8月27日，北方股份跌5.02%，截至发稿，报24.20元/股，成交4.46亿元，换手率10.69%，总市值41.14亿 元。 资料显示，内蒙古北方重型汽车股份有限公司位于内蒙古包头市稀土高新技术产业开发区北方股份大 厦，成立日期1988年4月26日，上市日期2000年6月30日，公司主营业务涉及非公路矿用自卸车的研发、 生产、销售和服务。主营业务收入构成为：整车销售合同81.07%，备件及服务合同18.71%，其他(补 充)0.22%。 从北方股份十大流通股东角度 数据显示，华商基金旗下1只基金位居北方股份十大流通股东。华商甄选回报混合A（010761）二季度 新进十大流通股东，持有股数92.92万股，占流通股的比例为0.55%。根据测算，今日浮亏损失约118.94 万元。 截至发稿，余懿累计任职时间2年350天，现任基金资产总规模58.67亿元，任职期间最佳基金回报 75.18%， 任职期间最差基金回报19.14%。 孙蔚累计任职时间2年237天，现任基金资产总规模71.39亿元，任职期间最佳基金回报60.16%， 任职期 间最差基金回报-4.34%。 崔志鹏累计任职时间1年238天，现任基金资产总规模3 ...

Core Viewpoint - SANY International is positioned as a leading player in the domestic energy equipment industry, with a diversified portfolio across mining, logistics, oil and gas, and emerging industries such as solar energy and lithium batteries [1] Mining Equipment - Global capital expenditure remains high, with China's coal production stable and steadily increasing fixed asset investment in coal mining, projected to grow from 264.8 billion yuan in 2017 to 611.8 billion yuan in 2024 [2] - SANY International's coal machinery revenue is expected to rise from 1.3 billion yuan in 2017 to 10.2 billion yuan in 2024, with a compound annual growth rate (CAGR) of 34%, increasing market share from 2.0% to 8.5% [2] Logistics Equipment - China's container throughput is projected to reach 332 million TEUs in 2024, with a CAGR of 6.0% since 2010, indicating a growing market for port machinery [3] - SANY International holds a significant market share in small port machinery, with projected market shares of 68.3% for mobile cranes and 68.6% for stackers in 2024 [4] Oil and Gas Equipment & Emerging Industries - High oil prices are expected to support capital expenditure from major oil companies, with domestic "three barrels of oil" capital expenditure projected to reach 565.2 billion yuan in 2024, growing at a CAGR of 7.6% [5] - The solar energy sector is anticipated to see continued growth, with global new installations projected to reach 1,078 GW by 2030, reflecting a CAGR of 12.6% [6] - The lithium battery sector is rapidly developing, with China's new energy vehicle sales expected to reach 12.87 million units in 2024, growing at a CAGR of 61% [6] Investment Outlook - SANY International has established a comprehensive platform covering traditional mining, port logistics, oil and gas equipment, and emerging sectors like solar and lithium batteries, with expected revenue growth from 25.8 billion yuan in 2025 to 37.34 billion yuan in 2027 [7]

Group 1 - A batch of non-road mining dump trucks produced by Inner Mongolia North Heavy Industries Group Co., Ltd. has completed export leasing procedures at Tianjin Dongjiang Customs and is being shipped overseas from Tianjin Port [1] - Tianjin Dongjiang Customs has established a rapid customs clearance mechanism, completing the customs procedures in just one day by providing guidance on various business processes [1] - The leasing trade, as an important part of emerging trade formats, allows domestic companies to expand international markets and reduce financial pressure on lessees, with Tianjin's leasing trade import and export volume reaching 14.58 billion yuan, a year-on-year increase of 247.9% [1] Group 2 - Financial institutions in Tianjin, such as Agricultural Bank of China Tianjin Branch, are actively supporting the development of leasing trade, with a leasing business balance exceeding 18 billion yuan and new investments of over 5.5 billion yuan this year [2] - The bonded leasing model in Tianjin has been promoted to other regions like Shanghai, Guangzhou, and Chongqing, forming an annual bonded leasing industry worth hundreds of billions [2] - In 2024, Tianjin Customs' bonded leasing model was selected as one of the first pilot projects for the "Smart Customs Strong Country" initiative by the General Administration of Customs [2]

Core Viewpoint - The engineering machinery industry shows signs of recovery, with improvements in working hours and operating rates, although some metrics indicate a decline compared to previous periods [5][7]. Group 1: Monthly Working Hours - In April 2025, the average working hours for major engineering machinery products was 90.1 hours, representing a year-on-year increase of 3.20% but a slight month-on-month decrease of 0.05% [1]. - Specific working hours for various machinery in April 2025 included: excavators at 85 hours, loaders at 98.3 hours, and non-road mining dump trucks at 170 hours [1]. Group 2: Monthly Operating Rates - The operating rate for engineering machinery in April 2025 was 62%, which is a year-on-year decrease of 4.29 percentage points but an increase of 1.17 percentage points from the previous month [2]. - Operating rates for specific machinery in April 2025 included: excavators at 66.3%, loaders at 62.4%, and concrete pump trucks at 43% [2]. Group 3: Historical Data Review - The average working hours for major engineering machinery products in December 2024 was 93.9 hours, showing a month-on-month decline of 2.91% [5]. - In March 2025, the average working hours increased to 90.1 hours, with a year-on-year growth of 6.53% [6]. Group 4: Market Dynamics - The engineering machinery industry is experiencing a potential recovery, with improved expectations following a significant increase in exports, which rose over 70% despite a 13-month decline in domestic sales [7][9]. - February 2025 saw an improvement in operating rates, contributing to a more optimistic outlook for the engineering machinery sector [9].