Core Viewpoint - The diesel generator concept is experiencing significant activity, with major companies like Weichai Heavy Machinery seeing a surge in stock prices, indicating strong market demand and positive outlook for the industry [1] Group 1: Market Activity - Weichai Heavy Machinery's stock reached the daily limit increase, reflecting investor confidence in the diesel generator sector [1] - Other companies such as KOTAI Power and Taihao Technology also saw stock increases, with KOTAI Power rising over 10% [1] Group 2: Industry Demand and Pricing - Institutional research reports indicate that the leading domestic diesel generator manufacturers have filled their production capacity for the year [1] - The prices of diesel generators are on an upward trend, with expectations for further orders in June-July and at the end of the year [1] - The overall demand for diesel generators is projected to significantly exceed previous expectations, suggesting a robust market environment [1]

Core Viewpoint - The China Marine Economy Stock Price Index has shown positive growth, reflecting the performance of marine-related companies in both mainland and Hong Kong markets [1][2] Group 1: Index Performance - The China Marine Economy Stock Price Index rose by 0.02% to 3267.05 points, with a trading volume of 48.243 billion yuan [1] - Over the past month, the index increased by 5.89%, by 10.22% over the last three months, and by 13.20% year-to-date [1] Group 2: Index Composition - The index is customized by the National Marine Information Center and includes marine-related listed companies from mainland and Hong Kong markets [1] - The top ten weighted stocks in the index are: Weichai Heavy Machinery (2.49%), Huaguang Yuanghai (2.06%), Lianyungang (1.81%), China National Offshore Oil Corporation (1.77%), Hailanxin (1.74%), Nanjing Port (1.65%), Zhongke Haixun (1.49%), Haichang Ocean Park (1.31%), Hangzhou Advance Gearbox Group (1.27%), and Orient Overseas International (1.22%) [1] Group 3: Market Distribution - The market distribution of the index holdings shows that the Shanghai Stock Exchange accounts for 51.12%, the Shenzhen Stock Exchange for 34.27%, the Hong Kong Stock Exchange for 8.79%, and the Beijing Stock Exchange for 5.82% [1] Group 4: Industry Breakdown - The industry composition of the index holdings is as follows: Industrial sector 74.35%, Consumer Staples 8.26%, Energy 5.92%, Utilities 2.78%, Materials 2.64%, Consumer Discretionary 2.42%, Healthcare 1.81%, Information Technology 1.10%, Communication Services 0.53%, Financials 0.15%, and Real Estate 0.05% [2] Group 5: Sample Adjustment - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Weight factors are adjusted in accordance with sample changes, and temporary adjustments may occur under special circumstances [2]

Investment Rating - The report maintains a "Recommended" rating for the electric power equipment sector [6][18]. Core Viewpoints - The overseas AI companies have frequently exceeded expectations, indicating the arrival of a resonant era between domestic and foreign AI sectors. This week, companies like Credo and Wistron reported better-than-expected Q1 results, while major players in the copper cable and AI application sectors, such as Amphenol and Palantir, continue to see stock price increases [5][14]. - The domestic AI sector is experiencing a rebound, driven by strong performance metrics, such as the monthly payment amount for Keling AI exceeding 100 million RMB for two consecutive months [5][14]. - The report suggests that the current AI market cycle will see continued valuation recovery in overseas chains, while domestic chains have a straightforward logic with strong upward expectations. Specific recommendations include focusing on Weichai Heavy Machinery, Kehua Data, Tonghe Technology, and others in the HVDC and server power supply segments [6][17]. Summary by Sections Investment Viewpoints - The report emphasizes that both overseas and domestic AI sectors are poised for significant growth, with specific recommendations for companies like Weichai Heavy Machinery and Kehua Data, which are expected to benefit from increasing market penetration and power enhancements [6][17]. Industry Dynamics - The report highlights recent advancements in AI, including the launch of the Qwen3-Embedding series by Alibaba, which has shown exceptional performance in text representation and ranking tasks [5][14]. - It also notes the ongoing developments in the education sector with the introduction of EduBench, a comprehensive evaluation benchmark for educational scenarios [20]. Key Companies and Earnings Forecast - The report provides a detailed earnings forecast for several key companies, including: - Weichai Heavy Machinery (32.09 RMB, EPS: 0.56 in 2024, PE: 30.99) [19] - Kehua Data (43.5 RMB, EPS: 0.68 in 2024, PE: 42.35) [19] - Yingweike (26.72 RMB, EPS: 0.61 in 2024, PE: 66.43) - Buy rating [19] - Maigemi Te (47.21 RMB, EPS: 1.08 in 2024, PE: 43.71) - Buy rating [19] - Tonghe Technology (18.77 RMB, EPS: 0.13 in 2024, PE: 144.38) - Increase rating [19] - Oulutong (112.04 RMB, EPS: 2.65 in 2024, PE: 40.32) [19] - Shenling Environment (35.54 RMB, EPS: 0.43 in 2024, PE: 82.65) - Buy rating [19]

关于召开2024年度股东大会的通知 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（以下简称"公司"或"本公司"）定于2025年6月 27日（星期五）召开2024年度股东大会，现将会议情况通知如下： 一、召开会议的基本情况 证券代码：000880 证券简称：潍柴重机 公告编号：2025-027 潍柴重机股份有限公司 （一）股东大会届次：潍柴重机股份有限公司2024年度股东大会 （二）股东大会的召集人：潍柴重机股份有限公司董事会；2025年3月27日 召开的公司九届三次董事会已经审议通过了《关于召开公司2024年度股东大会的 议案》。本次股东大会审议事项已经分别于2025年3月27日召开的公司九届三次 董事会会议及九届三次监事会会议审议通过。 （三）会议召开的合法、合规性：公司董事会决议召开本次股东大会符合有 关法律、行政法规、部门规章、规范性文件和《公司章程》的有关规定。 （四）会议召开日期和时间： 现场会议召开时间：2025年6月27日(星期五)下午14:50开始 网络投票时间： 1.通过深圳证券交易所交易系统进行网络投票的具体时间为2 ...

Core Points - The China Marine Economy Stock Price Index (932056) experienced a decline of 0.89%, closing at 3188.59 points with a trading volume of 49.609 billion yuan [1] - Over the past month, the index has increased by 7.55%, by 11.92% over the last three months, and by 11.50% year-to-date [1] - The index is designed by the National Marine Information Center and includes listed companies in the marine sector from both mainland and Hong Kong markets, reflecting the overall performance of representative marine sector stocks [1] Index Composition - The top ten weighted stocks in the index are: Weichai Heavy Machinery (2.58%), Hailanxin (1.88%), Huaguang Yuanghai (1.81%), Lianyungang (1.64%), Haichang Ocean Park (1.52%), Air China Ocean (1.5%), Zhongke Haixun (1.43%), Nanjing Port (1.4%), Hangzhou Gear (1.29%), and Orient Overseas International (1.26%) [1] - The market share of the index's holdings is distributed as follows: Shanghai Stock Exchange 51.26%, Shenzhen Stock Exchange 34.33%, Hong Kong Stock Exchange 9.05%, and Beijing Stock Exchange 5.36% [1] Industry Breakdown - The industry composition of the index holdings is as follows: Industrial 74.06%, Consumer Staples 8.29%, Energy 5.90%, Utilities 2.89%, Materials 2.66%, Consumer Discretionary 2.59%, Healthcare 1.74%, Information Technology 1.13%, Communication Services 0.54%, Financials 0.15%, and Real Estate 0.05% [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2]

Investment Rating - The report maintains a "Positive" outlook for the automotive industry, expecting the industry index to outperform the market index by over 5% in the next six months [5]. Core Insights - The automotive industry has shown resilience with the Shanghai Composite Index rising by 1.12% and the Shenwan Automotive Industry Index increasing by 2.40%, outperforming the market by 1.29 percentage points, ranking third among 31 primary industries [1]. - The export of Chinese automobiles has been growing significantly, with a year-on-year increase of 6% in the first four months of 2025, and a remarkable 52.6% growth in new energy vehicle exports [4]. - The report highlights a shift in major automotive manufacturers towards exploring export markets due to intense domestic competition, with a notable increase in the export of fuel vehicles [4]. Market Performance - As of May 16, 2025, the Shenwan Automotive Sector's Price-to-Earnings (PE) ratio (TTM) stands at 26.74 times, which is at the 34.72 percentile of the past five years [1]. - Among 294 listed companies in the automotive sector, 192 experienced stock price increases, with the top three gainers being Chengfei Integration (+61.09%), Zhaofeng Co. (+34.78%), and New Coordinates (+26.17%) [1]. Industry Data - The report provides insights into the prices of key raw materials, noting that the price of lithium carbonate averaged 64,500 yuan per ton, with a weekly decline of 1.15% [3]. - The price of float glass (4.8/5mm) is reported at 13,183,000 yuan per ton, reflecting a slight increase of 0.10% [2]. Technological Collaboration - Many automotive companies are collaborating with third-party solution providers like Huawei and DJI for smart driving technology, adopting a "self-research + cooperation" model to enhance competitiveness and innovation [8].

编号：20250515 | | □特定对象调研 分析师会议 | | | | | □ | | --- | --- | --- | --- | --- | --- | --- | | 投资者关系活动 | □ 媒体采访 业绩说明会 | | | | | □ | | | □ 新闻发布会 路演活动 | | | | | □ | | 类别 | □ 现场参观 | | | | | | | | ☑ （2025 年山东辖区上市公司投资者网上集体接待日） | 其他 | | | | | | 参与单位名称及 | 参与"2025 年山东辖区上市公司投资者网上集体接待日活动" | | | | | | | 人员姓名 | 的全体投资者 | | | | | | | 时间 | 2025 5 日 15:00-16:30 | 年 | 月 | 15 | | | | 地点 | 全景网"投资者关系互动平台"（https://ir.p5w.net） | | | | | | | 上市公司接待人 | 公司财务总监温涛先生、董事会秘书盛卫宁先生、证券事务代表 | | | | | | | 员姓名 | 柳国超先生 | | | | | | | | 公司于 5 月 日 15: ...

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].