newco for the development rights of the AR1001 drug in China [4] - Sanxiang New Materials' subsidiary Liaoning Huaxiang plans to invest no more than 300 million yuan in a zirconium-hafnium separation project [5] - Shandong Gold's Shanjin International plans to issue H-shares and apply for listing on the main board of the Hong Kong Stock Exchange [6] - Hengxin Life intends to invest 505 million yuan in the construction of a biodegradable product production base [7] - Zoomlion has won bids in ongoing projects for hydropower in Yaxi [8] - Huhua Co., Ltd. plans to raise no more than 586 million yuan through a private placement, with net proceeds allocated to various projects including the automation and information transformation of civil explosive production lines [8] Group 4: Performance Changes - WuXi AppTec's net profit for the first half of 2025 is projected to be 8.561 billion yuan, a year-on-year increase of 101.92%, with a focus on CRDMO core business [9] - Jucheng Co., Ltd. expects a net profit of 205 million yuan for the first half of 2025, a year-on-year increase of 43.5%, driven by the growing demand for DDR5 memory modules [9] - Zhongke Environmental's net profit for the first half of 2025 is projected to be 196 million yuan, a year-on-year increase of 19.83%, supported by expanded waste treatment and heating markets [9] - Zhongke Sanhuan's net profit for the first half of 2025 is expected to be 43.9931 million yuan, a year-on-year increase of 160.82% [10]

Investment Rating - The report maintains a positive outlook on the mechanical equipment sector, with specific recommendations for companies such as Yingliu Co., Sany Heavy Industry, XCMG, Zoomlion, LiuGong, and Hengli Hydraulic [11]. Core Insights - GEV's new gas turbine orders increased by 35.56% year-on-year in the first half of 2025, indicating a strong demand in the gas turbine industry [25]. - Tesla's humanoid robot, Optimus Gen3, is set to launch a prototype within three months, with production expected to start in early 2026, which is anticipated to positively impact the robotics industry [25]. - The commencement of the Yaxia Hydropower Station project, with an estimated total investment of 1.2 trillion yuan, is expected to accelerate the recovery of domestic engineering machinery sales [25]. - The "Industrial Mother Machine+" initiative is driving domestic substitution and industrial upgrades, particularly in sectors like aerospace and new energy vehicles [25]. - The report highlights a robust demand for engineering machinery, with excavator sales showing resilience and growth in both domestic and international markets [30]. Summary by Sections Market Review - The SW Mechanical Equipment Index rose by 2.56% over the past week, outperforming the CSI 300 Index, which increased by 1.69% [14][15]. Key Data Tracking - General machinery sector remains under pressure, while engineering machinery shows a steady upward trend with excavator sales increasing by 13.3% year-on-year in June 2025 [23][30]. - The gas turbine sector is experiencing a robust upward trend, with GEV's new orders indicating a significant recovery [50]. Industry Dynamics - The report notes a stable growth in railway equipment investments, maintaining around 6% growth in 2025 [39]. - The shipbuilding sector is showing signs of marginal improvement after a period of decline, with new ship price indices stabilizing [41]. - Oil service equipment is showing signs of bottoming out, with global rig counts increasing, indicating a recovery in oil service demand [42].

Investment Rating - The industry investment rating is "Overweight" [12] Core Viewpoints - The commencement of the Yarlung Zangbo River downstream hydropower project is expected to significantly benefit the engineering machinery sector, with a total investment of approximately 1.2 trillion yuan, making it the highest investment project in a single country [5][6] - The project will require a high degree of mechanization, with a projected demand for engineering machinery equipment amounting to about 120 billion yuan, which is estimated to be 10% of the total investment [5][6] - The geological conditions favor the use of tunnel boring machines (TBM), leading to an expected increase in the proportion of TBM construction methods [4][5] Summary by Sections General Engineering Machinery - General engineering machinery such as excavators, cranes, concrete machinery, and aerial work platforms will see increased demand due to the project's construction cycle and local conditions [4] - The demand for larger and electric equipment is anticipated to be higher, reflecting greater profitability for companies [4] Tunnel Boring Machinery - The project will utilize TBM and other drilling equipment, with expectations of more extensive tunnel construction compared to previous projects [4][5] - The average length of tunnels in similar projects has been noted to be around 16.7 kilometers, with the Yarlung Zangbo project expected to have even longer tunnels [4][5] Large Cable Cranes - Large cable cranes will be essential for transporting concrete and installing metal structures in the challenging mountainous terrain [4] Key Beneficiaries - Core companies to focus on include Sany Heavy Industry, XCMG, Zoomlion, LiuGong, and others for general engineering machinery; China Railway Engineering Corporation and others for tunnel boring machinery; and Farlantech for cable cranes [6]

Key Data - The second quarter cost report for 2025 indicates uncertainty in tariff policies, but used construction machinery prices are showing signs of stabilization [3][5] - EquipmentWatch reported a year-over-year decline in resale and auction prices for used equipment, with auction values dropping by 12% [6][4] Key Companies - Volvo CE reported a 6% decline in second-quarter sales, totaling $2.37 billion, with North American sales down 17% [9] - Ritchie Bros completed the acquisition of J.M. Wood Auction, expanding service coverage in Alabama and surrounding states [10][11] - XCMG excavators are aiding the construction of the Yijun high-speed rail hub, showcasing the company's equipment in significant infrastructure projects [38][39] Key Events - The Yarlung Tsangpo River downstream hydropower project has commenced, with an estimated total investment of approximately 1.2 trillion yuan, expected to generate significant demand for construction machinery [48][49] - The G4222 Hubei highway project received 2.169 billion yuan in central funding support and is set to begin construction this year [56][57] - A strategic cooperation agreement was signed between South Road Machinery and China National Materials Construction, indicating potential for collaboration in engineering and equipment manufacturing [18][19] Industry Dynamics - The construction machinery industry is expected to benefit from the Yarlung Tsangpo project, with estimates suggesting a direct demand for up to 200 billion yuan in equipment [49][50] - The introduction of local standards for AI technology in coal mining indicates a push towards modernization and safety in the mining sector [47] - The establishment of a joint venture between Hangcha Group and Manitou Group for lithium battery production reflects a trend towards sustainable energy solutions in industrial vehicles [31][32]