格隆汇9月24日丨柳工(000528.SZ)公布，收到控股股东广西柳工集团有限公司（简称"柳工集团"）出具 的《关于持股比例变动触及1%整数倍暨增持股份计划进展的告知函》：截至2025年9月23日，柳工集团 已累计增持公司股份2,274.97万股，约占公司当前总股本的1.12%，增持金额为24,862.31万元（不含交 易费用）。本次增持后，柳工集团合计持有公司528,503,232股，约占公司当前总股本的26.02%，持股 比例变动触及1%整数倍情形。 ...

Market Performance - The engineering machinery sector increased by 1.46% on September 24, with Zhongli Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Individual Stock Performance - Zhongli Co., Ltd. (603194) closed at 46.10, up 4.80% with a trading volume of 106,100 shares and a turnover of 482 million yuan [1] - Shantui Co., Ltd. (000680) closed at 10.31, up 4.78% with a trading volume of 697,400 shares and a turnover of 713 million yuan [1] - Hangcha Group (603298) closed at 29.61, up 4.08% with a trading volume of 159,900 shares and a turnover of 472 million yuan [1] - Anhui Heli (600761) closed at 22.64, up 2.91% with a trading volume of 168,500 shares and a turnover of 377 million yuan [1] - Yizhong Heavy Industry (600031) closed at 22.25, up 2.87% with a trading volume of 967,400 shares and a turnover of 2.133 billion yuan [1] Capital Flow Analysis - The engineering machinery sector saw a net inflow of 10.48 million yuan from institutional investors, while retail investors contributed a net inflow of 82.71 million yuan [2] - The sector experienced a net outflow of 93.19 million yuan from speculative funds [2] Stock-Specific Capital Flow - Yizhong Heavy Industry (600031) had a net inflow of 36.5 million yuan from institutional investors, but a net outflow of 10 million yuan from speculative funds [3] - Zhongli Co., Ltd. (603194) saw a net inflow of 55.55 million yuan from institutional investors, while retail investors had a net outflow of 57.80 million yuan [3] - Hangcha Group (603298) experienced a net inflow of 32.24 million yuan from institutional investors, with a net outflow of 7.20 million yuan from retail investors [3]

Core Viewpoint - The 17th China (Beijing) International Engineering Machinery, Building Materials Machinery and Mining Machinery Exhibition and Technical Exchange Conference (BICES2025) showcased Weichai Power's advancements in multi-fuel mining power solutions, including the debut of the new 12M25 mining power product [1][2]. Group 1: Product Launch and Features - Weichai Power introduced the 12M25 diesel engine, featuring a maximum power of 1224Ps and a maximum torque of 5116N.m, suitable for 90-100 ton mechanical transmission mining trucks and 165-ton excavators [2]. - The M series product line now covers a power range from 522kW to 2800kW, catering to various large mining equipment needs [2]. - The launch of the 12M25 signifies a step towards meeting customer demands for efficient operations and enhancing the performance of domestic mining power solutions [2]. Group 2: Innovation and Industry Impact - Weichai has transitioned from "self-controllable" to "leading beyond," contributing significantly to the independence of mining equipment and enhancing national industrial security [3]. - The company has established itself as a benchmark for Chinese innovation in the global power sector, supporting industry transformation and upgrades [3]. Group 3: Low-Carbon Solutions - Weichai showcased a range of low-carbon mining power products, including non-road pure electric power batteries and methanol and gas engines [4]. - The CTB battery, designed for pure electric mining trucks, offers battery capacities ranging from 300kWh to 1200kWh, simplifying assembly and reducing design costs [4]. Group 4: Electric Mining Trends - The global mining industry is accelerating its transition to electrification, and Weichai is capitalizing on this trend by developing a comprehensive range of mining power batteries [5]. - Weichai's electric mining trucks have accumulated over 1 million operating hours, achieving a 66% reduction in operational costs for customers [5]. - The company aims to continue advancing in high-end, green, intelligent, and autonomous directions to contribute to national energy security and the high-quality development of the mining industry [5].

格隆汇9月24日丨达刚控股(300103.SZ)在互动平台表示，公司高端路面装备研制板块涵盖了从沥青加 热、存储、运输与深加工设备到道路施工与养护专用车辆、专用设备及沥青拌和站等沥青路面筑养护系 列产品的研制、生产、销售、租赁及技术服务。《农村公路条例》的制定与颁布，对推动农村公路高质 量发展具有积极的促进作用。公司的筑养路机械产品既可用于高速公路的修建与养护，也可用于一般等 级道路的修建与养护，公司高度关注该条例的实施对公路基础建设市场的影响和商机。 ...

针对矿场工作面多变、道路多变的情况，徐工在能源补给方式上采取纯电动换电机制，探索形成了快速 换电方案，换电成功率已从60%提升到了95%以上。此外，徐工纯电动无人驾驶矿用自卸车已达到L4级 自动化驾驶水平，综合运行效率是人工驾驶的1.2倍，经专家进行技术成果鉴定，已达到国际领先水 平。 "目前，徐工矿机已经将ESG作为我们的必答题，将环境、社会和公司治理三大核心指标作为可持续发 展的重要标准；同时聚焦'双碳'服务国家能源安全战略，坚守以人为本，坚守长期主义，持续打造可持 续发展的内生力和影响力。" 9月23日，由《中国经营报》主办的"绿色引领重塑未来——2025中国企业可持续发展行动大会"在北京 市举行。徐工矿业机械研究院副院长胡德平在《矿山未来零碳先行》主题演讲中分享了徐工集团及旗下 徐工矿机践行绿色低碳发展战略、实现可持续发展的经验做法。 "目前，智能化、绿色化已经成为徐工集团的重要发展战略。在这样的战略引领下，徐工已经做了多方 面的前瞻布局。"胡德平表示，徐工百台纯电动无人驾驶矿用自卸车已在内蒙古伊敏露天矿实现规模化 运行，交出了一份"零碳矿山"的徐工答卷。 在胡德平看来，节能降耗一直是矿山企业非常关注 ...

中新网北京9月24日电 (记者 胡默达)第十七届中国(北京)国际工程机械、建材机械及矿山机械展览会 (BICES2025)23日在中国国际展览中心顺义馆启幕，一众高端化、智慧化、绿色化新产品及配套服务亮 相，展示出中国工程机械市场向高、向智、向绿发展的趋势。 第十七届中国(北京)国际工程机械、建材机械及矿山机械展览会(BICES2025)23日启幕。图为民众在徐 工集团展台内参观动力、电控等核心配套件。 中新社记者 胡默达 摄 "今年是卡特彼勒进入中国50周年。50年来，中国始终是卡特彼勒全球市场的最重要组成部分之一。未 来，我们将继续深耕中国市场。"卡特彼勒公司全球高级副总裁杨程建说，面对新需求，该企业根据中 国客户的反馈，新设计推出Cat3101百吨级超大型液压挖掘机，在节约能耗的同时，专为大方量煤矿工 程制造，海拔高度4500米时依然能保持满功率输出作业。 国内参展商方面，三一集团展出SW956E系列无人智能驾驶与远程遥控产品，徐工集团推出全系列新能 源主机产品。两家国内头部企业均着眼于构建覆盖全产业链条的完整技术生态，为多场景作业提供一站 式解决方案。三一集团大客户经理刘亚飞说，以人工智能为引领的数字 ...

安徽合力方面表示："在不影响公司正常经营和募集资金使用进度的前提下，公司使用部分暂时闲置募 集资金进行现金管理，不影响募集资金投资项目建设和募集资金使用，不存在变向改变募集资金用途的 行为。同时，能够提高公司闲置募集资金使用效率，获得一定的投资收益。" 据了解，安徽合力购买上述理财产品，进行现金管理的资金来源为"部分暂时闲置募集资金"。 根据安徽合力此前公告，2022年12月19日，公司通过公开发行可转换公司债券方式募集资金20.43亿 元。今年1月17日，公司董事会审议通过相关议案，拟使用部分暂时闲置募集资金进行现金管理，总额 不超过7.5亿元。 中国经济网北京9月24日讯《中国经营报》近日发布题为《募资20亿元拟拿出7.5亿元理财，安徽合力 （600761）募投项目进展受关注》的文章。 文章指出，9月16日，安徽合力(600761.SH)发布《关于使用部分暂时闲置募集资金进行现金管理的进展 公告》称，3月13日，其认购了兴业银行企业金融人民币结构性存款，认购金额6000万元。9月15日，上 述结构性存款产品到期赎回，公司收回本金6000万元，获得收益72.99万元。 在此情形下，安徽合力在9月16日再度认 ...

国泰君安高端装备混合发起A（017933）基金经理为李煜。 数据显示，国泰海通资管旗下1只基金重仓山推股份。国泰君安高端装备混合发起A（017933）二季度 持有股数6.58万股，占基金净值比例为4.7%，位居第五大重仓股。根据测算，今日浮盈赚取约3.29万 元。 国泰君安高端装备混合发起A（017933）成立日期2023年3月1日，最新规模807.71万。今年以来收益 15.17%，同类排名4997/8173；近一年收益23.36%，同类排名5629/7996；成立以来亏损4.1%。 9月24日，山推股份涨5.08%，截至发稿，报10.34元/股，成交5.83亿元，换手率4.35%，总市值155.11亿 元。 资料显示，山推工程机械股份有限公司位于山东省济宁市高新区327国道58号,香港铜锣湾勿地臣街1号 时代广场2座31楼，成立日期1993年12月14日，上市日期1997年1月22日，公司主营业务涉及建筑工程机 械、矿山机械、农田基本建设机械、收获机械及配件的研究、开发、制造、销售、租赁、维修及技术咨 询服务。主营业务收入构成为：工程机械主机产品73.25%，工程机械配件及其他19.45%，其他(补 充) ...

Company Overview - Shantui Construction Machinery Co., Ltd. is located in Jining, Shandong Province, and was established on December 14, 1993, with its listing date on January 22, 1997. The company specializes in the research, development, manufacturing, sales, leasing, maintenance, and technical consulting services of construction machinery, mining machinery, agricultural machinery, harvesting machinery, and their parts [1]. Financial Performance - As of September 24, Shantui's stock price increased by 5.08%, reaching 10.34 CNY per share, with a trading volume of 583 million CNY and a turnover rate of 4.35%. The total market capitalization stands at 15.511 billion CNY [1]. - The main revenue composition of Shantui includes 73.25% from construction machinery main products, 19.45% from construction machinery parts and others, and 7.31% from other supplementary sources [1]. Fund Holdings - According to data, one fund under E Fund has a significant holding in Shantui. The E Fund New Silk Road Mixed Fund (001373) held 6.5969 million shares in the second quarter, accounting for 2.12% of the fund's net value, making it the ninth largest holding. The estimated floating profit for today is approximately 3.2985 million CNY [2]. - The E Fund New Silk Road Mixed Fund was established on May 27, 2015, with a current scale of 2.787 billion CNY. Year-to-date returns are 21.42%, ranking 4102 out of 8173 in its category; the one-year return is 35.67%, ranking 4502 out of 7996; and since inception, the return is 106.9% [2].

Group 1 - The report summarizes key insights from the macro strategy team regarding the manufacturing sector, focusing on cyclical reversals, growth opportunities, military trade expansion, and overseas development [1] - The core investment targets identified include companies such as Yokogawa Precision, Zhejiang Rongtai, Shanghai Yanpu, and Sany Heavy Industry, among others [2][3] - The report highlights the strong investment value of leading companies in the engineering machinery sector and notes the significant valuation of the humanoid robot startup Figure at $39 billion [4] Group 2 - The performance of various sectors in the manufacturing industry is tracked, with coal, electric equipment, electronics, and automotive sectors showing positive growth rates of 4% to 3% [5][27] - The industrial gas sector led the manufacturing indices with a 9% increase, followed by the Yangtze Engineering Machinery Index at 6% and the National New Energy Vehicle Index at 4% [5][29] - The report emphasizes the growth potential in the domestic chip market, particularly in FPGA technology, with a projected market size increase from $2.5 billion in 2024 to $4.7 billion by 2030, reflecting a CAGR of 11% [10] Group 3 - The report discusses the strategic partnership between Aolide and BOE Technology Group, which aims to enhance growth in the AMOLED sector through collaboration on equipment and materials [12][13] - Aolide's revenue for the first half of 2025 reached 6.61 billion yuan, marking a 14.92% year-on-year increase, with a significant rise in net profit attributed to improved operational cash flow [12][16] - The solid-state battery equipment sector is highlighted as a new growth area, with the market expected to grow from 2.06 billion yuan in 2025 to 33.62 billion yuan by 2030, indicating a CAGR of 74.8% [14] Group 4 - The report identifies the cooling and air conditioning components business as a key revenue driver, with a 25.49% year-on-year increase in revenue for the first half of 2025, driven by global climate demands [15][16] - The automotive components business also showed growth, with revenue increasing by 8.83% in the same period, supported by a diversified customer base including major automotive manufacturers [16] - The report notes the strategic focus on liquid cooling and robotics as emerging growth areas, with significant potential in data center applications and robotic actuator manufacturing [16][17] Group 5 - The report highlights the potential of the deep-sea technology sector, particularly in floating wind power, with a projected market growth rate of 70% CAGR from 2024 to 2030 [17][18] - The company is positioned to benefit from the increasing demand for mooring chains in the offshore oil and gas sector, with a strong order intake in 2025 [17][20] - The report emphasizes the importance of government policies in promoting deep-sea technology, which is expected to drive growth in the sector [18][20]