德国机械设备制造业联合会(VDMA)周三公布数据显示，5月德国工厂和设备制造商订单同比增长9%， 主要得益于欧元区国家需求增长。具体数据显示，5月国内订单同比增长2%，国外订单大幅增长12%， 其中欧元区国家贡献显著。 ...

本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 中东局势升级！近日，伊朗、以色列冲突加剧，战火再次在中东重燃。 最新报道显示，以色列军队当地时间16日凌晨袭击伊朗首都德黑兰及马拉德、马什哈德等地，德 黑兰多个地点传出密集爆炸声。伊朗防空部队在德黑兰西部击落数架以色列无人机。16日晚间， 伊朗方面声称正准备前所未有的大规模打击，发言人称 伊朗革命卫队已为与以色列的长期战争做 好准备。 在军事冲突加剧同时，全球金融市场也快速反应。周二WTI原油期货短线继续走高，国际金价也 同步反弹。A股层面，在冲突消息刺激下， 油气开采、油服设备、军工装备、核污染防治等概念 近日行情不断！ 为方便投资者进行参考，本文特意对伊朗、以色列冲突对金融市场产生的影响进 行整理，以更全面地了解冲突事件中蕴含的机遇。 （ 点此免费领取相关概念股名单 ） 0 1 伊以冲突，国际油价飙涨！机构重仓的油气油服概念股名单出炉！ 伊朗作为全球最重要的产油国之一，原油产量占全球总量3.5%-4%，并且在近年来呈现持续增长 态势。在产油排名上，伊朗仅次于美国、沙特、俄罗斯、加拿大和中国，并且是OPEC第三大产 油国，对中东原油供应有着举足 ...

中油工程斩获115亿元中东大单。 6月13日，中油工程公告称，公司全资子公司中国石油工程建设有限公司与TotalEnergies（以下简称"道达尔能源"）就伊拉克阿塔维油田气体处理厂项目签署 EPSCC承包合同，合同金额16.01亿美元（约115.38亿元人民币）。项目达成临时验收的计划工期为39个月。 中油工程表示，该合同履行对公司本年度的资产总额、净资产和净利润等不构成重大影响，但将对公司未来4-5年的营业收入和利润总额产生一定积极影 响。 2024年新签订单创新高 经营业绩层面，近年来，公司新签合同额持续增长。 年内中标三笔中东订单 资料显示，中油工程是中国石油天然气集团公司控股的大型油气工程综合服务商，业务包括油气田地面工程、管道与储运工程、炼化工程、工程服务，以及 新能源新材料工程、环境工程等新兴业务，服务能力涵盖油气工程建设全产业链。 道达尔能源成立于1924年，总部位于法国巴黎，是欧洲市值最大的综合能源公司之一，业务涵盖油气勘探、天然气与LNG交易、炼化、化工以及可再生能 源等多个领域。 今年以来，中油工程公告其子公司相继中标了三笔中东订单，其中有两笔订单的合作方是道达尔能源。但仅有本次订单正式 ...

Boeing Today Further boosting this positive trend, Bank of America NYSE: BAC recently upgraded the stock to a Buy, setting a price target of $260. Following a period marked by intense scrutiny and operational challenges, there are now emerging signs that the aerospace sector leader is heading towards a more positive outlook and clearer skies. BA Boeing $212.09 -1.34 (-0.63%) 52-Week Range $128.88 ▼ $215.80 Price Target $207.85 Add to Watchlist The Boeing Company's NYSE: BA stock has recently gained a lot of ...

Shares of Espey Mfg. & Electronics Corp. (ESP) have gained 15.9% since the company reported its earnings for the quarter ended March 31, 2025. This compares to the S&P 500 index’s 4% growth over the same time frame. Over the past month, the stock has gained 19.8% compared with the S&P 500’s 11.3% growth, reflecting strong investor confidence likely tied to the company’s robust performance and expanding order pipeline.For the third quarter of fiscal 2025, Espey reported net income of 63 cents per share compa ...

Financial Performance - In Q1 2025, the company reported operating revenue of 10.549 billion yuan, a year-on-year decrease of 25.33% [1][2] - The net profit attributable to shareholders was 330 million yuan, down 25.38% year-on-year, while the net profit after deducting non-recurring items was 282 million yuan, a decrease of 33.74% year-on-year [1][2] Revenue and Profitability Analysis - The decline in revenue is attributed to pressure on downstream funding, leading to slower construction progress [2] - The gross profit margin improved to 14.95%, an increase of 2.41 percentage points year-on-year, while the expense ratio rose slightly to 11.39%, an increase of 1.04 percentage points [2] - The net profit margin decreased to 3.13%, down 0.01 percentage points year-on-year, primarily due to a decline in investment income from holdings in companies like Huada Jiutian [2] Order Growth and Market Segmentation - In Q1 2025, the company signed new contracts totaling 23.084 billion yuan, a year-on-year increase of 1.87% [3] - By region, new contracts in Shanghai (both within and outside the city) and overseas were 7.14 billion, 9.81 billion, and 2.27 billion yuan, showing a year-on-year change of -27.79%, +23.42%, and +549.02% respectively [3] - In terms of business types, municipal engineering contracts decreased by 20.67%, while road and rail transit contracts saw significant increases of 209.87% and 97.78% respectively [3] Cash Flow and Financial Health - The company experienced a net cash outflow from operating activities of 4.884 billion yuan, an increase of 975 million yuan year-on-year [4] - The cash collection ratio was 158.53%, up 29.35 percentage points year-on-year, while the cash payment ratio was 213%, an increase of 50.8 percentage points [4] - The debt-to-asset ratio decreased by 1.78 percentage points to 75.75%, and the accounts receivable turnover days increased by 61.73 days to 190.60 days [4] Shareholder Confidence and Future Outlook - The controlling shareholder, Shanghai Urban Construction, plans to invest up to 500 million yuan to increase its stake in the company, indicating confidence in the company's value [4] - The company has set a revenue growth target of 5-10% for 2025, with a projected dividend yield of approximately 5.6% based on a 35% payout ratio [4]

智通财经5月7日电，德国3月季调后制造业订单环比增长3.6%，预期增长1.3%。 ...

Investment Rating - The investment rating for the company is "Buy-A" with a 6-month target price of 9.08 CNY, compared to the current stock price of 7.81 CNY as of April 30, 2025 [5]. Core Views - The company's Q1 2025 revenue was 256.76 billion CNY, a year-on-year decrease of 6.61%, primarily due to weak demand in traditional business sectors. The net profit attributable to shareholders was 5.15 billion CNY, down 14.51% year-on-year, with a decline in gross margin contributing to the profit drop [2][3]. - Despite the revenue and profit decline, the company has a solid order backlog of 7.86 trillion CNY, approximately 7.4 times its 2024 revenue, indicating a strong foundation for future revenue growth [2]. - The company signed new contracts worth 492.84 billion CNY in Q1 2025, with a notable increase in overseas contracts by 30.10% year-on-year, while domestic contracts decreased by 13.17% [4]. Summary by Sections Financial Performance - In Q1 2025, the company experienced a gross margin decline of 0.28 percentage points, leading to a sales net profit margin of 2.38%, down 0.20 percentage points year-on-year. The operating cash flow improved, with a net outflow of 38.95 billion CNY, which is 7.65 billion CNY less than the previous year [2][3]. Order and Contract Activity - The new contract value in Q1 2025 was 492.84 billion CNY, with domestic contracts at 448.68 billion CNY and overseas contracts at 44.16 billion CNY. The growth in the green environmental sector and railway engineering contracts was particularly strong, with increases of 77.05% and 66.25% year-on-year, respectively [4]. Earnings Forecast - The company’s revenue projections for 2025-2027 are 1.08 trillion CNY, 1.10 trillion CNY, and 1.11 trillion CNY, with expected year-on-year growth rates of 1.50%, 1.30%, and 1.30%. The net profit forecasts for the same period are 22.47 billion CNY, 22.73 billion CNY, and 22.99 billion CNY, with corresponding growth rates of 1.15% each year [9][10].

思源电气（002028） 分析师：张志邦 执业证书号：S0010523120004 邮箱：zhangzhibang@hazq.com 分析师：郑洋 执业证书号：S0010524110003 邮箱：zhengyang@hazq.com 主要观点： 业绩 公司公布 2024 年年报及 2025 年第一季度报告。2024 年实现营收 154.58 亿元，同比增长 24.06%，实现归母净利 20.49 亿元，同比增长 31.42%，扣非归母净利润 18.78 亿元，同比增长 32.19%。2024Q4 实现 营收 50.51 亿元，同比增长 30.20%，实现归母净利 5.58 亿元，同比增 长 35.73%，扣非归母净利 4.73 亿元，同比增长 52.48%。2025Q1 实现 营收 32.27 亿元，同比增长 21.41%，实现归母净利 4.46 亿元，同比增 长 22.91%，扣非归母净利 4.37 亿元，同比增长 28.10%。2024 年全年 毛利率为 31.25%，同比提升 1.75pct；2024Q4 毛利率为 30.88%，同比 提升 2.73pct。2025Q1 毛利率为 30.31%，同比下降 ...

公司报告 | 季报点评 华利集团（300979） 证券研究报告 新厂爬坡短暂拖累盈利，新客户订单显著增长 公司发布一季报 25Q1 营收 54 亿，同增 12%，归母 7.6 亿，同减 3%，扣非后归母 7.5 亿， 同减 3%。 公司通过战略性拓展新客户及深化新兴运动品牌客户合作，2025Q1 新客户 订单量同比显著增长。为匹配快速增长产能需求，公司加速了新工厂的建 设和投产节奏（继 2024 年上半年和下半年各投产 2 家成品鞋工厂之后， 2025 年第一季度 2 家成品鞋工厂已经投产）。 鉴于新工厂投产初期存在新员工技能培训周期（2025 年 3 月末员工人数约 18.4 万人，较 2024 年 3 月末增加约 17%，其中最近半年集团员工人数增 加约 1.4 万人），新工厂仍处于效率爬坡阶段，对公司整体毛利率造成一定 影响。公司将通过优化培训机制、加快推进智能化生产设备和生产管理系 统部署等措施助力新工厂的运营效率提升。 新增客户以及新客户合作深入，是业绩稳健成长重要保障 公司客户相对多元，大多数客户都是上市公司。从各客户披露的业绩指引 来看，多数客户业绩保持成长。对于营收增速较高的客户，公司来自该客 ...