Core Viewpoint - CIMC Vehicles has seen a stock price increase of 6.84% over the past four days, closing at 9.68 CNY per share with a market capitalization of 18.142 billion CNY [1] Company Overview - CIMC Vehicles (Group) Co., Ltd. was established on August 29, 1996, and listed on July 8, 2021. The company is located in Wan Chai, Hong Kong, and its main business includes the production of semi-trailers, special vehicles, and refrigerated truck bodies [1] - The revenue composition of CIMC Vehicles is as follows: 80.61% from global semi-trailers, 17.14% from superstructures, chassis, and tractors, and 2.25% from other sources [1] Shareholder Analysis - The largest shareholder among the top ten circulating shareholders is Dazhong Fund, which increased its holdings in CIMC Vehicles by 5.286 million shares in Q2, bringing its total to 30.0867 million shares, representing 1.61% of circulating shares [2] - Dazhong Fund's Dazhong Gaoxin Stock A (000628) has generated a floating profit of approximately 6.9199 million CNY today and 18.6537 million CNY over the four-day increase [2] - Dazhong Gaoxin Stock A has a total asset size of 12.34 billion CNY and has achieved a year-to-date return of 13.08% [2] Fund Holdings - Four funds under Dazhong Fund hold a total of 9.7308 million shares of CIMC Vehicles, with a floating profit of 2.2381 million CNY today and 6.0331 million CNY over the four-day increase [3] - Dazhong Chuangye Board Two-Year Open Mixed A (160926) reduced its holdings by 2.0568 million shares in Q2, now holding 3.3735 million shares, representing 4.6% of the fund's net value [3] - Dazhong Growth Return Six-Month Holding Mixed A (012473) and Dazhong Innovation Trend Mixed A (012184) also reduced their holdings in Q2, with floating profits of approximately 569,500 CNY and 478,700 CNY respectively today [4]

Group 1 - The core viewpoint of the news is that CIMC Vehicles has experienced a significant stock price increase, with a 6.84% rise over four consecutive days, reaching a price of 9.68 yuan per share and a market capitalization of 18.142 billion yuan [1] - CIMC Vehicles specializes in the production of semi-trailers, special vehicle superstructures, and refrigerated truck bodies, with 80.61% of its revenue coming from global semi-trailers [1] - The company was established on August 29, 1996, and went public on July 8, 2021, with its headquarters located in Hong Kong and a significant operational presence in Shenzhen, Guangdong Province [1] Group 2 - The Taixin Fund has a significant holding in CIMC Vehicles, with its Taixin Smart Growth Flexible Allocation Mixed A Fund being the largest shareholder, holding 179,000 shares, which accounts for 3.79% of the fund's net value [2] - The fund has generated a floating profit of approximately 41,200 yuan today and a total of 111,000 yuan during the four-day price increase [2] - The fund manager, Qian Dongbiao, has been in position for 36 days, with the fund's total asset size at 38.3531 million yuan and a performance range of 0.24% to 0.26% during his tenure [2]

Market Overview - The commercial vehicle sector increased by 0.8% on September 9, with CIMC Vehicles leading the gains [1] - The Shanghai Composite Index closed at 3807.29, down 0.51%, while the Shenzhen Component Index closed at 12510.6, down 1.23% [1] Stock Performance - CIMC Vehicles (301039) closed at 9.68, up 2.43% with a trading volume of 328,000 shares and a turnover of 315 million yuan [1] - Foton Motor (600166) closed at 2.87, up 2.14% with a trading volume of 1,922,600 shares and a turnover of 549 million yuan [1] - JAC Motors (600418) closed at 54.29, up 1.76% with a trading volume of 1,061,500 shares and a turnover of 584.5 million yuan [1] - Other notable performances include Hanma Technology (600375) up 1.03% and China National Heavy Duty Truck Group (000951) up 0.67% [1] Capital Flow - The commercial vehicle sector saw a net inflow of 245 million yuan from institutional investors, while retail investors experienced a net inflow of 26.07 million yuan [2][3] - Notably, speculative funds had a net outflow of 271 million yuan [2] Individual Stock Capital Flow - JAC Motors (600418) had a net inflow of 268 million yuan from institutional investors, but a net outflow of 26.1 million yuan from speculative funds [3] - Zhongtong Bus (000957) experienced a net inflow of 26.38 million yuan from institutional investors, with a net outflow of 14.12 million yuan from speculative funds [3] - CIMC Vehicles (301039) had a net inflow of 17.94 million yuan from institutional investors, while speculative funds saw a net outflow of 19.16 million yuan [3]

Group 1 - The core point of the news is that CIMC Vehicles has seen a stock price increase of 2.43% on September 9, reaching 9.68 CNY per share, with a total market capitalization of 18.142 billion CNY and a cumulative increase of 6.84% over the past four days [1] - CIMC Vehicles specializes in the production of semi-trailers, special vehicle superstructures, and refrigerated truck bodies, with 80.61% of its revenue coming from global semi-trailers, 17.14% from superstructures, chassis, and tractors, and 2.25% from other sources [1] - The stock has a trading volume of 315 million CNY and a turnover rate of 2.26% [1] Group 2 - BlackRock's fund, specifically the BlackRock Excellence Voyage Mixed A (018101), has increased its holdings in CIMC Vehicles by 100,000 shares, bringing the total to 480,000 shares, which represents 2.75% of the fund's net value [2] - The fund has generated a floating profit of approximately 110,400 CNY today and a total of 297,600 CNY during the four-day stock price increase [2] - The fund has achieved a year-to-date return of 25.02% and a one-year return of 49.74%, ranking 3024 out of 8179 and 2717 out of 7984 in its category, respectively [2] Group 3 - The fund managers of BlackRock Excellence Voyage Mixed A are Bi Kai and Shan Xiuli, with Bi Kai having a tenure of 8 years and 19 days and a best fund return of 33.89% during his tenure [3] - Shan Xiuli has a tenure of 4 years and 4 days, with a total fund size of 29.67 billion CNY and a worst fund return of -34.9% during her tenure [3]

Company Overview - CIMC Vehicles has seen a stock price increase of 9.92% year-to-date, with a 4.90% rise in the last five trading days, 8.80% in the last 20 days, and 19.45% in the last 60 days [2] - The company specializes in the production of semi-trailers, special vehicle superstructures, and refrigerated truck bodies, with 80.61% of its revenue coming from global semi-trailers, 17.14% from superstructures, chassis, and tractors, and 2.25% from other sources [2] - As of June 30, 2025, the company had 35,500 shareholders, a decrease of 2.95% from the previous period, with an average of 40,937 circulating shares per shareholder, an increase of 3.04% [2] Financial Performance - For the first half of 2025, CIMC Vehicles reported operating revenue of 9.753 billion yuan, a year-on-year decrease of 8.85%, and a net profit attributable to shareholders of 403 million yuan, down 28.48% year-on-year [2] - The company has distributed a total of 2.664 billion yuan in dividends since its A-share listing, with 1.655 billion yuan distributed over the past three years [3] Market Activity - On September 9, CIMC Vehicles' stock rose by 2.01%, reaching 9.64 yuan per share, with a trading volume of 152 million yuan and a turnover rate of 1.10%, resulting in a total market capitalization of 18.067 billion yuan [1] - The net inflow of main funds was 9.816 million yuan, with large orders accounting for 25.59% of purchases and 15.87% of sales [1]

资料显示，中集车辆(集团)股份有限公司位于香港湾仔皇后大道东248号大新金融中心40楼,广东省深圳 市南山区蛇口港湾大道2号，成立日期1996年8月29日，上市日期2021年7月8日，公司主营业务涉及半挂 车、专用车上装、冷藏厢式车厢体等生产。 截至6月30日，中集车辆股东户数3.55万，较上期减少2.95%；人均流通股40937股，较上期增加3.04%。 2025年1月-6月，中集车辆实现营业收入97.53亿元，同比减少8.85%；归母净利润4.03亿元，同比减少 28.48%。 来源：新浪证券-红岸工作室 9月8日，中集车辆涨2.72%，成交额2.22亿元。两融数据显示，当日中集车辆获融资买入额1494.79万 元，融资偿还1926.77万元，融资净买入-431.98万元。截至9月8日，中集车辆融资融券余额合计2.71亿 元。 融资方面，中集车辆当日融资买入1494.79万元。当前融资余额2.70亿元，占流通市值的1.96%，融资余 额超过近一年80%分位水平，处于高位。 融券方面，中集车辆9月8日融券偿还100.00股，融券卖出100.00股，按当日收盘价计算，卖出金额 945.00元；融券余量17.0 ...

Group 1 - Company CIMC Vehicles (SZ 301039) announced that it will accept investor research from Southern Fund and other investors on August 27 and August 29, 2025, with the company's investor relations director Chen Wanxing responding to investor inquiries [1] - For the year 2024, CIMC Vehicles' revenue composition is entirely from road transportation, accounting for 100.0% [2] - As of the report date, CIMC Vehicles has a market capitalization of 17.7 billion yuan [3]

Group 1: Investor Relations Activities - The company conducted roadshow activities from September 1 to September 5, 2025, in Shanghai, Beijing, and online, without disclosing any major information [2][6] - Participants included various financial institutions such as CICC, Huatai Asset Management, and others [2] Group 2: Strategic Partnerships and Technological Advancements - In 2023, the company invested in Karl Power, a leader in autonomous truck platooning technology, to develop a smart logistics model combining electric head trailers and autonomous transport robots [3] - The company aims to create a highly intelligent logistics model to enhance efficiency and provide substantial value to users [3] Group 3: Product Development and Market Performance - In the first half of 2025, the company produced 7,440 DTB dump trucks, 2,773 DTB mixer trucks, and 2,221 DTB refrigerated trucks, achieving a revenue of 868 million yuan [6] - The company is the only industry player offering three types of DTB products and has a comprehensive factory coverage in key market areas [6] Group 4: Growth in Electric Vehicle Segment - The company reported significant growth in its EV-DTB product line: EV-DTB dump trucks increased by 142.55%, EV-DTB mixer trucks by 86.26%, and EV-DTB refrigerated trucks by 69.8% year-on-year [6] - The integrated product sales of the company surpassed 6,084 units in the first half of 2025, a 59% increase compared to the same period last year [7] Group 5: Future Plans and Industry Standards - The company plans to accelerate its layout in the electric head trailer sector through three strategies: participating in national standard formulation, speeding up product commercialization, and creating closed-loop solutions [8] - The company is actively involved in the development of national standards for electric trailers, including hosting seminars and participating in safety matching meetings [8]

Group 1: Global Southern Market Performance - In the first half of 2025, the global Southern semi-trailer business continued to achieve high-quality development, with sales increasing by 13.0% year-on-year and gross margin improving by 4.6% [3] - The Thai market saw a 44.0% increase in semi-trailer sales and a 63.5% surge in revenue, establishing it as a benchmark for regional business [3] - Vietnam's revenue experienced a significant growth of 270% due to rapid economic expansion [3] - The Australian business reported a 16.4% increase in sales and a 2.3% rise in gross margin, showcasing the advantages of cross-ocean supply chain collaboration [3] Group 2: Strategic Vision and Goals - The company's vision for the global Southern market aims to double sales within 2-3 years and achieve revenue exceeding 10 billion yuan by 2030 [4] - The company plans to replicate the success of the domestic "Star Chain Plan" internationally, combining marketing and manufacturing strengths for high-quality development [4] Group 3: European Market Insights - In the first half of 2025, the EU registered 155,000 new trucks, a decline of 15.4% year-on-year, indicating a weak recovery phase in the semi-trailer industry [4] - Despite the challenging market, the company's UK subsidiary, SDC, reported an 8.7% increase in revenue [4][5] Group 4: Supply Chain Resilience - The company has established a domestic supply chain system focused on "centralized procurement as primary, supply assurance as secondary," enhancing resource sharing and development [6] - An overseas supply chain strategy emphasizes "local procurement as primary, global supply assurance as secondary," increasing local procurement ratios and building core component factories in multiple countries [6] Group 5: Collaboration in New Energy Heavy Trucks - The company is expanding partnerships with traditional heavy truck manufacturers and new energy vehicle makers to share technology and market resources [7] - Collaborations with battery manufacturers and charging service providers aim to enhance operational efficiency and address user concerns regarding range anxiety [7][8] - The integration of intelligent driving assistance systems and IoT technology is being pursued to optimize transport routes and improve operational safety [8]

来源：新浪证券-红岸工作室 9月8日，中集车辆涨2.72%，成交额2.22亿元，换手率1.63%，总市值177.10亿元。 异动分析 1、公司属于专用汽车制造行业，是全球销量排名第一的半挂车生产企业 ，亦是中国领先的专用车上装 和冷藏厢式车厢体生产企业。公司生产的冷藏车产品，凭借出色可靠的产品品质，在冷链物流运输、冷 藏生鲜配送、生物制药及疫苗运输场景中被客户应用。 2、公司作为全球排名第一的半挂车生产企业， 在全球主要民用领域的主要市场，包括中国、北美、欧 洲及其他地区开展 7大类的半挂车生产与销售及售后市场服务，主要应用场景为道路物流运输。同时也 是知名的冷藏厢式车厢体的制造企业。公司生产的冷藏车产品，凭借出色可靠的产品品质，在冷链物流 运输、冷藏生鲜配送、生物制药及疫苗运输场景中被客户应用。 3、2023年12月1日互动易回复：氢能源方面，本公司根据客户需求已推出氢能源冷藏车厢体产品。 4、公司是全球领先的半挂车及专用车高端制造企业、全球销量排名第一的半挂车生产企业，在全球主 要市场开展七大类半挂车的生产、销售和售后市场服务。 5、公司旗下凌宇汽车于11月与华为洛阳新基建发展中心签署合作框架协议，双方围 ...