Core Viewpoint - The light commercial vehicle (LCV) market in China experienced a year-on-year growth of 16% in July 2025, with total sales reaching 33,000 units, contributing to a four-month consecutive increase in sales [3][8][20]. Group 1: Market Performance - In July 2025, the overall bus market sold 41,600 units, showing a year-on-year increase of 16% but a month-on-month decrease of 21% [3][8]. - The light bus market accounted for 79.23% of total bus sales in July, slightly up from 77.36% in June [3][12]. - Cumulatively, from January to July 2025, the light bus market sold 246,200 units, marking a 6% year-on-year increase, with an additional 14,500 units sold compared to the same period last year [5][14][18]. Group 2: Company Performance - In July 2025, the top three companies in the light bus market were Changan Automobile, SAIC Maxus, and Jiangling Motors, with market shares of 25.90%, 22.78%, and 20.08% respectively [10][12]. - Changan, Jiangling, and SAIC Maxus all saw significant year-on-year sales growth of 22%, 19%, and 20% respectively [16][18]. - The cumulative market shares for the top three companies from January to July 2025 were 28.75% for Changan, 21.69% for Jiangling, and 20.51% for SAIC Maxus, indicating an upward trend compared to the previous year [18][20]. Group 3: Market Trends - The light bus market has shown a pattern of alternating growth and decline over the past five years, with July 2025 recording the highest sales volume in this period, although the increase compared to previous years was modest [5][20]. - The market has experienced a "four consecutive months of growth" trend since April 2025, with July's cumulative sales growth expanding by 1 percentage point compared to June [8][20]. - The overall market dynamics indicate a competitive landscape, with some companies experiencing significant growth while others faced declines, particularly in the context of the top ten companies [12][16].

Share's code： 000550 Share's Name： Jiangling Motors No.： 2025—035 Jiangling Motors Corporation, Ltd. The total amount of cash dividends distributed for A-shares (including taxes) = the actual number of A-shares participating in this dividend distribution (excluding repurchased shares) × the actual cash dividend per share = 510,643,522 shares × RMB 0.71914 per share (including taxes) = RMB 367,224,182.41 (including taxes). The cash dividend (including tax) per 10 shares calculated based on the Company's tota ...

证券代码： 000550 证券简称： 江铃汽车 公告编号： 2025—035 江铃汽车股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 年 12 月 31 日公司总股本 863,214,000 股为基数（其中 A 股股份总数为 519,214,000 股，B 股股份总数为 344,000,000 股），向全体股东每 10 股派发现金股利 7.12 元 （含税），不送红股，不以资本公积金转增股本，本次利润分配方案实施的股权登 记日前，公司股本若因回购股份等原因发生变化的，公司将以总股本扣除回购专户 中的股份数后剩余的股份数为基准，按照"现金分红金额固定不变"的原则重新计 算分配比例。 圳证券交易所上市公司自律监管指引第 9 号——回购股份》，回购专用账户中的股 份不享有利润分配权利，享有分配权的股数为 854,643,522 股。 考价计算公式如下： 账户中的股份不享有利润分配权利，因此公司 2024 年度利润分配方案实际为：以 公司现有总股本 863,214,000 股扣除已回购股份 8,570,478 ...

特别提示： 证券代码： 000550 证券简称： 江铃汽车 公告编号： 2025—035 200550 江铃 B 江铃汽车股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 1、江铃汽车股份有限公司（以下简称"公司"）2024 年度权益分配方案已获 2025 年 6 月 24 日召开的公司 2024 年度股东大会审议通过，该分配方案为：以 2024 年 12 月 31 日公司总股本 863,214,000 股为基数（其中 A 股股份总数为 519,214,000 股，B 股股份总数为 344,000,000 股），向全体股东每 10 股派发现金股利 7.12 元 （含税），不送红股，不以资本公积金转增股本，本次利润分配方案实施的股权登 记日前，公司股本若因回购股份等原因发生变化的，公司将以总股本扣除回购专户 中的股份数后剩余的股份数为基准，按照"现金分红金额固定不变"的原则重新计 算分配比例。 2、截至本公告披露日，公司股份回购专用账户中有 8,570,478 股，根据《深 圳证券交易所上市公司自律监管指引第 9 号 ...

Domestic News - The joint statement from the China-US Stockholm Economic and Trade Talks was released, indicating a temporary suspension of tariffs on certain goods for 90 days starting August 12, 2025, while retaining a 10% tariff on the remaining goods [3] - The Ministry of Finance, the People's Bank of China, and the Financial Regulatory Bureau issued a policy for personal consumption loan interest subsidies, effective from September 1, 2025, to August 31, 2026, covering various consumer sectors [4] - In July 2025, the industrial producer price index decreased by 0.2% month-on-month, with a year-on-year decline of 3.6%, indicating a narrowing of the decline compared to previous months [5] - Jilin Province is initiating the first batch of talent pool recruitment focused on key industries such as new energy vehicles and artificial intelligence [6] - GAC Group announced the upcoming release of its new "Star Source" range extender technology aimed at addressing the long-standing issues of range-extended electric vehicles [7] - Zeekr and Geely Holding Group announced a patent for anti-motion sickness technology, enhancing the driving experience [8] - NIO's G318 Tibet charging route will be fully operational on August 16, 2025, with 15 battery swap stations along the route [9] - Huawei's Qian Kun intelligent driving system has reportedly avoided over 2.54 million potential collisions as of July 31, 2025 [10] International News - Global electric vehicle sales growth slowed to 21% in July 2025, attributed to a decline in sales momentum for plug-in hybrid vehicles in China [12] - South Korea's car imports increased by 23% in July 2025, with Tesla leading the market [13] - Tesla opened its second showroom in India in New Delhi, alongside a new supercharging station [14] - Mahindra & Mahindra is expanding its operations in South Africa, increasing production capacity to meet demand for economical vehicles [16] Commercial Vehicles - The Ouman Galaxy series heavy trucks were launched in Changchun, with significant market recognition demonstrated by 186 initial orders [17] - The 2025 Wuhan Commercial Vehicle Exhibition is scheduled for November 10-13, 2025, focusing on high-end, intelligent, and green vehicle solutions [18] - JAC's electric pickup truck, the Han Tu EV, was successfully delivered to a Singaporean airline, marking a significant step in the international market [19] - Jiangling Group's vehicle exports to Latin America increased by 32.6% year-on-year, with a total of 36,813 units exported in the first seven months of 2025 [20]

Market Overview - The commercial vehicle sector experienced a decline of 0.31% on August 13, with Yutong Bus leading the drop [1] - The Shanghai Composite Index closed at 3683.46, up 0.48%, while the Shenzhen Component Index closed at 11551.36, up 1.76% [1] Individual Stock Performance - Notable performers in the commercial vehicle sector included: - Fuchang Automobile: Closed at 2.72, up 1.87% with a trading volume of 1.26 million shares [1] - Jiangling Motors: Closed at 21.24, up 1.14% with a trading volume of 59,000 shares [1] - Dongfeng Motor: Closed at 7.57, up 0.26% with a trading volume of 444,600 shares [1] - Yutong Bus saw a significant decline, closing at 26.93, down 2.78% with a trading volume of 128,400 shares [3] Capital Flow Analysis - The commercial vehicle sector saw a net outflow of 126 million yuan from institutional investors, while retail investors contributed a net inflow of 145 million yuan [3][4] - Specific stock capital flows included: - Jianghuai Automobile: Net inflow of 21.51 million yuan from institutional investors [4] - Yutong Bus: Net outflow of 6.66 million yuan from institutional investors [4] - Ankai Bus: Net outflow of 11.77 million yuan from institutional investors [4]

金融界2025年8月13日消息，国家知识产权局信息显示，江铃汽车股份有限公司取得一项名为"一种新能 源汽车的电池更换辅助装置"的专利，授权公告号CN115716429B，申请日期为2022年11月。 天眼查资料显示，江铃汽车股份有限公司，成立于1997年，位于南昌市，是一家以从事汽车制造业为主 的企业。企业注册资本86321.4万人民币。通过天眼查大数据分析，江铃汽车股份有限公司共对外投资 了9家企业，参与招投标项目1750次，财产线索方面有商标信息851条，专利信息4700条，此外企业还拥 有行政许可661个。 ...

Domestic News - In July, China's power battery installation volume reached 55.9 GWh, with a month-on-month decrease of 4.0% but a year-on-year increase of 34.3%. The total battery production for July was 133.8 GWh, up 3.6% month-on-month and 44.3% year-on-year [3] - A new national standard for the transportation of lithium batteries will be implemented on February 1, 2026, aimed at enhancing the safety and efficiency of lithium battery logistics, which is crucial for the high-quality development of the industry [4] - GAC Aion plans to invest up to 30% in Huawang Automobile, which aims to create a new high-end automotive brand targeting the 300,000 RMB market [5] - Chery's Omoda and Jaecoo brands are entering the Iraqi market through a distribution agreement with Jameel Motors, with initial models including both fuel and plug-in hybrid vehicles [6] - Lantu's flagship SUV will feature Huawei's ADS Ultra four-laser radar intelligent driving solution, enhancing user experience through advanced technology [7] - Huawei's Yu Chengdong announced the S800 model, which integrates six-domain fusion technology for improved comfort and safety [8] - Tesla's global vice president, Tao Lin, emphasized the company's commitment to battery recycling, with 90% of waste materials being reused in new battery production [9] - Zebra Intelligent's associated company increased its registered capital to approximately 3.2 billion RMB, marking a 13% increase [10] International News - In July, U.S. electric vehicle sales surged to over 130,000 units, a 20% year-on-year increase, driven by lower prices and incentives from automakers [12][13] - Japan's new car sales fell by 3.6% year-on-year in July, with total sales for the first seven months up by 8% compared to the previous year [14] - Italy approved a new subsidy plan worth approximately 698 million USD to boost electric vehicle sales, offering up to 10,000 EUR in subsidies for individual buyers [15] - Ford announced a plan to invest 5 billion USD in electric vehicles, focusing on producing affordable models starting in 2027 [16] Commercial Vehicles - Foton's Tuyano X5 HEV was officially launched, featuring a hybrid system with a starting price of 126,800 RMB [19] - BYD's electric heavy truck has entered the supply chain of Conch Cement, showcasing a model that combines long-range capabilities with fast charging [20] - FAW Jiefang launched its new high-power Eagle Road product, targeting the natural gas heavy truck market [21] - Jiangling Motors partnered with CATL to advance the battery swap ecosystem for logistics vehicles [22]

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - In the 31st week of 2025 (July 28 - August 3), domestic passenger car and new energy passenger car sales increased week - on - week. Passenger car retail sales were 465,000 units, a year - on - year increase of 2.8%; new energy passenger car retail sales were 247,000 units, a year - on - year increase of 10.4%, with a penetration rate of 53.1%. Since the beginning of the year, cumulative passenger car retail sales were 12.563 million units, a year - on - year increase of 7.0%; cumulative new energy passenger car retail sales were 6.407 million units, a year - on - year increase of 26.9%, with a cumulative penetration rate of 51.0% [2][110][118]. - The China Passenger Car Association slightly raised the full - year forecast for 2025. It is expected that passenger car retail sales will reach 24.35 million units, a 6% increase, with the forecast volume 300,000 units more than the June forecast; passenger car exports will be 5.46 million units, a 14% increase, with the forecast volume 160,000 units higher than the initial forecast; new energy passenger car wholesale will be 15.48 million units, a 27% increase, with the forecast volume slightly down from the June forecast, and the new energy wholesale penetration rate will reach 56%; automobile wholesale will be 34.04 million units, an 8% increase, with the forecast volume 5 percentage points higher than the initial forecast [2][108][118]. 3. Summary According to the Directory 3.1. Key Target Tracking - The report presents the weekly price changes of relevant sectors and listed companies. For example, among listed companies, Great Wall Motor (601633.SH) had a weekly increase of 3.00%, while BYD (002594.SZ) had a weekly decrease of 1.77% [16]. 3.2. Industrial Chain Data Tracking 3.2.1. China New Energy Vehicle Market Tracking - **Sales and Exports**: Charts show the sales (seasonal), penetration rate, domestic sales (seasonal), exports (seasonal), and sales of EV and PHV in the Chinese new energy vehicle market [17][22][24]. - **Inventory Changes**: Charts display the monthly new inventory of new energy passenger vehicle channels and manufacturers [26]. - **Delivery Volume of New Energy Vehicle Manufacturers**: Charts present the monthly delivery volumes of several new energy vehicle manufacturers such as Leapmotor, Li Auto, XPeng, etc. [29][33][35]. 3.2.2. Global and Overseas New Energy Vehicle Market Tracking - **Global Market**: Charts show the sales (by region), penetration rate, and sales of EV and PHV in the global new energy vehicle market [41][44]. - **European Market**: Charts present the sales, penetration rate, and sales of EV and PHV in the European new energy vehicle market, as well as the sales of EV and PHV in the UK, Germany, and France [46][49][50]. - **North American Market**: Charts show the sales, penetration rate, and sales of EV and PHV in the North American new energy vehicle market [59][60]. - **Other Regions**: Charts display the sales, penetration rate, and sales of EV and PHV in other regions, including Japan, South Korea, and Thailand [62][63][67]. 3.2.3. Power Battery Industry Chain - Charts show the power battery loading volume (by material), export volume (by material), weekly average price of battery cells, cell material cost, and the operating rates and prices of various battery materials such as ternary materials, precursors, lithium iron phosphate, etc. [78][82][83]. 3.2.4. Other Upstream Raw Materials - Charts present the daily prices of rubber, glass, steel, and aluminum [102][104]. 3.3. Hot News Summary 3.3.1. China: Policy Dynamics - The State Administration for Market Regulation plans to build a number of national carbon measurement centers by 2030, with priority given to the carbon measurement needs of key industries such as power batteries [108]. 3.3.2. China: Industry Dynamics - The China Passenger Car Association slightly raised the full - year forecast for 2025, including the increase in passenger car retail, exports, and automobile wholesale, and a slight decrease in new energy passenger car wholesale forecast [108]. - In July, the new energy wholesale sales were 1.18 million units, a year - on - year increase of 25%, and the cumulative wholesale from January to July was 7.63 million units, a year - on - year increase of 35% [109]. - From July 1 - 31, new energy retail sales increased by 14% year - on - year, and the cumulative retail sales since the beginning of the year increased by 30% year - on - year [110]. - From January to June, the domestic charging infrastructure increment was 3.282 million units, a year - on - year increase of 99.2%, and the vehicle - to - charging - pile increment ratio was 1.8:1 [111]. 3.3.3. China: Enterprise Dynamics - Sunwoda plans to list in Hong Kong and build a new production base in Vietnam with a total investment of no more than RMB 2 billion [113]. - Leapmotor's first batch of electric SUVs arrived in Brazil [114]. 3.3.4. Overseas: Policy Dynamics - Russia will allocate 5.7 billion rubles from 2025 - 2027 to develop electric vehicle charging infrastructure, aiming to have 28,000 DC charging stations with an output power over 149kW in operation by 2030 [114]. 3.3.5. Overseas: Industry Dynamics - In the UK, July passenger car sales decreased by 5.0% to 140,000 units, while pure - electric and plug - in hybrid vehicles increased by 9.1% and 33.0% respectively [115]. - In Germany, July passenger car sales increased by 11.1% to 265,000 units, with pure - electric and plug - in hybrid vehicles increasing by 58.0% and 83.6% respectively [116]. - In Brazil, July new car sales increased by 0.8% to 243,000 units, with pure - electric and plug - in hybrid vehicles increasing by 48.2% and 22.3% respectively [116]. 3.4. Industry Views - Similar to the core views, it emphasizes the sales situation in the 31st week of 2025 and the adjustment of the full - year forecast by the China Passenger Car Association [118]. 3.5. Investment Suggestions - The penetration rate of the Chinese new energy vehicle market exceeded 30% in 2023 and 50% since 2024. In 2025, high - competitiveness new car products continue to be launched, and price wars are gradually halted. Overseas, due to strong trade protectionism in Europe and the US, there are risks in exports. Attention should be paid to new growth points such as countries along the Belt and Road and the Middle East. In terms of the competitive landscape, domestic independent brands' market share continues to expand, and attention should be paid to companies with strong product capabilities, smooth overseas expansion, and stable supply [3][119].

Group 1 - Jiangling Motors Corporation has applied for a patent titled "A Hybrid Vehicle Electric Balance Control Method and System," with publication number CN120440013A, filed on April 2025 [1] - The patent describes a method that categorizes the state of charge into high and normal levels, dynamically calibrating the threshold for entering high charge level based on vehicle speed [1] - The method allows for pure electric mode operation at high speeds (70 km/h to 100 km/h) and includes mechanisms for recharging the battery and maintaining electric balance during high-speed driving [1] Group 2 - Jiangling Motors Corporation, established in 1997, is primarily engaged in the automotive manufacturing industry and is located in Nanchang City [2] - The company has a registered capital of 863.214 million RMB and has made investments in 9 enterprises [2] - Jiangling Motors has participated in 1,746 bidding projects and holds 4,698 patent records along with 851 trademark records [2]