格隆汇2月9日丨徐工机械(000425.SZ)涨5.76%，报12.110元，股价创历史新高，总市值1423.28亿元。 ...

来源：新浪基金∞工作室 2月9日，基建ETF华夏（159635）开盘涨0.00%，报1.152元。基建ETF华夏（159635）重仓股方面，中 国建筑开盘涨0.59%，中国中铁涨1.09%，中国电建涨0.54%，徐工机械涨1.83%，中联重科涨2.14%，三 一重工涨1.74%，中国铁建涨0.55%，中国能建涨0.83%，中国交建涨0.49%，金诚信涨2.28%。 基建ETF华夏（159635）业绩比较基准为中证基建指数收益率，管理人为华夏基金管理有限公司，基金 经理为严筱娴，成立（2022-06-28）以来回报为15.34%，近一个月回报为1.19%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 ...

股 票 研 究 投资要点： [Table_Report] 相关报告 机械行业《马斯克将 Optimus 上升至星级文明高 度，力控技术助力机器人更会动》2026.02.07 机械行业《出口链月度跟踪：汇率与运价边际回 落，海外需求结构分化》2026.02.04 机械行业《杭汽轮自主燃机获取商业化合同， "B 转 A"加速推进》2026.02.04 机械行业《液氧/氮周均价环比略涨；杭氧中标西 非地区某炼油厂配套制氮设备项目》2026.02.02 机械行业《Figure 发布 Helix 02 大模型；特斯拉 预计年底前实现 Optimus V3 量产》2026.02.01 股票研究 /[Table_Date] 2026.02.08 工程机械销量高增，SpaceX 规划给予光伏设备增量空间 [Table_Industry] 机械行业 机械行业周报 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 肖群稀(分析师) | 0755-23976830 | xiaoqunxi@gtht.com | S0880522120001 | | ...

投资建议 见"股票组合"。 行情回顾 本周板块表现：上周（2026/2/2-2026/2/6）5 个交易日，SW 机械设备指数上涨 0.38%，在申万 31 个一级行业分 类中排名第 11；同期沪深 300 指数下跌 1.33%。2026 年至今表现：SW 机械设备指数上涨 6.72%，在申万 31 个一 级行业分类中排名第 9；同期沪深 300 指数上涨 0.29%。 核心观点 风险提示 宏观经济变化风险；原材料价格波动风险；政策变化的风险。 敬请参阅最后一页特别声明 1 工程机械全球大周期向上，土方内外销超预期。根据中国工程机械工业协会，2026 年 1 月销售各类挖掘机 1870 8 台，同比增长 49.5%。其中国内销量 8723 台，同比增长 61.4%；出口量 9985 台，同比增长 40.5%，土方内外 销超预期。25Q4 卡特彼勒工程机械板块北美、EAME、亚太、拉丁美洲收入增速分别为+23%、+18%、-7%、+6%，2 5Q3 北美、EAME、亚太、拉丁美洲收入增速分别为+8%、+6%、+3%、-1%，工程机械板块北美、EAME 地区加速增 长，拉美转正，中国工程机械内外销加速叠加海外龙头 ...

股 票 研 究 工程机械销量高增，SpaceX 规划给予光伏设备增量空间 [Table_Industry] 机械行业 机械行业周报 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 肖群稀(分析师) | 0755-23976830 | xiaoqunxi@gtht.com | S0880522120001 | | 刘麒硕(分析师) | 0755-23976666 | liuqishuo@gtht.com | S0880525080005 | 本报告导读： 上周（2026/2/2-2026/2/6）机械设备指数涨跌幅为+0.57%。挖机、装载机销量高增； SpaceX 收购 xAI，申请部署百万颗卫星，太空光伏打开设备增量空间。 投资要点： [Table_Report] 相关报告 机械行业《马斯克将 Optimus 上升至星级文明高 度，力控技术助力机器人更会动》2026.02.07 机械行业《出口链月度跟踪：汇率与运价边际回 落，海外需求结构分化》2026.02.04 机械行业《杭汽轮自主燃机获取商业化合同， "B 转 A"加 ...

Core Viewpoint - The new energy heavy truck market in China experienced a strong start in January 2026, with overall sales reaching 20,600 units, a year-on-year increase of 184% [1]. Group 1: New Energy Tractor Truck Market Performance - In January 2026, 15,500 new energy tractor trucks were added, marking a year-on-year increase of 167% but a month-on-month decrease of 46% [2][3]. - The January sales of new energy tractor trucks were approximately 10,000 units higher than in January 2025, representing a 2.67 times increase compared to the same month last year [3]. - The 167% year-on-year growth rate for new energy tractor trucks was 17 percentage points lower than the overall growth rate of the new energy heavy truck market [3]. Group 2: Regional Market Insights - In January, all 30 provincial-level administrative regions in China reported new energy tractor truck additions, with 22 regions adding over 100 units each [4]. - Shanghai led the regions with over 3,000 new energy tractor trucks added, followed by Shanxi, Guangdong, Hebei, and Xinjiang, each with over 1,000 units [4]. Group 3: Company Sales Performance - In January 2026, 14 companies sold over 100 new energy tractor trucks, with 10 companies exceeding 500 units and 6 companies surpassing 1,000 units [8]. - XCMG topped the sales chart with 2,143 units sold, followed by SANY, Heavy Truck, and Jiefang, each selling over 1,500 units [8][9]. - The top ten companies in terms of sales saw significant year-on-year growth, with Dongfeng and United Heavy Truck achieving increases of 170% and 1,706%, respectively [11]. Group 4: Market Share Analysis - In January 2026, four companies held over 10% market share in the new energy tractor truck market, with XCMG at 13.9%, SANY at 12.9%, Heavy Truck at 12.0%, and Jiefang at 11.5% [14]. - The market share of Dongfeng and Shaanxi exceeded 6%, while several other companies maintained shares above 3% [14]. - Changes in rankings were noted, with Jianghuai returning to the top ten list, and SANY, Heavy Truck, and Dongfeng all moving up in the rankings compared to December 2025 [15]. Group 5: Future Outlook - The new energy tractor truck market continued its growth momentum in January 2026, achieving a year-on-year growth rate of 167% [17]. - The sustainability of this growth trend in the coming months remains a point of interest for industry observers [17].

Core Viewpoint - The Ministry of Industry and Information Technology (MIIT) has released a public list of green factories and green industrial parks for the year 2025, highlighting the importance of sustainable development in the manufacturing sector [2]. Group 1: Green Factories and Industrial Parks - The list includes newly cultivated green factories and industrial parks, as well as those undergoing dynamic management adjustments, which were recommended by provincial industrial and information departments and reviewed by experts [4]. - Notable companies included in the list are Beijing Haibo Sichuang Technology Co., Ltd., Envision Energy Technology (Jiangsu) Co., Ltd., and Honeycomb Energy Technology Co., Ltd. [3][4]. Group 2: Contact Information and Public Notice - The public notice period for the list is from February 5, 2026, to February 19, 2026, during which any objections can be submitted to the MIIT [5]. - The contact unit for inquiries is the Energy Conservation and Comprehensive Utilization Department of the MIIT, with a provided contact number for further communication [5].

Group 1 - The engineering machinery sector increased by 1.95% on February 4, with Hengli Hydraulic leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] - Key stocks in the engineering machinery sector showed significant price increases, with Hengli Hydraulic rising by 4.53% to a closing price of 119.87 [1] Group 2 - The engineering machinery sector experienced a net outflow of 384 million yuan from institutional investors, while retail investors saw a net inflow of 185 million yuan [2] - The trading volume for major stocks varied, with Huadong Heavy Machinery seeing a trading volume of 468,700 shares and a closing price of 7.00, up 4.17% [2] - The overall market sentiment reflected mixed movements, with some stocks like Weiman Sealing and Hailun Zhe showing declines of 2.79% and 2.03% respectively [2] Group 3 - Major stocks such as Huadong Heavy Machinery and Tongli Co. experienced differing net inflows from institutional and retail investors, indicating varied investor sentiment [3] - The net inflow for Tongli Co. was 22.20 million yuan from retail investors, while it faced a net outflow of 32.39 million yuan from institutional investors [3] - The data indicates a complex interaction between institutional and retail investors within the engineering machinery sector, highlighting potential investment opportunities and risks [3]

Summary of Conference Call Notes Industry Overview - The global construction machinery industry is entering an upward demand cycle, supported by various factors, with a notable shift from earthmoving to both earthmoving and non-earthmoving equipment in 2023 [1][2] - Monthly data indicates that exports of excavators from China and Japan to regions such as North America, Latin America, Africa, the Middle East, and South Asia have shown high growth in December [1] Key Financial Insights - Leading companies in the sector reported significant revenue growth in Q4 2025: - North America: +23% - EAME (Europe, Africa, and the Middle East): +18% - Asia-Pacific: -7% - Latin America: +6% [1] - Caterpillar's construction machinery revenue growth in Q3 2025 was as follows: - North America: +8% - EAME: +6% - Asia-Pacific: +3% - Latin America: -1% - The construction machinery sector in North America and EAME is accelerating, while Latin America has shown signs of recovery [1] Regional Demand Drivers - Southeast Asia's demand is driven by mining and urbanization, while Latin America's demand is supported by real estate and mining sectors. The Middle East and North Africa are focusing on infrastructure and mining [2] - Domestic demand in China is expected to benefit from the renewal cycle, second-hand equipment exports, and large infrastructure projects, with earthmoving demand leading the way [2] Future Projections - The domestic construction machinery market is projected to grow by over 10% in 2026, with export growth expected to exceed 15% [2] - The domestic market is anticipated to be a stable growth driver, while exports will contribute significantly to profit elasticity [2] Investment Recommendations - Long-term sector allocation is advised, with specific recommendations for companies such as XCMG, Hengli Hydraulic, SANY Heavy Industry, Zoomlion, and LiuGong [3]

Group 1 - The engineering machinery sector experienced a significant increase of 6.35% on February 3, with construction machinery leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] - Key stocks in the engineering machinery sector showed notable price increases, with Construction Machinery rising by 9.95% to a closing price of 4.53 [1] Group 2 - The main capital inflow in the engineering machinery sector was 1.283 billion yuan, while retail investors saw a net outflow of 817 million yuan [2] - Major stocks such as Sany Heavy Industry and Zoomlion received significant net inflows from institutional investors, with Sany Heavy Industry attracting 675 million yuan [3] - The overall trading volume for the engineering machinery sector was substantial, with individual stocks like Zoomlion and Sany Heavy Industry contributing significantly to the total turnover [1][2]