当前，旅游客运市场正持续加快绿色化、智能化转型的步伐。中通客车依托 H 系家族深耕 市场积累的成熟经验，于近日重磅推出H系的又一款纯电升级产品——H11E，该车型专为 中长途旅游、城际通勤以及高端班车场景量身打造。 这款集高效节能、极致舒适、全域安全与智慧运营于一体的标杆车型，不仅延续了H 系"舒 适+节能"的核心基因，更以场景化创新打破行业边界，为运营者带来降本增效新选择，为 游客解锁品质出行新体验。 超远续航 + 极速补能 破解纯电运营焦虑 作为中长途出行的 "续航担当"，H11E 搭载头部品牌电池，提供 145-452 千瓦时多梯度 电量选择，覆盖续航250-350 公里的进取版、400-500 公里的领先版及600 公里的畅行 版，完美适配不同运营场景需求。其中 5 种电量兼顾公交板块，实现 "一车多用" 的全域 适配能力。 补能效率上，H11E 配备行业领先的双枪双充系统，以 382 度电配置为例，双桩充电可将 时长从 90 分钟压缩至 50 分钟以内，大幅提升车辆周转率。同时搭载 SmartHeat 6.0 智 能温控系统，精准控制电机与电池温度，减少能耗损失，整车平均电耗降低 8.6%，配合低 ...

数据来源：聚源 -19% -10% 0% 10% 19% 29% 38% 2024-12 2025-04 2025-08 汽车 沪深300 汽车研究团队 邓健全（首席分析师） 证书编号：S0790525090003 赵悦媛（联席首席分析师） 证书编号：S0790525100003 赵旭杨（分析师） 证书编号：S0790523090002 傅昌鑫（分析师） 证书编号：S0790525090005 汽车 2025 年 12 月 14 日 投资评级：看好（维持） 行业走势图 相关研究报告 《鸿蒙智行尊界 S800 轿车 11 月交付 破 2000 台，宇树科技完成 IPO 辅导— 行业周报》-2025.12.7 《特斯拉 FSD V14.2.1 上线，长安汽车 拟 2.25 亿元参与设立机器人公司—行 业周报》-2025.11.30 《小鹏汽车第 100 万台整车下线，广 州车展车企竞逐具身智能新赛道—行 业周报》-2025.11.23 "两新"政策有望优化实施，客车行业出口加速 ——行业周报 | 邓健全（分析师） | 赵悦媛（分析师） | 傅昌鑫（分析师） | | --- | --- | --- | | deng ...

答:欧洲市场目前的需求以新能源客车为主。这主要驱动于两点：一是欧盟严格的碳排放法规和碳足迹 认证要求；二是其早期完成城市化建设，公交系统车辆老化，产生了巨大的更新换代需求。这两者结 合，推动了新能源客车的采购。 格隆汇12月12日丨中通客车(000957.SZ)在投资者关系中表示，有被问到:欧洲市场对客车的需求有什么 特点？ ...

答:欧洲市场目前的需求以新能源客车为主。这主要驱动于两点：一是欧盟严格的碳排放法规和碳足迹 认证要求；二是其早期完成城市化建设，公交系统车辆老化，产生了巨大的更新换代需求。这两者结 合，推动了新能源客车的采购。 格隆汇12月12日丨中通客车(000957.SZ)在投资者关系中表示，有被问到:欧洲市场对客车的需求有什么 特点？ ...

1 | | 求；二是其早期完成城市化建设，公交系统车辆老化， | | | | | | --- | --- | --- | --- | --- | --- | | | 产生了巨大的更新换代需求。这两者结合，推动了新 | | | | | | | 能源客车的采购。 | | | | | | | 四、公司未来分红等方面有什么规划？ | | | | | | | 公司将积极响应政策号召，在综合考量市场环境、生 | | | | | | | 产经营现金流以及未来发展资金需要等因素的基础 | | | | | | | 上，平衡公司发展和股东最佳利益，做好一年多期分 | | | | | | | 红等安排，提振投资者信心。公司也将更好的聚焦海 | | | | | | | 外市场拓展、产品高端化及管理优化，不断提高企业 | | | | | | | 及产品竞争力，提升盈利水平，为投资者创造更大的 | | | | | | | 价值。 | | | | | | 附件清单 | 无 | | | | | | 日期 | | 2025 | 年 12 | 月 | 12 日 | 编号：2025-011 | | √特定对象调研 □分析师会议 | | --- | ...

在旅游市场蓬勃发展的当下，人们的出行需求正经历着深刻变革，从单纯的"位移"升维为对出 行体验的追求。客运行业也随之面临价值重构，价格竞争逐渐让位于创新与服务驱动的价值创 造。 在这一关键的行业变革节点，12月5日，旅游客运高品质发展（济南）论坛暨中通客车旅团产 品2026焕新升级发布会，在山东济南莱芜区举行。此次活动，中通客车相关领导、行业专 家、合作伙伴以及媒体齐聚一堂，共同探索行业发展新路径，见证中通客车在产品与服务上的 创新突破。 洞察行业趋势 中通客车永立潮头 当前，旅游客运行业正处于转型升级的关键时期，行业发展呈现出多样化、个性化和品质化的 趋势。旅游出行不再局限于传统观光游览，演唱会旅游、赛事旅游等新兴模式不断涌现，定制 化、亲子化、研学旅游亦日益受到青睐。 据文化和旅游部调查显示，2025年前三季度，国内居民出游人次49.98亿、同比增长 18.0%。"中国游"、"中国购" 等入境游强劲复苏，这一蓬勃发展的旅游市场态势，也为旅游 客运产业发展注入强劲动能 。但同时，行业也面临着网络体系不完善、景区 "最后一公里" 其中，2026款H系旅团产品在舒适性和节能性方面实现了重大突破。内饰设计进行了全面 ...

Mergers and Acquisitions - China Metallurgical Group Corporation plans to sell assets worth 60.676 billion yuan to Minmetals Land and China Minmetals [1] - Shengda Resources intends to acquire 60% stake in Jinshi Mining for 500 million yuan [1] - Honghua Digital Science plans to acquire 49% stake in Shandong Yingkejie for 105 million yuan [1] - Weidi Co., Ltd. is set to acquire controlling stake in Jiangsu Jiuxing Precision Technology [1] Shareholding Changes - PIANO's controlling shareholder is planning a change in control, leading to stock suspension [1] - Tai Long Pharmaceutical's controlling shareholder will change to Jiangyao Holdings, with stock resuming trading [1] - ST Yishite's control will shift to Jingzhou State-owned Assets Supervision and Administration Commission [1] Buybacks and Reductions - Midea Group has completed its share buyback plan with a total amount reaching 10 billion yuan [1] - Helen Zhe plans to repurchase shares worth between 50 million to 100 million yuan [1] - Several companies, including Zhongfu Circuit and Keri International, are planning to reduce their shareholdings by up to 3% [1] Operational Data - Zhongtong Bus reported a sales volume of 1,133 units in November, marking a year-on-year increase of 39.53% [1] - Keming Foods' subsidiary saw a 110.77% year-on-year increase in pig sales revenue in November [2] - Yisheng Co., Ltd. reported a 28.43% decrease in sales revenue from white feather broiler chicks in November, totaling 215 million yuan [2] Major Investments - Cambridge Technology plans to invest 100 million USD in CIG USA to expand high-speed optical module production capacity in North America and Southeast Asia [2] - Zhejiang Rongtai intends to invest approximately 545 million yuan in Thailand for the production of 14,000 tons of mica paper and other products [2] - China Ocean Shipping Company plans to invest 258 million yuan in Shenshan Port Investment Company [2]

股票简称：中通客车 股票代码：000957 公告编号:2025-062 登录新浪财经APP 搜索【信披】查看更多考评等级 中通客车股份有限公司 2025年11月份产销数据自愿性信息披露公告 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。 中通客车股份有限公司截至2025年11月份产销数据快报如下： 单位：辆 ■ 本表为产销快报数据，最终数据以公司定期报告数据为准。同时提醒广大投资者，不能以公司产销数据 直接推算公司业绩情况。 特此公告。 中通客车股份有限公司董事会 2025年12月9日 ...

Group 1 - Weidi Co., Ltd. plans to acquire control of Jiuxing Precision Technology, which is expected to constitute a major asset restructuring. The company will pay cash to acquire 51% of the equity from Jiangsu Zhiyue Tiancheng Enterprise Management Co., Ltd. and Jiuxing Precision Technology, aiming to gain at least 51% voting rights [2] - Purun Co., Ltd. intends to purchase 49% equity of high-performance storage company Noah Changtian through issuing shares, convertible bonds, and cash payments. Upon completion, Purun will hold 100% of Noah Changtian, which specializes in high-performance 2D NAND and derivative storage products [3] - ST Yishite is undergoing a significant share transfer, with Jiangjiang Industrial Group acquiring 4.34 billion shares, representing 18.66% of the total share capital, at a price of 5.61 yuan per share, totaling 2.437 billion yuan [5] Group 2 - Midea Group has completed its share repurchase plan, buying back 135 million shares, accounting for 1.76% of the total share capital, with a total expenditure of approximately 10 billion yuan [6] - Jingji Agricultural plans to repurchase shares using self-raised funds, with a total amount between 100 million and 200 million yuan, at a maximum price of 23.7 yuan per share [6] - Helen Zhe intends to repurchase shares with a total amount between 50 million and 100 million yuan, at a maximum price of 7.5 yuan per share [7] Group 3 - Shengda Resources plans to acquire 60% equity of Yichun Jinshi Mining for 500 million yuan, which will become a subsidiary after the transaction [7] - Guangju Energy is participating in the public transfer of an 8% stake in Shenzhen Mawan Power, aiming to increase its holding from 6.42% to 14.42% [8] - Zhongrong Marine plans to invest 2.58 billion yuan in Guangdong Yantian Port for a 20% stake through its wholly-owned subsidiary [15]

Group 1 - Cambridge Technology plans to invest 400 million yuan to establish a fund focused on optical devices and chips, aiming to invest in early-stage and growth-stage companies in the hard technology sector [1] - Tunnel Corporation's consortium won a bid for a highway project in Henan with a total investment of 6.49 billion yuan, using a BOT model for a 33.25-year cooperation period [2] - Hongrun Construction won a bid for a project worth 230 million yuan, which represents 3.88% of the company's projected revenue for 2024 [3] Group 2 - Tongrentang's product, Canling Baizhu Powder, received product registration approval from Health Canada, aimed at treating symptoms related to spleen and stomach weakness [4] - Hunan Baiyin announced a scheduled annual maintenance from December 9, 2025, to January 5, 2026, for equipment and facilities [5] - Changchun Gaoxin's subsidiary had two drugs included in the national medical insurance catalog for 2025 [6] Group 3 - Dongfang Securities' chairman resigned due to work relocation [7] - Xuantai Pharmaceutical's product, Sitagliptin Metformin Sustained-Release Tablets, was renewed for inclusion in the national medical insurance catalog [8] - ST Weihai was pre-selected for a smart agriculture EPC project with a bid of 652 million yuan, accounting for 26.27% of the company's projected revenue for 2024 [9] Group 4 - Guoxin Technology successfully tested an anti-quantum password financial POS chip, supporting both traditional and quantum-resistant algorithms [10] - Huaren Health's subsidiary received acceptance for a drug registration application for Lactulose Oral Solution, a common laxative [11] - Ankai Bus reported a 57.71% year-on-year increase in sales for the first 11 months of the year [12] Group 5 - Zhongyan Dadi's subsidiary won a bid for a project worth 73.86 million yuan [13] - Zhejiang Rongtai plans to invest 77 million USD in a factory in Thailand, focusing on mica paper and robot components production [14] - Optoelectronics plans to use up to 450 million yuan of idle funds for cash management [15] Group 6 - Tianyu Biological reported a 45.15% year-on-year decline in sales revenue from pig sales in November [16] - Daqin Railway's cargo transport volume increased by 1.75% year-on-year in November [17] - Yabo Co. won a bid for a heavy truck charging station project worth 3.616 million yuan [18] Group 7 - Hongri Pharmaceutical's product continues to be included in the national medical insurance catalog [19] - Jinggong Steel Structure signed a contract for steel structure installation worth approximately 470 million yuan for an overseas project [20] - Xizang Pharmaceutical's product, Xinhuasuan, continues to be included in the national medical insurance catalog [21] Group 8 - Guangdong Electric Power A announced the successful commissioning of a 1000MW unit at the Maoming Boge Power Plant [22] - Fuan Pharmaceutical's product, Palivizumab Injection, was newly included in the national medical insurance catalog [23] - Lizhu Group reported that 194 products were included in the 2025 national medical insurance catalog [24] Group 9 - Haisan Pharmaceutical's injection of Lantanol was included in the national medical insurance catalog [25] - Zhongtong Bus reported a 39.53% year-on-year increase in sales volume in November [26] - Shaanxi Coal Industry reported a 6.03% year-on-year increase in coal production in November [27] Group 10 - Haooubo's subsidiary received a medical device registration certificate for an IgG4 testing kit [28] - Yaopi Glass plans to invest 690 million yuan in new automotive glass production lines [30] - Huadian International completed the issuance of 2 billion yuan in medium-term notes [31] Group 11 - Zhongzai Zihuan's subsidiary won a bid for a green recycling project worth 205 million yuan [32] - Dabeinong reported a 25.26% year-on-year decline in sales revenue from pig sales in November [33] - Xiangjia Co. reported a 3.77% year-on-year increase in live poultry sales revenue in November [34] Group 12 - Huanxu Electronics reported a consolidated revenue of 5.198 billion yuan in November, a decrease of 3.34% year-on-year [35] - Aonong Biological reported a 72.21% year-on-year increase in pig sales volume in November [36] - Samsung Medical's subsidiary was pre-selected for a procurement project worth approximately 108 million yuan [37]