（文章来源：证券日报） 证券日报网讯 10月14日晚间，粤传媒发布公告称，公司之全资子公司广州日报报业经营有限公司（简 称"广报经营"）委托广州产权交易所有限公司通过广东联合产权交易中心，以公开挂牌的方式，以不低 于评估价值1，040，726元为底价，对外转让报废的报印生产设备及相应附属设备等29项报印固定资产 及一批备件。本次交易采取公开挂牌及网络竞价方式实施，最终以1，375，726元竞拍价格成交，确定 陈**先生为该批设备及备件的受让方。近日，公司与陈**先生签订了资产交易合同。 ...

行 业 及 产 业 机械设备 行 业 研 究 / 行 业 点 评 证券分析师 王珂 A0230521120002 wangke@swsresearch.com 郭中伟 A0230524120004 guozw@swsresearch.com 李蕾 A0230519080008 lilei@swsresearch.com 刘建伟 A0230521100003 liujw@swsresearch.com 研究支持 券 研 苏萌 A0230122080001 sumeng@swsresearch.com 联系人 何佳霖 (8621)23297818× hejl@swsresearch.com 本研究报告仅通过邮件提供给 中庚基金 使用。1 2025 年 10 月 13 日 金属涨价驱动设备需求增加，关注 矿山机械及相关拥有矿山资产公司 看好 ——矿山机械行业点评 投资观点： 请务必仔细阅读正文之后的各项信息披露与声明 证 究 报 告 相关研究 - ⚫ 有色金属价格上行，有望带动设备资本开支增加。价格是设备投资的"指挥棒"，当终 端金属价格上涨，矿企利润增加，设备采购的意愿会变强，设备需求随着价格上涨幅度 的增加而增 ...

Investment Rating - The investment rating for Tianma Intelligent Control (688570) is "Buy" [3][7] Core Views - The company reported a revenue of 652 million yuan in the first half of 2025, a year-on-year decrease of 21.21%, and a net profit attributable to shareholders of 70 million yuan, down 65.72% year-on-year [1] - The company is actively expanding its intelligent manufacturing business while strengthening its coal business, focusing on unmanned scenarios and discrete intelligent control industries [3] - The company maintains a strong market position with a market share of 37.7% for its SAC system and 25.4% for its SAM system in the first half of 2025, despite facing increased competition [4] - The national policy continues to support coal mine intelligent construction, indicating significant growth potential in the industry [4] Financial Performance - In the first half of 2025, the company's main business revenue from unmanned intelligent mining control solutions was 426 million yuan, and spare parts revenue was 156 million yuan [4] - The company expects net profits for 2025, 2026, and 2027 to be 168 million yuan, 199 million yuan, and 224 million yuan respectively, with diluted EPS of 0.39 yuan, 0.46 yuan, and 0.52 yuan [7] - The company's gross margin is projected to decline from 45.1% in 2023 to 38.6% in 2025, reflecting competitive pressures [6] Strategic Initiatives - The company is making progress on its fundraising projects, which are expected to lay a solid foundation for the development of new businesses in intelligent manufacturing [5] - The company has completed its smart factory construction project, which is anticipated to create a second growth curve [5] - The company emphasizes shareholder returns, having distributed a cash dividend of 3.3 yuan per 10 shares for the 2024 fiscal year, amounting to 143 million yuan [7]

Core Viewpoint - Suda Co., Ltd. announced on August 21 that it has taken over the labor portion of after-sales service for Zhengzhou Coal Mining Machinery Group, establishing a foundation for future maintenance and parts supply for hydraulic supports over the next 8-9 years [2] Group 1 - The company is responsible for providing after-sales service for Zhengzhou Coal Mining Machinery, which includes both after-sales and pre-sales services [2] - By engaging in after-sales service, the company is able to connect with customers early and provide high-quality service [2] - This strategic move positions the company to secure future business opportunities in maintenance, spare parts, and technical upgrades related to hydraulic supports [2]

格隆汇8月12日丨粤传媒(002181.SZ)公布，为盘活现有资产，进一步提升资产运营效率，公司全资子公 司广报经营拟委托广州产权交易所有限公司通过广东联合产权交易中心，以公开挂牌的方式，以不低于 评估价值104.0726万元为底价，对外转让报废的报印生产设备及相应附属设备等29项报印固定资产及一 批备件。 ...

Core Viewpoint - Tesla plans to open its first showroom in India in July, indicating a strategic expansion into the Indian market [1] Group 1: Company Expansion - Tesla is set to establish its first showroom in India, marking a significant step in its international growth strategy [1] - The company imports supercharger components, automotive parts, merchandise, and spare parts from the United States, China, and the Netherlands, highlighting its global supply chain [1]