2025年12月，商用车行业迎来年末人事调整密集期。国内多家商用车企，包括福田汽车、潍 柴动力、中通客车、金龙汽车、江铃汽车等相继公布重要人事变动，涉及董事会换届、高管退 休、岗位更替等多种类型。 福田汽车：新一届领导班子就位 常瑞任董事长！ 12月12日，北汽福田汽车股份有限公司发布2025年第八次临时股东会决议公告，选举产生了 新一届董事会成员。 经审议表决，选举常瑞、武锡斌、吴骥、顾鑫、王学权、王德成为公司第十届董事会董事。张 泉不再担任公司董事。同时，公司五届九次职工代表大会选举蔡恩禹担任公司第十届董事会职 工代表董事，李庆华不再担任职工代表董事。 12月22日，北汽福田汽车股份有限公司发布董事会决议公告。 （一）《关于选举常瑞同志为公司董事长的议案》 决议如下： 选举常瑞同志为北汽福田汽车股份有限公司第十届董事会董事长。 （二）《关于选举董事会各专门委委员的议案》 决议如下： 1、关于选举投资管理委员会成员： （1）选举常瑞董事为投资管理委员会委员； （2）选举武锡斌董事为投资管理委员会委员； （3）选举吴骥董事为投资管理委员会委员； （4）选举王学权董事为投资管理委员会委员； （5）选举叶盛基独立 ...

Core Viewpoint - The commercial vehicle industry in 2025 has undergone significant leadership changes across major companies, indicating a strategic shift in management amidst intense market competition [1][46]. Group 1: Major Company Leadership Changes - FAW Jiefang appointed Li Sheng as the new chairman, replacing Wu Bilei, and also saw a significant marketing leadership change with Yu Guangjiang taking over as the head of the marketing headquarters [1][9]. - China National Heavy Duty Truck Group (CNHTC) saw multiple leadership adjustments, with Liu Hongyong becoming chairman and Liu Zhengtai appointed as president [9][10]. - Dongfeng Motor Corporation experienced a series of leadership changes, including Zhang Xiaofan becoming chairman and Liu Liceng taking over as general manager [15][16]. - Weichai Power's president, Li Pengcheng, resigned due to work changes [17]. - Anhui Jianghuai Automobile Group announced a new leadership team with Xiang Xingchu as chairman and Li Ming as general manager [18]. Group 2: Other Notable Changes - The China Ordnance Industry Group appointed Zhou Zhiping as chairman [20]. - Beiben Heavy Truck Group appointed Liu Xiaodong as general manager [23]. - Foton Motor renewed the contract of its general manager, Wu Xibin [23]. - Guangzhou Automobile Group saw Feng Xingya take over as chairman, succeeding Zeng Qinghong [25]. - Changan Automobile Group was established as a new central enterprise, with Zhu Huarong as chairman and Zhao Fei as vice chairman [28]. Group 3: International and Joint Ventures - Cummins China announced several managerial changes across its joint ventures, including new appointments for general managers in various subsidiaries [40]. - Volvo Group China appointed Francis Sum as president, overseeing strategic planning and operations [41]. - ZF Group announced a leadership change with Matthias Miedreich becoming the new chairman [42]. - MAN Truck & Bus appointed Andrew O'Brooks as the new president for Greater China [43].

证券代码：600841 900920 证券简称：动力新科 动力B股 公告编号：临2025-080 上海新动力汽车科技股份有限公司2025年第二次临时股东会决议公告 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。 重要内容提示： ● 本次会议是否有否决议案：无 一、会议召开和出席情况 (四)表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次股东会所采用的表决方式是现场投票和网络投票相结合的方式。 （1）现场会议召开的日期时间：2025年12月19日下午3：00。召开地点：上海新动力汽车科技股份有限 公司（上海市杨浦区军工路2636 号）办公大楼会议室。 （2）网络投票系统：上海证券交易所股东会网络投票系统。 网络投票起止时间：自2025年12月19日至2025年12月19日。采用上海证券交易所网络投票系统，通过交 易系统投票平台的投票时间为股东会召开当日的交易时间段，即9:15-9:25,9:30-11:30，13:00-15:00；通 过互联网投票平台的投票时间为股东会召开当日的9:15-15:00。 本次 ...

证券日报网讯 12月19日晚间，动力新科发布公告称，公司2025年第二次临时股东会审议通过《关于补 选公司董事的议案》等多项议案。 （文章来源：证券日报） ...

Core Viewpoint - The company, Dongli New Science (动力新科), held its second extraordinary general meeting of shareholders for 2025 on December 19, where several key resolutions were passed, including the re-election of directors and adjustments to fundraising project allocations [1] Group 1: Corporate Developments - The company announced that it will no longer consolidate the financial statements of SAIC Hongyan starting from December 2025, following the court's approval of SAIC Hongyan's restructuring [1] - The management emphasized a new beginning for both Dongli New Science and SAIC Hongyan as they embark on separate paths [1] Group 2: Future Strategy - The General Manager, Liu Jianchao, stated that the company will continue to focus on its engine business while actively expanding its product range and optimizing its product structure [1] - The company plans to advance the research and development of engines using various fuels such as natural gas, methanol, and ammonia, while also accelerating sales in new energy businesses like power batteries and electric drive bridges [1] - Looking ahead to the 14th Five-Year Plan, the company aims to adhere to its development strategy of platformization, intelligent networking, new energy, and internationalization, with a focus on market orientation and user-centered approaches [1] - The company targets to double both sales and revenue by the end of the 14th Five-Year Plan [1]

Core Viewpoint - The company aims to achieve a doubling of both sales and revenue by the end of the 14th Five-Year Plan period, focusing on expanding its product range and optimizing its product structure while advancing its new energy business [1] Group 1: Company Strategy - The company plans to continue leveraging its engine business as a foundation while actively exploring new fuel engine developments, including natural gas, methanol, and ammonia [1] - The company will accelerate the sales of its new energy products, such as power batteries and electric drive bridges, and seek new growth opportunities [1] - The company is committed to a development strategy centered on platformization, intelligent networking, new energy, and internationalization, with a focus on market orientation and user-centered approaches [1] Group 2: Performance Metrics - In the first 11 months of 2025, the company sold 158,000 engines, representing a year-on-year growth rate of 22.39%, ranking second in the industry [2] - The market anticipates that the company's total sales for 2025 will be at a historically high level [2]

重要内容提示： 证券代码：600841 900920 证券简称：动力新科 动力 B 股 公告编号：临 2025-080 上海新动力汽车科技股份有限公司 2025年第二次临时股东会决议公告 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。 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东会召开的时间：2025 年 12 月 19 日 (二) 股东会召开的地点：上海新动力汽车科技股份有限公司办公大楼会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 357 | | --- | --- | | 其中：A 股股东人数 | 343 | | 境内上市外资股股东人数（B 股） | 14 | | 2、出席会议的股东所持有表决权的股份总数（股） | 722,346,204 | | 其中：A 股股东持有股份总数 | 721,784,010 | | 境内上市外资股股东持有股份总数(B 股) | 562,194 | | 3、出席会议的股东所持有表决权股份数占公司有表决 ...

上海市金茂律师事务所 致:上海新动力汽车科技股份有限公司 (引言) 上海新动力汽车科技股份有限公司(以下简称"公司")2025年第二次临 时股东会（以下简称"本次股东会"）现场会议于 2025 年 12 月 19 日在上海新 动力汽车科技股份有限公司(上海市杨浦区军工路 2636 号) 办公大楼会议室召 开。上海市金茂律师事务所经公司聘请委派沈粤律师、路遥律师(以下简称"本 所律师")出席会议,就本次股东会的召集、召开程序,出席会议人员资格,会 议议案,以及会议的表决程序、表决结果等发表法律意见。 本法律意见书根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规 则》(以下简称"《股东会规则》")、《上海证券交易所上市公司自律监管指 引第 1 号 -- 规范运作（2025 年 5 月修订）》（以下简称"《自律监管指引 1 号》")等有关法律、法规和规范性文件以及《上海新动力汽车科技股份有限公 司章程》（以下简称"《公司章程》"）而出具。 为出具本法律意见书,本所审查了公司本次股东会的有关文件和材料。本所 得到公司如下保证,即其已提供了 ...

Core Viewpoint - SAIC Hongyan's restructuring plan has been approved by the Chongqing Fifth Intermediate People's Court, marking a significant step towards its operational recovery and debt resolution [1][3]. Group 1: Restructuring Process - On July 1, 2025, Chongqing Anji Hongyan Logistics filed for bankruptcy restructuring for SAIC Hongyan due to its inability to repay debts and severe insolvency, despite having restructuring value [1]. - The court appointed Taihe Tai (Chongqing) Law Firm and Xinyong Zhonghe Accounting Firm as the managers for the restructuring process [1]. - A public recruitment for restructuring investors was initiated to facilitate the restructuring efforts [1]. Group 2: Investment and Financial Implications - On September 29, 2025, the board of Dongli Xinke approved a joint investment of 6.66 billion yuan to participate in SAIC Hongyan's restructuring, aiming for a 14.66% stake post-restructuring [2]. - The total investment from the consortium is expected to reach 30 billion yuan, targeting a 66% stake in SAIC Hongyan after restructuring [2]. - The restructuring plan was approved by creditors on December 10, 2025, indicating a consensus on the proposed recovery strategy [2]. Group 3: Operational Strategy and Market Position - The court found that the restructuring plan aligns with the principles of fair repayment and maximization of creditor interests, with a higher debt repayment rate compared to liquidation [3]. - The operational strategy includes leveraging SAIC Hongyan's complete heavy truck production line and advanced technology, focusing on both domestic and international markets while enhancing the "Hongyan" brand [3]. - SAIC Hongyan's strong market presence in the dump truck sector and opportunities in the export and new energy markets are highlighted as key advantages for future growth [4]. Group 4: Impact on Dongli Xinke - Following the restructuring approval, Dongli Xinke will adjust its financial statements to exclude SAIC Hongyan, which is expected to positively impact its financial metrics for 2025 [4]. - The one-time gain from this adjustment is projected to represent approximately 150% to 180% of Dongli Xinke's net profit attributable to the parent company for 2024 [4].

Group 1 - The core announcement is that Shanghai New Power Automotive Technology Co., Ltd. (referred to as "New Power") has received a court ruling approving the restructuring plan of its wholly-owned subsidiary, SAIC Hongyan Automobile Co., Ltd. (referred to as "SAIC Hongyan"), which will terminate the company's restructuring process [1] - The restructuring plan was previously approved by the creditors in a second meeting, indicating broad recognition of the plan's rationality and feasibility, showcasing confidence in SAIC Hongyan's future development [1] - The approval of the restructuring plan allows SAIC Hongyan to enter the implementation phase, which is expected to systematically resolve historical debt issues and optimize the company's equity structure [1] Group 2 - Following the restructuring, New Power's equity interest in SAIC Hongyan will be adjusted to zero, and starting from December 2025, SAIC Hongyan's financial statements will no longer be included in New Power's consolidated financial statements [2] - The one-time equity disposal gain from this adjustment is estimated to account for approximately 150%-180% of New Power's audited net profit attributable to shareholders for the fiscal year 2024, with specific figures to be confirmed by the audited financial statements [2] - Analysts suggest that the exclusion of SAIC Hongyan from the consolidated scope will have a positive impact, allowing New Power to operate with a lighter burden moving forward [2]