Group 1 - The company expects a significant increase in net profit for the period from January 1, 2025, to June 30, 2025, with estimates ranging from 165 million to 210 million yuan, representing a year-on-year increase of 48.72% to 89.28% [1] - The net profit after deducting non-recurring gains and losses is projected to be between 155 million and 200 million yuan, indicating a year-on-year increase of 54.86% to 99.82% [1] - Basic earnings per share are expected to be between 0.28 yuan and 0.35 yuan, compared to 0.19 yuan in the same period last year [1] Group 2 - The company has communicated with its auditing firm regarding the performance forecast, and there are no discrepancies between the company and the auditors concerning the forecast [1] - The strong performance is attributed to the growth in export business, which has significantly boosted sales and revenue, alongside an optimized sales structure that has allowed the company to gain market share despite challenges in the domestic bus market [1]

Group 1 - The core viewpoint of the article is that Zhongtong Bus (000957) expects a significant increase in net profit for the first half of 2025, projecting between 165 million to 210 million yuan, which represents a year-on-year increase of 48.72% to 89.28% compared to 111 million yuan in the same period last year [1]

[2025 Half-Year Performance Forecast Overview](index=1&type=section&id=2025%20%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A) [I. Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) Zhongtong Bus anticipates significant year-on-year growth in H1 2025, with net profit attributable to shareholders and net profit excluding non-recurring items both increasing substantially, alongside a rise in basic EPS - The company expects its H1 2025 performance to achieve year-on-year growth[3](index=3&type=chunk) Key Financial Indicators for H1 2025 Performance Forecast | Item | Estimated for Current Period (million RMB) | Year-on-Year Growth Rate | Prior Period (million RMB) | | :-------------------------------- | :--------------------------------- | :----------------------- | :------------------------- | | Net Profit Attributable to Shareholders | Profit: 165 to 210 | 48.72% to 89.28% | Profit: 110.946 | | Net Profit Excluding Non-Recurring Items | Profit: 155 to 200 | 54.86% to 99.82% | Profit: 100.0912 | | Basic Earnings Per Share (RMB/share) | Profit: 0.28 to 0.35 | - | Profit: 0.19 | [II. Communication with Accounting Firm](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) The performance forecast data is unaudited, but the company has pre-communicated with its annual audit firm, confirming no disagreements on the forecast - The performance forecast data has not been pre-audited by a certified public accountant[4](index=4&type=chunk) - The company has pre-communicated with its annual audit accounting firm, and there are no disagreements regarding the performance forecast[4](index=4&type=chunk) [III. Explanation of Performance Changes](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) Strong performance growth is attributed to robust export business driving sales and revenue, alongside strategic optimization of sales structure and competitive advantages in the domestic bus market - Export business continued its strong momentum, driving significant increases in sales volume and revenue[5](index=5&type=chunk) - Optimized sales structure and leveraged competitive advantages to achieve breakthroughs in the domestic bus market against prevailing trends[5](index=5&type=chunk) - The company's market share in the tourism and group bus segment increased despite overall market pressure[6](index=6&type=chunk) - Public transportation bus market share achieved steady expansion[6](index=6&type=chunk) [IV. Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) Investors are cautioned that this performance forecast is a preliminary, unaudited estimate, with final figures to be disclosed in the 2025 Half-Year Report - This performance forecast is a preliminary estimate by the company's finance department and has not been audited by an auditing firm[7](index=7&type=chunk) - Specific data will be fully disclosed in the company's "2025 Half-Year Report"[7](index=7&type=chunk) - Investors are kindly advised to be aware of investment risks[7](index=7&type=chunk)

Core Viewpoint - The procurement results for electric buses in Luliang County, Yunnan, indicate significant contracts awarded to Yutong Bus and Zhongtong Bus for the 2025 series, highlighting the growing investment in electric public transportation [1][11]. Group 1: 7-Meter Electric Bus Procurement - Yutong Bus won the bid for the 7-meter series electric bus project with a contract price of 2.324 million yuan [3][4]. - The contract stipulates a delivery timeline of 40 calendar days from the effective date of the contract, including supply, debugging, and acceptance [4]. - The total budget for the project was set at 2.325 million yuan, with a financing plan involving a 3-year loan at an annual interest rate of 3.5% and a 20% down payment [3][4]. Group 2: 8-Meter Electric Bus Procurement - Zhongtong Bus secured the contract for the 8-meter series electric bus project at a price of 5.08 million yuan [11][12]. - The contract requires completion of supply, debugging, and acceptance within 45 calendar days from the contract's effective date [12]. - The budget for this project was 5.86 million yuan, with a similar financing structure as the 7-meter project, including a 3-year loan at 3.5% interest and a 10% down payment [11][12]. Group 3: Evaluation and Oversight - The evaluation for both projects was conducted using a comprehensive scoring method, with Yutong receiving a score of 89.72 and Zhongtong achieving 95.43 [5][13]. - The procurement process was overseen by the Luliang County Urban Investment Holding Group's disciplinary inspection team, ensuring compliance and transparency [6][14].

Core Viewpoint - In the context of increasing competition in the bus market, major automotive companies are focusing on more segmented market areas, as evidenced by the recent announcement of new products by the Ministry of Industry and Information Technology, where Zhongtong Bus has introduced 14 new models, including 12 electric buses and 2 diesel buses [1][3]. Group 1: New Product Highlights - Zhongtong Bus has launched 14 new models in the 395 and 396 batches, which include a variety of electric buses designed for different scenarios, such as public transport, tourism, and medical services [1][3]. - The new electric low-floor city buses include models LCK6706EVGDA16, LCK6856EVGDA17, LCK6827EVGDA21, and LCK6906EVGDA25, which are designed to meet the needs of an aging population with features that enhance safety and comfort [3][5]. - The model LCK6827EVGDA21 has dimensions of 8190mm×2430mm×3100/3200mm, a peak power of 185 kW (approximately 252 horsepower), and a range of 505 kilometers, showcasing its competitive specifications [3][5]. Group 2: Market Adaptation - Zhongtong Bus has established a comprehensive product matrix for electric highway buses, with 7 models listed, indicating a deep understanding of market demands and a commitment to providing diverse solutions for public transport [7][8]. - The model LCK6829EVA20 features dimensions of 8240mm×2320mm/2440mm×3260/3130mm and can reach speeds of up to 100 km/h, making it suitable for both tourism and suburban commuting [8][10]. - Another model, LCK6909EV1A25, has dimensions of 8990mm×2540mm×3430/3300/3480mm, a peak power of 350 kW (approximately 476 horsepower), and a range of 620 kilometers, further enhancing the product lineup [11][13]. Group 3: Specialized Vehicle Development - Zhongtong Bus has also focused on the specialized vehicle market, as evidenced by the introduction of a medical vehicle model LCK5169XYL6, which emphasizes the company's commitment to diverse applications [14][15]. - The medical vehicle has dimensions of 10990mm×2550mm×3500/3620/3720/3780mm and can be equipped with various medical facilities, making it a valuable asset for healthcare services [15][17]. - The vehicle's design includes a strong chassis and advanced features, ensuring it meets the specific needs of medical professionals and enhances patient care [17]. Conclusion - The new product announcements from Zhongtong Bus reflect a rich variety of models and a strategic approach to building a comprehensive electric bus product matrix, indicating potential market success for these new offerings [19].

Industry Developments - The National Development and Reform Commission and three other departments announced a plan to promote the construction of high-power charging facilities, aiming for over 100,000 units by the end of 2027, with a focus on open access for self-built networks by electric vehicle companies [2] - China has officially released the international standard ISO 34505:2025 for autonomous vehicle testing scenarios, which includes evaluation processes and testing methods for autonomous driving systems [4] - A new mandatory national standard for passenger car braking systems will take effect on January 1, 2026, introducing requirements for electric transmission braking systems and single-pedal braking [5] Company News - Honda has suspended the development of a large electric SUV due to anticipated declines in electric vehicle demand in the U.S. market [6] - Audi has decided to pause its price increase plans in the U.S. market after experiencing a 19% year-on-year decline in sales for the second quarter, marking the sixth consecutive quarter of sales decline [7] - LG Energy Solution expects a 152% year-on-year increase in operating profit for the second quarter, despite a 9.7% decrease in revenue [8][9] - Nissan is considering issuing bonds worth approximately $4 billion, with plans for five, seven, and ten-year dollar bonds [10] - Chery Automobile has restructured its organization, establishing a domestic business group led by Li Xueyong [11] - NIO and JAC's joint venture company has been dissolved, with a registration capital of 510 million RMB [12] - Zhongtong Bus reported a 2.66% year-on-year decrease in sales for June, with 1,026 units sold [13] - Byton's associated company has been listed for operational abnormalities due to failure to disclose annual reports on time [14] - Huatai Automobile Group has been executed for over 500 million RMB, with multiple legal issues reported [15] - Sichuan Yema Automobile has undergone significant executive changes, with a new legal representative appointed [16]

证券代码：000957 证券简称：中通客车 公告编号：2025-040 中通客车股份有限公司 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。 特别提示： 调整前回购股份价格上限：15 元/股 调整后回购股份价格上限：14.95 元/股 回购股份价格上限调整生效日期：2025 年 7 月 11 日 一、回购股份的基本情况 中通客车股份有限公司 以下简称 公司" 公司于 2025 年 5 月 30 日召开 2024 年年度股东大会，审议通过 了《公司 2024 年度利润分配方案》：以总股本 592,903,936 为基数， 向全体股东每 10 股派发现金股利 0.50 元 含税），不送红股，不以 资本公积金转增股本。 鉴于公司回购专用证券账户上的股份不参与 2024 年年度权益分 派，本公司权益分派的实施方案为：以公司现有总股本 592,903,936 股剔除已回购股份 6,521,000 股后的 586,382,936 股为基数，向全体 股东每 10 股派 0.50 元人民币现金 含税），实际派现 29,319,146.80 元 含税）。 本次权益分派实施后，按 ...

证券代码：000957 证券简称：中通客车 公告编号：2025-040 中通客车股份有限公司 关于权益分派实施后调整回购股份价格上限的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 调整前回购股份价格上限：15 元/股 调整后回购股份价格上限：14.95 元/股 回购股份价格上限调整生效日期：2025 年 7 月 11 日 一、回购股份的基本情况 中通客车股份有限公司 以下简称 公司"）分别于 2025 年 4 月 24 日、2025 年 5 月 30 日召开了第十一届董事会第十一次会议、2024 年年度股东大会审议通过了《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 ...

股票简称：中通客车 股票代码：000957 公告编号:2025-039 中通客车股份有限公司董事会 中通客车股份有限公司截至 2025 年 6 月份产销数据快报如下： 单位：辆 | 项 | 目 | 本月数 | 去年同期 | 单月同比 | 本年累计 | 去年同 | 累计同比 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 变动 | | 期累计 | 变动 | | 生产量 | | 1176 | 1209 | -2.73% | 6128 | 6576 | -6.81% | | 其中：大型车 | | 729 | 476 | 53.15% | 3883 | 4173 | -6.95% | | 中型车 | | 334 | 624 | -46.47% | 1925 | 1818 | 5.89% | | 轻型及物流车 | | 113 | 109 | 3.67% | 320 | 585 | -45.30% | | 销售量 | | 1026 | 1054 | -2.66% | 5839 | 5703 | 2.38% | | 其中：大型车 | | 594 | ...

Group 1 - The core point of the article indicates that Zhongtong Bus (000957) reported a total sales volume of 1,026 units in June 2025, representing a year-on-year decrease of 2.66% [1] - The sales volume of large buses reached 594 units, showing a significant year-on-year increase of 65.92% [1] - The sales volume of medium buses was 306 units, reflecting a substantial year-on-year decrease of 51.96% [1] - The sales volume of light and logistics vehicles amounted to 126 units, which is a remarkable year-on-year increase of 113.56% [1]