据证券之星公开数据整理，近期动力新科（600841）发布2025年中报。截至本报告期末，公司营业总收 入28.29亿元，同比下降23.8%，归母净利润-3.01亿元，同比上升56.35%。按单季度数据看，第二季度营 业总收入14.57亿元，同比下降22.66%，第二季度归母净利润-9056.47万元，同比上升77.61%。本报告期 动力新科盈利能力上升，毛利率同比增幅5147.97%，净利率同比增幅42.72%。 本次财报公布的各项数据指标表现一般。其中，毛利率5.83%，同比增472.13%，净利率-10.63%，同比 增42.72%，销售费用、管理费用、财务费用总计3.32亿元，三费占营收比11.75%，同比减1.89%，每股 净资产2.31元，同比减33.51%，每股经营性现金流-0.15元，同比增51.65%，每股收益-0.22元，同比增 56.0% 财务报表中对有大幅变动的财务项目的原因说明如下： 货币资金变动幅度为-9.76%,原因:子公司上汽红岩归还流动资金贷款及票据到期兑付等经营活动现金净 流出。 | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | ...

商用整车分部，改装车、非道路车国内外销量依旧靓眼，期间不仅有山东南山国际高尔夫球车160台的 国内第一大单，五菱观光车、高尔夫球车更于海外销售552台。 智通财经APP获悉，8月26日，五菱汽车(00305)公布了2025半年业绩，集团围绕"稳增长、提效益、开新 局"的经营策略，推动传统优势产业向产业链、价值链中高端聚集。 上半年，五菱汽车总收入录得约40.3亿元(单位：人民币，下同)，同比增加2.0%;毛利约为4.8亿元，同 比增加13.5%，毛利率从去年同期10.8%增长至12.0%。溢利更是同比增加306.2%，达到8580.9万。公司 上半年整体业绩取得增长的主要原因是毛利率同比提升，再加上公司精细化的管理带来了各项费率的下 降，经营取得了长足进步。 不仅是上汽通用五菱，长城、奇瑞、赛力斯、比亚迪、长安汽车、北汽福田等大牌车企，均为集团附属 公司五菱工业所经营的汽车零部件及其他工业服务分部的客户，整体业务持续增长，上半年向拓展客户 的销售额继2024年后，继续突破10亿大关。 具体产品部分，明星产品车桥优势显著。微型电动驱桥产销累计已突破200万套件，而同轴式电驱桥则 配套长安、江淮、吉利等车企，率先 ...

Group 1: Infrastructure Investment Opportunities - The focus on infrastructure stocks is increasingly linked to artificial intelligence (AI) investments, particularly in semiconductors and data centers [1] - Industrial stocks are highlighted as a strong sector for investment, with potential in energy and aerospace/defense aligning with U.S. manufacturing priorities [2] Group 2: Baker Hughes - Baker Hughes (BKR) stock has increased by over 26% in the last 12 months, driven by high demand for energy and oilfield services [3] - The company is becoming crucial in digital automation and drone warfare, with the Pentagon's budget exceeding $900 billion aimed at unmanned systems and digital warfare [4] - Although Baker Hughes lacks major defense contracts, its expertise in digital automation and energy resilience positions it as a potential partner for the Pentagon [5] - BKR stock is trading at approximately 14.6x earnings, slightly above the energy sector average, but may justify a premium if it establishes relevance in digital infrastructure [6] Group 3: GE Aerospace - GE Aerospace (GE) operates in two business units: Commercial Engines and Services, and Defense and Propulsion Technologies, both experiencing increased demand [7] - Concerns exist regarding lower margins in the defense sector, especially as GE trades at 37x earnings, which is a premium to the sector [8] - Following its earnings report, several analysts, including UBS Group, have raised their price targets for GE, indicating a potential gain of around 19% from its price as of August 25 [9] Group 4: Caterpillar - Caterpillar (CAT) stock has risen by 19.2% in 2025, maintaining its status as a must-own stock despite tariff-related expenses impacting its bottom line [11][12] - The Energy and Transportation unit of Caterpillar continues to grow, supporting the digital economy through its products [13] - Caterpillar is recognized as a Dividend Aristocrat, having increased its dividend payout for 30 consecutive years, with a safe payout ratio around 30% [13]

业内人士认为，随着国家继续实施更加积极有为的宏观政策，提振消费、提高投资效益和全方位扩大国 内需求，统筹推进新型城镇化和乡村全面振兴，预计2025年下半年国内宏观经济将继续回升向好，动力 新科发动机、新能源业务有望持续增长。 （编辑 张文玲 郭之宸） 从细分板块来看，2025年上半年动力新科8.62万台发动机中业外市场销售4.36万台，同比增长32%，创 十年来新高；工程机械配套市场销量增长39%，船机电站配套市场（含数据中心配套市场）销量增长 48.8%，上半年出口业务新建十八家海外服务网络，为下半年进一步开拓国际市场奠定了坚实的基础。 在新能源业务方面，动力新科项目有序发展，初步建立以业内配套为本、持续突破业外配套的市场拓展 策略，电池PACK、电驱桥合计销售5760套，同比增长86.6%，并积极开拓公交、轻卡、换电市场配套 业务。 本报讯 （记者张文湘）8月25日晚间，上海新动力汽车科技股份有限公司（以下简称"动力新科"）发布 2025年半年度报告。公司2025年上半年归属于上市公司股东的净利润为-3.01亿元，同比大幅减亏。 2025年上半年，动力新科加强市场开拓、产品技术研发、降本增效等工作。子公司 ...

8月25日，潍柴重机盘中上涨2.00%，截至10:40，报52.00元/股，成交4.62亿元，换手率5.56%，总市值 172.29亿元。 截至6月30日，潍柴重机股东户数3.82万，较上期减少17.91%；人均流通股4249股，较上期增加 21.81%。2025年1月-6月，潍柴重机实现营业收入27.46亿元，同比增长43.91%；归母净利润1.44亿元， 同比增长52.62%。 分红方面，潍柴重机A股上市后累计派现3.56亿元。近三年，累计派现1.76亿元。 机构持仓方面，截止2025年6月30日，潍柴重机十大流通股东中，永赢睿信混合A（019431）位居第一 大流通股东，持股598.31万股，相比上期增加439.68万股。广发创新升级混合（002939）位居第二大流 通股东，持股589.43万股，为新进股东。广发科技创新混合A（008638）位居第三大流通股东，持股 583.90万股，相比上期增加290.53万股。永赢数字经济智选混合发起A（018122）位居第四大流通股 东，持股535.11万股，相比上期增加160.57万股。大摩数字经济混合A（017102）位居第五大流通股 东，持股416.01万股 ...

在潍柴智能化工厂，智能化生产线不仅提高了生产效率，还能对生产过程进行实时监控和数据分析，确保每 一台发动机都符合高质量标准。（资料图片） 在动力装备领域，山东潍坊足够硬气。 先看规模：拥有"国字号"动力装备集群，年产值达3000亿元、约占全国动力装备产业总产值的三分之一。 再看结构：围绕潍柴等龙头企业，形成了极其密切的配套企业群，动力装备几乎所有环节都能找到本地供应 商。 动力之城名副其实，潍坊动力装备产业正向着"世界级"产业集群迈进，其发展的齿轮，正咬合出产业升级的 新转速。 链式协同 得益于链条长、配套全的优势，在潍坊，大中小企业、上下游之间的合作协同日益紧密：大企业带动产业链 发展，中小企业专攻细分领域，各展所长，共同培育，撑起装备制造业的一片天。 向内看，是自身技术与实力。"热效率53.09%意味着什么？意味着人类百米跑进9秒，是不是很逆天？"潍柴动 力品牌传播部负责人说，这样的热效率下，一辆重卡一年可省柴油1.2万升。 向外看，是产业协同能力。潍柴链接上下游企业，培育了独有的同心产业生态圈，在这个生态圈中，每一名 经营主体都要寻增量做加法，杜绝零和博弈。 类似的大企业还有很多，例如，深耕"果链"的歌 ...

资金流向方面，主力资金净流入73.42万元，特大单买入100.40万元，占比0.62%，卖出221.00万元，占比1.36%；大单买入2448.01万元，占比15.08%，卖出2254.00万元，占比13.88% 全柴动力今年以来股价涨26.79%，近5个交易日涨9.59%，近20日涨7.58%，近60日涨9.59%。 8月22日，全柴动力（维权）盘中下跌2.07%，截至10:08，报9.94元/股，成交1.62亿元，换手率3.70%，总市值43.30亿元。 截至3月31日，全柴动力股东户数4.21万，较上期减少0.07%；人均流通股10353股，较上期增加0.07%。2025年1月-3月，全柴动力实现营业收入12.93亿元，同比增长5.78%；归母净利润 分红方面，全柴动力A股上市后累计派现5.11亿元。近三年，累计派现9147.60万元。 责任编辑：小浪快报 今年以来全柴动力已经2次登上龙虎榜，最近一次登上龙虎榜为8月20日，当日龙虎榜净买入-1805.80万元；买入总计2738.19万元 ，占总成交额比9.71%；卖出总计4543.99万元 ，占总成 资料显示，安徽全柴动力股份有限公司位于安徽省全椒县襄 ...

Core Viewpoint - The article discusses the strategic asset sales by Dongfeng Motor Group, particularly the sale of a 50% stake in Dongfeng Honda Engine Company, as part of its transition towards electric vehicles amidst declining performance in traditional automotive sales [2][4]. Group 1: Asset Sale Details - Dongfeng Motor Group is selling a 50% stake in Dongfeng Honda Engine Company, with the project currently in the pre-listing phase and a deadline for bids set for September 12 [2]. - Dongfeng Honda Engine Company was established in May 1998, has a registered capital of approximately $122 million (about 873 million RMB), and employs 827 people [2]. - The company's financials show a projected revenue of 9.566 billion RMB for 2024, with a net loss of 228 million RMB, while the first half of 2025 reported a revenue of 3.807 billion RMB and a net profit of 371 million RMB [2]. Group 2: Strategic Shift and Performance - Dongfeng Motor's decision to sell assets is linked to its market performance, with a reported 8.9% decline in vehicle sales from January to July, totaling 978,500 units [4]. - The company’s net profit for the first half of the year is projected to be between 30 million and 70 million RMB, representing a decline of 90% to 95% compared to the same period in 2024 [4]. - Dongfeng is focusing on reducing and selling off joint venture assets while expanding its presence in the electric vehicle sector, indicating a strategic shift towards self-owned brands [4][5]. Group 3: Production Capacity and Market Context - Dongfeng Honda has a design capacity of 768,000 vehicles per year, with a production of 425,900 vehicles in 2024, resulting in a capacity utilization rate of 55.46%, which is better than Dongfeng Nissan's 43% [6]. - The article highlights that, despite the high penetration rate of electric vehicles in China at 45%, the Dongfeng Honda Engine Company, with a capacity to produce 480,000 engine assemblies annually, has become a burden for Dongfeng [6]. - The ongoing transition to electric vehicles raises questions about the future demand for traditional engine manufacturing capabilities, as the industry shifts focus [6].

Core Viewpoint - Dongfeng Motor Group is divesting its 50% stake in the Honda joint venture engine company to focus on electric vehicle (EV) investments amid declining sales and performance [2][4]. Group 1: Company Performance - Dongfeng Motor Group's new car sales and overall performance are in a downturn, with passenger car sales dropping by 10% year-on-year from January to July [4]. - The company's net profit for the first half of 2025 decreased by 90% compared to the previous year [4]. - The joint venture, Dongfeng Honda Engine, reported an operating revenue of 9.5 billion yuan for the fiscal year ending December 2024, with a net loss of 227 million yuan [4]. Group 2: Strategic Moves - Dongfeng Motor Group plans to auction its 50% stake in the Dongfeng Honda Engine joint venture, with a bidding deadline set for September 12 [4]. - The funds raised from the sale will be used to boost the sales of its new energy vehicle brand, "Lantu" [4]. - The Dongfeng Honda Engine company, established in 1998, is facing reduced demand for engines due to the increasing popularity of electric vehicles, leading to a halving of its annual production capacity at the Guangzhou plant [4].

Core Insights - Shifeng Group has developed a diversified industrial structure focusing on three-wheeled vehicles, commercial vehicles, tractors, and engines, alongside nylon industrial fabrics and other sectors since its establishment in 1993 [1][3] - The company has received numerous national and provincial honors, including "National Civilized Unit" and "National Innovation Enterprise," highlighting its commitment to quality and innovation [1][3] Group 1: Business Development - Shifeng Group is recognized as a chain leader in the automotive and equipment manufacturing industry in Liaocheng, aiming to drive transformation and upgrades in these sectors [3][5] - The company has successfully upgraded its products to meet national emission standards, with three-wheeled vehicles and tractors achieving National IV and commercial vehicles achieving National VI standards [3] - In 2023, Shifeng's three-wheeled vehicles and single-cylinder diesel engines saw a 103% increase in sales in the African market, while commercial vehicles experienced a 30% sales growth in Vietnam and Kazakhstan [3] Group 2: High-End Manufacturing and Innovation - Shifeng Group has entered high-value supply chains for high-end automotive parts and offshore photovoltaic industries, achieving a 35% year-on-year growth in this segment from January to July [4] - The company is a core supplier for the 2 million KW tidal photovoltaic demonstration project, contributing to national green energy initiatives and achieving full operational capacity in its workshops [4] Group 3: Energy Transition and Sustainability - Shifeng Group is developing a comprehensive "source-network-load-storage-cloud" model, planning to construct a 120MW photovoltaic power station and a 200MWh energy storage facility [4] - This initiative aligns with the dual carbon goals and aims to enhance energy efficiency, positioning the company as a model for green and low-carbon development in manufacturing [4] Group 4: Industry Collaboration - Shifeng Group actively participates in industry events and collaborates with over 270 companies to strengthen the equipment manufacturing sector in Liaocheng [5] - The company has formed strategic partnerships with major players in the automotive and equipment manufacturing industries, becoming a crucial part of the provincial supply chain [5]