Group 1 - Pzena Investment Management, LLC reduced its stake in Weichai Power (02338) by 1,937,072 shares at a price of HKD 18.8557 per share, totaling approximately HKD 36.5248 million [1] - After the reduction, Pzena's remaining shareholding is approximately 135 million shares, representing a holding percentage of 6.94% [1]

智通财经APP获悉，香港联交所最新资料显示，12月30日，Pzena Investment Management, LLC减持潍柴 动力(02338)193.7072万股，每股作价18.8557港元，总金额约为3652.48万港元。减持后最新持股数目约 为1.35亿股，最新持股比例为6.94%。 ...

Sales Performance - The Wuling Bingguo family achieved cumulative sales of 213,367 units in 2025, with total sales exceeding 610,000 units since its launch [1][6] - The Bingguo family meets the demands of consumers seeking higher quality with its spaciousness, refined design, and comfortable driving experience [1][6] Product Launch - Wuling launched the Bingguo S in September 2025, marketed as a "high-quality colorful vehicle" featuring a unique "liuguang aesthetics" design language [3][8] - The Bingguo S is available in four "liuguang huancai" colors and has won the 2025 International CMF Design Award [3][8] Design and Features - The Bingguo S adopts a "quiet luxury living aesthetics" design philosophy, offering two color options: warm brown and soft white, along with a wrap-around cockpit layout and 3D textured wood grain craftsmanship [5][10] - It features an 8.88-inch full LCD embedded instrument panel and a 12.8-inch high-definition touch screen for enhanced user interaction [5][10] Technology and Safety - The Bingguo S is equipped with the "1+N" Lingyu AI central model, integrating DeepSeek technology for smart human-machine interaction and a variety of functions [5][10] - Safety features include a 360° panoramic camera, four airbags, and a high-strength steel structure with 74% high-strength steel content, ensuring vehicle strength and rigidity [5][10] - The Bingguo S was awarded the "2025 China's Top Ten Car Body" award, being the only A0-class model to receive this honor [5][10]

Core Viewpoint - The article predicts a 25% growth in China's new energy passenger vehicle market sales by 2025, aligning with the "14th Five-Year Plan" expectations for the new energy vehicle market [2]. Group 1: Market Trends - December marks a peak buying season for new energy vehicles as the vehicle purchase tax exemption policy expires, but market dynamics are affected by adjustments in vehicle replacement and trade-in subsidies, leading to a noticeable divergence in market trends [2]. - Major manufacturers have adjusted their production schedules to reduce inventory, preparing for a strong start in the "15th Five-Year Plan" [2]. Group 2: Sales Performance - In December, several key manufacturers, including Tesla, Seres, NIO, and others, achieved record high wholesale sales for new energy vehicles, contributing to a structural growth in the market [2]. - BYD's exports reached 133,000 units in December, a year-on-year increase of 75,000 units, significantly boosting the overall sales growth of new energy passenger vehicles by 4% [2]. Group 3: Sales Data - According to the latest data, the wholesale sales of new energy passenger vehicles in December are estimated at 1.57 million units, representing a 4% year-on-year growth but an 8% month-on-month decline [3]. - Cumulatively, the wholesale sales of new energy passenger vehicles for the year 2025 are projected to reach 15.33 million units, reflecting a 25% year-on-year increase [3].

Investment Rating - The report maintains a "Positive" investment rating for the heavy-duty truck sector [7]. Core Insights - The 2026 vehicle replacement policy will support the replacement of old trucks with low-emission vehicles, prioritizing electric trucks, while maintaining the subsidy levels from 2025 [2][5]. - The heavy-duty truck sector is expected to benefit from continued domestic demand support and growth in exports, with a projected total sales volume of 1.06 million trucks in 2026, including 700,000 units from domestic demand [11]. - The report highlights the low valuation and high dividend yield of the heavy-duty truck sector, suggesting a favorable risk-reward profile for investors, with specific recommendations for Weichai Power and China National Heavy Duty Truck Group [11]. Summary by Sections Policy Impact - The 2026 policy will continue to support the replacement of old trucks, with subsidies for scrapping old vehicles ranging from 12,000 to 45,000 yuan per vehicle, and new purchases of National VI diesel and electric trucks receiving subsidies of 40,000 to 65,000 yuan and 70,000 to 95,000 yuan respectively [11]. - The expected replacement rate of 20% for old vehicles could lead to an increase of 94,000 to 96,000 heavy-duty truck sales in 2026 [11]. Market Trends - The report notes a significant trend towards higher battery capacities in new electric trucks, with 126 models exceeding 600 kWh, indicating a shift towards longer-distance applications [11]. - The penetration rate of new energy heavy-duty trucks is projected to reach 30% in 2026, supported by differentiated subsidy policies [11]. Investment Recommendations - The report emphasizes the potential for profitability recovery in the heavy-duty truck sector due to prior investments in new energy by domestic companies, alongside favorable market conditions [11]. - The overall low valuation and high dividend yield of the sector provide a good safety margin for investors, making it an attractive investment opportunity [11].

◎记者 时娜 上市公司的回购增持热潮持续至2026年。2026年1月4日，东诚药业、世纪华通等上市公司发布回购股份 计划，宁德时代、美的集团、潍柴动力、蓝思科技等多家深市龙头公司也披露了回购进展情况，英派斯 等公司披露增持计划实施情况，以"真金白银"传递信心，夯实公司价值投资基础。此外，多家上市公司 近日宣布向投资者派发"大红包"。 股份回购是上市公司优化股权结构、提升股东回报的重要抓手。2026年伊始，便有深市上市公司发布股 份回购计划。 东诚药业1月4日公告，计划以集中竞价交易方式回购股份，金额不低于1亿元（含），不超过2亿元 （含），用于实施股权激励和/或员工持股计划。回购价格不超过18.00元/股。 2025年以来，深市上市公司积极回应号召、立足自身发展，持续掀起"真金白银"的回购、增持、分红热 潮，多措并举提升投资者回报，为资本市场健康发展注入强劲动力。 上市公司下"红包雨" 据上海证券报记者不完全统计，2025年12月31日至2026年1月4日晚，仅深市就有15家公司披露半年度或 三季度分红实施公告，相关分红将于2026年1月陆续到账。 其中，天赐材料公告，公司2025年前三季度利润分配预案已获2 ...

Core Viewpoint - The active share buyback and increase in holdings by listed companies since 2025 reflect their recognition of intrinsic value and confidence in long-term development, sending positive signals to the market and enhancing investor confidence, thus injecting strong momentum into the healthy development of the capital market [1][2]. Group 1: Share Buyback and Increase in Holdings - In 2022, a total of 424 share buyback and increase plans were disclosed by listed companies in the Shenzhen market, including 288 buyback plans with a maximum amount of 82.725 billion yuan and 136 increase plans with a maximum amount of 31.521 billion yuan [2]. - Major companies such as CATL, Midea Group, Weichai Power, and Lens Technology have announced their buyback progress, with CATL repurchasing 15.9908 million shares for a total of 4.386 billion yuan, Midea Group repurchasing 20.5646 million shares for 1.51 billion yuan, Weichai Power repurchasing 50.2525 million shares for 0.761 billion yuan, and Lens Technology repurchasing 740.96 million shares for 0.215 billion yuan [1]. Group 2: Industry Trends and Insights - The buyback and increase plans are concentrated in key industries, with electronics, biomedicine, machinery, and power equipment companies accounting for 40.97% of the total, while biomedicine, machinery, basic chemicals, and home appliances account for 37.78% of the increase plans, indicating optimistic expectations for future development in these sectors [2]. - Leading companies in various industries are playing a stabilizing role in the market, with significant buybacks and continuous increases guiding market trends [2][3]. - Cross-border buybacks have emerged as a new highlight, as demonstrated by China International Marine Containers Group's simultaneous buyback of A-shares and H-shares, reflecting recognition of company value [3].

潍柴动力(02338)发布公告，截至2025年12月31日，公司通过回购专用证券账户以集中竞价交易方式累 计回购A股股份共计5025.25万股，占公司目前总股本的比例约为0.58%，最高成交价为人民币15.43元/ 股，最低成交价为人民币14.57元/股，支付的总金额为人民币7.61亿元(不含交易费用)，本次回购符合相 关法律法规及公司既定回购股份方案的要求。 MACD金叉信号形成，这些股涨势不错！ ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部或任何部份內容而產生或因依賴該等內容而引起的任何損失承擔任何責任。 濰柴動力股份有限公司 WEICHAI POWER CO., LTD. （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：2338） 海外監管公告 本公告乃根據香港聯合交易所有限公司（「聯交所」）證券上市規則第13.10B條 而 作 出。 中國山東濰坊 二零二六年一月四日 於本公告刊發之日，本公司執行董事為馬常海先生、王德成先生、孫少軍先生、 袁 宏 明 先 生 及 馬 旭 耀 先 生；本 公 司 職 工 代 表 董 事 為 黃 維 彪 先 生；本 公 司 非 執 行 董事為張良富先生、Richard Robinson Smith先生及Michael Martin Macht先生；及本公 司 獨 立 非 執 行 董 事 為 蔣 彥 女 士、遲 德 強 先 生、趙 福 全 先 生、徐 兵 先 生 及 陶 ...

证券代码：000338 证券简称：潍柴动力 公告编号：2026-001 潍柴动力股份有限公司 关于回购公司部分 A 股股份的进展公告 告》《潍柴动力股份有限公司关于2025年中期分红派息实施后调整回 购公司部分A股股份价格上限的公告》。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律 监管指引第9号——回购股份》等相关规定，公司应当在每个月的前 三个交易日内，公告截至上月末的回购进展情况。现将公司回购股份 进展情况公告如下： 一、回购股份的进展情况 截至2025年12月31日，公司通过回购专用证券账户以集中竞价交 易方式累计回购A股股份共计50,252,475股，占公司目前总股本的比 例约为0.58%，最高成交价为人民币15.43元/股，最低成交价为人民币 14.57元/股，支付的总金额为人民币761,492,999.13元（不含交易费用）， 本次回购符合相关法律法规及公司既定回购股份方案的要求。 二、其他说明 公司回购A股股份的时间、回购股份数量、回购股份价格及集中 竞价交易的委托时段均符合《上市公司股份回购规则》《深圳证券交 易所上市公司自律监管指引第9号——回购股份》等法律法规的相关 规定。 ...