在广西柳工机械股份有限公司(下称"柳工")传动件公司，特级技师、制造总监庞淇文熟练地操作数控机 床，如臂使指。日前，36岁的庞淇文荣获"全国劳动模范"称号。 日前，庞 淇文荣获"全国劳动模范"称号。柳工 供图 走进车间里，庞淇文就像一个数控机床的"指挥官"，根据零件图样及工艺要求，编制数控加工程序，让 所有部件、刀具联动运转，从而精准完成零件加工。 14年前，刚入职的庞淇文对新产品试制的工艺、图纸、刀具、零件还不熟悉，试制加工无从下手。但他 认为，要熟练掌握工艺、图纸、刀具以及试制流程，加工出来的零件才有"生命"。 为此，庞淇文给自己制定了许多"匪夷所思"的训练项目，练就了一门绝活：蒙住双眼仅靠触摸，便能识 别出数控加工中运用的每一把刀具。 如今，庞淇文在车间里就像一个刀尖上的"舞者"。变速箱零件加工精度约为0.02mm，仅为一根头发丝 的1/3，他能将加工精度控制到0.005mm。 中新网柳州4月30日电 题：广西特级技师"刀尖上起舞" 用匠心、创新助力中国"智造" 作者 林馨 刘春菊 创新，始终是庞淇文的追求。"每年我们都参与新产品的研发试制和工艺改造。"庞淇文说，由于公司每 年都会有新的零部件推出，因此 ...

Caterpillar (CAT) Q1 2025 Earnings Call April 30, 2025 08:30 AM ET Company Participants Alex Kapper - Vice President of Investor RelationsJames Umpleby - Chairman and Chief Executive OfficerJoseph Creed - Chief Operating OfficerAndrew Bonfield - CFOMichael Feniger - Director of Equity ResearchRob Wertheimer - Director of ResearchTami Zakaria - Executive DirectorDavid Raso - Senior Managing Director & PartnerJamie Cook - Managing Director - Equity ResearchAngel Castillo - Executive DirectorKristen Owen - Man ...

证券研究报告·公司点评报告·工程机械 山推股份（000680） 2025 年一季报点评：归母净利润同比+14%， 股份回购+股权激励彰显长期发展信心 买入（维持） | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 11,364 | 14,219 | 15,897 | 17,981 | 19,715 | | 同比（%） | 13.67 | 25.12 | 11.81 | 13.10 | 9.65 | | 归母净利润（百万元） | 783.30 | 1,102.26 | 1,386.20 | 1,596.33 | 1,847.58 | | 同比（%） | 23.99 | 40.72 | 25.76 | 15.16 | 15.74 | | EPS-最新摊薄（元/股） | 0.52 | 0.73 | 0.92 | 1.06 | 1.23 | | P/E（现价&最新摊薄） | 17.35 | 12.33 | 9.81 | 8.52 | 7 ...

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company's Q1 2025 net profit attributable to shareholders increased by 3% year-on-year, meeting expectations, and the hydraulic component leader is expected to benefit fully from the upward cycle [2] - In 2024, the company achieved total revenue of 9.39 billion yuan, a year-on-year increase of 4.5%, and a net profit attributable to shareholders of 2.51 billion yuan, a year-on-year increase of 0.4% [2] - The company is actively expanding its international customer base, with overseas revenue showing a year-on-year increase of 7.6% in 2024, despite a decline in overseas demand [2] - The company maintains excellent profitability, with a gross profit margin of 42.8% in 2024, up 1.1 percentage points year-on-year [3] - The company is advancing its diversification and internationalization strategies, with significant growth potential from its new projects in Mexico and linear actuator divisions [4] Financial Performance Summary - The company's total revenue is projected to grow from 9.39 billion yuan in 2024 to 15.01 billion yuan in 2027, with a compound annual growth rate of approximately 19.78% [1] - The net profit attributable to shareholders is expected to increase from 2.51 billion yuan in 2024 to 4.14 billion yuan in 2027, reflecting a compound annual growth rate of approximately 21.36% [1] - The earnings per share (EPS) is forecasted to rise from 1.87 yuan in 2024 to 3.09 yuan in 2027 [1]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - In Q1 2025, the company achieved a net profit attributable to shareholders of 1.41 billion yuan, a year-on-year increase of 54%, exceeding expectations. The company's globalization and diversification strategies are building a second growth curve [2] - The total operating revenue for Q1 2025 was 12.12 billion yuan, reflecting a year-on-year increase of 2.9%. The operating cash flow net amount was 740 million yuan, up 141% year-on-year, indicating a significant improvement in operational quality [2] - The overseas revenue reached 6.57 billion yuan, a year-on-year increase of 15.2%, with overseas revenue accounting for 54.2% of total revenue, up 5.8 percentage points year-on-year [2] Financial Performance - The gross profit margin for Q1 2025 was 28.7%, an increase of 0.2 percentage points year-on-year, while the net profit margin was 11.6%, up 3.9 percentage points year-on-year [3] - The company recorded asset disposal income of 560 million yuan, primarily from smart industrial park projects, indicating strong sustainability [3] - The company maintained good cost control, with sales, management, R&D, and financial expense ratios at 8.4%, 4.1%, 6.0%, and -0.72% respectively [3] Market Trends and Product Development - The sales of domestic crawler cranes and truck-mounted cranes in Q1 2025 increased by 16% and 5% year-on-year, respectively, indicating a clear trend of stabilization from the bottom [4] - In the emerging business sector, the company maintained a top-three market share in large and medium excavators, added nearly 40 new dealers, and established around 300 marketing outlets [4] - The company’s Hungarian factory commenced operations, with planned production capacity of 2-3 billion yuan, and launched several new products in high-altitude operation machinery [4] Earnings Forecast and Valuation - The company’s projected net profits for 2025-2027 are 5.04 billion, 6.10 billion, and 7.38 billion yuan, respectively, corresponding to current market P/E ratios of 13, 10, and 9 times [10]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected price increase of over 15% in the next 6-12 months [5]. Core Insights - The company reported a revenue of 12.117 billion yuan in Q1 2025, a year-on-year increase of 2.92%, and a net profit attributable to shareholders of 1.410 billion yuan, up 53.98% year-on-year [2][3]. - The company's gross margin for Q1 2025 was 28.67%, reflecting a slight year-on-year increase of 0.02 percentage points and a quarter-on-quarter increase of 1.14 percentage points [2][3]. - The company has seen a significant improvement in operating cash flow, with a net cash flow of 740 million yuan in Q1 2025, representing a year-on-year increase of 140.96% [3]. - The overseas revenue accounted for 51.41% of total revenue in 2024, surpassing domestic revenue, indicating successful global expansion [3]. - The report forecasts that the company's gross margin will reach 29.4%, 29.7%, and 29.9% in 2025, 2026, and 2027, respectively [3]. Summary by Sections Performance Review - In Q1 2025, the company achieved a revenue of 12.117 billion yuan, with a net profit of 1.410 billion yuan, marking a significant profit acceleration [2][3]. - The company’s net profit margin improved to 12.51%, up 3.84 percentage points year-on-year [2]. Operational Analysis - The domestic demand for excavators increased by 38.3% year-on-year, while exports grew by 5.49%, contributing to the revenue growth [3]. - The company is diversifying its product offerings, with significant growth in agricultural machinery and high-altitude machinery, achieving revenues of 4.683 billion yuan and 4.465 billion yuan, respectively, in 2024 [4]. Profit Forecast and Valuation - The projected revenues for 2025, 2026, and 2027 are 52.104 billion yuan, 60.719 billion yuan, and 70.983 billion yuan, respectively, with net profits expected to be 5.004 billion yuan, 6.436 billion yuan, and 7.935 billion yuan [5][10].

近日，长城重工正式完成5.2亿元A轮融资。本轮融资由招商局集团及山东能源集团 两大世界500强集团 下属产业资本领投，中泰创投、济宁高新发展集团及张家港创投基金跟投。 长城重工 有限公司成立于2023年，是一家专注于新能源工程机械及智慧矿山无人驾驶解决方案的创新 型企业。依托母公司长城集团在纯电、混动、氢能及智能驾驶等领域强大的核心技术，公司自成立以来 快速发展，已构建起具有竞争力的产品与服务体系，赢得了市场的良好口碑。 本轮融资，长城重工聚焦产业资本，秉持互惠互利原则，积极引入央国企大客户作为战略股东，以资本 为纽带，强化业务合作，筑牢发展根基。 随着A轮融资的顺利收官，长城重工即将进入全新的发展阶段。未来，公司将继续秉持"绿色化、智能 化"的发展理念，致力于为客户创造更大价值，为股东带来丰厚回报，同时积极推动新能源工程机械领 域的创新发展。相信在产业资本的有力加持下，长城重工定能乘风破浪，书写新的辉煌篇章！ ·往期回顾· 【行业热点】 招商局集团是中央直接管理的国有重要骨干企业，2024年全年利润总额达2272亿元，资产总额达14.7万 亿元，在全球26个国家或地区投资布局46个港口，构建了庞大且极具影响 ...

湖南日报4月30日讯（全媒体记者 谢卓芳 摄影 傅聪）4月30日，记者从第四届长沙国际工程机械展 览会新闻发布会上获悉，本届展会将首次设立"新技术新产品发布专区"，首展首发1500项新产品、新技 术、新标准、新成果，参展重型机械绿色化占比75%以上，展览会绿色搭建占比80%以上。 本次展会将新增安全应急装备和矿山装备两大行业集群，集中展示工程机械、应急装备、矿山机械、 农业机械四个板块23个大类2万余台/套产品。 ·往期回顾· 2. 如期切换， 工程机械12月1日起开启"国四"时代 3. 内销连续下滑13个月，今年出口大涨超7成 周期中的挖掘机行业何日再逢春？ 4. 2月开工率改善 工程机械行业预期"暖洋洋" 国际化升级。近60个国家驻华使节和代表，4家联合国国际组织已确认出席，国际观众预计超3000 人、比上届新增30%。 市场化升级。目前已签约参展企业达1650家，参展企业数量和净展面积均高于上届，预计市场化收 入达到75%，较上届高15个百分点。 突出区域协同。本届展会首次联合浙江、山东、安徽、河南四省共同举办五省工程机械产业区域合作 大会，共建五省区域合作机制。 为营造全城办展的浓厚氛围，本届展会还协 ...

当今全球正处于向低碳转型的重要历史时期，工程机械迎来了百年未有之大变革， 呈现出绿色转型和智能升级新趋势。 随着"双碳"目标的持续推进以及人工智能、大模型等新技术广泛应用，传统工程机 械正向动力源变革、智能化升级、数字化转型、网络化联接的方向发展。新能源工程机 械将促进产业转型升级、重塑市场格局、推动可持续发展。 2025"新能源工程机械大会" 以 "绿色转型 智能升级" 为主题，将于 2025年6月17 —19日在烟台 召开。本届会议将汇聚全球工程机械产业领导者，探讨新能源、数智化的 产业政策和创新技术，解析市场需求与发展趋势，协同产供链，推动新能源工程机械产 业高质量发展。 诚邀行业精英共襄盛会，交流思想、分享经验、凝聚共识、开创未来。 01 会议名称 2025新能源工程机械大会 2025 New Energy Construction Machinery Conference（NECMC 2025） 02 会议时间及地点 2025年6月17—19日 烟台金沙滩喜来登酒店 地址：山东省烟台市经济技术开发区海滨路88号 电话：0535-6119999 03 会议内容 国家有关主管部门和组织，全球工程机械领域 ...

上天天基金APP搜索【777】领 98 元券包 ，优选基金10元起投！限量发放！先到先得！ 一大批A股公司业绩暴增！ 上市公司一季报正在密集披露中。截至4月29日20：50，两市又有近1000家上市公司披露一季报。其中，不少 公司业绩大幅增长。 有研新材 一季报显示，公司一季度营收为18.4亿元，同比下降18.67%；净利润为6738万元，同比增长 14698%。公司净利润增长主要是报告期子公司有研亿金和控股子公司有研稀土净利润增加。其中，有研亿金 净利润同比增加67%；有研稀土净利润同比减亏64%。 北方稀土 的业绩也实现大幅增长。公告显示，一季度实现营业收入92.87亿元，同比增长61.19%；净利润4.31 亿元，同比增长727.3%。报告期内，公司以镨钕产品为代表的主要稀土产品一季度均价同比升高，原料成本 同比降低，毛利同比增加。 新黄浦公告， 一季度营业收入为2.32亿元，同比增长47.75%；净利润为7759万元，同比增长2123%。公司净利 润增长主要为报告期内投资收益增加所致。 4月29日晚间，又有不少公司披露了不错的业绩。一季度净利润方面，有研新材同比暴增14698%，新黄浦同比 增长212 ...