证券代码：000880 证券简称：潍柴重机 公告编号：2025-026 潍柴重机股份有限公司 为进一步加强与投资者的互动交流，潍柴重机股份有限公司（以下简称"公 司"）将参加由山东证监局、山东上市公司协会与深圳市全景网络有限公司联合 举办的"2025 年山东辖区上市公司投资者网上集体接待日活动"，现将相关事项 公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）；或关注微信公众号（名称：全景财经）；或下载全景路 演 APP,参与本次互动交流。活动时间为 2025 年 5 月 15 日（周四）15:00-16:30。 届时公司高管将在线就公司 2024 年度业绩、公司治理、发展战略、经营状 况、融资计划和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢 迎广大投资者踊跃参与！ 特此公告。 潍柴重机股份有限公司董事会 二〇二五年五月十三日 关于参加 2025 年山东辖区上市公司投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 ...

证券代码：000880 证券简称：潍柴重机 潍柴重机股份有限公司投资者关系活动记录表 编号：20250512 | | ☑特定对象调研 □分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | 活动类别 | ☑现场参观 | | | □其他（请文字说明其他活动内容） | | | 广发证券 黄晓萍 | | 参与单位名称 | 悦溪投资 李晓光 | | | 鸿道投资 赵 云 | | 及人员姓名 | 道仁资产 陈跃雄 | | | 中加基金 苗 超 | | 时间 | 2025 年 5 月 12 日 13:30-15:00 | | 地点 | 公司会议室 | | 上市公司接待人 | 温涛、盛卫宁、柳国超 | | 员姓名 | | | | 来访者首先参观了公司大缸径材料成型中心，随后在公司会 | | | 议室就关注问题与公司进行交流，交流内容主要包括： | | | 1.简单介绍下公司 2024 年及 2025 年一季度的经营情况。 | | | 2024 年，面对复杂多变的内外部环境及竞争激烈的行业发展 | | | 态势，公司最终实现公司运行平稳发展。报 ...

Investment Rating - The report maintains a "Recommended" investment rating for the power equipment sector [6][16]. Core Viewpoints - OpenAI plans to expand its $500 billion U.S. data center project, Stargate, and increase overseas investments, indicating a sustained positive outlook for the AIDC (AI Data Center) segment [5][15]. - The competition in AI is expected to intensify, and investments in AIDC will continue to show an upward trend, regardless of future U.S. chip restrictions [5][15]. - The report highlights that the power generation sector remains the most logical area for growth, recommending关注潍柴重机 (Weichai Heavy Machinery) [6][15]. Summary by Sections Investment Viewpoints - The report emphasizes that the power generation sector is experiencing simultaneous growth in volume and profit, with a recommendation to focus on Weichai Heavy Machinery. It also suggests monitoring the HVDC segment, recommending 科华数据 (Kehua Data) and 通合科技 (Tonghe Technology), and highlights opportunities in server power and liquid cooling segments, recommending 英维克 (InvoTech), 申菱环境 (Shenling Environment), and 欧陆通 (Oulutong) [6][15]. Industry Dynamics - OpenAI's expansion of its data center project is aimed at promoting "democratic AI" development, with no details on financing or delivery methods disclosed. The report notes that capital expenditures are still growing rapidly, indicating a strong demand for AIDC construction [18]. - The report also tracks the industrial robot reducer market, noting a projected demand of 1.366 million units in 2024, a year-on-year increase of 14.85% [19]. Key Companies and Earnings Forecast - The report provides earnings forecasts for several companies, including: - 潍柴重机 (Weichai Heavy Machinery): EPS of 0.56 in 2024, 0.98 in 2025E, and 1.52 in 2026E [8][17]. - 科华数据 (Kehua Data): EPS of 0.68 in 2024, 1.29 in 2025E, and 1.66 in 2026E [8][17]. - 英维克 (InvoTech): EPS of 0.61 in 2024, 0.83 in 2025E, and 1.09 in 2026E, with a "Buy" rating [8][17]. - 通合科技 (Tonghe Technology): EPS of 0.13 in 2024, 0.38 in 2025E, and 0.69 in 2026E, with an "Increase" rating [8][17]. - 申菱环境 (Shenling Environment): EPS of 0.43 in 2024, 1.05 in 2025E, and 1.33 in 2026E, with a "Buy" rating [8][17].

证券代码：000880 证券简称：潍柴重机 公告编号：2025-025 潍柴重机股份有限公司 关于变更公司董事会秘书的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 传真：0536-2098020 电子邮箱：shengwn@weichai.com 通讯地址：山东省潍坊市滨海经济技术开发区富海大街 17 号 邮政编码：261108 特此公告。 潍柴重机股份有限公司董事会 潍柴重机股份有限公司（下称"公司"或"本公司"）董事会于近日收到公 司董事会秘书温涛先生提交的书面辞职报告。因工作调整，温涛先生申请辞任公 司董事会秘书职务，辞去董事会秘书职务后继续担任本公司财务总监职务，其辞 职报告自送达公司董事会时生效。截至本公告披露日，温涛先生未持有公司股份。 在此，公司董事会对温涛先生在担任公司董事会秘书期间勤勉尽责，为提升 公司规范运作水平、促进董事会科学决策等方面所做出的贡献表示衷心的感谢！ 根据公司经营发展需要，公司于 2025 年 5 月 9 日召开了 2025 年第四次临时 董事会，审议通过了《关于聘任公司董事会秘书的议案》，由公司董事长推荐， 公司董事 ...

证券代码：000880 证券简称：潍柴重机 公告编号：2025-024 潍柴重机股份有限公司 2025年第四次临时董事会会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 潍柴重机股份有限公司（下称"公司"或"本公司"）于 2025 年 5 月 9 日以 通讯表决方式召开了公司 2025 年第四次临时董事会会议（下称"会议"）。会议 通知于 2025 年 5 月 6 日以电子邮件或专人送达方式发出。本次会议应出席董事 8 人，实际出席会议董事 8 人，共收回有效表决票 8 票。会议的召集及召开符合 《公司法》和《公司章程》的有关规定。会议合法有效地审议通过了如下议案： 关于聘任公司董事会秘书的议案 鉴于温涛先生因工作调整辞任公司董事会秘书职务，由公司董事长推荐，并 经董事会提名委员会资格审核通过，同意聘任盛卫宁先生（简历附后）为公司董 事会秘书，聘期至第九届董事会任期届满时止。 本议案已经公司 2025 年第三次提名委员会会议审议通过。 该议案表决结果为：同意 8 票，反对 0 票，弃权 0 票，该议案获得通过。 议案具体内容详见公司同时在巨潮资讯网 ...

Investment Rating - The report maintains a "Buy" rating for several key companies in the semiconductor and AI sectors, including 中芯国际 (SMIC), 海光信息 (Haiguang), and others, indicating strong growth potential in the domestic AI and computing landscape [5][6]. Core Insights - The domestic AI landscape is witnessing significant advancements with the emergence of models like 豆包 (Doubao) and DeepSeek, which are leading the charge in multi-modal and lightweight AI model development, respectively [1][2]. - The report highlights a shift towards domestic computing power solutions, with chip manufacturers rapidly adapting to the evolving AI ecosystem, particularly through advancements in semiconductor processes and AI training capabilities [2][3]. - There is a notable increase in capital expenditure among cloud computing firms, driven by the rising demand for AI computing infrastructure, which is expected to lead to a "volume and price rise" scenario in the cloud computing market [3][4]. Summary by Sections Section 1: Breakthroughs in Domestic AI Models - 豆包 has emerged as a leading multi-modal model, enhancing capabilities in speech, image, and code processing, with a significant release of its visual understanding model in December 2024 [1][11]. - DeepSeek focuses on lightweight model upgrades, achieving a remarkable cost-performance ratio with its DeepSeek-V3 model, which has 671 billion total parameters and costs only 557.6 million USD, positioning it among the world's top models [1][12]. - The rapid iteration of domestic models, including updates from 通义千问 and others, reflects a competitive landscape that is accelerating the development of AI applications [1][34]. Section 2: Advancements in Domestic Computing Power - 中芯国际 is advancing its semiconductor processes, with N+1 and N+2 technologies being developed to support the growing demand for AI chips, achieving significant performance improvements [2][56]. - The report notes that the domestic chip industry is evolving, with companies like 昇腾 (Ascend) and others making strides in AI training and inference capabilities, thereby reducing reliance on international competitors [2][59]. - The cloud computing sector is experiencing a capital expenditure boom, with companies like 华勤 and 浪潮 rapidly deploying servers that are compatible with domestic computing power solutions [3][4]. Section 3: Infrastructure and Supply Chain Developments - The report emphasizes the need for enhanced computing infrastructure to meet the surging demand for AI applications, with significant investments being made in server and power supply innovations [3][4]. - Innovations in power supply and cooling systems, particularly the shift from traditional air cooling to liquid cooling, are becoming essential to support the increasing power density in data centers [4]. - The report identifies key players in the supply chain, including companies in power supply, cooling, and server manufacturing, that are poised to benefit from the growth of the AI and computing sectors [5].

| 601688 | 华泰证 | 5 | 2.08 | 6.01 | 1.76 | | --- | --- | --- | --- | --- | --- | | | 券 | | | | | | 603005 | 晶方科 | 5 | 1.94 | 5.46 | 9.07 | | | 技 | | | | | | 000933 | 神火股 | 7 | 1.91 | 6.53 | 4.81 | | | 份 | | | | | | 300657 | 弘信电 | 5 | 1.79 | 4.55 | 11.37 | | | 子 | | | | | | 688158 | 优刻得 | 5 | 1.78 | 5.36 | 13.31 | | 000630 | 铜陵有 | 5 | 1.71 | 8.40 | 1.58 | | | 色 | | | | | | 300382 | 斯莱克 | 5 | 1.62 | 8.36 | 24.17 | | 688208 | 道通科 | 5 | 1.50 | 5.56 | 14.00 | | | 技 | | | | | | 002558 | 巨人网 | 5 | 1.37 | 5.25 | 11. ...

Investment Rating - The report maintains a "Recommended" rating for the electric power equipment sector [6][16]. Core Viewpoints - The overseas cloud service providers (CSPs) reported better-than-expected Q1 earnings, indicating a clear rebound trend in AI investments. Notably, META revised its 2025 capital expenditure forecast from $60 billion to a range of $64 billion to $72 billion. Google plans to maintain its $75 billion capital expenditure for the year, while Amazon and Microsoft also exceeded revenue and profit expectations for Q1 2025, with Microsoft showing a 53% year-on-year increase in capital expenditure [5][14]. - The domestic AIDC (Artificial Intelligence Data Center) construction is accelerating, and with the upcoming major tenders from potential giants, there is optimism for a rebound in the domestic AIDC sector [5][14]. Summary by Sections Investment Insights - The report highlights that the power generation sector remains a strong area for growth, recommending attention to Weichai Heavy Machinery. It also suggests focusing on the HVDC segment, with recommendations for Kehua Data and Tonghe Technology. Additionally, it points to opportunities in server power supplies and liquid cooling, recommending Yinvike, Shenling Environment, and Oulu Tong [6][15]. Industry Dynamics - The report discusses the launch of the new IP series robot "Xinghangxia P01" by Digital Huaxia, which aims to disrupt the service robot market with its high aesthetics and emotional intelligence [20]. - It notes the release of a list of advanced technology demonstration projects by the National Development and Reform Commission, which includes 12 energy storage projects totaling over 2.455 GW/9.14 GWh [21]. - The report mentions the promotion of private sector development in the energy field by the National Energy Administration, aiming to enhance the role of private enterprises in the green energy transition [21]. 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, highlighting companies like Weichai Heavy Machinery, Kehua Data, Yinvike, Tonghe Technology, Oulu Tong, and Shenling Environment, with various investment ratings ranging from "Buy" to "Increase" [9][19].

Financial Performance - The company's operating revenue for Q1 2025 reached ¥1,066,642,503.89, representing a 21.43% increase compared to ¥878,424,002.91 in the same period last year[5] - Net profit attributable to shareholders was ¥31,804,553.23, up 33.18% from ¥23,880,441.97 year-on-year[5] - Basic and diluted earnings per share both increased to ¥0.10, reflecting a growth of 33.18% from ¥0.07 in the same period last year[5] - Total operating revenue for the current period reached ¥1,066,642,503.89, an increase of 21.4% compared to ¥878,424,002.91 in the previous period[24] - Net profit for the current period was ¥31,804,553.23, representing a 33.3% increase from ¥23,880,441.97 in the previous period[26] Cash Flow - The net cash flow from operating activities surged to ¥269,277,183.18, a significant increase of 326.92% compared to ¥63,074,266.67 in the previous year[5] - Cash generated from operating activities was ¥1,023,688,058.32, significantly higher than ¥549,687,803.06 in the previous period[27] - Total cash inflow from operating activities reached $1.04 billion, compared to $567.53 million previously, indicating a growth of about 83%[28] - Cash outflow from operating activities was $766.16 million, up from $504.45 million, representing an increase of around 52%[28] - The ending balance of cash and cash equivalents was $2.13 billion, up from $1.82 billion, reflecting an increase of approximately 17%[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,640,248,046.30, marking a 5.74% increase from ¥6,279,690,766.70 at the end of the previous year[5] - Total current assets at the end of the reporting period amount to ¥4,561,534,295.06, an increase from ¥4,450,750,785.62 at the beginning of the period[20] - Total liabilities increased to ¥4,547,614,816.26 from ¥4,219,482,752.43, marking a rise of 7.8%[22] - Total equity attributable to shareholders reached ¥2,092,633,230.04, up from ¥2,060,208,014.27, indicating a growth of 1.6%[22] Investments - The company's long-term equity investments rose by 35.50%, reaching ¥1,019,421,857.93, up from ¥752,334,366.80[10] - The company’s investment income increased by 49.97%, amounting to ¥10,653,067.64 compared to ¥7,103,620.64 in the previous year[11] - The company confirmed an increase in net profit from joint ventures during the reporting period[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 46,478[16] - The largest shareholder, Weichai Holding Group Co., Ltd., holds 30.59% of shares, totaling 101,358,600 shares[16] - The total number of preferred shareholders at the end of the reporting period is 0, indicating no preferred shares issued[19] Operating Costs and Expenses - Total operating costs amounted to ¥1,063,020,579.13, up from ¥866,502,016.45, reflecting a growth of 22.6%[24] - Research and development expenses were ¥64,206,141.69, an increase of 16.5% from ¥54,958,797.47[25] - The company paid $96.71 million in employee-related cash expenses, which increased from $89.36 million, showing a rise of about 8%[28] Other Income and Financials - The company reported a significant increase in other income, which rose by 86.52% to ¥22,149,243.55 from ¥11,874,957.46 year-on-year[11] - The company reported a financial expense of -¥8,157,154.53, an improvement compared to -¥8,979,916.77 in the previous period[25] - Deferred income tax liabilities decreased to ¥10,908,123.93 from ¥11,317,086.79, a decline of 3.6%[22] - The company received tax refunds amounting to $6.71 million during the reporting period[28] Audit and Strategy - The company has not disclosed any new strategies or significant market expansions in the current reporting period[19] - The company did not conduct an audit for the first quarter report[30]

潍柴重机（000880）公告，2025年第一季度营业收入10.67亿元，同比增长21.43%。净利润3180.46万 元，同比增长33.18%。 ...