中通客车股份有限公司 董事会议事规则 （本议事规则经 2025 年 9 月 12 日召开的公司 2025 年第二次临时股东大会审议通过） 第一章 总则 第一条 为了进一步规范中通客车股份有限公司（以下简称：公司）董事会的议 事方式和决策程序，促使董事和董事会有效地履行其职责，提高董事会规范运作和科 学决策水平，根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和 国证券法》（以下简称《证券法》）、《上市公司治理准则》和《深圳证券交易所股票上 市规则》等有关规定及公司章程，结合公司实际情况，制订本规则。 第二章 董事会的组成机构 第二条 公司设董事会，董事会由 9 名董事组成，其中独立董事占董事会成员的比 例不得低于三分之一。公司设董事长一人，可设副董事长，设职工代表董事一人。董 事长和副董事长由董事会以全体董事的过半数选举产生。 第三条 非职工代表董事由股东会选举或更换，并可在任期届满前由股东会以普 通决议方式解除其职务。董事任期三年，任期届满可以连选连任，但独立董事连任时 间不得超过 6 年。由职工代表担任的董事由公司职工通过职工代表大会、职工大会或 者其他形式民主选举产生，无需提交股东会审议 ...

中通客车股份有限公司 股东会议事规则 （本议事规则经 2025 年 9 月 12 日召开的公司 2025 年第二次临时股东大会审议通过） 第一章 总则 （二）公司未弥补的亏损达股本总额三分之一时； （三）单独或者合计持有公司百分之十以上股份的股东请求时； （四）董事会认为必要时； （五）审计委员会提议召开时； 第一条 为规范中通客车股份有限公司（以下简称"公司"）行为，保证股东会 依法行使职权，根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人 民共和国证券法》（以下简称《证券法》）、《上市公司股东会规则》等有关法律、 法规、规范性文件和《中通客车股份有限公司章程》（以下简称"公司章程"）的规 定，制定本规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用本规则。 第三条 公司应当严格按照法律、行政法规、本规则及公司章程的相关规定召开 股东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。公司全体董事应当勤勉 尽责，确保股东会正常召开和依法行使职权。 第四条 股东会应当在《公司法》和公司章程规定的范围内行使职权。 第五条 股东会分为年度股东会和临时股东会。年度 ...

Group 1 - The commercial vehicle sector experienced a decline of 1.02% on September 12, with King Long Automobile leading the drop [1][3] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] - Major stocks in the commercial vehicle sector showed mixed performance, with Yutong Bus increasing by 1.39% and King Long Automobile decreasing by 1.49% [1][3] Group 2 - The net outflow of main funds in the commercial vehicle sector was 540 million yuan, while retail investors saw a net inflow of 315 million yuan [3][4] - The detailed fund flow indicated that King Long Automobile had a significant net outflow of 39.38 million yuan from main funds [4] - Other companies like Ankai Bus and Foton Motor also experienced varying levels of net inflow and outflow from different investor categories [4]

Core Viewpoint - Zhongtong Bus has achieved significant growth in both performance and sales through continuous expansion into overseas markets, with notable increases in revenue and profit margins [3][4][10]. Sales Performance - In August 2025, Zhongtong Bus sold 1,052 vehicles, a year-on-year increase of 10.5%, while total sales for the first eight months reached 7,904 vehicles, up 2.21% [3][6]. - Large vehicle sales in August reached 666 units, a 61.26% increase year-on-year, while medium and light vehicle sales saw declines [4][6]. - The company reported a total of 4,976 large vehicles sold in the first eight months, reflecting a 7.1% increase [4][6]. Financial Performance - For the first half of 2025, Zhongtong Bus achieved revenue of 3.941 billion yuan, a 43.02% increase year-on-year, and a net profit of 190 million yuan, up 71.61% [4][10]. - Domestic revenue was 1.184 billion yuan, a 29.16% increase, while international revenue reached 2.757 billion yuan, growing by 49.94% [10][11]. - The proportion of international revenue in total revenue rose to 69.96%, an increase of 3.23 percentage points from the previous year [5][11]. Market Strategy - The company is focusing on optimizing its market structure and has made significant strides in exporting new energy buses, which are becoming a key driver of growth [7][9]. - A recent shipment of 250 buses to Burkina Faso marks a significant milestone in Zhongtong's overseas expansion efforts [7][8]. Research and Development - Zhongtong Bus increased its R&D expenditure to 125 million yuan, a 44.68% rise year-on-year, focusing on new product development and advanced technology research [14]. - The company holds 502 valid patents, including 152 invention patents, and has received 22 new patent authorizations in the first half of 2025 [14]. Share Buyback - The company announced a share buyback plan with a total amount not less than 600 million yuan and not exceeding 1.2 billion yuan, with approximately 70 million yuan already spent by the end of August [14][15]. - Since the initiation of the buyback, the company's stock price has increased by approximately 9.3% [16].

Market Overview - The commercial vehicle sector increased by 0.37% on September 10, with Hanma Technology leading the gains [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Stock Performance - Hanma Technology (600375) closed at 7.14, up 3.78% with a trading volume of 873,800 shares and a transaction value of 630 million [1] - Jianghuai Automobile (600418) closed at 55.40, up 2.04% with a trading volume of 830,500 shares [1] - Other notable performances include: - Shuguang Co. (600303) at 3.81, up 0.26% - Dongfeng Motor (600006) at 7.46, unchanged - Yutong Bus (600066) at 29.25, down 0.20% [1] Fund Flow Analysis - The commercial vehicle sector experienced a net outflow of 82.58 million from institutional investors, while retail investors saw a net inflow of 151 million [2] - The detailed fund flow for key stocks includes: - Hanma Technology: Net inflow of 25.41 million from institutional investors [3] - Yutong Bus: Net inflow of 8.88 million from institutional investors [3] - Foton Motor (600166): Net outflow of 1.73 million from institutional investors [3] Individual Stock Insights - China National Heavy Duty Truck (000951) saw a decline of 2.17% to 17.59 with a trading volume of 106,900 shares [2] - Jiangling Motors (000550) decreased by 1.54% to 21.03 with a trading volume of 43,700 shares [2] - Foton Motor (600166) had a significant trading volume of 1.29 million shares despite a slight decline [2]

Core Viewpoint - Zhongtong Bus's sales data for August 2025 shows a robust growth trajectory, particularly in large buses, indicating a strong market position and potential for future expansion [1][4]. Group 1: Sales Performance - In August 2025, Zhongtong Bus sold a total of 1,052 vehicles, representing a year-on-year increase of 10.50% [1]. - The breakdown of sales includes 666 large buses (up 61.26% year-on-year), 311 medium buses, and 75 light and logistics vehicles [1][2]. - Cumulatively, for the first eight months of 2025, Zhongtong Bus sold 7,904 vehicles, reflecting a 2.21% increase compared to the same period last year [2]. Group 2: Production Data - In August 2025, the production volume reached 1,035 units, a significant increase of 66.67% compared to the same month last year [2]. - The production of large buses was 268 units, down 63.22% year-on-year, while medium buses saw a production increase of 67.91% to 361 units [2]. - Cumulatively, the production for the first eight months was 8,172 units, a slight increase of 0.81% from the previous year [2]. Group 3: Market Outlook - The strong performance in large bus sales suggests that Zhongtong Bus is well-positioned to capitalize on increasing market demand and ongoing technological innovations [4]. - The company is expected to continue enhancing its market share and contribute positively to the industry's growth [4].

Core Insights - Zhongtong Bus Co., Ltd. reported strong production and sales figures for August 2025, with production reaching 1,035 units, a year-on-year increase of 66.67%, and sales of 1,052 units, up 10.5% [2][3] Production Summary - The production volume for August was 1,035 units, compared to 621 units in the same month last year, reflecting a 66.67% increase [3] - Among the production breakdown, large buses accounted for 568 units, a 63.22% increase year-on-year; medium buses produced 361 units, up 67.91%; while light and logistics vehicles produced 106 units, an 82.76% increase [3][4] - Year-to-date production totals reached 8,172 units, slightly up by 0.81% from 8,106 units last year [3] Sales Summary - The sales volume for August was 1,052 units, compared to 952 units last year, marking a 10.5% increase [3] - Large buses saw significant sales growth, with 666 units sold, a 61.26% increase year-on-year; medium buses sold 311 units, down 22.25%; and light and logistics vehicles sold 75 units, a decline of 46.04% [3][4] - Cumulatively, sales for the year reached 7,904 units, a 2.21% increase from 7,733 units last year [3] Segment Performance - Large buses emerged as a key growth driver, with year-to-date production of 5,090 units, up 5.93%, and sales of 4,976 units, a 7.1% increase [3] - Medium buses showed a mixed performance with August production at 361 units, up 67.91%, but sales decreased to 311 units, reflecting a 22.25% drop; however, cumulative sales for the year still grew by 3.27% [4] - Light and logistics vehicles faced challenges, with August sales down 46.04% to 75 units and year-to-date sales down 33.81% to 464 units, despite an 82.76% increase in production for August [4]

Core Viewpoint - Zhongtong Bus (000957) reported significant growth in production and sales for August 2025, indicating a strong performance in the bus manufacturing sector [1] Production Summary - The production volume reached 1,035 units, representing a year-on-year increase of 66.67% [1] - Breakdown of production includes: - Large buses: 568 units, up 63.22% year-on-year [1] - Medium buses: 361 units, up 67.91% year-on-year [1] - Light and logistics vehicles: 106 units, up 82.76% year-on-year [1] Sales Summary - The sales volume totaled 1,052 units, reflecting a year-on-year increase of 10.50% [1] - Breakdown of sales includes: - Large buses: 666 units, up 61.26% year-on-year [1] - Medium buses: 311 units, down 22.25% year-on-year [1] - Light and logistics vehicles: 75 units, down 46.04% year-on-year [1]

Core Insights - The company reported a significant increase in production and sales for August, particularly in the large vehicle segment, while facing declines in light and logistics vehicle sales [1][2]. Production Data - In August, the company produced 1,035 vehicles, representing a year-on-year increase of 66.67% [1]. - The production of large vehicles reached 568 units, up 63.22% year-on-year, contributing significantly to overall production growth [1]. - Medium vehicle production was 361 units, showing a year-on-year increase of 67.91% [1]. - Light and logistics vehicle production totaled 106 units, marking an 82.76% increase year-on-year [1]. - Cumulatively, from January to August, the company produced 8,172 vehicles, a slight increase of 0.81% compared to 8,106 vehicles in the same period last year [2]. Sales Data - In August, the company sold 1,052 vehicles, reflecting a year-on-year growth of 10.5% [2]. - Large vehicle sales were 666 units, a substantial increase of 61.26% year-on-year [2]. - Medium vehicle sales decreased to 311 units, down 22.25% year-on-year [2]. - Light and logistics vehicle sales fell to 75 units, a decline of 46.04% year-on-year [2]. - Cumulatively, from January to August, the company sold 7,904 vehicles, which is a 2.21% increase from 7,733 vehicles in the same period last year [2].

Group 1 - The core viewpoint of the article is that Zhongtong Bus (000957.SZ) reported a sales volume of 1,052 units for August 2025, representing a year-on-year increase of 10.50% [1] - The cumulative sales volume for the current year reached 7,904 units, showing a year-on-year growth of 2.21% [1]