Group 1 - Main funds in the market experienced a net outflow of 37.278 billion yuan on September 12, with the ChiNext board seeing a net outflow of 18.948 billion yuan and the CSI 300 index stocks a net outflow of 18.506 billion yuan [1] - Among the 9 industries that received net inflows, the non-ferrous metals industry led with a net inflow of 1.599 billion yuan, followed by the pharmaceutical and biological industry with 565 million yuan [1] - The electronic industry faced the largest net outflow, amounting to 7.716 billion yuan, while the computer sector saw a net outflow of 5.367 billion yuan [1] Group 2 - The automotive parts stock, Shanzi Gaoke, saw a net inflow of 1.105 billion yuan, ranking first among individual stocks, with a trading volume of 5.279 billion yuan and a turnover rate of 20.5% [2] - The stock of Wolong Electric Drive in the electric motor sector hit the daily limit with a net inflow of 837 million yuan, marking the highest net inflow since March 26, 2025 [3] - The precious metals concept stock, Hunan Silver, experienced a net inflow of 549 million yuan, with its stock price also hitting the daily limit [3] Group 3 - The consumer electronics stock, Luxshare Precision, had the largest net outflow of 2.51 billion yuan, with its stock price declining by 0.36% [5] - Other notable stocks with significant net outflows included XianDao Intelligent and New Yi Sheng, each with outflows exceeding 1.2 billion yuan [5][6] - A total of 34 stocks saw net outflows exceeding 600 million yuan, with 15 stocks experiencing outflows over 1 billion yuan [9]

Core Viewpoint - Weichai Power (000338)(02338) announced a mid-term dividend distribution of HKD 3.925 per 10 shares, scheduled for October 24, 2025 [1] Group 1 - The company will distribute a mid-term dividend of HKD 3.925 for every 10 shares held [1]

Group 1 - The company Weichai Power (02338) announced a mid-term dividend distribution of HKD 3.925 per 10 shares, scheduled for October 24, 2025 [1]

EF001 第 2 頁 共 2 頁 v 1.1.1 先生、趙福全先生、徐兵先生及陶化安先生。 EF001 | | 非居民企業 | | | | --- | --- | --- | --- | | | （非中國內地登記地址） | 10% | 根據稅法，本公司向於記錄日期名 | | | | | 列本公司H股股東名冊的H股非居 | | | | | 民企業股東派發股息時，須按10% | | | | | 稅率代扣代繳企業所得稅。 | | | 港股通投資者 | 20% | 對內地投資者通過港股通投資香港 | | | | | 聯交所上市H股取得的股息紅 | | | | | 利，H股公司應代表投資者按照 | | | | | 20%的稅率代扣代繳個人所得稅。 | | | | | 對內地證券投資基金通過港股通 | | | | | 投資香港聯交所上市H股取得的股 | | | | | 息紅利所得，比照個人投資者徵 | | | | | 稅。H股公司對內地企業投資者不 | | | | | 代扣代繳股息紅利所得稅款，應納 | | | | | 稅款由該等內地企業投資者自行申 | | | | | 報繳納。 | | | 深股通投資者 | 10% ...

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） 暫停辦理股份過戶登記手續 及 就二零二五年中期股息代扣代繳所得稅 茲提述濰柴動力股份有限公司（「本公司」）於二零二五年八月二十九日刊發有關 （其 中 包 括）建議派付現金股息（「現金股息」）之 公 告，詳 情 載 於 公 告 內。本 公 告 所 用 詞 彙 與 上 述 公 告 所 界 定 者 具 有 相 同 涵 義。 預期時間表 以下為向H股 持 有 人 派 付 現 金 股 息 之 預 期 時 間 表，包 括 記 錄 日 期 及 除 權 日 期： 二零二五年 | 買賣附現金股息權利 | | | | | | --- | --- | --- | --- | --- | | H ...

Core Viewpoint - The article provides an overview of new car models set to launch in September 2025, detailing their specifications, market segments, and pricing strategies. Group 1: New Car Models Overview - FAW-Volkswagen's Jetta VS8 is scheduled for release on September 5, 2025, positioned as a B SUV with a price range of 11.99 to 13.49 million yuan [9]. - SAIC Volkswagen's Volkswagen Tiguan L PRO will also launch on September 5, 2025, classified as a B SUV, with a price range of 23.68 to 26.68 million yuan [17]. - GAC Toyota's Toyota Sienna is set to debut on September 5, 2025, in the C MPV segment, with prices ranging from 32.48 to 39.38 million yuan [25]. - Changan Automobile's Changan Yidong will be available on September 7, 2025, as an A NB with a price range of 8.79 to 9.99 million yuan [33]. - Geely's Lynk & Co 10 EM-P will launch on September 8, 2025, as a C NB, priced between 17.38 and 21.18 million yuan [40]. - BYD's Fangchengbao Titanium 7 is set for release on September 9, 2025, classified as a C SUV, with prices from 17.98 to 21.98 million yuan [64]. - Chery's Exeed Lingyun will be available on September 8, 2025, as a B SUV, with a price range of 14.99 to 16.99 million yuan [56]. - FAW-Volkswagen's Sagitar L will launch on September 9, 2025, as an A NB, with prices ranging from 14.79 to 16.49 million yuan [72]. - SAIC-GM's Buick Envision Plus is scheduled for September 10, 2025, as a B SUV, priced between 22.99 and 25.99 million yuan [80]. - Changan Automobile's Qiyuan A07 will be released on September 10, 2025, as a C NB, with a price range of 13.99 to 15.99 million yuan [88]. - Zhiji Automobile's Zhiji LS6 will debut on September 10, 2025, as a C SUV, with prices from 21.79 to 28.49 million yuan [96]. - Chery's Tiggo 8 PLUS will be available on September 10, 2025, as a B SUV, priced between 12.99 and 13.49 million yuan [104]. - Chery's Tiggo 8 PRO will launch on September 10, 2025, as a B SUV, with a price of 13.29 million yuan [111]. - SAIC-GM's Buick GL8 will be released on September 11, 2025, as a C MPV, with a price of 24.99 million yuan [119]. - Geely's Galaxy E8 is set for September 11, 2025, as a C NB, priced between 16.18 and 16.78 million yuan [127]. - BAIC New Energy's ARCFOX T1 will launch on September 11, 2025, as an AO HB, with prices ranging from 6.28 to 8.78 million yuan [135]. Group 2: Engineering Changes and Specifications - The Jetta VS8 features a 1.4T engine and a TIP6 transmission, with a power output of 110 kW and torque of 250 N·m [9]. - The Tiguan L PRO is equipped with a 2.0T engine and DCT7 transmission, delivering 162 kW and 350 N·m of torque [17]. - The Sienna utilizes a 2.5L hybrid engine with E-CVT, producing 139 kW and 236 N·m from the engine, and 134 kW and 270 N·m from the electric motor [25]. - The Yidong offers a 1.5T engine with DCT7 transmission, generating 141 kW and 310 N·m of torque [33]. - The Lynk & Co 10 EM-P features a 1.5T plug-in hybrid engine with a power output of 120 kW and torque of 255 N·m [40]. - The Fangchengbao Titanium 7 is powered by a 1.5T plug-in hybrid engine, with an electric motor output of 200 kW and torque of 315 N·m [64]. - The Exeed Lingyun is equipped with a 1.6T engine, producing 148 kW and 300 N·m of torque [56]. - The Sagitar L features a 1.5T engine with DCT7 transmission, delivering 118 kW and 250 N·m of torque [72]. - The Envision Plus has a 2.0T engine with TIP9 transmission, producing 174 kW and 350 N·m of torque [80]. - The Qiyuan A07 offers a 1.5L range extender engine with EVT, generating 72 kW and 125 N·m from the engine and 200 kW and 290 N·m from the electric motor [88]. - The Zhiji LS6 features a 1.5L range extender engine and pure electric options, with power outputs varying from 114 kW to 245 kW [96]. - The Tiggo 8 PLUS is powered by a 1.6T engine, producing 145 kW and 290 N·m of torque [104]. - The Tiggo 8 PRO features a 1.6T engine, generating 145 kW and 290 N·m of torque [111]. - The Buick GL8 is equipped with a 2.0T engine, producing 174 kW and 350 N·m of torque [119]. - The Galaxy E8 is a pure electric vehicle with a power output of 250 kW and torque of 373 N·m [127]. - The ARCFOX T1 is a pure electric vehicle with power outputs ranging from 70 kW to 95 kW [135].

Core Viewpoint - Weichai Power's stock has experienced fluctuations, with a year-to-date increase of 7.24% but a recent decline in the last five trading days by 3.83% [2] Group 1: Stock Performance - On September 12, Weichai Power's stock price fell by 2.05%, closing at 14.32 CNY per share, with a trading volume of 1.226 billion CNY and a turnover rate of 1.69% [1] - The company has seen a net outflow of 322 million CNY in principal funds, with large orders showing a buy of 220 million CNY and a sell of 299 million CNY [1] - Over the past 20 days, the stock has decreased by 7.49%, and over the past 60 days, it has decreased by 4.04% [2] Group 2: Financial Performance - For the first half of 2025, Weichai Power reported a revenue of 113.152 billion CNY, reflecting a year-on-year growth of 0.59%, while the net profit attributable to shareholders decreased by 4.40% to 5.643 billion CNY [2] - Since its A-share listing, the company has distributed a total of 34.076 billion CNY in dividends, with 12.965 billion CNY distributed in the last three years [3] Group 3: Shareholder Structure - As of June 30, 2025, Weichai Power had 221,500 shareholders, a decrease of 1.17% from the previous period [2] - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 604 million shares, an increase of 23.5582 million shares from the previous period [3] - The top ten circulating shareholders include several ETFs, with notable increases in holdings from Huatai-PB CSI 300 ETF and E Fund CSI 300 ETF [3]

日前，潍柴动力公布2025年半年度报告，其中有一组数字非常亮眼——2025年上半年，潍柴动力数据中 心产品销量近600台，同比增长491%，成为其新的业务增长点之一。 为了满足算力需求的指数级增长，全球数据中心的规划建设如火如荼。ABI Research 预计，到2030年， 全球将有8410个数据中心投入运营。在大数据中心兴建的热潮下，全球对大功率柴油发电机组的需求达 到了前所未有的高度。然而放眼全球，能挤进这一赛道的屈指可数。 时代的风口之上，潍柴超前布局，抓住机遇，正逐步替代海外品牌，成为市场新主力。 近日，在潍柴的会见室里，来自拉丁美洲的几位客户正在等待一份试验报告。他们采购的3台16M55发 电机组正在进行验收测试。测试合格后，这些庞然大物将被运往当地在建的一处大数据中心。 记者了解到，从今年四月份至今，潍柴的工程师已辗转贵州、无锡、芜湖、廊坊等数个城市参与产品交 付验收。与此同时，还有成百上千名工程师奔赴世界各地的大数据中心，他们的出差轨迹大致可以勾勒 出潍柴在全球大数据中心的市场版图。 多年前，潍柴就敏锐地洞察到全球数据中心市场的巨大潜力，果断决策，提前布局，投入大量资源进行 相关技术研发与产品 ...

Industry News - The 2025 China International Service Trade Fair opened in Beijing, focusing on digitalization, intelligence, and green trends in service trade, showcasing innovations in AI, healthcare, smart logistics, and cultural integration [2] - The Ministry of Industry and Information Technology emphasized the need to accelerate the digital and green transformation, expanding typical applications of "AI+" and promoting the large-scale application of new technologies and products [4] - South Korea plans to establish a 150 trillion KRW (approximately 108 billion USD) public-private partnership fund to invest in high-tech industries such as AI, chips, and robotics, increasing the initial planned scale from 100 trillion KRW [6] - Canada is reviewing the current tariff rates on electric vehicles imported from China, considering easing tariffs due to pressure from the domestic canola industry [7] - Volkswagen announced plans to invest up to 1 billion EUR in AI technology applications by 2030, expecting to generate up to 4 billion EUR in efficiency and cost optimization benefits by 2035 [8] Company News - Dao's Technology signed an investment agreement for a project to produce 1,000 tons of silicon-carbon anode materials annually, which will enhance its solid-state battery materials industry layout and expand its business scale [10] - Seres Automotive applied for trademarks "Wenjie Home" and "Wenjie Car Home," indicating potential expansion in product offerings [11] - Zotye Auto announced it is unable to resume production of its first model T300 this year due to the forced dismantling of its production line, facing uncertainty in its ongoing operational capabilities [12] - Xiaomi Automotive appointed Fan Jialin as the Deputy General Manager of the Sales Operations Department, aiming to enhance the integration of its "human-vehicle-home" ecosystem [13] - Faraday Future announced it has successfully completed all compliance items during its one-year monitoring period by NASDAQ, restoring its normal listing status [14] - Weichai Power is currently developing a 60Ah sulfide all-solid-state battery and low-cost sulfide solid-state electrolyte materials, with plans to establish a trial production line [15]

Summary of Conference Call Industry or Company Involved - **Industries Discussed**: Lithium mining, copper, aluminum, steel, cement, coal, shipping (cruise industry), express delivery, logistics, insurance, industrial equipment. Key Points and Arguments Lithium Mining - Market misunderstanding regarding the resumption of operations at Ningde lithium mines, with a target for resumption set for November [4][3] - Seven mines in Yichun are awaiting a government decision on their operational status, with results expected by October or November [3][4] Copper - Copper smelting processing fees are currently negative, but no significant changes in smelting operations are anticipated [6][6] - New regulations on waste copper suppliers may increase domestic costs and affect supply, with an estimated monthly supply impact of 50,000 to 55,000 tons [7][7] Aluminum - The impact of anti-involution on alumina is minimal, with the industry remaining in a state of oversupply [8][8] Steel - Regional differences in steel production cuts, with some provinces actively implementing reductions while others, like Tangshan, have not yet enforced cuts [9][9] - Profitability in the steel sector has dropped significantly, leading to potential voluntary production cuts [9][9] Cement - Cement demand is declining, particularly in cities like Shanghai, prompting discussions among leading companies about potential production cuts [10][10] Coal - Coal prices are expected to stabilize between 600 and 700, with production checks likely if prices fall below 600 [11][11] Shipping (Cruise Industry) - The cruise industry has faced demand dilution due to illegal oil transport, impacting market performance [14][14] - Recent increases in shipping rates, from around 30,000 to 60,000, indicate a potential recovery in the sector [15][16] - Supply-side changes are expected to drive future price increases, with a focus on compliance and sanctions affecting operational efficiency [20][20] Express Delivery - The express delivery sector is experiencing a gradual price increase, with major players locking in market shares to stabilize pricing [26][26] - Concerns about social security changes impacting delivery costs were noted, but no drastic regulatory changes are expected [29][29] Logistics (Aneng Logistics) - Aneng is positioned as a leading player in the express delivery market, benefiting from structural changes and a growing market share [30][30] - The company is expected to see continued growth due to favorable market dynamics and competitive advantages [31][31] Insurance - The insurance sector has reported strong performance in the first half of the year, with a focus on cost control and structural improvements [39][39] - The growth in the insurance market is driven by fewer catastrophic events and improved expense management [39][39] Industrial Equipment - The industrial sector is entering a new upcycle, particularly in engineering machinery and lithium battery equipment, with expected growth rates of 46%, 24%, and 21% over the next three years [52][57] - Key drivers include equipment replacement cycles, infrastructure projects, and overseas market growth [54][55] Other Important but Possibly Overlooked Content - The overall sentiment in various sectors indicates a cautious optimism, with potential for recovery in specific industries despite ongoing challenges [12][12] - The discussion highlighted the importance of regulatory changes and market dynamics in shaping future performance across sectors [12][12][12]