| SUS NAVED | | | 【最好冒能出入口管理设备】 entiace and asit itsinagement equipment | | --- | --- | --- | --- | | 超级屏风道闸 | | | | | D600 | | 横空而降 | 與遺圖系 气势磅礴 | | | | | ※ 双面机箱设计,稳定大气 ※ 独创花艺屏风杆设计,庄严艺术 | | | | | ※ 尾杆構梁高度:1600mm | | | | | ※ 闸肝长度:L≤5.0米(超5米杆需定制) | | 200 = | | | | | 1 | | | | | ■ 规格参数 Specipcation Parameters | | | (单位:mm) | | | 含机箱总长:Lse米 | | | | 650 | 净通道尺寸 | | | | 680 | | | | | 1750 | | | 600 | | ■ 技术参数 Technical Parameters | | | | | 产品型号 | D600 | 产品型号 | D600 | | 机箱外形尺寸 | 680*650*1750 | 输入电压 | AC220V±10%, 5 ...

石油ETF跟踪的是油气产业指数，该指数由中证指数有限公司编制，主要从沪深市场中选取涉及石油与 天然气勘探、开采、加工及相关服务业务的上市公司证券作为指数样本，以反映中国油气行业相关上市 公司证券的整体表现。该指数具备较强的周期性和资源属性特征，能够较好地体现油气产业链企业的市 场走势。 消息面上，2025年7月7日，中科炼化液化烃码头二期项目正式投运，该项目将进一步提升华南地区液化 烃储运能力；同日，石化机械与阿布扎比国家石油公司签署合作备忘录，双方将在油气装备领域深化技 术合作。此外，2025年7月6日，浙江石油35家易捷养车汽服店同步开业，标志着其非油业务向汽车后市 场服务延伸取得新进展。 上海证券指出，传统能源设备行业景气持续，加速出海。美国石油库存处于历史低位，且临近6-9月石 油消费旺季，有望支撑油价上行；地缘政治扰动如美伊核谈判、俄乌冲突、中美关税等因素也对行业产 生影响。中国油气设备公司正加速出海，海外订单贡献盈利。此外，新型能源设备领域可控核聚变资本 开支和景气度上行，商业化渐行渐近。近5年核聚变行业初创企业涌现且投融资活跃，技术进展层出不 穷，国内行业发展进入加速期。2025年以来国内核聚变 ...

和顺电气：与上海京能签订1.95亿元设备采购合同 智通财经7月9日电，和顺电气(300141.SZ)公告称，公司与上海京能领金新能源发展有限公司签订《设 备采购合同》，采购内容为移动电源综合系统，合同设备含税总价为1.95亿元。该合同为公司日常经营 合同，预计将对公司本年度及未来年度经营业绩产生积极影响。 ...

证券研究报告 2025年7月9日 行业：机械 增持 （维持） 主要观点 风险提示：全球和国内经济环境不及预期、产业政策不及预期、市场竞争加剧的风险、原材料价格剧烈波动、技术发展不及预期、国际贸易摩 擦和争端加剧等。 2 价值守正，成长出奇 ——机械行业下半年投资策略 分析师：刘阳东 SAC编号：S0870523070002 分析师：王亚琪 SAC编号：S0870523060007 ◼ 工程机械：行业周期景气复苏，看好内外需共振下企业盈利改善。国内市场，工程机械行业筑底向好趋势有望持续；出口市场，受益于东 南亚、非洲、中东等新兴市场景气持续，工程机械出口规模持续提升，国产厂家全球市占率仍有提升空间。工程机械板块或受益于国内外 需求共振，工程机械企业盈利水平有望持续提升。 ◼ 半导体设备：国产核心设备有望加速验证，自主可控趋势明确。终端需求发展叠加大陆晶圆厂产能扩张，为国内半导体设备产业的扩张和 升级提供机遇，据SEMI预测，2025-2027年中国300mm晶圆厂设备投资预计超过1000亿美元。同时，在半导体产业逆全球化趋势背景下， 国内半导体产业链自主可控势不可挡，随着下游晶圆厂扩产以及国产设备验证进程持续推 ...

Core Viewpoint - Hezhong Electric has experienced a decline in stock price over six consecutive trading days, with a cumulative drop of -5.81% [1] Company Overview - Shenzhen Hezhong Electric Co., Ltd. (stock code: 603063) focuses on the research, production, sales, and service of new energy and electrical transmission products, including wind power generation products, photovoltaic products, energy storage products, hydrogen power products, power quality products, and electrical transmission products [1] - The company possesses complete independent development capabilities and testing platforms for large power electronic devices and monitoring systems [1] Fund Involvement - Two funds under Guotai Fund have entered the top ten shareholders of Hezhong Electric, both of which are new entries in the first quarter of this year. The funds are Guotai Valuation Advantage Mixed (LOF) A and Guotai Ju Xin Value Advantage Mixed A [1] - Guotai Valuation Advantage Mixed (LOF) A has a year-to-date return of 22.39%, ranking 334 out of 4529 in its category, while Guotai Ju Xin Value Advantage Mixed A has a year-to-date return of 11.06%, ranking 398 out of 2301 [1] Fund Manager Profiles - Wang Zhaoxiang, the fund manager for Guotai Valuation Advantage Mixed (LOF) A, has been with Guotai Fund since August 2014 and has held various positions including researcher and assistant fund manager. He has been the fund manager since June 21, 2022 [3][4] - Cheng Zhou, the fund manager for Guotai Ju Xin Value Advantage Mixed A, has extensive experience in the industry, having joined Guotai Fund in April 2004 and held multiple managerial roles in various funds [4] Company Background - Guotai Fund Management Co., Ltd. was established in March 1998, with its chairman being Zhou Xiangyong and general manager being Li Sheng. The company has three shareholders: China Jianyin Investment Co., Ltd. (60%), Assicurazioni Generali S.p.A. (30%), and State Grid Yingda International Holdings Group Co., Ltd. (10%) [5]

Investment Rating - The report maintains a "Buy" rating for the mechanical industry [1] Core Insights - The mechanical industry is experiencing significant advancements, particularly in humanoid robots and automation technologies, with major companies launching mass production of innovative products [3][4][6] - The humanoid robot sector is expected to see a breakthrough in 2025, with mass production levels reaching thousands of units, which will enhance data collection and training capabilities [6] - The agricultural machinery market is facing challenges, but long-term demand is anticipated to rise due to policy support and export opportunities [9] - The engineering machinery sector is currently under pressure domestically but is witnessing growth in exports, with a positive outlook for infrastructure investments [13] - The low-altitude economy is gaining traction, with government support and increasing applications in tourism and logistics [24] Summary by Relevant Sections Humanoid Robots - On June 30, Junpu Intelligent's subsidiary launched mass production of humanoid robots, marking a significant milestone in the industry [3] - The Sichuan provincial government is promoting the development of humanoid robots and related AI products [3] - The humanoid robot industry is expected to see substantial growth, with a focus on complex functionalities and cost reduction in production [6] Agricultural Machinery - The agricultural machinery market's sentiment index is at 40.9%, indicating a downturn [8] - Despite current challenges, tractor exports have increased by 12.6% in quantity and 31.2% in value from January to May 2025 [9] Engineering Machinery - In May 2025, excavator sales reached 18,202 units, with domestic sales declining by 1.5% but exports increasing by 5.4% [13] - The engineering machinery sector is expected to recover as infrastructure investments rise [13] Low-altitude Economy - The low-altitude economy is being actively developed, with initiatives in low-altitude tourism and support for eVTOL aircraft [24][22] - The government is encouraging the application of low-altitude equipment and services across various sectors [22]

一、本次增资及购置土地及厂房的概述 证券代码：603270 证券简称：金帝股份 公告编号：2025-046 山东金帝精密机械科技股份有限公司 关于使用部分超募资金向子公司增资并购置土地及 厂房的进展公告 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，并对其内容的真实性、准确性和完整性承担法律责任。 山东金帝精密机械科技股份有限公司（以下简称"公司"）于 2025 年 5 月 了《关于使用部分超募资金向子公司增资并购置土地及厂房的议案》，同意公司 拟使用不超过 12,000 万元（其中使用全部剩余超募资金约 9,726 万元（含专户 现金管理收益及利息等），剩余部分以自有资金补足）通过全资子公司海南金海 慧投资有限公司（以下简称"金海慧"）对金源（山东）新能源科技发展有限公 司（以下简称"金源科技"）增资，增资资金全部计入注册资本。增资完成后， 金源科技使用上述资金及自有资金参与竞拍金源科技经营所租赁使用的土地、 厂房及支付相关税费等（包含依据该项资产的拍卖公告支付竞买保证金）。本次 对外投资事项、使用部分超募资金购置土地及厂房事项在公司董事会审批权限 范围内，无需提交公司股 ...

Core Points - Tianjin Ente Energy Technology Co., Ltd. has launched the "Blade" series all-silicon carbide inverters, which significantly enhance energy efficiency and adaptability in energy storage stations, achieving a 50% reduction in energy loss, a 66.67% weight reduction, and a 600% increase in power density [1] - The Tianjin innovation-driven development strategy is supported by the establishment of science and technology parks, which serve as vital platforms for fostering innovation and collaboration between research institutions and technology enterprises [1][2] - In 2024, Tianjin's R&D investment intensity reached 3.58%, placing it among the top cities globally in the "Nature Index - Research Cities" ranking [1] - The Tianjin government is actively promoting the integration of technology and industry, with a focus on enhancing the innovation ecosystem and facilitating the commercialization of scientific research [2][3] - The Tianjin Technology University has established a company leveraging intellectual property rights, demonstrating the successful collaboration between academia and industry [2] - The Tianjin technology contract transaction volume exceeded 200 billion yuan, marking a growth of over 10% year-on-year [2] - The Baodi District's Jing-Jin-Zhun Technology City is fostering a collaborative industrial ecosystem, facilitating the transfer of innovative results from Beijing [3] - In 2024, the technology contract transaction volume between Tianjin and the Beijing-Tianjin-Hebei region increased by over 35% [3] - Tianjin's government is committed to optimizing policies and services to accelerate the transformation of scientific achievements and enhance industrial quality [4]

上周，以色列与伊朗达成停火协议后，原油价格暴跌逾 10 美元。周五，有报道称石油输出国组织及其 合作伙伴（OPEC+）将增加供应，油价随之震荡，目前仍远低于近期约 81 美元的峰值。 空头头寸指预期资产价格会下跌，而多头头寸则预期资产价格会上涨。 报告中的数据显示，尽管许多对冲基金增加了对能源公司的空头押注，但从整体来看，投机者在全球能 源股上的总持仓仍以多头为主。 高盛表示，对冲基金的总杠杆率（衡量对冲基金持仓规模的指标）仍处于五年高位。 路透社周一看到的一份高盛报告显示，由于中东紧张局势缓解导致油价下跌，对冲基金上周以 2024 年 9 月以来最快的速度抛售能源股，这一抛售速度在过去 10 年中也位居第二。 高盛的报告称，从 6 月 23 日开始，对冲基金在所有主要地区都抛售了能源相关企业的股票。 这份于周五发送给客户的报告指出，上周该板块的抛售规模是近一年来最大的，在过去十年中也排名第 二。 被抛售的股票包括石油、天然气和石油消费品公司，以及能源设备与服务公司的股票。 报告称，对冲基金的抛售涉及所有地区，但主要集中在北美和欧洲。高盛表示，在欧洲，对冲基金增加 了空头头寸，并放弃了多头头寸。 报告还提到， ...

2025 年 6 月 30 日 行业研究 马斯克肯定 Optimus V3 表现，工程机械内需边际回落 ——机械行业周报 2025 年第 26 周（2025.6.23-2025.6.29） 机械行业 买入（维持） 作者 分析师：黄帅斌 执业证书编号：S0930520080005 0755-23915357 huangshuaibin@ebscn.com 分析师：陈佳宁 执业证书编号：S0930512120001 021-52523851 chenjianing@ebscn.com 分析师：汲萌 执业证书编号：S0930524010002 021-52523859 jimeng@ebscn.com 分析师：李佳琦 执业证书编号：S0930524070006 021-52523836 lijiaqi@ebscn.com 要点 重点子行业观点 人形机器人： 6 月 23 日，由央视报道北京通用人工智能研究院、北京大学等单位组成的联合科研 团队，研发出全球首个兼具全手高分辨率触觉感知和完整运动能力的机器人仿生灵 巧手（F—TAC Hand），该灵巧手手掌表面 70%区域都覆盖着高分辨率触觉传感器， 空间分辨率可以达到 ...