本文源自：金融界AI电报 港股重型机械股拉升，其中，中国重汽盘中涨超7%再度刷新历史新高，中联重科涨约7%同样刷新阶段 新高，中国龙工涨近5%，三一国际涨3.3%，森松国际涨近2%。 ...

未来随着内销市场回暖、海外出口增长及成本费用管控优化，中国重汽业绩有望保持高速增长，叠加板块景气度回升带动估值扩张，具备明确的业绩与估 值"双击"机会。在多重增长引擎的共同发力下，中国重汽的长期发展前景备受市场期待。 消息上，2025年，中国商用车行业迎来了一个里程碑——中国重汽以重卡销量突破30万辆的卓越成绩，首次代表中国品牌跃居全球销量榜首。意味着企业连 续四年稳居国内行业第一。这一年，中国重汽交出了一份全面的成绩单。整车销量预计达45万辆，同比增长25%。 在国内市场，重卡销量预计达15万辆，同比增长33%；新能源领域更是呈现爆发式增长，新能源重卡、轻卡销量预计分别同比增长230%和390%，在多个细 分市场保持领先。海外市场方面，重卡出口超过15万辆，同比增长11%，连续21年保持中国重卡出口首位。9月份单月出口突破1.5万辆，创下新的历史纪 录。企业还积极拓宽出口品类，后市场配件出口销售收入同比增长53%。 中国重汽(3808.HK)盘中一度涨超7%，最高报38.36港元刷新上市新高价，总市值一度站上1050亿港元上方。 ...

Core Viewpoint - The engineering machinery sector continues to experience upward momentum, with significant increases in stock prices for major companies and a positive outlook for export growth in 2025 [1] Group 1: Stock Performance - Major engineering machinery stocks have shown notable gains, with Zoomlion (000157) up 5.37% to HKD 9.03, China Longgong (03339) up 3.83% to HKD 3.25, Sany International (00631) up 2.38% to HKD 12.03, and China National Heavy Duty Truck (000951) up 2.02% to HKD 36.44 [1] Group 2: Trade Data - According to the General Administration of Customs, the total import and export trade value of China's engineering machinery is projected to reach USD 62.743 billion in 2025, reflecting a year-on-year increase of 13.2% [1] - The import value is expected to be USD 2.575 billion, showing a slight decline of 0.63% year-on-year, while the export value is anticipated to be USD 60.169 billion, marking a year-on-year growth of 13.8% [1] Group 3: Market Outlook - Excavators remain the primary export product in the engineering machinery sector, maintaining a favorable market condition [1] - Bohai Securities reports that with the gradual implementation of key projects and the continuation of large-scale equipment renewal policies, the market for engineering machinery is experiencing a sustained recovery [1] - For the full year of 2025, excavator sales are projected to reach 235,300 units, representing a year-on-year increase of 17% [1] - Domestic leading manufacturers in the engineering machinery sector are increasingly expanding into overseas markets, leveraging strong competitiveness in technology maturity and product cost-performance [1]

Group 1 - The heavy machinery stocks in Hong Kong have seen significant gains, with China National Heavy Duty Truck Group rising over 7% to reach a new historical high, and Zoomlion Heavy Industry increasing by approximately 7%, also hitting a new high [1] - The Chinese engineering machinery industry is undergoing a critical transformation from scale expansion to quality and efficiency improvement, with a continuously expanding market size and accelerated technological iteration [1] - The demand for core products such as excavators, cranes, and concrete machinery is being driven by the completion of major projects from the 14th Five-Year Plan and the initiation of projects under the 15th Five-Year Plan, along with policies like urban village renovation and new urbanization [1] Group 2 - The demand for engineering machinery in regions is surging due to projects like the Sichuan-Tibet Railway and the expansion of ports in the upper reaches of the Yangtze River, which are part of the Western Development strategy [1] - The procurement of intelligent equipment is significantly increasing, and the rise of green infrastructure and new energy projects is creating market opportunities for specialized engineering machinery such as wind power installation machines and photovoltaic bracket equipment [1]

Industry Overview - The Chinese engineering machinery industry is undergoing a critical transformation from scale expansion to quality and efficiency improvement, with a continuously expanding market size and accelerated technological iteration [1] - The demand for core products such as excavators, cranes, and concrete machinery is being driven by the completion of major projects from the "14th Five-Year Plan" and the initiation of projects under the "15th Five-Year Plan," along with policies like urban village renovation and new urbanization [1] Market Performance - Heavy machinery stocks in the Hong Kong market have seen significant gains, with China National Heavy Duty Truck Corporation (中国重汽) rising over 7% to reach a new historical high, Zoomlion (中联重科) increasing by approximately 7%, and China Longgong (中国龙工) up nearly 5% [2] - Other notable performers include Sany International (三一国际) with a 3.3% increase and Senson International (森松国际) rising by nearly 2% [2] Demand Drivers - The Western Development Strategy, including projects like the Sichuan-Tibet Railway and the expansion of ports in the upper reaches of the Yangtze River, has led to a surge in regional demand for engineering machinery [1] - The rise of green infrastructure and new energy projects is creating additional market opportunities for specialized engineering machinery, such as wind power installation machines and photovoltaic bracket equipment [1]

中国重汽(03808.HK)涨7.39%，报38.3600港元，股价创历史新高，总市值1059.12亿港元。 ...

（记者 曾健辉） 每经AI快讯，中国重汽发布公告称，2026年2月2日13:30-14:30，中国重汽接受西南证券等投资者调研， 公司董事会秘书张欣，公司IR何炳易参与接待，并回答了投资者提出的问题。 每经头条（nbdtoutiao）——曾卖劳斯莱斯、保时捷等豪车，汽车销售巨头宝利德如今破产清算：杭州 总部已人去楼空，义乌子公司贴上了封条 ...

南财智讯2月2日电，中国重汽在投资者关系活动中表示，公司生产经营情况良好，且在手订单较为充 裕。通过持续提升产品竞争力和积极有效的市场拓展，公司市场份额继续位居重卡行业前列。 ...

证券代码：000951 证券简称：中国重汽 中国重汽集团济南卡车股份有限公司 投资者关系活动记录表 编号：20260202 | 投资者关系活动 | ■特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 □业绩说明会 | | | □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 | 西南证券 郑连生、戴剑箫 | | 及人员姓名 | 富国基金 曹文俊、冯升、吴一静 | | 时 间 | 2026 年 2 月 2 日 13:30-14:30 | | 地 点 | 公司会议室 | | 上市公司 | 董事会秘书 张 欣 | | 接待人员姓名 | 公司 IR 何炳易 | | | 公司董事会秘书张欣女士简要介绍了公司情况，并就投 | | | 资者关心的问题进行了沟通和交流。主要内容如下： | | | 1、公司近期的生产经营及产销情况如何？ | | 投资者关系活动 | 根据第一商用车网数据，2025 年我国重卡市场总销量 | | 主要内容介绍 | 114.5 万辆，同比增长 27%。公司在 2025 年总体产销情况较 | | | ...

Core Viewpoint - The commercial vehicle sector experienced a decline of 2.31% on February 2, with Jianghuai Automobile leading the drop, while the Shanghai Composite Index fell by 2.48% and the Shenzhen Component Index decreased by 2.69% [1] Group 1: Market Performance - The closing price of Jianghuai Automobile was 52.51, down by 4.00%, with a trading volume of 489,500 shares and a transaction value of 2.61 billion [2] - The commercial vehicle sector saw a net outflow of 182 million in main funds, while retail investors contributed a net inflow of 40.3 million [2][3] - Key stocks in the commercial vehicle sector showed varied performance, with Jinlong Automobile increasing by 3.99% to a closing price of 17.22, while other companies like China National Heavy Duty Truck and FAW Jiefang saw declines of 2.01% and 2.31% respectively [1][2] Group 2: Fund Flow Analysis - Main funds showed a net inflow of 23.30 million into Jinlong Automobile, while there was a significant outflow from China National Heavy Duty Truck amounting to 20.77 million [3] - Retail investors had a net inflow of 211.62 million into Jinlong Automobile, contrasting with outflows from other companies like Ankai Bus and Dongfeng Motor [3] - The overall sentiment in the commercial vehicle sector indicates a mixed response from different types of investors, with main funds generally withdrawing while retail investors showed some interest [2][3]