每经AI快讯，金龙汽车1月27日晚间发布业绩预告，预计2025年年度实现归属于上市公司股东的净利润 约4.63亿元（未经审计），与上年同期约1.58亿元相比，将同比增长193.68%。业绩变动主要原因是， 主营业务影响。报告期内，得益于海外市场的稳步增长，出口业务收入及占比提高，公司业绩增加。非 经常性损益的影响。报告期内，公司非经常性损益同比下降。主要是由于本期信用减值损失转回减少、 政府补助下降以及非流动资产处置收益变动所致。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 每经头条（nbdtoutiao）——国际金价冲破5000美元！7年涨了280%，什么时候才见顶？专家：关键还 看美元，重点关注国际货币体系、降息和科技革命 （记者 王瀚黎） ...

人民财讯1月27日电，金龙汽车（600686）1月27日公告，公司预计2025年度实现归属于上市公司股东的 净利润约4.63亿元(未经审计)，同比增长193.68%。报告期内，公司海外市场的稳步增长及出口业务收入 的提高是业绩增加的主要因素。 ...

报告期内，得益于海外市场的稳步增长，出口业务收入及占比提高，公司业绩增加。报告期内，公司非 经常性损益同比下降。主要是由于本期信用减值损失转回减少、政府补助下降以及非流动资产处置收益 变动所致。 格隆汇1月27日丨金龙汽车(600686.SH)公布，经财务部门初步测算，预计2025年年度实现归属于上市公 司股东的净利润约4.63亿元（未经审计），将同比增长193.68%。预计2025年年度实现归属于上市公司 股东的扣除非经常性损益的净利润约1.87亿元（未经审计）。 ...

Financial Performance Forecast - The company expects a net profit attributable to shareholders of approximately CNY 46.326 million for the year 2025, representing a year-on-year increase of 193.68% compared to CNY 15.774 million in 2024[2][4][6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be around CNY 18.738 million for 2025[2][4]. - The company reported a net profit of CNY 15.774 million in 2024, with a net loss of CNY 15.793 million after deducting non-recurring gains and losses[6]. - The earnings per share for the previous year was CNY 0.22[7]. Factors Influencing Performance - The increase in performance is primarily attributed to steady growth in overseas markets, leading to higher export revenue and its proportion[8]. - Non-recurring gains and losses are expected to decrease compared to the previous year, mainly due to reduced credit impairment losses, a decline in government subsidies, and changes in non-current asset disposal gains[9]. Earnings Forecast Validity - The earnings forecast is based on preliminary calculations and has not been audited by registered accountants[5][11]. - There are no significant uncertainties affecting the accuracy of this earnings forecast[10]. - Investors are advised that the above forecast data is preliminary and the specific financial data will be disclosed in the official 2025 annual report[11].

Core Viewpoint - The commercial vehicle sector experienced a rise of 2.28% on January 27, with China National Heavy Duty Truck leading the gains, while the Shanghai Composite Index increased by 0.18% and the Shenzhen Component Index rose by 0.09% [1]. Group 1: Market Performance - The commercial vehicle sector's stocks showed varied performance, with China National Heavy Duty Truck closing at 18.60, up by 5.50%, and Jianghuai Automobile at 52.90, up by 4.55% [1]. - The trading volume for Jianghuai Automobile was 703,300 shares, resulting in a transaction value of 3.682 billion yuan [1]. - Other notable performers included Yutong Bus, which rose by 3.65% to close at 32.40, and Zhongtong Bus, which increased by 1.29% to 11.79 [1]. Group 2: Capital Flow - The commercial vehicle sector saw a net inflow of 53.1984 million yuan from institutional investors, while retail investors contributed a net inflow of 78.1087 million yuan [2]. - Conversely, speculative funds experienced a net outflow of 131 million yuan [2]. - The capital flow data indicates that Jianghuai Automobile had a significant net inflow of 91.0266 million yuan from institutional investors, while Foton Motor faced a net outflow of 155.29 million yuan from speculative funds [3].

1月27日，据越南政府网站，比亚迪日前与越南金龙汽车（ Kim Long ）签署协议，将在越南中部建设 一座商用电动汽车电池工厂。该工厂将生产巴士、卡车、小型客车等商用车配套电池。该项目两期总投 资额为1.3亿美元。一期建设带顶厂房面积达4.4公顷，年产能达3吉瓦时。二期计划扩建带顶厂房面积至 10公顷，新增乘用车电池产线，总产能提升至6吉瓦时。 ...

越南汽车制造商金龙汽车公司周二表示，正与中国的比亚迪公司合作，在越南中部建设一座价值 1.3 亿 美元的工厂，用于生产商用电动汽车电池。 该公司表示，运营工作预计很快就会启动，但并未给出确切的时间表。 在第二阶段，该工厂的面积将扩大至 10 公顷，并将产能翻倍至每年 6 吉瓦时。此次扩建还将引入电动 汽车乘用车的电池生产。 该工厂将生产用于商用车辆的电池，包括公交车、卡车和小型巴士。 责任编辑：于健 SF069 越南汽车制造商金龙汽车公司周二表示，正与中国的比亚迪公司合作，在越南中部建设一座价值 1.3 亿 美元的工厂，用于生产商用电动汽车电池。 该公司在一份声明中称，根据协议，金龙汽车公司将负责该工厂的建设资金，而比亚迪公司将提供全面 的技术和工程支持。 金龙汽车公司在一份声明中表示，该工厂将建在一块 4.4 公顷的土地上，年产能将达到 3吉瓦时。 广告 · 按下箭头继续滚动 该公司称运营即将启动，但并未给出确切的时间表。 金龙汽车公司在一份声明中表示，该工厂将建在一块 4.4 公顷的土地上，年产能将达到 3吉瓦时。 广告 · 按下箭头继续滚动 该公司称运营即将启动，但并未给出确切的时间表。 该公司表示，运 ...

Core Viewpoint - The commercial vehicle industry in China is experiencing a paradox of increasing sales but declining profits, driven by intense competition and a shift towards new energy vehicles [8][10][29]. Group 1: Market Overview - In 2025, the commercial vehicle market in China achieved a total sales volume of 4.296 million units, representing a year-on-year growth of 10.9% [8]. - The heavy truck market, often seen as a barometer of economic activity, sold 1.145 million units, up 27% year-on-year, indicating a recovery in demand [13]. - Despite the growth in sales, the profitability of leading companies has declined, with a total net profit of only 25.74 billion yuan for seven major manufacturers, down 40% year-on-year [13][14]. Group 2: Profitability Challenges - The industry faces a "sell more, earn less" scenario, where increased sales do not translate into higher profits due to price wars and compressed margins [9][24]. - The logistics sector is experiencing a supply-demand imbalance, with the average freight rate index at a historical low of 105.1 points, leading to significant drops in transport fees [17][19]. - The cost of traditional fuel vehicles remains high compared to new energy vehicles, which are driving down market prices and squeezing profit margins for traditional operators [20][22]. Group 3: Transition to New Energy - The penetration rate of new energy commercial vehicles exceeded 25% in 2025, with a total of 95.4 million units sold, marking a 63.7% increase year-on-year [42]. - Companies like Foton Motor have successfully adapted to the new energy landscape, achieving a revenue increase of 27.1% and a net profit surge of 157.4% [41]. - The transition to new energy and smart technologies is seen as essential for future profitability, although the initial costs remain high [25][27]. Group 4: Competitive Landscape - The market is increasingly dominated by a few leading companies, with over 70% market share held by top players like Beiqi Foton and China National Heavy Duty Truck [31]. - Successful companies are leveraging strategic positioning, policy alignment, and market responsiveness to navigate the competitive landscape [34][36]. - The focus is shifting from volume growth to refined competition, emphasizing the importance of understanding market dynamics and customer needs [54]. Group 5: Future Outlook - The commercial vehicle industry must transition from a reliance on one-time sales to a focus on long-term value creation through lifecycle services [56][70]. - Companies are setting ambitious sales targets for 2026, with major players like FAW Jiefang and China National Heavy Duty Truck aiming for significant increases in sales volume [56][59]. - The key to success in 2026 will be the ability to harness policy support, technological advancements, and a focus on customer-centric service models [60][73].

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600686 | 金成汽车 | 19.06 | -10.01% | 19.77万 | 3.86 Z | | 600418 | 江淮汽车 | 50.60 | -2.62% | 54.35万 | 27.49亿 | | 000957 | 中通客车 | 11.64 | -1.69% | C 17.77万 | 2.07亿 | | 600006 | 东风股份 | 7.12 | -1.66% | 12 32.69万 | 2.34亿 | | 600375 | 汉马科技 | 6.34 | -1.55% | 64.67万 | 4.16 乙 | | 600303 | 曙光股份 | 3.32 | -1.19% | 22.59万 | 7484.01万 | | 000868 | 安凯客车 | 5.01 | -1.18% | 12.94万 | 6477.12万 | | 600166 | 福田汽车 | 3.19 | -0.93% | 182.08万 | 5.79亿 | | 000 ...

Core Viewpoint - In December 2025, China's bus exports reached a record high, with total exports exceeding 10,000 units for the first time, marking a significant year-end surge in the industry [1][4]. Export Performance - In 2025, a total of 78,313 buses were exported, a 26.68% increase from 61,820 units in 2024 [1][11]. - December 2025 saw exports of 11,975 buses, a year-on-year increase of 63.73% and a month-on-month increase of 112.51% [1][4]. Market Segmentation - All segments (large, medium, and light buses) experienced significant growth in December 2025, with large buses exporting 5,070 units (up 35.89%), medium buses 4,028 units (up 214.44%), and light buses 2,877 units (up 24.98%) [3][4]. - The overall export volume in December was nearly double that of November, indicating a strong recovery after two months of decline [4][8]. Company Rankings - Yutong Bus led the export rankings with 17,149 units, a 22.49% increase from 14,000 units in 2024 [10][11]. - Xiamen Jinlong followed with 12,255 units, a remarkable 64.90% increase, while Ankai Bus saw a dramatic rise of 152.84% to 5,034 units [10][12]. Segment Leaders - In the seating bus category, Xiamen Jinlong topped the list with 9,953 units exported, a 57.63% increase, while Yutong followed with 8,392 units [17][18]. - For public buses, Yutong also led with 8,460 units, a 37.61% increase, followed by BYD with 4,173 units [26][27]. Future Outlook - The bus export market is expected to remain strong in 2026, with potential for further growth as the industry recovers from previous declines [8][29].