Group 1 - The commercial vehicle sector increased by 0.98% on October 30, with Yutong Bus leading the gains [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] - Key stocks in the commercial vehicle sector showed varied performance, with Yutong Bus rising by 5.54% to a closing price of 32.20 [1] Group 2 - The main capital inflow in the commercial vehicle sector was 186 million yuan, while retail investors saw a net outflow of 50.39 million yuan [3][4] - The stock performance of major companies included: - Yutong Bus: 32.20, +5.54%, 309,400 shares traded - Zhongjun Vehicles: 9.53, +2.58%, 204,800 shares traded - China National Heavy Duty Truck: 17.48, +1.81%, 206,700 shares traded [1][3] Group 3 - The main capital inflow for key stocks included Jinlong Automobile with 71.62 million yuan and Jianghuai Automobile with 59.01 million yuan [4] - Yutong Bus experienced a net inflow of 45.81 million yuan from main capital, while retail investors had a net outflow of 11.08 million yuan [4]

Core Viewpoint - Hanma Technology's G9 range-extended mixer truck has officially debuted at a truck exhibition in Malaysia, marking the first range-extended heavy truck exported from China to Southeast Asia, and signifies the company's successful entry into overseas markets, injecting new momentum into green smart logistics in the region [1][3]. Group 1: Market Context - Malaysia, as a key node in the "Belt and Road" initiative, is becoming a leading market for the promotion of new energy vehicles in the ASEAN region, showcasing significant cooperation potential and development space [3]. - The Malaysian government is actively promoting the green transformation of the automotive industry through various policies, including tax reductions and infrastructure development, creating a favorable market environment for the new energy vehicle industry [3]. Group 2: Product Features - The G9 range-extended mixer truck is based on an alcohol-hydrogen electric architecture, utilizing a diesel range-extender system with an axial flux motor, achieving an efficiency exceeding 97% and an optimal diesel-electric conversion ratio of over 4.2 kWh/L, particularly excelling in low-speed complex road conditions [6]. - The truck features a spacious cabin with a fully suspended platform and multifunctional airbag shock-absorbing seats to alleviate driver fatigue, along with a three-step access ladder and extended handrails to meet ergonomic standards in various countries [6]. Group 3: Competitive Advantage - Hanma Technology has established a strong reputation in Southeast Asia through long-term dedication and solid product strength, providing customized solutions that match various transportation scenarios [8]. - The company has developed a mature service network in collaboration with overseas partners, ensuring timely after-sales support and parts supply, which alleviates customer concerns [8]. - The successful export of the G9 range-extended mixer truck represents a significant breakthrough for Hanma Technology in the Southeast Asian market, demonstrating the capability and commitment of Chinese commercial vehicle companies to participate in green international cooperation under the "Belt and Road" framework [8].

Core Viewpoint - Hanma Technology's stock has experienced fluctuations, with a year-to-date increase of 33.03% but a recent decline in the last five and twenty trading days, indicating potential volatility in investor sentiment [1]. Financial Performance - For the period from January to September 2025, Hanma Technology reported a revenue of 4.455 billion yuan, representing a year-on-year growth of 44.54% [2]. - The net profit attributable to the parent company for the same period was 40.6326 million yuan, showing a significant year-on-year increase of 110.92% [2]. Stock Market Activity - As of October 30, Hanma Technology's stock price was 7.33 yuan per share, with a market capitalization of 11.751 billion yuan [1]. - The stock experienced a net outflow of 31.4051 million yuan in principal funds, with large orders showing a buy of 175.594 million yuan and a sell of 423.909 million yuan [1]. Shareholder Information - As of September 30, the number of shareholders increased to 66,600, up by 71.00%, while the average circulating shares per person decreased by 41.52% to 16,329 shares [2]. - The company has cumulatively distributed 588 million yuan in dividends since its A-share listing, with no dividends distributed in the last three years [3]. Company Overview - Hanma Technology, established on December 12, 1999, and listed on April 1, 2003, is located in Ma'anshan Economic and Technological Development Zone, specializing in the research, production, and sales of heavy trucks, special vehicles, and automotive parts [1]. - The company's main business revenue composition includes complete vehicles and chassis (65.53%), special vehicles (20.27%), automotive parts (9.30%), and others (4.59%) [1].

Core Insights - A total of 490 stocks in the Shanghai and Shenzhen markets have experienced net outflows of main funds for five consecutive days or more as of October 29 [1] - The stock with the longest continuous net outflow is Zhongju Gaoxin, with 31 days of outflows, followed by Hengshen New Materials with 21 days [1] - The largest total net outflow amount is from China Merchants Bank, with a cumulative outflow of 3.093 billion yuan over 12 days [1] Group 1: Stocks with Longest Net Outflows - Zhongju Gaoxin has seen net outflows for 31 days, with a total outflow of 559 million yuan and a cumulative decline of 6.91% [1] - Hengshen New Materials has recorded net outflows for 21 days, totaling 197 million yuan, with a decline of 9.80% [3] - China Merchants Bank has the highest net outflow amount of 3.093 billion yuan over 12 days, with a net outflow ratio of 6.98% and a cumulative increase of 1.65% [1] Group 2: Other Notable Stocks - Guotai Junan has experienced net outflows for 10 days, amounting to 1.877 billion yuan, with a net outflow ratio of 7.89% and a cumulative increase of 2.70% [1] - Shengbang Co. has seen net outflows for 12 days, totaling 1.826 billion yuan, with a net outflow ratio of 9.52% and a cumulative decline of 10.65% [1] - Huajian Group has recorded net outflows for 6 days, with a total outflow of 1.713 billion yuan and a significant decline of 40.29% [1] Group 3: Stocks with Significant Outflow Ratios - Jianan Intelligent has the highest net outflow ratio at 14.74%, with a decline of 2.98% over the past 5 days [1] - Other notable stocks with high outflow ratios include Huayi Development at 11.91% and Pianzaihuang at 11.84% [1] - The overall trend indicates a significant outflow of funds from various sectors, reflecting investor sentiment and market conditions [1]

Core Viewpoint - Hanma Technology (600375.SH) reported a significant turnaround in its financial performance for the first three quarters of 2025, showcasing strong revenue growth and a return to profitability [1] Financial Performance - The company achieved total operating revenue of 4.455 billion yuan, representing a year-on-year increase of 44.54% [1] - The net profit attributable to shareholders was 40.6326 million yuan, a substantial recovery from a loss of 372 million yuan in the same period last year [1] - Basic earnings per share were reported at 0.03 yuan [1]

Group 1 - Hanma Technology (SH 600375) announced on October 28 that its 17th meeting of the 9th board of directors was held, discussing the proposal for the 2025 first extraordinary general meeting of shareholders [1] - For the first half of 2025, Hanma Technology's revenue composition was as follows: automotive manufacturing accounted for 95.1%, other businesses 4.59%, and financial leasing 0.31% [1] - As of the report date, Hanma Technology's market capitalization was 11.8 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after ten years of stagnation, with technology leading the market and a new "slow bull" pattern emerging [1]

汉马科技集团股份有限公司 汉马科技集团股份有限公司 董事会审计委员会工作规程 （2025 年 10 月修订） 第五条 审计委员会设主任委员一名，由独立董事中的会计专业人士担任， 负责主持委员会工作；审计委员会成员由三名不在公司担任高级管理人员的董事 组成，其中独立董事两名，且至少有一名独立董事为会计专业人士。审计委员会 成员应当具备履行审计委员会工作职责的专业知识和经验。 为进一步健全和完善汉马科技集团股份有限公司（以下简称"公司"或"本 公司"）内部控制制度，加强董事会的决策功能和对公司财务报告编制及披露工 作的监控，确保董事会对管理层的有效监督，充分发挥公司董事会审计委员会（以 下简称"审计委员会"）事前、事后审核的独立性，保护全体股东及利益相关者 的权益，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市 公司治理准则》、《上海证券交易所股票上市规则》、《汉马科技集团股份有限 公司章程》（以下简称"《公司章程》"）及其他相关规定，公司特设立董事会 审计委员会并制定本工作规程。 第一条 董事会审计委员会是董事会按照《公司章程》设立的专门工作机构， 对董事会负责，向董事会报告工作，主要负责审核公 ...

汉马科技集团股份有限公司 汉马科技集团股份有限公司 信息披露管理制度 （2025 年 10 月修订） 第一章 总则 第一条 为加强对汉马科技集团股份有限公司（以下简称"公司"或"本公 司"）信息披露工作的管理，规范公司信息披露行为，保证公司真实、准确、完 整地披露信息，切实保护公司、股东、债权人及其他利益相关者的合法权益，依 据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易所股票上 市规则》（以下简称"《上市规则》"）《上市公司信息披露管理办法》（以下简称"《披 露办法"》）等有关法律、法规、规范性文件及《公司章程》的规定，特制定本信 息披露管理制度。 本制度由公司各部门、各分子公司共同执行，公司有关人员应当按照规定履 行有关信息的内部报告程序进行对外披露的工作。 第二条 本制度所称信息披露是指将可能对公司证券及其衍生品种交易价 格产生重大影响而投资者尚未得知的重大信息以及证券监管部门要求披露的其 他信息，依据相关法律法规在规定时间内、在规定媒体上，通过规定的程序，以 规定的方式和格式，向社会公众公布前述的信息，并按规定报送证券监管部门和 上海证券交易所备案。 第三条 公司指定《中国证券报》《 ...

汉马科技集团股份有限公司 汉马科技集团股份有限公司 内部审计工作制度 （2025 年 10 月修订） 第一章 总则 第一条 为了规范公司内部审计工作，提升内部审计工作质量，充分发挥内 部审计在强化内部控制、改善经营管理、提高经济效益中的作用，根据《中华人 民共和国审计法》、《中华人民共和国审计法实施条例》、《审计署关于内部审计工 作的规定》、《上海证券交易所股票上市规则》、《上海证券交易所上市公司自律监 管指引第 1 号——规范运作》等国家相关法律、法规及规范性文件，依循《汉马 科技集团股份有限公司章程》并结合公司实际情况制定本制度。 第二条 适用范围：本制度适用于内控内审部对集团及下属公司开展的所有 内部审计工作，集团及下属公司所有经济活动依据本制度接受审计检查和监督。 第三条 定义: 内部审计，是一种独立、客观的确认和咨询活动，它通过运 用系统、规范的方法，审查和评价集团及下属公司的业务活动、内部控制和风险 管理的适当性和有效性，旨在改善公司治理、增加公司价值和促进公司目标实现。 审计报告，是指内部审计人员根据审计计划对被审计单位实施必要的审计程 序后，就被审计事项作出审计结论，提出审计意见和审计建议的书 ...

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