Core Viewpoint - The article emphasizes that the rise of emerging industries in China will lead the next decade of the polymer industry, amidst a backdrop of significant transformation in the global chemical industry [1]. Group 1: Event Overview - The 2025 Polymer Industry Annual Conference and "New Plastic Award" selection will take place from September 10-12 in Hefei, Anhui [1]. - The conference aims to explore new opportunities in materials, technologies, and equipment related to emerging industries such as AI, robotics, low-altitude economy, aerospace, new energy vehicles, and data centers [1]. Group 2: Organizers and Supporters - The event is organized by Ningbo Detaizhong Research Information Technology Co., Ltd. (DT New Materials) and chaired by Qian Xigao, an academician of the Chinese Academy of Engineering [2]. - Various supporting units include the China New Materials Industry Technology Innovation Platform and several universities and research institutions [2]. Group 3: Featured Companies - Notable participating companies include: - China Energy Conservation and Environmental Protection Group Co., Ltd., specializing in LCD materials and high-tech polymers [3]. - Nanjing Lixun Screw Co., Ltd., a leader in twin-screw extrusion technology [3]. - Tianjin Lianlong New Materials Co., Ltd., recognized for its comprehensive product offerings in polymer anti-aging [3]. Group 4: Forums and Discussions - The conference will feature multiple forums, including the China International Engineering Plastics Industry Innovation Conference, focusing on topics such as resin-based composite online curing monitoring and intelligent production control [8]. - The New Energy Vehicle Innovation Materials and Applications Forum will discuss lightweight materials and their applications in automotive design [10]. Group 5: Special Activities - A special session on AI-enabled polymer material development will be held, highlighting the integration of AI in material innovation [14]. - A closed-door meeting for the development of the polymer industry and project roadshows will also take place, inviting leaders from government, enterprises, and academia [16][17].

Group 1 - The company, Zhongtong Bus, emphasizes a customer-oriented approach to meet market demands, offering a wide range of products including highway buses, public transport, tourism, group, high-end business, school buses, logistics vehicles, and special vehicles [1] - The company has been expanding its overseas market presence, leading to a continuous increase in its market share in the global bus industry, establishing itself as a representative brand [1]

Group 1 - The commercial vehicle sector experienced a decline of 1.55% on August 14, with Shuguang Co. leading the drop [1] - The Shanghai Composite Index closed at 3666.44, down 0.46%, while the Shenzhen Component Index closed at 11451.43, down 0.87% [1] - Key stocks in the commercial vehicle sector showed varying declines, with Shuguang Co. closing at 3.55, down 3.01%, and Foton Motor at 2.64, down 2.94% [1] Group 2 - The commercial vehicle sector saw a net outflow of 180 million yuan from main funds, while retail investors contributed a net inflow of 196 million yuan [2] - Speculative funds experienced a net outflow of approximately 16.34 million yuan [2]

Market Overview - The commercial vehicle sector experienced a decline of 0.31% on August 13, with Yutong Bus leading the drop [1] - The Shanghai Composite Index closed at 3683.46, up 0.48%, while the Shenzhen Component Index closed at 11551.36, up 1.76% [1] Individual Stock Performance - Notable performers in the commercial vehicle sector included: - Fuchang Automobile: Closed at 2.72, up 1.87% with a trading volume of 1.26 million shares [1] - Jiangling Motors: Closed at 21.24, up 1.14% with a trading volume of 59,000 shares [1] - Dongfeng Motor: Closed at 7.57, up 0.26% with a trading volume of 444,600 shares [1] - Yutong Bus saw a significant decline, closing at 26.93, down 2.78% with a trading volume of 128,400 shares [3] Capital Flow Analysis - The commercial vehicle sector saw a net outflow of 126 million yuan from institutional investors, while retail investors contributed a net inflow of 145 million yuan [3][4] - Specific stock capital flows included: - Jianghuai Automobile: Net inflow of 21.51 million yuan from institutional investors [4] - Yutong Bus: Net outflow of 6.66 million yuan from institutional investors [4] - Ankai Bus: Net outflow of 11.77 million yuan from institutional investors [4]

Core Viewpoint - Zhongtong Bus continues to support the modernization of public transportation in Central Asia through the delivery of N-series city buses to Uzbekistan's Bukhara region, enhancing local commuting experiences and ecological protection [1][3]. Group 1: Delivery and Impact - The recent delivery of N-series city buses to Bukhara marks another large-scale deployment by Zhongtong Bus in Uzbekistan, following previous deliveries to Namangan and Khorezm regions in 2025 [1]. - Bukhara, known as a historical city and a popular tourist destination, will utilize these buses primarily on tourist routes and main roads, improving travel convenience for both tourists and local residents [3]. Group 2: Bus Features - The N-series buses feature a low-entry design with accessibility options for the elderly and disabled, enhancing ease of boarding [5]. - Equipped with Weichai WP7NG natural gas engines and lightweight technology, these buses offer longer range and reduced energy consumption while providing stronger power output [5]. Group 3: Local Government Initiatives - Uzbekistan has prioritized public transportation development, with local governments implementing vehicle upgrades and dedicated road construction to enhance service capabilities [7]. - In Bukhara, the N-series buses are gradually replacing old diesel vehicles, improving passenger comfort and travel efficiency, while also enhancing the city's image [7]. Group 4: Industry Contribution - Zhongtong Bus is committed to providing efficient public transportation solutions, contributing to the high-quality development of global passenger transport [9].

Group 1 - The core point of the article highlights the financing activities of Zhongtong Bus, indicating a net buying trend in recent trading days [1] - On August 12, Zhongtong Bus had a financing buy amount of 0.14 billion yuan, ranking 2090 in the market, with a financing repayment amount of 0.14 billion yuan and a net buy of 593,100 yuan [1] - Over the last three trading days (August 8-12), Zhongtong Bus received financing buys of 0.11 billion yuan, 0.14 billion yuan, and 0.14 billion yuan respectively [1] Group 2 - In terms of securities lending, on August 12, there were no shares sold short, with a net buy of 10 shares [1]

Core Viewpoint - The stock price of Zhongtong Bus (000957) experienced a significant drop on July 19, attributed to market rumors regarding stricter trading regulations from the exchange, which may signal a policy "cooling" effect aimed at curbing speculative trading and potentially redirecting funds to value stocks [1][2][5]. Group 1: Stock Performance - On July 19, Zhongtong Bus opened with an 8.14% increase, reaching a peak price of 27.5 CNY per share, but closed at the daily limit down of 22.89 CNY, marking a decline of 9.99% and a total market capitalization of 13.57 billion CNY [2]. - The trading volume for Zhongtong Bus on that day was 5.946 billion CNY, with a turnover rate of 39.52% [2]. Group 2: Market Rumors and Reactions - The drop in stock price was linked to rumors that a brokerage received a call from the exchange warning about strict penalties for frequent traders of Zhongtong Bus, suggesting that investors should avoid trading in this stock [2][3]. - Industry expert Wang Jianhui noted that the reliability of the rumors is uncertain and advised investors to rely on official communications from regulators [2]. Group 3: Company Background and Recent Developments - Zhongtong Bus has seen a remarkable stock price increase of 534.16% from April 27 to July 18, making it one of the top-performing stocks of the year [3]. - The second-largest shareholder, Shandong State-owned Assets Investment Holding Co., has reduced its stake by 2% on July 18 and 19, now holding approximately 15.96% of the total shares [3]. - The company primarily focuses on the development, manufacturing, and sales of buses, with a limited impact from its medical vehicle business related to nucleic acid testing [5].

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - In the 31st week of 2025 (July 28 - August 3), domestic passenger car and new energy passenger car sales increased week - on - week. Passenger car retail sales were 465,000 units, a year - on - year increase of 2.8%; new energy passenger car retail sales were 247,000 units, a year - on - year increase of 10.4%, with a penetration rate of 53.1%. Since the beginning of the year, cumulative passenger car retail sales were 12.563 million units, a year - on - year increase of 7.0%; cumulative new energy passenger car retail sales were 6.407 million units, a year - on - year increase of 26.9%, with a cumulative penetration rate of 51.0% [2][110][118]. - The China Passenger Car Association slightly raised the full - year forecast for 2025. It is expected that passenger car retail sales will reach 24.35 million units, a 6% increase, with the forecast volume 300,000 units more than the June forecast; passenger car exports will be 5.46 million units, a 14% increase, with the forecast volume 160,000 units higher than the initial forecast; new energy passenger car wholesale will be 15.48 million units, a 27% increase, with the forecast volume slightly down from the June forecast, and the new energy wholesale penetration rate will reach 56%; automobile wholesale will be 34.04 million units, an 8% increase, with the forecast volume 5 percentage points higher than the initial forecast [2][108][118]. 3. Summary According to the Directory 3.1. Key Target Tracking - The report presents the weekly price changes of relevant sectors and listed companies. For example, among listed companies, Great Wall Motor (601633.SH) had a weekly increase of 3.00%, while BYD (002594.SZ) had a weekly decrease of 1.77% [16]. 3.2. Industrial Chain Data Tracking 3.2.1. China New Energy Vehicle Market Tracking - **Sales and Exports**: Charts show the sales (seasonal), penetration rate, domestic sales (seasonal), exports (seasonal), and sales of EV and PHV in the Chinese new energy vehicle market [17][22][24]. - **Inventory Changes**: Charts display the monthly new inventory of new energy passenger vehicle channels and manufacturers [26]. - **Delivery Volume of New Energy Vehicle Manufacturers**: Charts present the monthly delivery volumes of several new energy vehicle manufacturers such as Leapmotor, Li Auto, XPeng, etc. [29][33][35]. 3.2.2. Global and Overseas New Energy Vehicle Market Tracking - **Global Market**: Charts show the sales (by region), penetration rate, and sales of EV and PHV in the global new energy vehicle market [41][44]. - **European Market**: Charts present the sales, penetration rate, and sales of EV and PHV in the European new energy vehicle market, as well as the sales of EV and PHV in the UK, Germany, and France [46][49][50]. - **North American Market**: Charts show the sales, penetration rate, and sales of EV and PHV in the North American new energy vehicle market [59][60]. - **Other Regions**: Charts display the sales, penetration rate, and sales of EV and PHV in other regions, including Japan, South Korea, and Thailand [62][63][67]. 3.2.3. Power Battery Industry Chain - Charts show the power battery loading volume (by material), export volume (by material), weekly average price of battery cells, cell material cost, and the operating rates and prices of various battery materials such as ternary materials, precursors, lithium iron phosphate, etc. [78][82][83]. 3.2.4. Other Upstream Raw Materials - Charts present the daily prices of rubber, glass, steel, and aluminum [102][104]. 3.3. Hot News Summary 3.3.1. China: Policy Dynamics - The State Administration for Market Regulation plans to build a number of national carbon measurement centers by 2030, with priority given to the carbon measurement needs of key industries such as power batteries [108]. 3.3.2. China: Industry Dynamics - The China Passenger Car Association slightly raised the full - year forecast for 2025, including the increase in passenger car retail, exports, and automobile wholesale, and a slight decrease in new energy passenger car wholesale forecast [108]. - In July, the new energy wholesale sales were 1.18 million units, a year - on - year increase of 25%, and the cumulative wholesale from January to July was 7.63 million units, a year - on - year increase of 35% [109]. - From July 1 - 31, new energy retail sales increased by 14% year - on - year, and the cumulative retail sales since the beginning of the year increased by 30% year - on - year [110]. - From January to June, the domestic charging infrastructure increment was 3.282 million units, a year - on - year increase of 99.2%, and the vehicle - to - charging - pile increment ratio was 1.8:1 [111]. 3.3.3. China: Enterprise Dynamics - Sunwoda plans to list in Hong Kong and build a new production base in Vietnam with a total investment of no more than RMB 2 billion [113]. - Leapmotor's first batch of electric SUVs arrived in Brazil [114]. 3.3.4. Overseas: Policy Dynamics - Russia will allocate 5.7 billion rubles from 2025 - 2027 to develop electric vehicle charging infrastructure, aiming to have 28,000 DC charging stations with an output power over 149kW in operation by 2030 [114]. 3.3.5. Overseas: Industry Dynamics - In the UK, July passenger car sales decreased by 5.0% to 140,000 units, while pure - electric and plug - in hybrid vehicles increased by 9.1% and 33.0% respectively [115]. - In Germany, July passenger car sales increased by 11.1% to 265,000 units, with pure - electric and plug - in hybrid vehicles increasing by 58.0% and 83.6% respectively [116]. - In Brazil, July new car sales increased by 0.8% to 243,000 units, with pure - electric and plug - in hybrid vehicles increasing by 48.2% and 22.3% respectively [116]. 3.4. Industry Views - Similar to the core views, it emphasizes the sales situation in the 31st week of 2025 and the adjustment of the full - year forecast by the China Passenger Car Association [118]. 3.5. Investment Suggestions - The penetration rate of the Chinese new energy vehicle market exceeded 30% in 2023 and 50% since 2024. In 2025, high - competitiveness new car products continue to be launched, and price wars are gradually halted. Overseas, due to strong trade protectionism in Europe and the US, there are risks in exports. Attention should be paid to new growth points such as countries along the Belt and Road and the Middle East. In terms of the competitive landscape, domestic independent brands' market share continues to expand, and attention should be paid to companies with strong product capabilities, smooth overseas expansion, and stable supply [3][119].

天眼查资料显示，中通客车股份有限公司，成立于1994年，位于聊城市，是一家以从事汽车制造业为主 的企业。企业注册资本59290.3936万人民币。通过天眼查大数据分析，中通客车股份有限公司共对外投 资了19家企业，参与招投标项目2407次，财产线索方面有商标信息132条，专利信息976条，此外企业还 拥有行政许可124个。 专利摘要显示，本实用新型公开了一种机架式交流电源控制系统，属于专用车辆技术领域，包括市电电 源、UPS电源和机架，所述机架上固定设置有控制面板，所述控制面板外侧固定设置有面板防护罩；所 述控制面板上固定设置有双能源切换开关，所述双能源切换开关包括UPS端和市电端，所述UPS端的输 入端与UPS电源的输出端连接，所述市电端的输入端与市电电源的输出端连接，所述UPS端的输出端与 关键电源总开关的输入端连接，所述关键电源总开关的输出端与关键电源连接，所述市电端的输出端与 非关键电源总开关的输入端连接，所述非关键电源总开关的输出端与非关键电源连接，可实现专项作业 车交流配电方面的优化和升级。 金融界2025年8月7日消息，国家知识产权局信息显示，中通客车股份有限公司取得一项名为"一种机架 式交流电 ...

Core Insights - Zhongtong Bus Co., Ltd. reported significant growth in large and light logistics vehicles, while medium vehicle sales declined sharply in July 2025 [2][3]. Production Data - In July 2025, the company produced 1,009 vehicles, representing an 11% increase year-on-year [3]. - Large vehicle production reached 639 units, a substantial increase of 125% compared to the same month last year [2][3]. - Medium vehicle production fell to 274 units, a decrease of 53.24% year-on-year, indicating a notable shift in market demand [2][3]. - Light and logistics vehicle production was 96 units, showing a significant increase of 146.15% year-on-year [2][3]. - Cumulatively, from January to July 2025, the company produced 7,137 vehicles, a decline of 4.65% from 7,485 units in the same period last year [3]. Sales Data - In July 2025, the company sold 1,013 vehicles, a decrease of 6.03% year-on-year [3]. - Large vehicle sales were 587 units, a slight decline of 4.24% compared to the previous year [3]. - Medium vehicle sales dropped to 364 units, down 15.74% year-on-year [3]. - Light and logistics vehicle sales increased to 62 units, reflecting a growth of 87.88% year-on-year [3]. - Cumulatively, from January to July 2025, the company sold 6,852 vehicles, a slight increase of 1.05% compared to 6,781 units in the same period last year [4].