本期计提坏账准备 2,852,961.54 元，转回 52,589,743.19 元。其 中：应收账款坏账准备计提 2,281,371.12 元，转回 52,589,743.19 元；其他应收款坏账准备计提 571,590.42 元。 一、2025 年第三季度计提资产减值准备概述 为客观、公允、准确地反映东风汽车股份有限公司（以下简称"公 司"）2025 年第三季度财务状况和各项资产的价值，根据《企业会计 准则》及公司会计政策的相关规定，本着谨慎性的原则，公司对应收 款项、其他应收款、存货、投资性房地产、固定资产等相关资产进行 了清查，并按资产类别进行了减值测试，拟对其中存在减值迹象的资 产相应提取减值准备。 根据《企业会计准则》及公司会计政策的相关规定，公司 2025 年第三季度计提各类资产减值准备共计 2,852,961.54 元，转回及转销 各类资产减值准备共计 75,689,133.65 元。 二、计提各项资产减值准备的情况说明 （一）坏账准备 证券代码：600006 证券简称：东风股份 公告编号：2025--064 东风汽车股份有限公司 关于计提资产减值准备的公告 本公司董事会及全体董事保证本公告内 ...

Group 1 - The core point of the article is that Dongfeng Co. reported a decline in revenue and net profit for the third quarter and the first three quarters of the year [1] Group 2 - In the third quarter, the company's revenue was 1.98 billion, a year-on-year decrease of 9.22% [1] - The net profit for the third quarter was 4.32 million [1] - For the first three quarters, the total revenue was 7.01 billion, reflecting a year-on-year decline of 12.13% [1] - The net profit for the first three quarters was 10.2 million [1]

Core Viewpoint - The domestic new energy light commercial vehicle market is experiencing fluctuations, with a notable increase in sales and penetration rates, particularly in September 2025, which marked a record month for sales and growth in this segment [1][29]. Sales Performance - In September 2025, the new energy light commercial vehicle market sold 35,500 units, representing a month-on-month increase of 51% and a year-on-year increase of 48% [4][29]. - From January to September 2025, the cumulative sales of new energy light commercial vehicles reached 205,100 units, showing an 18% year-on-year growth [10][23]. Market Penetration - The penetration rate of new energy vehicles in the light commercial vehicle market exceeded 60%, with September 2025 achieving a record penetration rate of 70.12% [8][29]. - The cumulative penetration rate from January to September 2025 was 61.55%, up from 56.37% in the previous year [8][27]. Regional Insights - In the first nine months of 2025, all 31 provincial-level administrative regions in mainland China registered new energy light commercial vehicles, with Guangdong province leading with over 35,700 units [12][14]. - Most provinces experienced growth in new energy light commercial vehicle registrations compared to the previous year, with significant increases in Anhui, Chongqing, and Yunnan [14]. Vehicle Type Distribution - Pure electric vehicles dominated the new energy light commercial vehicle market, accounting for 99.977% of sales from January to September 2025, with negligible presence of hybrid and fuel cell vehicles [16]. Leading Companies - In September 2025, the top-selling companies in the new energy light commercial vehicle market included Yuan Cheng, which sold 8,011 units, followed by Wuling and Changan [18][21]. - The market share of the leading companies in the first nine months of 2025 was as follows: Wuling (21.93%), Yuan Cheng (19.38%), and Changan (12.63%) [27]. Future Outlook - The new energy light commercial vehicle market is expected to maintain its growth momentum, with the potential for continued increases in sales and market penetration [29].

Core Insights - Hongqi Automotive is planning to establish a vehicle production project in Russia, which is seen as a significant goal for the brand in the Russian market by 2026 [1] - Localized production is expected to provide Hongqi Automotive with a competitive advantage in the Russian market, pending confirmation from the company's headquarters in China [1] - The Russian market has already begun accepting pre-orders for the newly updated Hongqi H9 executive sedan, priced at 9.99 million rubles [1]

Core Insights - In September 2025, China's new energy heavy truck sales reached a record high of 24,100 units, with significant growth across various segments, including hydrogen fuel cell trucks, which had previously seen a decline [1][4]. Sales Performance - The total sales of new energy heavy trucks in September 2025 were 24,100 units, representing a year-on-year increase of 206%. The breakdown includes 23,500 units of pure electric trucks, 565 units of fuel cell trucks, and 78 units of hybrid trucks, with respective year-on-year growth rates of 210%, 96%, and 212% [4][5]. - Fuel cell trucks ended a five-month decline with a 249% month-on-month increase in September, selling 565 units. Dongfeng ranked first in sales for the month, followed by SANY, with significant contributions from other manufacturers [11][18]. Market Share and Trends - For the first nine months of 2025, fuel cell trucks accounted for only 1.65% of the new energy heavy truck market, while hybrid trucks held a mere 0.52%, indicating a strong dominance of pure electric models at 97.83% [7]. - The competitive landscape for fuel cell trucks has intensified, with five different manufacturers achieving monthly sales leadership throughout the year, highlighting a dynamic and competitive market environment [13][19]. Company Performance - In terms of cumulative sales from January to September 2025, China National Heavy Duty Truck Group (重汽) led with 592 units sold, capturing a market share of 26.11%. SANY followed closely with 573 units and a 25.28% market share, both showing significant year-on-year increases [18][19]. - The market for fuel cell trucks has shown a stark contrast in performance among manufacturers, with some experiencing substantial growth while others faced significant declines, illustrating a bifurcated market landscape [18][19].

Core Viewpoint - The recent surge in deliveries of new energy commercial vehicles in China highlights a significant shift towards green transportation solutions across various sectors, including logistics, sanitation, and engineering transportation [1]. Group 1: Dongfeng Commercial Vehicles - Dongfeng Commercial Vehicles signed a contract for 216 new energy vehicles, including models like the Dongfeng Tianlong KL new energy tractor, specialized mixing trucks, and dump trucks, showcasing a comprehensive product solution for multiple transportation scenarios [2]. - The company offers customized support services throughout the vehicle lifecycle, including delivery, training, and operational support, ensuring high performance and customer satisfaction [4]. - Dongfeng aims to accelerate the construction of a green transportation system by leveraging its advanced technology and full-value chain solutions, focusing on high-quality and sustainable industry development [5]. Group 2: Xirui New Energy - Xirui New Energy delivered 100 battery-swappable electric heavy trucks and signed an additional order for 600 units, indicating strong market confidence and technological capabilities [6]. - The delivered trucks feature lightweight technologies, allowing for greater cargo capacity and a quick battery swap time of just 5 minutes, significantly reducing downtime compared to traditional charging [8]. - The integration of advanced battery systems enhances vehicle stability and safety, making them suitable for various operational needs [9]. Group 3: Beiben Heavy Truck - Beiben Heavy Truck delivered its first batch of 25 pure electric sanitation vehicles to Beijing, marking a significant entry into the market and enhancing brand recognition [10]. - The vehicles are designed specifically for sanitation operations, featuring a powerful 670-horsepower motor and long-life batteries, ensuring reliability in challenging conditions [12]. - The collaboration with Beijing Sanitation Group aims to develop additional sanitation vehicles and explore hydrogen energy options, indicating a commitment to innovation and sustainability [13]. Group 4: Supao Technology - Supao Technology completed the batch delivery of "Black Diamond" pure electric tractors to logistics companies in Shaanxi, marking a new phase in regional logistics transformation [14]. - The establishment of the "Supao Hongyun Supercharging Station" will provide efficient energy supply for operational vehicles, addressing range anxiety and enhancing transportation efficiency [16]. - The company emphasizes a comprehensive service system to support efficient operations, ensuring customer satisfaction and operational reliability [16]. Group 5: Industry Trends - The recent deliveries of new energy commercial vehicles reflect a clear trend towards "scenario adaptation + full-chain support," indicating a robust ecosystem for green transportation solutions [17].

Group 1 - Dongfeng Motor Group Co., Ltd. announced the appointment of Wang Jun as the new Deputy General Manager and Party Committee Member [1] - Wang Jun has a 30-year career at Changan Automobile, where he held significant roles in technology research and development, marketing, organizational development, and talent cultivation [2] - The recent personnel changes at Dongfeng Motor began in March 2023, following the retirement of former Chairman Zhu Yanfeng, and have resulted in only one Deputy General Manager position remaining vacant [2][3] Group 2 - Wang Jun's previous role was as President and Non-Independent Director of Changan Automobile, and he has also served as Deputy General Manager of China Ordnance Equipment Group [2] - The current executive team at Dongfeng Motor includes individuals from various backgrounds, with only two executives, Yang Qing and Zhou Feng, having risen through the ranks within the Dongfeng system [3] - The restructuring of leadership at Dongfeng Motor reflects a broader trend of personnel adjustments within state-owned enterprises under the direct management of the State-owned Assets Supervision and Administration Commission [2]

Core Insights - The collaboration between Dongfeng Motor Corporation and Huawei aims to accelerate the implementation of the DH project through deep technological integration and a mechanism for regular interaction [1][2] Group 1: Project Overview - The DH project was initiated in early 2023, with a strategic cooperation agreement signed between Dongfeng and Huawei in January 2025 [1] - The project has evolved to include a comprehensive strategic partnership, expanding into core technology areas such as Huawei's QianKun intelligent driving, Harmony cockpit, and QianKun vehicle control [1][2] Group 2: Collaboration Mechanism - A regular interaction mechanism will be established, including dedicated liaison teams for seamless daily communication and regular cross-domain coordination meetings to manage resource allocation and project goals [1] - The DH project team has achieved efficient collaboration across the entire process from R&D to market [1] Group 3: Product Development - The DH project products will feature Huawei's latest QianKun intelligent automotive solutions, making them among the most technologically integrated smart vehicles [2] - The collaboration is expected to inject new momentum into the intelligent transformation of the Chinese automotive industry [2]

Core Insights - The DH project team has established an efficient collaboration with Huawei, covering the entire process from R&D to market [1] - A regular interaction mechanism will be set up to enhance cooperation, including dedicated liaison groups for seamless communication and regular cross-domain coordination meetings [1] - The DH project was initiated in early 2023, with a strategic cooperation agreement signed in January 2025, and has since expanded its scope to include core technologies such as Huawei's QianKun intelligent driving and Harmony cockpit [1][3] Project Development - The DH project officially launched in January 2025, with a comprehensive strategic cooperation upgrade in May 2025, extending to various core technology areas [1] - In September 2025, a joint innovation laboratory was established to focus on cutting-edge technologies like in-vehicle software and AI applications [1] - A public campaign for the Chinese name and logo of the DH project was initiated in October 2025, exploring new marketing paths through user co-creation [1] Product Integration - The products from the DH project will feature Huawei's latest QianKun intelligent automotive solutions, aiming to be among the most technologically integrated smart models [1] - Dongfeng Motor has been collaborating with Huawei for several years, transitioning to a "2.0 era" of cooperation in 2025, leveraging a complementary approach of "technology + manufacturing" [1] - The deepening collaboration in the DH project is expected to inject new momentum into the intelligent transformation of China's automotive industry [1]

东风睿立达V8E明窗版发布，8.68万起，新能源VAN车市场又一解决方案来啦。 10月26日，以"后驱8方 能拉能装"为主题的东风睿立达V8E江苏区域上市发布会隆重举行。 现场，东风轻型车重磅发布了睿立达新一代明窗版纯电VAN车，将进一步满足商超百货、鲜花 配送等更多运营场景的需求。 基于此，东风轻型车通过20余年来的技术创新，以及对市场和用户需求的精准把握，继盲窗 版车型后，再发布全新睿立达V8E明窗版纯电VAN车，加速推进城配运输新能源化转型迭代。 第一商用车网现场了解到，东风睿立达V8E明窗版纯电VAN车实现了对用户用车需求的精准覆 盖，其多功能的属性，将充分满足不同用户群体对运输多样性的要求。同时，行业特有的后驱 驱动形式，以及8立方米的超大装载空间，更是为用户带来全能的运营体验。 据悉，东风睿立达V8E明窗版纯电VAN车，将有量、有劲、有谱三大核心优势发挥到了极致， 通过核心技术优化，实现了动力与能耗的双重突破，进一步助力用户运输降本增效。 有量、有劲、有谱 助力用户高效创富 在当前车多货少、竞争异常激烈的城配市场，拥有一款装载量更大、运输趟次更多、动力更强 劲、能耗更低的车辆，无疑是用户高效创富路 ...