Group 1 - The State Intellectual Property Office of China shows that Beiqi Foton Motor Co., Ltd. has applied for a patent titled "Vehicle Control Method, Device, Storage Medium, and Vehicle," with publication number CN119953230A, and the application date is November 2023 [1] - The patent involves a vehicle control method that includes obtaining the state of charge (SOC) value of the vehicle's power battery and adjusting the current output power of the fuel cell based on the SOC value when it is outside a first preset range, aiming to maintain the SOC value within that range [1] - This method helps to control the output power of the vehicle's fuel cell during operation, preventing issues such as high throughput, increased temperature, shortened lifespan of the power battery, and reduced vehicle performance at low SOC values [1] Group 2 - Beiqi Foton Motor Co., Ltd. was established in 1996 and is located in Beijing, primarily engaged in the automotive manufacturing industry [2] - The company has a registered capital of 791,740.0367 million RMB and has invested in 64 enterprises, participated in 5,000 bidding projects, and holds 1,517 trademark records and 5,000 patent records [2] - Additionally, the company possesses 3,080 administrative licenses [2]

Core Insights - Foton Motor has demonstrated strong sales performance in April, achieving a total sales volume of 54,816 units, representing a year-on-year increase of 21.6% [1][3] - The company has consistently outperformed the commercial vehicle industry, with significant growth in heavy trucks (121%), light trucks (16%), and new energy vehicles (203%) [1][3][4] Sales Performance - In April, Foton's heavy truck sales reached 11,883 units, while light truck sales were 37,904 units, and new energy vehicle sales totaled 8,193 units [1][3] - For the first quarter of 2023, Foton sold over 170,000 units, with new energy vehicle sales increasing by 174.2% year-on-year [3][4] Industry Context - The overall commercial vehicle market in China is recovering but at a slower pace, with a 5.1% increase in production and a 1.8% increase in sales in the first quarter of 2023 [3] - Foton's performance highlights its leading position in the commercial vehicle sector, contrasting with the industry's overall sluggish recovery [3][4] Strategic Initiatives - Foton has been proactive in embracing the transition to new energy vehicles, having started its R&D in this area as early as 2003 [6] - The company aims to have over 50% of its sales from new energy vehicles by 2030, aligning with China's carbon neutrality goals [6][7] Global Expansion - Foton has established a strong international presence, with 22 KD factories and products sold in over 130 countries [9] - The company plans to achieve sales of 300,000 units in overseas markets by 2030, with a target of 30% from new energy vehicles [9] Innovation in Business Model - Foton has launched the "Aiyike" brand to integrate various business segments, focusing on energy, leasing, and digital services [10] - This approach aims to provide a comprehensive solution for customers, enhancing competitiveness in the market [10] Historical Development - Foton has undergone four significant phases of development since its inception, establishing itself as a leading brand in the commercial vehicle sector [11][12] - The company's evolution reflects broader trends in the Chinese commercial vehicle industry, showcasing its adaptability and growth [12]

北汽福田汽车股份有限公司 2025 年第五次临时股东大会会议资料 股票简称：福田汽车 股票代码：600166 2025 年 5 月·北京 1 目 录 2 议案一： 北汽福田汽车股份有限公司 关于参与认购北汽蓝谷新能源科技股份有限公司向特定对象发 行股票暨关联交易的议案 各位股东： 本议案已于 2025 年 4 月 28 日经北汽福田汽车股份有限公司（以下简称"公 司"）董事会、监事会审议通过。公司独立董事召开了专门会议，全体独立董事一 致同意将该议案提交董事会审议，并发表了同意该议案的审核意见。公司监事会 认为：本次关联交易遵循了公正、公允、公平原则，交易价格公允，不会对公司 的独立性产生影响，不存在损害公司及全体股东特别是中小股东利益的情形。本 次关联交易事项审议、表决程序符合法律、法规及《公司章程》的规定。 现就本议案向公司股东大会做汇报。 一、对外投资暨关联交易概述 北汽蓝谷新能源科技股份有限公司（以下简称"北汽蓝谷"）拟向特定对象 发行股票（以下简称"本次发行"），发行股份数量不超过 1,672,050,950 股（含 本数），募集资金总额不超过人民币 600,000 万元。其中，公司拟认购金额不超过 ...

北汽福田汽车股份有限公司 2024 年年度股东大会会议资料 股票简称：福田汽车 股票代码：600166 2025 年 5 月·北京 1 议案一： 北汽福田汽车股份有限公司 2024 年度董事会工作报告 各位股东： 2024 年，全球经济格局复杂多变，地缘政治冲突、贸易保护主义等因素持续 冲击着世界经济。在这样的大环境下，我国经济展现出强大的韧性与活力，实现 了 5%的 GDP 增速，继续作为世界经济增长的重要动力源，为全球经济的稳定与发 展注入了强大的中国力量。 国内商用车市场进入存量竞争时代，需求转弱的矛盾依旧凸出，"内卷"式竞 争和价格战依然存在，导致商用车行业发展不及预期，2024 年我国商用车行业实 现销量 387.32 万辆，同比降低 3.91 个百分点。 目 录 《2024 年度独立董事述职报告（李亚）》 《2024 年度独立董事述职报告（刘亭立）》 《2024 年度独立董事述职报告（黎韦清）》 2 议案一、《2024年度董事会工作报告》 议案二、《2024年度监事会工作报告》 议案三、《2024年度财务决算报告》 议案四、《关于2024年度利润分配方案及公积金转增股本方案的议案》 议案五、《关于 ...

证券代码：600166 证券简称：福田汽车 编号：临 2025—038 上述担保均在年度股东大会授权范围内。 北汽福田汽车股份有限公司 关于年度担保计划范围内担保进展的公告 一、担保情况概述 公司董事会于 2025 年 3 月 12 日、股东大会于 2025 年 3 月 28 日审议通过了《关 于 2025 年度向非关联方提供担保计划的议案》《关于 2025 年度向关联方提供关联担保 计划的议案》，公司对全资子（孙）公司的总担保额度不超过 63 亿元，公司对控股子 （孙）公司的总担保额度不超过16.6亿元，公司对参股子公司的总担保额度不超过 1.05 亿元，公司（含子公司）对产业链上下游企业及终端客户的担保额度不超过 53.9 亿元、 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。 根据上海证券交易所最新修订的对外担保格式指引等相关披露要求，公司对 年度担保计划范围内的担保进展情况进行月度汇总披露。 被担保人名称及是否为上市公司关联人 北京安鹏中融汽车新零售科技有限公司下属子公司北京中车信融融资租赁有 限公司（以下简称"中车信 ...

Industry Insights - Foton Motor is upgrading its strategy in Brazil, marking a new phase in its globalization efforts in the Latin American market with the launch of its factory in São Paulo [1] - The factory covers an area of 197,000 square meters and has an annual production capacity of 5,000 units, with an initial phase capacity of 2,000 units, capable of producing various vehicle types including medium and light trucks, and plans to expand to heavy trucks and pickups in the future [4] Product Analysis - As of April 28, 2025, Anhui Province has implemented a policy for the scrapping and updating of old operating trucks, while Zhejiang Province has released guidelines for subsidy applications [5] - Jiangsu and Shanghai have not yet published specific policies for old operating trucks but have issued notifications supporting the scrapping and updating of eligible vehicles [5] Sales Forecast - The heavy truck sales in Anhui Province for 2024 are projected at 25,000 units, a year-on-year decline of 5.9%, with a notable increase in sales in the last quarter following policy implementation [10] - By the end of 2024, the total replacement base in the Yangtze River Delta region is expected to reach 212,000 units, with a significant portion being heavy trucks [13] - The light commercial vehicle market is expected to see stable growth in 2025, with an estimated total sales of 2.82 million units, reflecting a year-on-year increase of 3.5% [17]

根据各家重卡企业提供的销售数据，今年4月，我国重卡市场销售各类车型约9万辆（批发统计口径，包含出口和新能源车辆），同比增长8％，比上年同 期净增约8000辆。今年1～4月，国内重卡市场累计销量35.5万辆，与上年同期基本持平。 01 5家企业销量破万辆 在重卡市场月度销量"排位赛"中，有5家企业月销破万辆。其中，中国重汽以约2.3万辆的销量位居首位；另外，同比增速跑赢市场大盘的企业有东风公 司、福田汽车和徐工汽车。 具体来看，4月，中国重汽销售各类重卡约2.3万辆，同比下降2%，位居行业第一；1～4月，中国重汽累计销量约9.72万辆，同比下降2.79％，市场占有率 为27.4％。一汽解放4月销售重卡约1.7万辆，同比下降6％，排名第二；1～4月，一汽解放累计销量7.1万辆，同比下降8.11％，市场占有率为19.9％。4 月，东风公司（包括东风商用车、东风柳汽乘龙、东风华神等）销售重卡约1.5万辆，同比增长39％，排名行业第三；今年1~4月，东风公司累计销售重卡 约5.45万辆，同比下降11.75％，市场占有率为15.3％。陕汽集团4月销售重卡约1.45万辆，与上年同期基本持平，位居行业第四；1～4月，陕汽集团 ...

Core Viewpoint - Foton Motor's 2024 annual report reveals a significant decline in revenue and profit, with total revenue at 47.698 billion yuan, down 14.97% year-on-year, and net profit attributable to shareholders at 80.5428 million yuan, down 91.14% year-on-year [2] Financial Performance - The company has reported a cumulative loss of over 14.451 billion yuan in net profit excluding non-recurring items from 2015 to 2024, with eight consecutive years of losses from 2015 to 2022 [3] - Foton Motor's stock price has decreased by over 13% since 2015 [3] Dividend Policy - Foton Motor will not distribute profits or increase share capital from reserves for the 2024 fiscal year, marking the seventh consecutive year without cash dividends [2] - The company's retained earnings are negative, with a deficit of 4.538 billion yuan as of the end of Q1 this year, indicating challenges in future cash dividend distributions [2] Asset Structure - As of the end of Q1, the company's debt-to-asset ratio reached 74.44%, with a ratio of 70.5% after excluding advance receipts, both figures returning to historically high levels [6] - The company announced plans to subscribe for shares in Beiqi Blue Valley New Energy Technology Co., Ltd. for an amount not exceeding 2.5 billion yuan, raising concerns among investors about the source of funding and the company's profitability [6] Strategic Initiatives - Foton Motor stated that the share subscription aims to accelerate the transformation of commercial vehicles towards new energy and intelligence, mitigating cyclical risks in the commercial vehicle industry and allowing the company to benefit from the growth of the new energy passenger vehicle market [6]

Core Insights - Beiqi Foton's vehicle sales reached nearly 55,000 units in April, marking a year-on-year increase of 21.63%, with new energy vehicle sales at 8,193 units, up 202.88% [1][3] - The company experienced significant growth in heavy trucks and export business, with respective year-on-year increases of 120.83% and 11.36% [1] Group 1: New Energy Growth - Beiqi Foton's strong growth in new energy vehicles highlights its precise grasp of the new energy segment, driven by a combination of "policy + product + scenario" strategies [3] - The Foton Auman series has received carbon footprint quantification labels, making it one of the first heavy truck models in the commercial vehicle industry to achieve this [3] Group 2: Heavy Truck Business - In April, Beiqi Foton sold nearly 12,000 heavy trucks, a year-on-year increase of approximately 121%, leading the industry's overall recovery [3] - The growth is attributed to a dual-driven strategy of "technology upgrades + scenario deepening," with innovations in the Auman Galaxy series enhancing user experience through digital services [3] Group 3: International Expansion - Beiqi Foton's overseas sales exceeded 14,000 units in April, continuing a strong momentum from the first quarter, where cumulative overseas sales surpassed 40,000 units [3] - The company secured significant orders in Australia and Turkey, demonstrating its ability to navigate challenges posed by U.S. tariff policies [3] Group 4: Latin America Market - Beiqi Foton has established over 400 service outlets in Latin America and has launched its first locally produced light truck in Brazil, marking a significant milestone [4] - The company is transitioning from traditional trade exports to a model focused on local R&D and regional manufacturing, enhancing its presence in key markets like Mexico and Argentina [4] Group 5: ESG Initiatives - Beiqi Foton released its first ESG report, aiming to reduce carbon emissions by approximately 13,000 tons by 2024, a 17.71% reduction from the baseline year [4] - The company has set ambitious carbon neutrality goals, targeting peak carbon emissions by 2028 and full carbon neutrality across its value chain by 2050 [4] Group 6: Future Strategy - Beiqi Foton plans to implement the "New Energy 30·50 Strategy," aiming for over 50% of its sales to be from new energy vehicles by 2030 and to become a global leader in green transportation by 2050 [5] - The strategy focuses on enhancing self-research capabilities and developing key technologies to solidify its position in the new energy vehicle market [5]

Group 1 - The 27th China Beijing International Technology Industry Expo opened on May 8 at the National Convention Center, showcasing the achievements of BAIC Group as a representative of intelligent manufacturing in the capital [1] - The exhibited models include three major self-owned brands: Arcfox, Beijing Off-road, and Xiangjie, featuring the new concept car Arcfox 77° with a coupe design and advanced seating modes [3] - The Arcfox Alpha S5 is equipped with CATL's Shenxing battery, achieving a CLTC range of 708 kilometers, with a 15-minute charge providing an additional 525 kilometers of range [3] Group 2 - The Beijing Off-road BJ40 extended version has a comprehensive range of 1200 kilometers, while the Xiangjie S9 extended version has a CLTC range of 1355 kilometers and a WLTC fuel consumption of 5.93L/100km [3] - The technology exhibition area highlighted two chassis platforms: the Beijing Off-road super extended platform with modular design and intelligent energy management, and the fully decoupled skateboard electric platform featuring CTC battery integration technology [5] - BAIC Group, as a "chain master" enterprise in Beijing's automotive industry, has invested in over 200 industry chain companies, focusing on key areas such as smart hardware and chips, with over 100 specialized enterprises nurtured [6] Group 3 - In 2023, BAIC Group's R&D investment intensity reached 3.3%, with over 25,000 patent applications filed, indicating a strong commitment to innovation [6] - The company aims to strengthen research and development in new energy and intelligent technology, promoting collaborative innovation in the Beijing-Tianjin-Hebei automotive industry chain [6]