智通财经APP获悉，第一商用车网发文称，根据中国客车统计信息网发布的数据显示，2025年3月，我 国7米以上大中型新能源客车共销售3462辆，环比(1891辆)增长83.08%，同比(2571辆)增长34.66%，继1 月和2月后销量再次实现增长，实现了一季度销量三连涨。其中，宇通客车(600066.SH)以1065辆夺得销 冠，环比增幅达287.27%，同比增长144.27%，市场份额高达惊人的30.76%。 3月：宇通涨1.4倍夺冠 金龙/远程晋级 | | | | | 2025年3月7米以上新能源客车市场销量情况 (单位:辆) | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 排名 | 企业/总计 | 3月销量 | 月度份额 | 环比增幅 | 同比增幅 | 今年累计 | 累计份额 | 同期累计 | 累计增幅 | | | | 3462 | 100.00% | 83.08% | 34.66% | 8013 | 100.00% | 6162 | 30.04% | | 1 | 宇通客车 | 1065 | 30.7 ...

从中证绿色城镇指数持仓的市场板块来看，深圳证券交易所占比59.07%、上海证券交易所占比 40.93%。 从中证绿色城镇指数持仓样本的行业来看，工业占比42.61%、可选消费占比26.65%、原材料占比 16.69%、信息技术占比10.56%、公用事业占比2.04%、通信服务占比1.46%。 金融界4月17日消息，A股三大指数收盘涨跌不一，中证绿色城镇指数 (绿色城镇，H30139)报1759.01 点。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 数据统计显示，中证绿色城镇指数近一个月下跌10.82%，近三个月下跌1.03%，年至今下跌3.90%。 据了解，中证城镇化指数系列主要围绕集约、智能、绿色低碳等主题，多角度反映城镇化进程中受经济 结构和消费结构变化影响的上市公司证券的表现。城镇化指数系列包括 ...

Group 1: Market Overview - The domestic bus market has been rapidly activated due to a series of favorable policies, with cumulative sales reaching 511,000 units in 2024, a year-on-year increase of 3.9% [2] - Sales of buses over 6 meters have seen a significant increase, with cumulative sales of 126,000 units in 2024, marking a year-on-year growth of 33.4%, the highest in 20 years [2] - The "old-for-new" policy is expected to continue driving growth in 2025, with first-quarter sales reaching 125,000 units, a year-on-year increase of 9.8% [2] Group 2: Company Performance - In 2024, major bus manufacturers reported positive growth in both sales and revenue, with King Long Automobile achieving over 50,000 units sold, a 19.07% increase; Yutong Bus with approximately 46,900 units, a 28.48% increase; Zhongtong Bus with 11,400 units, a 51.49% increase; and Ankai Bus with about 5,837 units, a 34.87% increase [3] - Yutong Bus reported revenue of 37.218 billion yuan in 2024, a year-on-year increase of 37.63%, with net profit rising by 126.53% to 4.116 billion yuan [3] - Ankai Bus achieved revenue of 2.735 billion yuan, a 27.43% increase, and turned a profit with a net profit of 839,200 yuan [3] Group 3: Policy Impact - The National Development and Reform Commission and the Ministry of Finance have introduced measures to support the replacement of buses over 8 years old, with subsidies of 60,000 yuan per vehicle [4] - The implementation of these policies has led to a significant increase in sales, with the total sales of 24 key companies in the new energy bus sector doubling in October and December 2024 [4] - The average subsidy for replacing old buses has been increased to 80,000 yuan, with some provinces offering even higher subsidies, such as Jiangsu's 120,000 yuan for old buses replaced with new energy buses [5] Group 4: Future Growth Drivers - The continuation of the "old-for-new" policy is expected to stimulate a new round of updates in the bus market, with a longer implementation period and stronger effects anticipated in 2025 [7] - The export market is projected to become a new growth driver, with domestic bus exports reaching a record high of 44,500 units in 2024, a 38% increase [8] - The recovery of the tourism economy is expected to significantly boost demand for tourist buses, with sales of tour buses increasing by 24.34% in 2024 [8]

据了解，上证180、380动量指数基于过去一年的风险调整价格动量，分别选取上证180和上证380指数样 本中动量评分最高的60只和120只证券作为指数样本，以反映上证180和上证380指数样本中最具动量特 征证券的整体表现。该指数以2004年12月31日为基日，以1000.0点为基点。 金融界4月16日消息，A股三大指数收盘涨跌不一，上证380动量指数 (380动量，H50058)报6565.55点。 从上证380动量指数持仓样本的行业来看，工业占比29.74%、金融占比17.85%、信息技术占比16.50%、 原材料占比11.18%、通信服务占比5.42%、医药卫生占比5.27%、可选消费占比4.87%、公用事业占比 3.92%、主要消费占比3.00%、房地产占比1.76%、能源占比0.49%。 数据统计显示，上证380动量指数近一个月下跌5.38%，近三个月上涨0.56%，年至今下跌2.70%。 资料显示，指数样本每季度调整一次，样本调整实施时间分别为每年3月、6月、9月和12月的第二个星 期五的下一交易日。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样本中剔除。样本 公司发生收购、合并、分拆 ...

那么我看到这边再重申一下我们对于与同课程当前的观点还是非常坚定的看好依然还是认为目前与同课程在他自身的基因周期的角度来看我们认为还是在周期 第2个问题是 当前来看我们会认为第一次网络风格本身AI我们会认为跟红利整理上我们在700块的基金圈里来看的话生长率的投资机会我们认为一直是冰纯的而且互不信任也非常的强那么当前来看我们会认为 虽然2014年最终的分红率 最终的预期我们估计要到成4月份股东大会可能会进一步的明朗但整体趋势上的话肯定股息率是大家是不用担心的所以整体上我们的目标市值还是会去维持根据这一轮的利润风险来看我们认为就是一通在这一轮的这个红利我们对应的目标市值还是800到1000 以上的话就是我这边的一个汇报吧其他几位同事然后这边再跟大家详细的一个解读一下二月份的数据和后面数据我们这块的一个预测吧 好的各位网友大家好我先解读一下二月份宇通的详细的数据第一个是宇通的总销量二月份是1571台同比是13%的提升环比是有38个点的下降这个销量我们总结来看其实还是基本符合预期 二月份宇通本来就是一个开工淡季他们元宵节之后才正式开始开工其实整个的开工时间有十天左右所以我们去看的话宇通在比较旺的月份的时候呢它的包括产量 ...

Summary of Conference Call Records Industry Overview - The conference call primarily discusses the commercial vehicle industry, focusing on the performance and outlook of various companies within this sector, particularly regarding sales trends and policy impacts. Key Points and Arguments Market Cycle and Outlook - The current market cycle is viewed as being in a neutral position, with expectations of an upward trend lasting approximately 20 years, potentially extending to 2028 or beyond [1] - The overall sentiment in the commercial vehicle sector is cautiously optimistic, with a recommendation for stakeholders to remain actively engaged [1] Sales Data Analysis - The wholesale sales for January and February showed a year-on-year decline of about 2%, influenced by the timing of the Spring Festival, which affected comparability with previous years [2] - Inventory levels increased, with 25,000 units added in the current year compared to 47,000 units in the previous year, indicating a significant change in market dynamics [2] Export Performance - The export market has shown resilience despite challenges, with structural impacts from geopolitical events, particularly the conflict in Russia affecting supply chains [3] - The growth in the export of new energy vehicles was highlighted, with a notable increase of over 50% year-on-year in February [13] Policy Impact - The implementation of state-owned enterprise policies is expected to gradually take effect from mid-March, with potential sales boosts estimated between 400,000 to 700,000 units [6] - The current policy environment is described as a "policy window," with many provinces yet to fully implement new regulations [8] Company-Specific Insights - Yutong's sales in January and February were impacted by seasonal factors, but there are signs of recovery in March, with expectations of over 20% growth in exports [15] - Jinlong's sales performance was exceptionally strong, particularly in exports, with a threefold increase year-on-year in January and February due to backlog orders from the previous year [17] - The financial performance of companies like Zhongtong is projected to improve significantly, with expectations of turning profits in the coming months [19] Investment Recommendations - The conference emphasized the potential for investment in companies like Yutong and Jinlong, which are expected to benefit from domestic demand recovery and export growth [21] - The overall sentiment suggests a favorable outlook for the commercial vehicle sector, with specific companies identified as key investment opportunities based on their performance and market positioning [21] Additional Important Content - The discussion included insights into the cyclical nature of the market, with expectations of a return to mid-cycle levels before potentially breaking through to higher growth [9] - The importance of understanding structural and seasonal factors in sales data was reiterated, emphasizing the need for careful analysis when interpreting market trends [5] - The call concluded with an invitation for further engagement and inquiries regarding detailed company models and market analyses [21]

Core Points - The A-share market's three major indices closed mixed, with the Shanghai 380 Index down 0.25% at 5304.0 points and a trading volume of 88.591 billion yuan [1] - The Shanghai 380 Index has decreased by 6.15% over the past month, increased by 1.25% over the past three months, and has fallen by 1.15% year-to-date [1] - The index is composed of 380 securities selected from the Shanghai Stock Exchange based on criteria such as revenue growth rate, return on equity, trading volume, and total market capitalization [1] Index Composition - The top ten weighted stocks in the Shanghai 380 Index include: Hu Nong Commercial Bank (1.28%), Chifeng Gold (1.21%), Chengdu Bank (1.14%), Yunnan Agricultural Commercial Bank (1.02%), Yutong Bus (0.94%), Rockchip (0.87%), Hengtong Optic-Electric (0.80%), China Software (0.78%), Shengyi Technology (0.74%), and Hongfa Technology (0.72%) [1] - The index is entirely composed of stocks listed on the Shanghai Stock Exchange, with a 100% allocation [1] Industry Breakdown - The industry composition of the Shanghai 380 Index includes: Industrial (26.66%), Information Technology (14.56%), Materials (12.26%), Financials (10.34%), Healthcare (10.20%), Consumer Discretionary (8.46%), Communication Services (4.72%), Energy (3.72%), Consumer Staples (3.55%), Utilities (3.37%), and Real Estate (2.15%) [2] - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December, with a sample adjustment limit of 10% [2] - Special adjustments may occur under certain circumstances, such as when a sample is delisted or undergoes mergers, acquisitions, or splits [2]

Investment Rating - The report maintains a neutral investment rating for the automotive and parts industry [5] Core Insights - The automotive market is benefiting from policies supporting vehicle scrappage and replacement, as well as advancements in intelligent driving technology, leading to strong growth in both overall and new energy vehicle sales [12][30] - The new tariff policies announced by Trump are expected to benefit companies that establish factories in North America, particularly those in the parts sector [13] - The report suggests continued focus on humanoid robotics and competitive domestic brands in the automotive sector, with expectations for market share expansion among leading new energy vehicle companies [3][14] Summary by Sections Investment Recommendations and Targets - The report recommends focusing on humanoid robotics and companies within the Huawei, Xiaomi, T chain, and intelligent driving sectors, anticipating profit and valuation increases [3][14] - Suggested companies for investment include SAIC Motor, JAC Motors, BYD, Changan Automobile, China National Heavy Duty Truck Group, GAC Group, Yutong Bus, and several parts manufacturers such as Newquay, Silver Wheel, and Top Group [3][15] Market Performance - The automotive sector's performance this week showed a decline of 5.4%, underperforming compared to the CSI 300 index, which fell by 2.9% [16] - The parts sector experienced a significant drop of 8.30%, while the automotive sales and service sector fell by 8.73% [16] Sales Tracking - In March, the wholesale sales of narrow-sense passenger vehicles reached 2.412 million units, a year-on-year increase of 8.9% and a month-on-month increase of 36.4% [12][24] - New energy passenger vehicle sales in March were particularly strong, with wholesale sales of 1.128 million units, reflecting a year-on-year growth of 35.5% [28][30] Industry News - The report highlights the launch of new models such as the BYD Han L and BYD Tang L, which are expected to enhance sales performance [33][34] - The report also notes the anticipated performance of companies like Changan Automobile and BYD in the upcoming quarters, with significant profit growth expected [39][42]

撰 文 / 牛跟尚 设 计 / 琚 佳 当外界质疑造车新势力创维汽车何以存活下来时，创维创始人、开沃汽车创始人、创维汽车创始人 黄宏生在3月18日的创维汽车15周年小型媒体沟通会上说，商乘并举，开沃商用车能够为创维汽车 输血，他强调"别忘了客车企业这两年都不错，很赚钱"。 正如这位家电大王所说，2024年及2025年一季度，中国客车厂的小日子的确过得不错。 客车十强全面增长 据中国汽车工业协会（简称中汽协）数据显示，2025年一季度全国客车(6米以上大客车)销量为2.5 万辆，同比增长13.5%。 中国客车企业销量前十排名（6米以上大客车）为：宇通客车，销量7611辆，市场占有率30.2%，仍 是一家独大；中通客车，销量2766辆；金旅客车，销量2474辆；厦门金龙，销量2209辆；苏州金 龙，销量2097辆；福田欧辉，销量1586辆；安凯客车，销量1348辆；比亚迪客车，销量1127辆；亚 星客车，销量889辆；中车电动，销量601辆。 一是宇通客车依然是老大，销量46918辆，同比增长28.48%。2024年实现营业收入372.18亿元，同 比增长37.63%；归母净利润41.16亿元，同比增长126.5 ...

证券代码：600066 证券简称：宇通客车 编号：临2025-029 宇通客车股份有限公司 3、股权登记日 ■ 二、增加临时提案的情况说明 关于2024年年度股东大会增加临时提案的公告 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。 一、股东大会有关情况 1、股东大会的类型和届次： 2024年年度股东大会。 2、股东大会召开日期： 2025年4月25日 (一)现场会议召开的日期、时间和地点 1、提案人：猛狮客车有限公司 2、提案程序说明 公司已于2025年4月1日披露了股东大会召开通知，单独持有3.95%股份的股东猛狮客车有限公司，在 2025年4月11日提出临时提案并书面提交公司董事会。董事会按照《上市公司股东会规则》有关规定， 现予以公告。 3、临时提案的具体内容 为提高决策效率，猛狮客车有限公司提议将《关于修订〈公司章程〉及附件的议案》《关于修订〈董 事、监事任职津贴管理制度〉的议案》《关于修订〈对外投资管理制度〉的议案》作为临时提案提交公 司2024年年度股东大会审议。 临时提案内容详见公司于同日披露的《2024年年度 ...