智通财经APP获悉，香港联交所最新资料显示，1月30日，摩根大通增持潍柴动力(02338)189.4609万 股，每股作价26.4212港元，总金额约为5005.78万港元。增持后最新持股数目约为1.57亿股，持股比例 为8.09%。 ...

Group 1 - As of February 4, 100 stocks reached a 52-week high, with METROPOLIS CAP (08621), Asia Backup (08290), and Wenling Tooling (01379) leading the high rate at 74.55%, 63.89%, and 57.48% respectively [1] - METROPOLIS CAP closed at 0.048 with a peak of 0.096, while Asia Backup closed at 0.032 with a peak of 0.059, and Wenling Tooling closed at 3.400 with a peak of 6.000 [1] - Other notable stocks that reached new highs include Asia Internet Technology (00679) at 46.23% and Asia Pacific Financial Investment (08193) at 25.45% [1] Group 2 - The 52-week low rankings show that Gaodi Co. (01676) had the largest decline at -45.71%, followed by Xixiang Group (02473) at -23.42% and Jianfa Xingsheng (00731) at -21.51% [3] - Gaodi Co. closed at 0.243 with a low of 0.171, while Xixiang Group closed at 2.370 with a low of 2.060, and Jianfa Xingsheng closed at 0.137 with a low of 0.135 [3] - Other significant declines include Huaxia SOL-R (83460) at -14.34% and Huaxia SOL-U (09460) at -13.97% [3]

高盛发表研报，率先市场上调 潍柴动力的长期盈利预测，以反映随着潍柴持续扩展其产品及技术组 合，其发电业务前景得到增强。AIDC( 人工智能 数据中心)发电业务目前约占潍柴2025年预测总净利润 的10%，预计到2030年将增长3.3倍，其盈利贡献将增加两倍以上，达到总利润约三分之一，超过国内 重型卡车(HDT)发动机的贡献。 该行将潍柴2025至27年每股盈利预测上调1%至7%，2027年之后上调幅 度更达9%至21%。认为潍柴这种由重型卡车(周期性)驱动转变为现在由发电(结构性)驱动的投资逻辑， 值得对其进行重新估值。高盛重申对潍柴的"买入"评级，目标价由21港元大幅上调至37港元，认为其是 亚洲AIDC发电领域的关键受益者。 ...

Core Viewpoint - Goldman Sachs has raised the long-term profit forecast for Weichai Power, reflecting the enhanced outlook for its power generation business as the company continues to expand its product and technology portfolio [1] Group 1: Financial Projections - The AIDC (Artificial Intelligence Data Center) power generation business currently accounts for approximately 10% of Weichai's projected total net profit for 2025, expected to grow 3.3 times by 2030, contributing over one-third of total profits, surpassing the contribution from domestic heavy-duty truck (HDT) engines [1] - Goldman Sachs has increased Weichai's earnings per share forecast for 2025 to 2027 by 1% to 7%, with a more significant increase of 9% to 21% after 2027 [1] Group 2: Investment Rationale - The shift in Weichai's investment logic from being driven by heavy-duty trucks (cyclical) to being driven by power generation (structural) warrants a reevaluation of its valuation [1] - Goldman Sachs reiterated a "Buy" rating for Weichai, significantly raising the target price from HKD 21 to HKD 37, considering it a key beneficiary in the Asian AIDC power generation sector [1]

国泰海通证券研报指出，潍柴动力有望从一家以重卡动力链生产制造为主企业，逐渐转型成为AIDC发 电设备的全面供应商。在全球AIDC 投资高速增长、"美国缺电"现象不断深入的背景下，潍柴动力旗下 多种AIDC发电设备业务——往复式燃气发电机组、SOFC 以及作为备电的柴发均有望实现高增长。预 计潍柴动力2025/26/27 年取得归母净利润124/153/280亿元，对应EPS为1.43/1.75/3.21 元，2026年2月2日 收盘价对应PE为15.8/12.9/7.0x。考虑到AIDC发电产业的增长有望持续增大潍柴动力该业务的利润占 比，认为潍柴动力的成长空间较大。给予公司2026年22x PE，目标价38.52元，维持"增持"评级。 ...

高盛发布研报称，率先市场上调潍柴动力（02338）的长期盈利预测，以反映随着潍柴持续扩展其产品 及技术组合，其发电业务前景得到增强。重申对潍柴的"买入"评级，并将其目标价由21港元大幅上调至 37港元，认为其是亚洲AIDC发电领域的关键受益者。 高盛发布研报称，率先市场上调潍柴动力（02338）的长期盈利预测，以反映随着潍柴持续扩展其产品 及技术组合，其发电业务前景得到增强。重申对潍柴的"买入"评级，并将其目标价由21港元大幅上调至 37港元，认为其是亚洲AIDC发电领域的关键受益者。 AIDC（人工智能数据中心）发电业务目前约占潍柴2025年预测总净利润的10%，预计到2030年将增长 3.3倍，其盈利贡献将增加两倍以上，达到总利润约三分之一，超过国内重型卡车（HDT）发动机的贡 献。该行将潍柴2025至27年每股盈利预测上调1%至7%，2027年之后上调幅度更达9%至21%。高盛认为 潍柴这种由重型卡车（周期性）驱动转变为现在由发电（结构性）驱动的投资逻辑，值得对其进行重新 估值。 责任编辑：史丽君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 热点栏目 自选股 数据中心 行情中心 资 ...

智通财经APP获悉，高盛发布研报称，率先市场上调潍柴动力(02338)的长期盈利预测，以反映随着潍柴 持续扩展其产品及技术组合，其发电业务前景得到增强。重申对潍柴的"买入"评级，并将其目标价由21 港元大幅上调至37港元，认为其是亚洲AIDC发电领域的关键受益者。 AIDC(人工智能数据中心)发电业务目前约占潍柴2025年预测总净利润的10%，预计到2030年将增长3.3 倍，其盈利贡献将增加两倍以上，达到总利润约三分之一，超过国内重型卡车(HDT)发动机的贡献。该 行将潍柴2025至27年每股盈利预测上调1%至7%，2027年之后上调幅度更达9%至21%。高盛认为潍柴这 种由重型卡车(周期性)驱动转变为现在由发电(结构性)驱动的投资逻辑，值得对其进行重新估值。 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 柴動力股份有限公司 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02338 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,943,040,000 | RMB | | 1 RMB | | 1,943,040,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 1,943,040,000 | RMB | | 1 RMB | | 1,943,040,000 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 ...

（北京，中国 – 2026年2月3日）依托在中国建立的一套完备体系，致力于以中国速度提供高效、可靠且可持续的优化解决方案，斯堪 尼亚已迈出关键一步——将其在华所有业务整合于统一架构之下，成立斯堪尼亚集团中国。该集团在享有高度本地自主权的同时，亦与 全球战略保持紧密协同。 ヒКА广 在此背景下，柯木兰将公司当前阶段描述为践 行"在中国,更中国"长期承诺的体现,这标志 着斯堪尼亚正深化融入中国生态系统。这一战 略定位旨在为中国运输及卡车市场的转型提供 优化的解决方案,并与中国"十五五"规划的宏 观发展目标相契合。她强调，中国不仅是全球 最大的商用车市场,更是斯堪尼亚及传拓集团 全球创新与增长的关键支撑，具有重要的战略 地位。该战略涉及将中国在电动化、智能网联 等领域的独特技术积极融入全球模块化系统, 同时构建有韧性的供应链,以强化全球体系。 统一组织，高效运营 为执行这一战略愿景，斯堪尼亚集团中国自2026年1月1日起实施了全新的组织架构与治理模式。 在柯木兰的领导下，公司在华业务已 系统高效整合，覆盖研发、采购、生产、斯堪尼亚及NEXT ERA商业运营，以及所有支持职能。此举旨在实现"优化本地决策，同时确 保全 ...

Summary of Earnings Call Transcript Industry Overview - **Industry**: China Industrials - **Market Outlook**: Solid earnings expected for capital goods companies with double-digit revenue growth and margin expansion driven by strong AI capital expenditures, favorable product mix, and increased overseas sales contributions. High commodity prices negatively impact Hongfa Technology but have less effect on other companies [1][2][3]. Key Company Insights Leader Harmonious Drive Systems (688017.SS) - **Revenue Growth**: Expected to reach 46% YoY in 4Q25, driven by increased humanoid orders and industrial robots growth [5]. - **Margin Expansion**: Anticipated margin increase to 37%, up 5 percentage points YoY [5]. Zhejiang Shuanghuan Driveline Co. Ltd. (002472.SZ) - **Revenue Growth**: NEV gears revenue expected to grow mid-teens YoY, with total revenue growth projected at 22% YoY [5]. - **Net Profit**: Estimated at Rmb348 million, a 22% increase YoY [5]. Hongfa Technology Co. Ltd. (600885.SS) - **Revenue Growth**: Projected total revenue growth of 10% in 4Q25, with strong demand across various relay segments [5]. - **Margin Compression**: Expected margin decline of 0.6 percentage points YoY to 39.5% due to rising raw material prices [5]. - **Net Profit**: Anticipated at Rmb380 million, a 5% increase YoY, which is below consensus expectations [5]. Sany Heavy Industry Co., Ltd. (600031.SS) - **Sales Growth**: Expected mid-teens growth in both domestic and overseas sales, with 4Q25 sales projected to rise 18% YoY to approximately Rmb23.5 billion [5]. - **Net Profit**: Projected to increase by 32% YoY to around Rmb1.5 billion [5]. Zoomlion Heavy Industry (000157.SZ) - **Sales Growth**: Anticipated 20% YoY increase in sales for 4Q25, with net profit expected to rise 157% YoY to approximately Rmb981 million [5]. Jiangsu Hengli Hydraulic Co. Ltd. (601100.SS) - **Sales Growth**: Expected 25% increase in 4Q25 sales, driven by domestic up-cycle and market share gains [5]. - **Net Profit**: Projected to rise 19% YoY to Rmb855 million [5]. Shenzhen Inovance Technology (300124.SZ) - **Revenue Growth**: Automation business revenue expected to grow 18% YoY in 4Q25, with net profit projected to increase by 18% YoY to around Rmb1.1 billion [6]. WeiChai Power (2338.HK) - **Revenue Growth**: Anticipated 11% YoY growth in total revenue for 4Q25, supported by HDT industry sales growth [6]. - **Net Profit**: Expected to grow 23% YoY to Rmb3.7 billion [6]. Sinotruk (Hong Kong) Limited (3808.HK) - **Sales Growth**: Estimated 40% YoY growth in HDT volume sales in 2H25 [6]. - **Net Profit**: Projected to grow 34% YoY to Rmb3.4 billion [6]. Shenzhen Envicool Technology Co. Ltd. (002837.SZ) - **Revenue Growth**: Expected 24% YoY revenue growth in 4Q25, driven by data centers and ESS business [6]. - **Net Profit**: Anticipated to grow 98% YoY to Rmb198 million [6]. Additional Insights - **Commodity Prices**: High commodity prices are a concern for certain companies, particularly Hongfa Technology, which may face margin pressures [1][5]. - **Market Dynamics**: The overall positive outlook for the China Industrials sector is supported by technological advancements and increased demand for new energy vehicles [1][5]. This summary encapsulates the key points from the earnings call, highlighting the performance expectations and challenges faced by various companies within the China Industrials sector.