智通财经APP获悉，2月24日，乘联分会秘书长崔东树发文介绍全国商用车国内保险特征—2026年1月。根据国家金融局交强险数据，国内商用车交强险数 据的2025年商用车强势增长。由于新能源车强势增长和报废更新政策促进车辆更新，2025年新能源商用车整体呈现快速拉升的良好局面。今年商用车1月 增长较强，1月商用车国内销量实现20万台，同比增19%，环比降34%，今年创出近几年1月新高的良好水平。 在2025年末政策翘尾后，2026年1月份新能源商用车达到5万台，同比增长63%，环比下降64%.依旧保持良好走势。 从2019-2021年，整个新能源商用车的渗透率在3%左右水平，2022年达到9%，2023年达到11%，2024年全年达到20%，2025年就达到渗透率29%的良好水 平，体现了新能源商用车强势增长良好态势。2026年1月商用车新能源渗透率26%， 较同期增长7个点，相对较强。 26年1月的卡车新能源渗透率21%，客车新能源渗透率54%，较同期均有大幅提升。其中重卡达到34%、轻卡达到20%，高油耗高税收的物流车型新能源渗 透率提升较大。重卡电动化带来储能效果的体现，有效稳定了电网的用电负荷。 1、 全 ...

智通财经APP讯，庆铃汽车股份(01122)公布，于2026年2月16日，公司、融资租赁公司(重庆市交通设备 融资租赁有限公司)及经销商(武汉鑫祥安达物流有限责任公司)订立了一份回购协议。本次回购标的为5 辆新能源车辆及对应租赁债权，预计最高回购价款不超102.88万元，租赁物账面价值约102.88万元，公 司将以自有资金支付相关款项。 经考虑到公司根据回购协议提供的回购义务为汽车行业融资租赁业务中普遍采用的一种保证措施，有利 于拉动公司新能源车辆销量，以及扩大公司新能源车辆的销售规模及市场份额;公司有权通过车联网等 技术手段监控租赁物，减低租赁物毁损灭失以及经销商不向公司交还相应租赁物的风险，且公司仍然有 权要求经销商按现状购买租赁物;公司会建立车辆运行数位化监管平台，对租赁物资产完好率、出租 率、使用效率、货款回收等进行监控，并与融资租赁公司进行资料共用;公司会拓展二手车转租或销售 业务，以及车辆整备及再制造等后市场业务，有助促进公司拓展二手车业务及增加收益;经销商根据回 购协议须向公司缴纳回购保证金及履约保证金，以抵扣经销商应向本公司支付的任何差额款项;及公司 能够提前全额收取销售资金，致使集团的资金流 ...

Core Viewpoint - The company has entered into a repurchase agreement for five new energy vehicles, which is expected to enhance sales and market share in the new energy vehicle sector [1][2]. Group 1: Repurchase Agreement Details - The repurchase agreement involves a maximum repurchase price of 1.0288 million yuan, with the book value of the leased assets also approximately 1.0288 million yuan [1]. - The company will utilize its own funds to pay the related amounts under the repurchase agreement [1]. Group 2: Strategic Implications - The repurchase obligation is a common guarantee measure in the automotive financing leasing business, which is beneficial for driving sales of new energy vehicles [2]. - The company can monitor the leased assets through vehicle networking technology, reducing risks associated with asset damage and non-return by dealers [2]. - A digital monitoring platform will be established to oversee asset integrity, rental rates, usage efficiency, and payment recovery, facilitating data sharing with the financing leasing company [2]. Group 3: Financial and Operational Benefits - The agreement allows the company to expand its used car leasing or sales business, as well as after-market services such as vehicle refurbishment, which will help increase revenue [2]. - Dealers are required to pay a repurchase deposit and performance guarantee to offset any amounts owed to the company, enhancing financial liquidity and flexibility [2]. - The terms of the repurchase agreement, including deposits and repurchase price, are deemed fair and reasonable, aligning with the overall interests of the company and its shareholders [2].

董 事 會 謹 此 宣 佈，於 二 零 二 六 年 二 月 十 六 日，本 公 司、融 資 租 賃 公 司 及 經 銷 商 訂 立 了 一 份 回 購 協 議。 香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 （在中華人民共和國註冊成立之中外合資股份有限公司） （股份代號：1122） 須予披露交易 訂立回購協議 回購協議 茲 提 述（1）本 公 司 日 期 為 二 零 二 四 年 十 二 月 三 十 一 日 之 公 告，內 容 有 關 本 公 司 與 重慶鈊渝金融租賃股份有限公司及 重慶瀧運達新能源有限公司 訂立瀧運達回購 協 議；（2）本 公 司 日 期 為 二 零 二 五 年 四 月 三 十 日 之 自願性 公 告，內 容 有 關 本 公 司 與 融 資 租 賃 公 ...

Core Viewpoint - In 2025, the "Light Truck First Influence Index" for nine major domestic light truck brands showed a total score of 17,701, a decrease of 7.3% compared to 2024, primarily due to the reduction in the number of companies from ten to nine, while the average score still indicated growth [1][4]. Group 1: Brand Rankings and Scores - Jianghuai 1 Card ranked first with a score of 3,861, holding a significant lead with a score share of 21.81% [2][6]. - Dongfeng Light Truck ranked second with a score of 2,727, improving its position by one rank and increasing its score share by 2.82 percentage points to 15.41% [14][15]. - Jiefang Light Truck ranked third with a score of 2,660, achieving a score share of 15.03%, an increase of 2.18 percentage points from the previous year [17]. - China National Heavy Duty Truck HOWO ranked fourth with a score of 2,291, also moving up one position with a score share of 12.94%, an increase of 1.24 percentage points [19]. - Remote Light Commercial Vehicle entered the top five for the first time with a score of 1,720, achieving a score share of 9.72% [22][25]. - Qingling Light Truck ranked sixth with a score of 1,421, improving its rank by two positions with a score share of 8.03% [27]. - Foton Aoling ranked seventh with a score of 1,334, showing a slight increase in score share to 7.54% [31]. - Jiangling Light Truck ranked eighth with a score of 1,104, achieving a score share of 6.24% [31]. - Yutong Light Truck ranked ninth with a score of 583, with a score share of 3.29% [33]. Group 2: Key Events and Innovations - Jianghuai 1 Card launched several new products in 2025, including the Kunkun ET9, showcasing its strong R&D capabilities [10][12]. - Dongfeng Light Truck held a global new product and technology promotion conference, launching new strategic vehicles and enhancing its service brand [16][17]. - Jiefang Light Truck focused on customer rewards and launched several promotional activities, including a significant order of 500 electric light trucks [17][20]. - China National Heavy Duty Truck HOWO introduced new products and held a "Energy-saving King" challenge to promote its light trucks [19][20]. - Remote Light Commercial Vehicle emphasized its "alcohol-hydrogen + electric" technology and launched multiple new products, securing significant orders [22][25]. - Qingling Light Truck hosted an innovation development conference and launched several new products, focusing on multi-technology paths [27][29].

| 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 內資股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,243,616,403 | RMB | | 1 RMB | | 1,243,616,403 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 1,243,616,403 | RMB | | 1 RMB | | 1,243,616,403 | 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 2. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

Core Viewpoint - In December 2025, China's new energy heavy truck sales reached a record high, totaling 231,100 units for the year, representing a year-on-year growth of 182% [1] Group 1: Overall Market Performance - In December 2025, domestic new energy heavy trucks sold 45,300 units, a year-on-year increase of 198%, with pure electric, fuel cell, and hybrid models selling 40,800 units, 4,202 units, and 284 units respectively [2] - The sales growth for fuel cell and hybrid heavy trucks significantly outpaced the overall market, with fuel cell trucks experiencing a year-on-year growth of 623% and hybrid trucks 209% [2][4] - The market for fuel cell and hybrid heavy trucks showed a notable increase in December, with fuel cell trucks accounting for 9.28% of the market share, while hybrid trucks remained low at 0.63% [5] Group 2: Fuel Cell Heavy Truck Performance - In December 2025, fuel cell heavy trucks sold 4,202 units, with a month-on-month growth of 610% and a year-on-year growth of 623%, marking a significant surge in both sales and growth rate [8] - Dongfeng led the sales with 1,592 units, capturing a market share of 37.9%, followed by Yutong and Sinotruk with 625 and 463 units respectively [10] - The competition for monthly sales champions in the fuel cell heavy truck market was intense, with Dongfeng securing the year-end sales champion after consistently leading since September [12] Group 3: Yearly Performance and Market Share - In 2025, the fuel cell heavy truck market saw a total sales volume of 7,282 units, a year-on-year increase of 64%, with significant growth from companies like Sinotruk and GAC, which saw increases of 3,294% and 16,650% respectively [14][17] - Dongfeng achieved the highest annual sales with 2,563 units, capturing a market share of 35.2%, an increase of 19.7 percentage points from 2024 [17] - The market dynamics showed a pattern of fluctuations throughout the year, with a total of five monthly champions emerging, indicating a highly competitive environment [17]

Group 1 - The core point of the article highlights that Qingling Motors (01122.HK) experienced a significant increase in stock price, rising over 7% at one point and closing with a gain of 6.56% at HKD 1.3 [1] - The trading volume for Qingling Motors reached HKD 12.4236 million, indicating active market interest [1]

Core Viewpoint - Celebrating a significant rise in stock price, Qingling Motors (01122) is positioned to benefit from the Chongqing government's strategic manufacturing and technology initiatives, particularly the "33618" plan and the "6213" action plan, which includes substantial investment commitments [1] Group 1: Company Overview - Qingling Motors is a commercial vehicle leader controlled by the Chongqing State-owned Assets Supervision and Administration Commission, holding 50.1% of the shares [1] - The company is expected to play a crucial role in Chongqing's strategic development, focusing on intelligent connected new energy vehicles, next-generation electronic information manufacturing, and advanced materials [1] Group 2: Investment and Financial Outlook - The Chongqing Yufu Holding Group announced an intention to invest nearly 40 billion yuan in the first batch of 70 projects over the next five years as part of the "6213" action plan [1] - According to Guoyuan International's report, Qingling Motors is likely to achieve significant loss reduction or even profitability by 2025, contingent on the successful sales and profitability of new products [1] - The company's valuation is expected to increase once new products reach scale sales and generate positive profits [1]

Core Viewpoint - Celebrating Automotive Holdings (01122) has seen a significant increase in stock price, rising over 7% in the afternoon trading session, attributed to the announcement of a major investment plan in Chongqing [1] Group 1: Company Overview - Celebrating Automotive Holdings is controlled by the Chongqing State-owned Assets Supervision and Administration Commission, holding 50.1% of the shares [1] - The company is recognized as a leading player in the commercial vehicle segment, benefiting from the Chongqing "33618" planning initiative [1] Group 2: Investment and Growth Potential - The Chongqing Yufu Holding Group announced a "6213" action plan, which includes 70 initial reserve projects with an intended investment of nearly 40 billion yuan over the next five years [1] - The company is expected to play a crucial role in Chongqing's strategic development, particularly in the areas of intelligent connected new energy vehicles, next-generation electronic information manufacturing, and advanced materials [1] - According to Guoyuan International's report, the company is likely to achieve significant loss reduction or even profitability by 2025, contingent on the successful scaling and profitability of new products [1]