WP14H/T-2.0发动机覆盖580Ps～630Ps黄金动力链，2750N.m超强扭矩输出，加速快、爬坡强、效率 高。依托潍柴全球首创53.09%热效率技术，通过燃烧系统精准控制、超低摩擦损失设计、整车与发动 机一体化协同，该产品油耗比同排量产品、竞品低5%以上。 近日，以"为省油而生"为主题的潍柴动力（000338）股份有限公司(以下简称"潍柴")全新一代H/T-2.0高 热效率发动机产品发布会在江苏省南京市举行。该公司同时启动"省油动力潍柴行"全国巡展。 此次潍柴推出12L、14L、15L产品，功率覆盖460Ps～680Ps，以突破性的热效率技术和全方位的性能提 升，为中国物流运输行业带来"省油、省钱、省心、省时"的全新价值体验，开启大马力商用车效率革命 新时代。 WP12H/T-2.0发动机针对复合运输场景开发，创新采用"拓扑优化"结构设计、轻量化材料应用及新工 艺，整机自重较同类产品轻约150kg。产品最大扭矩2400N.m，转速区间下探至950r/min，拥有低速工况 下的超强爆发力，全面提升复杂路况的适应性。同时，该产品通过精准优化燃油系统与空气系统，降低 摩擦损失，产品油耗比同排量产品、竞品低 ...

证券代码：000903 证券简称：云内动力 昆明云内动力股份有限公司投资者关系活动记录表 编号：2025-02 | | ☑特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 □业绩说明会 | | 投资者关系活动 类别 | □新闻发布会 □路演活动 | | | ☑现场参观 | | | □其他（电话会议） | | | 接待对象：民生证券股份有限公司 李佳；远信资本投资管理有限公 | | | 司 万翔；杭州金屿投资管理有限公司 甘洪涛；昌建宏程实业有限公 | | 活动参与人员 | 司 严少峰 | | | 接待人员：董事会秘书翟建峰 | | 时间 | 2025 年 5 月 9 日 (周五) 下午 14:00-17:00 | | 地点 | 公司九楼会议室 | | 形式 | 车间参观、现场交流 | | | 一、公司简介 | | | 昆明云内动力股份有限公司成立于 1999 年，是由云南内燃机厂 | | | 作为独家发起人，以社会募集方式设立的股份制上市公司，于 1999 | | | 年 4 月 15 日在深圳证券交易所上市（股票简称：云内动力，证券代 | | | 码：000903），为昆明市市 ...

| 投资要点 | | --- | 公告要点： 公司公布2025年一季报，25Q1公司实现营收574.6亿元，同环比分别+1.9%/+6.9%，实现归母净 利 润 27.1 亿 元 ， 同 环 比 分 别 +4.3%/-9.7% ， 扣 非 后 归 母 净 利 润 24.8 亿 元 ， 同 环 比 分 别 +5.98%/-11.8%。 凯傲计提支出影响归母净利润4.72亿元： 根据一季报，25Q1凯傲增效计划计提支出14.65亿元，影响归母4.72亿元，加回后25Q1归母31.8 亿元，同环比分别+22.4%/+6.0%。根据凯傲公告，2025年全年增效计划预计计提2.4-2.6亿欧 元。 供应链降本持续释放利润，费用管控得当： 25Q1毛利率22.2%，同环比分别+0.5/-1.9pct，同比增长主因24Q2开始供应链降本效果持续体 现。25Q1公司销售/管理/研发费用率分别 5.6%/7.1%/3.55%，同比分别+0.3/+2.5/-0.2pct，环比 分别-0.6/+2.1/-0.35pct，其中25Q1管理费用40.9亿，同环比分别+56.6%/+50.4%，主因凯傲增效 计划支出影响。25Q1公司财 ...

Financial Data and Key Metrics Changes - Revenues for Q1 2025 were $8.2 billion, a decrease of 3% compared to Q1 2024 [11] - EBITDA was $1.5 billion, or 17.9% of sales, compared to $2.6 billion, or 30.6% of sales a year ago [21] - Gross margin improved to $2.2 billion, or 26.4% of sales, up from $2.1 billion, or 24.5% last year [22] - Net earnings for the quarter were $824 million, or $5.96 per diluted share, compared to $2 billion, or $14.3 per diluted share a year ago [24] Business Line Data and Key Metrics Changes - Engine segment revenues decreased by 5% to $2.8 billion, but EBITDA increased to 16.5% from 14.1% [25] - Components segment revenue decreased by 20%, with EBITDA excluding costs related to the separation of Atmos decreasing to 14.3% from 14.8% [26] - Distribution segment revenues increased by 15% to $2.9 billion, with EBITDA also increasing to 12.9% of sales [26] - Power Systems segment revenues increased by 19% to $1.6 billion, with EBITDA rising from 17.1% to 23.6% of sales [26] - Accelera revenues increased by 11% to $103 million, with an EBITDA loss of $86 million compared to a loss of $101 million a year ago [26] Market Data and Key Metrics Changes - North America revenues decreased by 1% compared to 2024, with heavy-duty truck industry production down 18% [12] - International revenues decreased by 5%, with revenues in China increasing by 9% to $1.8 billion [13] - Industry demand for medium and heavy-duty trucks in China decreased by 4%, while excavator demand increased by 23% [14] Company Strategy and Development Direction - The company is focused on executing its Destination Zero strategy and has introduced new engine platforms to enhance performance and efficiency [7][9] - The acquisition of First Mode aims to advance decarbonization solutions in mining and rail operations [10] - The company is investing over $1 billion in U.S. manufacturing operations to strengthen its position amid tariff uncertainties [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed heightened uncertainty regarding the global economy due to trade tariffs, impacting demand for capital goods [15] - The company is well-positioned to navigate through uncertainty, with a strong financial position and experienced leadership [19] - Future guidance will be reinstated when there is more clarity regarding economic conditions and tariff impacts [28] Other Important Information - The company is actively working on mitigating tariff impacts through inventory strategies and dual sourcing [91] - There is ongoing uncertainty regarding North America emissions regulations for 2027, which could affect product launches and customer contracts [18][46] Q&A Session Summary Question: Can you quantify the gross or net tariff cost impacting your business? - Management stated that it is uncertain to quantify the tariff costs at this time due to the evolving nature of tariffs [35] Question: Which businesses have the most visibility regarding backlog? - Management indicated that the power generation business has a multi-year order board, allowing for reallocation of orders if needed [37] Question: What are the expectations for margins in the Power Systems business moving forward? - Management noted that the strong performance in Q1 was driven by high aftermarket sales, and margins are expected to remain strong if demand trends continue [44] Question: What is the impact of tariffs on financial results in Q1? - Management reported that the impact of tariffs in Q1 was immaterial, but they expect changes in the second half of the year [52] Question: What tariff mitigation actions have been taken? - Management mentioned inventory strategies and dual sourcing as part of their mitigation efforts [91]

Cummins (CMI) Q1 2025 Earnings Call May 05, 2025 10:00 AM ET Company Participants Chris Clulow - Vice President-Investor RelationsJennifer Rumsey - President & Chief Executive OfficerMark Smith - CFO & VPJamie Cook - Managing Director - Equity ResearchAngel Castillo - Executive DirectorDavid Raso - Senior Managing Director & PartnerRob Wertheimer - Director of ResearchJeffrey Kauffman - Partner & Transportation and Logistics Equity Research Conference Call Participants Jerry Revich - AnalystTim Thein - Mana ...

普惠GTF发动机缺陷事件不仅仅是一次简单的产品质量问题，更是引发了整个行业对技术伦理、供应商 责任以及行业发展模式的深刻反思。 航空业作为全球经济的重要组成部分，其安全性、可靠性和技术先进性一直是行业发展的核心。然而， 近年来普惠公司GTF（齿轮传动涡扇）发动机缺陷事件引发了广泛关注。这一事件不仅暴露了航空发动 机制造的技术短板，也凸显了民航业重要供应商的关键地位及对行业的深远影响。 普惠GTF发动机缺陷 普惠公司GTF发动机是新一代高效航空发动机，以优异的燃油效率和环保性能受到市场青睐，主要装备 机型为空客A320NEO系列、空客A220系列（原庞巴迪C系列）和巴航工业E-Jets的E2系列飞机。 截至2025年2月底，全球在役的A320NEO系列飞机（包含A319NEO、A320NEO和A321NEO）为3818 架，按其中45%的飞机选择普惠GTF的PW1100G发动机估算，则有超过1700架A320NEO系列飞机搭载 了GTF发动机。 2023年7月，普惠母公司雷神技术公司宣布，由于用于制造某些GTF发动机零件的粉末冶金材料出现罕 见状况，可能会造成部件加速磨损，导致发动机故障，威胁飞行安全。事件曝光 ...

Core Viewpoint - Analysts project that Cummins (CMI) will report quarterly earnings of $4.82 per share, reflecting a 5.5% decline year over year, with revenues expected to reach $8.07 billion, down 4% from the same quarter last year [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been revised downward by 7.1%, indicating a collective reassessment by covering analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Key Metrics Forecast - Analysts estimate 'Net Sales- Distribution' at $2.66 billion, representing a 5.1% increase year over year [5]. - 'Net Sales- Accelera' is projected to reach $97.47 million, indicating a 4.8% increase from the prior year [5]. - 'Net Sales- Engine- Off-highway' is expected to be $432.45 million, reflecting a 0.8% decline year over year [5]. Additional Sales Estimates - The consensus for 'Net Sales- Engine- Medium-duty truck and bus' is $956.99 million, suggesting a 3.8% decrease year over year [6]. - 'Net Sales- Engine- Light-duty automotive' is forecasted at $425.95 million, indicating a 2.8% decline [6]. - 'Net Sales- Engine- Heavy-duty truck' is expected to be $1.01 billion, reflecting a 4.3% decrease [6]. Power System and Components Sales - Analysts project 'Net Sales- Power System' at $1.50 billion, indicating an 8% increase year over year [7]. - 'Net Sales- Components' is expected to reach $2.85 billion, reflecting a 14.3% decline [7]. - The combined estimate for 'Net Sales- Engine' is $2.74 billion, indicating a 6.3% decrease from the prior year [7]. Automated Transmissions and Power Generation - 'Net Sales- Components- Automated transmissions' is projected at $146.75 million, reflecting an 11.1% decline [8]. - 'Net Sales- Power System- Industrial' is expected to be $428.73 million, indicating a 2.1% increase year over year [8]. - 'Net Sales- Power System- Power generation' is forecasted to reach $960.32 million, reflecting a 12.6% increase year over year [9]. Stock Performance - Cummins shares have returned -7% over the past month, compared to a -0.2% change in the Zacks S&P 500 composite [9].

登录新浪财经APP 搜索【信披】查看更多考评等级 2025年4月28日，昆明云内动力（维权）股份有限公司召开第七届董事会第十次会议及第七届监事会第 七次会议，审议通过《关于2022年限制性股票激励计划首次授予部分第二个解除限售期解除限售条件未 成就暨回购注销部分限制性股票的议案》，该事项已经公司董事会薪酬与考核委员会议审议通过。本次 回购注销尚需提交股东大会审议批准，并按照相关法律法规及公司章程的规定及时公告。 回购注销原因及数量公司层面业绩考核不达标：依据《2022年限制性股票激励计划（草案）》及《2022 年限制性股票激励计划实施考核管理办法》，2022年限制性股票激励计划首次授予部分第二个解除限售 期公司层面业绩考核需满足多项条件，包括以2021年度营业收入为基准的增长要求、2024年度净资产收 益率不低于对标企业50分位值、2024年度总资产周转率不低于0.66次等。若业绩考核目标未达成，所有 激励对象当期限制性股票不可解除限售，由公司按授予价格与回购时公司股票市价（审议回购的董事会 决议公告前1个交易日公司标的股票交易均价）的孰低值回购注销。因公司2024年度净资产收益率未达 规定目标，应对361名 ...

潍柴动力：拟5亿元-10亿元回购公司股份用于注销 智通财经4月29日电，潍柴动力(000338.SZ)公告称，公司拟使用自有资金和自筹资金以集中竞价交易方 式回购公司部分A股股份，回购股份的价格为不超过人民币23.57元/股，预计用于回购的资金总额不低 于人民币5亿元，不超过人民币10亿元。回购期限为自公司股东大会审议通过回购股份方案之日起12个 月内。 ...

一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.0700 | 0.0600 | 16.67 | 0.0700 | | 每股净资产（元） | 0 | 7.31 | -100 | 7.19 | | 每股公积金(元) | 3.94 | 3.94 | 0 | 3.94 | | 每股未分配利润(元) | 1.99 | 1.88 | 5.85 | 1.78 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 12.93 | 12.22 | 5.81 | 16.34 | | 净利润(亿元) | 0.3 | 0.25 | 20 | 0.32 | | 净资产收益率(%) | 0.92 | 0.80 | 15 | 1.03 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 17050.52万股，累计占流通股比： 39.16%，较上期变化： 139.14万 ...