证券之星消息，1月14日商用车板块较上一交易日下跌0.83%，金龙汽车领跌。当日上证指数报收于 4126.09，下跌0.31%。深证成指报收于14248.6，上涨0.56%。商用车板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600418 江淮汽车 | | 6507.60万 | 2.22% | -5971.61万 | -2.04% | -536.00万 | -0.18% | | 600066 | 字通客车 | 4513.72万 | 6.79% | 2205.34万 | 3.32% | -6719.06万 | -10.11% | | 600686 | 金龙汽车 | 4011.09万 | 8.29% | -372.93万 | -0.77% | -3638.16万 | -7.52% | | 301039 | 中集车辆 | 2648.16万 | 12.99% | -303.99万 | -1.49% | ...

据第一商用车网统计，在2025年12月（2025年12月1日-2025年12月28日）的4周内，国 内9家主流重卡品牌"重卡第一影响力指数"的总得分为2320分，环比11月（2220分）4周上 升4.5%，较去年同期4周得分（2270分）上升2.2%。 2025年最后一个月，"重卡第一影响力指数"迎来"双升"的局面，既是对全年收尾的肯定，也 是对新一年的期待和鼓励。接下来，就请跟小编一起看看，2025年12月的重卡圈有什么事件 2025年12月"重卡第一影响力"传播事件统计 | 企业 | 传播事件 | ば | 干推车型 | 地点 | 点评 | | --- | --- | --- | --- | --- | --- | | 汽解放 | 2026 全 球合作伙 | 年会 | 200 余辆 | | 从"智"与"质"淬炼 定机会赢战未来。一汽 | | | | | | | 而成的破卷双刃,到锚 | | | | | 展车 | 成都 | 解放以客户价值为核 | | | 伴大会 | | | | 心、以体系实力为支撑 | | | | | | | 的"十五五"开局之战, | | | | | | | 已经打响 | | 中国重汽 | ...

中国汽车报记者 马鑫 姚会法 张雅慧 凌晨3点，河南郑州牧华供应链公司停车场内，总经理裴广超站在一辆新能源重卡前，抬手抹了抹 凝在车窗上的薄露，仪表盘上的续航里程清晰显现。"这车，安静。拉饲料、运活禽，夜里进出小区， 不担心扰民。"据裴广超估算，一趟200公里的路程，运30吨饲料，电费还不到200元，若换成柴油车， 油钱起码得500多元。 河北滦平恒昌物流园里，董事长杨利群走过正在充电的车队。"以前这时候，园子里早轰隆开了， 尾气味呛人。"他点开手机上的记账软件，"现在不仅安静了，光油电差价，一台车一天能省800多元。" 这些"悄"然而至的改变，正在无数的公路上、场站间同步上演。2025年，新能源重卡市场发展迅 速，前11个月累计销量冲破18万辆，同比增长近两倍；单月销量峰值逼近3万辆，市场渗透率达20%。 市场重心转变 应用场景拓宽 国家"双碳"目标牵引，"两重""两新"政策落地见效，地方"以旧换新"补贴、路权优待、通行费减免 等政策形成"组合拳"。"报废国四车辆并购买新能源重卡最高补贴14万元，部分城市还有专项政策。"法 士特负责人介绍。 算算每吨公里的成本与收益，新能源重卡优势明显。"一辆新能源重卡在标 ...

Core Viewpoint - The company anticipates rapid growth in the new energy heavy truck industry by 2025, driven by government subsidies, market demand release, and operational cost advantages of electric heavy trucks [1] Group 1: Industry Insights - The new energy heavy truck industry is expected to achieve a total sales volume of 195,600 units in 2025, representing a year-on-year growth of 190% [1] - The growth is supported by the "old-for-new" subsidy policy, which encourages the replacement of older vehicles with new energy options [1] Group 2: Company Strategy - The company leverages its group's research and development capabilities to ensure that its sales growth in new energy heavy trucks outpaces the industry average [1] - Future focus will be on technological evolution and market trends to drive steady business development [1]

Group 1 - The company hosted an institutional research meeting on January 12, 2026, with participation from four investment institutions, discussing operations, new energy business, export situation, and dividend plans [1] - The overall operation of the company shows growth, with a sufficient backlog of orders. In 2025, the total sales volume of heavy trucks in China reached 1.137 million units, a year-on-year increase of approximately 26% [1][2] - The new energy heavy truck sector is experiencing rapid growth, with a significant increase in market penetration. In 2025, the cumulative sales of new energy heavy trucks in China reached 195,600 units, a year-on-year increase of 190% [1][2] Group 2 - The company has achieved rapid breakthroughs in the new energy sector, with sales growth surpassing the industry average. It will continue to focus on technological evolution and market trends for stable business development [2] - The company has maintained the industry’s leading position in exports for 21 consecutive years, covering over 150 countries and regions, with strong growth in emerging markets [2] - The company emphasizes shareholder returns, having consistently increased the dividend payout ratio over the past five years, and plans to further raise cash dividend ratios when conditions allow [2]

证券代码：000951 证券简称：中国重汽 1 中国重汽集团济南卡车股份有限公司 投资者关系活动记录表 编号：20260112 | 投资者关系活动 | ■特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 参与单位名称 | 中金银海（香港）基金 雍心、郭佳怡 | | 及人员姓名 | 中天汇鑫投资基金 崔建民 中信证券 宋敏敏 | | | 启林私募基金 丛刚滋 | | 时 间 | 2026 年 1 月 12 日 10:00-11:30 | | 地 点 | 公司会议室 | | 上市公司 | 董事会秘书 张 欣 | | 接待人员姓名 | 投关专员 何炳易 | | | 公司董事会秘书张欣女士简要介绍了公司情况，并就投 | | | 资者关心的问题进行了沟通和交流。主要内容如下： | | | 1、请介绍一下公司整体运营情况。 | | 投资者关系活动 | 根据第一商用车网数据，2025 年全年，我国重卡市场总 | | 主要内容介绍 | 销量 万辆，同比增长约 年 ...

Group 1 - The commercial vehicle sector experienced a decline of 0.69% on January 12, with Yutong Bus leading the drop [1][3] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] - Major stocks in the commercial vehicle sector showed varied performance, with Jinlong Automobile increasing by 2.51% and Yutong Bus decreasing by 2.65% [1][3] Group 2 - The net outflow of main funds in the commercial vehicle sector was 505 million yuan, while retail investors saw a net inflow of 314 million yuan [3][4] - The trading volume for major stocks included 248,600 shares for Yutong Bus and 578,000 shares for Jianghuai Automobile, with transaction amounts of 784 million yuan and 2.851 billion yuan respectively [3][4] - The fund flow analysis indicated that retail investors had a significant net inflow in several stocks, including Jiangling Motors, which saw a net inflow of 11.05% [4]

Core Insights - The report focuses on the market demand and investment planning for the cold chain vehicle industry in China, highlighting key players and their revenue performance [1][12]. Group 1: Industry Overview - The cold chain vehicle industry in China has limited companies primarily engaged in this sector, but the supply chain is extensive [1]. - Major listed companies in the cold chain vehicle manufacturing segment include CIMC Vehicles, Foton Motor, Dongfeng Motor, FAW Jiefang, and China National Heavy Duty Truck [1]. Group 2: Company Summaries - Foton Motor has the highest registered capital and the most bidding information among cold chain vehicle companies [12]. - Jiangling Motors, established the earliest, focuses on light commercial vehicles [12]. - CIMC Vehicles leads in semi-trailer production globally [14]. Group 3: Revenue Performance - In the first three quarters of 2025, Foton Motor reported a revenue of 454.49 billion, while FAW Jiefang and Jianghuai Automobile reported revenues of 439.96 billion and 308.73 billion, respectively [17]. - CIMC Vehicles achieved the highest gross margin at 15.17% among the listed companies [14]. Group 4: Product and Business Strategies - Foton Motor is advancing pure electric refrigerated vehicles and has delivered its first batch of cold chain vehicles [18]. - FAW Jiefang focuses on long-distance cold chain vehicles, promoting the JH6 model [18]. - Jianghuai Automobile is developing a range of refrigerated vehicles to cover various lengths and applications [18]. - CIMC Vehicles is exploring the development of new energy semi-trailers for the North American market [18].

Core Viewpoint - China National Heavy Duty Truck Corporation (CNHTC) has successfully delivered the first batch of 30 units of HOWO TX new energy mixer trucks to Hongxin Building Materials Co., Ltd. in Zhangjiajie, marking a significant milestone in its commitment to the new energy commercial vehicle market in Hunan [1][3]. Group 1: Delivery and Product Features - The delivery of the 30 HOWO TX new energy mixer trucks represents a strong start for CNHTC in 2026 and highlights its focus on the Hunan new energy commercial vehicle market [1][3]. - The HOWO TX trucks are equipped with industry-leading pure electric drive technology, achieving zero emissions, low noise, and high economic efficiency, which aligns with Zhangjiajie's environmental requirements [3][5]. - The trucks feature a high-strength lightweight design that ensures strong load-bearing capacity while optimizing range performance, along with an intelligent driving assistance system that enhances safety and maneuverability in complex road conditions [3][5]. Group 2: Strategic Importance and Future Plans - The partnership with Hongxin Building Materials is seen as a pivotal step towards establishing a green benchmark in the industry, with the trucks serving as core equipment for the company's green transformation [5][6]. - CNHTC aims to deepen its involvement in the green transportation system in Zhangjiajie and Hunan Province, providing diverse new energy products and customized solutions to support local strategic goals [6]. - The company plans to form a dedicated service team to ensure efficient operation and lifecycle management of the delivered vehicles, reinforcing its commitment to customer support and service excellence [5][6].

Core Viewpoint - The rapid growth of the new energy heavy truck market in China is driven by policy support, cost advantages, and expanding application scenarios, with sales expected to continue increasing significantly by 2025 [5][6][7]. Market Dynamics - In the first 11 months of 2025, cumulative sales of new energy heavy trucks exceeded 180,000 units, representing a nearly twofold year-on-year increase, with a market penetration rate reaching 20% [5]. - The market focus has shifted from traditional fuel trucks to new energy vehicles, with significant sales growth reported by manufacturers [6]. Application Scenarios - New energy heavy trucks are increasingly being used in diverse applications beyond fixed routes, including logistics for various goods and long-distance transportation within 500 kilometers [6][7]. - The penetration rate of new energy heavy trucks in short-distance transportation scenarios has reached 74% [7]. Cost Advantages - The cost per kilometer for new energy heavy trucks is approximately 1 yuan, compared to 2.5-3 yuan for diesel trucks, leading to substantial savings in operational costs [7]. - Policies such as subsidies for replacing old vehicles with new energy trucks are enhancing the financial attractiveness of these vehicles [7]. Infrastructure Development - The establishment of charging stations and battery swap stations along logistics routes has improved refueling efficiency, with rapid charging capabilities being implemented [8]. - The government is actively promoting the development of infrastructure to support the scaling of new energy transportation [10]. Challenges and Future Outlook - Current limitations include the need for new energy heavy trucks to expand their use in medium to long-distance transportation and improve the network of charging facilities [9]. - The Ministry of Transport is committed to promoting the large-scale development of new energy transportation equipment, with a focus on supporting the transition to low-emission vehicles [10][11]. - Companies are increasing their R&D efforts and collaborating with academic and industry partners to advance technology in the new energy heavy truck sector [11].