证券代码：600066 证券简称：宇通客车 编号：临 2025-055 二零二五年十一月四日 2025 年 10 月份产销数据快报 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 宇通客车股份有限公司2025年10月份产销数据快报如下： 宇通客车股份有限公司 特此公告。 宇通客车股份有限公司董事会 单位：辆 | 产 | 品 | 2025 年 | 去年同期 | 单月数量 | 本年 | 去年同期 | 累计数量 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 10 月份 | | 同比变动 | 累计 | 累计 | 同比变动 | | 生产量 | | 3,228 | 3,558 | -9.27% | 37,102 | 35,485 | 4.56% | | 其中：大型 | | 1,584 | 1,558 | 1.67% | 19,347 | 19,844 | -2.50% | | 中型 | | 1,039 | 1,549 | -32.92% | 11,164 | 11,51 ...

格隆汇11月4日丨宇通客车(600066.SH)公布，2025年10月整车销售合计3040辆，整车产量合计3228辆； 1—10月本年累计整车销售36596辆，同比增长5.87%。 ...

人民财讯11月4日电，宇通客车（600066）11月4日公告，2025年10月份公司销售客车3040辆，同比下降 5.62%；本年累计销售客车3.66万辆，同比增长5.87%。 ...

智通财经APP讯，宇通客车(600066.SH)披露2025年10月份产销数据，公司2025年10月份生产量3228 辆，同比下降9.27%;销售量3040辆，同比下降5.62%。 ...

智通财经APP讯，宇通客车(600066.SH)披露2025年10月份产销数据，公司2025年10月份生产量3228 辆，同比下降9.27%;销售量3040辆，同比下降5.62%。 ...

宇通客车公告，2025年10月份销售量3040辆，同比下降5.62%；生产量3228辆，同比下降9.27%。本年 累计销售量36596辆，同比增加5.87%；累计产量37102辆，同比增加4.56%。其中10月大型销量1495 辆，同比上升13.17%；中型967辆，同比下降33.81%；轻型578辆，同比上升31.66%。 ...

Group 1: Company Insights - Yaxing Integrated (603929.SH) reported a record high quarterly profit with a significant increase in gross margin, achieving a revenue of 1.425 billion yuan in Q3 2025, down 9% year-on-year but up 68% quarter-on-quarter, and a net profit of 282 million yuan, up 40% year-on-year and 257% quarter-on-quarter [10][12] - The company’s gross margin reached 27.5% in Q3 2025, a substantial increase of 7.1 percentage points from the previous quarter and 11.0 percentage points from the same period last year, indicating improved cost control in the Singapore market [10][12] - The company is expected to continue benefiting from significant orders in the semiconductor cleanroom engineering sector, with profit forecasts for 2025-2027 adjusted to 679 million, 1.007 billion, and 1.237 billion yuan respectively, reflecting a strong growth outlook [12] Group 2: Industry Trends - The automotive industry is experiencing a surge in intelligent technology, with companies like Xiaoma Zhixing and Wenyuan Zhixing preparing for IPOs in Hong Kong, and Junsheng Electronics securing a global order worth 5 billion yuan in automotive intelligence [16][19] - The pharmaceutical sector is focusing on cardiovascular diseases, with multinational pharmaceutical companies intensifying their efforts on PCSK9 and Lp(a) targets, projecting a global market size for PCSK9 inhibitors to reach 11-19 billion USD and Lp(a) inhibitors to reach 3-7 billion USD [20][21] - The electronic gas market is expanding, driven by the demand for semiconductor manufacturing, with companies like Guanggang Gas (688548.SH) reporting a 14.85% increase in revenue year-to-date, indicating a robust growth trajectory in the electronic gas sector [24][25]

展望中长期，周期与成长共振依旧，宇通业绩有望持续释放。行业端：①国内复苏：国内客车需求有望 持续修复（以旧换新政策）；②出口放量：当下海外大中客年销量约28 万辆，新能源渗透率不足 10%，对比国内具较高提升空间，且海外多国指定政策促进新能源客车替换；宇通端：①出口市场宇通 打造"技术+服务出口"创新模式，抓住海外新能源发展窗口期持续突破，从"制造+销售产品"→"制造服 务型+解决方案"定位升级，竞争力持续攀升，海外布局逐步从亚洲、拉美、非洲等地区，向欧洲等客 车工业发达地区拓展，推动产业价值链迈向中高端，有望充分受益于海外新能源扩张；②国内市场宇通 在风险管控+优选市场改善毛利，预计公司国内盈利有望回暖。 风险提示：行业复苏不达预期、海外竞争加剧、宏观经济波动。 投资建议：兼具成长和红利的全球大中客龙头，维持"优于大市"评级。看好公司成长性，看好公司海外 竞争力持续兑现，考虑到公司海外市场持续开拓，单车盈利扎实稳定，上修盈利预测，预计25-27 年净 利润47.7/54.5/62.4亿元（原预测46.6/53.4/60.3 亿元），EPS 为2.16/2.46/2.82 元（原预测2.10/2.41/2.7 ...

"中国品牌很好，在我们国家，随处可见'河南造'新能源汽车。"11月3日，第十八届中国—拉美企业家 高峰会现场，哥伦比亚GMC公司亚洲总裁丹尼尔赞叹。 作为全国新能源汽车产业重地，河南聚集了世界最大电动汽车制造商比亚迪、世界最大新能源客车制造 商宇通、世界最大动力电池制造商宁德时代等行业巨头，规模以上汽车及零部件企业达600余家，已形 成从原材料、核心零部件到整车制造、配套服务的全产业链布局。 2024年，河南新能源汽车产量达68.1万辆。今年截至第三季度，新能源汽车产量达49万辆，同比增长 18.5%。郑州集聚了7家汽车整车生产企业，产能超260万辆，产业规模超3000亿元，奋力打造全国重要 的新能源汽车生产基地。 硬核技术是河南新能源汽车出海的"通行证"。拉美地区正逐步进入新能源汽车时代，2024年，当地纯电 车型销量增长139.3%，插混车型增长156.1%，中国品牌占据半壁江山，电动公交车几乎全部来自中 国。 "在蒙得维的亚街头，宇通电动客车跑起来又稳又环保，我们盼着全城公交都换成这样的车！"乌拉圭牧 农渔业部顾问玛丽亚·玛丽亚·巴拉比诺·霍宾斯道出了拉美市场对河南的认可。 顺势而为，方能行稳致远，河南 ...

Investment Highlights - This week, the performance of the automotive sector was mixed, with the SW commercial passenger vehicle segment leading with a gain of 4.8%, followed by SW motorcycles and others at 3.2%, while the SW passenger vehicle segment saw a decline of 1.9% [4][13] - The team released several reports, including a test drive report for October in Beijing and third-quarter reviews for various companies such as Changan Automobile, Great Wall Motors, and Yutong Bus [5][13] Industry Core Changes - SAIC Group reported total revenue of CNY 169.4 billion for Q3 2025, with year-on-year growth of 16% and a net profit of CNY 2.08 billion, reflecting a significant increase of 645% year-on-year [6][13] - Seres achieved Q3 2025 revenue of CNY 48.13 billion, with a net profit of CNY 2.37 billion, showing a slight decrease of 1.7% year-on-year [6][13] - Xiaopeng Motors delivered 42,013 vehicles in October, setting a new monthly record, while Leap Motor delivered 70,289 vehicles, also a historical high [6][8][13] Current Automotive Sector Configuration - The automotive industry is at a crossroads, transitioning from the end of the electric vehicle boom to the dawn of automotive intelligence, with three main investment opportunities emerging: AI smart vehicles, AI robots, and traditional vehicle segments [9][15] - Key investment targets in the AI smart vehicle segment include Tesla, Xiaopeng Motors, and various technology providers like Horizon Robotics and Baidu [15] - The traditional vehicle segment remains promising, particularly in buses and heavy trucks, with companies like Yutong Bus and China National Heavy Duty Truck Group being highlighted [10][15]