中国工程机械工业协会副会长、双碳工作委员会和工程起重机分会会长李建友介绍， BICES 2025上将 有众多新产品、新技术、新成果全面展示，为助力社会各界全面了解BICES最新展示内容，BICES组委 会将围绕高端化、绿色化、智能化、强基等方向，发布展会"三新"进展报告，推出进展名录，重点展示 与推广创新产品、技术、成果的进展亮点。(完) （文章来源：中国新闻网） 中新网北京6月13日电(记者左宇坤)"我国工程机械技术、产品和服务等越来越受到国际用户的认知、认 可，行业企业海外业务布局不断完善、升级，今年全行业出口额仍将保持较高水平。预计2025年全年中 国工程机械行业将继续呈现平稳运行、稳中有进的发展态势，主要经济指标将稳定增长，对外贸易保持 基本稳定。" 6月12日，中国(北京)国际工程机械、建材机械及矿山机械展览会(以下简称BICES 2025)新闻发布会暨展 商预备会在京举行。中国工程机械工业协会会长苏子孟作《2025年以来工程机械行业运行情况与全年展 望》主题发言时指出，2025年以来，工程机械行业积极应对国内外市场环境变化，求真务实、奋发有 为，全行业取得了一批科技创新成果，产业基础高级化和产业链 ...

长沙晚报全媒体记者 周辉霞 丹麦作家凯伦·布里克森在《走出非洲》里写道：如果我会唱非洲的歌，我想唱那长颈鹿，以及洒在它背上的新 月；唱那田中犁铧，以及咖啡农淌汗的脸庞。 欧洲之南、亚洲之西的这片土地，过去对于长沙人来说是那么的遥不可及。三届中非经贸博览会举办之后，越 来越多耐得烦、霸得蛮的长沙人跨越千山万水，在这片神奇的土地上高唱充满湘音的奋进之歌。 美兰集团更是基于非洲农业资源富集但加工能力薄弱、市场需求旺盛但供应链不稳定的双向痛点，构建了"海外 初加工+海外仓+国内精加工+全球贸易"的全链条发展格局。以科特迪瓦橡胶加工、坦桑尼亚葵籽油加工等产业 项目为支点，完善当地基础产业体系，带动产能提升、就业改善与税收增长，再通过海外仓布局实现产业链向 国内延伸，形成产能互补与市场互联的闭环生态。 长沙市商务局相关负责人介绍，长沙市近年来聚焦工程机械、服装、汽车零配件等特色产业或优势产业，推动 企业主动了解非洲的市场需求和特点，统筹好国内产能和非洲的市场潜力，开拓非洲市场，特别是把长沙的工 程机械产品和基建实力带到非洲。 新领域合作全面拓展 相知无远近，万里尚为邻。 传统领域合作提质升级 走，到非洲去！2007年，中 ...

据海关数据整理，2025年4月我国工程机械进出口贸易额为53.77亿美元，同比增长12%，其中：进口额2.26亿 美元，同比下降2.2%；出口额51.52亿美元，同比增长12.7%。 2025年3月我国工程机械进出口贸易额为51.67亿美元，同比增长7.53%，其中：进口额2.55亿美元，同比下降 5.85%；出口额49.12亿美元，同比增长8.33%。 2025年2月进出口合计35.03亿美元，同比下降1.11%，其中：进口额2.22亿美元，同比增长22.5%；出口额32.81 亿美元，同比下降2.38%。 2025年1月我国工程机械进出口贸易额为49.23亿美元，同比增长14.1%， 其中：进口额1.96亿美元，同比下降2.86%；出口额47.27亿美元，同比增长15%。 2025年1—4月，我国工程机械进出口贸易额为189.47亿美元，同比增长8.51%。其中进口金额8.77亿美元，同 比下降0.86%；出口金额180.7亿美元，同比增长9.01%。 按照以人民币计价的出口额计算，4月份出口额369.66亿元，同比增长13.6%。1至4月出口额1297.38亿元，同 比增长10.3%。 3月份出口额35 ...

自2013年起，南瑞集团深耕巴西电力市场，设立南瑞巴西公司，推动电力装备及整体解决方案应 用，提升巴西电网稳定性与电力输送效率。南瑞巴西公司运营负责人表示，"我们与当地电力部门紧密 合作，针对巴西复杂的地形和用电需求，不断优化技术方案，目前这套系统已成为巴西部分地区供电 的'稳定器'。" 在矿产资源合作上，2014年巴西淡水河谷的图巴朗港与连云港港签署友好合作备忘录，双方建立的 混矿基地长期为长三角钢厂供应优质铁矿石。连云港港相关负责人表示，"这个混矿基地就像一座桥 梁，把巴西的优质矿产资源与中国庞大的市场需求精准对接，让资源价值得到充分发挥。"这一项目的 落地与发展，实现资源的高效对接与互利共赢，保障了双方在能源矿产领域的稳定发展。 新兴领域突破，开拓经贸合作新赛道 智利车厘子、秘鲁牛油果等"拉美味道"丰富着江苏人的餐桌，而江苏制造的新能源车在拉美城市道 路上勾勒出绿色风景线……从安第斯山脉到长江沿岸，从亚马孙雨林到太湖之滨，一场关于发展机遇 的"双向奔赴"，正澎湃激荡着江苏与拉美，经贸合作的浪花跨越重洋。 2025年是中拉论坛正式运行十周年。跨越山海、万里为邻，江苏与拉美之间的务实合作不断深入， 据南京海 ...

在推动内外贸一体化发展上，培育内外贸一体化企业，加快内外贸品牌建设，推进内外贸产品同线同标 同质，促进内外贸市场渠道对接。此外，长沙还将组织企业参加供需对接活动，支持外贸企业对接重点 商超、电商平台，促进出口转内销。 为推动产业链提质增效，长沙将设立进口产业联盟，对进口《湖南省鼓励类进口商品目录》内产品的企 业给予最高200万元融资贴息。在国际产能合作方面，鼓励工程机械、生物医药等优质产能"抱团出 海"，对符合条件的对外投资项目给予最高100万元支持，并对经认定的境外经贸合作园区提供最高300 万元支持。 市商务局相关负责人表示，十条措施聚焦"稳订单、拓市场、强服务"，通过"真金白银"的资金支持和全 链条服务保障，助力外贸企业抢占先机，推动长沙外贸高质量发展。 5月5日，市商务局发布2025年稳外贸十条措施，围绕拓展国际市场、扩大特色产品出口、支持重点 产品进口等十大领域推出精准扶持政策，单个企业最高可获300万元资金支持，全面提振外贸企业发展 信心。 在拓展国际市场方面，长沙实施"境内外展会双覆盖"策略，对企业参加进博会等知名展会给予支持。实 施境外重点展会支持计划，单个企业给予不超过100万元展会补贴。此 ...

Overview - The report emphasizes the importance of domestic demand as a key theme in the current economic landscape [1] Research Insights Machinery Equipment - XCMG Machinery (000425.SZ) reported a total revenue of CNY 91.66 billion in 2024, a decrease of 1.28% year-on-year, while net profit attributable to shareholders increased by 12.2% to CNY 5.976 billion. In Q1 2025, revenue grew by 10.92% to CNY 26.815 billion, and net profit rose by 26.37% to CNY 2.022 billion, with a net profit margin of 7.6% [6] Construction Decoration - China Railway (601390.SH) faced a 19% decline in net profit in Q1 2025, attributed to pressure in traditional infrastructure sectors, although overseas orders showed strong growth. The projected net profit for 2025-2027 is CNY 28.1 billion, CNY 28.3 billion, and CNY 28.9 billion, respectively [7] Steel - Hunan Steel (000932.SZ) saw a significant improvement in Q1 2025, with net profit increasing by 43.55% to CNY 562 million. The overall profitability of the steel industry is recovering, with a gross profit margin expected to improve [8] Automotive - Silver Wheel Co., Ltd. (002126.SZ) reported a revenue of CNY 3.4 billion in Q1 2025, a 15% increase year-on-year, with net profit rising by 11% to CNY 210 million. The company is well-positioned for growth in the automotive sector [11] Home Appliances - Haier Smart Home (600690.SH) achieved a revenue of CNY 79.118 billion in Q1 2025, a 10.06% increase, with net profit rising by 15.09% to CNY 5.487 billion. The company is expected to maintain a steady growth trajectory [14] Food and Beverage - Hengshun Vinegar (600305.SH) reported a revenue of CNY 626 million in Q1 2025, a 35.97% increase, with net profit rising by 2.36% to CNY 57 million. The company is focused on strengthening its core business and expanding into new markets [15] Construction Materials - Oriental Yuhong (002271.SZ) faced challenges in Q1 2025, with a decline in performance due to reduced demand in new construction areas. The company is optimizing its distribution channels [22] Power - Zhejiang Energy Power (600023.SH) reported stable performance in Q1 2025, with revenue projected to be CNY 87.698 billion in 2025, a slight decrease of 0.3% year-on-year. Net profit is expected to be CNY 6.25 billion [20] Textile and Apparel - Jian Sheng Group (603558.SH) reported a 2% increase in revenue in Q1 2025, but net profit decreased by 27%. The company is adjusting its production capacity to match orders [29] Coal - Shanxi Coking Coal (000983.SZ) reported a revenue of CNY 90.26 billion in Q1 2025, a decrease of 14.46%, with net profit down by 28.33% to CNY 6.81 billion. The company is focusing on cost reduction and efficiency improvements [43]

Core Insights - The report highlights the government's initiatives to stabilize employment and promote high-quality economic development, including measures to support enterprises and boost consumption [9][10] - The A-share market is experiencing slight fluctuations, with the banking and gaming sectors showing strength, while real estate and consumer sectors are underperforming [10][17] - The nuclear power sector is witnessing an acceleration in project approvals, indicating a positive long-term outlook for nuclear operators [27][28] Domestic Market Performance - The Shanghai Composite Index closed at 3,288.41, down 0.20%, while the Shenzhen Component Index closed at 9,855.20, down 0.62% [4] - The average P/E ratios for the Shanghai Composite and ChiNext are at 14.02 and 34.16, respectively, suggesting a suitable environment for medium to long-term investments [10][17] International Market Performance - Major international indices, including the Dow Jones and S&P 500, experienced declines of 0.67% and 0.45%, respectively, indicating a cautious global market sentiment [5] Industry Analysis - The electric power and public utilities sector outperformed the market, with the index rising 2.93% in April, while the overall market saw a decline [19] - The first quarter of 2025 saw a 5.4% year-on-year increase in GDP, with industrial production and retail sales showing positive growth, indicating a recovery in domestic demand [14][15] Investment Recommendations - The report maintains a "stronger than market" rating for the electric power and public utilities sector, emphasizing the importance of stable earnings and growth potential in large operators [28] - Investors are advised to focus on sectors with high earnings certainty and clear policy catalysts, particularly in technology and consumer upgrades [10][13]

营收微降1.53%，净利润大增46.03% 2025年4月，山河智能装备股份有限公司发布2024年年度报告。报告期内，公司实现营业收入71.19亿 元，较上年同期的72.29亿元下降1.53%；归属于上市公司股东的净利润为7299.56万元，同比增长 46.03%。这一增一降的数据变化，反映出公司在经营过程中面临着复杂的市场环境和挑战。 营收下滑，业务结构有调整 从业务板块来看，工程机械业务作为公司的核心业务，营收为57.92亿元，同比下降4.73%，占总营收的 81.37%。这一下降趋势与国内工程机械行业整体下行周期相契合，受更新换代需求下行影响，国内市 场的下滑对公司相关产品销售收入产生了一定冲击。然而，航空业务板块表现亮眼，实现营收10.14亿 元，同比增长11.18%，占总营收的14.24%。这得益于全球航空市场资产价值的普遍回升以及公司在该 领域业务布局的持续推进，如飞机租赁、销售等业务交易额的企稳回升。工程施工及其他业务营收为 3.13亿元，同比增长31.50%，占总营收的4.39%，其增长可能得益于公司在相关领域的市场拓展或项目 推进。 分地区来看，国内市场营收27.06亿元，同比下降13.34 ...

Investment Rating - The report does not explicitly provide an investment rating for the engineering machinery industry Core Viewpoints - The "reciprocal tariff" policy by the Trump administration is expected to benefit US domestic engineering machinery companies while intensifying global competition in the industry. Chinese engineering machinery companies have limited exposure to the US market, making the overall risk manageable. The industry faces both short-term pressures and long-term opportunities as it shifts towards high-end and globalized operations, supported by domestic demand stimulation and the "Belt and Road" initiative [1][5][8] Summary by Sections Impact of Tariffs - The "reciprocal tariff" policy includes a minimum baseline tariff of 10% on all goods exported to the US, effective April 5, 2025, with additional tariffs for countries with significant trade deficits or deemed to engage in "unfair trade" [3][4] Export Trends - Chinese engineering machinery exports have been growing, particularly to countries along the "Belt and Road" initiative, with exports to these regions reaching $21.055 billion in 2023, a year-on-year increase of 24.1%, accounting for 47.2% of total exports. The share of exports to the US has decreased, currently representing about 7%-8% of total exports, with major companies like SANY, Zoomlion, and XCMG having less than 5% exposure to the US market [5][8] Competitive Landscape - US brands such as Caterpillar and John Deere hold a combined market share of 52% in the US market, and the high tariffs are likely to strengthen their market position. European and Japanese companies are also facing similar tariff pressures, which may heighten competition in other global markets [7][8] Strategic Responses - Major Chinese engineering machinery companies are expanding their overseas production capabilities and entering emerging markets to mitigate risks. For instance, SANY has established a factory in North America, while Zoomlion and Hengli Hydraulic have set up operations in Mexico and Brazil to cater to local demand [7][8] Future Outlook - While short-term challenges exist due to increased tariffs leading to a decline in exports to the US, the long-term outlook is positive as the industry is pushed towards higher-end and globalized operations. The focus of competition is expected to shift towards technological innovation and localized service capabilities rather than merely the gains or losses in a single market [8]