证券代码：600686 证券简称：金龙汽车 编号：2025-017 厦门金龙汽车集团股份有限公司 关于董事长辞任的公告 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有限公司（以下简称"公司"）董事会于近日收到谢 思瑜先生的辞任函。因工作变动原因，谢思瑜先生提出辞去公司董事长、董事、 董事会战略委员会主任委员和董事会审计委员会委员职务，辞任后不在公司担任 其他任何职务。 谢思瑜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，谢 思瑜先生的辞任自辞任报告送达董事会之日起生效。公司将按照法定程序，尽快 完成补选公司董事和选举新任董事长、董事会战略委员会主任委员及董事会审计 委员会委员的工作。在此期间，经公司全体董事一致同意推举由陈建业先生代为 履行董事长、董事会战略委员会主任委员和董事会审计委员会委员职务。 谢思瑜先生在担任公司董事长及其他职务期间恪尽职守、勤勉尽责，对公司 高质量发展、规范治理以及制定战略规划等方面作出了重大贡 ...

金龙汽车（600686）公告，公司董事会收到谢思瑜先生的辞任函。因工作变动，谢思瑜先生提出辞去公 司董事长、董事、董事会战略委员会主任委员和董事会审计委员会委员职务，辞任后不在公司担任其他 任何职务。谢思瑜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。公司将尽快完成补选公司董事和选举新任董事长、董事会战略委员会主任委员及董事会审计委员会 委员的工作。在此期间，由陈建业先生代为履行上述职务。 ...

| 单位：辆 | | --- | | 项目名称 | 本月数 | 去年同月 | 当月同比 | 本年累计 | 去年同期 | 累计同比 | | --- | --- | --- | --- | --- | --- | --- | | | | | 增减 | | 累计 | 增减 | | 客车生产量 | 4,593 | 4,817 | -4.65% | 11,414 | 9,793 | 16.55% | | 其中：大型客车 | 1,888 | 1,892 | -0.21% | 4,540 | 3,785 | 19.95% | | 中型客车 | 761 | 646 | 17.80% | 1,781 | 1,593 | 11.80% | | 轻型客车 | 1,944 | 2,279 | -14.70% | 5,093 | 4,415 | 15.36% | | 客车销售量 | 4,640 | 4,605 | 0.76% | 11,044 | 9,879 | 11.79% | | 其中：大型客车 | 1,735 | 1,692 | 2.54% | 4,184 | 3,768 | 11.04% | | 中型客车 | 657 | 93 ...

Industry Overview - The RV, known as "home on wheels," combines the functions of a home and a vehicle, with types including motorhomes, towable RVs, off-road RVs, and racing RVs [1][4] - The RV market in China is transitioning from the introduction phase to the cultivation phase, with sales showing an upward trend, leading to market expansion [1][12] - The market size of China's RV industry has grown from approximately 50 billion yuan in 2018 to 108.49 billion yuan in 2024 [1][12] Domestic Market - Government policies such as the "14th Five-Year Plan for Tourism Development" and "Guidance on Promoting High-Quality Development of the Automotive Aftermarket" are fostering the growth of RV tourism and camping [6] - In 2024, 245 companies reported 895 new RV models, a 5.67% increase from 2023 [6] - The total RV sales in China increased from 7,374 units in 2018 to 11,748 units in 2024, although it decreased by 19.8% compared to 2023 [8] Market Competition - The RV industry in China has a low concentration, with CR3 and CR6 at 22.28% and 34.26% respectively, indicating a fragmented competitive landscape [14] - Major players include SAIC Maxus, Yutong Bus, Zhejiang Dade Longcui, and others, with SAIC Maxus holding approximately 10.39% of the market share [14] Development Trends - The RV industry is accelerating towards new energy and smart technology integration, with companies like Yutong and SAIC Maxus introducing electric RVs [20] - The integration of RVs with cultural tourism is creating new consumption scenarios, supported by government initiatives to establish RV stations along popular travel routes [22]

Group 1 - The concept of street vendor economy increased by 0.45% on April 1, with a net inflow of 464 million yuan from main funds [1] - A total of 18 stocks in this concept rose, while 12 stocks fell [1] - The top net inflow stocks included Jianghuai Automobile (3.23 billion yuan), Qianli Technology (70.41 million yuan), and Sais (56.03 million yuan) [1] Group 2 - Jianghuai Automobile (600418) had a latest price of 36.26 yuan, with a rise of 0.72% and a net inflow of 3.23 billion yuan, accounting for 12.17% of the main fund [2] - Qianli Technology (601777) saw a price of 8.38 yuan, with a 1.58% increase and a net inflow of 70.41 million yuan, representing 14.29% of the main fund [2] - Sais (601127) had a price of 125.82 yuan, with a slight decrease of 0.06% and a net inflow of 56.03 million yuan, making up 2.63% of the main fund [2]

Core Insights - The mask concept stocks experienced a net inflow of 182 million yuan on March 26, with a rise of 1.16% in the concept index [1] - A total of 80 stocks within the concept rose, while 15 stocks declined [1] Company Summaries - Gree Electric (000651) saw a net inflow of 198 million yuan, accounting for 11.98% of its market [2] - BYD (002594) had a net inflow of 175 million yuan, with a price increase of 1.74% [2] - Lens Technology (300433) recorded a net inflow of 135 million yuan, with a price increase of 1.39% [2] - Huazhong CNC (300161) experienced a net inflow of 58.32 million yuan, with a significant price increase of 6.45% [2] - Genesis (300083) had a net inflow of 54.91 million yuan, with a price increase of 2.66% [2] - Hanyu Group (300403) saw a net inflow of 50.92 million yuan, with a price increase of 5.7% [2] - Jinlong Automobile (600686) recorded a net inflow of 39.78 million yuan, with a price increase of 1.94% [2] - Huasheng Co. (600156) had a net inflow of 39.65 million yuan, with a notable price increase of 10.06% [2] - Cixing Co. (300307) experienced a net inflow of 39.22 million yuan, with a price increase of 10.2% [2] - Hezhuo Intelligent (603011) recorded a net inflow of 30.07 million yuan, with a price increase of 9.96% [2]

Summary of Jinlong Automobile Conference Call Industry Overview - The Chinese bus industry is currently in an upward cycle, with 2024 sales projected at approximately 520,000 units, which is below the peak of 600,000 units in 2014-2015, indicating potential for growth [8][10] - The industry is expected to exceed previous peak levels due to significant export volumes and favorable policies such as vehicle trade-in programs [10] Company Performance - Jinlong Automobile sold 23,000 large and medium-sized buses in 2023, capturing a market share of 25%, ranking second in the industry [2][3] - The company aims for nearly 50,000 units in total sales for 2024, including both large and medium-sized buses and light buses [3] - Jinlong's overseas sales revenue surpassed domestic revenue for the first time in 2023, with overseas sales accounting for 45% of total sales volume and 52% of total revenue [11] Financial Metrics - Jinlong's gross margin reached 17%, significantly higher than the domestic market average by six to seven percentage points [5] - The net profit margin of Jinlong is currently below that of competitors Yutong (10%) and Zhongtong (4-5%), but there is substantial room for improvement through cost reduction and efficiency enhancements [6][12] - If raw material costs decrease by 5%, Jinlong's gross margin could potentially reach 15.5% [6] Strategic Developments - Jinlong completed the acquisition of 100% of Xiamen Jinlv, enhancing its control and operational efficiency [2][9] - The proportion of high-priced, high-margin products increased from 23% in 2021 to 36% in 2024 [11] Autonomous Driving Initiatives - Jinlong is one of the earliest companies to invest in autonomous driving buses, having launched the Apollo autonomous bus in collaboration with Baidu in 2018, now in its second generation [7][13] - The company has also designed an autonomous minibus for Hong Kong Airport, positioning itself to benefit from the rapid increase in high-level intelligent driving penetration [7] Competitive Landscape - Jinlong competes with major players like Yutong and Zhongtong, with Yutong's revenue exceeding 30 billion yuan and Jinlong's around 20 billion yuan [4][12] - The profitability of Jinlong is currently lower than its competitors, but ongoing integration and cost optimization efforts are expected to enhance its financial performance [12] Market Trends - The penetration rate of autonomous commercial vehicles is anticipated to rise sharply in the next 2-3 years, which could significantly boost the company's gross and net profit levels [14] - The overall market dynamics suggest that as the penetration rate increases from 10% to 30%, the company's performance and valuation are likely to experience strong expansion [14]

证券代码：600686 证券简称：金龙汽车 编号：2025-015 厦门金龙汽车集团股份有限公司 2025 年 2 月份产销数据快报 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有限公司 2025 年 2 月客车产销数据快报如下： | 单位：辆 | | --- | | 项目名称 | 本月数 | 去年同月 | 当月同比 | 本年累计 | 去年同期 | 累计同比 | | --- | --- | --- | --- | --- | --- | --- | | | | | 增减 | | 累计 | 增减 | | 客车生产量 | 2,941 | 1,736 | 69.41% | 6,821 | 4,976 | 37.08% | | 其中：大型客车 | 1,035 | 647 | 59.97% | 2,652 | 1,893 | 40.10% | | 中型客车 | 326 | 282 | 15.60% | 1,020 | 947 | 7.71% | | 轻型客车 | 1,580 | 807 | 95.79% | 3, ...

重要内容提示： 公司于 2024 年 11 月 8 日披露了《金龙汽车关于持股 5%以上股东 集中竞价减持股份计划公告》（公告编号：2024-077），福建投资集团 拟自减持计划公告披露之日起 15 个交易日后的 3 个月内通过集中竞 价交易方式减持公司股份合计不超过 7,170,474 股，拟减持比例合计 不超过公司总股本的 1%。 截至 2025 年 2 月 28 日，福建投资集团已通过集中竞价交易方式合 计减持公司股份 1,830,000 股，约占公司总股本的 0.26%，上述减持 计划已届满。截至本公告披露日，福建投资集团持有公司股份总数 73,927,575 股，占公司总股本的 10.31%。 一、集中竞价减持主体减持前基本情况 证券代码：600686 证券简称：金龙汽车 公告编号：2025-014 厦门金龙汽车集团股份有限公司股东集中竞价减持 股份结果公告 本公司董事会、全体董事及相关股东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。 (一)大股东及董监高因以下事项披露集中竞价减持计划实施结果： 披露的减持时间区间届满 | 股东名称 | ...

证券代码：600686 证券简称：金龙汽车 公告编号：2025-013 厦门金龙汽车集团股份有限公司 2024 年前三季度权益分派实施公告 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。 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司 2025 年 2 月 13 日的 2025 年第二次临时股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 重要内容提示： 每股分配比例 A 股每股现金红利 0.02 元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/3/5 | － | 2025/3/6 | 2025/3/6 | 2. 自行发放对象 福建省汽车工业集团有限公司、福建省投资开发集团有限责任公司、福建省交通运输集 ...