上市企业：潍柴动力（000338）,动力新科（600841）,全柴动力（600218）,宗申动力（001696）,云内动 力（000903）,航发动力（600893）,隆鑫通用（603766）,广汽集团（601238） 相关报告：智研咨询发布的《2026-2032年中国汽车用天然气发动机行业市场运行态势及发展战略研究 报告》 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 根据国家统计局数据显示：2025年12月中国发动机产量为2.3亿千瓦，同比下降6.7%；2025年1-12月中 国发动机累计产量为25.2亿千瓦，累计增长5.1%。 2020-2025年中国发动机产量统计图 ...

Core Insights - The low-altitude economy is projected to reach a market size of 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035, becoming a core track for cultivating new productive forces and emerging industries [4][26] - The year 2026 is seen as a pivotal year for the low-altitude economy, marking the transition from concept validation to scenario application [2][24] - The Chinese government has elevated the low-altitude economy to a strategic emerging industry, with multiple policies and frameworks established to support its development [6][28] Market Potential - The low-altitude economy market in China surpassed 500 billion yuan in 2023, reaching 505.95 billion yuan, with a projected growth of 32.5% to 670.25 billion yuan in 2024 [4][26] - The number of registered low-altitude economy-related enterprises increased significantly, with a forecast of 49,000 registrations by 2025, marking a year-on-year growth of 142.26% [2][24] Policy Support - The low-altitude economy was included in national planning for the first time in February 2021, and it has been recognized as a strategic emerging industry in subsequent government reports [6][28] - The establishment of the Low Altitude Economy Development Department by the National Development and Reform Commission aims to coordinate the advancement of the low-altitude economy [6][28] Industry Structure - The low-altitude economy industry is concentrated in three major economic zones: the Greater Bay Area, Yangtze River Delta, and Beijing-Tianjin-Hebei, which together form the leading tier of development [7][29] - As of January 2023, there were approximately 163,000 active low-altitude economy-related enterprises in China, with significant concentrations in East and South China [7][29] Technological Advancements - The low-altitude economy has developed a complete industrial chain encompassing low-altitude manufacturing, operation, infrastructure, and information services [10][32] - China leads globally in drone research and design, with over 77,000 drone R&D companies, including major players like DJI [10][32] Investment Trends - Investment in the low-altitude economy is on the rise, with 143 financing events recorded in the first half of 2025, a 120% increase year-on-year [15][37] - The stock market has seen significant interest, with 17 concept stocks doubling in price since 2024, indicating strong investor confidence [15][37] Application Scenarios - The low-altitude logistics market is expected to grow rapidly, with projections of reaching 120 to 150 billion yuan by 2025 and 450 to 605 billion yuan by 2035 [11][33] - Companies like WanFeng Aviation are developing comprehensive applications for fixed-wing aircraft, eVTOL, and drones, covering various transportation scenarios [12][34] Challenges Ahead - The low-altitude economy faces challenges in infrastructure development, regulatory frameworks, and technological breakthroughs, which are essential for scaling operations [40][41] - Key issues include the reliance on imported components, high operational costs, and the need for a stable business model to ensure sustainable growth [40][41]

Investment Rating - The report maintains a "Buy" rating for the industry, indicating a positive outlook for investment opportunities [7]. Core Insights - The low-altitude economy is experiencing steady development, with significant policy advancements in vertical industries and tourism, particularly in agricultural applications of drones [3]. - The engineering machinery sector is expected to maintain steady growth, supported by strong competitive advantages of domestic leading enterprises in both supply and demand [4]. - The overall performance of the machinery equipment sector has outperformed the broader market indices, with a weekly increase of 2.57% compared to the Shanghai Composite Index [12]. Weekly Market Review - From January 18 to January 23, 2026, the Shanghai Composite Index rose by 0.84%, while the Shenzhen Component Index increased by 1.11%. The machinery equipment sector outperformed, with a 2.57% increase, ranking 13th among 31 sectors [12][20]. - Sub-sectors such as general equipment, specialized equipment, and engineering machinery saw increases of 3.33%, 2.55%, and 1.33% respectively [12][15]. Key Sector Tracking - The low-altitude economy is projected to promote agricultural productivity, with specific targets set for the deployment of agricultural drones and the training of drone operators by 2030 in Fujian Province [3]. - The engineering machinery sector's tower crane rental industry reported a utilization rate of 55.1% in December 2025, indicating a slight decrease but still reflecting a robust market [4]. Investment Recommendations - For the low-altitude economy, recommended companies include Shen Cheng Jiao, Su Jiao Ke, and Hua She Group. In the complete machine segment, focus on Wan Feng Ao Wei and Yi Hang Intelligent [5]. - In the machinery equipment sector, recommended companies include Sany Heavy Industry, XCMG, and Anhui Heli for engineering machinery, and Huazhong CNC and Kede CNC for industrial mother machines [5].

对此，公司表示，报告期内，通用机械业务和摩托车发动机业务规模增长，以及公司投资联营企业收益提升，公司整体业 绩实现同比增长。 本报讯 （记者冯雨瑶）1月28日晚间，重庆宗申动力机械股份有限公司发布2025年业绩预告，经财务部门初步核算，预计 2025年实现归母净利润6.46亿元至7.38亿元，同比增长40%至60%；预计扣非后净利润6.18亿元至7.07亿元，同比增幅为40%至 60%，每股收益0.5641元至0.6447元。 （编辑 郭之宸） ...

证券代码：001696 证券简称：宗申动力 公告编号：2026-01 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 一、本期业绩预计情况 1．业绩预告期间 2025年1月1日至2025年12月31日 2．业绩预告情况 本期业绩预告未经会计师事务所审计，公司已就业绩预告有关事项与年度审计会计师事务所进行了预沟 通，公司与会计师事务所在业绩预告方面不存在分歧。 三、业绩变动原因说明 报告期内，通用机械业务和摩托车发动机业务规模增长，以及公司投资联营企业收益提升，公司整体业 绩实现同比增长。 四、风险提示 本次业绩预告是公司初步测算结果，最终财务数据以公司披露的2025年年度报告为准。敬请广大投资者 谨慎决策，注意投资风险。 特此公告。 重庆宗申动力机械股份有限公司 董事会 2026年1月29日 预计净利润为正值且属于同向上升情形 二、与会计师事务所沟通情况 ...

1．业绩预告期间 证券代码：001696 证券简称：宗申动力 公告编号：2026-01 重庆宗申动力机械股份有限公司 2025年度业绩预告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 一、本期业绩预计情况 2025年1月1日至2025年12月31日 2．业绩预告情况 预计净利润为正值且属于同向上升情形 ■ 二、与会计师事务所沟通情况 特此公告。 三、业绩变动原因说明 报告期内，通用机械业务和摩托车发动机业务规模增长，以及公司投资联营企业收益提升，公司整体业 绩实现同比增长。 四、风险提示 本次业绩预告是公司初步测算结果，最终财务数据以公司披露的2025年年度报告为准。敬请广大投资者 谨慎决策，注意投资风险。 本期业绩预告未经会计师事务所审计，公司已就业绩预告有关事项与年度审计会计师事务所进行了预沟 通，公司与会计师事务所在业绩预告方面不存在分歧。 重庆宗申动力机械股份有限公司 董事会 2026年1月29日 ...

格隆汇1月28日丨宗申动力(001696.SZ)发布2025年度业绩预告，报告期内，归属于上市公司股东的净利 润6.46亿元–7.38亿元，同比增长40%–60%；扣除非经常性损益后的净利润6.18亿元–7.07亿元，同比增 长40%–60%；基本每股收益0.5641元/股–0.6447元/股。 报告期内，通用机械业务和摩托车发动机业务规模增长，以及公司投资联营企业收益提升，公司整体业 绩实现同比增长。 ...

每经AI快讯，宗申动力1月28日晚间发布业绩预告，预计2025年归属于上市公司股东的净利润约6.46亿 元~7.38亿元，同比增长40%~60%。业绩变动主要原因是，报告期内，通用机械业务和摩托车发动机业 务规模增长，以及公司投资联营企业收益提升，公司整体业绩实现同比增长。 （记者 张明双） 每经头条（nbdtoutiao）——从极寒测试到万套装车！半固态电池今年有望搭载多款新车：各大厂商摩 拳擦掌，动力电池技术迎来迭代年 ...

宗申动力1月28日公告，预计2025年净利润6.46亿元-7.38亿元，同比增长40%-60%。报告期内，通用机 械业务和摩托车发动机业务规模增长，以及公司投资联营企业收益提升，公司整体业绩实现同比增长。 ...

宗申动力公告，预计2025年度归属于上市公司股东的净利润为6.46亿元-7.38亿元，同比增长40%-60%。 报告期内，通用机械业务和摩托车发动机业务规模增长，以及公司投资联营企业收益提升，公司整体业 绩实现同比增长。 （文章来源：第一财经） ...