本报记者 马宇薇 金秋时节，田间地头洋溢着丰收的喜悦。沉甸甸的收获背后是科技力量和数字化服务的深度加持，一系 列智能化农业装备与场景化服务，让传统秋收一步步迈向更智能、更高效的新图景。 推进数字化服务 智慧农机优势显著 当前，上市公司正通过底层技术突破与硬件迭代，让农机在粮食收获季推动生产力实现质的提升。 潍柴动力股份有限公司旗下潍柴雷沃智慧农业科技股份有限公司（以下简称"潍柴雷沃"），以智慧农业 整体解决方案为粮食丰收赋能。据了解，今年秋收季，潍柴雷沃多款高端智能农机凭借核心技术突破筑 牢丰产根基。例如，雷沃P3404-8V CVT拖拉机突破无级变速核心技术；雷沃谷神GK7168收割机以16公 斤/秒超大喂入量实现高效收获。与此同时，依托智能控速、精准脱粒等技术，雷沃谷神将机收损失率 控制在最低水平，保障"减损增产"。 得益于农机购置补贴政策，黑龙江北大荒农业股份有限公司（以下简称"北大荒"）所在区域内农机装备 水平逐年提升，农业生产全程机械化率在全国处于领先水平。据了解，今年秋收，北大荒七星分公司通 过大马力拖拉机"收翻结合"一体化作业模式，最大限度地抢抓了有限的秋收整地时间，有效避免了因天 气变化等不确 ...

1)人口：农村劳动力减少且成本提升、装备成本下降，机器换人产业化拐点已至。我国"耕种管 收"的"管"环节机械化率最低，中金测算植保无人机有望助力我国节省年度打药成本超千亿人民币；2) 科技：传统农机向大型化、高端化、智能化转型，24年我国大马力、动力换挡、智能拖拉机渗透率 10.7%/3.7%/3.8%；3)政策：农机补贴政策向优机优补倾斜，2024年我国农机购置补贴回升并创历史新 高至246亿元，20-24年CAGR为10%。 智通财经APP获悉，中金发布研报称，落实"藏粮于地、藏粮于技"战略，智能农业装备是关键抓 手，"机器换人"已迎来关键机遇期。随着农业劳动力减少、土地流转带来产业需求提升，政策将智慧农 业、智能农机提至新的战略高度，立足中国国情农情的智能农业装备龙头，依托打磨成熟的领先科技、 更落地的农业服务和更完整的生态，已步入快车道。看好智能农业装备龙头引领"机器换人"革新，推荐 托普云农(301556.SZ)。 中金主要观点如下： 智能农业装备为粮食安全保障核心抓手，产业与政策机遇共振 1)保障粮食安全，藏粮于地提供基础、藏粮于技贡献弹性：25年中央一号文件将"智能农机、智慧农 业"列入"农业新 ...

Group 1 - The 8th China Farmers' Harvest Festival will be held in Yantai, Shandong Province, on September 23, showcasing agricultural achievements and serving as a window to observe the modernization of Chinese agriculture [2][4] - The festival will feature 58 key activities organized by 17 member units, including a main event in Chenjia Village, focusing on celebrating harvests and demonstrating the connection between poverty alleviation and rural revitalization [4] - Various local activities will be organized to highlight regional characteristics, focusing on showcasing harvest results, promoting rural consumption, and celebrating agricultural culture [4] Group 2 - In the context of rural revitalization, the capital market is becoming a significant force in promoting agricultural modernization, with listed companies driving efficiency and income growth in agriculture [7] - Zhejiang Agricultural Co., Ltd. reported a revenue of 22.303 billion yuan, a year-on-year increase of 4.44%, and a net profit of 130 million yuan, up 23.16%, by enhancing agricultural services and collaborating with leading companies [7] - New Wufeng achieved a revenue of 3.688 billion yuan, a 14.08% increase, and turned a profit with a net profit of 45.234 million yuan, by expanding its farmer partnership model and improving livestock management [8] - Zoomlion reported a revenue of 24.855 billion yuan, a 1.30% increase, and a net profit of 2.765 billion yuan, up 20.84%, by integrating smart technology into agricultural equipment [8]

Group 1 - The company is actively responding to the national "Technology Empowering Agriculture" strategy by launching the all-weather intelligent laser weeding robot 2.0, targeting the green agricultural equipment market valued at billions [2] - A subsidiary has been established in Harbin, currently in the pilot testing phase, with plans to complete engineering finalization and preparations for mass production by the end of the year, aiming for official mass market launch in 2026 [2] - In the CPO sector, the company has released the second-generation single-wave 400G optical engine and the industry's first 3.2T CPO optical engine, which will further advance the development of 3.2T solutions [2] Group 2 - The company's optical electronic information industry research and innovation park's first phase of the next-generation ultra-high-speed optical module R&D center and production base has commenced production in August, with a planned monthly capacity of 1 million units for data communication optical modules [3] - The overseas production capacity is also being enhanced, with the Thailand factory expected to reach a monthly capacity of 150,000 to 200,000 units by the end of the year, with adjustments based on customer order demands [3] - The company reports significant growth in export business, with overseas equipment and channel partners already shipping bulk quantities of 400G/800G optical modules [3]

Group 1 - The National Internet Information Office is soliciting public opinions on regulations to promote and standardize the application of electronic documents, aiming to enhance the digitalization of cargo trade and logistics, and reduce logistics costs [1] - The regulations encourage institutions and enterprises in cargo trade, logistics, and finance to recognize and use electronic documents, thereby improving digital application levels [1] - The exploration of using digital RMB and other new payment methods for cross-border payments is highlighted, along with the promotion of financial product and service model innovations [1] Group 2 - Fifteen departments, including the State Administration for Market Regulation, released guidelines to accelerate the digital development of quality certification, focusing on key digital equipment and product quality certification services [2] - The guidelines emphasize the development of certification systems for smart agricultural equipment, industrial robots, and other digital products, aiming to meet diverse consumer demands [2] Group 3 - The China National Space Administration announced the successful completion of the second tethered ignition test for the Long March 10 series rocket, which lasted 320 seconds and tested the capabilities of the rocket's engines [3] - The test was conducted at the Wenchang Space Launch Site and involved simultaneous ignition of seven engines, gathering complete test data [3] Group 4 - The People's Bank of China reported that in the first eight months, RMB loans increased by 13.46 trillion yuan, with a notable increase in medium to long-term loans [4] - The total RMB deposits increased by 20.5 trillion yuan during the same period, with a year-on-year growth of 8.6% [4] Group 5 - The Fujian Provincial Government issued an action plan to accelerate the green transformation of the economy, supporting the market-oriented allocation of marine resource factors and the establishment of a marine resource trading platform [5] Group 6 - The Ministry of Finance announced the issuance of 500 billion yuan in special government bonds to inject capital into banks, which is expected to stimulate approximately 6 trillion yuan in credit [6] Group 7 - Morgan Asset Management's CSI A500 Index Fund raised over 2 billion yuan, marking the largest initial fundraising scale for such products this year [7][8] Group 8 - The National Development and Reform Commission and the National Energy Administration issued a notice to improve pricing mechanisms for renewable energy, ensuring equal market participation for projects [9] Group 9 - The Fujian Provincial Government's action plan aims to achieve breakthroughs in data intelligence, hydrogen energy, advanced materials, and health and new medicine sectors, targeting a scale of 300 billion yuan for the energy-saving and environmental protection industry by 2030 [10] Group 10 - The National Internet Information Office is drafting regulations for large online platforms to establish personal information protection supervisory committees to oversee personal information protection [11]

证券代码：000338.SZ/2338.HK 证券简称：潍柴动力 潍柴动力股份有限公司投资者关系活动记录表 编号：20250901 其次，公司旗下海外产业势头强劲，盈利能力持续向好。 智慧物流业务的客户需求持续提升，上半年德国凯傲集团新增 订单 62.1 亿欧元，同比增长 22%；其中，二季度新增订单创下 历史最高水平。美国 PSI 得益于电力系统业务的高增长表现， 业绩创历史新高，营业收入 3.3 亿美元，同比增长 59%；净利 润 0.7 亿美元，同比增长 145%。 此外，重卡整车新能源转型加速，农业装备保持行业领先 地位。上半年，控股子公司陕重汽销售重卡 7.3 万辆，同比增 长 15%，市占率连年上升达 13.5%；新能源重卡销量约 1 万辆， 同比增长 255%，稳居行业前列。农业装备逆势增长，雷沃收入 增至 98.6 亿元，净利润增至 5.7 亿元。市场地位保持领先，拖 拉机、轮式谷物收获机、玉米收获机均位居国内第一。 2025 年下半年，业务层面，公司将继续提速结构增长，拓 展未来增量。管理层面，深挖运营潜能，增强发展韧性。坚持 向外、向内"两手抓"，一手抓产品升级和市场开拓，一手抓 管理提升 ...

Group 1 - The company reported a revenue of 113.15 billion yuan for H1 2025, a year-on-year increase of 0.59%, while the net profit attributable to shareholders was 5.64 billion yuan, a decrease of 4.40% year-on-year [2] - In Q2 2025, the company achieved a revenue of 55.69 billion yuan, a year-on-year decrease of 0.75%, and a net profit of 2.93 billion yuan, down 11.23% year-on-year [3] - The company plans to distribute a cash dividend of 3.58 yuan per 10 shares, totaling approximately 368 million yuan [2] Group 2 - The company’s product structure is continuously optimized, with stable growth in various businesses including engines, complete vehicles, smart logistics, and agricultural machinery [5] - The sales of engines reached 362,000 units, with the M series large-bore engines selling over 5,000 units, a year-on-year increase of 41% [5] - The company’s overseas subsidiary, KION GROUP AG, achieved a revenue of 5.5 billion euros in H1 2025 [5] Group 3 - The expansion of the old-for-new policy for heavy trucks is expected to boost domestic demand, with an estimated 76,000 new vehicles potentially driven by the policy [6] - The company is positioned as a leader in the domestic engine sector, continuously extending its product line and enhancing core competitiveness [7] - Revenue projections for 2025-2027 are estimated at 226.92 billion yuan, 237.24 billion yuan, and 244.36 billion yuan respectively, with net profits of 12.12 billion yuan, 13.90 billion yuan, and 15.45 billion yuan [9]

Core Viewpoint - Weichai Power reported strong financial performance for the first half of 2025, with revenue of 113.15 billion yuan and net profit of 5.64 billion yuan, while increasing cash dividends to shareholders [1] Group 1: Financial Performance - The company achieved a revenue of 113.15 billion yuan and a net profit of 5.64 billion yuan during the reporting period [1] - The cash dividend proposed is 3.58 yuan per 10 shares, with a dividend payout ratio of 57%, marking a total cash dividend exceeding 19 billion yuan since 2021 [1] Group 2: Strategic Business Growth - Weichai Power's multi-power strategy led to explosive growth in strategic business, with total engine sales reaching 362,000 units, including over 5,000 high-end M-series large-bore engines, a 41% increase year-on-year [2] - The company’s revenue from high-end M-series engines was 2.52 billion yuan, a 73% increase year-on-year, with significant growth in the data center backup power sector, where sales surged by 491% [2] - In the new energy sector, the company’s battery sales reached 2.32 GWh, a 91% increase year-on-year, supported by the launch of its first blade battery technology product [2] Group 3: Diversified Business Portfolio - The company’s vehicle business remained stable, with Shaanxi Heavy Duty Truck sales of 73,000 units, a 14.6% increase, and over 10,000 units of new energy vehicles sold, a 255% increase [3] - The agricultural equipment segment saw revenue of 9.86 billion yuan, with export revenue of 1.15 billion yuan, a 19% increase, despite overall industry pressure [3] - The overseas market showed strong recovery, with KION Group achieving revenue of 5.5 billion euros and a net profit of 47.9 million euros, alongside a 22% increase in new orders [3] Group 4: Strategic Transformation - The company is advancing six strategic transformations: new energy, internationalization, digital intelligence, aftermarket, large-bore engines, and non-road applications [4] - Plans for the second half of the year include enhancing innovation, expanding market share, and increasing the penetration of high-end products [4] - The company aims to strengthen R&D in cutting-edge areas such as hydrogen fuel cells and solid oxide fuel cells, while also enhancing service capabilities across the entire lifecycle of products [4]

Core Viewpoint - Weichai Power reported strong financial performance for the first half of 2025, with revenue of 113.15 billion yuan and a net profit of 5.64 billion yuan, leading to increased investor returns through cash dividends [1] Group 1: Financial Performance - The company achieved a revenue of 113.15 billion yuan and a net profit of 5.64 billion yuan during the reporting period [1] - The company plans to distribute cash dividends of 10 yuan for every 10 shares [1] Group 2: Strategic Business Growth - Weichai Power's multi-power strategy has led to explosive growth in strategic business areas, with total engine sales reaching 362,000 units, including over 5,000 high-end M series large-bore engines, a 41% year-on-year increase, generating revenue of 2.52 billion yuan [1] - The new energy business also performed well, with the first phase of the Weichai (Yantai) New Energy Power Industry Park officially launched, producing battery products utilizing blade battery technology [1] Group 3: Diversified Business Portfolio - The company's diversified global operations provided significant support for stable performance, with truck sales from Shaanxi Heavy Truck reaching 73,000 units, a 14.6% year-on-year increase, including over 10,000 new energy vehicles [1] - The agricultural equipment sector showed resilience, with Weichai Lovol Smart Agriculture achieving revenue of 9.86 billion yuan, including 1.15 billion yuan from exports, a 19% year-on-year increase [1] - The overseas business rebounded strongly, with KION Group achieving revenue of 5.5 billion euros and a net profit of 47.9 million euros, along with new orders of 6.21 billion euros, a 22% year-on-year increase [1] Group 4: Strategic Transformation - The company is committed to strategic transformation, focusing on six key areas: new energy, internationalization, digitalization, aftermarket, large-bore engines, and non-road applications [1] - In the second half of the year, the company aims to capitalize on domestic and international market opportunities, expand market share of core products, and maintain its market share advantage in natural gas engines [1]

Core Viewpoint - Weichai Power reported strong financial performance for the first half of 2025, with revenue of 113.15 billion yuan and net profit of 5.64 billion yuan, while increasing cash dividends to shareholders [1] Group 1: Financial Performance - The company achieved a revenue of 113.15 billion yuan and a net profit of 5.64 billion yuan during the reporting period [1] - The cash dividend proposed is 3.58 yuan per 10 shares, with a dividend payout ratio of 57%, and total cash dividends exceeding 19 billion yuan since 2021 [1] Group 2: Strategic Business Growth - Weichai Power's multi-power strategy led to explosive growth in strategic business, with total engine sales reaching 362,000 units, including over 5,000 high-end M series large-bore engines, which saw a 41% increase in sales [1] - The revenue from high-end M series engines reached 2.52 billion yuan, a 73% year-on-year increase, with significant growth in the data center backup power sector, where sales surged by 491% [1] Group 3: New Energy Business - The company’s new energy business showed strong performance, with the first phase of the Yantai New Energy Power Industry Park officially launched, producing high-end power battery products [2] - Power battery sales reached 2.32 GWh, marking a 91% year-on-year increase, indicating robust growth in the new energy sector [2] Group 4: Diversified Business Portfolio - Weichai Power's diversified global operations provided stability, with truck sales from Shaanxi Heavy Duty Truck reaching 73,000 units, a 14.6% increase [3] - The company’s agricultural equipment business grew against industry trends, achieving revenue of 9.86 billion yuan, with export revenue of 1.15 billion yuan, a 19% increase [3] - The overseas market showed strong recovery, with KION Group achieving revenue of 5.5 billion euros and a net profit of 47.9 million euros, alongside a 22% increase in new orders [3] Group 5: Strategic Transformation - The company is committed to strategic transformation, focusing on six key areas: new energy, internationalization, digital intelligence, aftermarket, large-bore engines, and non-road applications [4] - Plans for the second half of the year include enhancing innovation, expanding market share, and increasing the penetration of high-end products [4] - The company aims to strengthen R&D in cutting-edge fields such as hydrogen fuel cells and solid oxide fuel cells, while also enhancing service capabilities across the entire lifecycle [4]