证券代码：000868 证券简称：安凯客车 公告编号：2025-032 | 品 目 | 2025 | 年 | 7 月 | | 本年累计 | | 累计数量较去年同期 增减比率 | | --- | --- | --- | --- | --- | --- | --- | --- | | 产量 | | | | 524 | | 4613 | 50.07% | | 其中：大型客车 | | | | 355 | | 2438 | 166.74% | | 中型客车 | | | | 68 | | 1465 | 30.69% | | 轻型客车 | | | | 101 | | 710 | -31.67% | | 销量 | | | | 668 | | 4410 | 39.38% | | 其中：大型客车 | | | | 435 | | 2292 | 148.59% | | 中型客车 | | | | 169 | | 1430 | 14.22% | | 轻型客车 | | | | 64 | | 688 | -30.51% | 本表为销售快报数据，最终数据以公司定期报告数据为准。同时，提醒广 大投资者，不能以公司产销数据直接推算公司业绩情况。 ...

Group 1 - The commercial vehicle sector increased by 0.37% on August 5, with Shuguang Co. leading the gains [1] - The Shanghai Composite Index closed at 3617.6, up 0.96%, while the Shenzhen Component Index closed at 11106.96, up 0.59% [1] - Key stocks in the commercial vehicle sector showed varied performance, with Shuguang Co. closing at 3.72, up 2.76% [1] Group 2 - The commercial vehicle sector experienced a net outflow of 4.92 billion yuan from institutional investors, while retail investors saw a net inflow of 3.58 billion yuan [2] - Among individual stocks, China National Heavy Duty Truck had a net inflow of 972.34 million yuan from institutional investors, but a net outflow of 1499.16 million yuan from retail investors [3] - Foton Motor and Shuguang Co. also showed mixed fund flows, with Foton Motor seeing a net inflow of 731.12 million yuan from institutional investors [3]

Group 1 - The company Ankai Bus (000868.SZ) has announced that its operational buses over 9 meters are now equipped with AEBS (Advanced Emergency Braking System) [1] - The company will comply with the Ministry of Transport's requirements to add AEBS systems to operational buses under 9 meters [1]

7月12日公司发布上半年业绩预告，预计实现净利润1500.00万元至2100.00万元，变动区间为 106.67%~189.34%。（数据宝） （文章来源：证券时报网） 证券时报·数据宝统计，截至发稿，安凯客车收盘价为5.83元，上涨0.34%，本期筹码集中以来股价累计 下跌0.51%。具体到各交易日，5次上涨，5次下跌。 公司发布的一季报数据显示，一季度公司共实现营业收入6.58亿元，同比增长14.84%，实现净利润 437.03万元，同比下降9.95%，基本每股收益为0.0100元，加权平均净资产收益率0.51%。 安凯客车8月1日披露，截至7月31日公司股东户数为51554户，较上期（7月20日）减少3866户，环比降 幅为6.98%。这已是该公司股东户数连续第3期下降。 ...

Core Viewpoint - The public announcement on July 22, 2025, reveals the results of the bidding for 10 pure electric buses without standing areas, with Anhui Ankai Automobile Co., Ltd. winning the bid at a price of 6.87 million yuan [1][3]. Group 1: Bidding Overview - The bidding for 10 pure electric buses was published on June 20, 2025, and the opening and evaluation took place on July 18, 2025 [3]. - The first candidate is Anhui Ankai Automobile Co., Ltd. with a bid of 6.87 million yuan, followed by Yutong Bus Co., Ltd. at 7.43 million yuan, and Xiamen King Long United Automotive Industry Co., Ltd. at 7.42 million yuan [1][3][8]. Group 2: Evaluation Process - All four bidding units passed the preliminary review, qualification review, and responsiveness review, allowing them to enter the detailed evaluation phase [4][5][6]. - The detailed evaluation was based on the bidding price, technical proposals, and overall strength of the bidders, leading to the ranking of the candidates [6]. Group 3: Contract and Warranty - The contract stipulates that the winning bidder must complete the production and delivery of all vehicles within 40 calendar days from the signing of the contract, with a warranty period of three years for the vehicles [1][3][8].

Group 1 - Several listed companies have announced large orders, leading to significant stock price movements and improved performance expectations [1] - Companies like Juxing Technology have secured substantial orders in the European market, with a projected annual procurement amount of at least $15 million, which exceeds their 2024 revenue from electric tools [1][2] - Aerospace Rainbow reported that its foreign trade orders are at historically high levels, with strong international sales of its drone products [2] Group 2 - Shenghui Integrated disclosed that its order backlog reached 2.813 billion yuan, a year-on-year increase of 69.24%, with significant contributions from the IC semiconductor and precision manufacturing sectors [3] - Donghua Technology reported a total of 49.903 billion yuan in signed but uncompleted orders, with a diverse portfolio across domestic and international markets [4] - Companies are experiencing notable increases in order volumes, which is driving significant profit growth, as seen in the forecasts of Ankai Bus and Zhimi Intelligent [5][6]

Core Insights - The automotive industry is experiencing a shift as companies disclose their 2025 semi-annual performance forecasts, serving as a test for their responsiveness to industry initiatives [1] - Among the 11 disclosed forecasts, 7 companies expect positive net profits, while 5 anticipate losses [1] Group 1: Passenger Vehicle Companies - Great Wall Motors is projected to have the highest net profit at 63.4 billion yuan, but with a decline of 10.2% year-on-year [2][3] - GAC Group and JAC Motors are expected to report significant losses, with GAC's loss estimated between 18.2 billion to 26 billion yuan, and JAC's loss around 6.8 billion yuan [3][6] - Seres is expected to achieve a net profit between 27 billion to 32 billion yuan, reflecting a substantial growth of 66.2% to 96.98% year-on-year, despite a 15.77% decline in sales volume [5][3] Group 2: Commercial Vehicle Companies - Commercial vehicle manufacturers generally report positive forecasts, with notable growth in net profits for companies like Foton Motor (7.76 billion yuan, up 87.5%) and King Long Motor (11.6 billion yuan, up 74.71%) [9][11] - The export market is a significant contributor to the performance of commercial vehicle companies, with a 10.8% increase in bus exports and a 10.5% increase in truck exports in the first half of 2025 [11] - Despite a projected profit of 1.8 million to 2.2 million yuan, FAW Jiefang anticipates a dramatic decline of 96.45% to 95.66% year-on-year due to intensified competition and market conditions [12]

Investment Rating - The automotive industry is rated as "Neutral" for the next six months, indicating expected performance in line with the market [53]. Core Insights - In June, retail sales of passenger vehicles increased by 18.1% year-on-year, with new energy vehicles seeing a growth of 30% [4][44]. - The automotive sector experienced a decline of 0.41% from July 7 to July 11, 2025, underperforming the CSI 300 index by 1.23 percentage points [10][44]. - The overall PE-TTM for the automotive industry as of July 11 is 25.83, down by 0.12 from the previous week [11][44]. Summary by Sections Market Overview - The automotive sector's performance from July 7 to July 11 showed a decline across various segments, with the passenger vehicle segment down by 1.43% and commercial vehicles down by 0.99% [10][44]. - The automotive services sector, however, increased by 3.13%, outperforming the CSI 300 index [10][44]. Valuation Levels - As of July 11, the PE-TTM for passenger vehicles is 25.11, for commercial vehicles is 36.01, and for automotive parts is 24.33 [11][44]. - The passenger vehicle segment saw a decrease of 0.37% in valuation, while the automotive parts segment increased slightly by 0.02% [11][44]. New Models and Industry News - 尚界汽车 has released a teaser for its first SUV model, which is expected to launch in the fall of 2025 [3][44]. - A total of 29 new and updated vehicle models were launched during the week of July 7 to July 11 [40][41]. Sales Performance - In June, the total retail sales of passenger vehicles reached 2.084 million units, marking an 18.1% increase year-on-year [7][44]. - Cumulative retail sales for the first half of the year reached 10.901 million units, up 10.8% compared to the same period last year [7][44].

Core Viewpoint - Zhangjiagang City plans to procure 61 pure electric city buses with a total budget of 47.832 million yuan for the 2025 bus vehicle procurement project [1][2]. Group 1: Tender Information - The tender was divided into four sections, with the following results: - Section 1: Suzhou Jinlong Automobile Sales Co., Ltd. won the bid for 20 units of 8-meter pure electric city buses at a price of 18.86 million yuan [1][2]. - Section 2: Suzhou Jinlong Automobile Sales Co., Ltd. also won the bid for 15 units of 7-meter pure electric city buses at a price of 12.03 million yuan [1][2]. - Section 3: Anhui Ankai Automobile Co., Ltd. won the bid for 10 units of 5-meter dynamic pure electric city buses at a price of 6.51 million yuan [1][2]. - Section 4: Suzhou Zhongqiao Automobile Sales Service Co., Ltd. won the bid for 16 units of 5-meter pure electric city buses at a price of 10.264 million yuan [1][2][3]. Group 2: Budget and Pricing - The budget for each section was as follows: - Section 1: Budgeted at 18.94 million yuan, actual bid was 18.86 million yuan [2][3]. - Section 2: Budgeted at 12.09 million yuan, actual bid was 12.03 million yuan [2][3]. - Section 3: Budgeted at 6.53 million yuan, actual bid was 6.51 million yuan [2][3]. - Section 4: Budgeted at 10.272 million yuan, actual bid was 10.264 million yuan [2][3].

Group 1 - Yuntian Lifa plans to issue H-shares and list on the Hong Kong Stock Exchange [3] - Aerospace Electromechanical's wholly-owned subsidiary intends to transfer 70% equity of Eschong Korea [4] - Three Gorges Water Conservancy plans to publicly transfer 41.0071% equity of Chongqing Tiantai Energy Group [5] Group 2 - Galaxy Microelectronics intends to invest 310 million yuan in the construction of a high-end integrated circuit device industrialization base [6] - Wanye Enterprises' wholly-owned subsidiary plans to invest 299 million yuan to establish a private equity investment fund [7] - Dailor New Materials will invest 45 million yuan to establish a holding subsidiary [8] Group 3 - Huaxi Securities expects a net profit increase of 1025.19% to 1353.9% year-on-year for the first half of 2025 [10][11] - Guolian Minsheng anticipates a net profit increase of approximately 1183% year-on-year for the first half of 2025 [12] - Gaode Infrared expects a net profit increase of 734.73% to 957.33% year-on-year for the first half of 2025 [13] Group 4 - Tianchen Co. expects a net profit increase of 640% to 786% year-on-year for the first half of 2025 [14] - Shenkai Co. anticipates a net profit increase of 183% to 278% year-on-year for the first half of 2025 [15] - Taishan Petroleum expects a net profit increase of 123% to 173% year-on-year for the first half of 2025 [16] Group 5 - Ruikeda expects a net profit increase of 132.44% to 163.22% year-on-year for the first half of 2025 [17] - Jinkong Electric anticipates a net profit of 120 million to 150 million yuan, turning from loss to profit [18] - Ankai Bus expects a net profit increase of 106.67% to 189.34% year-on-year for the first half of 2025 [19] Group 6 - Yara International expects a net profit increase of 170% to 244% year-on-year for the first half of 2025 [20] - Zhongshun Jierou anticipates a net profit increase of 59.85% to 82.68% year-on-year for the first half of 2025 [21] - Guoan Co. expects a loss of 25.9 million to 36.7 million yuan for the first half of 2025 [22] Group 7 - Huamei Holdings expects a loss of 46.5 million to 60 million yuan for the first half of 2025 [23] - AOC Technology anticipates a loss of 450 million to 490 million yuan for the first half of 2025 [24] - Shangrong Medical expects a loss of 7 million to 9.5 million yuan for the first half of 2025 [25] Group 8 - Hangang Co. expects a net loss of approximately 111 million yuan for the first half of 2025 [26] - Baili Electric's shareholder plans to reduce its stake by no more than 2% [27] - Dream Lily's major shareholder plans to reduce its stake by no more than 0.5% [28]