新能源车购置税政策明年起就要从"30万车价内免征"调整成"30万车价内减半征收"，广汽丰田提早应对：凡在2025年12月31日 前预订铂智7的用户，因购置税政策变化而产生的额外支出，厂家直接包圆！恰逢近日铂智7首批巡展车提前品鉴活动已开启， 门店客流量不断，颇受关注。 B级的价格，D级的排面 展车提前亮相，订单量一下子上去了，只因20万级在过去只能买个满配A级车或者超低配B级车，现在直接上手双腔空气弹簧、 鸿蒙座舱和激光雷达智驾"豪华新三件"，车长超5米、轴距超3米、车宽近2米，广汽丰田门庭若市一点不夸张。 智驾也是铂智7的王牌，不搞订阅制，终身免费，到手即用。全身27个高规格传感器，配上激光雷达和Momenta R6强化学习大模 型，复杂停车位的泊入成功率高达95%，智驾安全感比纯视觉方案强出一大截。 豪华不是堆料，但下足料是真香 铂智7的豪华，不是那种"看起来贵"，而是"摸起来更贵"。比如搭载的那张NASA认证坐姿的零重力副驾座椅，用整张NAPPA真 皮无缝包裹，坐上去就像被云朵托着，工作日午休时开着空调两首歌内入睡。 铂智7还联手雅马哈研发了一套殿堂级音响，23个扬声器，7.1.4声道全景声，峰值功率2 ...

哈喽大家好，我是比亚迪王朝网的LV，一个在四线小城卖比亚迪的小趴菜，今天给大家带来的是当家混动SUV—宋L DM-i（以下统称为宋L吧）。 销量如何?卖得最多的是什么配置和颜色？ 上个月比之前客流有明显下滑，这是我从业多年从未遇到过的。 之前 大家 总说金九银十， 之后慢慢 转为了银十金十一，大家的购车热情与天气成反比，天 气越冷进店量越多，今年十月份进店井喷后，还以为十一月份会越来越好，没想 到客流遇冷 。每天都在纳闷，就快 要交购置税了，客户都到哪去了？ 目前平均每天进店客流有3 -4 组，每两天有一组客户是来看这款车的。 上个月店里卖了将近60台车，宋L卖了10台，我交了3台，两台全款，每台提成350元，一台分期，提成600元。 目前 仓库里 的宋L 可谓是 三代同堂，你既可以买到宋L，也可以买到宋L智驾版， 还 可以买到26款的宋L智驾加推版。 具体的现车 有 1 台非智驾版， 8 台智驾版， 一半 是112KM领先型，一半是112KM超越型，均以灰色为主，在途则是有6台26款的。 最畅销的还是112KM超越型，指导价15.58万，可以优惠22000，但是现在160KM超越型明显更划算了，16.58万 ...

Group 1 - The company, Wanma Co., Ltd., primarily focuses on three main business areas: electrical wires and cables, new materials, and renewable energy [2] - In the renewable energy sector, the company offers a product line of charging piles and charging stations ranging from 7kW to 960kW, including high-power integrated and split DC charging piles, wall-mounted AC charging piles, and smart AC charging piles [2] - The company's main products include DC single pile series, DC group charging series, and AC pile series, and it has expanded its services to include operation and maintenance for charging stations in addition to providing charging services for new energy vehicles [2] Group 2 - The company's electrical wire and cable products are applicable in the smart grid sector [2]

编号：2025-07 证券代码：300320 证券简称：海达股份 江阴海达橡塑股份有限公司投资者关系活动记录表 | 投资者关系活动 | ■特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他： | | 参与单位名称及 | 华西证券 白宇 | | 人员姓名 | 华安基金 辛大伟 | | 时间 2025 | 年 12 月 3、4 日 | | 地点 | 公司会议室 | | 上市公司接待人 | 胡蕴新、姜松岐 | | 员姓名 | | | | 1、总体介绍公司业务板块情况。 | | | 2、请问今年经营情况及以后的业务展望： | | | 答：2025 年 1-9 月，公司实现营业收入 26.67 亿元，较上年 | | | 同期增长 13.43%，归属于上市公司股东的净利润为 1.67 亿元, | | | 较上年同期增长 42.99%。 | | | 未来，公司将立足中高端定位，围绕橡胶制品密封、减振 | | | 两大基本功能，发挥多领域配套战略和技术融合的优势，夯实 | | 投资者关系活动 | ...

Group 1 - The report aims to summarize important internal deep reports, significant commentary, and marginal changes in the macro strategy group of large manufacturing [1] - Key companies highlighted include Yokogawa Precision, Zhejiang Rongtai, Shanghai Yanpu, Taotao Vehicle, Sany Heavy Industry, and XCMG Machinery among others [2][3] - The report maintains a positive outlook on the machinery sector, noting a 14% increase in excavator sales in November, which slightly exceeded expectations [4] Group 2 - The best-performing indices in the last week (December 1-5, 2025) included Nonferrous Metals (+5.35%), Communications (+3.69%), and Defense Industry (+2.82%) [5][20] - The top three indices in the large manufacturing sector were the Yangtze River Engineering Machinery Index (+5.47%), the ChiNext Index (+1.86%), and the Automotive Parts Index (+1.83%) [5][21] Group 3 - The report draws parallels between the current potential of humanoid robots and the past boom of electric vehicles, suggesting a similar macroeconomic backdrop and industry stage could lead to significant investment opportunities [8][9] - The expected market size for humanoid robots is projected to reach $700 billion by 2030, compared to an estimated $570 billion for electric vehicles in 2024 [8] - Investment opportunities are identified in core components and domestic manufacturers, with a focus on companies that meet three necessary conditions: management determination, past performance validation, and future application scenarios [9] Group 4 - The report discusses the rise of Hengli Heavy Industry as a new player in the shipbuilding sector, benefiting from an upturn in shipbuilding demand and improved profitability [10] - The global shipbuilding industry is expected to see a 34.9% increase in new orders in 2024, with specific segments like container ships and oil tankers showing significant growth [10] - Hengli Heavy Industry's competitive advantages include ample production capacity and an integrated supply chain, which are expected to support future performance [10][11] Group 5 - The report highlights the strategic moves of Meilixin, including a planned share buyback and a fundraising initiative aimed at expanding its liquid cooling and semiconductor projects [11][13] - The company is positioned to benefit from its partnerships in the server liquid cooling market, leveraging its manufacturing capabilities and established client relationships [11][13] - Future performance is anticipated to exceed market expectations due to the company's strategic focus on high-demand sectors such as telecommunications and electric vehicles [11][13]

A股低开，沪指低0.19%，创业板指跌0.21%。算力硬件、光伏、锂矿概念股回调，商业航天继续活跃，深海科技题材走强。 商品期市开盘多数下跌，焦炭跌1.96%，沪银跌0.72%，集运指数(欧线)跌0.67%。 国债期货全线高开，30年期主力合约涨0.41%，10年期主力合约涨0.13%，5年期主力合约涨0.07%，2年期主力合约涨0.02%。 9:41 A股商业航天概念继续活跃，龙洲股份5连板，宝胜股份、西部材料3连板，陕西华达涨超10%，达华智能、航天宏图、雷科防务、顺灏股份跟 涨。 | 代码 | 名称 | 现价 | 涨跌幅 | | --- | --- | --- | --- | | 301517 | 陕西华达 | 62.77 | 20.00% | | 688682 | 霍莱沃 | 44.90 | 8.93% | | 000901 | 航天科技 | 24.89 | 6.60% | | 688066 | 航天宏图 | 29.74 | 5.09% | | 001270 | *ST斩昌 | 54.15 | 5.00% | | 300395 | 菲利华 | 85.58 | 4.89% | | 688311 | 盟升 ...

锂电 12 月排产数据发布 20251208 摘要 2025 年中国新能源车市场渗透率达 51.6%，销量 171.5 万辆；美国市 场渗透率降至 7.2%，销量 9.1 万辆，预计 2026 年销量将负增长至 140 万辆；欧洲 10 月渗透率约 30%，销量 31 万辆。 动力电池厂商竞争格局稳定，宁德时代和比亚迪领先，中创新航、亿纬 锂能、国轩高科等二线企业受益于储能订单，产能利用率高，预计 2026 年增速加大，LG 化学或面临被挤出前五的风险。 全球储能市场爆发，2025 年 1-10 月产量 469.83GWh，同比增长 67.77%，全年预计超 600GWh，增速超 70%。国内政策调整及海外 AI 数据中心和电网更新需求驱动增长，国内储能投资回报率约 8%- 12%。 2025 年 1-10 月磷酸铁锂产量 309.57 万吨，同比增长 65.21%；磷酸 铁产量 259.41 万吨，同比增长 70.37%；三元材料产量 83.07 万吨， 同比增长 3.9%。锰酸锂和钴酸锂分别同比增长 11%和 20%。 2025 年 1-10 月负极材料产量 237.6 万吨，同比增长 37.51%；电解 ...

2016年押注新能源车，没人敢肯定能成，威马突然倒下，汇川一下子亏了三亿，别人都想撤，只有朱兴明没动，两年后理想火了，汇川的V6S电机转速飙到 两万一千转，成了国产电驱里真能打的，现在每三台国产新能源车，就有一台用着汇川的电控系统。 2025年的深圳，汇川技术市值冲到一千六百亿，他们做的电机跑在小米、理想这些车里，没人想到这公司原来是华为扔掉的项目，2001年华为卖了安圣电 气，裁掉的员工朱兴明带着十九个人，硬是在工业自动化里拼出了一条路。 被艾默生收购后，朱兴明拿了赔偿金，转身自己干，那时候中国工厂里的变频器、伺服电机，基本全靠西门子、安川这些外国货，一台电梯控制器卖好几 万，汇川团队从电梯入手，把价格压到外资的一半，靠着深圳那边的供应链，2007年赚到了第一个五千万。 2010年上市后，汇川砸了几亿搞伺服系统，结果大败，实验室里七成产品被退回来，技术团队差点散了，朱兴明把公司利润全押上，派人蹲在德国西门子研 发中心门口求教，最后把欧洲的算法和中国的产线拼在一起，伺服市场就做成了国内第一。 但不是每个决定都对，2016年汇川放弃光伏逆变器，结果错过了和华为一起拼的机会，朱兴明后来复盘说，当时觉得光伏赚不了多 ...

Group 1 - The stock price of CIMC Vehicles has increased by 14.48% year-to-date, with a slight decline of 0.20% over the last five trading days, a rise of 2.03% over the last 20 days, and an increase of 10.69% over the last 60 days [2] - CIMC Vehicles primarily engages in the production of semi-trailers, special vehicle superstructures, and refrigerated truck bodies, with its main business revenue composition being 80.61% from global semi-trailers, 17.14% from superstructures, chassis, and tractors, and 2.25% from other sources [2] - As of September 30, 2025, CIMC Vehicles reported a revenue of 15.012 billion yuan, a year-on-year decrease of 5.13%, and a net profit attributable to shareholders of 622 million yuan, down 26.23% year-on-year [2] Group 2 - CIMC Vehicles has distributed a total of 2.664 billion yuan in dividends since its A-share listing, with 1.655 billion yuan distributed over the past three years [3] - As of September 30, 2025, the number of shareholders of CIMC Vehicles decreased by 16.07% to 29,800, while the average circulating shares per person increased by 19.17% to 48,786 shares [2] - The top ten circulating shareholders include Dazheng Gaoxin Stock A, which holds 25.058 million shares, a decrease of 5.0289 million shares compared to the previous period [3]

Summary of Key Points from Conference Call Records Industry Overview - The conference call discusses the **construction materials, steel, and non-ferrous metals industries**. The focus is on the cyclical nature of these sectors and the impact of government policies on supply and demand dynamics [1][2][4]. Core Insights and Arguments - **Anti-Competition Policies**: The "anti-involution" policy aims to curb vicious competition through government intervention and leading enterprises, promoting supply contraction. This has led to significant improvements in the steel industry after the elimination of substandard steel [1][2]. - **Current Industry Position**: Both the construction materials and steel industries are at the bottom of the cycle, with cement companies experiencing declining shipment volumes and some reporting losses. The steel sector shows slight improvement in profitability compared to last year, but remains weak due to high iron ore prices and cost pressures from coking coal [1][4]. - **Housing Policy Impact**: The new housing policy emphasizes quality design and materials, encouraging construction material companies to develop high-quality products to meet the growing demand for comfortable living environments in the existing housing market [1][4]. - **Non-Ferrous Metals Appeal**: The non-ferrous metals sector is attractive due to expectations of global economic recovery, supply chain tensions, and increased demand from the new energy industry. However, uncertainties from global economic and policy changes must be monitored [1][5]. - **Investment Drivers for Non-Ferrous Metals**: The rise in non-ferrous metals is driven by macro demand, supply-side vulnerabilities, and expectations of interest rate cuts. Fiscal expansions in Europe and the U.S., along with domestic manufacturing upgrades, are boosting metal demand [5][6]. Additional Important Content - **Supply-Side Vulnerabilities**: Despite high prices for copper and aluminum, new capacity and mining capital expenditures remain low. Existing mines face challenges such as geopolitical risks and natural disasters, limiting supply increases [6][8]. - **Investment Signals**: Key indicators for assessing investment opportunities in cyclical industries include PB (Price-to-Book) and ROE (Return on Equity). High PB and ROE suggest a peak in the industry cycle, while macroeconomic conditions and policy changes, such as interest rate adjustments by the Federal Reserve, significantly impact market liquidity and industry performance [9][10]. - **Future Outlook for 2026**: The cyclical sectors are expected to present structural investment opportunities, particularly in non-ferrous metals, as anticipated interest rate cuts may lead to increased liquidity. However, caution is advised as current valuations may not be low [17]. This summary encapsulates the critical insights from the conference call, highlighting the current state and future outlook of the construction materials, steel, and non-ferrous metals industries.