央视网消息：11月27日，我国正式公布了首批领航级智能工厂培育名单。工业和信息化部相关负责人表示，这标志着我国智能制造已进入从数 字化、网络化迈向智能化的关键跃升期。 记者注意到，首批公布的领航级智能工厂共15家，涵盖装备制造、原材料、电子信息、消费品等行业。工业和信息化部相关负责人表示，领航 级智能工厂正在引领创新范式、生产方式、供应链形态的全面变革，这将加速我国构建数据、模型等新型制造体系。并通过"智能制造母工 厂"模式带动产业链协同升级，形成更加韧性、安全的全球制造网络。 领航级智能工厂究竟拥有怎样的实力？ 最新数据显示，人工智能技术在智能工厂生产场景中的渗透率大幅提升，我国此前培育的卓越级智能工厂渗透率已超过45%，这次领航级智能 工厂的渗透率超过70%。 工业和信息化部副部长辛国斌表示，这场深刻的技术变革，直接转化为实实在在的效益和优势。以产品研制为例，卓越级、领航级工厂的研发 周期平均缩短分别为29%和38%，充分展现了智能制造的巨大价值。 11月27日公布的这首批15家领航级智能工厂，是多个关键性行业的典型代表。什么样的工厂可以称为"领航级"？ 在广西柳州，这家汽车生产企业与传统汽车生产方式截然 ...

Core Insights - The first batch of 15 leading smart factories has been officially announced, marking a significant leap in China's smart manufacturing from digitization and networking to intelligence [1] - The penetration rate of artificial intelligence technology in these smart factories has increased significantly, with the new leading factories achieving over 70% penetration [1] - The average R&D cycle for products in leading smart factories has been reduced by 38%, showcasing the substantial value of smart manufacturing [1] Group 1: Leading Smart Factories - The 15 leading smart factories represent key industries such as equipment manufacturing, raw materials, electronic information, and consumer goods [1] - A notable example is an automotive production facility in Guangxi, which has adopted an "island-style" production method, allowing for flexible assembly and improved efficiency [2] - The automotive factory has reduced its product development cycle from 420 days to 240 days and the product introduction cycle from 40 days to 15 days, achieving a 30% increase in manufacturing efficiency [2] Group 2: Technological Advancements - Automation in the automotive production has increased from 30% to 50%, and the flexibility in production has expanded from 5 to 13 vehicle models [3] - In Shandong, an engine manufacturing company has integrated AI and lean management, achieving near-zero defects in high-end engine production and improving production efficiency by over 10% [3] - The use of digital virtual platforms has allowed for rapid simulation and optimization of over 80% of tests, shortening the R&D cycle by approximately 20% [3] Group 3: Future Development - China aims to continue promoting the digital transformation of the manufacturing sector and develop smart manufacturing further [4] - A robust tiered system of smart factories has been established, including basic, advanced, excellent, and leading levels, with plans for ongoing development towards more flexible, intelligent, and green factories [4] - Future initiatives will encourage leading factories to share advanced experiences and solutions, enhancing collaboration across the supply chain and focusing on breakthroughs in key technologies [5]

Core Insights - The first batch of leading smart factories in China has been officially announced, marking a significant leap from digitalization and networking to intelligence in manufacturing [1] - A total of 15 leading smart factories have been recognized, spanning various industries such as equipment manufacturing, raw materials, electronic information, and consumer goods [1] - The penetration rate of artificial intelligence technology in these smart factories has significantly increased, with the newly recognized factories showing a penetration rate exceeding 70% [1] Group 1: Smart Factory Development - The leading smart factories are driving comprehensive changes in innovation paradigms, production methods, and supply chain forms, accelerating the establishment of new manufacturing systems [1] - The average R&D cycle for leading and excellent factories has been shortened by 38% and 29% respectively, demonstrating the substantial value of smart manufacturing [3] - The smart factory tier includes basic, advanced, excellent, and leading smart factories, with the latter being the pinnacle of this hierarchy [15] Group 2: Technological Advancements - The island-style production method adopted by a leading factory in the automotive sector allows for flexible assembly and adjustment based on production needs [3] - The AI operation center in the island-style factory enables real-time monitoring of production data, leading to a 30% increase in manufacturing efficiency [7] - Automation rates in production have increased from 30% to 50%, and the number of vehicle models produced has expanded from 5 to 13 [9] Group 3: Future Directions - The Chinese government plans to continue promoting the digital transformation of the manufacturing sector and the development of smart manufacturing [12] - Leading smart factories will be encouraged to share advanced experiences and solutions, enhancing collaboration across the supply chain [19] - The integration of artificial intelligence into manufacturing is expected to lead to more flexible, intelligent, and sustainable smart factories in the future [15]

物流中心项目建筑面积2.83万平方米，具备智能化水平高、运营效率优等特点。这也是舍弗勒自1995年 落户太仓以来的第13次增资，既是企业"本土资源服务本土市场"理念的实践，也为太仓高端装备、现代 物贸产业能级提升注入新动力。 本报讯(龙美娟)11月25日，舍弗勒中国区物流中心在太仓正式开业。该物流中心作为舍弗勒在中国布局 的核心物流枢纽，将显著提升太仓高端制造领域的配套服务能级。 舍弗勒集团总部位于德国黑措根奥拉赫，是驱动行业的全球市场领导者。其太仓基地不仅是集团在中国 最大制造基地，设立5座工厂及多个研发、培训、服务中心，员工数量超7000人。太仓基地生产产品覆 盖发动机、变速箱、底盘系统零部件及电机、电桥等新能源汽车核心动力系统，已成为舍弗勒全球新能 源业务的核心阵地。"太仓稳定、开放和可信赖的投资环境是我们持续加仓的关键因素。"舍弗勒集团 CEO克劳斯.罗森菲尔德表示，未来将进一步深化与太仓的合作，持续深耕中国市场，为产业发展和地 方经济作出积极贡献。 ...

未经许可，不得转载或者引用。 投资要点 10月销量：产批零出口均超我们预期 行业总量：10 月产批零出口均超我们预期。1）产量： 10月重卡产量10.4万辆，同环比分别为 +78.4%/+2.6%； 2）批发： 10月重卡批发销量10.6万辆，同环比分别为+60.0%/+0.6%； 3）上 险： 10月重卡终端销量7.0万辆，同环比分别为+56.6%/-15.9% ； 4）出口： 10月重卡出口销量 3.3 万辆，同环比分别为+43.8%/+4.8% ； 5）库存： 10月行业整体库存+0.09万辆，其中企业库 存-0.23万辆，渠道库存+0.32万辆，据我们测算，10月行业总库存系数为1.8，处于合理水平。 行业结构： 分用途来看，10月工程车同环比表现优于物流车。10月工程车终端销量0.74万辆， 同环比分别+63.0%/-14.9%；物流车销量6.26万辆，同环比分别+55.9%/-16.0%。10月工程车/物 流车占比分别10.5%/89.5%，工程车占比同环比分别+0.4/+0.1pct，物流车占比同环比分别 为-0.4/-0.1pct。天然气重卡方面，10月天然气重卡销量2.1万辆，同环比分别+1 ...

传统产业仍然是数据要素价值释放的主战场。 全国一体化数据市场的建设，在促进数据产业保持高速增长的同时，也将驱动实体产业降本增效、提质 创新。 2025年"数据要素×"大赛全国总决赛颁奖仪式暨2025全球数商大会开幕式11月25日在上海举办，有183个 获奖团队上台领奖，包含上述这家医院的团队。大会以区块链、隐私计算、人工智能、可信数据流通等 核心技术为主线，集中发布多项成果，包括沪新合作在数字身份和电子认证文件互认的合作成果、矿产 数据出海标准创新联合体上线、上海区块链创新基金揭牌、区块链信用证应用场景上线等。同时，上海 数据集团与国家数据发展研究院联合编制发布《基于统一数据基础设施的行业可信数据空间建设运营白 皮书》，旨在推动可信数据空间的标准化建设与运营。 国家数据局局长刘烈宏在大会上表示，国家数据局下一步将聚焦建设开放、共享、安全的全国一体化数 据市场，加大对数据商在内的各类数据流通服务机构的培育力度，以繁荣数据产业生态，进一步激发市 场活力，释放数据要素的价值。他特别提到了三类数据流通服务机构的作用：支持数据交易所（数据交 易中心），加快探索建立数据流通交易全链条的服务体系；支持数据流通服务平台企业加 ...

Core Viewpoint - Cummins Inc. is positioned as a leading player in the engine and power generation market, demonstrating resilience and growth potential despite market volatility [1][4]. Company Overview - Cummins Inc. designs, manufactures, and distributes engines, filtration, and power generation products, serving customers in over 190 countries through approximately 600 company-owned and independent distributor locations and over 7,600 dealer locations [1]. - The company competes with major industrial players such as Caterpillar and General Electric [1]. Stock Performance - As of November 25, 2025, Cummins' stock was trading at $485.62, with a price target set at $500 by UBS, indicating a potential upside of approximately 2.96% [2]. - The stock has shown positive momentum, reflecting an increase of 2.77%, or $13.11, amidst significant market volatility [3]. - CMI's stock has fluctuated between a low of $476.98 and a high of $490.30 on the day, with the latter being its highest price over the past year [4]. - The lowest price for CMI in the past year was $260.02, indicating resilience and growth potential [4]. Market Context - The stock market has experienced significant volatility, particularly following NVIDIA Corp's earnings report, but optimism returned after comments from New York Fed President John Williams regarding potential rate cuts [3]. - Major indices, including the Dow Jones Industrial Average, S&P 500, and NASDAQ, closed higher, reflecting a positive market sentiment [3]. - Cummins has a market capitalization of approximately $66.86 billion, maintaining its status as a significant player in the industrial sector [4]. - Today's trading volume for CMI was 1,288,788 shares, indicating active investor interest [4].

东安动力（600178）11月25日召开2025年第三季度业绩说明会，公司管理层主要成员与投资者进行交 流。 东安动力拥有自然吸气、增压直喷和新能源增程动力三大发动机产品平台以及手动变速器、自动变速器 和DHT三大变速器产品平台，致力于为高端乘用车、轻型和中型商用车、新能源汽车等提供发动机、 变速器及动力总成一体化解决方案。 该公司制定的2025年经营目标为整机销售60万台，实现营业收入52亿元。 公司此前介绍，目前新能源产品中，增程器主要匹配东风岚图、江淮汽车（600418）等，DHT产品主 要配套郑州日产，正在逐渐上量。公司未来市场主要包括三个方面，即传统市场、出口市场及增程和混 动市场，目标规模各占整体业务三分之一。公司持续加大产品创新及市场开拓力度，正在合作研发转子 发动机。公司2026年挑战整机销量100万台，2027年挑战收入100亿元。 2025年前三季度，公司实现营业收入37.66亿元，归属于上市公司股东的净利润-328.45万元。 东安动力介绍，2025年1月至9月，公司进一步加强市场开拓力度，新市场立项达65项，其中新能源市场 项目16项，同比增长130%，传统市场项目35项，特品市场项目 ...

Core Viewpoint - Weichai Heavy Machinery's stock has shown significant volatility, with a year-to-date increase of 114.81%, but recent declines in the short term indicate potential market fluctuations [1][2]. Group 1: Stock Performance - On November 24, Weichai Heavy Machinery's stock rose by 2.03%, reaching 26.10 CNY per share, with a trading volume of 202 million CNY and a turnover rate of 3.45%, resulting in a total market capitalization of 12.106 billion CNY [1]. - The stock has experienced a decline of 4.22% over the last five trading days, 15.40% over the last twenty days, and 28.20% over the last sixty days [1]. - The company has appeared on the "Dragon and Tiger List" 16 times this year, with the most recent appearance on September 15, where it recorded a net buy of -217 million CNY [1]. Group 2: Company Overview - Weichai Heavy Machinery, established on June 28, 1993, and listed on April 2, 1998, is located in Weifang, Shandong Province, and specializes in developing, manufacturing, and selling marine power and power generation equipment [2]. - The company's main business segments include power generation units (51.61% of revenue), engines (33.89%), aftermarket and others (7.28%), and parts and processing services (7.23%) [2]. - The company operates within the automotive industry, specifically in the automotive parts sector, and is associated with concepts such as generator concepts, machinery, and Shandong state-owned assets [2]. Group 3: Financial Performance - For the period from January to September 2025, Weichai Heavy Machinery reported a revenue of 4.426 billion CNY, reflecting a year-on-year growth of 57.50%, and a net profit attributable to shareholders of 187 million CNY, up 29.34% year-on-year [2]. - The company has distributed a total of 386 million CNY in dividends since its A-share listing, with 205 million CNY distributed over the last three years [3]. Group 4: Shareholder Structure - As of September 30, 2025, Weichai Heavy Machinery had 80,400 shareholders, an increase of 110.66% from the previous period, with an average of 2,824 circulating shares per shareholder, down 33.54% [2]. - The largest circulating shareholder is the Caitong Asset Management Digital Economy Mixed Fund, holding 5.9548 million shares, while the second-largest is the Morgan Stanley Digital Economy Mixed Fund, with 4.9242 million shares, having increased its holdings by 76,410 shares [3].

数据来源：国家统计局，智研咨询整理 上市企业：潍柴动力（000338）,动力新科（600841）,全柴动力（600218）,宗申动力（001696）,云内动 力（000903）,航发动力（600893）,隆鑫通用（603766）,广汽集团（601238） 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 相关报告：智研咨询发布的《2025-2031年中国发动机行业市场全景调研及产业趋势研判报告》 根据国家统计局数据显示：2025年9月中国发动机产量为2.5亿千瓦，同比增长26.1%；2025年1-9月中国 发动机累计产量为18.1亿千瓦，累计增长6.7%。 2020-2025年1-9月中国发动机产量统计图 ...