应流股份 20250617 摘要 应流股份燃气设备订单自 2022 年起显著增加，2024 年下半年加速增 长，主要受益于下游需求（特别是海外电力和天然气发电需求）快速增 长以及航空市场复苏，截至 2025 年 3 月订单已达 12 亿元，另有近 4 亿元订单待签署。 公司与贝克休斯、西门子等国际巨头建立了深度合作关系。贝克休斯长 协订单至 2024 年底超过 3,000 万美元，预计 2025 年交付 3,000 万美 元，2026 年销售预期 5,000 万美元。西门子新增多个燃机制造任务， 包括先进的 9,000HL 燃机订单，巩固了公司在高端铸造领域的地位。 公司在燃气轮机和航空发动机领域订单充足。西门子未来订单需求预计 超 5 亿元人民币，安萨尔多新增 17 个品种订单，国内东方电气、上海 电气等客户订单均达九位数以上，整体在手订单超十亿元且持续增长。 航空发动机业务快速发展，与 G1 航空签署长协至 2030 年，赛峰和罗 罗新增订单，预计未来一年赛峰需求达 2000 万美元，罗罗年底交付额 约 100 多万英镑。与商发合作涉及 80 多个产品，今年商发民航取证首 个项目在公司完成。 Q&A 请介 ...

2025年6月16日，康明斯与客户和价值链伙伴聚集一堂，以一场特殊的客户日隆重庆祝在华 50周年。包括十几家在华合资合作伙伴，来自各行各业的200名客户代表，相关行业协会的领 导，媒体和康明斯员工代表一起回顾康明斯在华50年辉煌历程。 面临全球能源转型浪潮及发展机遇，活动现场, 康明斯前瞻发布了为中国市场量身打造的多项 价值升级新举措，涵盖多元能源技术解决方案及服务创新，助力中国能源转型，开启在华发展 新篇章。 50年跨越山河，铸就共赢典范 "关之创新,要破未来" Innovation and Destination Zero 7 1 1 11 WARDS FREE 8 1975年首批配备康明斯大马力柴油发动机的矿卡应用于中国铁矿，开启了康明斯在中国传奇 之旅。在随后的岁月里，康明斯不断探索与本土企业的合作模式, 从1981年，康明斯签订了第 中国工程机械工业协会会长苏子孟、中国汽车工业协会副秘书长李邵华、以及来自东风汽车、 北汽福田、陕汽、柳工、江淮、重庆机电的主机厂领导出席活动，并以亲历者讲述的形式，与 来宾共同回顾康明斯50年来深耕中国，与产业链上下游精诚合作，助力中国交通、工程基 建、矿山、通信、电力 ...

证券代码：600218 证券简称：全柴动力 公告编号：临 2025-024 安徽全柴动力股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 每股分配比例 A 股每股现金红利0.06元 Ａ股 2025/6/19 － 2025/6/20 2025/6/20 ? 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 4 月 25 日的2024年年度股东会审议通过。 ，共计派发现金红利26,135,995.14元。 三、 相关日期 | 股份类别 | 股权登记日 | | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/19 | － | 2025/6/20 | 2025/6/20 | | 四、 分配实施办法 无限售条件流通股的红利委托中国结算上海分公司通过其资金清算系统向股权登记日上 海证券交易所收市后登记在册并在上海证券交易所各会员办理了指定交易的股东派发。 ...

Summary of the Conference Call for Yingliu Technology Company Overview - Yingliu Technology is a leading domestic player in the fields of gas turbine blades, combustion chamber nozzle rings, and aircraft engine blades, supplying major global companies such as GE and Siemens [2][3] Financial Performance - The company reported a non-recurring net profit of 136 million yuan in Q1 2025, with full-year revenue expected to accelerate to between 440 million and 450 million yuan, and projected revenues for the next two years to reach 600 million and over 800 million yuan, maintaining a growth rate of over 40% [2][6] - The gross margin for the two-machine business segment has consistently remained above 40% [2][6] Investment and Asset Development - As of the end of 2024, fixed assets are expected to reach 4.086 billion yuan, with ongoing construction projects around 1.6 billion yuan, and a research and development expense ratio maintained above 12% [2][5] Market Dynamics - The global gas turbine market is dominated by Mitsubishi, Siemens, Baker Hughes, and GE, which together hold approximately 80% of the market share. These leading companies are experiencing significant order growth and are actively expanding production, indicating accelerated industry demand [2][12] - Orders from major manufacturers are booked until 2029, reflecting strong future demand [2][12] Strategic Initiatives - Yingliu Technology is advancing its two-machine projects, including blade and casing processing coating projects, with expected future output value increasing to 1.5 billion yuan. Combined with nuclear energy projects, total output value is anticipated to increase by 2.1 billion yuan, enhancing production capacity and growth potential [2][7] Nuclear Energy Sector - The company has made significant strides in the nuclear energy sector, with clients including Emerson and Schlumberger. It is one of the few domestic manufacturers with nuclear-grade pump equipment qualifications [4][24] - The approval of nuclear power projects in China has remained steady, with at least 10 units expected to be approved annually, driving demand for equipment [4][24] Aerospace Sector - Yingliu Technology has established strategic partnerships with major players in the aerospace sector, including airlines and engine manufacturers, indicating a strong competitive position in this market [4][18][22] - The company has developed over 80 product varieties, including blades and structural components, and is expected to see a continuous increase in new orders due to rising demand in the aerospace market [22][23] Domestic Market Trends - China's civil aviation market is projected to grow significantly, with the number of passenger aircraft expected to exceed 10,000 in the next 20 years, positioning China as the largest single aviation market globally [20] - The domestic push for the localization of gas turbines and aircraft engines is accelerating, supported by government policies and recent technological advancements [21] Valuation Insights - Yingliu Technology's current valuation has just surpassed 30 times earnings, which is still lower compared to international leaders like GE and Howmet, whose valuations are typically between 50 to 60 times earnings. The company is expected to maintain a profit growth rate of at least 40% over the next three years [27] Conclusion - Yingliu Technology is well-positioned for growth in the gas turbine and aerospace sectors, with strong financial performance, strategic investments, and a favorable market outlook. The company's valuation appears to have significant upside potential given its growth trajectory and industry dynamics [27]

Group 1 - The core issue of the negotiations revolves around the U.S. desire for China's rare earth resources, which are critical for various industries, including military and technology [1][12] - China has implemented export controls on seven types of heavy rare earths, significantly impacting U.S. manufacturing, with over 80% of global rare earth processing capacity located in China [1][12] - The U.S. military and technology sectors are highly dependent on rare earths, with a reliance rate exceeding 60%, leading to supply chain vulnerabilities for companies like Toyota and Boeing [1][9] Group 2 - The U.S. attempted to leverage three major strategies: upgrading AI chip bans, halting engine supplies for China's C919 aircraft, and tightening student visa regulations for Chinese STEM students [4] - These strategies have proven ineffective, highlighting vulnerabilities in U.S. dominance as China controls critical segments of the global supply chain [6][12] - The negotiations revealed that unilateral pressure from the U.S. could accelerate the "de-Americanization" process in global supply chains [6][12] Group 3 - The U.S. offered to relax some restrictions on chip design software and jet engine components in exchange for China lifting its rare earth export controls, indicating a zero-sum game approach [8] - China's countermeasures have effectively disrupted the U.S. military supply chain, with the F-35 production facing shutdown due to shortages of critical materials [9] - The U.S. has suffered significant losses, estimated at over $120 billion, due to its technology blockade against China, while China's domestic production rates in key sectors have improved significantly [10] Group 4 - The negotiations signify a shift in global power dynamics, with the era of coercive tactics yielding diminishing returns for the U.S. [12][13] - Rare earths are recognized as strategic resources essential for modern industries, and China's control over this resource is reshaping global supply chains [13] - China's proposal for a "rare earth industry community" aims to build a cooperative framework with ASEAN and EU countries, countering U.S. unilateralism [13][14]

Core Viewpoint - Guangxi Yuchai Machinery Group Co., Ltd. (Yuchai) is committed to innovation and green development, launching five new energy power products to establish a comprehensive "green power supermarket" [3][4][9] Group 1: New Product Launch - Yuchai introduced five new energy power products covering various sectors including vehicles, engineering machinery, shipping, and emerging low-altitude economy [3] - The YCK06H hydrogen range extender is the first commercial application in China achieving "zero carbon" emissions, designed for urban buses and short-distance cargo vehicles [4] - The YCY30N natural gas range extender is tailored for N3 class heavy trucks and N2 class light trucks, providing high power while significantly reducing operational costs [4] Group 2: Technological Advancements - The YCK16LM methanol hybrid powertrain, designed for non-road mining trucks, boasts a 28% durability advantage over industry averages and reduces fuel costs by 45% compared to diesel engines [4][5] - Yuchai is actively participating in the pre-research of international standards for emissions and collaborating with vehicle manufacturers to provide testing prototypes [5][6] Group 3: Strategic Vision - Yuchai aims to create a "power supermarket" that meets diverse market demands and fuel types, ensuring users find suitable power solutions [4][8] - The company emphasizes a gradual approach to achieving "dual carbon" goals, advocating for a diversified technological route [5][7] Group 4: Commitment to Innovation - Yuchai has maintained high R&D investment, receiving the Guangxi Science and Technology Progress Award for five consecutive years and leading a national key R&D project in 2024 [8][9] - The company has broken international technical barriers in the new energy sector, establishing a foundation for its products to enter global markets [8] Group 5: Future Goals - Yuchai's leadership emphasizes that innovation is the core of its sustainable growth, aiming to become a world-class independent power system supplier [9] - The company is focused on accelerating technological breakthroughs and transforming results to contribute to China's technological self-reliance and "dual carbon" goals [9]

对于商用车而言，动力性能如何，从来不止是参数表上冰冷的数据，它关乎运输的效率、产品 的可靠性，以及经营者的收益。所以，在用户购车的过程中，选择什么品牌、何种排量的发动 机，直接决定了其所能够承接的业务种类，尤其，在干线中长途及工程自卸等场景中，车辆的 动力表现更是至关重要。随着行业竞争的加剧，又有哪些品牌的相关动力产品，能够满足当下 的市场需求？ 近日，在第九届东风柳汽67品牌客户日的现场，玉柴机器展出了多款发动机产品。其中，玉 柴YCK16LN系列天然气发动机与YKC12L系列柴油发动机引起了小编的关注。下面，让我们 一同深入了解玉柴在商用车动力方面的最新成果与市场布局。 燃油燃气双管齐下 覆盖多种典型场景 众所周知，在"双碳"目标的大力推动下，重卡的新能源化正发展迅猛，叠加其在运营方面的成 本优势，对燃油、燃气车型的市场表现带来了不小的冲击。那么，作为行业领先的动力解决方 案提供商，玉柴为何仍坚持在燃油及燃气产品上的迭代创新？ "首先，关于新能源，玉柴有着自己的规划和相关解决方案。但是，就目前的市场现状来看， 燃油、燃气车型市场保有量远超新能源，在激烈的市场竞争环境下，这部分用户在升级车辆 时，亟需相匹配 ...

【重点关注】 ·6月5日下午，商务部举行例行记者会。有媒体提问称，有外国企业认为，中国稀土出口许可流程较 慢，他们的企业可能面临停产，请问中方对此如何回应？对此，商务部新闻发言人何咏前表示，稀土等 相关物项具有明显的军民两用属性，对其实施出口管制是国际通行做法。中国政府依法依规对两用物项 相关出口许可申请进行审查，对符合规定的申请，中方将予以批准，促进、便利合规贸易。 ·6月5日，外交部发言人林剑主持例行记者会。有记者就美国拟收紧外国公司在美上市一事提问。林剑 表示，美方应恪守公平竞争的市场原则，停止将经贸问题政治化，为包括中国企业在内的各国企业提供 公平、公正、非歧视的营商环境。林剑强调，中方将采取必要手段，坚决维护中国企业的正当合法权 益。 ·中国人民银行金融研究所所长丁志杰在新华社6月5日推出的"中国经济圆桌会"大型全媒体访谈节目中 表示，在金融政策支持下，金融机构投向实体经济的资金规模持续扩大，对中小企业的信贷支持力度明 显增强。丁志杰表示，围绕稳就业、稳增长的重点领域，中国人民银行将精准发力，更大力度推动落实 创业担保贷款政策，简化审批放款手续，缩短放款时限，引导银行在贷款利率、担保费率等方面给予更 ...

今年A股最大IPO 。 作者 I 王露 报道 I 投资界PEdaily A股超级IPO敲钟了。 投资界-天天IPO获悉，今日中策橡胶正式登陆上交所主板。此次IPO发行价格为46 .5 0元/ 股，开盘高涨22 .58%， 市值一度接近50 0亿元，后回落约450亿元，成为杭州20 25年至 今最大IPO。 追溯起来，中策橡胶脱胎于1 95 8年成立的杭州海潮橡胶厂，如今已是国内首屈一指的轮 胎 制 造 商 ： 一 年 卖 出 2 亿 条 轮 胎 ， 年 销 售 额 超 过 3 90 亿 元 。 身 后 掌 门 人 是 63 岁 的 浙 江 人 ——仇建平，早年先后在北京科技大学、西安交通大学求学，回到杭州工作十年后下海创 业，至今坐拥四家上市公司。 长于斯，扎根于斯。某种程度上，中策橡胶是杭州制造业的一缕缩影。电商与网红之外， 这座城市的硬核一面正被徐徐揭开。 诞生于杭州 轮胎大王，一年卖390亿 一个4 0 0亿IPO如何炼成？ 中策橡胶前身是19 5 8年成立的杭州海潮橡胶厂，因建厂于杭州海潮寺旧址而得名。这是 浙江省最早一批橡胶厂，早期以生产胶鞋、雨鞋和力车胎等橡胶制品为主，后更名为杭州 橡胶总厂，并 ...

俄罗斯两天内发生两起发动机工厂火灾 金十数据6月4日讯，今日，俄罗斯雅罗斯拉夫尔的Avtodizel发动机工厂发生火灾，该工厂是俄罗斯最大 的柴油发动机生产商之一，也是俄罗斯军方的供应商，该工厂位于莫斯科东北约280公里处，自2024年5 月以来一直受到美国的制裁。大火吞没了一个生产12缸发动机的400平方米车间。俄罗斯紧急情况部 称，消防员花了90多分钟才扑灭明火。这是两天内发生的第二起俄罗斯发动机工厂重大火灾。6月2日， 下诺夫哥罗德州扎沃日斯基汽车厂的一个车间发生爆炸和火灾，该工厂为民用和军用车辆生产汽油和柴 油发动机。 （基辅独立报） ...