第1笔成交价格为76.25元，成交4.30万股，成交金额327.88万元，溢价率为0.00%，买方营业部为中信证 券股份有限公司总部(非营业场所)，卖方营业部为中信建投证券股份有限公司北京望京证券营业部。 进一步统计，近3个月内该股累计发生2笔大宗交易，合计成交金额为539.44万元。该股近5个交易日累 计下跌8.79%，主力资金合计净流出8346.76万元。 责任编辑：小浪快报 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 12月22日，伟创电气收跌3.04%，收盘价为76.25元，发生1笔大宗交易，合计成交量4.3万股，成交金额 327.88万元。 ...

Group 1: Market Trends and Investment Opportunities - Recent preparations by professional investors for year-end market trends have been noted, with public funds conducting intensive research on companies such as Zhongke Shuguang, Haiguang Information, Luxshare Precision, Changan Automobile, and others, primarily in the manufacturing sector [1] - Institutions believe that the recent market adjustment will provide better investment opportunities for the upcoming year, with structural market trends making certain underperforming sectors more attractive [1] - Analysts from Penghua Fund and Xingzheng Global Fund express optimism about advanced manufacturing, cyclical stocks, and high-performing non-bank stocks, indicating that the upward market trend remains intact despite short-term fluctuations [1] Group 2: Sector-Specific Insights - The lithium battery industry is expected to maintain high demand due to the growth in electric vehicle sales and unexpected storage needs, leading to improved profitability across the supply chain [2] - The innovative drug sector in Hong Kong remains a focus for institutions, with a positive outlook on the industry’s fundamentals and the ongoing trend of innovative drugs going global, which is expected to enhance the upstream supply chain's performance [2] - The commercial aerospace and satellite industry is transitioning from speculative hype to a fundamentals-driven phase, with investment opportunities emerging across the supply chain, particularly in rocket and satellite manufacturing and related applications [3]

从资金流向上来看，当日自动化设备板块主力资金净流出3.94亿元，游资资金净流入1.2亿元，散户资金 净流入2.74亿元。自动化设备板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 证券之星消息，12月18日自动化设备板块较上一交易日下跌0.9%，伟创电气领跌。当日上证指数报收 于3876.37，上涨0.16%。深证成指报收于13053.98，下跌1.29%。自动化设备板块个股涨跌见下表： ...

Investment Rating - The report maintains a "Recommended" rating for the machinery industry, indicating a positive outlook for investment opportunities in this sector [7]. Core Insights - The central economic meeting has set a favorable tone for the engineering machinery sector, with expectations of increased domestic demand driven by major infrastructure projects over the next 5-10 years [7]. - The nuclear fusion sector is entering an acceleration phase, with numerous project announcements expected to speed up industrialization [7]. - The report emphasizes the importance of AI and robotics in driving the next cycle of manufacturing, suggesting a shift in investment focus towards companies that can leverage these technologies [22][23]. Summary by Sections Industry Investment Rating - The machinery industry is rated as "Recommended," reflecting confidence in its recovery and growth potential [7]. Key Company Earnings Forecasts and Valuations - Several companies are highlighted with strong buy ratings, including: - 汇川技术 (Inovance Technology) with a projected EPS growth from 2.11 to 3.00 from 2025E to 2027E, and a PE ratio decreasing from 35.04 to 24.64 [2]. - 法兰泰克 (Falan Tech) with a strong buy rating and projected EPS growth from 0.60 to 0.94 [2]. - 信捷电气 (Xinjie Electric) with a strong buy rating and projected EPS growth from 1.83 to 2.78 [2]. - 欧科亿 (Okai) with a strong buy rating and projected EPS growth from 0.71 to 1.25 [2]. - 兰剑智能 (Lanjian Intelligent) with a strong buy rating and projected EPS growth from 1.50 to 2.53 [2]. Industry and Company Investment Views - The machinery industry is expected to benefit from macroeconomic policies and increased domestic demand, particularly in engineering machinery and nuclear fusion sectors [7][22]. - The report suggests focusing on companies involved in AI, robotics, and solid-state batteries, as these areas are poised for significant growth [22][24][25]. - The engineering machinery sector is anticipated to see a rebound due to ongoing infrastructure projects and a global recovery in demand [27]. Key Data Tracking - The report provides insights into the overall market performance, with the machinery sector showing a 1.3% increase in the recent week, outperforming major indices [11][12]. - The total market capitalization of the machinery industry is reported at approximately 64,548.73 billion yuan, with 634 listed companies [3].

2025 年 12 月 15 日 总量研究 交易信心有所提振，后市仍将震荡上行 ——金融工程市场跟踪周报 20251215 要点 本周市场核心观点与市场复盘： 本周（2025.12.08-2025.12.12，下同）A 股震荡上行，市场量能有所提振。截 至周五（2025.12.12，下同），主要宽基指数量能择时指标均转为看多信号。沪 深 300、中证 500 指数时序波动率、横截面波动率均有提升，Alpha 环境好转。 资金面方面，融资增加额环比提升，资金交易情绪积极。 12 月中央经济工作会议进一步提振市场信心，资金面叠加情绪指标改善下，市 场或进一步震荡上行。风格方面，本周市场大市值风格显著、基本面因子表现相 对占优，市场或逐步实现资金面驱动向基本面驱动的过渡。中长线持续看好"红 利+科技"配置主线。 本周上证综指下跌 0.34%，上证 50 下跌 0.25%，沪深 300 下跌 0.08%，中证 500 上涨 1.01%，中证 1000 上涨 0.39%，创业板指上涨 2.74%，北证 50 指数 上涨 2.79%。 截至 2025 年 12 月 12 日，宽基指数来看，上证指数和上证 50 指数处于估 ...

Summary of Conference Call Records Industry Overview - The engineering machinery industry is entering its third cycle, expected to start in September 2024 and last for five years, currently in its first year. The market is benefiting from the second-hand machinery and mining excavator sectors, with an anticipated valuation switch next year leading to a 25%-30% return. Leading blue-chip stocks are expected to show strong certainty, while low-valuation stocks have greater elasticity [1][3] Key Insights and Arguments - In 2025, the shipbuilding sector's new order volume is projected to decline by 45% year-on-year, but falling steel prices are reducing shipyard costs, thereby enhancing profitability. Global ship delivery capacity is approximately 120 million deadweight tons, aligning well with order volumes, indicating a positive outlook for the sector. Some private enterprises have already reported performance improvements [1][5] - The offshore engineering sector is benefiting from US dollar interest rate cuts, which are expected to ease high-debt projects. The rising industry sentiment is creating opportunities for replenishment [1][5] - The cyclical sector is viewed more optimistically compared to the growth sector, which has seen significant valuation increases. The company maintains that growth remains a core theme while being more positive about the cyclical sector [2][3] Additional Important Content - The cyclical sector's certainty is lower than that of engineering machinery and shipbuilding, with unclear domestic market conditions. However, companies related to humanoid robots are experiencing high valuations. The potential for valuation increases in low-positioned stocks is significant, but their ability to sustain current valuations depends on the progress of humanoid robot market dynamics and overall recovery [1][6] - The AI industry chain, particularly humanoid robots, is a key focus area. Breakthroughs in self-iterative data capabilities could lead to a significant advancement in human-machine interfaces. Other vertical applications such as smart sewing machines, smart welding, unmanned agricultural machinery, and mining trucks, as well as data centers and computing power centers, are also clear beneficiaries. The AI industry chain continues to accelerate without visible ceilings [1][7] Recommended Stocks - In the engineering machinery sector, recommended stocks include SANY Heavy Industry, XCMG, Zoomlion, LiuGong, and Hengli Hydraulic. For beneficiaries of US dollar interest rate cuts, China International Marine Containers (CIMC) is recommended. In the AI vertical application space, Czech Aviation is highlighted, while in the humanoid robot sector, Weichuang Electric and Hengli are recommended. Additionally, companies in the photovoltaic lithium battery sector such as Aotewi and New Navigation are included [1][8]

Group 1 - The core viewpoint of the news is that Weichuang Electric is actively advancing its "one core and two new" strategic layout, particularly in the robotics sector, and has made significant progress with new product launches [1][2] - Weichuang Electric's latest stock price is 87.31 yuan, down 2.69 yuan or 2.99% from the previous trading day, with a total market capitalization of 18.666 billion yuan [1] - The company has received recognition for its quality in the mobile robotics supply chain, awarded by the Mobile Robotics Industry Alliance [1] Group 2 - In the shipbuilding and offshore engineering sector, Weichuang Electric's AC800 and AC310-Pro series inverters have obtained type approval from the China Classification Society, with products covering various applications including electric propulsion and hybrid power systems [2] - The company is expanding its overseas market presence, focusing on regions such as Asia, Africa, and Latin America, and has established a subsidiary in Italy [2] - As of September 30, 2025, Weichuang Electric had 9,910 shareholders, with an average holding value of 1.8836 million yuan and an average holding quantity of 21,600 shares [2]

Group 1: Engineering Machinery - Domestic demand for excavators is expected to recover to around 120,000 units in 2025, with a year-on-year increase of 19.6% in the first ten months of 2025 [1][15] - The export of excavators reached 93,800 units in the first ten months of 2025, showing a year-on-year increase of 14.4%, with an expected annual growth rate of around 15% [1][29] - The recovery in domestic demand is primarily driven by small excavators, reflecting increased demand for machinery in rural and small-scale water conservancy projects [15][20] Group 2: Shipbuilding and Offshore Engineering - The global shipbuilding industry saw a decline in new orders, with a total of 9,483.31 million deadweight tons in the first ten months of 2025, down 44.67% year-on-year [2] - The shipbuilding price index has shown a general decline, but there is a recovery in orders for bulk carriers and oil tankers in October 2025 [2] - The upcoming replacement cycle in shipbuilding, combined with tightening global environmental policies, is expected to drive a new round of demand growth [2] Group 3: Cyclical Industries - The cyclical sector is showing signs of recovery in 2025, supported by low baselines and the expansion into new industries [3] - The industrial control market is rebounding, with a notable increase in the OEM market, while project-based markets are showing weaker performance [3] - The industrial robot market is expected to grow by over 10% year-on-year in 2025, indicating a sustained recovery [3] Group 4: AI and Robotics - The AI sector is driving significant changes in various industries, with a focus on humanoid robots, data center equipment, and vertical applications [4] - The demand for data center backup power sources is increasing due to global capacity shortages, with domestic alternatives expected to accelerate [4] - The introduction of humanoid robots is becoming a reality, with significant production plans announced by companies like Tesla for 2026 [4] Group 5: Investment Recommendations - The report recommends focusing on the engineering machinery sector, particularly companies like SANY Heavy Industry, XCMG, and LiuGong, which are expected to benefit from domestic and international demand [5][9] - In the shipbuilding and offshore engineering sector, China International Marine Containers (CIMC) is highlighted as a potential beneficiary of the recovery [5][9] - The AI and robotics sector presents investment opportunities in companies like Weichuang Electric and Jack Technology, which are positioned to benefit from the ongoing industrial transformation [5][9]

Group 1 - The PLC concept sector led the market with an increase of 1.63% [1] - In this sector, Huichuan Technology rose by 3.16% [1] - Weichuang Electric increased by 3.12% [1] - Haide Control saw a modest rise of 0.37% [1]

Group 1 - The synchronous reluctance motor sector experienced an increase of 1.76% [1] - Furi Shares saw a significant rise of 10.01% [1] - Weichuang Electric increased by 5.3% [1] - Wolong Electric Drive had a modest increase of 0.25% [1]