老铁们，徐工机械这家工程机械巨头最近有点猛！股价悄悄涨，业绩稳稳升，海外市场更是杀出了一条血路。作为盯了20年财经的老炮儿，帮主今天就带大 家扒一扒徐工机械的里里外外，看看这波行情到底是昙花一现，还是中长线布局的黄金坑。 1. 出口持续强劲：公司预计下半年行业出口保持10%以上增长。国产品牌竞争力提升、海外渠道完善、服务后市场建设提速，以及国内企业加速全球化产能 布局，都是重要支撑。 2. 国内需求回暖：下半年政策红利、设备更新周期与新能源智能化趋势三重叠加，内销有望持续回暖。像雅下工程、新藏铁路等国家级大项目，都在持续释 放对工程机械的需求。 3. 新质生产力爆发：公司新能源产品收入增长9.43%，高端产品收入大幅增长41.44%。特别是在智能化方面，公司聚焦"AI+工程机械"，例如向华能伊敏煤 矿交付了100台纯电无人驾驶矿卡，实现了露天矿山装、运、卸全流程无人化作业。 三、估值：机构认为"低估"，安全边际较高 从估值来看，徐工机械具有一定的吸引力。截至2025年9月5日，其市盈率（TTM）约为17.56倍，市净率（LF）约为1.83倍。有3家机构认为其"低估"，例如 太平洋证券给出6个月目标价11.62 ...

7月29日，在国家能源集团新疆红沙泉二号露天煤矿（以下简称"红二矿"），58台无人驾驶矿卡正高效运转，其中52台为纯电动车型， 标志着该矿在纯电无人驾驶运输领域取得突破性进展。截至目前，这批无人矿卡已累计安全运行50万公里，并实现运输环节零碳排放，为 我国露天煤矿智能化、绿色化运输提供了可借鉴的实践经验。 纯电+无人驾驶，破解矿山运输痛点 红二矿年产能2000万吨，土石方剥离与煤炭运输任务繁重。传统燃油矿卡不仅能耗高、排放量大，且驾驶员长期在恶劣环境下作业， 存在安全与用工难题。2025年1月起，该矿分批投用58台无人驾驶矿卡，其中52台采用纯电驱动，有效解决了燃油成本高、碳排放大的行 业痛点。 "批量应用纯电无人驾驶矿卡，实现了运输环节零碳智能，不仅从根本上降低了传统矿山运输中的安全风险，运输效率也得到了显著提 升，展现了现代矿山绿色化、智能化发展的新方向。"红二矿总工程师白晟华介绍。依托智能调度系统，无人矿卡可自主规划最优路径，精 准装卸，并实时感知路况，大幅提升运输安全性和稳定性。 智能调度+远程监控，改善矿山工作模式 在红二矿智能云控中心，操作人员通过大屏实时监控矿卡运行状态，360°视角让远程操控如 ...

Summary of Key Points from Conference Call Records Industry Overview - The records focus on the **autonomous vehicle industry**, particularly in logistics, mining, military, and agriculture sectors [1][3][4][13]. Core Insights and Arguments - **Growth in Autonomous Forklifts**: In China, companies have seen order growth rates of **50% to 100%** for autonomous forklifts, enhancing warehouse space utilization and operational efficiency [1][3]. - **Robotaxi Development**: Multiple companies plan to mass-produce Robotaxis by **2025**, with Tesla already launching its RoboTaxi service in Austin, Texas, marking a significant step towards the commercialization of autonomous taxis [1][3]. - **Mining Sector Innovations**: XCMG has delivered **100 electric autonomous mining trucks**, marking the first large-scale delivery of such vehicles globally. Other companies like SANY and Zoomlion are also investing in autonomous mining machinery [1][3]. - **Military Applications**: Autonomous combat platforms are emerging, showcasing new collective combat paradigms, with innovations like "mechanical wolf packs" being presented at military exhibitions [1][4]. - **Market Size Projections**: The global warehouse automation solutions market is projected to grow from approximately **471.1 billion RMB** in **2024** to **804 billion RMB** by **2029**, with a compound annual growth rate (CAGR) of about **11%** [1][8]. Additional Important Insights - **AMR vs. AGV**: Autonomous Mobile Robots (AMR) are expected to outperform Automated Guided Vehicles (AGV) in flexibility and intelligence, with the global AMR solutions market projected to reach **162.1 billion RMB** by **2029**, growing at a CAGR of **33%** [2][12]. - **Automation Adoption in Warehouses**: Approximately **80%** of the **180,000** warehouses globally have not yet adopted automation solutions, indicating significant growth potential for autonomous forklifts and other automated solutions [9][10]. - **Industry Chain of Autonomous Forklifts**: The industry chain includes upstream components like sensors and hardware, midstream manufacturing, and downstream applications in material handling and warehousing [6]. - **Traditional Forklift Applications**: In China, traditional forklifts are primarily used in manufacturing (52%) and logistics (16%) [7]. Conclusion - The autonomous vehicle industry is poised for rapid growth across various sectors, driven by technological advancements and increasing market demand. The significant potential for automation in warehouses and the military, along with the development of AMR technology, highlights the evolving landscape of this industry.