中国青年报客户端讯（中青报·中青网记者 王培莲）日前，在上海国际车展上，红旗品牌携金葵花子品 牌和天工家族、H家族两大产品序列，共23台展车组成的全新产品阵容参展。其中，红旗H家族产品序 列全新旗舰——C+级豪华纯电/混动轿车H9和SUV HS9、红旗品牌首款豪华硬派越野车、红旗"天辇1 号"飞行汽车首发亮相。 1号"飞行汽车首发亮相。中国一汽供图 红旗品牌 携全新产品阵容亮相上海车展。中国一汽供图 据了解，此次全球首发的红旗品牌首款豪华硬派越野车，覆盖了"越野玩车、长途穿越、户外休闲、城 市通勤"四大场景。整车造型汲取了中国古建筑文化中的"榫卯"元素。同时，首发现场启动了"红旗越野 车名征集计划"，邀请全球各界共同为"红旗越野"命名，并承诺新车上市时，将向最终车名的建议者赠 送"红旗越野"001号车。 最值得一提的是，红旗"天辇1号"飞行汽车的全球首发。红旗"天辇1号"采用分体式设计，能够提供超 200公里的超长空中续航，座舱内的智能交互系统可通过语音和图像等方式为驾驶员提供实时信息，大 幅减轻操作难度。 红旗"天辇 同时，红旗"天辇1号"在开发设计中严格执行行业的最高安全标准，将于年内首飞。据了解，目前红 ...

4月23日，中国汽车流通协会发布，2025年3月，重型卡车零售销量为7.26万辆，同比下降4.50%，环比增长49.07%。其中牵引车销量为3.89万辆，同比下 降7.47%，环比增长31.90%。2025年1-3月，重型卡车累计销量为15.57万辆，累计同比增长13.11%。其中牵引车累计销量为8.53万辆，同比增长16.92%。 一、整体销量 中国汽车流通协会商用车专业委员会提供的销量数据显示，2025年3月重型卡车零售销量为7.26万辆，同比下降4.50%，环比增长49.07%；其中牵引车销量 为3.89万辆，同比下降7.47%，环比增长31.90%。 1-3月，重型卡车累计销量为15.57万辆，累计同比增长13.11%。其中牵引车累计销量为8.53万辆，同比增长16.92%。 三、品牌表现 二、市场结构 1-3月，重型卡车累计销量根据不同市场结构分析如下： 从功能车型来看，牵引车以55%的占比位列第一。 从动力结构来看，TOP3马力段分别为500-600hp、＜300hp和400-500hp；在牵引车市场中，500-600hp的马力段占比44%。 从驱动形式来看，TOP3驱动分别为6×4、4×2和8× ...

Group 1: Overview of Hydrogen Commercial Vehicles - Hydrogen commercial vehicles utilize hydrogen as an energy source, making them more suitable for long-distance travel, high emissions, and demanding refueling requirements compared to passenger vehicles [1][2] - The hydrogen fuel cell system or hydrogen internal combustion engine is used in the powertrain module, with fuel cells offering better efficiency and environmental benefits, while internal combustion engines are easier for traditional automakers to adopt [1][4] Group 2: Market Status of Hydrogen Commercial Vehicles - In 2024, China's fuel cell commercial vehicle sales are projected to be 5,054 units, a year-on-year decline of 8.8%, primarily due to the absence of the previous year's "end-of-year surge" [1][17] - The sales of hydrogen fuel cell commercial vehicles in January-February 2025 reached 252 units, indicating a slow market uptake [1][17] - The majority of hydrogen fuel cell commercial vehicle sales in 2024 will be trucks, accounting for 4,309 units, a 1.7% increase, while the share of buses has dropped from 90% to 15% since 2020 [1][19] Group 3: Technological Developments - Hydrogen internal combustion engines have achieved thermal efficiencies exceeding 55%, surpassing diesel engines, with output power typically above 200 kW and reaching up to 412 kW [10][11] - The hydrogen fuel cell technology is transitioning from range-extended to hybrid systems, with future developments focusing on increasing fuel cell power output and efficiency [14][15] Group 4: Industry Growth Potential - The hydrogen energy vehicle market is expected to enter a "golden" period of development, driven by technological innovation, policy support, and improved infrastructure [1][21] - The rise of hydrogen commercial vehicles will stimulate the entire industry chain, from hydrogen production and storage to the construction and operation of refueling stations [1][21]

Group 1: Market Overview - US stock index futures fell on Monday, and the US dollar index dropped below 99.00 for the first time since April 2022 [2] - Trump hinted at a desire to lower tariffs on China, suggesting a potential agreement within a month [2] - The domestic stock market is being supported by government efforts to stabilize the market and promote healthy development in the real estate sector [5][11] Group 2: Company Developments - MP Materials has ceased exporting rare earth concentrates to China, which may lead to a tightening of domestic supply and a potential increase in overseas rare earth prices [4][12] - Tesla's production of the low-cost Model Y may be delayed until next year, with significant sales declines reported in Europe, particularly in Germany, Denmark, and Sweden, where sales fell over 50% [3] - The first quarter saw significant profit increases for several companies, including: - Cambrian Technology with a net profit of 355 million yuan, turning a profit year-on-year [16] - Zhongji Xuchuang with a net profit of 1.583 billion yuan, up 56.83% year-on-year [16] - Zhengdan Co. with a net profit of 389 million yuan, a 558.59% increase year-on-year [16] Group 3: Industry Trends - The consumer electronics industry is experiencing a recovery, driven by demand for passive components like MLCCs, with prices rising due to increased orders and low inventory levels [13] - The humanoid robot industry is gaining traction, with the first humanoid robot half-marathon held in Beijing, showcasing advancements in robotics and potential market expansion [14] - The AI sector is driving demand for passive components, with projections indicating that the demand for MLCCs in AI applications will grow at an annual rate exceeding 30% by 2030 [13]

证券代码：000800 证券简称：一汽解放 公告编号：2025-041 一汽解放集团股份有限公司 关于重大资产出售暨关联交易事项的进展公告 1.本次交易尚需根据专项审计结果执行本次交易相关协议中关于过渡期间 损益归属的有关约定； 2.一汽财务尚需完成工商变更登记手续； 3.本次交易相关各方继续履行本次交易的相关协议及承诺； 4.公司需根据相关法律法规、规范性文件的要求就本次交易持续履行信息披 露义务。 特此公告。 一汽解放集团股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一汽解放集团股份有限公司（以下简称"公司"）于 2024 年 10 月 25 日、 2024 年 11 月 10 日，分别召开第十届董事会第十七次会议、第十届董事会第 十八次会议，于 2024 年 11 月 21 日，召开 2024 年第三次临时股东大会，审 议通过了公司重大资产出售事项相关的议案，公司与中国第一汽车股份有限公 司（以下简称"交易对方"）签署《股权转让协议》，约定以人民币 492,388.61 万元向交易对方出售公司所持一汽财务有限公司（以下简称"一汽财务"） ...

未经许可，不得转载或者引用。 投资要点 数据总览： 批发： 3月重卡批发销量11.1万辆，同环比分别为-3.7%/+37%，符合我们预期。 终端： 3月重卡终端销量7.2万辆，同环比分别为-4.4%/+49.1%，符合我们预期。 出口： 3月重卡出口销量2.8万辆，同环比分别为+12.3%/+22.7%，超我们预期。 库存： 行业总库存+1.2万辆，当前行业总库存16.1万辆。 展望：我们预计25年4月重卡内销7万辆左右，同比增长5%-10%。 3 月销量：内销符合预期韧性彰显，出口超预期表现亮眼 ： 行业总量：3月产批零符合预期，出口超预期。 1）产量 ： 3月重卡产量11.6万辆，同环比分 别-0.4%/+33.7%； 2）批发： 3月重卡批发销量11.1万辆，同环比分别-3.7%/+37%； 3）上险： 3月重卡终端销量7.2万辆，同环-4.4%/+49.1%； 4）出口： 3月重卡出口销量2.8万辆，同环比 分别为+12.3%/+22.7%； 5）库存： 3月重卡企业库存+0.5万辆，渠道库存+1.2万辆。根据我们 测算，当前行业总库存16.1万辆，库存处于合理水平。 行业结构：新能源持续高增，天然气 ...

Investment Rating - The industry investment rating is "Overweight," indicating an expected outperformance of the industry index relative to the benchmark by more than 5% in the next six months [77]. Core Views - March sales show resilience in domestic demand, while exports perform better than expected [9][11]. - The overall industry volume in March meets expectations, with exports exceeding forecasts [11][20]. - The market structure indicates a decline in the market share of Weichai, maintaining its leading position [12][39]. Summary by Sections Sales Tracking - In March, wholesale sales of heavy trucks reached 111,000 units, with year-on-year and month-on-month changes of -3.7% and +37%, respectively [8]. - Terminal sales for March were 72,000 units, with year-on-year and month-on-month changes of -4.4% and +49.1%, respectively [8]. - Export sales in March were 28,000 units, with year-on-year and month-on-month changes of +12.3% and +22.7%, respectively [8]. - The total industry inventory increased by 12,000 units, with the current total inventory at 161,000 units [8]. Market Structure Tracking - In March, the market share for terminal sales among major manufacturers was as follows: Jiefang 21.3%, Dongfeng 21.4%, Heavy Truck 18.1%, Shaanxi Heavy Truck 12.8%, and Foton 10.3% [10]. - For exports, the market share was: Jiefang 18.5%, Dongfeng 9.4%, Heavy Truck 41.6%, Shaanxi Heavy Truck 16.3%, and Foton 9.4% [10][50]. Profitability Tracking - The heavy truck production volume in March was 116,000 units, with year-on-year and month-on-month changes of -0.4% and +33.7%, respectively [11]. - The structure of the industry shows a significant increase in new energy heavy trucks, with sales of 14,000 units in March, reflecting a year-on-year increase of 183% [11]. - The penetration rate for new energy heavy trucks reached 19.9%, an increase of 13.2 percentage points year-on-year [11]. Engine Market Structure - In March, the market share for engines was as follows: Weichai 24.1%, Cummins 16.2%, Xichai 14.3%, Heavy Truck 8.4%, and Yuchai 14.5% [12][59]. - Weichai's terminal matching volume was 17,000 units, with year-on-year changes of -38.1% and +26.7% [65]. Investment Recommendations - The report recommends stocks such as China National Heavy Duty Truck and Weichai Power, highlighting the performance improvement potential of Jiefang and Foton [12][72].

证券代码：000800 证券简称：一汽解放 公告编号：2025-039 一汽解放集团股份有限公司 2024年度股东大会决议公告 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。 特别提示： 1、本次股东大会没有否决议案的情形。 2、本次股东大会没有涉及变更前次股东大会决议。 一、会议召开和出席情况 1、召开时间： 现场会议召开时间：2025 年 4 月 18 日下午 15:00 网络投票时间为：2025 年 4 月 18 日，其中： （1）通过深圳证券交易所交易系统进行网络投票的具体时间 2025 年 4 月 18 日上午 9:15—9:25，9:30－11:30 和下午 13:00－15:00 （2）通过深圳证券交易所互联网投票系统投票的具体时间 2025 年 4 月 18 日上午 9：15 至下午 15：00 期间的任意时间 2、召开地点：公司会议室 3、召开方式：现场投票与网络投票相结合表决方式 4、召集人：公司董事会 5、主持人：公司董事兼总经理于长信先生 6、本次会议的召开符合《公司法》《上市公司股东会规则》及《公司章程》 的规定 7、出席的总体情况： ...

关于回购注销部分限制性股票减资暨通知债权人的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一汽解放集团股份有限公司（以下简称"公司"）于2025年3月28日召开第 十届董事会第二十四次会议和第十届监事会第二十次会议，并于2025年4月18 日召开2024年度股东大会，审议通过了《关于第一期限制性股票激励计划预留 授予的第三个解除限售期解除限售条件未成就暨回购注销部分限制性股票及调 整回购价格的议案》，同意回购注销激励对象已获授但尚未解除限售的限制性股 票数量共1,090,201股。具体内容详见公司于2025年3月29日刊登在《证券时报》 证券代码：000800 证券简称：一汽解放 公告编号：2025-040 一汽解放集团股份有限公司 《中国证券报》和巨潮资讯网（http://www.cninfo.com.cn）的《关于第一期限 制性股票激励计划预留授予的第三个解除限售期解除限售条件未成就暨回购注 销部分限制性股票及调整回购价格的公告》。 本 次 回 购 注 销 完 成 后 ， 公 司 总 股 本 将 由 4,922,371,176 股 减 少 至 4, ...