【#余承东亲测尚界H5#爆款潜质获双王背书】近日余承东现身上汽亲测尚界新车，不仅与上汽总裁贾 健旭共同试驾，双方还围绕车辆各项体验进行了充分沟通。从路透来看，灰色实车图质感上乘，视觉效 果极佳；后排空间也很大，相信体验上会非常出色，而且从路跑视频中的车身姿态推测，其操控和底盘 方面也将会做到物超所值。尚界H5未上市已显爆款相，有华为与上汽"高智能+高品质"的双重护城河， 有望重新定义主流市场价值标准，9 月的上市值得期待。 6 @新浪科技 ...

资金流向方面，今日主力资金净流入2390.65万元，占比成交额1.32%。其中，超大单净流入5372.07万 元、占成交额2.96%，大单净流出2981.42万元、占成交额1.64%，中单净流出流出14039.63万元、占成 交额7.73%，小单净流入1.16亿元、占成交额6.41%。 上汽集团最新一期业绩显示，截至2025一季报，公司营业总收入1408.60亿元、同比减少1.55%，归属净 利润30.23亿元，同比增长11.40%，扣非净利润28.50亿元，同比增长34.38%，流动比率1.187、速动比率 1.035、资产负债率61.79%。 天眼查商业履历信息显示，上海汽车集团股份有限公司，成立于1984年，位于上海市，是一家以从事汽 车制造业为主的企业。企业注册资本1157529.9445万人民币，实缴资本1102556.6629万人民币。公司法 定代表人为王晓秋。 通过天眼查大数据分析，上海汽车集团股份有限公司共对外投资了60家企业，参与招投标项目5000次， 知识产权方面有商标信息1473条，专利信息5000条，此外企业还拥有行政许可528个。 来源：金融界 金融界消息 截至2025年8月15日收 ...

从资金流向上来看，当日乘用车板块主力资金净流出3.51亿元，游资资金净流入1200.67万元，散户资金净流入3.39亿元。乘用车板块个股资金流 向见下表： 证券之星消息，8月15日乘用车板块较上一交易日上涨0.82%，北汽蓝谷领涨。当日上证指数报收于3696.77，上涨0.83%。深证成指报收于 11634.67，上涨1.6%。乘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) | | --- | --- | --- | --- | --- | --- | | 600733 | 北汽蓝谷 | 8.92 | 3.48% | 144.63万 | 12.76亿 | | 601633 | 长城汽车 | 23.45 | 2.18% | 29.42万 | 6.88亿 | | 600104 | 上汽集团 | 18.40 | 1.88% | 97.76万 | 18.17亿 | | 000572 | 步写汽车 | 4.50 | 0.90% | - 35.79万 | 1.61亿 | | 601238 | 广汽集团 | 7.55 | 0.67% | 25.78万 | 1.95 ...

Core Viewpoint - The Roewe M7 DMH stands out in the automotive market due to its exceptional range capabilities, making it an attractive option for consumers seeking a vehicle that meets both daily commuting and long-distance travel needs [1][10]. Summary by Categories Range Performance - The Roewe M7 DMH achieves a pure electric range of 160 km under the CLTC standard, making it the longest-range plug-in hybrid sedan priced under 150,000 yuan [3]. - Industry tests have shown that the actual pure electric range can reach up to 166.5 km, demonstrating a "reverse exaggeration" of its capabilities [3]. - In real-world conditions, the vehicle was tested with a load of approximately 180 kg, with 20% of the route in congested urban areas, maintaining an average speed of around 50 km/h, effectively meeting the commuting needs of family users [3]. Daily Commuting Efficiency - According to a report, plug-in hybrid users typically drive an average of 32 km daily, which translates to about 160 km over a five-day workweek. This means the Roewe M7 DMH can meet weekly commuting needs with just one charge [5]. - The cost of commuting in pure electric mode is estimated to be less than 7 yuan per week, leading to significant long-term savings [5]. Comprehensive Range and Fuel Efficiency - The Roewe M7 DMH boasts a comprehensive range exceeding 2050 km, with a low fuel consumption rate of 2.91 L/100 km when running out of battery [7]. - This performance alleviates concerns about finding charging stations during long trips, providing users with convenience for both weekend outings and spontaneous long-distance travel [7]. Design and Aesthetics - The vehicle features a striking design with a waterfall-style front face and multiple chrome strips, giving it a commanding presence among competitors [9]. - The vehicle also includes a unique welcome lighting feature that enhances the user experience at night, adding a sense of prestige [9].

Investment Rating - The report maintains a "Buy" recommendation for the automotive industry [2] Core Insights - Global light vehicle sales in June reached approximately 7.39 million units, a year-on-year increase of 2.1%, while overseas sales totaled about 4.67 million units, reflecting a year-on-year decline of 3.5% [2] - The report anticipates that overseas light vehicle sales will be approximately 54.98 million units in 2025, representing a year-on-year decrease of 0.2% [5] - The report highlights a significant decline in overseas vehicle sales, particularly in North America and Europe, while China shows a positive growth trend [5] Summary by Sections 1. Industry: Sales, Exchange Rates, Freight - Global light vehicle sales in June were approximately 7.39 million units, with overseas sales at about 4.67 million units, down 3.5% year-on-year [2] - In June, North America sold 1.55 million units (down 4.5% year-on-year), Europe sold about 1.57 million units (down 7.7% year-on-year), and China sold 2.72 million units (up 13% year-on-year) [5] - The report projects that overseas light vehicle sales will decline by 0.2% in 2025, with North America expected to see a 1.5% decrease and Europe a 2.3% decrease [5] 2. Market Competition - The report discusses the competitive landscape, noting that major automakers are facing challenges due to geopolitical tensions and economic uncertainties [5] - It highlights the performance of leading companies in the global market, with a focus on their sales shares and competitive strategies [5] 3. Automotive and Parts Company Export Situation - The report provides insights into the export performance of domestic automotive manufacturers, indicating a growing trend in exports [5] - It lists companies with significant overseas revenue contributions, emphasizing their market positions and growth potential [5]

Group 1 - The automotive industry is a crucial pillar of the national economy, and the convenience and intelligence of the consumption process directly impact market vitality and consumer experience [1] - Since July, various regions have been promoting online services for new car purchases, insurance, tax payments, and license plate registration to enhance consumer experience and support the construction of a unified online automotive market [1][2] Group 2 - The Chinese government has been accelerating the establishment of a unified national market, with recent policies aimed at creating an efficient, fair, and open market for the automotive industry [2] - Long-standing issues in the automotive consumption process, such as multiple steps and lengthy procedures, have hindered market vitality and negatively affected consumer experiences [2] Group 3 - The Ministry of Public Security has launched a pilot program for new car registration across several cities, enhancing the efficiency of the car purchasing process [3] - The "Traffic Management 12123" app has been upgraded to provide a one-stop service for new car selection, insurance purchase, tax payment, and license plate registration, significantly simplifying the process [3][4] Group 4 - The implementation of AI and data sharing technologies has allowed for a significant reduction in vehicle registration times, with some cities reporting efficiency improvements of approximately 60% [4][6] - Several automotive companies are actively participating in digital reform initiatives, with some achieving a 100% inspection rate at the factory level through AI technology [5][6] Group 5 - The automotive market is transitioning from a seller's market to a buyer's market, necessitating better alignment with consumer demands [7] - Common challenges remain in the construction of a unified automotive market, including data barriers across departments and varying policies affecting online processes [7][8] Group 6 - The industry anticipates a clear timeline and roadmap for the establishment of a unified market, including the standardization of vehicle inspection processes and the expansion of the "Traffic Management 12123" app's functionalities [8] - Collaborative efforts among government, automotive companies, and service providers are essential for optimizing services and enhancing user experience in the automotive sector [8]

证券之星消息，8月14日乘用车板块较上一交易日下跌0.65%，海马汽车领跌。当日上证指数报收于 3666.44，下跌0.46%。深证成指报收于11451.43，下跌0.87%。乘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) | | --- | --- | --- | --- | --- | --- | | 600104 | 上汽集团 | 18.06 | 0.39% | 66.11万 | 11.95 Z | | 002594 | 比亚迪 | 106.37 | -0.43% | 41.95万 | 44.78 Z | | 601127 | 赛力斯 | 128.00 | -0.71% | 14.21万 | 18.29 Z | | 000625 | 长安汽车 | 12.88 | -1.15% | 86.90万 | 11.26亿 | | 601633 | 长城汽车 | 22.95 | -1.25% | 21.90万 | 5.05亿 | | 601238 | 广汽集团 | 7.50 | -1.45% | 31.24万 | 2.36亿 | | 600733 | 北汽 ...

Core Viewpoint - The National Index of Free Cash Flow has shown a positive trend, with significant increases in component stocks, indicating a strong market performance driven by liquidity and supportive policies [1][2]. Group 1: Market Performance - As of August 14, 2025, the National Index of Free Cash Flow rose by 0.19%, with notable gains in stocks such as Mould Technology, which increased by over 8% [1]. - The Free Cash Flow ETF (159201) experienced a 0.09% increase, marking its fifth consecutive rise, with the latest price at 1.09 yuan [1]. - The average daily trading volume of the Free Cash Flow ETF over the past month was 318 million yuan, ranking it first among comparable funds [1]. Group 2: Tracking Accuracy - The Free Cash Flow ETF has demonstrated the highest tracking accuracy among comparable funds, with a tracking error of 0.071% over the past month [1]. Group 3: Top Holdings - As of July 31, 2025, the top ten weighted stocks in the National Index of Free Cash Flow accounted for 57.66% of the index, including SAIC Motor, China National Offshore Oil, Midea Group, and Gree Electric [1][3]. Group 4: Investment Characteristics - The Free Cash Flow ETF is designed to closely track the National Index of Free Cash Flow, selecting stocks with positive and high free cash flow, indicating high quality and strong risk resistance, suitable for long-term investment [4]. - The fund management fee is set at an annual rate of 0.15%, and the custody fee at 0.05%, both of which are among the lowest in the market [4]. Group 5: Market Dynamics - The current market rally is characterized by liquidity-driven dynamics, with active participation from ETFs, retail investors, and leveraged funds, supported by favorable policies aimed at enhancing the capital market [2].

Industry Overview - The automotive air conditioning filter industry is gaining popularity as a crucial device for maintaining in-car air quality, driven by increasing environmental policies, consumer health awareness, and the growth of the electric vehicle sector [1][10] - The market size of China's automotive air conditioning filter industry was 15.316 billion yuan in 2020 and is projected to grow to 21.904 billion yuan by 2024, with a compound annual growth rate (CAGR) of 9.4% [1][10] - The application of automotive air conditioning filters is expanding into public transportation and logistics, further boosting industry growth [1][10] Industry Chain - The industry chain consists of upstream raw material suppliers, midstream production of air conditioning filters, and downstream automotive manufacturing and aftermarket services [6] - The demand for air conditioning filters is closely linked to new vehicle production, as manufacturers aim for nearly 100% integration of filters in new vehicles [12] Market Demand - The demand for automotive air conditioning filters in the aftermarket is increasing due to rising vehicle ownership, with a projected demand of 353 million units by 2024, reflecting a year-on-year increase of 5.1% [14] - The OEM market for automotive air conditioning filters is expected to reach a demand of 31.28 million units by 2024 [12] Competitive Landscape - The competitive landscape of the automotive air conditioning filter industry is characterized by a mix of multinational corporations and emerging local brands, with significant opportunities for new entrants [16] - Key players include Zhejiang Jinhai High-tech Co., Ltd., Anhui Phoenix Filter Co., Ltd., and Bosch (China) Investment Co., Ltd., among others [16][17] Development Trends - Technological innovation is a driving force for the industry, with a focus on lightweight, energy-efficient, and intelligent products [21] - The market is becoming increasingly diversified, with manufacturers needing to develop targeted products to meet the varying performance requirements of different vehicle brands and models [22] - Supply chain integration and optimization are essential for enhancing competitiveness, with manufacturers encouraged to leverage digital technologies for better supply chain management [23]

资金流向方面，上汽集团8月13日主力资金净流出1.83亿元，占流通市值比例为0.09%。近五个交易日累 计主力资金净流出4.63亿元，占流通市值比例为0.22%。 截至2025年8月13日15时，上汽集团股价为17.99元，较前一交易日收盘价下跌0.02元，跌幅为0.11%。 当日开盘价为18.06元，最高触及18.25元，最低下探至17.87元，成交量为73.36万手，成交金额达13.25 亿元。 上汽集团是国内领先的汽车制造企业，主营业务涵盖整车、零部件、汽车金融、出行服务等领域。公司 旗下拥有多个知名汽车品牌，产品覆盖乘用车、商用车全系列车型。 消息面上，香港保监局近日向由上汽集团成立的专属自保保险公司——上海汽车集团保险有限公司发出 开业授权。这是香港今年第二家获得授权开业的自保公司，也是第六家在港注册的自保公司。此外，上 汽通用别克宣布全新GL8陆尊正式开启预售，该车型搭载全新插混系统，纯电续航达202公里。 风险提示：以上内容仅供参考，不构成任何投资建议。市场有风险，投资需谨慎。 ...