走进海伦哲徐州生产基地，一幅"硬核"工业画卷扑面而来：高空作业车如同"钢铁巨人"，黑色的臂架擎 天而立。应急救援车展区里，黄色的应急电源车、白色的出口高空作业车整齐排列，车身上"海伦哲"的 标识格外醒目。 车间中央的智能大屏上，实时跳动着每台车的生产进度——"34号车，生产进度99%""45号车，生产进 度38%"。质量检测数据、产能统计图表也随之动态更新，数字化的生产脉络清晰可见。这些画面是海 伦哲"小而精"发展的生动缩影。 这家员工仅700余人的特种装备企业，不追"大而全"的规模，却在高空作业、应急救援、军工保障等细 分领域走出了差异化之路。从曾陷控制权变动、业绩波动的困境，到三年战略重塑实现"逆袭"；从国内 市场的深耕，到国际版图的破冰；如今站在"十五五"开局的节点，海伦哲正以更扎实的技术、更精准的 布局，续写特种装备企业的高质量发展故事。 市场破局从国内深耕到国际破冰 应急，是解读海伦哲发展路径的必不可少的关键词。 作为徐州"334"产业格局安全应急产业的代表性企业，海伦哲的身影总是出现在最需要保障的地方。春 晚、冬奥会、西藏日喀则震区等重大活动及需要重要保障的现场，海伦哲的装备如同沉默而可靠的"守 ...

拟收购及安盾消防科技，协同升级驱动新增长 ——公司点评报告 工程机械 国际扩张成效显著》2025-10-15 2、《2024 年业绩稳健增长，订单高 增成长可期》2025-04-26 执业证书编号：S0740519080001 Email：wangke03@zts.com.cn | 基本状况 | | | --- | --- | | 总股本(百万股) | 1,009.04 | | 流通股本(百万股) | 1,003.72 | | 市价(元) | 6.97 | | 市值(百万元) | 7,033.03 | | 流通市值(百万元) | 6,995.94 | 海伦哲（300201.SZ） 证券研究报告/公司点评报告 2026 年 01 月 08 日 | 买入（维持） 评级： | | 公司盈利预测及估值 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 指标 | | | | 2023A | 2024A | 2025E | 2026E | 2027E | | 分析师：王可 | | 营业收入（百万元） | | 1,352 | 1, ...

海伦哲今年以来股价涨1.02%，近5个交易日涨8.32%，近20日涨20.84%，近60日涨23.43%。 资料显示，徐州海伦哲专用车辆股份有限公司位于江苏省徐州经济开发区宝莲寺路19号，成立日期2005 年3月21日，上市日期2011年4月7日，公司主营业务涉及专用汽车的研发、生产、销售和服务。主营业 务收入构成为：高空作业车44.89%，军品和消防车26.35%，电源车20.85%，备件修理培训4.75%，抢修 车2.64%，其他0.52%。 1月7日，海伦哲盘中上涨2.07%，截至09:39，报6.90元/股，成交3633.32万元，换手率0.54%，总市值 69.62亿元。 资金流向方面，主力资金净流出74.91万元，特大单买入101.52万元，占比2.79%，卖出0.00元，占比 0.00%；大单买入457.71万元，占比12.60%，卖出634.14万元，占比17.45%。 截至12月10日，海伦哲股东户数4.90万，较上期减少5.47%；人均流通股20465股，较上期增加5.61%。 2025年1月-9月，海伦哲实现营业收入12.90亿元，同比增长28.75%；归母净利润1.76亿元，同比增长 ...

1月6日，海伦哲盘中下跌2.05%，截至11:09，报6.70元/股，成交2.80亿元，换手率4.09%，总市值67.61 亿元。 资金流向方面，主力资金净流出2469.40万元，特大单买入1197.31万元，占比4.28%，卖出1857.76万 元，占比6.63%；大单买入6151.59万元，占比21.97%，卖出7960.54万元，占比28.42%。 海伦哲今年以来股价跌1.90%，近5个交易日涨1.82%，近20日涨18.17%，近60日涨20.94%。 机构持仓方面，截止2025年9月30日，海伦哲十大流通股东中，香港中央结算有限公司位居第七大流通 股东，持股494.87万股，为新进股东。交银启诚混合A（014038）退出十大流通股东之列。 责任编辑：小浪快报 截至12月10日，海伦哲股东户数4.90万，较上期减少5.47%；人均流通股20465股，较上期增加5.61%。 2025年1月-9月，海伦哲实现营业收入12.90亿元，同比增长28.75%；归母净利润1.76亿元，同比增长 32.57%。 分红方面，海伦哲A股上市后累计派现1.49亿元。近三年，累计派现6443.55万元。 资料显示，徐州海伦 ...

海伦哲（300201）诉深圳市连硕自动化科技有限公司(下称"连硕科技")原股东一案迎来新进展。 2021年4月28日，海伦哲将持有的连硕科技100%股权以人民币1元的价格转让给吴泽勤、宋俊，并于2021年6月8日完成工商变更登记。 2023年4月28日，江苏证监局作出《市场禁入决定书》、《行政处罚决定书》。根据证监会的调查结论，连硕科技在2016至2019年度存在虚增收入和利润 行为，海伦哲采用追溯重述法对2016至2020年度财务报表进行会计差错更正及追溯调整，连硕科技在2016至2019年度各年利润均为负值。连硕科技原股东 未完成《业绩补偿协议》约定的业绩承诺。 因此，海伦哲于2024年向江苏省徐州市中级人民法院起诉杨娅等连硕科技原股东，请求判令杨娅等向公司支付业绩承诺补偿款、返还现金红利等暂合计约 2.48亿元。 一审判决后，姜敏、余顺平提起上诉，被告杨娅、朱玉树、深圳市中亚图投资合伙企业(有限合伙)公司未提起上诉。 海伦哲表示，一审判决已生效，公司将积极督促及跟进判决执行情况，向法院申请强制执行等，尽最大努力追讨业绩补偿款。案件对公司的影响仍存在不 确定性，对公司本期利润或期后利润的实际影响以公司最终 ...

2025年12月31日晚间，海伦哲(300201)公告称，公司拟以7.4亿元现金收购湖北及安盾消防科技有限公司 51%股权，交易完成后，公司将成为及安盾公司的控股股东，及安盾公司将成为公司的控股子公司。本 次交易不构成关联交易，不构成重大资产重组，已通过董事会审议，尚需提交股东会审议。 目标公司及安盾公司是一家专注于以储能、电力、数据中心、新能源汽车、轨道交通等高安全要求场景 为核心应用领域的消防科技企业，其主要产品为电池PACK级、储能柜（簇）级灭火装置和消防灭火系 统，已广泛应用于中国、北美、欧洲、澳洲及中东等多个国家和地区。 海伦哲表示，通过本次交易收购及安盾公司控股权，公司将快速切入正处于高速增长阶段的储能消防安 全赛道。本次交易是公司把握储能行业高速发展机遇的战略举措，借助及安盾公司切入全球储能消防安 全产业链高价值环节，快速获取市场份额，为公司培育强劲的新增长曲线。 不过，本次收购完成后，公司将确认较大金额的商誉。若目标公司未来经营状况未达预期，则本次收购 标的资产所形成的商誉将存在减值风险，从而对公司经营业绩产生不利影响。 据公告，交易对方对目标公司2026年、2027年经审计扣除非经常性损益净 ...

资料显示，徐州海伦哲专用车辆股份有限公司位于江苏省徐州经济开发区宝莲寺路19号，成立日期2005 年3月21日，上市日期2011年4月7日，公司主营业务涉及专用汽车的研发、生产、销售和服务。主营业 务收入构成为：高空作业车44.89%，军品和消防车26.35%，电源车20.85%，备件修理培训4.75%，抢修 车2.64%，其他0.52%。 海伦哲所属申万行业为：机械设备-工程机械-工程机械整机。所属概念板块包括：消防概念、雄安新 区、小盘、低价、储能等。 截至11月28日，海伦哲股东户数5.19万，较上期增加4.01%；人均流通股19379股，较上期减少3.85%。 2025年1月-9月，海伦哲实现营业收入12.90亿元，同比增长28.75%；归母净利润1.76亿元，同比增长 32.57%。 12月19日，海伦哲盘中上涨2.06%，截至13:38，报5.44元/股，成交6796.51万元，换手率1.26%，总市值 54.89亿元。 资金流向方面，主力资金净流入92.87万元，特大单买入120.04万元，占比1.77%，卖出313.80万元，占 比4.62%；大单买入1487.32万元，占比21.88%，卖出 ...

Excavator Market Overview - In November 2025, a total of 20,027 excavators were sold, representing a year-on-year increase of 13.9%. Domestic sales accounted for 9,842 units (up 9.11%), while exports reached 10,185 units (up 18.8%) [1][2]. - Cumulatively, from January to November 2025, 212,162 excavators were sold, marking a 16.7% increase year-on-year. Domestic sales were 108,187 units (up 18.6%), and exports were 103,975 units (up 14.9%) [2]. Loader Market Overview - In November 2025, 11,419 loaders were sold, showing a significant year-on-year growth of 32.1%. Domestic sales were 5,671 units (up 29.4%), and exports were 5,748 units (up 34.8%) [4][5]. - For the period from January to November 2025, a total of 115,831 loaders were sold, reflecting a year-on-year increase of 17.2%. Domestic sales reached 61,039 units (up 22.5%), while exports totaled 54,792 units (up 11.9%) [5]. Electric Excavator Market - In November 2025, 19 electric excavators were sold, categorized by weight: 5 units under 6 tons, 2 units between 6-10 tons, 1 unit between 10-18.5 tons, and 11 units between 18.5-28.5 tons [3]. Electric Loader Market - November 2025 saw the sale of 2,935 electric loaders, with the following breakdown: 38 units under 3 tons, 181 units at 3 tons, 7 units at 4 tons, 1,738 units at 5 tons, 823 units at 6 tons, 138 units at 7 tons, 3 units at 8 tons, and 4 units over 8 tons [6]. Grader Market Overview - In November 2025, 650 graders were sold, reflecting a year-on-year increase of 24%. Domestic sales were 111 units (up 24.7%), and exports were 539 units (up 23.9%) [7]. - From January to November 2025, a total of 7,568 graders were sold, marking a year-on-year increase of 7.79%. Domestic sales were 1,335 units (up 29.5%), while exports were 6,233 units (up 4.06%) [7]. Crane Market Overview - In November 2025, 1,536 truck cranes were sold, with a year-on-year growth of 16.6%. Domestic sales were 780 units (up 25.8%), and exports were 756 units (up 8.46%) [8]. - Cumulatively, from January to November 2025, 18,063 truck cranes were sold, showing a decline of 1.38% year-on-year. Domestic sales were 9,773 units (down 1.02%), and exports were 8,290 units (down 1.8%) [9]. Forklift Market Overview - In November 2025, 119,749 forklifts were sold, representing a year-on-year increase of 14.1%. Domestic sales were 75,242 units (up 23.9%), while exports were 44,507 units (up 0.7%) [11]. - From January to November 2025, a total of 1,340,405 forklifts were sold, marking a year-on-year increase of 14.2%. Domestic sales were 843,005 units (up 14.3%), and exports were 497,400 units (up 14%) [11]. Roller Market Overview - In November 2025, 1,392 rollers were sold, showing a year-on-year increase of 39.3%. Domestic sales were 427 units (up 23.1%), and exports were 965 units (up 48%) [12]. - Cumulatively, from January to November 2025, 16,118 rollers were sold, reflecting a year-on-year increase of 23%. Domestic sales were 6,024 units (up 17.4%), while exports were 10,094 units (up 26.5%) [12]. Paver Market Overview - In November 2025, 79 pavers were sold, indicating a year-on-year decline of 11.2%. Domestic sales were 62 units (up 14.8%), while exports were 17 units (down 51.4%) [13]. - From January to November 2025, a total of 1,431 pavers were sold, marking a year-on-year increase of 27.9%. Domestic sales were 1,023 units (up 38.1%), and exports were 408 units (up 7.94%) [14]. Aerial Work Platform Market Overview - In November 2025, 9,824 aerial work platforms were sold, reflecting a year-on-year decline of 22.4%. Domestic sales were 4,416 units (up 20.7%), while exports were 5,048 units (down 39.9%) [15]. - From January to November 2025, a total of 150,845 aerial work platforms were sold, indicating a year-on-year decline of 30.1%. Domestic sales were 59,440 units (down 43.4%), and exports were 91,405 units (down 17.5%) [15]. High-altitude Work Vehicle Market Overview - In November 2025, 422 high-altitude work vehicles were sold, showing a year-on-year decline of 6.01%. Domestic sales were 387 units (down 10.8%), while exports were 35 units (up 133%) [16]. - From January to November 2025, a total of 4,562 high-altitude work vehicles were sold, marking a year-on-year increase of 32%. Domestic sales were 4,351 units (up 31.3%), and exports were 211 units (up 50.7%) [16].

智通财经APP获悉，据中国工程机械工业协会对平地机主要制造企业统计，2025年11月当月销售各类平 地机650台，同比增长24%，其中国内销量111台，同比增长24.7%；出口量539台，同比增长23.9%。 2025年1—11月，共销售平地机7568台，同比增长7.79%；其中国内销量1335台，同比增长29.5%；出口 6233台，同比增长4.06%。 据中国工程机械工业协会对汽车起重机主要制造企业统计，2025年11月当月销售各类汽车起重机1536 台，同比增长16.6%，其中国内销量780台，同比增长25.8%；出口量756台，同比增长8.46%。 2025年1—11月，共销售汽车起重机18063台，同比下降1.38%；其中国内销量9773台，同比下降 1.02%；出口8290台，同比下降1.8%。 据中国工程机械工业协会对履带起重机主要制造企业统计，2025年11月当月销售各类履带起重机329 台，同比增长66.2%，其中国内销量109台，同比增长102%；出口量220台，同比增长52.8%。 2025年1—11月，共销售履带起重机3030台，同比增长26.5%；其中国内销量960台，同比增长27. ...

Core Insights - The article highlights the launch of a joint initiative by 15 leading companies, including Zoomlion, to create a new paradigm in intelligent manufacturing, emphasizing the importance of shared manufacturing and digital transformation [1][2] Group 1: Intelligent Manufacturing Paradigm - The leading-level intelligent factories represent the pinnacle of China's intelligent manufacturing cultivation system, focusing on digital transformation and intelligent innovation [2] - Zoomlion is recognized as one of the first companies in China to be included in the national list of leading intelligent factories, showcasing its advanced capabilities in intelligent manufacturing [2][3] Group 2: Shared Manufacturing Model - The shared manufacturing model is a key feature of Zoomlion's excavator manufacturing facility, addressing the global challenge of producing heavy equipment in small batches [3] - The facility has achieved three global firsts: full-process intelligent manufacturing for six core manufacturing stages, efficient shared mixed-flow production for over 70 excavator models, and cross-product collaborative manufacturing [3][4] Group 3: Manufacturing Efficiency - The intelligent manufacturing facility boasts an application rate of over 80% for artificial intelligence technologies, enabling self-organization and optimization of production resources [4] - The production cycle for an excavator has been reduced to just 6.5 days, with an output rate of one excavator every six minutes, setting new benchmarks in the industry [4] Group 4: Global Impact and Future Directions - Zoomlion's intelligent manufacturing solutions have been replicated in over 20 factories worldwide, promoting collaborative innovation across the global supply chain [4] - The company aims to integrate next-generation AI and robotics into the entire manufacturing process, continuously improving its solutions and promoting them globally [4]