中国重汽集团济南卡车股份有限公司 会议决议公告 证券代码：000951 股票简称：中国重汽 公告编号：2024-39 中国重汽集团济南卡车股份有限公司 第九届董事会 2024 年第六次临时会议决议公告 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。 一、董事会会议召开情况 中国重汽集团济南卡车股份有限公司（以下简称"公司"）第九 届董事会 2024 年第六次临时会议（以下简称"本次会议"）通知于 2024 年 12 月 14 日以书面送达和电子邮件等方式发出，2024 年 12 月 20 日以通讯方式在公司会议室召开。 鉴于工作调整的原因，王琛先生、刘正涛先生、李霞女士不再担 任公司第九届董事会非独立董事。上述人员均未持有公司股份且不再 在上市公司任职。公司董事会对上述人员在公司任职期间勤勉尽责以 及为提升公司规范运作水平等方面所做出的贡献表示衷心的感谢！ 本次会议应到董事 6 人，实到 6 人。经由公司半数以上董事共同 推举，本次会议由公司董事、总经理赵尔相先生主持，监事会成员和 高级管理人员列席了会议。会议的召开及出席人数符合《中华人民共 和国公司法》和《 ...

1 证券代码：000951 证券简称：中国重汽 中国重汽集团济南卡车股份有限公司 编号：20241220 市场占有率及整体盈利水平均实现稳步提升。 公司一直重视股东回报，近五年持续提升分红比例，回 例提升至 55%，合计派发现金股利 3.4 亿元。自上市以来， 未来，公司将综合考量市场环境、生产经营、现金流、 持续回馈广大投资者。 同比增长 143%。11 月份，国内新能源重卡共计销售 1.01 万 投资者关系活动记录表 | --- | --- | --- | --- | |-----------------------|----------------|------------------------------|------------------------------------------------------| | | | | | | 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） | ...

1 证券代码：000951 证券简称：中国重汽 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：20241219 | --- | --- | --- | --- | |----------------|-----------------|--------------------------------------------|------------------------------------------------------| | | | | | | 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 | 西部证券 | 齐天翔、庞博 | | | 及人员姓名 | 运舟资本 郑青青 | | | | 时 间 | 2024 年 12 | 月 19 日 | 10:00-11:30 | | 地 点 | 公司办公室 | | | | 上市公司 | | | 董事会秘书助理兼证券事 ...

1 证券代码：000951 证券简称：中国重汽 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：20241218 | --- | --- | --- | |-----------------------|---------------------------------------------------|-----------------------------------------------------------------------------------------------| | | | | | 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 | 兴业证券 许婧 | | | 及人员姓名 | 嘉实基金 谭丽、张金涛 | | | 时 间 | 2024 年 12 月 18 | 15:30-16:30 | | 地 点 | 公司办公室 | | | 上市公司 接待人员姓名 | ...

1 证券代码：000951 证券简称：中国重汽 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：20241217 | | 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 | 德邦证券 | 赵悦媛、李梵钰 | | | 及人员姓名 | 工银瑞信 郭照阳 | | | | 时 间 | 2024 年 12 | 月 17 日 | 13:30-14:30 | | 地 点 | 公司办公室 | | | | 上市公司 | | 董事会秘书助理兼证券事务代表 张欣 ...

1 证券代码：000951 证券简称：中国重汽 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：20241213 | --- | --- | --- | --- | --- | |----------------|---------------------|------------------------------------|----------------------------|------------------------------------------------------| | | | | | | | 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 | 中泰证券 | 白臻哲 | | 富国基金 孙柏蔚 | | 及人员姓名 | | 国泰基金 杨衍嘉 亘曦资产 | | 庄 延 | | | | 鹏扬基金 赵南迪 华泰保险 车育文 | ...

Core Insights - China National Heavy Duty Truck Corporation (CNHTC) is leading the commercial vehicle industry with the launch of nine new models at the 2025 Partner Conference, showcasing its ambition to dominate the market [1] Group 1: New Product Launches - Five new energy products were unveiled, including the HOWO TX 612 kWh pure electric dump truck, which features a range of 430 km and is equipped with a new generation high-energy density battery [2] - The HOWO TX 600 kWh central drive charging tractor is recognized as a benchmark for medium and long-distance heavy trucks, with a recovery efficiency of 30% and a transport radius exceeding 400 km [2] - The HOWO Commander PRO 100 kWh electric light truck offers rapid charging capabilities, reaching 80% charge in just 20 minutes, and features a dual-stage electric drive bridge [3] Group 2: High-End Vehicle Development - The Pioneer V series light commercial vehicles were launched, emphasizing high-end features and a comprehensive design aimed at setting new industry standards [4] - A new generation of heavy-duty tractors was introduced, featuring a drag coefficient of ≤0.43 Cd, which reduces wind resistance by 13% and improves fuel efficiency by 10% [4] Group 3: Specialized Vehicles - The HOWO TX7-N tractor, designed for coal and composite transport, boasts a high thermal efficiency WP13NG engine and a lightweight design, weighing only 7900 kg [5] - The HOWO Hanjiang 2025 light truck features a new exterior and interior design, enhancing fuel economy and reliability, thus providing a competitive edge in the market [5] Group 4: Market Strategy - CNHTC's new vehicle launches reflect a deep understanding of market demands and a commitment to responding to user feedback, aiming to create a comprehensive commercial vehicle ecosystem [6]

Core Insights - The China National Heavy Duty Truck Group (CNHTC) held its 2025 Partner Conference with the theme "We Are One," gathering 2,400 industry elites to showcase its advanced technologies and products across various vehicle categories [1][2] - In 2024, CNHTC achieved remarkable results, leading in heavy truck sales, market share, and exports, reflecting the strong support from its partners [1][2] - The conference marked a new starting point for high-quality cooperation and development, aiming to provide more efficient and valuable logistics solutions [1][2] Product Launches and Innovations - CNHTC launched five new energy products, including electric dump trucks and charging tractors, showcasing cutting-edge technology to meet diverse customer needs and promote green transportation [2][3] - The unveiling of the "Pioneer V" light passenger vehicle and the new generation fuel tractor aimed at long-distance transport highlighted CNHTC's commitment to high-quality, intelligent, and comfortable vehicles [3] - The HOWO TX7-N heavy truck was introduced as a cost-effective solution for coal and composite transportation, emphasizing high quality, safety, and load capacity [3] Strategic Initiatives - CNHTC initiated five mutually beneficial actions to enhance customer value, including developing a comprehensive product series and establishing a reliable sales network [2] - The company emphasized the importance of lifecycle service for vehicles, launching a certification standard for used commercial vehicles to create a new market segment [4] - Looking ahead to 2025, CNHTC expressed its commitment to building a closer, mutually beneficial community with partners, focusing on market orientation and quality [4]

中国重汽2025年合作伙伴大会将于12月8日在济南荣耀启幕，呈献一场科技与未来深度交融的行业盛 宴。届时，五大新能源新品——汕德卡423kWh纯电自卸车、豪沃TX 612kWh纯电自卸车、豪沃TX 600kWh中央驱动充电牵引车、豪沃TX 500kWh电驱桥充电牵引车、HOWO统帅PRO 100kWh电驱桥轻 卡将惊艳亮相。 深耕定制化场景 满足市场多元化需求 中国重汽积极探索新能源车型的运营模式，不断拓展定制化场景，以适应市场的多样化需求。在自卸车 这一细分领域，运输车辆常需要在地形错综复杂、道路崎岖不平等恶劣工况下工作，因此车辆需兼备安 全抗造和动力强劲两大核心特质，二者缺一不可。汕德卡423kWh纯电自卸车，电机峰值功率高达 490kW，不仅赋予车辆澎湃动力，并且脱困性能极强，确保在各种挑战面前都游刃有余、无所畏惧；同 时，车辆配备了8+8+8/300三层车架，铸造飞机梁横梁，承载力更强，TG驾驶室顶部、侧面及后方可承 受高达10吨的强烈冲击，以钢铁之躯全方位守护驾乘人员安全。 豪沃TX 612kWh纯电自卸车在满足高稳定性和高承载需求的同时，更以超长续航优势脱颖而出。车辆 搭载全新一代高能量密度电池， ...

Investment Rating - The report assigns a "Buy" rating for the company, marking the first coverage [6][11]. Core Insights - The company is a leading player in the heavy truck market under the Heavy Truck Group, with heavy truck sales accounting for 56% of the group's total [6][25]. - In Q1-Q3 2024, the Heavy Truck Group sold 187,400 units, achieving a market share of 27.5%, maintaining the top position [6][25]. - Despite a significant decline in industry sales in Q3 2024, the company benefited from a notable increase in gross margin to 8.30%, resulting in a net profit of 315 million yuan, a year-on-year increase of 97.88% [6][31]. Summary by Sections 1. Performance of the Core Heavy Truck Segment - The company is the leading heavy truck manufacturer under the Heavy Truck Group, with a market share of 13.98% in H1 2024, selling 70,500 units [23][25]. - The group’s market share has increased from 14.43% in 2019 to 24.92% in 2023, with a stable A-share market share around 14% [25]. 2. Product Matrix and Brand Strategy - The company has a comprehensive product matrix that aligns with market demands, particularly in the tractor truck segment, which holds a market share of 21.43% in Q1-Q3 2024 [7][42]. - The dual powertrain strategy with MAN and Weichai enhances product competitiveness, particularly in the gas heavy truck market, where sales increased from 7,500 units in H1 2023 to 27,800 units in H1 2024, with market share rising from 14.02% to 25.60% [7][61]. 3. Overseas Market Expansion - The company has capitalized on high growth in the export market, with exports exceeding 130,000 units in 2023, accounting for over 50% of group sales [8]. - The average export price per vehicle has increased from 266,800 yuan in 2020 to 305,300 yuan in H1 2024, driven by high-end product exports [8]. 4. Revenue and Profit Forecast - The company is projected to achieve revenues of 46.29 billion yuan, 52.73 billion yuan, and 62.19 billion yuan for 2024, 2025, and 2026, respectively, with year-on-year growth rates of 10.02%, 13.92%, and 17.94% [9][13]. - Expected net profits for the same period are 1.30 billion yuan, 1.57 billion yuan, and 1.89 billion yuan, with growth rates of 20.14%, 21.18%, and 19.88% [9][13].