证券之星消息，9月1日工程机械板块较上一交易日上涨1.35%，福事特领涨。当日上证指数报收于 3875.53，上涨0.46%。深证成指报收于12828.95，上涨1.05%。工程机械板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 301446 | 福事特 | 30.80 | 8.91% | 5.28万 | | 1.60亿 | | 603298 | 杭叉集团 | 24.87 | 7.11% | 21.57万 | | · 5.23亿 | | 000425 | 徐工机械 | 68'6 | 3.45% | 125.60万 | | 12.29亿 | | 002685 | 华东重机 | 9.18 | 2.80% | 109.53万 | | 9.88.6 | | 605389 | 长龄液压 | 46.42 | 2.54% | 3.41万 | | 1.61亿 | | 601100 | 恒立液压 | 91.30 | 2.10% | 9.18万 | | 8.25亿 | | 60 ...

股票研究/[Table_Date] 2025.09.01 农业机器人迎"AI"机遇，金火机床项目开工 [Table_Industry] 机械制造业 ——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 | | 黄龙(分析师) | 021-38031028 | huanglong@gtht.com | S0880525070027 | 本报告导读： 上周（2025/8/25-2025/8/29）机械设备指数涨跌幅为+1.15%。国务院发"AI+"意 见助农业机器人发展；金火科技高端机床及自动化产线项目动工；通用技术国测时 栅与西门子就机床合作达共识。 行 投资要点： 力边界持续突破》2025.08.24 机械制造业《具身智能重要方案发布，商业低轨 卫星密集升空》2025.08.10 机械制造业《上海助推具身智能产业集群发展， 多款机器人产品亮相 2025 世界机器人大会》 2025.08.1 ...

徐工机械涨1.88%，报9.74元/股，股价再创新高，总市值突破1144.73亿元，成交额达5273.64万元。 （第一财经AI快讯） ...

Core Viewpoint - The performance of the engineering machinery industry shows signs of recovery in the first half of the year, with nine out of ten leading companies reporting year-on-year growth in net profit, except for Anhui Heli, which experienced a slight decline [1] Group 1: Company Performance - Sany Heavy Industry achieved the highest net profit of 52.16 billion yuan, with a year-on-year growth rate of 46% [2] - XCMG Machinery, despite being the largest in terms of revenue, reported a net profit of 43.58 billion yuan, with a growth rate of 16.63% [2] - Zoomlion's net profit reached 27.65 billion yuan, growing by 20.84% year-on-year [2] - Anhui Heli was the only company to report a decline in net profit, which was 7.96 billion yuan, down 4.6% [2][6] Group 2: Market Trends - The overall demand for engineering machinery is closely related to fixed asset investment, influenced by macroeconomic cycles, indicating a cyclical nature of the industry [5] - XCMG's overseas revenue reached 255.46 billion yuan, growing by 16.64%, with export revenue hitting a record high of 211.23 billion yuan, up 21.1% [3] - Zoomlion's overseas revenue also grew to 138.15 billion yuan, with a year-on-year increase of over 14% [5] Group 3: International Comparison - Caterpillar reported a sales revenue of approximately 30.8 billion USD (about 219.7 billion yuan), a year-on-year decline of 5% [7] - Komatsu's net sales for the first quarter of the 2025 fiscal year were 909.5 billion yen (about 44.1 billion yuan), down 5.2% year-on-year [8]

机械 全面上行，各细分板块目前到什么阶段了 20250831 摘要 冰轮环境 AI 业务增长迅速，预计明年占比将达 45%，公司整体增速预 计为 25%-30%，当前估值较低，三季报发布时股价有望显著上涨，市 值或有 40%左右的增长空间。 联德股份受益于 AI 业绩拉动，产能规划显示未来收入可观，但近期股价 受减持公告和市场对其产能兑现的疑虑影响。华泰证券机械团队对其产 能消化能力持乐观态度，认为其未来估值有望提升。 新旗微装扩产计划将带来较大的业绩弹性，利润率水平较高，估值弹性 大，公司整体具有翻倍的空间。 大族数控受益于 AI PCB 趋势，预计订单量级可达 100 亿，收益率空间 约 40%。快克智能在半导体和 3C 领域具有高附加值业务，与奕瑞科技 类似，建议重点关注。 新能源装备周期下行阶段，合同负债和存货指标下降，表明订单减少， 基本面下行。光伏设备行业利润尚可，但 2025 年下半年现金流可能恶 化，订单未见复苏，行业远未出清。 Q&A 今年下半年到明年，华泰证券机械团队对哪些板块进行了重点推荐和分析？ 华泰证券机械团队在今年下半年到明年重点推荐和分析了 AI 相关产业链，包括 AIDC、PC ...

长江商报消息 ●长江商报记者 徐佳 作为工程机械行业的龙头企业，重组完成三年以来，徐工机械（000425.SZ）持续焕发活力。 日前，徐工机械发布半年报。2025年上半年，徐工机械实现营业收入548.08亿元，同比增长8.04%；归 属于上市公司股东的净利润（净利润，下同）43.58亿元，同比增长16.63%；扣除非经常性损益后的净 利润（扣非净利润，下同）44.67亿元，同比增长35.57%。公司连续两年半业绩提升。 不仅如此，2025年上半年，徐工机械的毛利率为22%，同比提升0.7个百分点；经营活动产生的现金流 量净额37.25亿元，同比增长107.56%，经营质量同步优化。 目前，徐工机械的主要产品中，汽车起重机、随车起重机、压路机等16类主机位居国内行业第一。 长江商报记者注意到，近年来，徐工机械加速布局全球化，同时持续推进技术创新，强化长期竞争优 势。2025年上半年，徐工机械海外收入规模255.46亿元，同比增长16.64%，占总体收入比例提高至 46.61%，其中出口收入211.23亿元，同比增长21.1%，创历史新高。 2025年上半年，徐工机械的研发投入为26.35亿元，同比增长5.14% ...

轮式起重机上半年同比转正。轮式起重机穿越了自2021 年以来连续4 年的国内行业下行周期，上半年内 销转正，出口收入同比增长，综合市场占有率稳步攀升，牢牢占据行业第一。受风电市场带动，履带吊 公司收入同比增长约40%，综合市场占有率保持行业第一。随车起重机公司保持高质量稳健成长，新能 源、后市场收入同比增长均超120%。 公司发布2025 年半年度报告。2025 年上半年，公司实现收入548 亿元，同比增长8%；归母净利润43.6 亿元，同比增长16.6%；扣非归母净利润44.7 亿元，同比增长35.6%。2025 年Q2 公司实现营收280 亿 元，同比增长5.4%，归母净利润23.4 亿元，同比增长9.3%，扣非归母净利润24.6亿元，同比增长35%； 净经营性现金流为29 亿元，同比增长96.6%；毛销差18.7%，同比提升1.2pct。公司现金流增速高于扣非 利润增速，经营质量向好。 公司收入结构优化。从市场结构看，国际化收入增长16.64%，从业务结构看，后市场收入增长 33.23%；战略新兴产业同比增长12.18%。从产品结构看，新能源产品收入同比增长9.43%；高端产品收 入同比增长41.44% ...

Core Insights - XuGong Machinery (000425) reported a total revenue of 54.808 billion yuan for the first half of 2025, an increase of 8.04% year-on-year, and a net profit attributable to shareholders of 4.358 billion yuan, up 16.63% year-on-year [1][2] Financial Performance - Total revenue for Q2 2025 reached 27.993 billion yuan, reflecting a year-on-year increase of 5.41% - Net profit for Q2 2025 was 2.336 billion yuan, showing a year-on-year growth of 9.33% [1] - Gross margin improved to 22.03%, up 3.28% year-on-year, while net margin increased to 8.06%, a rise of 7.73% year-on-year [1] - Total operating expenses (selling, administrative, and financial expenses) amounted to 4.041 billion yuan, accounting for 7.37% of revenue, a decrease of 25.73% year-on-year [1] Key Financial Ratios - Earnings per share (EPS) rose to 0.37 yuan, an increase of 15.62% year-on-year - Operating cash flow per share reached 0.32 yuan, up 108.66% year-on-year [1] - The ratio of accounts receivable to net profit was notably high at 782.38% [1][4] Cash Flow and Debt Management - Significant changes in cash flow were noted, with net cash flow from operating activities increasing by 107.56% due to improved cash management and collection efforts [2] - The company’s total interest-bearing liabilities rose to 49.483 billion yuan, a 12.86% increase year-on-year [1] Investment Insights - The company’s return on invested capital (ROIC) was reported at 6.72%, indicating average capital returns [2] - Analysts expect the company's performance in 2025 to reach 7.946 billion yuan, with an average EPS forecast of 0.68 yuan [4] Fund Holdings - Notable fund managers, including Xiao Nan from E Fund, have increased their holdings in XuGong Machinery, indicating confidence in the company's growth potential [4][5]

（记者 张喜威） 每经头条（nbdtoutiao）——近120个品牌、1600辆车逐鹿西南！下半年国内首个A级车展开幕：新能 源"第三极"将改写车市格局 每经AI快讯，徐工机械（SZ 000425，收盘价：9.56元）8月30日发布公告称，公司第九届第三十七次董 事会会议于2025年8月28日以现场和通讯相结合的方式召开。会议审议了《关于计提减值准备的议案》 等文件。 2025年1至6月份，徐工机械的营业收入构成为：专用机械设备修理业占比100.0%。 ...

徐工机械8月29日披露半年报，公司上半年实现营业收入548.08亿元，同比增长8.04%；归属于上市公司 股东的净利润43.58亿元，同比增长16.63%；基本每股收益0.37元。 ...