INDIANAPOLIS, Sept. 05, 2025 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the third fiscal quarter ended July 31, 2025. Hurco recorded a net loss of $3,693,000, or $0.58 per diluted share, for the third quarter of fiscal year 2025, compared to a net loss of $9,596,000, or $1.47 per diluted share, for the corresponding period in fiscal year 2024. These net losses for the third quarter of fiscal years 2025 and 2024 included non-cash tax valuation allowances of $1,639,000 ...

科德数控(688305)8月21日晚披露2025年半年度报告，报告期内，公司实现营业收入2.95亿元，同比增长 15.24%；实现归属于上市公司股东的净利润4905.64万元，同比增长1.27%；归属于上市公司股东的扣除 非经常性损益的净利润3606.1万元，同比减少7.43%；基本每股收益0.46元。 截至报告期末，公司系列化五轴联动数控机床产品已在航天科工、航天科技（000901）、中航工业、航 发集团四大集团项下近50家用户单位广泛应用，产品涵盖柔性自动化生产线、六轴五联动叶盘加工中 心、五轴立式加工中心、五轴卧式加工中心、五轴卧式车铣复合加工中心、五轴龙门加工中心、五轴工 具磨削中心以及高速叶尖磨削中心。 据科德数控2025年半年报，报告期内，公司流量型产品五轴立式加工中心新签订单占比超过50%，新主 力军五轴卧式加工中心、五轴卧式车铣复合加工中心新签订单占比约30%，六轴五联动叶盘加工中心新 签订单占比近10%。公司流量产品获新老客户青睐。 新品六轴五联动叶盘加工中心KTBM1200、五轴车铣复合加工中心KMU180T首次签单，德创系列新品 高精密五轴立式加工中心DMC55系列产品获民营客户持续青睐 ...

国泰海通指出，英伟达开源Cosmos Reason模型推动具身智能向复杂任务推理迈进，机械臂已可自 主完成"面包+烤面包机"场景任务，该模型被Uber、麦格纳等导入自动驾驶标注、即时配送场景。智元 机器人推出业内首个机器人世界模型开源平台Genie Envisioner，依托3000小时真机交互视频建立语言指 令到视觉空间的直接映射，可流畅完成倒茶、擦桌等复杂任务。首届世界人形机器人运动会成功举办， 覆盖从基础运动能力到复杂环境适应的完整能力图谱，显示行业技术进步显著。 工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从A股市场中选取涉及数控机 床、精密加工设备等业务的上市公司证券作为指数样本，以反映机床产业相关上市公司证券的整体表 现。中证机床指数覆盖了机床行业多个子领域，旨在体现行业内优质企业的综合发展态势，兼具行业代 表性和成长性特征。 没有股票账户的投资者可关注国泰中证机床ETF发起联接A（017471），国泰中证机床ETF发起联 接C（017472）。 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 ...

Summary of Key Points from the Conference Call Industry Overview - The conference call primarily discusses the **China Industrial Indicators**, focusing on the manufacturing sector and related industries such as machine tools and industrial robots [1][3][38]. Core Insights and Arguments - **Manufacturing Fixed Asset Investment (FAI)**: - Manufacturing FAI decreased by **-0.2% year-over-year (yoy)** in July, a significant drop from **+5.6% yoy** in June, largely due to declines in energy, chemical, and basic material investments [3][49]. - The **July manufacturing PMI** was reported at **49.3**, slightly down from **49.7** in June, indicating a contraction in manufacturing activity [45][52]. - **Machine Tool Production**: - Machine tool production volumes increased by **+20% yoy** in July, with a month-over-month (mom) change of **+0%**, contrasting with a historical seasonal decline of **-8% mom** [1][38]. - Exports of machine tools showed a mixed performance, with export value at **+18% yoy** but volume down **-8% yoy** in June [32]. - **Industrial Robots**: - Production of industrial robots rose by **+24% yoy** in June, although it experienced a **-15% mom** decline [40]. - **Order Trends**: - Among 32 covered companies, order trends were stable but varied significantly; six companies saw improvements while six experienced growth moderation, particularly in battery and electronics sectors [3][8]. - Notable performers included **Inovance**, which reported a **+20% yoy** increase in July orders, attributed to company-specific factors rather than market-wide demand [3][19]. - **Sector Preferences**: - The report suggests a preference for a **Defensive + AI** investment strategy amid slowing manufacturing capital expenditures, recommending stocks like **Nari Tech**, **AVIC Jonhon**, and **CRRC H** for defensive plays, while highlighting **Sanhua H/A** and **Kstar** in the humanoid robot and AIDC sectors [3][7]. Additional Important Insights - **Capex Financing**: - Capex financing saw a dramatic decline of **-96% yoy** and **-99% mom** in July, contrasting sharply with a **+2% yoy** increase in June [61]. - **Profitability Metrics**: - The profit before tax (PBT) margin for industrial enterprises with revenue over **Rmb20 million** was **5.5%** in Q2 2025, slightly down from **5.6%** in Q1 2025 [68]. - Return on equity (ROE) improved to **8.7%** in Q2 2025 from **8.4%** in Q1 2025 [70]. - **Electricity and Production Trends**: - Electricity generation increased by **+4.9% yoy** in July, while steel production decreased by **-1.4% yoy** [78][81]. - Cement production also saw a decline of **-5.6% yoy** in July [85]. - **Consumer Trends**: - Passenger vehicle retail sales and production increased by **+6%** and **+12% yoy**, respectively, indicating a recovery in the automotive sector [87]. This summary encapsulates the critical insights from the conference call, highlighting the current state of the manufacturing sector in China, key performance indicators, and investment recommendations.

Core Insights - Hurco Companies, Inc. reported a net loss of $4,063,000, or $0.62 per diluted share, for the second quarter of fiscal year 2025, compared to a net loss of $3,922,000, or $0.61 per diluted share, in the same period of fiscal year 2024 [1] - Sales and service fees decreased by 10% to $40,867,000 in the second quarter of fiscal year 2025, with a total of $87,281,000 for the first six months, reflecting a 3% decline compared to the prior year [2] - The CEO emphasized the commitment to long-term strategy and cash flow management despite significant market uncertainties [3] Financial Performance - The gross profit for the second quarter was $7,829,000, or 19% of sales, compared to $8,019,000, or 18% of sales, in the prior year [11] - Selling, general, and administrative expenses for the second quarter were $10,897,000, or 27% of sales, up from 25% in the same period last year [13] - The company recorded an income tax expense of $518,000 for the second quarter, which included a valuation allowance of $1,270,000 against deferred tax assets [14] Sales and Orders - Total orders for the second quarter were $43,700,000, a decrease of 1% compared to the same period in fiscal year 2024 [7] - Sales in the Americas decreased by 9% in the second quarter, while European sales fell by 5% [4][5] - Asian Pacific orders increased by 74% in the second quarter, driven by higher demand for Hurco and Takumi machines [10] Geographic Performance - In the Americas, sales for the second quarter were $15,361,000, down from $16,947,000 in the prior year [3] - European sales totaled $21,608,000, a decrease from $22,720,000, primarily due to reduced shipments in Germany, France, and Italy [4] - Asian Pacific sales were $3,898,000, reflecting a significant decline of 29% compared to the previous year [5] Cash and Working Capital - Cash and cash equivalents increased to $43,807,000 as of April 30, 2025, compared to $33,330,000 at the end of October 2024 [15] - Working capital decreased to $175,914,000 from $180,788,000, driven by reductions in inventories and accounts receivable [15]

Market Overview - The A-share market experienced a slight increase today, with the Shanghai Composite Index rising by 0.05% to 3350.13 points, while the Shenzhen Component and ChiNext Index increased by 0.09% and 0.13% respectively [1] - Market trading volume was approximately 974.5 billion yuan, falling below one trillion yuan for the first time since January 13 [1] - The market sentiment is balanced but slightly strong, with over 2700 stocks rising and small-cap stocks outperforming large-cap stocks [1] Industry Performance - The technology sector, including robotics, machine tools, and communications, saw significant gains, while pharmaceuticals, military, and non-ferrous metals experienced notable declines [1] - The Industrial Mother Machine ETF (159667) rose by 1.13%, stabilizing after four days of decline, indicating potential value for low-cost positioning in this sector [1] Robotics Sector - Yushu Technology released a video of its UnitreeDex5 dexterous hand, showcasing advancements in robotics with 20 degrees of freedom and 94 sensitive touch points, outperforming previous models [4] - The dexterous hand technology is crucial for the commercialization of humanoid robots, with various manufacturers pursuing different technical routes [4] Machine Tool Industry - The industrial mother machine sector is characterized by a solid fundamental basis, with the manufacturing industry's prosperity steadily increasing [5] - The machine tool industry, which includes both traditional and high-end CNC machines, is currently in a phase of domestic replacement, with significant growth potential [5] - The manufacturing PMI reached 50.5 in March, indicating a year-high and supporting the positive outlook for the machine tool sector [5] Hong Kong Technology Sector - The Hong Kong Technology ETF (513020) has seen a decline of over 5% from its peak, but has attracted over 200 million yuan in net inflows over the past 20 trading days [7] - The ETF tracks major technology companies, including Alibaba and Tencent, and has gained over 33% this year, leading among similar ETFs [9] - Analysts suggest that the Hong Kong technology sector may enter a short-term consolidation phase after rapid valuation increases, with future growth driven by advancements in AI and strong earnings from leading internet companies [9][10]

星标 ★ IPO日报 精彩文章第一时间推送 近期，A股市场并购重组持续活跃。 3月24日至3月30日（上周），多家上市公司发布并购计划，例如泰豪科技（600590.SH）拟购买江西泰豪军工集团13.87%股权、易普力 （002096.SZ）拟以3.16亿元收购松光民爆51%股份、浙江力诺（300838.SZ）拟收购徐州化工机械有限公司100%股权、淮河能源 （600575.SH）拟以11.94亿元购买淮河能源电力集团10.70%股权…… 与此同时，上周沪深交易所"久违"地均召开了并购重组委审议会议，审核了两家上市公司的并购项目。 制图：佘诗婕 多家重大资产重组 上周，在一众并购中，截至记者发稿，有三家上市公司的收购构成重大资产重组，包括一家还涉及换股吸收合并。 3月26日，迅捷兴(688655)公告称，公司正在筹划以发行股份及支付现金的方式购买深圳市嘉之宏电子有限公司（简称"嘉之宏"）100% 股权并募集配套资金。本次交易预计构成重大资产重组。 3月27日，概伦电子(688206)公告称，公司正在筹划通过发行股份及支付现金的方式购买成都锐成芯微科技股份有限公司控股权，同时 拟募集配套资金。经初步测算，本次交易 ...

在此之前公司股价已经出现明显异动，3月18日该股暴跌近12%，成交额5.23亿元，较此前交易日明显 放量。*ST新研在公告中提到，公司董事会将全力以赴采取一切必要措施来解决当前的问题，并督促管 理层积极改善经营和财务状况，尽快扭转局面，恢复公司的正常运营和发展，维护公司与股东的合法权 益，力争撤销退市风险警示。 人形机器人铲子股，爆发 机器人细分领域又出大牛股。 在连续修正一段时日后，今天早盘科技股再度扛起领涨大旗，减速器、智谱AI、AI眼镜等方向领涨。 作为DeepSeek概念曾经的龙头，今天多只个股大幅飙升，每日互动盘中一度"20cm"涨停，并行科技一 度大涨近18%。人形机器人板块牛股继续突击，减速器概念中的纳川股份等个股"20cm"涨停，青海华 鼎、中马传动、春兴精工等10多只个股涨停。此外，作为人形机器人铲子股的宇环数控则连续多个涨停 板。 跌幅榜上，近期突然曝出大利空的*ST新研今天开盘"20cm"跌停。截至上午收盘，该股跌停板上封单有 逾百万手。消息面上，3月18日晚，*ST新研(300159)发布公告称，公司2024年度经审计期末归母净资产 约为-2.71亿元，根据相关规定，公司股票交易将被实 ...