天眼查商业履历信息显示，潍柴重机股份有限公司，成立于1993年，位于潍坊市，是一家以从事通用设 备制造业为主的企业。企业注册资本33132.06万人民币，实缴资本33132.06万人民币。公司法定代表人 为傅强。 通过天眼查大数据分析，潍柴重机股份有限公司共对外投资了9家企业，参与招投标项目582次，知识产 权方面有商标信息2条，专利信息939条，此外企业还拥有行政许可38个。 来源：金融界 金融界消息 截至2025年8月5日收盘，潍柴重机（000880）报收于42.81元，下跌0.37%，换手率5.57%， 成交量9.04万手，成交金额3.86亿元。 资金流向方面，今日主力资金净流出2021.96万元，占比成交额5.24%。其中，超大单净流出1070.06万 元、占成交额2.77%，大单净流出951.90万元、占成交额2.46%，中单净流出流入541.30万元、占成交额 1.4%，小单净流入1480.66万元、占成交额3.83%。 潍柴重机最新一期业绩显示，截至2025一季报，公司营业总收入10.67亿元、同比增长21.43%，归属净 利润3180.46万元，同比增长33.18%，扣非净利润2637.66万 ...

Summary of Key Points from Conference Call Records Industry Overview - The conference call discusses the AI industry and related infrastructure investments, particularly focusing on data centers and associated equipment such as cooling systems, gas turbines, and diesel generators [1][2][3]. Core Insights and Arguments - **Capital Expenditure Trends**: Meta has raised its 2025 capital expenditure (Capex) forecast to $66-72 billion, with a similar increase expected for 2026, indicating strong investment in computing power by cloud service providers [1][2]. - **Domestic Market Recovery**: The release of NVIDIA's H20 and H25 signifies a return of domestic computing power investments, alleviating concerns about the market's performance in the latter half of the year [3]. - **Cooling Technology Growth**: The global liquid cooling market is projected to grow from $5 billion in 2024 to over $20 billion by 2030, with a domestic growth rate expected to exceed 70% [1][6]. - **Gas Turbine Demand**: The demand for gas turbines is expected to rise due to increased electricity consumption in data centers, with projections indicating that by 2028, data centers in the U.S. will account for over 10% of total electricity consumption [1][10]. Important but Overlooked Content - **Performance of Leading Companies**: Companies like Johnson Controls and Trane Technologies are experiencing significant growth in their data center business, with Johnson Controls' orders in the first half of FY 2024 surpassing the total for FY 2023, and sales doubling [1][7]. - **Investment Opportunities in Diesel Engines**: The diesel engine market is facing a global supply shortage, with Cummins reporting a 20% growth in its power generation business and a 70% increase in sales in China [4][13]. - **Market Dynamics for Gas Turbines**: The gas turbine market is highly concentrated, with leading companies like 应流股份 (Yingliu) and 万泽 (Wanze) positioned to benefit from domestic demand and the shift towards localized production [12][10]. - **Future Growth Projections**: The compound annual growth rate (CAGR) for data center construction and related infrastructure is expected to exceed 30% over the next 3 to 5 years, driving demand for cooling equipment, gas turbines, and diesel generators [15]. Recommendations - **Investment Recommendations**: Companies such as Ice Wheel Environment, 应流股份 (Yingliu), and 潍柴重机 (Weichai Heavy Industry) are highlighted as potential investment opportunities due to their strong market positions and growth prospects in the context of rising demand for data center infrastructure [8][15].

Investment Rating - The report maintains a "Recommended" rating for the electric power equipment sector [4][15]. Core Viewpoints - The increase in capital expenditures (CapEx) by major overseas tech companies such as Google, Meta, Microsoft, and Amazon validates the high prosperity of the AI and computing power industry, indicating a long-term growth opportunity in the computing infrastructure sector [12][13][14]. - The urgency for domestic computing power autonomy is highlighted by the recent security issues surrounding NVIDIA chips, which may accelerate the development of domestic chip manufacturers [14]. Summary by Sections Investment Insights - The report emphasizes that the power generation sector remains a logical choice for both volume and profit growth, recommending companies like Weichai Heavy Machinery, and also suggests focusing on the gradually increasing penetration of HVDC segments with companies like Kehua Data, Hewei Electric, and Tonghe Technology [4][14]. - It also highlights the benefits for server power supplies and liquid cooling segments, recommending companies such as Invec, Shenling Environment, and Oulu Tong [4][14]. Industry Dynamics - The report notes that major tech companies have collectively raised their 2025 capital expenditure plans, reflecting sustained demand for computing power driven by AI [12][13]. - It mentions that the domestic computing power industry is expected to see accelerated growth due to increased focus on data security and core technology autonomy [14]. Key Companies and Earnings Forecast - The report provides a table of key companies with their earnings per share (EPS) and price-to-earnings (PE) ratios, indicating a bullish outlook for companies like Magpower and Shenling Environment, which are rated as "Buy" [16][17].

Core Viewpoint - Weichai Heavy Machinery Co., Ltd. reported a revenue increase and profit growth in its latest quarterly results, indicating a positive financial performance despite a slight decline in stock price and net outflow of funds on the trading day [1][2]. Financial Performance - As of the first quarter of 2025, Weichai Heavy Machinery achieved total operating revenue of 1.067 billion yuan, representing a year-on-year growth of 21.43% [1] - The net profit attributable to shareholders was 31.8046 million yuan, up 33.18% year-on-year [1] - The non-recurring net profit was 26.3766 million yuan, reflecting an 18.16% increase compared to the previous year [1] - The company's liquidity ratios were reported as follows: current ratio at 1.074, quick ratio at 0.848, and debt-to-asset ratio at 68.49% [1] Stock Performance - On August 1, 2025, Weichai Heavy Machinery's stock closed at 43.28 yuan, down 0.67% [1] - The trading volume was 129,000 hands, with a total transaction amount of 562 million yuan [1] - The net outflow of main funds was 32.0293 million yuan, accounting for 5.7% of the transaction amount [1] - Large orders saw a net outflow of 25.0913 million yuan, while small orders experienced a net inflow of 49.8585 million yuan [1] Company Overview - Weichai Heavy Machinery was established in 1993 and is located in Weifang City, primarily engaged in general equipment manufacturing [2] - The company has a registered capital of 331.3206 million yuan, which is also its paid-in capital [1][2] - The legal representative of the company is Fu Qiang [1] Investment and Intellectual Property - Weichai Heavy Machinery has made investments in 9 external enterprises and participated in 581 bidding projects [2] - The company holds 2 trademark registrations and 939 patents, along with 38 administrative licenses [2]

Group 1 - A total of 41 stocks appeared on the weekly trading list, with 25 showing net purchases from the Shenzhen Stock Connect [1] - The top three stocks with the highest net purchases were Shenghong Technology (65.95 million), Guangxun Technology (39.91 million), and Shenzhen South Circuit (24.06 million) [1] - The average increase for stocks with net purchases was 15.01%, outperforming the Shanghai Composite Index, which fell by 0.94% [1] Group 2 - The stocks with the highest net sales included Pengding Holdings (29.77 million) and Weichai Heavy Industry (13.68 million) [2] - The stock with the largest increase was Guangsheng Hall, which rose by 36.42% during the week [1] - The trading volume for stocks with net purchases varied significantly, with some stocks like Shubeide showing a turnover rate of 166.64% [1]

Group 1 - The stock price of Weichai Heavy Machinery reached 43.57 yuan as of July 31, 2025, reflecting an increase of 0.95% compared to the previous trading day, with a trading volume of 1.323 billion yuan and a turnover rate of 18.56% [1] - Weichai Heavy Machinery operates in the general equipment manufacturing industry, focusing on the research, production, and sales of diesel engines, generator sets, and related components. The company is a key enterprise in Shandong Province and is involved in concepts such as generator sets and the Shenzhen-Hong Kong Stock Connect [1] - On the evening of July 31, Weichai Heavy Machinery announced that its second extraordinary general meeting of shareholders in 2025 approved several resolutions, including adjustments to related party transactions with Weichai Power and its subsidiaries [1] Group 2 - On July 31, the net outflow of main funds for Weichai Heavy Machinery was 10.1878 million yuan, accounting for 0.14% of the circulating market value [2]

Group 1 - The core point of the article is that Weichai Heavy Machinery held its second extraordinary general meeting of shareholders in 2025 on July 31, where several proposals were approved, including adjustments to related transactions with Weichai Power and its subsidiaries [2] Group 2 - The company approved the proposal regarding the procurement of diesel engines and related products, raw materials, and acceptance of labor and technical services from Weichai Power and its subsidiaries [2]

二〇二五年七月 潍柴重机股份有限公司 Weichai Heavy Machinery Co.,Ltd. 公 司 章 程 (经 2025 年 7 月 31 日公司 2025 年第二次临时股东大会审议通过) 第一章 总则 第一条 为维护潍柴重机股份有限公司（以下简称"公司"或"上市公司"）、股东、职 工和债权人的合法权益，规范公司的组织和行为，根据《中华人民共和国公司法》（以下简称 "《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司章 程指引》《深圳证券交易所股票上市规则》《中国共产党章程》（以下简称"《党章》"）和 其他有关规定，制定本章程。 | 第一章 | 总则 | 3 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 4 | | 第三章 | 股份 | 5 | | 第一节 | 股份发行 | 5 | | 第二节 | 股份增减和回购 | 5 | | 第三节 | 股份转让 | 6 | | 第四章 | 股东和股东会 | 7 | | 第一节 | 股东 | 7 | | 第二节 | 控股股东和实际控制人 | 9 | | 第三节 | 股东会的一般规定 | 10 | ...

潍柴重机股份有限公司 Weichai Heavy Machinery Co.,Ltd. 股东会议事规则 (经 2025 年 7 月 31 日公司 2025 年第二次临时股东大会审议通过) 二〇二五年七月 | 目录 | | --- | | 第一章 | 总则 3 | | --- | --- | | 第二章 | 股东会的召集 4 | | 第三章 | 股东会的提案与通知 5 | | 第四章 | 股东会的召开 6 | | 第五章 | 附则 11 | 第一章 总则 第一条 为规范潍柴重机股份有限公司（以下简称"公司"）股东会议事行为，保证股东 会依法行使职权，提高股东会议事效率，根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》、 《潍柴重机股份有限公司章程》（以下简称"《公司章程》"）以及国家现行的相关法律、法 规和规范性文件的有关规定，制定本规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用本规则。 第三条 公司应当严格按照法律、行政法规、本规则及《公司章程》的相关规定召开股东 会，保证股东能够依法行使权利。 第四条 公司董事 ...

潍柴重机股份有限公司 Weichai Heavy Machinery Co.,Ltd. 第二章 董事会的组成及其职权 (经 2025 年 7 月 31 日公司 2025 年第二次临时股东大会审议通过) 二〇二五年七月 | 第一章 | 总则 | 3 | | --- | --- | --- | | 第二章 | 董事会的组成及其职权 | 3 | | 第三章 | 董事长及其职权 | 4 | | 第四章 | 董事会会议的召开程序 | 5 | | 第五章 | 董事会会议表决程序 | 6 | | 第六章 | 董事会决议公告和执行 | 7 | | 第七章 | 董事会会议文档管理 | 7 | | 第八章 | 附则 | 8 | 第一章 总则 董事会议事规则 第一条 为进一步完善公司法人治理结构，规范董事会的运作，提高董事会的工作效 率和科学决策能力，保证公司董事会依法行使权力，根据《中华人民共和国公司法》（以下 简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司治理 准则》、《深圳证券交易所股票上市规则》（以下简称"《股票上市规则》"）、《潍柴重机股份 有限公司章程》（以下简称"《公司章程》"） ...