Group 1 - The company has approved a share repurchase plan using its own and self-raised funds, with a maximum repurchase price of RMB 23.57 per share, and a total fund amount between RMB 500 million and RMB 1 billion [1][2] - The repurchase period is set for 12 months from the date of approval by the shareholders' meeting [1] - The company has received a loan commitment letter from the Shandong Branch of the National Development Bank, which does not guarantee the total amount for the share repurchase [1][2] Group 2 - The company will adhere to relevant regulations and make repurchase decisions based on market conditions during the repurchase period [1] - The company commits to timely information disclosure regarding the progress of the share repurchase [1]

证券代码：000338 证券简称：潍柴动力 公告编号：2025-036 潍柴动力股份有限公司 2025 年第二次临时股东大会、2025 年第二次 A 股股东会议和 2025 年第二次 H 股股东会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、重要提示 二、会议召开情况 1．召开时间： （1）现场会议召开时间：2025 年 5 月 20 日下午 2:50 （2）网络投票时间： 采用交易所交易系统投票时间：2025 年 5 月 20 日上午 9:15-9:25，9:30- 11:30，下午 1:00-3:00； 采用互联网投票系统投票时间：2025 年 5 月 20 日上午 9:15 至下午 3:00 期间的任意时间。 2．现场会议召开地点：山东省潍坊市高新技术产业开发区福寿东街 197 号甲公司会议室 3．召开方式： 1 1．潍柴动力股份有限公司（下称"公司"）2025 年第二次 A 股股东会 议除特别决议案一未获得出席相关会议的股东及中小投资者所持有效表决权 股份总数的 2/3 以上通过外，其余议案没有否决的情况。公司 2025 年第二次 临 ...

证券代码：000338 证券简称：潍柴动力 公告编号：2025-038 潍柴动力股份有限公司 关于取得金融机构股票回购专项贷款承诺函的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、回购股份方案的基本情况 潍柴动力股份有限公司（下称"公司"）于2025年4月29日召开2025 年第四次临时董事会会议，审议通过了《关于回购公司部分A股股份方 案的议案》，同意公司使用自有资金和自筹资金以集中竞价交易方式 回购公司部分A股股份，回购股份用于注销并减少公司注册资本，回购 价格为不超过人民币23.57元/股，预计用于回购的资金总额不低于人民 币5亿元，不超过人民币10亿元，回购期限为自公司股东大会审议通过 回购股份方案之日起12个月内。具体内容详见公司于2025年4月30日在 巨潮资讯网（http://www.cninfo.com.cn）上披露的《潍柴动力股份有限 公司关于回购公司部分A股股份的方案》。 二、《贷款承诺函》的主要内容 近日，公司取得国家开发银行山东省分行出具的《贷款承诺函》， 主要内容如下： 1.贷款银行：国家开发银行山东省分行； 2.贷款额度 ...

证券代码：000338 证券简称：潍柴动力 公告编号：2025-037 潍柴动力股份有限公司 关于回购公司部分A股股份的债权人通知公告 1．申报时间：2025年5月21日起45天内（工作日8:30-11:30、13:00- 17:30） 2．申报地点及申报材料送达地点：山东省潍坊市高新技术产业开 发区福寿东街197号甲 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 潍柴动力股份有限公司（下称"公司"）于 2025 年 5 月 20 日召 开 2025 年第二次临时股东大会、2025 年第二次 A 股股东会议和 2025 年第二次 H 股股东会议，审议通过了《关于回购公司部分 A 股股份方 案的议案》，具体内容详见公司于 2025 年 4 月 30 日及 2025 年 5 月 21 日刊登于巨潮资讯网（http://www.cninfo.com.cn）的《潍柴动力股份 有限公司关于回购公司部分 A 股股份的方案》《潍柴动力股份有限公 司 2025 年第二次临时股东大会、2025 年第二次 A 股股东会议和 2025 年第二次 H 股股东会议决议公告》。 根据回 ...

根据《中华人民共和国律师法》《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》《上市公司股东会规则》（以下简称"《股 东会规则》"）、《深圳证券交易所上市公司股东大会网络投票实施细则》（以 下简称"《网络投票实施细则》"）等法律、法规和规范性文件以及《潍柴动力 股份有限公司章程》（以下简称"《公司章程》"）的规定，北京市通商律师事 务所（以下简称"本所"）接受潍柴动力股份有限公司（以下简称"公司"）的 委托，指派律师出席公司于 2025 年 5 月 20 日召开的 2025 年第二次临时股东大 会、2025 年第二次 A 股股东会议和 2025 年第二次 H 股股东会议（以下视情况 统称"本次股东大会"），并就本次股东大会的有关事宜，出具法律意见书。 为出具本法律意见书，本所律师审查了公司提供的与本次股东大会相关的文 件和资料，同时听取了公司人员就有关事实的陈述和说明。本所已得到公司的如 下保证，保证其所提供的文件和资料是真实、准确、完整的，并无隐瞒、虚假和 重大遗漏之处；文件上所有签名和所记载的内容都是真实有效的；文件的复印件 都与其原件一致。 本所同意将本法律意见书作为公司本次 ...

Core Viewpoint - Weichai Power (000338) anticipates that the domestic sales of natural gas heavy trucks will reach 47,000 units in Q1 2025, with a penetration rate of 31% [1] Group 1: Industry Insights - The future supply-demand balance is expected to support natural gas prices in a stable and reasonable range, enhancing the application scenarios for natural gas heavy trucks due to their low-carbon and economic advantages [1] - The penetration rate of natural gas heavy trucks is projected to continue increasing [1] Group 2: Company Strategy - The company possesses strong R&D capabilities and technical accumulation, which will help it lead in the market share of natural gas heavy truck engines [1] - A recent notice from the Ministry of Transport on March 18 regarding the "old-for-new" policy will provide subsidies for natural gas heavy trucks, further boosting the demand for gas vehicle replacements [1] - The company will continue to drive industry upgrades through product innovation and aims to further enhance its market share [1]

Core Viewpoint - The Chinese tractor industry is undergoing unprecedented technological transformation driven by agricultural modernization and "dual carbon" goals, characterized by "high-end leadership, intelligent drive, and green transformation" [1][16][18]. Group 1: Industry Overview - The new energy tractor refers to agricultural machinery powered by non-traditional fuels (such as electricity, hydrogen, or solar energy), aiming to reduce carbon emissions and enhance energy efficiency while meeting modern agricultural demands for intelligence and sustainability [2][4]. - New energy tractors have three core advantages over traditional tractors: environmental friendliness (zero emissions, low noise), economic efficiency (operating costs reduced by 30%-50%), and intelligence (seamless integration with precision agriculture systems) [4][5]. Group 2: Industry Development Background - The acceleration of land transfer and the rise of large-scale farming operations (over 60% of farming entities) have increased the demand for intelligent and green agricultural machinery [9][12]. - Recent policies, such as the "2024-2026 Agricultural Machinery Purchase and Application Subsidy Implementation Opinions," provide comprehensive support for the development of the new energy tractor industry [9][10]. Group 3: Market Dynamics - The new energy tractor industry is expected to experience explosive growth, with a market size projected to exceed 100 billion yuan and a compound annual growth rate (CAGR) of over 30% by 2030 [18][29]. - The industry is characterized by a competitive landscape where leading companies dominate the market, while smaller firms seek differentiation through niche segments [21][23]. Group 4: Technological Trends - The industry is witnessing a multi-energy landscape with mixed power, pure electric, and hydrogen fuel cell technologies coexisting, with mixed power being the most mature and holding the largest market share (65%) [23][25]. - Intelligent and unmanned technologies are rapidly advancing, with L4-level autonomous driving models expected to achieve full autonomy by 2030, significantly reducing labor costs [28][29]. Group 5: Future Outlook - The new energy tractor industry is positioned for rapid growth driven by policy support and technological advancements, with a shift from equipment sales to a "data + service + carbon trading" ecosystem [25][29]. - The focus will be on enhancing energy management and transmission efficiency, with pure electric technology penetrating the market for small to medium-sized agricultural scenarios [26][27].

Group 1: Natural Gas Heavy Truck Development - In Q1 2025, domestic sales of natural gas heavy trucks reached 47,000 units, with a penetration rate of 31% [1] - The supply-demand balance is expected to support stable and reasonable natural gas prices, leading to broader applications of gas heavy trucks [1] - The company has over 20 years of experience in this market, with strong R&D capabilities, aiming to lead in market share for natural gas truck engines [1] - The "old-for-new" policy announced by the Ministry of Transport on March 18 will further boost demand for gas vehicle replacements [1] Group 2: New Energy Business Development - The penetration rate of new energy in heavy trucks, light trucks, and engineering machinery is gradually increasing due to policy support and cost reductions [2] - The company is constructing the Weichai (Yantai) New Energy Industrial Park, which includes a 50GWh power battery and energy storage system production base [2] - The first battery product from this industrial park was launched on March 28, 2025, marking the project's official production [2] - The company has made breakthroughs in power battery thermal management, intelligent management, and lifecycle reliability, aiming to enhance the performance contribution of its new energy business [2] Group 3: Dividend Policy - If the 2024 dividend distribution plan is considered, the total dividends distributed since the company's listing will reach nearly 35 billion yuan [2] - The company values shareholder opinions and continuously rewards them through dividends [2] - Future dividend policies will balance company development and shareholder interests, considering market conditions, operational cash flow, and future funding needs [2]

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]

Group 1 - Ningde Times has set the H-share offering price at HKD 263.00 per share, with an additional issuance of 17,684,100 shares, representing approximately 15.0% of the total shares available for subscription [1] - The additional shares will be allocated based on an initial ratio of 7.5% for the Hong Kong public offering and 92.5% for the international offering [1] - The H-shares are expected to commence trading on the Hong Kong Stock Exchange on May 20, 2025, at 9:00 AM [1] Group 2 - Moody's has downgraded the U.S. credit rating from AAA to AA1, impacting market sentiment [2] - Major U.S. stock indices showed positive performance, with the Dow Jones up 331.99 points (0.78%) and the S&P 500 up 41.45 points (0.70%) [2] - The Nasdaq China Golden Dragon Index rose by 4.56% over the week, indicating a positive trend for Chinese concept stocks [2] Group 3 - The Hang Seng Index Company announced the quarterly review results, increasing the number of constituent stocks from 83 to 85, with BYD included in the Hang Seng Tech Index [3] Group 4 - The Central Committee of the Communist Party and the State Council have mandated that government procurement of vehicles should prioritize domestic and new energy vehicles [4] Group 5 - The revised regulations prohibit high-end dishes and alcohol in official work meals, emphasizing cost control in government receptions [5] Group 6 - The Financial Secretary of Hong Kong stated that global funds are increasingly flowing towards leading innovative technology companies and future industries [6] Group 7 - The China Securities Regulatory Commission encourages private equity funds to participate in mergers and acquisitions of listed companies, with adjustments to lock-up periods for investments [7][8] Group 8 - WuXi AppTec's subsidiary, Hanbang Technology, was listed on the Shanghai Stock Exchange on May 16, 2025 [9] Group 9 - Weichai Power expects significant growth in sales of its M-series large-bore engines and data center products, driven by strong industry demand [10] Group 10 - Shandong Xinhua Pharmaceutical is the largest producer of ibuprofen raw materials in China, with an annual production capacity exceeding 8,000 tons, accounting for 40% of global capacity [11] - The company holds a 62.66% market share in China and exports 60% of its total production, primarily to high-end markets in Europe and the U.S. [11]