Core Points - The company will hold a half-year performance briefing on August 28, 2025, from 16:00 to 17:00 via a telephone conference [2][3][4] - Investors can submit their phone numbers and questions via email to participate in the briefing [5][6] - The company will disclose its half-year report and summary on the same day through various media outlets [2][4] Group 1: Meeting Details - The performance briefing is scheduled for August 28, 2025, from 16:00 to 17:00 [2][4] - The meeting will be conducted as a telephone conference [3][4] - Key company personnel, including the chairman and general manager, will participate in the briefing [4] Group 2: Participation Information - A whitelist system will be implemented for investor participation, requiring phone numbers to be submitted by 12:00 on August 28, 2025 [5][6] - Investors can join the conference call using specific phone numbers for mainland China, Hong Kong, and Taiwan [5] - Questions from investors can be sent via email prior to the meeting [6]

Core Viewpoint - China National Heavy Duty Truck Group (CNHTC) is a leading player in the heavy-duty truck manufacturing industry in China, actively expanding its presence in the new energy vehicle sector [1] Company Overview - CNHTC's latest stock price is 18.76 yuan, reflecting a 0.27% increase from the previous trading day, with a trading volume of 240 million yuan and a turnover rate of 1.09% [1] - The company offers a full range of commercial vehicles, including heavy, medium, and light trucks, and has invested in an intelligent connected heavy truck project in Laiwu, establishing the first super intelligent factory in the domestic heavy truck industry [1] New Energy Initiatives - Recently, CNHTC has intensified its efforts in the new energy sector, launching multiple new energy models under its brands Huanghe and Shandeka, covering various technological routes such as pure electric and hybrid [1] - The HOWO TX central drive tractor has a range of 450 kilometers, while the HOWO light truck can be fully charged in just 18 minutes [1] Industry Position - As a key player in Shandong Province's automotive industry chain, CNHTC is driving collaborative development across the upstream and downstream sectors [1] Capital Flow - On August 22, the main funds experienced a net outflow of 24.64 million yuan, with a cumulative net outflow of 49.64 million yuan over the past five days [1]

中国重汽集团济南卡车股份有限公司 临时公告 证券代码：000951 股票简称：中国重汽 编号：2025-42 中国重汽集团济南卡车股份有限公司 一、业绩说明会类型 1 中国重汽集团济南卡车股份有限公司 临时公告 关于举办 2025 年半年度业绩说明会 并征集投资者问题的公告 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。 重要内容提示： ●会议召开时间：2025 年 8 月 28 日（星期四）16:00-17:00 ●会议召开方式：电话会议 ●本次会议实行白名单制度，投资者可于 2025 年 8 月 28 日（星 期四）12:00 前将参会电话号码通过电子邮件形式发送至邮箱： huxiao@sinotruk.com。同时可将所需了解的情况和问题一并发送至上 述邮箱。中国重汽集团济南卡车股份有限公司（以下简称"公司"）将 在信息披露允许的范围内，于 2025 年半年度业绩说明会（以下简称 "业绩说明会"）上对投资者普遍关注的问题进行回答。 公司将于 2025 年 8 月 28 日在《中国证券报》《证券时报》《证 券日报》《上海证券报》和深圳证券交易所网站（htt ...

Core Viewpoint - The sales of new energy heavy trucks, particularly charging heavy trucks, have shown significant growth, with July 2025 sales reaching 16,600 units, marking a 152% year-on-year increase and a 205% increase for charging heavy trucks [4][32]. Sales Performance - In July 2025, the total sales of new energy heavy trucks reached 16,600 units, with a month-on-month decrease of 8% but a year-on-year increase of 152% [4][32]. - Charging heavy trucks accounted for 98.07% of the total sales, with 11,400 units sold, representing a year-on-year growth of 205% [4][32]. - Charging heavy trucks have achieved 19 consecutive months of doubling growth and have outperformed the overall new energy heavy truck market for 23 months [32]. Market Share and Competition - The market share of charging heavy trucks is dominated by five companies, with SANY and XCMG leading at 21.47% and 16.06% respectively [22]. - In the first seven months of 2025, the cumulative sales of charging heavy trucks reached 63,800 units, a 227% year-on-year increase, with 11 out of the top 12 companies achieving growth [20][22]. Segment Analysis - From January to July 2025, the sales of charging tractors and dump trucks accounted for 68.73% and 13.46% of the total sales respectively, with charging tractors showing a significant year-on-year increase of 333% [24][28]. - Charging dump trucks sold 8,591 units in the same period, reflecting a 106% year-on-year growth, although this was lower than the overall growth rate of charging heavy trucks [28][30]. Geographic Distribution - By July 2025, charging heavy trucks were registered in all 31 provincial-level administrative regions in China, with 309 cities having registered charging heavy trucks [12][32]. - Major cities such as Shanghai, Shenzhen, and Chengdu have seen significant registration numbers, with nine cities registering over 1,000 units [12]. Future Outlook - The remarkable growth in the charging heavy truck sector raises questions about the sustainability of this trend moving forward, especially as the market continues to evolve [32].

Core Viewpoint - China National Heavy Duty Truck Group (CNHTC) is positioning itself as a leader in the high-quality development of the automotive industry in Shandong Province, focusing on innovation-driven strategies and industry collaboration to build a robust ecosystem for the new energy vehicle sector [1][9]. Group 1: Intelligent Manufacturing - CNHTC has made a forward-looking investment in a "Smart Connected (New Energy) Heavy Truck Project" in Laiwu District, establishing a state-of-the-art intelligent factory that integrates automation, flexibility, and digitalization, featuring the first AGV flexible assembly line in the domestic heavy truck industry [3][5]. - The factory includes a fully automated cab welding production line and a high-end painting line that meets international standards, ensuring superior product quality [3]. Group 2: Product Matrix - CNHTC boasts a comprehensive product matrix covering all categories of commercial vehicles, including heavy, medium, light, micro, passenger, and special vehicles, supported by a robust supply chain [5]. - The company has launched various new energy products across its brands, including Huanghe, Shandeka, and HOWO, with technologies such as charging, battery swapping, plug-in hybrids, and fuel cells, catering to diverse market needs with battery capacities ranging from 60 to 600 kWh [5]. - The HOWO TX central drive tractor, developed by CNHTC, features optimized power systems for extended range and low energy consumption, with a maximum battery capacity of 600 kWh and a range of up to 450 km on a single charge [5][7]. Group 3: Innovation Ecosystem - As a "chain master" in Shandong's automotive industry, CNHTC promotes collaborative innovation across the entire supply chain by integrating core component resources and fostering partnerships with upstream and downstream enterprises [9]. - The company collaborates with universities, research institutions, and other businesses to create innovation platforms that accelerate technology transfer and talent aggregation, contributing to the establishment of a nationally influential new energy vehicle industry cluster in Shandong [9]. Group 4: Conclusion - CNHTC exemplifies how a leading enterprise can transform industrial advantages into developmental strengths through technological innovation and ecosystem building, marking a significant era in the high-quality development of the manufacturing sector in Shandong's new energy vehicle industry [10].

Core Viewpoint - The article highlights the reliability and efficiency of the Yuchai K14N gas engine, as experienced by a long-time truck driver, emphasizing its advantages in the current transportation industry, particularly in the context of rising fuel prices and the shift towards gas-powered vehicles [1][11]. Group 1: User Experience - The driver, Mr. Tang, has over 20 years of experience in the freight industry and has transitioned from long-distance to short-distance coal transportation, finding the Yuchai K14N gas engine to be his preferred choice due to its reliability and low energy consumption [2][5]. - Mr. Tang's current vehicle is a Dongfeng Tianlong heavy truck equipped with the Yuchai K14N engine, which he believes performs exceptionally well under various operating conditions [4][6]. Group 2: Performance and Efficiency - The Yuchai K14N gas engine boasts a maximum power of 540 horsepower and a maximum torque of 2500 Nm, making it suitable for challenging terrains, including high-altitude areas with significant elevation changes [8][9]. - The engine has demonstrated excellent fuel efficiency, with an average gas consumption of around 30 kg per 100 km, allowing for a range exceeding 1000 km with a 1350-liter gas tank [13][11]. Group 3: Market Trends - The increasing adoption of gas heavy trucks is driven by rising oil prices and the affordability of gas, indicating a strong market demand for efficient and reliable gas engines like the Yuchai K14N [11][15]. - The article suggests that the shift towards gas vehicles is becoming a necessity for truck drivers to maintain profitability in a competitive market [11].

最近三个交易日，18日-21日，中国重汽分别获融资买入0.38亿元、0.41亿元、0.20亿元。 8月21日，沪深两融数据显示，中国重汽获融资买入额0.20亿元，居两市第1790位，当日融资偿还额0.38 亿元，净卖出1774.02万元。 融券方面，当日融券卖出4.42万股，净卖出3.66万股。 ...

Group 1: Industry Overview - Shandong is establishing itself as a significant base for the national new energy vehicle (NEV) industry, with a complete industrial chain covering upstream, midstream, and downstream sectors [2][11] - The NEV industry in Shandong is characterized by a complete industrial chain, significant leadership from key enterprises, continuous optimization of industrial layout, and steady improvement in research and innovation capabilities [2][11] Group 2: Production and Growth - In the first half of 2025, Shandong's NEV production reached 532,000 units, representing a year-on-year growth of 107.1%, ranking fourth nationally [3] - By the end of 2025, Shandong aims to achieve an industrial scale of 500 billion yuan [3] Group 3: Key Players and Innovations - China National Heavy Duty Truck Group (China National Heavy Duty Truck) is transitioning from traditional fuel vehicles to NEVs, with a comprehensive layout across four major technology paths: charging, battery swapping, plug-in, and hybrid [4] - Weiqiao New Energy, a subsidiary of Weiqiao Group, is leveraging its aluminum industry expertise to enter the NEV market, aiming to create new profit growth points and a diversified industrial ecosystem [5][6] - Fengyuan Lithium Energy, a key player in lithium battery cathode materials, is enhancing the performance of its products to meet rising consumer demands for fast charging and long-range capabilities [7][8] Group 4: Infrastructure and Safety - Telecharge, a leading operator in China's electric vehicle charging sector, has developed a smart charging network that supports the safe operation of NEVs [8][10] - The charging network is designed to ensure battery safety and prevent risks associated with battery management and charging processes [9][10] Group 5: Future Development and Strategy - Shandong plans to promote the development of both commercial and passenger vehicles by optimizing the business environment, ensuring talent supply, and implementing special policies to support automotive enterprises [13] - The province aims to strengthen its layout in the "three electric systems" (electric motor, electric control, and battery) and support emerging industries such as intelligent connected vehicles [13]

Core Viewpoint - The event highlighted Shandong's transformation into a significant base for the new energy vehicle (NEV) industry, showcasing the province's advanced manufacturing capabilities and the integration of its automotive supply chain [1][3]. Group 1: Industry Overview - Shandong is recognized as a major automotive province with a complete system and robust supply chain, accelerating its transition to new energy vehicles [3]. - The event featured leaders from four core enterprises in the NEV supply chain, discussing the development trends and future of green transportation in Shandong [3]. Group 2: Key Companies and Innovations - China National Heavy Duty Truck Group (CNHTC) is positioned as the "chain master" in Shandong's automotive industry, integrating core components and driving the development of supporting enterprises [3][4]. - CNHTC has achieved full-scene coverage and self-research capabilities in core systems, overcoming critical technologies in new energy commercial vehicles [3]. - Fengyuan Lithium Energy has developed lithium iron phosphate materials with a density exceeding 2.6 g/cm³, enabling fast charging in 10 minutes and a range of 600 kilometers [4]. - Weiqiao Automotive Technology, transitioning from traditional aluminum manufacturing, aims to create a unique value chain with lightweight, green, and intelligent vehicles, expecting a 15% reduction in body weight and a 10% increase in range [5]. - Telai Electric emphasizes the importance of charging networks for ensuring the safety of NEVs and their batteries, while envisioning future innovations like charging robots and virtual power plants [6]. Group 3: Future Prospects - The integration of upstream battery materials, midstream smart connected vehicles, and downstream intelligent charging networks presents a comprehensive view of Shandong's NEV industry [6]. - The collaboration among leading enterprises and their innovative products is expected to significantly support Shandong's goal of becoming a national hub for new energy vehicles, driving high-quality development and new momentum for the industry [6].

Core Viewpoint - The natural gas heavy truck market in China has experienced a continuous decline, with a significant year-on-year drop in sales, indicating a challenging environment for the industry moving forward [3][34]. Sales Performance - From March to July 2025, the natural gas heavy truck market faced a "5 consecutive declines," with an average year-on-year decline of 27% over these five months [34]. - In July 2025, sales reached 14,000 units, representing a year-on-year decrease of 22%, marking the fifth consecutive month of decline [6][10]. - Cumulative sales from January to July 2025 totaled 105,500 units, down 17% compared to the same period last year, with a net decrease of over 21,100 units [27][34]. Market Share - In July 2025, the market share of natural gas heavy trucks was 21.77%, an increase from 19.45% in June, but still lower than previous months [10]. - The top five companies in the natural gas heavy truck market in July 2025 were: - FAW Jiefang: 3,783 units (-29%) - China National Heavy Duty Truck Group: 2,908 units (-31%) - Dongfeng Motor: 2,688 units (-8%) - Shaanxi Automobile Group: 2,093 units (-3%) - Foton Motor: 2,031 units (-11%) [20][24]. Regional Analysis - Sales distribution across regions remains uneven, with Hebei, Henan, Shandong, and Shanxi being the top four provinces for natural gas heavy truck registrations from January to July 2025 [14]. - Some regions like Xinjiang, Sichuan, Inner Mongolia, Gansu, Chongqing, and Jilin saw an increase in sales, while major provinces like Hebei and Henan experienced significant declines [16]. Price Factors - Natural gas prices remained relatively stable in 2025, averaging around 4,400 RMB/ton in the first two months, with slight increases in March and April [12]. - The price difference between oil and gas has narrowed, making the impact of gas prices on the natural gas heavy truck market negligible [12]. Conclusion - The natural gas heavy truck market is facing significant challenges with declining sales and market share, and the outlook for recovery remains uncertain as the year progresses [34][35].