Core Viewpoint - Dongfeng Motor's annual performance forecast indicates a significant expected net loss for 2025, driven by intensified competition in the light commercial vehicle market and challenges in transitioning from traditional fuel to new energy vehicles [1] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of between -480 million and -390 million yuan for the year 2025 [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between -930 million and -840 million yuan [1] Group 2: Reasons for Performance Change - The primary reasons for the performance decline include ongoing competition in the light commercial vehicle market, leading to sales pressure and a decrease in overall gross margin [1] - The company is in a critical phase of transitioning from traditional fuel to new energy, prompting adjustments in operational pace, marketing changes, inventory reduction, and retail expansion, which have increased channel support [1] - A reassessment of the collection situation for certain receivables, based on accounting prudence, has led to additional provisions for credit impairment on receivables [1] Group 3: Strategic Measures - The company plans to increase investment in research and development in new energy and intelligent driving technologies, enhance channel construction and expansion, and build a customer-centric value marketing system to mitigate short-term adverse impacts [1] Group 4: Non-Operating Gains and Losses - For the year 2025, the impact of non-recurring gains and losses on the net profit attributable to the parent company is expected to decrease compared to the previous year, primarily due to a reduction in government subsidies received [1]

Core Viewpoint - Dongfeng Motor Corporation (600006) expects a net profit loss attributable to shareholders of the parent company between 390 million to 480 million yuan for the year 2025, compared to a net profit of 29.16 million yuan in the same period last year [1] Group 1: Financial Performance - The company anticipates a significant decline in net profit for 2025, projecting a loss of 390 million to 480 million yuan [1] - In the previous year, the company reported a net profit of 29.16 million yuan, indicating a substantial year-over-year change [1] Group 2: Market Conditions - The competitive landscape in the light commercial vehicle market continues to intensify, putting pressure on the company's product sales [1] - Overall gross profit margin has declined, reflecting the challenges faced in the current market environment [1]

在上述十 家 企 业 中， 与 2024 年相比，东风公司和广汽集团销量呈不同程度下降，其他企业销量均呈不 同程度增长 。 来源： 中汽协会行业信息部 据中国汽车工业协会统计 分 析 ， 2 025 年，汽车销量排名前十位的企业（集团）共销售 2887.6 万辆，占 汽车销售总量的 83.9% 。 ...

证券之星消息，1月22日商用车板块较上一交易日上涨0.14%，金龙汽车领涨。当日上证指数报收于4122.58，上涨0.14%。深证成指报收于 14327.05，上涨0.5%。商用车板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 600686 | 金龙汽车 | 21.97 | 8.82% | 51.32万 | | 10.87亿 | | 600166 | 福田汽车 | 3.28 | 5.47% | 282.77万 | | 9.08亿 | | 301039 | 中隼车辆 | 9.72 | 2.53% | - 20.11万 | | 1.94亿 | | 000868 | 安凯客车 | 5.05 | 2.02% | 16.63万 | | 8344.34万 | | 000957 | 中通客车 | 12.01 | 1.95% | 26.40万 | | 3.14亿 | | 600303 | 曙光股份 | 3.34 | 1.83% | 18.19万 | | 6029.37万 | ...

Core Viewpoint - The domestic natural gas heavy truck market in China has achieved a record annual sales of 198,700 units in 2025, marking a 12% year-on-year increase compared to 2024, with a notable trend of continuous growth from August to December 2025 [1][28]. Sales Performance - In December 2025, the actual sales of natural gas heavy trucks reached 12,500 units, representing a 31% year-on-year increase but a 35% decrease compared to November 2025 [3][15]. - The overall heavy truck market in December 2025 saw sales of 84,000 units, with natural gas heavy trucks accounting for 14.9% of this total, down from 25.26% in November [7][21]. Monthly Trends - The monthly sales data for the past five years indicates that January and February 2025 had the highest sales figures, while from March to July, sales were the second highest in the last five years [5]. - The months of November and December 2025 recorded the highest sales figures in the last five years for natural gas heavy trucks [5]. Price Influence - Natural gas prices in 2025 fluctuated moderately, with January and February averaging around 4,400 RMB/ton, peaking at nearly 4,600 RMB/ton in March and April, and dropping to just above 4,100 RMB/ton in December [11]. Regional Distribution - In 2025, all 31 provincial-level administrative regions in China had registered natural gas heavy trucks, with significant sales concentrated in resource-rich provinces such as Hebei, Shandong, Shanxi, and Henan [11][13]. - Hebei ranked first with a market share of 14.4%, followed by Shandong, Shanxi, and Henan, each exceeding 16,000 units sold [11]. Company Performance - In December 2025, the top five companies in natural gas heavy truck sales were: FAW Jiefang (3,500 units), China National Heavy Duty Truck Group (2,780 units), Dongfeng Motor Corporation (2,202 units), Foton Motor (1,879 units), and Shaanxi Automobile Group (1,760 units) [17][18]. - For the entire year of 2025, FAW Jiefang sold 55,300 units, maintaining a market share of 27.8%, while other companies like Dongfeng and Foton saw significant growth in their sales [24][26]. Market Share Dynamics - In 2025, five companies held over 10% market share, with FAW Jiefang and China National Heavy Duty Truck Group exceeding 20% [26]. - Compared to 2024, companies like Dongfeng and Foton saw their market shares increase by 3.3 and 3.1 percentage points, respectively, while others experienced declines [26].

12月销1.34万辆，同比增长15%，收获"4连增" 第一商用车网最新获悉，根据中汽协数据（企业开票数口径，非终端实销口径，下同） 2025年12月份，我国卡车市场（含底盘、牵引车）共计销售36.10万辆，环比11月份增长 7%，同比增长17%。这其中，中型卡车市场（含底盘）销售1.34万辆，环比增长40%， 同比增长15%，同比增幅与上月（+15%）持平，收获一波同比"4连增"。 自2025年9月份起，此前连续6个月遭遇同比下滑的中卡市场收获了一波"3连增"，11月过 后累计销量降幅为5%，保留着全年销量正增长的希望。 那么，中卡市场最终能以增长的姿态收官2025年吗？ 请看第一商用车网的分析报道。 纵观近五年12月份中卡销量及增幅走势图可见，中卡市场在最近五年的12月份走出一个 降-降-增-增-增的走势，最近五年12月的中卡市场三次破万辆，2025年12月份1.34万辆 的销量在近五年里排第二，比2024年12月份净增长约1700辆。从累计销量看，2025年全 年中卡市场累计销售12.51万辆，在最近五年排第三位，属于中等水平，比五年最高的 2021年累计少销售约5.37万辆，比2024年累计少销售约25 ...

大家好，我是红旗的销售顾问，前段时间 HS6上市了，今天来和大家聊聊这车最近的销售情况。 新车是哪天到店的？ 最先到的是试驾车和展车，12月上旬就有了，首批商品车是12月17日到的，其中一台是220四驱智混版，其余三台是240两驱智混版。颜色上有一台灰色， 一台苍夜山海，两台黑色。后面就是正常的进车节奏，没啥特殊的。 新车培训有哪些值得注意的点？ 竞品上主要对比理想L6、比亚迪唐，标配冰箱、彩电、大沙发。动力电池提前满足2026新国标。其他就没啥需要注意的了。 新车目前价格是多少？ HS6有三款配置，但是其中17.88万的两驱145智混版暂时不排产。 专项政策有置换补贴6000元、交5000元订金抵8000元、另有5000元新车保险补贴（相当于总共优惠8000元） 经过对比后，客户认可的优势是三电系统终身质保（首任车主、定期在授权店保养、没有大事故）、动力电池安全超过2026新国标、全系标配冰箱彩电大沙 发、除了最低配都有配备城市智能辅助驾驶（可识别红绿灯、自动变更车道、复杂路况识别）、续航能力强，打破了混动车型续航吉尼斯世界纪录。 每天有多少人来看这款车？ 现在平均每天进店9批首客，有1批是看HS6的。本月 ...

Core Viewpoint - The commercial vehicle sector experienced a slight increase of 0.74% on January 21, with Jianghuai Automobile leading the gains. The Shanghai Composite Index rose by 0.08%, while the Shenzhen Component Index increased by 0.7 [1]. Group 1: Stock Performance - Jianghuai Automobile (600418) closed at 52.45, up by 2.84%, with a trading volume of 618,400 shares and a transaction value of 3.209 billion [1]. - China National Heavy Duty Truck (000951) closed at 17.30, up by 1.35%, with a trading volume of 162,600 shares and a transaction value of 280 million [1]. - Foton Motor (600166) closed at 3.11, up by 1.30%, with a trading volume of 1,453,300 shares and a transaction value of 450 million [1]. - Other notable performances include Zhongtong Bus (000957) at 11.78, up by 0.43%, and Shuguang Co. (600303) at 3.28, up by 0.31% [1]. Group 2: Capital Flow - The commercial vehicle sector saw a net inflow of 417 million from institutional investors, while retail investors experienced a net outflow of 249 million [2]. - Major stocks like Jianghuai Automobile had a net inflow of 274 million from institutional investors, indicating strong institutional interest [3]. - Conversely, stocks like King Long Motor (600686) and China National Heavy Duty Truck (000951) faced significant net outflows from retail investors, suggesting a shift in investor sentiment [3].

作为面向商用营运用户开发的车型，东风睿立达V8E明窗版通过强化续航、补能、承载等实用性能，致力于为用 户提供高效可靠的运输解决方案。 全新版本东风睿立达V8E采用的是宁德53.58kw·h电池，CLTC工况续航达355公里，可满足城市配送日常需求。 针对用户对充电速度的广泛焦虑，其在极寒条件下可实现24.1分钟完成20%-80%充电，有效缓解续航焦虑。 基于后驱动力系统，东风睿立达V8E明窗版展现出良好承载与爬坡能力。车辆在满载1.2吨货物状态下，可以通 过15°雪地坡道，体现其稳健牵引力与行驶稳定性。此外，该车拥有8m³载物空间，配合270度尾门设计与低地台，装 卸货物更为便捷。 在竞争日趋激烈的多功能VAN车市场，产品力成为竞争关键。东风睿立达V8E自2025年10月上市以来，凭借综合 性能获得市场认可。为进一步完善产品矩阵，近期推出全新动力版本——搭载宁德时代2C液冷超充电池的睿立达 V8E，实现了动力系统的全面升级。 ...

Group 1: Market Overview - The commercial vehicle sector increased by 0.07% on January 20, with Hanma Technology leading the gains [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] Group 2: Stock Performance - Hanma Technology (600375) closed at 6.35, up 3.25% with a trading volume of 994,300 shares and a transaction value of 626 million [1] - King Long Automobile (600686) closed at 20.62, up 3.10% with a trading volume of 493,200 shares and a transaction value of 1.01 billion [1] - Other notable performers include CIMC Vehicles (301039) at 9.61, up 0.84%, and Yutong Bus (600066) at 32.21, up 0.69% [1] Group 3: Fund Flow Analysis - The commercial vehicle sector experienced a net outflow of 235 million from institutional investors, while retail investors saw a net inflow of 331 million [2] - The detailed fund flow indicates that King Long Automobile had a net inflow of 709.24 million from institutional investors, while Hanma Technology had a net inflow of 35.31 million [3] - Other companies like Yutong Bus and Foton Motor showed mixed fund flows, with Yutong Bus having a net inflow of 977.17 million from institutional investors [3]