2025 年 5 月 21 日 一、审议通过《关于增补公司第十一届董事会董事的议案》 本次提名温桂香女士为公司第十一届董事会董事候选人，程序符合有关法律 法规和《公司章程》的相关规定。经审阅拟任董事个人简历等相关资料，我们认 为拟任人员具备担任公司董事的任职条件和履职能力，未发现存在《公司法》第 一百四十六条规定的情形，或被中国证监会确定为市场禁入者并且禁入尚未解除 之情形，亦不存在被证券交易所公开认定为不适合担任上市公司董事的情形。同 意将《关于增补公司第十一届董事会董事的议案》提交公司第十一届董事会第十 四次会议审议。 （表决情况：3 票同意，0 票反对，0 票弃权） 第十一届董事会独立董事专门会议第六次会议决议 厦门金龙汽车集团股份有限公司（以下简称"公司"） 第十一届董事会独立 董事专门会议第六次会议通知于 2025 年 5 月 16 日以书面形式发出，并于 2025 年 5 月 21 日以通讯方式召开。本次会议应出席独立董事 3 位，实际出席独立董 事 3 位。经全体独立董事共同推举，由赵蓓女士召集和主持本次会议。 本次会议的召集和召开符合《厦门金龙汽车集团股份有限公司章程》及《上 市公司独立董事管 ...

Investment Rating - The investment rating for King Long Automobile (600686) is not explicitly stated in the provided documents, but the report indicates a focus on the company's performance and market position [2]. Core Insights - In April 2025, King Long Automobile sold a total of 3,611 buses, reflecting a year-on-year decrease of 3.91%. However, the sales of light buses increased significantly by 24.76%, with 1,592 units sold [2]. - The company is leading in bus exports, with King Long and Xiamen Jinlv showing substantial growth in export volumes. In April 2025, King Long exported 917 buses, a year-on-year increase of 38.73%, capturing a market share of 15.99% [2]. - The demand for buses in major export markets, particularly in Asia and Africa, has increased significantly due to the Belt and Road Initiative, with notable growth in countries like Saudi Arabia and Vietnam [2]. Summary by Sections Sales Performance - In April 2025, King Long's sales included 1,592 light buses (up 24.76%), 598 medium buses (down 17.17%), and 1,421 large buses (down 19.26%) [2]. Export Performance - The total bus exports from China in April 2025 reached 5,736 units, a 26.71% increase from the previous year. King Long's cumulative exports for the first four months of 2025 were 3,573 units, marking a 76.79% increase [2]. Market Trends - The report highlights that the demand for buses in key export regions has risen significantly, particularly in Asia and Africa, driven by the Belt and Road Initiative [2].

Investment Rating - The investment rating for King Long Automobile (600686) is not explicitly stated in the provided documents, but the report indicates a focus on the company's performance and market position [2]. Core Viewpoints - In April 2025, King Long Automobile sold a total of 3,611 buses, representing a year-on-year decrease of 3.91%. However, the sales of light buses increased significantly by 24.76%, with 1,592 units sold [2]. - King Long and its subsidiary Jinlv are leading in bus export sales this year. In April 2025, China's total bus exports reached 5,736 units, a 26.71% increase from 4,527 units in April 2024. King Long's exports were 917 units, up 38.73%, while Jinlv's exports surged by 122.78% to 753 units [2]. - The demand for buses in major export markets, particularly in certain Asian and African countries, has increased significantly since 2025, driven by the Belt and Road Initiative [2]. Summary by Sections Sales Performance - In April 2025, King Long's sales included 1,592 light buses (up 24.76%), 598 medium buses (down 17.17%), and 1,421 large buses (down 19.26%) [2]. Export Performance - King Long's cumulative exports from January to April 2025 reached 3,573 units, marking a 76.79% increase year-on-year, securing the second position in the market with a 16.66% share [2]. - Jinlv's cumulative exports during the same period were 3,887 units, leading the market with a 127.04% increase and an 18.12% market share [2]. Market Trends - The report highlights a growing demand for buses in specific regions, particularly in Asia and Africa, as a result of the Belt and Road Initiative, which has positively impacted export figures [2].

厦门金龙汽车集团股份有限公司（以下简称"公司"）于 2025 年 4 月 26 日披 露关于召开 2024 年度股东大会的通知，公司拟于 2025 年 5 月 21 日 15:00 召开 2024 年度股东大会，本次会议采用现场投票和网络投票相结合的表决方式。详 见公司在上海证券交易所网站（www.sse.com.cn）及规定信息披露媒体刊登的 2025-030 号公告《金龙汽车关于召开 2024 年度股东大会的通知》。 为更好服务广大中小投资者，确保有投票意愿的中小投资者能够及时参会、 及时投票。公司拟使用上证所信息网络有限公司（以下简称"上证信息"）提供的 股东大会提醒服务，委托上证信息通过智能短信等形式，根据股权登记日的股东 名册主动提醒股东参会投票，向每一位投资者主动推送股东大会参会邀请、议案 情况等信息。投资者在收到智能短信后，可根据使用手册 （ 下 载 链 接 ： https://vote.sseinfo.com/i/yjt_help.pdf）的提示步骤直接投票，如遇拥堵等情况， 仍可通过原有的交易系统投票平台和互联网投票平台进行投票。 若广大投资者对本次服务有任何意见或建议，可通过邮件、投资者热 ...

Core Viewpoints - The automotive sector is expected to continue its upward trend, driven by three main themes: AI robotics, AI intelligence, and favorable market conditions [4][8] - The market showed strong performance in the automotive sector, with passenger vehicles and components leading the gains, influenced by better-than-expected adjustments in US-China tariffs and previous significant corrections in the automotive market [4][8] Weekly Review Summary - In the second week of May, the number of compulsory insurance policies reached 443,000 vehicles, reflecting a week-on-week increase of 6.5% and a month-on-month increase of 29.8% [2][7] - The SW automotive index rose by 2.4%, with the best-performing segments being SW passenger vehicles (+4.4%) and SW automotive components (+2.2%), while commercial vehicles and motorcycles showed declines [2][7] Key Industry Changes - Weipai New Energy launched the 2025 model of the Gaoshan vehicle, equipped with the Coffee Pilot Ultra intelligent driving assistance system [3][7] - BYD was added to the Hang Seng Technology Index [3][7] - Geely Automobile reported Q1 2025 revenue of 72.5 billion yuan, a year-on-year increase of 24.5%, and a net profit of 5.67 billion yuan, up 263.4% year-on-year [3][7] - The acquisition of 100% equity in Wuhu Changpeng was completed, and the company was renamed Wuhu Top [3][7] - Baolong Technology's second phase of the 4.8MW distributed photovoltaic project in Ningguo was completed and accepted [3][7] Sector Configuration Recommendations - The company maintains a positive outlook for 2025, focusing on three main themes: AI robotics, AI intelligence, and favorable market conditions, with the robotics theme expected to have the highest elasticity in May [5][8] - Recommended stocks for the AI robotics theme include Top Group, Junsheng Electronics, and Precision Forging Technology [5][8] - For the AI intelligence theme, preferred stocks include Xpeng Motors, Li Auto, and Xiaomi in Hong Kong, and Seres, SAIC Motor, and BYD in A-shares [5][8] - The favorable market conditions theme includes recommendations for bus manufacturers like Yutong Bus and heavy-duty trucks like China National Heavy Duty Truck and Weichai Power [5][8] Market Performance Tracking - The automotive sector ranked third in A-shares and first in Hong Kong this week, with strong performances in passenger vehicles and components [12][21] - The automotive sector's performance in the SW index showed significant gains, with passenger vehicles leading the way [15][21] Sales Data Overview - In April, the total number of passenger vehicles insured was 443,000, with a year-on-year increase of 29.8% [44] - New energy vehicles accounted for 222,000 units, with a penetration rate of 50.2% [44]

厦门金龙汽车集团股份有限公司（以下简称"公司"）董事会、监事会于近 日收到董事张帆先生和监事会主席叶远航先生的辞任函。因工作变动原因，张帆 先生提出辞去公司董事、董事会战略委员会委员职务；叶远航先生提出辞去公司 监事会主席、监事职务，辞任后张帆先生和叶远航先生不再担任公司其他任何职 务。 张帆先生的辞任不会导致公司董事会成员低于法定最低人数，不会影响公司 董事会正常运作。根据《公司法》及《公司章程》等相关法律法规的规定，叶远 航先生在公司股东大会补选监事之前，继续履行监事职责。公司将按照法定程序， 尽快完成补选公司董事、董事会战略委员会委员及监事、监事会主席的工作。 张帆先生和叶远航先生在担任公司董事、监事会主席及其他职务期间恪尽职 守、勤勉尽责，推动公司高质量发展。公司董事会、监事会向张帆先生和叶远航 先生致以衷心的感谢！ 特此公告。 证券代码：600686 证券简称：金龙汽车 编号：2025-034 厦门金龙汽车集团股份有限公司 关于董事、监事辞任的公告 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。 厦门金龙汽车集团股份 ...

Core Viewpoint - The launch of the "Yuanhai Kou" vessel marks a significant advancement in China's automotive shipping capabilities, particularly for electric vehicles, enhancing the efficiency of transportation to countries involved in the Belt and Road Initiative [1][2]. Group 1: Vessel Specifications and Features - The "Yuanhai Kou" vessel is the largest dual-fuel automotive transport ship in China, with a total length of 199.9 meters and a gross tonnage of 68,252 tons [2]. - It has a carrying capacity of 7,000 standard car spaces, accommodating various vehicle types including passenger cars, engineering vehicles, and buses [2]. - The vessel is equipped with an advanced LNG dual-fuel main engine, achieving a carbon reduction rate of over 24% upon operation [2]. - It features a distributed solar photovoltaic system with a peak power of 302.8 kilowatts, which is the largest installed on similar vessels [2]. - The design includes a container for growing fresh vegetables, creating a self-sufficient "green garden" on board [2]. Group 2: Operational Impact and Market Reach - The "Yuanhai Kou" vessel's inaugural route significantly reduces transportation time by nearly one-third compared to standard routes, benefiting automotive companies [1]. - The vessel operates on the "China-Mediterranean" liner route, utilizing Piraeus Port as a hub, which allows coverage of multiple European countries, major North African nations, and Black Sea region ports [1]. - It carries approximately 4,000 vehicles from Chinese brands, with over 90% being new energy vehicles, destined for countries such as Greece, Turkey, Italy, and Tunisia [1].

Group 1 - The company achieved an annual revenue of 22.966 billion yuan, with a net profit attributable to shareholders of 272.914 million yuan, representing an 89.45% increase year-on-year [21][26][27] - The company sold 50,100 buses, a year-on-year increase of 19.1%, and sold 21,100 new energy vehicles, a year-on-year increase of 42.61% [1][2] - The company exported 22,600 buses, a year-on-year increase of 19.8%, with export delivery value reaching 9.945 billion yuan, a year-on-year increase of 12.7% [1][2] Group 2 - The company focused on innovation, enhancing product quality, and optimizing resource allocation, leading to a significant improvement in gross profit margin [22][24] - The company plans to achieve a revenue growth of approximately 5% in 2025, maintaining the expense ratio at a similar level to 2024 [14] - The company aims to expand its overseas market presence, particularly in the new energy vehicle sector, leveraging its technological advantages [2][13] Group 3 - The company has established a robust corporate governance structure, adhering to relevant laws and regulations, and enhancing internal control systems [3][4] - The company held eight meetings of the supervisory board during the reporting period, ensuring compliance with decision-making procedures [19][20] - The company has committed to a stable profit distribution policy, proposing a cash dividend of 0.60 yuan per share for 2024 [27][30]

厦门金龙汽车集团股份有限公司 2024 年度股东大会 会议资料 二〇二五年五月二十一日 金龙汽车 2024 年度股东大会会议资料 目 录 | 1.议案一：2024 年度董事会工作报告 | 2 | | --- | --- | | 2.议案二：2024 年度监事会工作报告 | 10 | | 3.议案三：关于公司 2024 年度财务决算报告的议案 | 12 | | 4.议案四：关于公司 2024 年度利润分配预案及 2025 年中期分红授权的议案 | .. 16 | | 5.议案五：关于 2024 年度计提资产减值准备的议案 | 18 | | 6.议案六：金龙汽车 2024 年年度报告 | 21 | | 7.议案七：关于公司 2025 年度为客户提供融资担保的议案 | 22 | | 8.议案八：关于公司预计 2025 年度日常关联交易事项的议案 | 24 | | 9.议案九：关于公司开展 2025 年度理财业务的议案 | 32 | | 10.议案十：关于公司 2025 年度远期外汇交易的议案 | 34 | | 11.议案十一：关于子公司金龙联合为其子公司提供担保的议案 | 36 | | 12.议案十二：关于增补公司 ...

Investment Announcements - Jinchengxin plans to invest approximately $231 million in the development of the Alacran copper-gold-silver mine project, aiming to acquire a 55% stake in CMH Colombia S.A.S. after the acquisition [3] - China Merchants Bank intends to invest 15 billion yuan to establish a wholly-owned financial asset investment company, enhancing its integrated financial services capabilities [5][6] Performance Reports - Huahong Semiconductor reported Q1 2025 revenue of 3.913 billion yuan, an 18.66% year-on-year increase, but net profit decreased by 89.73% to 22.76 million yuan due to uncertainties in the semiconductor industry [7] - King Long Motor's April bus sales were 3,611 units, a 3.91% year-on-year decrease, while production was 4,361 units, down 5.79% year-on-year [8] - Zhengbang Technology reported April sales of 609,800 pigs, with revenue of 738 million yuan, a 174.29% year-on-year increase, attributed to orderly resumption of production [9] - Sunac China achieved a contract sales amount of approximately 1.1 billion yuan in April, with a cumulative total of 11.2 billion yuan by the end of April [10] Major Contracts - Pinggao Electric won contracts totaling approximately 1.751 billion yuan from the State Grid, representing 14.12% of its 2024 revenue [13] - State Grid Information Technology's subsidiaries secured contracts worth 477 million yuan, positively impacting future operating performance [14] - Dongfang Iron Tower won contracts worth about 100 million yuan from the State Grid, accounting for 2.39% of its 2024 revenue [15] - Jiaojian Co. won a construction project worth approximately 704 million yuan, representing 8.43% of its 2024 revenue [16] Shareholding Changes - Ruihua Tai's shareholder plans to reduce holdings by up to 1% of the company's shares [17][18] - *ST Gengxing's controlling shareholder intends to increase holdings between 30 million and 60 million yuan [19] - Lexin Technology's shareholder plans to reduce holdings by up to 1.2032% of the company's shares [20] Share Buybacks - Sichuan Meifeng plans to repurchase shares worth 50 million to 70 million yuan, with a maximum buyback price of 10.07 yuan per share [21]