全球研发中心城市建设以来，新增各类研发机构1796家，总数达3823家，基本实现翻番。长沙正加速融 入全球创新网络。 攻坚克难，关键核心技术突破引领产业升级 过去五年，长沙关键核心技术攻关成果丰硕。长沙围绕国家重大战略需求和产业发展需要，构建自然科 学基金、科技重大专项、揭榜挂帅项目等构成的梯度分明、目标明确、衔接紧密的技术攻关体系，突破 产业关键技术400余项，其中领跑全球和自主可控技术超60项。 关键核心技术频频突破引领产业升级，省农科院选育出首个通过国家审定的镉低积累水稻品种"西子3 号"和首个大面积应用的镉低积累水稻品种"臻两优8612"，破解"镉大米"世界性难题。中电48所成功研 发8英寸碳化硅外延设备，推动我国第三代半导体制造装备迈入"8英寸时代"。铁建重工研制全球直径最 大、承载最高的整体式盾构主轴承，填补国产超大直径产品空白，跻身全球第一梯队。科技创新引领产 业创新，进一步巩固工程机械、种业、信息技术、新材料等优势领域领先地位，抢先布局人工智能等新 兴产业和未来产业。 转化增效，技术合同成交额占GDP比重上升至8.97% "1+2"国家实验室体系加速构建，省"4+4"科创工程在长项目产出100 ...

天眼查App显示，近日，济宁艺宁工程机械有限公司成立，法定代表人为刘茂奎，注册资本10万人民 币，经营范围为一般项目：机械设备销售；机械零件、零部件销售；电子专用设备销售；五金产品零 售；互联网销售（除销售需要许可的商品）；农、林、牧、副、渔业专业机械的销售；农业机械销售； 市政设施管理；园林绿化工程施工；工程管理服务；地质勘查专用设备销售；土石方工程施工；建筑工 程用机械销售；轨道交通工程机械及部件销售；建筑材料销售；建筑用金属配件销售；环境保护专用设 备销售；农业机械服务；矿山机械销售。（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）。 ...

据中国工程机械工业协会对挖掘机主要制造企业统计，2025年11月销售各类挖掘机20027台，同比增长13.9%。其中国内销量9842台，同比增长9.11%；出 口量10185台，同比增长18.8%。 | | | 2025年11月 中国挖掘机市场概况 | | | --- | --- | --- | --- | | | 国内 | 대 ロ | 合计 | | 当期销量 | 9 842 | 10 185 | 20 027 | | 去年同期 | 9 020 | 8 570 | 17 590 | | 同比涨幅 | 9.1% | 18.8% | 13.9% | | 累计销量 | 108 187 | 103 975 | 212 162 | | 去年同期 | 91 231 | 90 531 | 181 762 | | 同比涨幅 | 18.6% | 14.9% | 16.7% | 2025年1—11月，共销售挖掘机212162台，同比增长16.7%；其中国内销量108187台，同比增长18.6%；出口103975台，同比增长14.9%。 | | | | 2025年中国电动挖掘机市场情况 | | | | | | --- | --- ...

Core Viewpoint - The article highlights the achievements of Ruien New Energy in the 14th China Innovation and Entrepreneurship Competition, emphasizing its technological advancements and talent pool, which led to winning the second prize in the growth enterprise category [1][3][5]. Group 1: Competition Achievements - Ruien New Energy was selected as one of the 169 elite companies from 36 local competition zones, showcasing its strong performance in the semi-finals and finals [1]. - The company achieved a remarkable second place in the Jiangsu provincial competition, which featured 5905 entrepreneurial teams and 60 top projects [3]. - The recognition received in the national competition reflects the company's deep commitment to the new energy sector and its comprehensive strengths in technology research and development, talent acquisition, product innovation, and market application [5]. Group 2: Technological Innovations - Ruien New Energy focuses on innovative technology, particularly the "non-polar ear" large cylindrical battery, which enhances performance by restructuring the internal physical architecture of the battery [7]. - The core breakthrough involves eliminating traditional ear designs, significantly increasing current conduction area and efficiency, leading to improvements in charging speed, cycle life, and safety [7]. - This innovation allows the company's products to be applied in emerging fields such as humanoid robots, eVTOL, and heavy engineering machinery, injecting strong momentum into the development of cutting-edge industries [7]. Group 3: Future Plans - The company aims to continue developing its non-polar ear technology platform and expand its diversified product matrix to provide customized energy solutions for a wider range of applications [9]. - By building a global research, manufacturing, and service system, Ruien New Energy seeks to collaborate with partners to define the power standards for the next generation of high-end equipment, facilitating the intelligent upgrade and green transformation of global industries [9].

Core Viewpoint - The excavator sales in China are showing a positive growth trend, with both domestic and export sales increasing significantly in 2025 compared to the previous year [1] Group 1: Sales Performance - In November 2025, a total of 20,027 excavators were sold, representing a year-on-year increase of 13.9% [1] - Domestic sales for November reached 9,842 units, up by 9.11% year-on-year [1] - Export sales in November amounted to 10,185 units, reflecting an 18.8% increase compared to the same month last year [1] Group 2: Year-to-Date Performance - From January to November 2025, a total of 212,162 excavators were sold, marking a year-on-year growth of 16.7% [1] - Domestic sales during this period reached 108,187 units, which is an 18.6% increase year-on-year [1] - Export sales for the same period totaled 103,975 units, showing a year-on-year increase of 14.9% [1] Group 3: Electric Excavator Sales - In November 2025, 19 electric excavators were sold, categorized by weight as follows: 5 units under 6 tons, 2 units between 6 to 10 tons, 1 unit between 10 to 18.5 tons, and 11 units between 18.5 to 28.5 tons [1]

Core Insights - SANY Robotics is innovating in the electric forklift market by developing autonomous electric forklifts that address safety and efficiency issues associated with traditional forklifts [1][2] - The company has introduced a high-voltage lithium battery platform that enhances the performance of electric forklifts, allowing for a maximum load capacity of 2 tons and a lifting height of up to 5 layers [1][2] - SANY Robotics aims to expand its international presence, targeting a sales goal of 4 billion yuan by 2035, with a current forecast of 10 billion yuan in sales for the year [2][4] Group 1: Product Development - SANY Robotics has developed a high-pressure lithium battery forklift that utilizes automotive-grade technology, achieving a maximum climbing gradient of 25% and a charging efficiency that allows for 8 hours of work after just 1 hour of charging [2] - The electric forklifts have been successfully deployed in over 50 countries and regions, with applications in extreme working conditions [2][3] Group 2: Market Expansion - The company has upgraded its production lines to increase monthly capacity by 300% to meet growing market demand, with a projected order volume of 5,000 units for the year [2][4] - SANY Robotics has established a dealer network of over 150, covering major domestic provinces and key overseas markets [4] Group 3: Future Vision - The company is focusing on becoming a leading provider of smart logistics solutions, integrating high-performance electric forklifts with autonomous driving technology and AI algorithms [4] - SANY Robotics is committed to creating a low-carbon intelligent logistics ecosystem that encompasses warehousing, handling, sorting, and loading processes [4]

Core Insights - SANY Robotics is innovating in the electric forklift market by developing autonomous electric forklifts that address safety and efficiency issues associated with traditional forklifts [1][2] - The company has introduced a high-voltage lithium battery platform that enhances the performance of electric forklifts, allowing for a maximum load capacity of 2 tons and a lifting height of up to 5 layers [2] - SANY Robotics aims to expand its international presence, targeting a sales revenue of 4 billion yuan from forklifts in 2024 and an overseas sales goal of 4 billion yuan by 2035 [4] Company Developments - SANY Robotics was established in 2020 and has since become a key player in SANY Group's digital transformation and smart manufacturing initiatives [1] - The company has developed a range of products including unmanned forklifts and composite robots, focusing on the logistics and warehousing sectors [3] - SANY Robotics has successfully expanded its market reach, selling electric forklifts to over 50 countries and regions since its first international sales last year [2] Market Position and Strategy - The company is addressing two major challenges in material handling: pollution and inefficiency from traditional fuel-powered forklifts, and performance limitations of electric forklifts in extreme conditions [1][2] - SANY Robotics has upgraded its production capacity by 300% to meet increasing market demand, with an expected order volume of 5,000 units and sales revenue of 1 billion yuan for the current year [2][4] - The company is committed to becoming a leading provider of smart logistics solutions, integrating high-performance electric forklifts with autonomous driving technology and AI algorithms [4]

步入12月，市场进入政策、流动性、基本面向上共振的窗口期。前期市场调整有效释放了部分估值 与情绪风险，海外美联储仍有降息概率，国内中央经济工作会议定调将成为引导预期的核心锚点。 着眼2026年，A股市场将如何表现？哪些投资方向值得关注？一起来看长城基金权益基金经理们的 最新观点~ 廖瀚博：等待新的结构性亮点 目前市场暂未找到新的可持续上涨的主线，资金仍在不同板块之间轮动，尝试新的投资主题。在这 种背景下，市场整体震荡走平，需要关注是否出现新的结构性亮点，可以相对重视预期较低的板块。 谭小兵：市场或迎布局窗口期 11月市场受美国流动性预期影响，红利及周期板块表现不错，成长股表现相对落后。展望12月份， 我们认为市场短期内可能存在一定风险，但随着中央经济工作会议召开及美联储降息有望落地，市场可 能迎来一个备战明年预期的窗口期。 龙宇飞：持续看好AI应用端 我们继续看好医疗与消费领域中偏新科技的细分赛道，尤其对AI应用端保持乐观预期。无论是海外 还是国内市场，前期市场对AI应用的预期过高，但经过阶段性调整后，预期已回归理性。同时，算力 等硬件及基础设施建设已积累至一定规模，目前多个领域（尤其是 B 端及垂类场景）的 ...

Core Viewpoint - SANY Heavy Industry Co., Ltd. is planning to engage in futures hedging business to mitigate the adverse effects of raw material price fluctuations on its production operations, with a focus on commodities such as steel, copper, aluminum, crude oil, and rubber [5][11]. Group 1: Futures Hedging Business - The purpose of the futures hedging business is to effectively avoid the negative impacts of spot price fluctuations of raw materials on the company's production [5]. - The maximum trading margin and premium for the futures hedging business is set at RMB 800 million, with the highest contract value held on any trading day not exceeding RMB 2 billion [7]. - The trading period for this business is from January 1, 2026, to December 31, 2026 [9]. Group 2: Approval and Procedures - The board of directors convened on December 5, 2025, to approve the proposal for the futures hedging business, which does not require submission to the shareholders' meeting for approval [10]. - The company will use its own funds for the futures hedging business and will not utilize raised funds [8]. Group 3: Risk Analysis and Control Measures - The company acknowledges several risks associated with the futures hedging business, including market risk, funding risk, internal control risk, and technical risk [11]. - To mitigate these risks, the company will align the hedging business with its production operations, control the scale of funds used, and adhere to its internal management system for futures hedging [12]. Group 4: Impact on the Company - The futures hedging business is expected to lower the adverse effects of price fluctuations on raw materials and products, effectively manage production costs, and control operational risks, thereby safeguarding operating profits [13].

Group 1 - The company plans to conduct deposit business with its affiliated bank, Hunan Sanxiang Bank, in 2026, with a daily deposit limit of up to RMB 6 billion [2][4][9] - The proposal will be submitted for shareholder meeting approval [3][15] - The transaction does not constitute a major asset restructuring as defined by relevant regulations [5] Group 2 - The affiliated bank, Hunan Sanxiang Bank, is 18% owned by the company's controlling shareholder, SANY Group, and its chairman is also a director of the bank [6] - The bank's total assets reached RMB 52.767 billion, with loans of RMB 32.18 billion and deposits of RMB 39.175 billion as of the end of 2024 [8] Group 3 - The deposit business will be conducted at market prices, ensuring fairness and transparency [11][12] - The independent directors have unanimously agreed that the transaction is fair and does not harm the interests of the company or minority shareholders [13][29] Group 4 - The company intends to provide financial assistance to its subsidiaries totaling up to RMB 7.15 billion, with a borrowing term of one year [19][21] - The financial assistance is aimed at meeting the operational funding needs of subsidiaries [23][29] Group 5 - The company expects to engage in daily related transactions in 2026, with procurement from related parties amounting to RMB 10.15765 billion and sales to related parties amounting to RMB 5.32732 billion [35][36] - The independent directors have confirmed that these transactions are necessary for production and will not affect the company's independence [33][34] Group 6 - The company plans to provide guarantees for its subsidiaries and independent third-party suppliers, with a total guarantee limit of RMB 1 billion for 2026 [59][60] - The company has not experienced any overdue guarantees as of October 31, 2025 [68]