12月19日下午，广西人工智能学院，一群手持AI画笔的教育构想者汇聚于此。 当天，由自治区教育厅举办的2025年广西人工智能赋能教育创新应用大赛迎来冠军挑战赛。16个从 一等奖中脱颖而出的项目团队登上路演舞台，在教育智能体创新与应用、教育语料库创新与应用、教育 大模型优化与应用三个赛道中，讲述关于在人工智能赋能下的传承、守护、创新与跨越的鲜活实践。 路演中，广西商业学校烹饪营养系主任张彬快步走上台前，讲述了一个关于味道和记忆的故事。 桂菜烹饪技艺，是自治区传统技艺类非物质文化遗产代表性项目。但在职业教育的真实现状中，也 面临着三大困境——"传承难、资源散、互动弱"。如何破局？张彬集结了学校教师、技术骨干、行业大 师，联合马来西亚华侨烹饪大师汤贵文共同打造了一个前所未有的覆盖桂菜基础、技能、文化与双语术 语的多模态语料库。 更妙的是，他们还孵化出一个AI智能体——"桂小厨"。这位全天候在线的"数字助教"，不仅能答 疑、评分，还能精准推送学习内容。"餐饮也是一种文化，在AI创新加持下，桂菜烹饪技艺可以打通国 际学习屏障。"汤贵文很是笃定，未来会有更多人懂得用桂菜烹饪原料去进行东南亚菜的创新。 AI也可以成为守护粮 ...

12月18日，海南自贸港正式启动全岛封关运作。海口海关12月19日发布数据显示：全岛封关运作首日， 海关监管"一线"进口"零关税"货物货值达3.6亿元。 习近平总书记强调："稳步扩大制度型开放，深入实施自贸试验区提升战略"。 我国发展环境面临深刻复杂变化，更要以开放促改革促发展。勇做开拓进取、攻坚克难的先锋，在更广 领域、更深层次开展探索，自贸试验区建设正迈向更高水平。 广西自贸试验区，北部湾港海铁联运自动化码头昼夜不歇，集装箱航线通达全球127个国家及地区的571 个港口；陕西自贸试验区，中国西部科技创新港扬帆起航，集聚749个科研机构，成为链接科创资源的 纽带…… 建设自贸试验区是以习近平同志为核心的党中央在新时代推进改革开放的重要战略举措。从黄浦江畔到 湘江之滨，从彩云之南到天山脚下，22个自贸试验区累计贡献了全国约1/5的外商投资和进出口总额。 改革创新带来的，不仅是可喜的数字，更是发展逻辑的变化。 湖南长沙，铁建重工第二产业园盾构机主轴承生产车间，从3米到8.61米全系列主轴承整齐排列。 盾构机的主轴承是决定设备掘进效率与使用寿命的关键部件。"关键技术必须牢牢掌握在自己手中。我 们组建多领域跨学科攻 ...

中国占据全球电梯新装量超六成的市场，是当之无愧的电梯产销第一大国。在城市化持续推进、高层住 宅建设、老旧小区改造与公共交通网络扩张的多重驱动下，截至2025年，中国电梯总量已突破1200万 台，每日承载着数以亿计人次的垂直出行。 曳引机作为电梯的"心脏"，其核心部件曳引轮是传递曳引力的直接载体，必须兼具高强度、高韧性、耐 磨损、抗冲击等多重特性，其质量直接决定了电梯的安全、能效与寿命。过去很长一段时间，高速电梯 曳引轮的材料技术与高端制造被欧美企业所主导，实现核心部件的"国产化替代"，成为中国电梯产业迈 向高质量发展必须攻克的技术难题。 在这一高壁垒、高要求的细分领域，国家级专精特新"小巨人"企业——河北丰维机械制造有限公司（以 下简称"丰维机械"）竟以超过全球市场份额15%的占有率，成为美国奥的斯电梯公司等国际巨头的关键 供应商。 一个前身为县办农机厂、一度濒临破产的企业，如何一步步走上全球曳引轮竞争的舞台？ 一、从农机到电梯：绝境中的转型 20世纪70年代末，中国农村改革的浪潮席卷大地。安徽凤阳小岗村"分田到户"的创举，催生了家庭联产 承包责任制的全面推行，激活了农村生产力的同时，也意外地冲击了一批依赖计 ...

Market Overview - Despite external uncertainties, the market is expected to rebound, with Hong Kong stocks showing a stronger performance, closing up 0.42% [1] Federal Reserve and Precious Metals - The Federal Reserve is anticipated to lower interest rates by 25 basis points, which has led to a surge in precious metals prices. Silver's industrial demand is projected to rise significantly due to growth in solar energy, electric vehicles, and data centers, with a forecasted annual increase of 3.4% in silver demand from the automotive sector between 2025 and 2031 [2] Company Developments - Lingbao Gold Group has conditionally agreed to acquire a 50%+1 stake in St Barbara Mining Pty Ltd for AUD 370 million (approximately RMB 1.735 billion), focusing on gold mining projects in Papua New Guinea [3] - Vanke Enterprises experienced a significant stock increase of over 13% amid rumors of a potential 400 billion yuan interest subsidy policy for the real estate sector [4] - Longfly Optical Fiber and Cable announced a share placement at a discount of approximately 14.93%, raising about HKD 22.29 billion, with funds primarily allocated for overseas business development [6] - Horizon Robotics has entered a commercial partnership with Karl Power for autonomous freight solutions, resulting in a stock increase of over 3% [7] Real Estate Sector Insights - The Hong Kong real estate market is showing signs of recovery, with a projected 15% increase in property prices next year and a record number of residential transactions in 2023 [5] - The agricultural sector is also gaining attention, with significant stock increases for companies like First Tractor Co., driven by government initiatives to enhance agricultural production capabilities [5] Industry Focus - The Hainan Free Trade Port is set to officially launch operations on December 18, 2025, transitioning from a "test zone" to a "operational zone," which will enhance trade liberalization policies [8] Company Performance - SANY International reported steady domestic excavator sales and significant growth in overseas business, with a 14.7% year-on-year revenue increase in Q3 2025 [9] - The company is expected to continue its overseas expansion, with a clear strategic plan and strong product competitiveness [10]

天眼查App显示，近日，乐山勇春工程机械制造有限公司成立，法定代表人为李佳乐，注册资本100万 人民币，经营范围为一般项目：建筑工程用机械制造；新能源原动设备制造；电工机械专用设备制造； 机械设备租赁；机械设备研发；建筑工程机械与设备租赁；建筑工程用机械销售；新能源原动设备销 售；特种设备销售；机动车修理和维护；新能源汽车整车销售；建筑材料生产专用机械制造；新能源汽 车电附件销售；电池零配件销售；新能源汽车换电设施销售；新能源汽车生产测试设备销售；电池销 售；技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；电子专用设备销售；机械电气 设备销售；电动汽车充电基础设施运营；土石方工程施工；特种作业人员安全技术培训；新能源汽车废 旧动力蓄电池回收及梯次利用（不含危险废物经营）；专用设备修理；数字视频监控系统销售；数字视 频监控系统制造；信息系统集成服务；安全系统监控服务；网络与信息安全软件开发；物料搬运装备销 售；特种设备出租；充电桩销售。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）许 可项目：特种设备安装改造修理；电气安装服务。（依法须经批准的项目，经相关部门批准后方可开展 经营活动，具 ...

Group 1: Market Overview - As of November 30, 2025, the Shanghai Composite Index fell by 1.67%, while the Shenzhen Component Index and the ChiNext Index dropped by 2.95% and 4.23%, respectively[5] - The average decline of the stock portfolio in November was 4.83%, underperforming the CSI 300 Index, which fell by 2.46%[5] - The market is expected to experience consolidation, with external economic conditions remaining stable and the potential for further monetary easing by the Federal Reserve[5] Group 2: Stock Recommendations - Huaxin Cement (600801) is positioned for overseas expansion, with a closing price of 22.42 CNY and a projected EPS of 1.42 CNY for 2025[8][12] - Sanmei Co. (603379) focuses on refrigerants, with a closing price of 52.17 CNY and an expected EPS of 3.50 CNY for 2025[13][15] - China Duty Free Group (601888) benefits from policy dividends, closing at 79.03 CNY with a projected EPS of 1.94 CNY for 2025[16][19] - Contemporary Amperex Technology Co. (300750) is undergoing valuation recovery, with a closing price of 373.20 CNY and an expected EPS of 15.00 CNY for 2025[20][23] - Sungrow Power Supply (300274) is seeing favorable conditions in new energy storage, closing at 182.90 CNY with a projected EPS of 7.07 CNY for 2025[24][26] - SANY Heavy Industry (600031) is focused on engineering machinery, with a closing price of 20.32 CNY and an expected EPS of 1.00 CNY for 2025[27][29] - Yutong Bus (600066) is expanding its overseas market, closing at 31.11 CNY with a projected EPS of 2.14 CNY for 2025[33][37] - North Huachuang (002371) specializes in semiconductor equipment, with a closing price of 427.90 CNY and an expected EPS of 10.03 CNY for 2025[38][41] - Kingsoft Office (688111) is leveraging AI in office solutions, closing at 311.31 CNY with a projected EPS of 4.07 CNY for 2025[42][44]

（原标题：港股收评：恒指涨0.24%，银河娱乐涨近3%领跑博彩股，生物医药股下跌） 12月2日，港股三大指数早盘高开盘中回落曾集体转跌，午后又再度回升，总体波动不大，市场情绪平稳。恒生指数、国企指数分别上涨0.24%及 0.11%，恒生科技指数则下跌0.37%。 盘面上，大型科技股涨跌不一，美团跌3%，阿里巴巴、小米小幅上涨；工程机械出海大趋势明显，重型机械股集体走强，龙头三一重工、中联重 科涨幅靠前；摩通看好澳门博彩股明年趋势，濠赌股全天维持上涨行情；煤炭股、保险股、石油股、内房股、苹果概念股多数上涨。另一方面， 11月汽车股交付出炉，汽车股走势出现两极分化，广汽集团大涨超7%，"蔚小理"全天表现低迷；药品股、影视娱乐股、半导体芯片股多数下跌。 具体来看： 大型科技股涨跌不一，阿里巴巴、小米小幅上涨，美团跌3%。 重型机械股集体走强，龙头三一重工涨5.62%，中联重科涨1.78%，中国龙工涨1.35%。 消息面上，中国工程机械工业协会数据显示，10月销售各类挖掘机18096台，同比增长7.77%，其中国内销量8468台，同比增长2.44%；出口销量 9628台，同比增长12.9%。中信建投指出，在当前时间点 ...

另一方面，11月汽车股交付出炉，汽车股走势出现两极分化，广汽集团大涨超7%，"蔚小理"全天表现 低迷，药品类股全线下跌，影视娱乐股、半导体芯片股多数下跌，其中中芯国际跌超1%。(格隆汇) 盘面上，大型科技股呈现涨跌不一行情，其中，美团跌3%，阿里巴巴、小米小幅上涨；工程机械出海 大趋势明显，重型机械股集体走强，龙头三一重工、中联重科涨幅靠前；10月煤炭行业利润环比增长 5%，旺季临近需求有望改善，煤炭股表现活跃，摩通看好澳门博彩股明年趋势，濠赌股全天维持上涨 行情；保险股、石油股、内房股、苹果概念股多数上涨。 港股三大指数早盘高开盘中回落曾集体转跌，午后又再度回升，总体波动不大，市场情绪平稳。恒生指 数、国企指数分别上涨0.24%及0.11%，恒生科技指数则下跌0.37%。 ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - LiuGong is positioned to benefit from the recovery in the excavator and loader markets, with a strong focus on electrification and globalization [2][6] - The company aims to achieve a revenue target of 60 billion yuan by 2030, with international revenue accounting for over 60% and a net profit margin of no less than 8% [29] Summary by Sections Company Overview - LiuGong has been a leader in the loader market and has a strong presence in the excavator sector, with a history of over 67 years in the engineering machinery industry [14][15] - The company has expanded its product offerings and established a global presence, with subsidiaries in North America, Latin America, Europe, Asia-Pacific, and the Middle East [15] Market Performance - As of November 28, 2025, LiuGong's stock price is 11.95 yuan, with a market capitalization of approximately 24.29 billion yuan [4] - The company's performance over the past 12 months shows a 10.5% increase, outperforming the Shanghai and Shenzhen 300 index, which declined by 3.5% [4] Product Analysis - LiuGong's main products include loaders and excavators, with a comprehensive product range that includes electric models and various specifications [18] - The domestic market share for loaders is expected to remain the highest in 2024, while the excavator market share is gradually increasing [18] Industry Trends - The excavator market is expected to enter a new cycle driven by domestic recovery factors, including policy stimulation and large-scale engineering projects [6] - The electric loader market in China is projected to grow rapidly, with an expected compound annual growth rate of 50.1% from 2023 to 2028 [6] Financial Projections - Revenue forecasts for LiuGong from 2025 to 2027 are estimated at 345 billion, 403 billion, and 460 billion yuan, representing year-on-year growth rates of 15%, 17%, and 14% respectively [8] - The projected net profit for the same period is expected to reach 17 billion, 23 billion, and 31 billion yuan, with growth rates of 31%, 35%, and 32% respectively [8] Strategic Initiatives - LiuGong's "15th Five-Year Plan" outlines strategic goals to enhance its operational capabilities and product competitiveness, focusing on sustainable growth engines [29][32] - The company has implemented a stock incentive plan to motivate key personnel and align their interests with the company's long-term performance [30][31]

Group 1 - The company Liugong (SZ 000528) announced a temporary board meeting held on November 27, 2025, via communication voting to review the proposal for amending the company's articles of association [1] - For the first half of 2025, Liugong's revenue composition was as follows: 92.04% from construction machinery manufacturing, 6.58% from prestressed business, and 1.38% from financial services [1] - As of the report date, Liugong's market capitalization was 24.3 billion yuan [1]