Core Insights - Shenzhen is accelerating the development of a support policy system for overseas exhibitions, aligning with new market demands and trends [1] - The city has assisted nearly 4,000 companies in participating in 65 international exhibitions in the first four months of the year, showcasing Shenzhen's innovative capabilities globally [1] - It is projected that over 10,000 companies will be supported to attend more than 300 overseas exhibitions throughout the year, enhancing the global market presence of Shenzhen [1] Summary by Categories - **Policy Development** - Shenzhen is constructing a collaborative and categorized support policy for overseas exhibitions to meet new market demands [1] - **Exhibition Participation** - In the first four months, Shenzhen helped nearly 4,000 companies participate in 65 international exhibitions, including notable events like the Mobile World Congress in Spain and the Arab Health Exhibition in Dubai [1] - **Future Projections** - The city anticipates supporting over 10,000 companies in attending more than 300 overseas exhibitions by the end of the year, aiming to enhance the depth of Shenzhen's global market engagement [1]

2025 年 5 月 3 日 公司研究 利润稳健增长，经营质量持续提升 ——徐工机械（000425.SZ）2024 年年报、2025 年一季报点评 要点 净利润稳健增长，净利率持续提升 徐工机械 24 年实现营业收入 916.6 亿元，同比下降 1.3%；归母净利润 59.8 亿元，同比增长 12.2%；经营性现金净流入 57.2 亿元，同比增长 60.2%。毛利 率为 22.5%，同比上升 0.2 个百分点；净利率为 6.5%，同比上升 0.9 个百分点。 公司 25Q1 实现营业收入 268.1 亿元，同比增长 10.9%；归母净利润 20.2 亿元，同比增长 26.4%；经营性现金净流入 8.3 亿元，同比增长 257.2%。毛利 率为 22.1%，同比下降 0.8 个百分点；净利率为 7.6%，同比上升 0.9 个百分点。 传统产业提质增效，新兴产业发展壮大 24 年公司起重机械收入 189.0 亿元，同比下降 10.8%；土方机械收入 240.1 亿元，同比增长 6.4%；混凝土机械收入 94.1 亿元，同比下降 9.8%；高空作业 机械收入 86.8 亿元，同比下降 2.3%；矿业机械收入 63. ...