如果还在把潍柴动力与重卡行业划上等号，那将错失一个全面优质的上市公司。仔细拆分潍柴动力的业 绩结构和近年来的公司表现，一系列信息共同指向一个被忽视的事实：这个传统动力巨头已悄然完成业 务结构重塑，其发展韧性和增长空间还未被充分挖掘。 前期高盛发布研报指出，市场对重卡周期性与电动化冲击的担忧可能过度，并着重强调了潍柴动力在发 动机业务多元化、特别是大缸径发动机及新能源动力系统方面的战略布局与增长潜力。在当前美国多地 面临电网承压、数据中心电力需求激增的背景下，潍柴动力的相关产业布局尤其值得关注。 潍柴动力在发电系统领域布局全面，且占据行业领先地位，尤其是可满足数据中心场景的多种能源电力 需求。备用电源市场中，潍柴动力的柴油和天然气发电产品，为数据中心可靠运行提供最后的电力保 障；持续供电市场中，除柴油、天然气发电产品外，潍柴动力2018年开始布局的SOFC产品（固体氧化 物燃料电池）凭借其低碳、高效、灵活以及更有优势的度电成本，正在数据中心和工业园区当中成为一 个愈发具有吸引力的发电解决方案。 一、电力缺口催生发电产业发展机遇 在全球数字化转型与人工智能浪潮的推动下，数据中心的电力需求正以前所未有的速度增长。根 ...

编号：20251224 | | 特定对象调研 □分析师会议 | | | --- | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | 类别 | □新闻发布会 □路演活动 | | | | 现场参观 | | | | □其他 | | | | 序号 代表机构 | 姓 名 | | | 1 华夏基金 | 吕佳玮 | | | 2 华夏基金 | 王嘉伟 | | | 3 华夏基金 | 吴 昊 | | 活动参与人员 | 4 光大证券 | 陈佳宁 | | | 5 光大证券 | 王礼沫 | | | 6 光大证券 梅 玲 | | | | 按照要求，以上人员已签署了承诺书。 | | | | 杰瑞股份参会人员： | | | | 毛彩霞、王鹤扬 | | | 时间 | 2025 年 12 月 24 日 09:00-12:00 | | | 地点、形式 | 公司总部大楼会议室、现场调研参观 | | | | 一、公司基本情况介绍 | | | | 二、互动交流摘要 | | | | 1.请问公司海外业务整体发展情况如何？ | | | | 答：近年来，公司坚定执行国际化战略，海外战略布局取得显著成效，业务遍布70 ...

Group 1 - The world's first commercial supercritical carbon dioxide power generation unit, "Super Carbon No. 1," was officially launched in Liupanshui, Guizhou, showcasing a revolutionary thermal power conversion technology [1] - "Super Carbon No. 1" achieves over 85% improvement in power generation efficiency and over 50% increase in net power output compared to existing waste heat steam power generation technologies [1] - The system is simplified with reduced equipment, easier operation and maintenance, and a 50% reduction in space requirements, significantly enhancing the depth of industrial waste heat utilization [1] Group 2 - The demonstration project of "Super Carbon No. 1" opens a new avenue for deep energy utilization, supporting the future engineering applications of advanced energy conversion technologies in thermal power generation and solar power generation [1] - Hai Lian Xun has absorbed and merged with Hangzhou Turbine to conduct research on the supercritical carbon dioxide Brayton cycle power generation system [1] - Zhongmi Holdings has been developing a supercritical carbon dioxide energy storage system since 2017, focusing on high-speed, high-temperature, and complex medium dry gas seals, and has established a testing platform for supercritical carbon dioxide dry gas seals [1]

中国超临界CO2发电系统行业需求潜力与投资规划分析报告2025年版 【全新修订】：2025年12月 【出版机构】：鸿晟信合研究院 【内容部分有删减·详细可参鸿晟信合研究院出版完整信息！】 【免费售后 服务一年，具体内容及订购流程欢迎咨询客服人员 】 报告目录 第一章超临界CO2发电系统行业概述 第一节 超临界CO2布雷顿循环相关概述 一、超临界CO2布雷顿循环基本原理 二、CO2物理性质及优势 三、超临界CO2布雷顿循环优点及应用领域 第二节 超临界CO2布雷顿循环发展历程 第三节 超临界CO2发电系统特点 一、超临界CO2发电系统概述 二、超临界CO2发电系统组优势 第二章国外超临界CO2发电系统市场发展概况 第一节 全球超临界CO2发电进展 一、全球超临界二氧化碳循环发展概述 二、全球主要国家超临界CO2发电项目进展 第二节 美国能源部超临界CO2发电项目分析 三、S-CO2太阳能发电系统存在的问题 第七节 未来超临界CO2发电系统技术趋势 第五章超临界CO2发电系统市场特性分析 第一节 中国超临界CO2发电系统发展进展 第二节 超临界CO2发电系统SWOT及预测分析 一、超临界CO2发电系统优势 二、超 ...

Core Viewpoint - The rapid development of AI is driving a surge in global electricity demand, presenting significant growth opportunities for the power generation industry [1] Company Summary - Weichai Power (000338) is leveraging precise technology and product offerings, along with forward-looking capacity planning, to rapidly expand its market presence in the power generation sector [1] - The company is diversifying its profit sources through its power generation business, which includes a combination of diesel, natural gas, and SOFC products to meet diverse market demands for both backup and primary power sources [1] - Weichai aims to provide efficient, reliable, safe, and clean data center power solutions while establishing a comprehensive ecosystem for high-end global customers in the big data center business [1]

涨幅榜 资金净流入 5日涨幅* 发电设备 贵金属 通信设í +2.51% +2.21% +1.969 得险 米島体 能源设1 +1.49% +1.96% +1.419 | 上证指数 | 深证成指 | 北证5( | | --- | --- | --- | | 3886.13 | 13252.51 | 1448.0 | | +12.82 +0.33% +105.12 +0.80% +4.92 +0 | | | | 科创50 | 创业板指 | 万得全/ | | 1347.96 | 3189.65 | 6263.3 | | +22.13 +1.67% +25.98 +0.82% +44.01 +0 | | | | 沪深300 | 中证500 | 中证A5( | | 4575.94 | 7174.64 | 5524.9 | | +23.75 +0.52% +91.74 +1.30% +38.59 +0 | | | | 中证1000 | 中证2000 | 中证红 | | 7366.71 | 3100.62 | 5420.6 | | +54.72 +0.75% +19.28 +0.63% -14.93 -0 | | | A ...

Market Overview - The A-share market experienced a decline today, with the Shanghai Composite Index falling by 0.7% to close at 3873 points, and the Shenzhen Component Index dropping by 1.27% [1][2] - The total market turnover reached 1.89 trillion yuan, an increase of 936 billion yuan compared to the previous trading day, with over 4300 stocks declining [1] Index Performance - Shanghai Composite Index: 3873.32, down 27.18 points (-0.70%) [2] - Shenzhen Component Index: 13147.39, down 169.04 points (-1.27%) [2] - ChiNext Index: 3163.67, down 45.33 points (-1.41%) [2] - North Star 50 Index: 1443.1, up 53.37 points (+3.84%) [2] Sector Performance - The market saw a broad decline across various sectors, with significant drops in the duty-free concept, which fell nearly 9%, and the aquaculture sector, which hit the limit down [4] - The Fujian sector also experienced a pullback, with multiple stocks hitting the limit down [4] - Conversely, the controllable nuclear fusion sector surged, with Tianli Composite hitting the limit up, along with several other stocks [4] - The wind power equipment sector showed gains, and the superconducting concept also saw a rise, with some stocks hitting the limit up [4]

| 涨幅榜 | 资金净流入 | ５日涨幅を | | --- | --- | --- | | 发电设备 | 贵金属 | 银行 | | +2.54% | +0.51% | +0.339 | | 航天军工 | 酒类 | 化纤行」 | | +0.20% | +0.02% | -0.119 | A股三大指数今日高开后震荡下行，截至收盘，沪指跌0.7%报3873点，深证成指跌1.27%，创业板指跌1.41%，北证50指数逆市上涨3.84%。全市场成交额 1.89万亿元，较前一交易日增量936亿元，超4300股下跌。 盘面上，房地产板块走低，中国武夷跌停；福建板块回调，华映科技、厦门信达等多股跌停；免税概念下挫，广百股份跌近9%；水产养殖板块走弱，天马 科技跌停；小红书概念、商业百货及预制菜概念等跌幅居前。另外，可控核聚变板块爆发，天力复合30CM涨停、华菱线缆、雪人股份等多股涨停；风电设 备板块走高，金风科技涨停；超导概念拉升，永鼎股份涨停；商业航天、仪器仪表等少数板块涨幅居前。(格隆汇) | 上证指数 | 深证成指 | 北证5( | | --- | --- | --- | | 3873.32 | 13147.39 | ...

Market Overview - The A-share market experienced fluctuations on December 11, with the ChiNext Index initially rising over 1% before retreating [2] - The Shanghai Composite Index closed at 3895.26, down 5.24 points or 0.13%, while the Shenzhen Component Index rose by 15.42 points or 0.12% [3] - The power generation equipment, precious metals, and electrical engineering sectors showed strong performance, while real estate, retail, and internet sectors faced adjustments [3] Sector Performance - The power generation equipment sector led the gains with a rise of 3.55%, followed by precious metals at 2.86% and electrical engineering at 1.73% [4] - The Hang Seng Technology Index declined, with notable drops in companies like Horizon Robotics, Alibaba Health, and Kingsoft [5] Precious Metals - Precious metal stocks continued to perform strongly, with Shanjin International rising over 8%, and other companies like Shengda Resources and Zijin Mining also seeing gains [12][13] - The spot silver price increased by over 1%, reaching $62.76 per ounce, while the SHFE silver futures surged by 4.16%, priced at 14642 CNY per kilogram [14][15] Energy Storage Sector - According to a report by CICC, the energy storage industry is expected to maintain high demand through 2026, driven by global energy transition trends and significant project volumes in major markets like the US, Europe, and China [11] Company Highlights - Moer Technology's stock price reached a new high of 800 CNY, increasing by over 12%, with a total market capitalization of 383.073 billion CNY [19][22] - Moer Technology, known as the "first domestic GPU stock," focuses on providing computing acceleration platforms for AI and high-performance computing fields [22]

Market Overview - The A-share market experienced fluctuations on December 11, with the ChiNext Index initially rising over 1% before retreating [1] - The total trading volume reached 697.9 billion, with a predicted increase of 58.8 billion to 1.85 trillion [2] Sector Performance - The power generation equipment and precious metals sectors showed strong performance, with significant gains in stocks such as Tongguang Cable, which hit a 20% limit up [4] - Precious metals stocks continued their strong trend, with Shanjin International rising over 8% and the spot silver price increasing by over 1% to $62.76 per ounce [5][6] Precious Metals Insights - The silver futures contract on the Shanghai Futures Exchange surged by 4.16%, reaching 14,642 yuan per kilogram [5] - The recent price movements in silver indicate a shift from following gold prices to being driven by the gold-silver ratio, which has dropped below 70, suggesting a significant outperformance of silver relative to gold [7] Company Highlights - Moore Threads' stock price reached a new high of 800 yuan, increasing by over 12%, with a total market capitalization of 383.073 billion yuan [9] - The company, known as the "first domestic GPU stock," successfully listed on the Sci-Tech Innovation Board on December 5, 2023, and is focused on providing computing acceleration platforms for AI and high-performance computing [9]