新华财经里约热内卢7月6日电（记者杨家和）当地时间5日，在2025年金砖国家工商论坛期间，徐工巴 西制造有限公司（以下简称徐工巴西）总经理李寒光表示，面对新一轮科技革命和绿色转型浪潮，徐工 集团将持续深化在智能制造、绿色低碳、互利共赢等方面国际合作，推动中国先进制造能力与金砖国家 特别是巴西的发展需求深度融合，助力构建开放、包容、可持续的多边合作新格局。 技术创新为产业升级注入数字动能 李寒光介绍，近年来徐工集团持续推进"智改数转网联"战略，并将这一数字化转型成果率先在海外落 地。在巴西，徐工建成了南美工程机械行业领先的智能制造示范工厂，成功上线SAP、CRM、WMS一 体化运营平台，应用自动化产线、工业机器人、物联网、大数据等技术，大幅提升生产效率与产品质 量。"这一数字化革新，有效降低了工人劳动强度，显著提高设备交付效率，也为南美客户提供了更加 智能、高效的成套化工程解决方案。"李寒光说。 （文章来源：新华财经） 当前，绿色发展是全球产业结构调整的核心方向，也是巴西新工业政策的重要战略支点。巴西政府相继 推出了"加速增长计划""新工业计划"等发展战略，强调生态友好型产业转型，这与中国制造业的绿色发 展方向 ...

证券研究报告 | 行业周报 2025 年 06 月 24 日 机械 5 月我国工程机械出口额同比+8.5%，叉车 5月销量同比+11.8% 行业要闻：5月我国工程机械出口额同比+8.51%。据海关数据，2025 年 5 月我国工程机械进出口贸易额 52.38 亿美元，同比+8.1%，其中：进口额 2.14 亿美元，同比-0.74%；出口额 50.24 亿美元，同比+8.51%。1-5 月我国工程 机械进出口贸易额 241.85 亿美元，同比+8.49%。其中进口额 10.9 亿美元， 同比-0.86%；出口额 230.95 亿美元，同比+8.98%。按人民币计价，5 月出 口额 361.68 亿元，同比+10.1%。1-5 月出口额 1659.1 亿元，同比+10.2%。 5 月工程机械行业主要产品销售快报二发布。据中国工程机械工业协会统计， 2025 年 5 月当月销售 1）平地机：649 台，同比-3.28%，其中国内销量 112 台，同比+31.8%；出口量 537 台，同比-8.36%；2）汽车起重机：1748 台， 同比-8.1%，其中国内销量 978 台，同比-3.36%；出口量 770 台，同比 ...

Group 1 - In May 2025, a total of 18,202 excavators were sold, representing a year-on-year increase of 2.12%. Domestic sales were 8,392 units, down 1.48%, while exports reached 9,810 units, up 5.42% [1] - From January to May 2025, a total of 101,716 excavators were sold, marking a year-on-year increase of 17.4%. Domestic sales were 57,501 units, up 25.7%, and exports were 44,215 units, up 8.2% [2] - In May 2025, 36 electric excavators were sold, with various weight categories contributing to the total [3] Group 2 - In May 2025, a total of 10,535 loaders were sold, showing a year-on-year increase of 7.24%. Domestic sales were 6,037 units, up 16.7%, while exports were 4,498 units, down 3.31% [4][5] - From January to May 2025, a total of 52,755 loaders were sold, reflecting a year-on-year increase of 14.1%. Domestic sales were 29,607 units, up 25.4%, and exports were 23,148 units, up 2.39% [5] Group 3 - In May 2025, 649 graders were sold, down 3.28% year-on-year. Domestic sales were 112 units, up 31.8%, while exports were 537 units, down 8.36% [7] - From January to May 2025, a total of 3,580 graders were sold, marking a year-on-year increase of 14.9%. Domestic sales were 677 units, up 40.7%, and exports were 2,903 units, up 10.1% [7] Group 4 - In May 2025, 1,748 truck cranes were sold, down 8.1% year-on-year. Domestic sales were 978 units, down 3.36%, while exports were 770 units, down 13.5% [7] - From January to May 2025, a total of 9,103 truck cranes were sold, reflecting a year-on-year decrease of 8.94%. Domestic sales were 5,181 units, down 13.8%, and exports were 3,922 units, down 1.61% [8] Group 5 - In May 2025, 261 crawler cranes were sold, up 31.8% year-on-year. Domestic sales were 56 units, down 3.45%, while exports were 205 units, up 46.4% [10] - From January to May 2025, a total of 1,282 crawler cranes were sold, marking a year-on-year increase of 5.25%. Domestic sales were 402 units, down 1.23%, and exports were 880 units, up 8.51% [11] Group 6 - In May 2025, 1,681 truck-mounted cranes were sold, down 20.3% year-on-year. Domestic sales were 1,286 units, down 27.5%, while exports were 395 units, up 18.6% [13] - From January to May 2025, a total of 10,695 truck-mounted cranes were sold, reflecting a year-on-year decrease of 3.85%. Domestic sales were 8,535 units, down 6.71%, and exports were 2,160 units, up 9.42% [14] Group 7 - In May 2025, 538 tower cranes were sold, down 28.4% year-on-year. Domestic sales were 292 units, down 51.7%, while exports were 246 units, up 67.3% [15] - From January to May 2025, a total of 2,334 tower cranes were sold, marking a year-on-year decrease of 36.6%. Domestic sales were 1,278 units, down 57.1%, and exports were 1,056 units, up 51.1% [16] Group 8 - In May 2025, 123,472 forklifts were sold, representing a year-on-year increase of 11.8%. Domestic sales were 79,129 units, up 9.25%, while exports were 44,343 units, up 16.6% [17] - From January to May 2025, a total of 601,764 forklifts were sold, reflecting a year-on-year increase of 9.33%. Domestic sales were 392,490 units, up 6.66%, and exports were 209,274 units, up 14.7% [18] Group 9 - In May 2025, 1,589 rollers were sold, up 17% year-on-year. Domestic sales were 577 units, up 6.07%, while exports were 1,012 units, up 24.3% [19] - From January to May 2025, a total of 7,772 rollers were sold, marking a year-on-year increase of 23.7%. Domestic sales were 2,905 units, up 10.8%, and exports were 4,867 units, up 32.9% [20] Group 10 - In May 2025, 149 pavers were sold, up 30.7% year-on-year. Domestic sales were 107 units, up 33.8%, while exports were 42 units, up 23.5% [21] - From January to May 2025, a total of 708 pavers were sold, reflecting a year-on-year increase of 31.4%. Domestic sales were 521 units, up 32.2%, and exports were 187 units, up 29% [22] Group 11 - In May 2025, 15,653 aerial work platforms were sold, down 26.2% year-on-year. Domestic sales were 5,284 units, down 48.1%, while exports were 10,369 units, down 5.8% [25] - From January to May 2025, a total of 74,533 aerial work platforms were sold, marking a year-on-year decrease of 33.5%. Domestic sales were 29,191 units, down 48.3%, and exports were 45,342 units, down 18.4% [26] Group 12 - In May 2025, 296 high-altitude work vehicles were sold, down 33.3% year-on-year. Domestic sales were 286 units, down 34.1%, while exports remained flat at 10 units [26] - From January to May 2025, a total of 1,906 high-altitude work vehicles were sold, reflecting a year-on-year increase of 12.2%. Domestic sales were 1,803 units, up 9.74%, and exports were 103 units, up 87.3% [27]

追踪 "吨半粮" 补贴政策惠农，"智慧农机" 发威 "新购置的3台农机具，能拿到2万元补贴！"日前，乐陵市铁营镇学成农机服务专业合作社理事长闫学成 提交完农机购置补贴相关材料后，喜悦之情溢于言表。 乐陵是"农业大县"，近年来，在政府农机购置补贴政策的推动下，农户及合作社购买农机的积极性持续 被激发，农机销售订单不断增长，尤其是智能化农机具受到广大农户和合作社的青睐。截至目前，全市 农机保有量达2万余台（套），涵盖大型拖拉机、联合收割机、北斗定位导航设备、无人机等多种现代 农业机械。 今年以来，全市农机购置补贴工作推进有力，已完成结算农机45台（套），兑付补贴资金44.79万元； 待结算补贴金额192.86万元。更多农户的购机需求正获得有力支持。"农机补贴资金的精准快速发放， 有效降低了农业生产主体装备升级的门槛。"乐陵市农机推广中心农机管理股股长孟庆洲表示，农机购 置补贴政策不仅加速了农业机械化、现代化进程，显著提升了作业效率和质量，更为粮食稳产增产和农 民持续增收筑造了坚实的装备基础。（记者 徐付彪 通讯员 于春芝 苏安矗） 铁营镇学成农机服务专业合作社是农机购置补贴惠民政策的受益者之一。"去年，我们更新设 ...

Core Viewpoint - Shantui Co., Ltd. is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and connect with overseas capital markets [1] Group 1: Company Overview - Shantui is a leading player in the construction machinery industry, with a strong brand presence both domestically and internationally [1] - The company’s main products include bulldozers, excavators, road rollers, graders, pavers, milling machines, concrete machinery, and loaders, with bulldozers being its flagship product [1] - Shantui is one of the few manufacturers with a comprehensive product line and widespread market distribution, ranking third after Caterpillar and Komatsu in the bulldozer market [1] Group 2: Financial Performance - In 2024, Shantui achieved a revenue of 14.219 billion yuan, a year-on-year increase of 25.12%, and a net profit of 1.102 billion yuan, up 40.72% [2] - The overseas market has shown significant growth, accounting for over 50% of total revenue, with overseas business income reaching 7.411 billion yuan, a 26.08% increase [2] - The revenue from main products in overseas markets was 6.67 billion yuan, with growth rates of 30% for bulldozers, 30% for excavators, and 11% for both loaders and road machinery [2] Group 3: Market Strategy and Future Goals - Shantui plans to deepen its market presence in Africa, Indonesia, the Middle East, and Southeast Asia, expecting a 30% revenue growth in these regions [3] - The company aims to achieve a revenue target of 15.7 billion yuan in 2025, with overseas income projected at 9 billion yuan [3] - Shantui completed the acquisition of 100% of Shandong Heavy Industry's excavator business for 1.841 billion yuan to enhance profitability and asset scale [3] - The long-term plan includes increasing the revenue share of excavators to 50% by 2027-2028, surpassing that of bulldozers [3]

债券代码：127084 债券简称：柳工转 2 广西柳工机械股份有限公司 投资者关系记录表 证券代码：000528 证券简称：柳工 | | 【请在您选择的方式的"（ ）"中打"√"，下同】 （ √ ）特定对象调研 （ ）分析师会议 | | | | --- | --- | --- | --- | | 投资者关系 | （ ）媒体采访 | ）业绩说明会 | （ | | 活动类别 | （ ）新闻发布会 （ ）路演活动 | | | | | （ ）现场参观 | | | | | （ ）其他 （请文字说明其他活动内容） | | | | 参与单位名称 | 机构投资者、券商分析师、个人投资者等 52 位参会人员： | | | | | 鹏华基金、汇添富基金、工银安盛资管、西部利得基金、国泰基金、国金基金、 | | | | | 建信基金、开思基金、中信证券资管、太平资产、中国人寿、博睿乾远私募基 | | | | 及人员姓名 | 金、星石投资、中信建投证券、华泰证券、中金公司、国泰海通证券、银河证 | | | | | 券、天风证券、长江证券、东方证券、国联民生证券、国投证券、国金证券、 | | | | | 财通证券、申万宏源证券、兴业证 ...

Core Viewpoint - Heilongjiang Province is China's largest grain-producing region, with a total grain output of 800.17 billion kilograms in 2024, marking 15 consecutive years at the top nationally. Agricultural technology plays a crucial role in ensuring food security and enhancing production capacity [1] Group 1: Financial Support for Agricultural Technology - The Agricultural Development Bank of Heilongjiang Province has focused on creating a technology-driven agricultural cooperation platform, collaborating with research institutions to support the development of agricultural technology enterprises. As of April 2025, the bank has issued a total of 12.563 billion yuan in agricultural technology loans since the start of the 14th Five-Year Plan [1] - In 2023, the bank increased its credit support for key areas such as high-end agricultural machinery manufacturing and digital agriculture, providing 0.953 billion yuan in agricultural technology loans [1][2] - The bank aims to enhance cooperation with government departments and agricultural technology enterprises to ensure the healthy development of high-tech agricultural companies through tailored financing solutions and risk assessment mechanisms [2] Group 2: Support for Spring Farming - During the critical spring farming period, the bank has intensified its support for high-end agricultural machinery, providing 0.21 billion yuan in loans to meet the financing needs of agricultural machinery production, supply, and sales [3] - The bank's efforts are aimed at accelerating the modernization of grain production and ensuring a stable food supply in Heilongjiang Province [3] Group 3: Case Study of Local Enterprise - The Heilongjiang Zhongxing Machinery Equipment Co., a national high-tech enterprise in Jiamusi, has received 50 million yuan in loans from the bank over three years, enabling it to meet the strong demand for agricultural machinery during the spring farming season [4] - The company has utilized the financial support to enhance its production capabilities and maintain a competitive edge in the agricultural machinery sector by investing in advanced manufacturing equipment and developing new products [4] - The bank's local branch continues to provide financial assistance to promote the growth of the agricultural high-tech industry, contributing to the overall economic prosperity of Jiamusi [4]

大田农业机器人是指在大田环境下从事 作物表型、农情巡检、墒情检测、杂草去除、土地平整、特种选择性作物 收获 等任务的自主作业装备，其关键技术包括精准导航、机器视觉、智慧决策、自主行走和智能作业控制等。 1 信息获取类机器人 大田信息获取类机器人主要完成 作物发育表型、作物长势、病虫草害、土壤理化性质等信息采集 ，可用于品种 选育、田间管理、适时收获等作业决策。其主要技术难点在于种类繁多的高性价比机载传感器研发，以及田间高 效巡检平台自适应快速稳定行走设计问题。 荷兰Phenospex、德国 LemnaTec 和法国RoboPec公司 开发了龙门式和悬臂式植物表型机器人，通过叠加3D和多 光谱信息准确测量最大植物高度、3D叶面积、叶片角度、光穿透深度等形态参数，具有高精准度、完全自动化、 不受照明条件影响、可实现昼夜扫描等优点，实现了每天10000平方米的高通量分析(图1a～1c)。 图3 TerraSentia作物巡检机器人 农情巡检方面，罗锡文、何勇团队利用无人机、结构光技术和地面无线传感器网络中继等方法采集农田信息和获 取植物三维形态结构，满足了农田信息数据采集和监控的生命周期长、传输数据可靠、覆盖面积广 ...

Group 1: Grader Sales - In April 2025, a total of 756 graders were sold, representing a year-on-year increase of 21.5%, with domestic sales of 140 units (up 42.9%) and exports of 616 units (up 17.6%) [1] Group 2: Truck Crane Sales - In April 2025, 2,082 truck cranes were sold, showing a year-on-year decline of 3.48%, with domestic sales of 1,250 units (down 3.4%) and exports of 832 units (down 3.59%) [2] Group 3: Crawler Crane Sales - In April 2025, 280 crawler cranes were sold, marking a year-on-year increase of 2.94%, with domestic sales of 99 units (down 6.6%) and exports of 181 units (up 9.04%) [3] Group 4: Truck-Mounted Crane Sales - In April 2025, 2,142 truck-mounted cranes were sold, reflecting a year-on-year decrease of 14.5%, with domestic sales of 1,732 units (down 17.6%) and exports of 410 units (up 2.24%) [4] Group 5: Tower Crane Sales - In April 2025, 482 tower cranes were sold, indicating a significant year-on-year decline of 42.1%, with domestic sales of 266 units (down 61.3%) and exports of 216 units (up 49%) [5] Group 6: Industrial Vehicle Sales - In April 2025, 130,109 forklifts were sold, showing a year-on-year increase of 5.03%, with domestic sales of 84,317 units (down 0.89%) and exports of 45,792 units (up 18%) [6] Group 7: Roller Sales - In April 2025, 1,713 rollers were sold, representing a year-on-year increase of 36.2%, with domestic sales of 641 units (up 1.1%) and exports of 1,072 units (up 71.8%) [7] Group 8: Paver Sales - In April 2025, 200 pavers were sold, reflecting a year-on-year increase of 51.5%, with domestic sales of 150 units (up 54.6%) and exports of 50 units (up 42.9%) [8] Group 9: Aerial Work Platform Sales - In April 2025, 14,635 aerial work platforms were sold, showing a significant year-on-year decline of 49.7%, with domestic sales of 6,169 units (down 62.2%) and exports of 8,466 units (down 33.6%) [9] Group 10: High-altitude Work Vehicle Sales - In April 2025, 343 high-altitude work vehicles were sold, indicating a year-on-year increase of 49.1%, with domestic sales of 297 units (up 39.4%) and exports of 46 units (up 171%) [10]

Group 1 - Company stock closed at 9.1 yuan, up 2.48%, with a rolling PE ratio of 12.03 times and a total market value of 13.653 billion yuan [1] - The average PE ratio in the engineering machinery industry is 27.57 times, with a median of 23.48 times, placing the company in 8th position within the industry [1][3] - The company experienced a net inflow of main funds amounting to 18.4351 million yuan on May 8, with a total inflow of 37.3389 million yuan over the past five days [1] Group 2 - The company specializes in the production and sales of bulldozers, road rollers, graders, pavers, milling machines, concrete machinery, and loaders, among other products [2] - It is recognized as a major state-owned enterprise in China, ranking among the top 100 in the machinery industry and is a model enterprise for manufacturing informatization in Shandong Province [2] - The latest quarterly report shows a revenue of 3.301 billion yuan, a year-on-year increase of 2.86%, and a net profit of 273 million yuan, a year-on-year increase of 13.63%, with a gross profit margin of 19.20% [2]