证券时报•数据宝统计，津上机床中国在港交所公告显示，12月12日以每股34.160港元至34.480港元的价 格回购10.00万股，回购金额达344.05万港元。该股当日收盘价34.460港元，上涨5.38%，全天成交额 4623.67万港元。 今年以来该股累计进行65次回购，合计回购934.50万股，累计回购金额2.30亿港元。（数据宝） 津上机床中国回购明细 | 日期 | 回购股数 | 回购最高价 | 回购最低价 | 回购金额 | | --- | --- | --- | --- | --- | | | （万股） | （港元） | （港元） | （万港元） | | 2025.12.12 | 10.00 | 34.480 | 34.160 | 344.05 | | 2025.12.05 | 3.30 | 33.700 | 33.620 | 111.13 | | 2025.12.04 | 5.00 | 33.120 | 32.820 | 164.58 | | 2025.12.03 | 10.00 | 32.140 | 31.900 | 320.74 | | 2025.12.02 | 15.00 | 32.080 ...

智通财经APP讯，津上机床中国(01651)发布公告，于2025年12月12日，该公司斥资344.05万港元回购10 万股股份，每股回购价格为34.16-34.48港元。 ...

东方证券表示，当前国内高端数控机床投资机会大，在产业链自主可控的政策导向下，我们认为替代有 望在十五五期间加速推进，为龙头公司带来收入和盈利弹性。 （文章来源：每日经济新闻） 数据显示，从渗透率来看，2024年我国高端机床渗透率为9.2%，美日已超过50%，渗透率的提升将拉动 市场规模增长。从国产化进程看，中低档数控机床已实现较高的替代，国产化率分别为65%和82%。而 高端数控机床的国产化率仅为6%。根据ifind，我国进口机床均价远高于出口机床均价，海外品牌在高 端机床领域仍有较高的技术优势和品牌优势。 12月12日下午，A股三大指数集体上涨，上证指数盘中上涨0.06%，电子、通信、电力设备等板块涨幅 靠前，商贸零售、综合跌幅居前。机床板块走强，截至13点10分，机床ETF（159663.SZ）上涨0.27%， 其成分股豪迈科技上涨5.70%，合锻智能上涨4.86%，华明装备上涨2.24%，厦门钨业上涨2.20%，泰嘉 股份上涨1.63%。 ...

Group 1: Engineering Machinery - Domestic demand for excavators is expected to recover to around 120,000 units in 2025, with a year-on-year increase of 19.6% in the first ten months of 2025 [1][15] - The export of excavators reached 93,800 units in the first ten months of 2025, showing a year-on-year increase of 14.4%, with an expected annual growth rate of around 15% [1][29] - The recovery in domestic demand is primarily driven by small excavators, reflecting increased demand for machinery in rural and small-scale water conservancy projects [15][20] Group 2: Shipbuilding and Offshore Engineering - The global shipbuilding industry saw a decline in new orders, with a total of 9,483.31 million deadweight tons in the first ten months of 2025, down 44.67% year-on-year [2] - The shipbuilding price index has shown a general decline, but there is a recovery in orders for bulk carriers and oil tankers in October 2025 [2] - The upcoming replacement cycle in shipbuilding, combined with tightening global environmental policies, is expected to drive a new round of demand growth [2] Group 3: Cyclical Industries - The cyclical sector is showing signs of recovery in 2025, supported by low baselines and the expansion into new industries [3] - The industrial control market is rebounding, with a notable increase in the OEM market, while project-based markets are showing weaker performance [3] - The industrial robot market is expected to grow by over 10% year-on-year in 2025, indicating a sustained recovery [3] Group 4: AI and Robotics - The AI sector is driving significant changes in various industries, with a focus on humanoid robots, data center equipment, and vertical applications [4] - The demand for data center backup power sources is increasing due to global capacity shortages, with domestic alternatives expected to accelerate [4] - The introduction of humanoid robots is becoming a reality, with significant production plans announced by companies like Tesla for 2026 [4] Group 5: Investment Recommendations - The report recommends focusing on the engineering machinery sector, particularly companies like SANY Heavy Industry, XCMG, and LiuGong, which are expected to benefit from domestic and international demand [5][9] - In the shipbuilding and offshore engineering sector, China International Marine Containers (CIMC) is highlighted as a potential beneficiary of the recovery [5][9] - The AI and robotics sector presents investment opportunities in companies like Weichuang Electric and Jack Technology, which are positioned to benefit from the ongoing industrial transformation [5][9]

Group 1 - The A-share market experienced a collective decline on December 10, with the Shanghai Composite Index dropping by 0.64% during the session [1] - Retail, forestry, and construction machinery sectors showed positive performance, while computer hardware and banking sectors faced significant declines [1] - The machine tool sector exhibited mixed performance, with the Machine Tool ETF (159663) down by 0.27%, while individual stocks like Haomai Technology and Huagong Technology saw increases of 3.33% and 2.54% respectively [1] Group 2 - The U.S. Department of Commerce has been actively meeting with CEOs in the robotics industry to support its accelerated development [3] - The Trump administration is considering issuing an executive order next year, emphasizing the importance of robotics and advanced manufacturing for bringing critical production back to the U.S. [3] - Guosen Securities expresses optimism about the long-term investment opportunities in humanoid robots, highlighting the importance of value and positioning in the market [3] - The Machine Tool ETF (159663) closely tracks the China Machine Tool Index, which is crucial in the high-end equipment manufacturing sector, including laser equipment, machine tools, robots, and industrial control equipment [3]

Group 1 - The core point of the article is that Shenyang Machine Tool (SZ 000410) held its 32nd meeting of the 10th board of directors on December 9, 2025, to discuss a land and housing lease agreement with Shenyang Machine Company [1] - For the first half of 2025, Shenyang Machine Tool's revenue composition was 99.3% from the main machine tool business and 0.7% from machine tool accessories [1] - As of the report date, Shenyang Machine Tool has a market capitalization of 19.4 billion yuan [1]

Group 1 - The A-share market showed mixed performance on December 9, with the Shanghai Composite Index down by 0.13%, while sectors such as office supplies, electronic components, and communication equipment saw gains [1] - The machine tool sector remained active, with the Machine Tool ETF (159663) rising by 0.20%. Notable individual stock performances included Ding Tai Gao Ke up by 5.35%, Xin Jie Electric up by 5.10%, and Hao Mai Technology up by 4.08% [1] Group 2 - In 2023, China's industrial robot production and sales maintained rapid growth, with cumulative production reaching 602,700 units, a year-on-year increase of 28.80%, and cumulative sales at 652,700 units, up by 42.51%, surpassing last year's total [3] - Jiang Hai Securities forecasts that domestic companies will benefit from the industry's sustained growth due to factors such as global economic recovery and increasing demand for high-precision, intelligent, and flexible production equipment [3] - The Machine Tool ETF (159663) closely tracks the China Machine Tool Index, which encompasses key areas of high-end equipment manufacturing, including laser equipment, machine tools, robots, and industrial control equipment [3]

工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从沪深市场中选取50只涉及机床整 机制造及关键零部件供应的上市公司证券作为指数样本，覆盖机械设备、电子、新能源、机器人等多个 制造业领域，以反映机床产业链相关上市公司证券的整体表现与发展态势。 （文章来源：每日经济新闻） 相关机构表示，人形机器人是AI技术落地的最佳载体，有望成为中美竞争的下一个主要赛道。国内方 面，政策红利密集释放，新产品与新技术百花齐放，资本运作不断加速。2025年上半年我国具身智能领 域融资事件达144起，总金额突破195亿元，远超去年同期水平。多家大厂已通过自研、投资或生态合作 方式布局人形机器人产业。 ...

Group 1: Global Governance and Economic Shifts - The current global governance structure is undergoing significant changes, with emerging economies, represented by BRICS, rapidly rising while developed economies resist relinquishing their central positions [2][3] - Russia's Finance Minister Siluanov emphasized that the traditional "developed-developing" binary classification is weakening, and emerging economies are gaining momentum, advocating for their increased representation in international institutions [2][4] - The forum discussed the role of Russia in the new global governance order, aligning with China's global governance initiatives, highlighting the importance of equitable global governance and the active participation of Global South countries [3][4] Group 2: Economic Transformation and New Financial Mechanisms - The world economy is in a profound transitional phase, with new financial mechanisms emerging to replace traditional systems like SWIFT, driven by the weaponization of existing financial tools [5][6] - The focus of discussions included addressing climate crises, debt issues, energy transitions, and ensuring food security, reflecting both traditional concerns and new challenges in global governance [5][6] - A new form of globalization characterized by regional integration and cooperation among friendly nations is replacing the previous model of comprehensive globalization, as trade disputes and tariff barriers rise [6][7] Group 3: Technological Transformation and AI Development - Russia recognizes the need for economic transformation beyond fossil fuels, emphasizing the importance of technology as a key driver for future economic growth [7][8] - The competition in economic development is increasingly centered around the application and advancement of artificial intelligence, with a focus on achieving technological sovereignty [7][8] - The Russian government plans to shift its budget priorities towards supporting key technology sectors, including microelectronics and robotics, to enhance its technological capabilities [8]

平安证券指出，2025年以来机械设备行业出口呈现较强韧性，机械及运输设备中的动力机械及设 备、特种工业专用机械、金工机械等细分领域对中国出口增速的带动达0.75个百分点，较2024年提升 0.29个百分点。海外AI投资及上游电力环节投资对机械设备出口形成拉动，叠加化工品等中间品需求向 好，行业出口竞争力持续显现。展望2026年，尽管全球出口扩张势头可能略有放缓，但中国出口份额有 望延续升势，预计机械设备出口将维持4-5%的增速区间。国内方面，"十五五"规划开局之年新一批重 大项目推进，叠加设备更新政策续力支持，制造业投资具备筑底基础，工业用地成交面积等领先指标显 示行业需求有望在下半年触底回升。 工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从沪深市场中选取50只涉及机 床整机、数控系统及关键零部件的上市公司证券作为指数样本，覆盖机械设备、电子、新能源、机器人 等多个行业。该指数主要反映中国机床及相关产业链的整体表现，具有较高的行业集中度和代表性。 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不 预示未来表现。市场观点随市场环境变化而变动，不 ...