Core Viewpoint - The company has approved a share buyback plan using its own or raised funds, with a total amount not exceeding RMB 200 million and not less than RMB 100 million, at a maximum price of RMB 15 per share, within a 12-month period [1] Group 1: Share Buyback Plan - The company plans to repurchase shares for employee stock ownership plans or equity incentives [1] - As of July 31, 2025, the company has repurchased 6,521,000 shares, accounting for 1.1% of the total share capital, with a total transaction amount of RMB 69,986,694 [1] - The highest and lowest prices for the repurchased shares were RMB 11 and RMB 10.49 per share, respectively [1] Group 2: Compliance and Regulations - The share buyback is in compliance with relevant laws and regulations, including the rules set by the Shenzhen Stock Exchange [2][3] - The company has not repurchased shares during periods that could significantly impact the trading price of its securities [3] - The buyback transactions adhere to specific requirements, such as not exceeding the daily trading price limit and avoiding certain trading periods [3]

Group 1 - The company announced a share repurchase plan, intending to buy back 6,521,000 shares, which represents 1.1% of its total share capital as of July 31, 2025 [2]

格隆汇8月1日丨中通客车(000957.SZ)公布，截至2025年7月31日，公司通过股份回购专用证券账户以集 中竞价交易方式回购公司股份6,521,000股，占公司目前总股本的比例为1.1%，回购成交最高价为11元/ 股，最低价为10.49元/股，成交总金额为人民币69,986,694.00元（不含交易费用）。本次回购符合相关 法律法规要求，符合既定的回购方案。 ...

证券代码：000957 证券简称：中通客车 公告编号：2025- 042 中通客车股份有限公司 二、其他事项说明 公司回购股份的时间、回购股份的数量、回购股份价格及集中竞 价交易的委托时段均符合 上市公司股份回购规则》 深圳证券交易 所上市公司自律监管指引第 9 号—回购股份》等法律法规的相关规 定。 （一）公司未在下列期间回购公司股份： 关于回购公司股份的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 中通客车股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召开了第十一届董事会第十一次会议，审议通过了 关于回购部分 A 股股份方案的议案》，同意公司使用自有资金或自筹资金以集中竞 价交易方式回购部分公司股份，用于股权激励或者员工持股计划。本 次回购股份的资金总额不超过人民币 2 亿元（含）且不低于 1 亿元 （含）；回购价格不超过人民币 15 元/股；实施期限为自公司董事会 审议通过回购方案之日起 12 个月内。具体内容详见公司于 2025 年 6 月 7 日在 中国证券报》 证券时报》 证券日报》 上海证券报》及 巨潮资讯网披露的 ...

从资金流向上来看，当日商用车板块主力资金净流入3.16亿元，游资资金净流出2824.19万元，散户资金 净流出2.88亿元。商用车板块个股资金流向见下表： | 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 | | 3.12 乙 ﮯ | 8.96% | -6625.70万 | -1.90% | -2.45 Z- | -7.06% | | 600166 | 福田汽车 | 958.05万 | 4.83% | 86.85万 | 0.44% | -1044.90万 | -5.27% | | 600006 | 东风股份 | 583.35万 | 3.22% | -487.16万 | -2.69% | -96.19万 | -0.53% | | 600375 汉马科技 | | 442.76万 | 1.93% | -412.21万 | -1.80% | -30.55万 | -0.13% | | 000800 | ...

Company Overview - Zhongtong Bus's stock price closed at 11.14 yuan on July 29, 2025, down by 0.01 yuan, a decrease of 0.09% from the previous trading day [1] - The stock opened at 11.15 yuan, reached a high of 11.17 yuan, and a low of 10.97 yuan, with a trading volume of 151,700 lots and a transaction value of 168 million yuan [1] Business Operations - Zhongtong Bus specializes in the research, development, manufacturing, and sales of buses and components, including both new energy buses and traditional fuel buses [1] - The company's products are primarily used in public transport, tourism, and group travel sectors [1] - Zhongtong Bus is part of the automotive manufacturing industry and is also involved in new energy vehicles and vehicle networking concepts [1] Financial Performance - The company expects a year-on-year increase in net profit attributable to shareholders for the first half of the year [1] - Zhongtong Bus's valuation is currently below the 30th percentile for the year [1] Market Context - The scale of share buybacks among A-share listed companies has been increasing, with a cumulative buyback amount nearing 90 billion yuan this year [1]

近年来，监管层接连出台多项政策措施，积极引导上市公司进行回购并注销，上市公司对股票回购的重视程度明显提升。 7月29日，A股市场量价齐升，沪指涨0.33%，深证成指涨0.64%，创业板指涨1.86%。 从板块上来看，光模块、医药方向领涨，CRO概念指数大涨6.37%，光模块概念指数涨5.36%，其他还有半导体、中药、水电等概念涨幅居前。传统板块 相对较弱，养殖、保险、银行等板块下跌。 年内合计回购金额近900亿元 近期在市场表现较好的情况下，上市公司继续积极参与回购，为市场提供新的增量资金来源。 30家公司回购金额上限均在10亿元及以上 从分行业来看，7月家用电器、基础化工、电子、医药生物四大行业上市公司回购最积极，合计回购金额均在10亿元以上。本月家用电器行业指数表现较 弱，上市公司以回购彰显长期发展信心。 回购增持贷款助力上市公司回购 去年10月，中国人民银行联合金融监管总局、中国证监会发布《关于设立股票回购增持再贷款有关事宜的通知》，该政策显著降低企业融资成本，鼓励上 市公司运用回购、增持等方式进行市值管理，增强资本市场内在稳定性。 统计显示，今年以来上市公司取得回购增持专项贷款金额上限达到919.17 ...

Investment Rating - The report maintains a "Recommended" investment rating for the automotive industry [7] Core Insights - The automotive industry is experiencing a gradual recovery in growth, with passenger vehicles continuing to show stable and rapid growth [2] - The report highlights the synergy between technological advancements and anti-involution reforms, driving the industry's development momentum [5] Summary by Sections Weekly Market Review (2025.07.19-07.25) - The automotive sector rose by 1.03% this week, with all related sub-sectors also increasing. The Shanghai and Shenzhen 300 index rose by 1.69% [13] - The commercial vehicle sector saw the highest increase at 4.22%, while individual stocks like Great Wall Motors and BYD also performed well [13][16] Data Tracking (2025.07.19-07.25) - From July 1-20, the national retail sales of passenger vehicles reached 978,000 units, a year-on-year increase of 11%, while wholesale sales were 960,000 units, up 22% year-on-year [21] - In the new energy vehicle segment, retail sales reached 537,000 units, a 23% increase year-on-year, with a penetration rate of 54.9% [21] Industry News (2025.07.19-07.25) - The Ministry of Industry and Information Technology proposed a new policy to ban the transfer of new cars to second-hand status within six months of registration to combat zero-kilometer second-hand cars [34][35] - Guangdong and Anhui provinces are implementing measures to promote fair competition in the automotive industry, including commitments from manufacturers to optimize payment processes for suppliers [42] Investment Recommendations - The report suggests focusing on technology-driven sectors such as artificial intelligence and autonomous driving, as well as opportunities in the anti-involution segment, particularly in dealership-related areas [5]

Core Insights - The domestic bus market in China showed significant growth in the first half of 2025, with passenger vehicle sales reaching 265,000 units, a year-on-year increase of 8.7%, more than double the growth rate of 3.9% in the same period of 2024 [2] - The growth in bus sales was particularly pronounced in June, with sales of 53,000 units, reflecting a month-on-month and year-on-year increase of 22.6% [2] - Key drivers of this growth include the rising penetration of new energy vehicles (NEVs), a resurgence in large public transport orders, and an increase in export activities [2] New Energy Vehicle Market - In the first half of 2025, sales of large and medium-sized buses (over 6 meters) reached 55,857 units, a year-on-year increase of 6.58%, with NEV sales accounting for 20,788 units, up 33.14% [3] - The growth in NEV sales is largely attributed to the government's "old-for-new" policy for electric buses, which increased subsidies for replacing old buses [3] - Local policies, such as higher subsidies in Jiangsu and Qinghai for replacing old buses with new energy buses, further support this growth [3] Export Market Performance - The export of large and medium-sized buses reached 25,396 units in the first half of 2025, a year-on-year increase of 16.51%, accounting for 50.02% of total bus sales [5] - Since 2016, domestic bus manufacturers have increasingly focused on overseas markets, with significant growth in exports observed in 2023 and 2024 [5] - Major companies like Yutong, King Long, and Zhongtong have prioritized export growth, with Yutong securing multiple large orders in Central Asia [5] Financial Performance of Key Companies - King Long Automobile expects a net profit of 116 million yuan, a year-on-year increase of 74.71%, while Zhongtong Bus anticipates a net profit between 165 million and 210 million yuan, reflecting a growth of 48.72% to 89.28% [6] - Both companies attribute their profit growth primarily to the increase in export business [6][7] - The overall performance of the bus industry in the first half of 2025 is considered strong, driven by high export growth and the need to expand into overseas markets due to domestic overcapacity [7]

苏州园区港首票外贸集装箱"CCA进口业务"正式落地 金十数据7月25日讯，苏州园区港首票外贸集装箱"CCA进口业务"近日正式落地。首艘集装箱驳船受金 龙联合汽车工业（苏州）有限公司委托，从德国汉堡港起运，经上海洋山港中转，最终在苏州园区港完 成通关放行后送至苏州金龙工厂。苏州园区港依托"苏州园区港海关监管作业场所"创新推行"一单制"通 关模式，实现"一次委托、一次结算、一次放行"，通关效率提升50%以上。 ...