8月25日晚间，安徽合力发布半年度业绩报告称，2025年上半年营业收入约93.9亿元，同比增加6.18%；归属于 上市公司股东的净利润约7.96亿元，同比减少4.6%。实现海外营业收入40.16亿元，同比增长15.20%，海外收 入占比提升至43%。 安徽合力在报告中提到，2025年上半年，中国工业车辆行业总销量达73.93万台，同比增长11.66%。其中，国 内市场销量达47.64万台，同比增长9.79%；海外市场销量达26.29万台，同比增长15.21%。 1.小松作业小时数 2025年 【1月】、 【2月】 2024年 【1月】 、 【2月】 、 【3月】 、 【4月】 、 【5月】 、 【6月】 、 【7月】 、 【8月】 、 【9月】 、 【10 月】 、 【11月】 、 【12月】 2023年 从车型结构方面来看，行业上半年末电动车销量占比提升至75%，较上年末提高近2个百分点。"高端化、智能 化、绿色化"已经成为行业发展的新趋势。 部分内容节选自"国金证券研报" ·往期回顾· 【行业热点】 1 业绩改观，工程机械行业复苏或已在路上？ 2. 如期切换， 工程机械12月1日起开启"国四"时代 3. ...

2025 年 8 月 26 日 公司研究/公司快 报 公司近一年市场表现 事件描述 公司披露 2025 年中报。上半年，公司实现营业收入 93.0 亿元，同比 +8.7%；归母净利润 11.2 亿元，同比+11.4%。其中，25Q2 实现营业收入 48.0 亿元，同比+9.4%，环比+6.4%；实现归母净利润 6.8 亿元，同比+9.1%，环 比+57.0%。 事件点评 | 年 月 市场数据：2025 8 | 日 25 | | | --- | --- | --- | | 收盘价（元）： | | 22.60 | | 年内最高/最低（元）： | | 23.91/15.58 | | 流通A股/总股本（亿）： | | 13.10/13.10 | | 流通 A 股市值（亿）： | | 296.02 | | 总市值（亿）： | | 296.02 | | 年 基础数据：2025 | 月 6 | 日 30 | | | --- | --- | --- | --- | | 基本每股收益(元)： | | | 0.86 | | 摊薄每股收益(元)： | | | 0.86 | | 每股净资产(元)： | | | 8.83 | | 净资 ...

Core Viewpoint - The company, Guojizhongzhuang, reported a strong performance in the first half of 2025, with significant growth in revenue, net profit, and contract signing amounts, indicating a robust market presence and successful expansion efforts [1][2]. Financial Performance - The company achieved an operating revenue of 7.073 billion yuan, representing a year-on-year increase of 13.21% [1] - The net profit attributable to shareholders was 242 million yuan, reflecting a year-on-year growth of 13.37% [1] - The total contract signing amount reached 16.502 billion yuan, marking a substantial year-on-year increase of 43.57% [1] Business Segments - The main business areas of the company include research and development, manufacturing, engineering and services, and investment and operations, primarily serving major technological equipment and infrastructure construction sectors [1] - The company has seen a continuous increase in its market share in the nuclear equipment sector, signing contracts for various projects including the Guangxi Bailong nuclear power stabilizer and Shandong Haiyang core water replenishment tank [1] - The pressure vessel market has also shown breakthroughs with contracts signed for heavy container projects with major clients such as CNOOC and Sinopec [1] Market Expansion - The company is actively promoting its equipment manufacturing and services internationally, successfully signing three major agreements for the Cambodia Shanda Dai pumped storage power station BOT project [2] - The Turkish Safi Port project involving four container cranes has also been successfully executed [1] Industry Context - The heavy machinery industry is currently facing challenges with overcapacity and intense market competition, leading to price declines in some traditional product areas [2] - The company is focusing on green, high-end, intelligent, and automated demands through continuous technological upgrades and effective market expansion to maintain its competitive advantage [2]

证券代码：301559 证券简称：中集环科 中集安瑞环科技股份有限公司 投资者关系活动记录表 编号：2025-006 投资者关系活动类 别 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 ☑其他 ____电话会议___ 活动参与人员 华泰证券 倪正洋 杨云逍 吕佩蕾 李 斐 光大永明资产管理股份有限公司 何博源 上海日胜隆私募基金管理有限公司 乔 玥 壹拾资产管理有限公司 钱纪廷 兴业证券 余小丽 中邮证券 虞洁攀 宁银理财 潘亚洲 国信证券 张苗苗 公司董事、总裁 季国祥 公司副总裁、首席财务官兼董事会秘书 张 毅 公司董事会办公室主任 王延民 公司证券事务代表 孟 阳 时间 2025 年 8 月 25 日 16:00-17:00 地点 中集环科会议室 形式 □现场 □网上 ☑电话会议 交流内容及具体问 答记录 公司基本情况介绍： 公司主要从事罐式集装箱的设计研发、生产制造和销售，是 全球领先的液体、液化气体（常温）集装箱化物流装备制造企业 和全生命周期服务商，并衍生出医疗设备部件业务。 2025 年上半年，受美国贸易政策不确定性以及全球地缘政治 紧张等因素影响 ...

工信部通过规范条件管理引导企业提升技术创新、质量管控和安全生产能力，旨在引导企业向绿色 化、数字化、智能化、高端化转型，推动行业高质量发展。2025年版名单包含416家企业，其中新申报 通过评审企业66家，复核通过企业350家，覆盖大气治理、污水治理、环境监测仪器、固废处理装备四 大细分领域。该名单替代了2024年版，由工信部经地方推荐、专家评审和公示程序后发布。 记者8月22日从省工信厅获悉，在工信部公示的《符合环保装备制造业规范条件企业名单（2025年 版）》中，江苏东方滤袋股份有限公司等17家新申报的江苏企业通过评审，包括大气治理领域企业5 家、污水治理领域企业10家、环境监测仪器领域2家，新增数量全国第一，占全国比重25.8%。江苏共 有90家企业进入《符合环保装备制造业规范条件企业名单（2025年版）》，数量居全国第一，占全国比 重21.6%。 ...

在潍柴智能化工厂，智能化生产线不仅提高了生产效率，还能对生产过程进行实时监控和数据分析，确保每 一台发动机都符合高质量标准。（资料图片） 在动力装备领域，山东潍坊足够硬气。 先看规模：拥有"国字号"动力装备集群，年产值达3000亿元、约占全国动力装备产业总产值的三分之一。 再看结构：围绕潍柴等龙头企业，形成了极其密切的配套企业群，动力装备几乎所有环节都能找到本地供应 商。 动力之城名副其实，潍坊动力装备产业正向着"世界级"产业集群迈进，其发展的齿轮，正咬合出产业升级的 新转速。 链式协同 得益于链条长、配套全的优势，在潍坊，大中小企业、上下游之间的合作协同日益紧密：大企业带动产业链 发展，中小企业专攻细分领域，各展所长，共同培育，撑起装备制造业的一片天。 向内看，是自身技术与实力。"热效率53.09%意味着什么？意味着人类百米跑进9秒，是不是很逆天？"潍柴动 力品牌传播部负责人说，这样的热效率下，一辆重卡一年可省柴油1.2万升。 向外看，是产业协同能力。潍柴链接上下游企业，培育了独有的同心产业生态圈，在这个生态圈中，每一名 经营主体都要寻增量做加法，杜绝零和博弈。 类似的大企业还有很多，例如，深耕"果链"的歌 ...

在动力装备领域，山东潍坊足够硬气。 先看规模：拥有"国字号"动力装备集群，年产值达3000亿元、约占全国动力装备产业总产值的三分之 一。 再看结构：围绕潍柴等龙头企业，形成了极其密切的配套企业群，动力装备几乎所有环节都能找到本地 供应商。 动力之城名副其实，潍坊动力装备产业正向着"世界级"产业集群迈进，其发展的齿轮，正咬合出产业升 级的新转速。 链式协同 得益于链条长、配套全的优势，在潍坊，大中小企业、上下游之间的合作协同日益紧密：大企业带动产 业链发展，中小企业专攻细分领域，各展所长，共同培育，撑起装备制造业的一片天。 企业共育，大企业发挥什么作用？ 不仅规模要大，成为产业生态的链接者和稳定锚，还要有大能力，承担大责任。能力和责任从何而来？ 先看潍柴这个"老大哥"。 向内看，是自身技术与实力。"热效率53.09%意味着什么？意味着人类百米跑进9秒，是不是很逆 天？"潍柴动力品牌传播部负责人说，这样的热效率下，一辆重卡一年可省柴油1.2万升。 向外看，是产业协同能力。潍柴链接上下游企业，培育了独有的同心产业生态圈，在这个生态圈中，每 一名经营主体都要寻增量做加法，杜绝零和博弈。 类似的大企业还有很多，例如，深 ...

Core Viewpoint - *ST Yuanshang reported a revenue increase but a significant decline in net profit for the first half of 2025, indicating challenges in profitability despite revenue growth [1][3]. Financial Performance - Total revenue for the first half of 2025 reached 189 million yuan, a year-on-year increase of 15.12% compared to 164 million yuan in 2024 [1]. - The net profit attributable to shareholders was -27.30 million yuan, a decrease of 52.75% from -17.88 million yuan in the previous year [1]. - The gross margin fell to 8.58%, down 52.15% from 17.93% in 2024, while the net margin was -16.57%, a decline of 53.72% from -10.78% [1]. - Total expenses (selling, administrative, and financial) amounted to 42.08 million yuan, accounting for 22.3% of revenue, a slight decrease of 4.25% year-on-year [1]. Cash Flow and Assets - Cash flow from operating activities showed a significant decline of 58.55%, with a net cash flow of 0.36 yuan per share compared to 0.86 yuan in the previous year [1][3]. - The company’s monetary funds decreased by 21.13% to 116 million yuan, while accounts receivable increased by 62.98% to 93.23 million yuan [1][3]. - Interest-bearing liabilities surged by 187.85% to 105 million yuan, indicating increased reliance on bank loans [1][3]. Industry Context - The automotive logistics industry is undergoing a transformation driven by technological changes and policy initiatives, with a focus on cost reduction and efficiency improvements [6][7]. - The overall logistics industry in 2024 showed signs of recovery, with a decrease in the ratio of social logistics costs to GDP, reaching a record low since 2006 [6]. - The market for fuel vehicles is experiencing a structural adjustment, with a 14% year-on-year decline in retail sales, reflecting a shift towards new energy vehicles [6]. Future Outlook - The company aims to stabilize its traditional automotive parts logistics while expanding into new business areas to enhance profitability [7]. - The management highlighted the importance of adapting to industry changes and leveraging existing logistics experience to explore new opportunities [7].

Core Viewpoint - Xinyu Steel Co., Ltd. reported a decline in revenue and a return to profitability in the first half of 2025, driven by strategic adjustments in production and cost management [1][2]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 17.512 billion yuan, a year-on-year decrease of 18.33% [1]. - The net profit attributable to shareholders was 111 million yuan, compared to a loss of 75.4729 million yuan in the same period last year [1]. Industry Context - The steel industry continues to face weak downstream demand and high supply levels, leading to fluctuating steel prices and slow recovery in overall profitability [2]. - The company is responding to market pressures by reducing production scale to mitigate risks associated with price declines [2]. Operational Strategies - Xinyu Steel is focusing on enhancing efficiency rather than scale, optimizing production processes to improve operational metrics such as blast furnace utilization [2]. - The company has implemented cost reduction initiatives, including competitive procurement strategies and targeted cost control measures for raw materials [2][3]. Product Development - The steel industry is shifting towards high-end, intelligent, and green products, with Xinyu Steel actively promoting differentiation in its product offerings [4]. - In the first half of 2025, the company reported significant increases in sales of high-end products, with hot-rolled high-end varieties up by 97.6% and other premium products also showing substantial growth [4]. Future Outlook - Xinyu Steel aims to establish itself as a global leader in high-quality silicon steel and thick plates, planning to exit low-end trading businesses and focus on high-value-added products [5].

Core Viewpoint - CITIC Heavy Industries reported a solid performance in the first half of 2025, with revenue and profit growth, particularly a significant increase in net profit excluding non-recurring items, indicating effective management and strategic initiatives in a challenging external environment [2][3][4] Financial Performance - In the first half of 2025, CITIC Heavy Industries achieved operating revenue of 3.981 billion yuan, a year-on-year increase of 2.35% [2] - The net profit attributable to shareholders was 203 million yuan, up 6.39% year-on-year [2] - The net profit excluding non-recurring items reached 191 million yuan, showing a substantial growth of 17.37% year-on-year [2] Strategic Initiatives - The company focused on four key strategies: refining production and operation management, strengthening overseas market development, deepening green energy platform construction, and optimizing joint venture governance [3] - The traditional industry competitiveness has been enhanced, and a new growth trajectory in the renewable energy sector is emerging [3] Market Expansion and Product Development - CITIC Heavy Industries has seen resilience in its mining and heavy equipment business, with international orders increasing and equipment sold to five continents [3] - The company has initiated a project for a 5000 TPD clinker cement production line in Cambodia, promoting the development of complete engineering businesses [3] - The robotics and intelligent equipment sector is expanding, with the development of a new robot industry system and significant advancements in domestic technology [3] Capital Market Engagement - Since the beginning of 2025, CITIC Heavy Industries has strengthened its capital market communication mechanisms and improved its market value management [4] - The company's stock price has increased by nearly 30% this year, with a market capitalization stabilizing at 20 billion yuan and peaking at 28 billion yuan, reaching a three-year high [4] Future Outlook - In the second half of 2025, CITIC Heavy Industries will continue to focus on its core business, emphasizing high-quality development and technological innovation [4] - The company aims to maintain regulatory compliance, protect investor rights, and enhance investor returns, aligning market value with intrinsic value [4]