证券代码：600031 证券简称：三一重工 公告编号：2025-087 三一重工股份有限公司 一、审议通过《关于取消公司监事会并修订〈公司章程〉的议案》 为全面贯彻落实最新法律法规要求，进一步提升公司治理水平，根据《中华人民共和国公司法》《上市 公司章程指引》等法律法规的相关要求和最新规定，结合公司实际情况，公司将不再设置监事会和监 事，监事会的职权由董事会审计委员会行使，公司《监事会议事规则》相应废止。 在股东会审议通过本事项之前，监事会及监事仍将按照有关法律、行政法规和《公司章程》的规定继续 履行职责，确保公司的规范运作。 表决结果： 7 票同意， 0 票反对， 0 票弃权。 具体内容详见与本公告同日披露于上海证券交易所网站的《三一重工股份有限公司关于取消公司监事会 并修订〈公司章程〉〈股东会议事规则〉〈董事会议事规则〉的公告》。 二、审议通过《关于修订〈股东会议事规则〉的议案》 表决结果： 7 票同意， 0 票反对， 0 票弃权。 三、审议通过《关于修订〈董事会议事规则〉的议案》 第九届董事会第七次会议决议公告 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 ...

建设机械(600984)今日涨停，全天换手率5.06%，成交额2.84亿元，振幅11.95%。龙虎榜数据显示，机 构净卖出1617.10万元，营业部席位合计净买入7623.99万元。 上交所公开信息显示，当日该股因日涨幅偏离值达9.37%上榜，机构专用席位净卖出1617.10万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交1.27亿元，其中，买入成交额为9375.89 万元，卖出成交额为3369.00万元，合计净买入6006.89万元。 具体来看，今日上榜的营业部中，共有2家机构专用席位现身，即卖一、卖三，合计净卖出1617.10万 元。 资金流向方面，今日该股主力资金净流入1.09亿元，其中，特大单净流入1.14亿元，大单资金净流出 465.68万元。近5日主力资金净流入1.19亿元。 10月31日公司发布的三季报数据显示，前三季度公司共实现营业收入17.71亿元，同比下降10.65%，实 现净利润-9.40亿元。（数据宝） 建设机械12月5日交易公开信息 | 买/卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | ...

Core Viewpoint - Sany Heavy Industry (06031.HK) announced the approval of a proposal to conduct futures hedging business to mitigate the adverse effects of raw material price fluctuations on production [1] Group 1: Company Actions - The company will hold its ninth board meeting on December 5, 2025, to review the futures hedging proposal [1] - The proposal does not require submission to the shareholders' meeting as per relevant regulations [1] Group 2: Business Strategy - Sany's wholly-owned subsidiary, Sany Automobile Manufacturing Co., Ltd., will continue its futures hedging business in 2026 [1] - The hedging will involve major raw materials related to production, including steel and its raw materials, copper, aluminum, crude oil, and rubber, which have a correlated relationship with corresponding futures products [1]

Core Viewpoint - Sany Heavy Industry (06031.HK) announced the approval of a proposal to engage in futures hedging business to mitigate the adverse effects of raw material price fluctuations on production [1] Group 1: Company Actions - The company will hold its ninth board meeting on December 5, 2025, to review the futures hedging proposal [1] - The proposal does not require submission to the shareholders' meeting as per relevant regulations [1] Group 2: Risk Management Strategy - Sany Heavy Industry's wholly-owned subsidiary, Sany Automobile Manufacturing Co., Ltd., will continue its futures hedging business in 2026 [1] - The hedging will involve major raw materials related to production, including steel and its raw materials, copper, aluminum, crude oil, and rubber, which have a correlated relationship with corresponding futures products [1]

Core Insights - The mechanical industry has shown an overall upward trend in 2025, with the CITIC Mechanical Industry Index recording a 30.9% increase, outperforming the Shanghai Composite Index by 15.3 percentage points [11] - The performance of listed companies in the mechanical sector has been stable, with total revenue of 1.8801 trillion yuan, a year-on-year increase of 6.73%, and net profit attributable to shareholders of 127.8 billion yuan, a year-on-year increase of 14.99% [23] - The report highlights significant growth opportunities in the robotics sector, particularly with the upcoming mass production of humanoid robots and the increasing demand for industrial robots driven by aging populations and domestic substitution trends [31][42] Industry Overview - The manufacturing PMI in China has been fluctuating around the threshold, indicating overall weakness, with a PMI of 49.2% in November [20] - Fixed asset investment in the manufacturing sector showed a cumulative year-on-year growth of 2.7% from January to October, reflecting a decline from earlier in the year [22] - The mechanical industry has experienced differentiated performance across various segments, with service robots and shipbuilding showing strong revenue and profit growth [23] Growth Opportunities - The robotics sector is expected to see continued demand growth, with the installation of industrial robots in China projected to grow at a compound annual growth rate (CAGR) of 17.52% from 2015 to 2024, reaching 295,000 units [36] - The PCB equipment market is benefiting from the recovery in consumer electronics and AI development, with global PCB industry output expected to grow by 6.8% in 2025 [54] - The engineering machinery sector is witnessing a rebound in domestic demand, with excavator sales from January to October 2025 reaching 192,135 units, a year-on-year increase of 17.0% [66] Investment Recommendations - For the robotics sector, companies such as Top Group, Sanhua Intelligent Control, and Zhenyu Technology are recommended for investment [3] - In the PCB equipment segment, companies like Dingtai High-Tech and Dazhu CNC are highlighted as potential investment opportunities [3] - The engineering machinery sector suggests focusing on companies like SANY Heavy Industry and XCMG Machinery for investment [3] - In the general equipment category, attention is drawn to companies in the tool and machine tool segments, such as Huari Precision and Neway CNC [3]

Excavator Sales - In November 2025, a total of 20,027 excavators were sold, representing a year-on-year increase of 13.9% [1] - Domestic sales accounted for 9,842 units, with a growth of 9.11%, while exports reached 10,185 units, increasing by 18.8% [1] - 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 were 108,187 units, up by 18.6%, and exports totaled 103,975 units, with a growth of 14.9% [1] - In November, 19 electric excavators were sold across various weight categories [1] Loader Sales - In November 2025, 11,419 loaders were sold, showing a significant year-on-year increase of 32.1% [2] - Domestic sales were 5,671 units, growing by 29.4%, while exports reached 5,748 units, with a growth of 34.8% [2] - For the period from January to November 2025, a total of 115,831 loaders were sold, reflecting a year-on-year increase of 17.2% [2] - Domestic sales for this period were 61,039 units, up by 22.5%, and exports totaled 54,792 units, with an increase of 11.9% [2] - In November, 2,935 electric loaders were sold across various weight categories [2]

2025年11月工程机械主要产品月平均工作时长为84.2小时，同比下降13%，环比增长4.08%。其中：挖 掘机76.5小时；装载机94.4小时；汽车起重机104小时；履带起重机94.2小时；塔式起重机48.9小时；压 路机32.6小时；摊铺机46.1小时；旋挖钻机69.9小时；非公路矿用自卸车162小时；混凝土泵车42.4小 时；混凝土搅拌车63.4小时；叉车108小时。 智通财经APP获悉，12月5日，中国工程机械工业协会发布2025年11月工程机械市场指数快报。据中国 工程机械工业协会统计：2025年11月工程机械主要产品月开工率为56.5%，同比下降12.1个百分点，环 比增长1.5个百分点。其中：挖掘机57%；装载机57.2%；汽车起重机70.8%；履带起重机56.9%；塔式起 重机40.1%；压路机43.2%；摊铺机57.1%；旋挖钻机41.4%；非公路矿用自卸车44.1%；混凝土泵车 38.1%；混凝土搅拌车30.2%；叉车66.3%。 ...

上交所数据显示，1—11月，沪市上市公司已合计实施分红派发总额1.81万亿元，同比增加2%。 其中，193家沪市公司2025年分红落地金额超过10亿元，28家公司年内实际派现金额超100亿元，工商银 行、中国移动、建设银行的派现金额超1000亿元。 增速方面，中远海控、三一重工、宝丰能源等118家公司全年分红金额同比增长超过100%。科创板公司 回报力度增加，164家公司派发现金分红金额同比增长。 截至12月5日，沪市公司已有510家上市公司公布中期（一季报、半年报、三季报）分红方案，共宣告中 期分红计划总额6441亿元，较2024年同期数5828亿元增加11%。其中，中国石油、贵州茅台、伊利股份 等65家公司中期分红金额超10亿元。 510家公司中，有320家系连续两年进行中期分红，占比超六成。玲珑轮胎等7家公司已连续两年的半年 报、三季报均实现分红，如吉比特今年两期分红金额合计超9亿元，超去年中期分红水平。 以11月末的收盘价计算，沪市公司整体股息率为2.25%；28家公司股息率超过2.5%，思维列控、南山铝 业等11家公司股息率超过4%。 沪市已经形成了一大批稳定高分红群体，以近三年数据看，沪市342家 ...

截止本公告日，股东长沙中联和一盛投资合伙企业(有限合伙)已累计质押股份2.88亿股，占其持股总数 的42.14%。本次质押后中联重科十大股东的累计质押股份占持股比例（占持股比例的计算以公司最新一 期财务报表公布的十大股东的持股总数为基准）见下图： 证券之星消息，中联重科（000157）12月5日公开信息显示，股东长沙中联和一盛投资合伙企业(有限合 伙)向国泰海通证券股份有限公司合计质押1.4亿股，占总股本1.62%。质押详情见下表： | 长沙中联和—盛投资合 国泰海通证券 | | 14000.00 1.62% 2025-12-04 20.52% | | --- | --- | --- | | 出质股东 伙企业(有限合伙) | 质权方 股份有限公司 | 质押数量（万股） 占持股比% 占总股本比% 质押开始日 | 中联重科2025年三季报显示，前三季度公司主营收入371.56亿元，同比上升8.06%；归母净利润39.2亿 元，同比上升24.89%；扣非净利润26.44亿元，同比上升20.69%；其中2025年第三季度，公司单季度主 营收入123.01亿元，同比上升24.88%；单季度归母净利润11.56亿元，同比 ...

国内证券市场主要指数表现分化，其中创业板指涨幅最大为1.86%。申万一级行业中，有色金属涨幅最 大为5.35%。 本周结构性行情延续，能源设备、贵金属等板块表现突出。国内经济景气总体平稳，11 月制造业 PMI 小幅回升至 49.2%，产需两端改善、小微企业景气显著回升，高技术制造业持续扩张。政策端，国务院 聚焦新型城镇化与城乡融合，释放内需潜力；证监会明确资本市场改革方向，着力提升制度包容性、吸 引长期资金。国际方面，美国 ADP 就业数据不及预期，市场对美联储 12 月降息预期升温。展望未来， 国内新型城镇化推进与资本市场改革深化将形成合力，为经济和市场提供支撑，高技术制造、新型城镇 相关领域有望受益。美联储降息预期落地或改善全球流动性环境，但需关注内外需修复节奏及国际市场 波动风险。 投资建议 1）科技：发展新质生产力是当前政策对于国内经济方向的重要指引，流动性宽松背景下，科创与创新 类公司有望超额收益。建议关注：人工智能、半导体芯片、机器人、低空经济、深海科技等。2）非银 金融：券商受益于慢牛格局，保险长期资产端将受益于资本回报见底回升。3）有色金属：（1）铜：供 需格局持续偏紧，铜价有望延续上行趋势 ...