机械行业日报：上海累计推广新能源汽车超160万辆

Investment Rating - The industry rating is "Positive," indicating that the overall return of the industry is expected to exceed the CSI 300 Index by more than 5% in the next six months [12]. Core Insights - As of April 15, 2025, Shanghai has promoted over 1.6 million new energy vehicles, leading globally in promotion scale. In 2024 alone, 278,300 new energy vehicles were added, with a total of 913,000 charging piles and 225 battery swap stations established [7]. - The mechanical sector saw a slight decline, with the CSI 300 Index rising by 0.06% while the mechanical sector dropped by 0.20%, ranking 16th among all primary industries [3]. - The lithium battery equipment sector experienced the highest increase, rising by 2.73%, while the semiconductor equipment sector faced the largest decline, falling by 1.33% [3]. Summary by Sections Market Performance - On April 15, 2025, the CSI 300 Index increased by 0.06%, while the mechanical sector decreased by 0.20%, ranking 16th among primary industries. The lithium battery equipment sector had the highest increase at 2.73%, and the semiconductor equipment sector had the largest decrease at 1.33% [3]. Company Announcements - Various companies reported their first-quarter earnings, with notable performances including: - HeKeda expected a net profit of 2.28 million to 3.40 million yuan. - Invt reported a first-quarter revenue of 840 million yuan, down 11.47%, with a net profit of 34.73 million yuan, down 26.44% [4]. - Yuanfang Information reported a first-quarter revenue of 80.41 million yuan, down 6.13%, with a net profit of 11.28 million yuan, down 14.12% [4]. - Cixing reported a 2024 revenue of 2.218 billion yuan, up 9.16%, with a net profit of 284 million yuan, up 148.82% [4]. Industry News - The Shanghai Municipal Government has implemented several policies to promote the adoption of new energy vehicles, including the "Beautiful Shanghai Construction Three-Year Action Plan (2024-2026)" and restrictions on the use of certain diesel vehicles to reduce pollution [7]. - The European Union has initiated the "AI Super Factory" plan, allocating 20 billion euros (approximately 166.32 billion yuan) for AI investments, aiming to build five AI super factories and enhance its AI infrastructure [9].