2025 年 9 月 3 日，公司接到省投资集团出具的《关于安凯客车股份减持计 划进展情况的告知函》，2025 年 8 月 26 日至 2025 年 9 月 2 日，省投资集团通 过集中竞价方式减持本公司股份合计 4,025,600 股（占公司总股本的 0.43%）， 本次减持持股变动跨越触及 1%整数倍。根据《证券法》《上市公司收购管理办 法》《深圳证券交易所上市公司自律监管指引第 18 号——股东及董事、高级 管理人员减持股份》等有关规定，现将股东减持情况公告如下： 证券代码：000868 证券简称：安凯客车 公告编号：2025-036 安徽安凯汽车股份有限公司 关于持股 5%以上股东减持股份触及 1%整倍数的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 安徽安凯汽车股份有限公司（以下简称"公司"）于2025年5月27日在巨潮 资讯网披露了《关于持股5%以上股东减持计划的预披露公告》（公告编号： 2025-025），持有公司69,245,331股（占公司总股本的7.37%）的股东安徽省投 资集团控股有限公司（ ...

格隆汇9月3日丨安凯客车(000868.SZ)在互动平台表示，公司与比亚迪公司没有合作项目。 ...

Market Overview - The commercial vehicle sector experienced a decline of 0.32% on September 3, with Ankai Bus leading the drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Individual Stock Performance - Hanma Technology saw an increase of 1.77%, closing at 6.90 with a trading volume of 591,100 shares and a turnover of 409 million yuan [1] - Ankai Bus reported a decrease of 3.37%, closing at 5.73 with a trading volume of 240,400 shares and a turnover of 141 million yuan [2] - Other notable declines included Jianghuai Automobile down 2.41% to 51.93 and Foton Motor down 2.51% to 2.72 [2] Capital Flow Analysis - The commercial vehicle sector experienced a net outflow of 210 million yuan from institutional investors, while retail investors saw a net inflow of 215 million yuan [2] - The main capital inflow and outflow for individual stocks showed that Hanma Technology had a net inflow of 44.72 million yuan from institutional investors [3] - Ankai Bus had a minor net inflow of 1.15 million yuan from institutional investors, while retail investors had a net outflow of 397,840 yuan [3]

Group 1 - The automotive sector experienced a downward trend on September 2, with notable declines in stocks such as Jiangling Motors and BAIC Blue Valley, both dropping over 2% [1] - Other companies that followed the downward trend include Qianli Technology, Ankai Bus, Zhongtong Bus, and CIMC Vehicles [1]

Group 1 - The commercial vehicle sector increased by 0.54% on September 1, with Jiangling Motors leading the gains [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] - Jiangling Motors' stock price rose by 4.69% to 21.67, with a trading volume of 155,200 shares and a transaction value of 332 million yuan [1] Group 2 - The commercial vehicle sector experienced a net outflow of 260 million yuan from institutional investors, while retail investors saw a net inflow of 154 million yuan [2] - Yutong Bus had a net inflow of 48.89 million yuan from institutional investors, but a net outflow of 6.81 million yuan from speculative funds [3] - Foton Motor saw a net inflow of 8.75 million yuan from institutional investors, while retail investors had a net outflow of 12.02 million yuan [3]

国家知识产权局信息显示，安徽安凯汽车股份有限公司取得一项名为"一种测量计数仪器"的专利，授权 公告号CN 223272604 U，申请日期为2024年09月。 天眼查资料显示，安徽安凯汽车股份有限公司，成立于1997年，位于合肥市，是一家以从事汽车制造业 为主的企业。企业注册资本93951.4735万人民币。通过天眼查大数据分析，安徽安凯汽车股份有限公司 共对外投资了19家企业，参与招投标项目1736次，财产线索方面有商标信息90条，专利信息2954条，此 外企业还拥有行政许可143个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 专利摘要显示，本实用新型公开了一种测量计数仪器，包括壳体，壳体表面设有按钮，壳体内设置有测 量计数电路，所述测量计数电路包括电源U、开关K、单片机信号控制模块MCU、被测电器件R、计数 器，开关K的一端连接电源U、另一端连接单片机信号控制模块MCU，MCU分为两路高边输出，一路连 接被测电器件R，另一路连接计数器，开关K与按钮连接。本实用新型通过设计一种汽车电器件测试用 电路，能够根据不同电器件设计输出时间和间隔进行测量计数，从而实现 ...

Core Viewpoint - The commercial vehicle industry in China is experiencing significant personnel changes among major companies, including China Changan Automobile, FAW Jiefang, Dongfeng Commercial Vehicle, and others, as they prepare for the upcoming sales peak in September and October [1][24]. Group 1: Personnel Changes - In August, several major companies in the commercial vehicle sector, such as FAW Jiefang, Dongfeng Commercial Vehicle, and China Changan Automobile, underwent key executive changes [1]. - China Changan Automobile Group was officially established as a central enterprise, with a new leadership team announced, including Zhu Huarong as the Party Secretary and Chairman [3]. - Changan Kaicheng, the commercial vehicle subsidiary of China Changan, appointed a new president, Dong Chenrui, who has 23 years of experience in the commercial vehicle sector [3]. - FAW Jiefang announced the resignation of board member Liu Yanchang and subsequently elected Qiao Youlin as a non-independent director [4][5]. - Dongfeng Commercial Vehicle made changes in its marketing department, appointing new leaders for various roles [7]. - Anhui Jianghuai Automobile Group announced a delay in the election of its new board of directors, extending the current board's term [9][10]. - Xiamen King Long United Automotive Industry Group appointed a new vice president and financial director, while also adding a new board member [12][13][14][15]. - Hanma Technology reported the resignation of its executive vice president, Fan Ruirui, due to personal reasons [17][18]. - Anhui Ankai Automobile announced the resignation of its securities affairs representative, Zhao Baojun, who will not hold any company shares [20][21]. Group 2: Industry Context - The personnel changes in August reflect a transitional phase in the commercial vehicle industry, linking the previous month's adjustments with the initial setup of the new central enterprise [24]. - These changes are aimed at optimizing management teams in preparation for the traditional sales peak in the upcoming months [24].

Market Overview - The commercial vehicle sector increased by 0.84% on August 28, with Shuguang Co. leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Individual Stock Performance - Shuguang Co. (600303) closed at 3.84, up 3.23% with a trading volume of 633,800 shares and a turnover of 240 million yuan [1] - Jianghuai Automobile (600418) closed at 51.19, up 2.34% with a trading volume of 733,100 shares and a turnover of 3.714 billion yuan [1] - Zhongshun Vehicles (301039) closed at 9.03, up 1.12% with a trading volume of 217,300 shares and a turnover of 19.4 million yuan [1] - Foton Motor (600166) closed at 2.74, up 0.37% with a trading volume of 1,409,800 shares and a turnover of 384 million yuan [1] - Yutong Bus (600066) closed at 27.35, up 0.22% with a trading volume of 118,100 shares and a turnover of 322 million yuan [1] - Other notable performances include FAW Jiefang (000800) at 7.14, up 0.14%, and Ankai Bus (000868) at 5.84, unchanged [1] Fund Flow Analysis - The commercial vehicle sector experienced a net outflow of 270 million yuan from institutional investors, while retail investors saw a net inflow of 247 million yuan [2] - The overall fund flow indicates a mixed sentiment, with institutional investors pulling back while retail investors are more active [2] Detailed Fund Flow by Stock - Jianghuai Automobile saw a net inflow of 29.0692 million yuan from institutional investors, but a net outflow of 47.1443 million yuan from speculative funds [3] - Shuguang Co. experienced a net outflow of 7.9935 million yuan from institutional investors, while speculative funds contributed a net inflow of 17.2662 million yuan [3] - China National Heavy Duty Truck (000951) had a significant net outflow of 36.9903 million yuan from institutional investors, but a net inflow of 38.2937 million yuan from speculative funds [3]

Market Overview - The commercial vehicle sector experienced a decline of 3.75% on August 27, with Jianghuai Automobile leading the drop [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Individual Stock Performance - Jianghuai Automobile (600418) closed at 50.02, down 6.29% with a trading volume of 1.0853 million shares and a transaction value of 561.3 million yuan [1] - Other notable declines included: - Shuguang Co. (600303) down 4.12% to 3.72 with a transaction value of 222 million yuan [1] - Dongfeng Motor (600006) down 3.67% to 7.62 with a transaction value of 827 million yuan [1] - Ankai Bus (000868) down 3.15% to 5.84 with a transaction value of 143 million yuan [1] Capital Flow Analysis - The commercial vehicle sector saw a net outflow of 1.197 billion yuan from institutional investors, while retail investors contributed a net inflow of 788 million yuan [1] - Specific stock capital flows included: - Yutong Bus (600066) with a net inflow of 37.46 million yuan from institutional investors [2] - JMC (000550) with a net outflow of 4.28 million yuan from institutional investors [2] - Ankai Bus (000868) had a significant retail net inflow of 18.78 million yuan despite a net outflow from institutional investors [2]

Core Viewpoint - Ankai Bus (000868) reported strong financial performance for the first half of 2025, with significant increases in revenue and net profit compared to the previous year, indicating a positive trend in sales and operational efficiency [1]. Financial Performance - Total revenue reached 1.592 billion yuan, a year-on-year increase of 38.74% [1] - Net profit attributable to shareholders was 18.40 million yuan, up 153.46% year-on-year [1] - In Q2 alone, total revenue was 935 million yuan, reflecting a 62.52% increase year-on-year, while net profit for the quarter was 14.03 million yuan, soaring 483.21% [1] - Gross margin was 8.41%, down 4.1% year-on-year, while net margin improved to 0.28%, an increase of 87.75% [1] - Total operating expenses were 100 million yuan, accounting for 6.31% of revenue, a decrease of 24.68% year-on-year [1] Cash Flow and Receivables - Operating cash flow per share was -0.03 yuan, an improvement of 85.56% year-on-year [1] - Accounts receivable increased by 31.29% year-on-year, reaching 1.155 billion yuan [1][2] - Cash flow from operating activities saw a net increase of 85.56%, attributed to higher cash receipts from sales [2][8] Liabilities and Financial Health - Interest-bearing liabilities rose to 159 million yuan, a 44.54% increase [1] - Short-term borrowings increased by 49.99% due to higher credit borrowings [2] - The company maintained a healthy cash position, with cash and cash equivalents amounting to 1.229 billion yuan, a 72.26% increase year-on-year [1] Investment and Market Position - The company’s historical return on invested capital (ROIC) has been poor, with a median of -2.07% over the past decade [16] - The company relies heavily on research and marketing for its business model, necessitating further investigation into these drivers [17] Fund Holdings - The largest fund holding Ankai Bus is the Yongying Low Carbon Environmental Smart Selection Mixed Fund A, with 17.90 million shares and a recent net value increase of 2.88% [18]