证券代码：000957 证券简称：中通客车 公告编号：2025-058 中通客车股份有限公司 特别提示： 1 根据《中华人民共和国公司法》《深圳证券交易所上市公司自律 监管指引第 9 号—回购股份》等相关规定，本公司回购专用证券账户 中 的 A 股 股 份 不 参 与 2025 年 中 期 分 红 派 息 。 公 司 以 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，每 10 股派发现金股利 0.50 元（含税），合计派发现金股利为 29,319,146.80 元。 具体内容详见公司于 2025 年 10 月 28 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《关于 2025 年度中期利润分配方案的公告》(公告编号：2025-055）。 一、股东会授权及董事会审议通过利润分配方案情况 1、公司于 2025 年 5 月 30 日召开 2024 年年度股东大会，审议通 过了《关于授权董事会制定中期分红方案的议案》，同意授权董事会 在满足中期分红条件的前提下，制定并实施公司 2025 年度中期分红 方案。公司于 ...

在动力方面，中通H13的优势明显。该车的发动机、变速箱、等关键核心零部件，均采用行业 一流品牌产品。其中，该车所搭载的潍柴发动机，是专为客车工况定制开发，兼顾动力性和经 济性。这款发动机的型号是WP12H430E62，最大输出功率达到430马力，最大扭矩 2100N·m，动力强劲，能够轻松应对多种复杂路况。 这款发动机采用先进燃烧技术与优化燃油喷射系统，使燃油燃烧更为充分，从而提升燃油利用 率并降低油耗。对旅游客运企业而言，油耗降低意味着运营成本的直接减少。以年行驶10万 公里的客车为例，WP12H发动机较其他同类产品每年可节省数万元燃油费用。 近日，中通客车2025全球合作伙伴大会在山东青岛成功举办。本次大会，中通客车携覆盖城 市公交、旅游客运等11款创新产品亮相，为全球合作伙伴提供了全场景解决方案。 大会现场，中通客车明星产品-H13旅团客车也得以亮相，迅速吸引了参会各方的高度关注， 成为展示环节的焦点之一。作为一款旅游客车，中通H13旅团客车凭借哪些核心优势，能够持 续斩获大单并深受全球客户青睐呢？接下来，小编就带大家来看一下这款车的亮点所在。 品质超群强心脏 中通H13旅团客车是中通对市场需求的一种深 ...

Core Insights - The commercial vehicle sector saw a rise of 0.72% on October 31, with Foton Motor leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Commercial Vehicle Sector Performance - Foton Motor (600166) closed at 3.00, up 4.17% with a trading volume of 3.89 million shares and a transaction value of 1.183 billion [1] - China National Heavy Duty Truck Group (000951) closed at 18.14, up 3.78% with a trading volume of 312,300 shares and a transaction value of 564 million [1] - King Long Motor (600686) closed at 15.14, up 2.64% with a trading volume of 808,000 shares and a transaction value of 1.253 billion [1] - Other notable performances include Shuguang Co. (600303) up 1.86% and FAW Jiefang (000800) up 1.27% [1] Fund Flow Analysis - The commercial vehicle sector experienced a net outflow of 174 million from institutional investors and 167 million from speculative funds, while retail investors saw a net inflow of 342 million [2][3] - Yutong Bus (600066) had a significant net outflow of 91.16 million from institutional investors, while retail investors contributed a net inflow of 89.92 million [3] - Jianghuai Automobile (600418) saw a net inflow of 51.86 million from institutional investors, but a net outflow of 31.11 million from retail investors [3]

Core Viewpoint - China's bus exports have shown significant growth, with a total of 55,598 buses exported from January to September 2025, marking a year-on-year increase of 31.77% [1][10]. Group 1: Export Performance - In September 2025, a total of 7,228 buses were exported, reflecting a month-on-month increase of 8.71% and a year-on-year increase of 37.36% [1][3]. - The overall monthly export volume has exceeded 7,000 units for three consecutive months, indicating a trend towards higher export volumes [3]. - The export of large buses reached 4,744 units in September, a year-on-year increase of 78.61%, setting a new monthly record [5][10]. Group 2: Market Segmentation - The export of large buses has been particularly strong, while the medium bus segment saw a decline, and light buses experienced a slight recovery [5][6]. - In September, the export of seated buses and public transport buses maintained robust growth, with seated buses exporting 3,749 units (up 33.7%) and public transport buses exporting 3,473 units (up 93.16%) [8][9]. - The large public bus segment showed a significant increase, with exports reaching 2,878 units, a year-on-year surge of 124.14% [9]. Group 3: Company Rankings - Yutong led the export rankings with 10,742 units from January to September 2025, a year-on-year increase of 18.17% [10][12]. - The Xiamen Golden Dragon group followed closely with exports of 9,152 units, reflecting a substantial year-on-year growth of 77.99% [10][12]. - Ankai Bus and Foton Ouhui also showed significant growth, with Ankai's exports increasing by 178.21% year-on-year [10][12]. Group 4: Future Outlook - The future of China's bus export market appears promising, with a need for companies to align with overseas demand, optimize product structures, and enhance technology and services to capture broader market opportunities [31].

Core Viewpoint - Zhongtong Bus has demonstrated strong product capabilities by winning multiple bids for new energy bus procurement projects in a competitive environment [1]. Group 1: Project Summaries - The first project is the Jixi City Dongfang Public Transport Co., Ltd. new energy bus update project, where Zhongtong Bus won the bid with a contract amount of 15.266 million yuan [2]. - The second project is the Malipo Tongda Rural Transport Co., Ltd. new energy intercity bus procurement project, with Zhongtong Bus winning the bid at a price of 4.543 million yuan [4]. - The third project is the Jixi City Public Transport Co., Ltd. new energy bus update project (first batch), where Zhongtong Bus secured the bid with a contract amount of 23.745 million yuan [11]. Group 2: Financial Details - The budget for the Jixi City Dongfang Public Transport project was 16.15 million yuan, indicating a competitive bidding process [2]. - The budget for the Jixi City Public Transport project was 56.63 million yuan, with Zhongtong Bus winning the first package valued at 23.745 million yuan [12]. - The unit price for the buses in the Malipo project was 649,000 yuan per vehicle, with a total of 7 vehicles to be supplied [7].

Group 1 - The commercial vehicle sector increased by 0.98% on October 30, with Yutong Bus leading the gains [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] - Key stocks in the commercial vehicle sector showed varied performance, with Yutong Bus rising by 5.54% to a closing price of 32.20 [1] Group 2 - The main capital inflow in the commercial vehicle sector was 186 million yuan, while retail investors saw a net outflow of 50.39 million yuan [3][4] - The stock performance of major companies included: - Yutong Bus: 32.20, +5.54%, 309,400 shares traded - Zhongjun Vehicles: 9.53, +2.58%, 204,800 shares traded - China National Heavy Duty Truck: 17.48, +1.81%, 206,700 shares traded [1][3] Group 3 - The main capital inflow for key stocks included Jinlong Automobile with 71.62 million yuan and Jianghuai Automobile with 59.01 million yuan [4] - Yutong Bus experienced a net inflow of 45.81 million yuan from main capital, while retail investors had a net outflow of 11.08 million yuan [4]

Market Overview - The Shandong state-owned enterprise reform sector declined by 0.95% compared to the previous trading day, with Zhongtong Bus leading the decline [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Stock Performance - Qingdao Double Star (000599) saw a significant increase of 10.06%, closing at 7.66 with a trading volume of 534,600 shares and a turnover of 406 million yuan [1] - Other notable gainers included Xingri Co. (002083) up 4.31%, Shen'en Electronics (300479) up 2.98%, and Weichai Heavy Machinery (000880) up 2.88% [1] - Conversely, Zhongtong Bus (000957) experienced a decline of 4.61%, closing at 12.01 with a trading volume of 500,200 shares and a turnover of 607 million yuan [2] Capital Flow - The Shandong state-owned enterprise reform sector experienced a net outflow of 1.429 billion yuan from institutional investors, while retail investors saw a net inflow of 1.2 billion yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Weichai Heavy Machinery (000880) had a net inflow of 1.18 billion yuan from institutional investors, but a net outflow of 1.25 billion yuan from retail investors [3] - Other stocks like Shida Shenghua (603026) and Xingri Co. (002083) also showed varied capital flows, with institutional inflows but retail outflows [3]

Core Insights - The company reported a revenue of 5.66 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 33.6% [1] - The net profit attributable to shareholders reached 280 million yuan, up 41.8% year-on-year, while the net profit excluding non-recurring items was 250 million yuan, reflecting a 43.5% increase [1] Financial Performance - In Q3, the company achieved a revenue of 1.71 billion yuan, which is a 16.0% increase year-on-year but a 23.7% decrease quarter-on-quarter [1] - The net profit attributable to shareholders for Q3 was 90 million yuan, showing a year-on-year growth of 2.5% but a quarter-on-quarter decline of 24.1% [1] - The net profit excluding non-recurring items for Q3 was 70 million yuan, marking a 0.6% year-on-year increase and a 30.2% quarter-on-quarter decrease [1] Sales and Market Dynamics - The company sold 3,171 vehicles in Q3, which is an 11.7% year-on-year increase and a 3.2% quarter-on-quarter increase [1] - Export sales in Q3 totaled 1,202 vehicles, accounting for 37.9% of total sales, which is a decrease of 2.5% year-on-year and 18.1% quarter-on-quarter [1] - The average selling price (ASP) per vehicle fell to 541,000 yuan in Q3, a year-on-year increase of 20,000 yuan but a quarter-on-quarter decrease of 191,000 yuan [1] Profitability and Cost Management - The gross profit margin for Q3 was 17.4%, down 1.2 percentage points year-on-year but up 1.8 percentage points quarter-on-quarter [2] - The operating expense ratio for Q3 was 11.2%, a decrease of 0.2 percentage points year-on-year but an increase of 3.4 percentage points quarter-on-quarter, primarily due to rising R&D and sales expenses [2] - The net cash flow from operating activities for Q3 was 370 million yuan, contributing to the company's cash reserves [2] International Expansion and Strategic Partnerships - As of the first three quarters, overseas revenue accounted for 70% of total revenue, reflecting a 40% year-on-year growth, significantly outpacing sales growth [2] - The company is expanding its global market presence, covering various scenarios from public transport to high-end models, enhancing its brand image [2] - Collaborations with Shandong Heavy Industry Group and companies like Weichai and Heavy Truck have led to shared resources in channels, R&D, services, and parts, effectively reducing costs and improving response efficiency [2] Profit Forecast - The company forecasts total revenue of 7.33 billion yuan, 8.48 billion yuan, and 9.66 billion yuan for the years 2025, 2026, and 2027 respectively, with net profits of 370 million yuan, 490 million yuan, and 620 million yuan [3]

从资金流向上来看，当日商用车板块主力资金净流出2.45亿元，游资资金净流入5683.6万元，散户资金净流入1.88亿元。商用车板块个股资金流向 见下表： 证券之星消息，10月28日商用车板块较上一交易日下跌0.84%，中通客车领跌。当日上证指数报收于3988.22，下跌0.22%。深证成指报收于 13430.1，下跌0.44%。商用车板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600066 | 字通客车 | 31.66 | 1.47% | 17.13万 | 5.40亿 | | 600375 | 汉马科技 | 7.39 | 1.09% | 40.56万 | 2.98亿 | | 000800 | 一汽解放 | 7.01 | -0.28% | 1 9.13万 | 6412.23万 | | 600166 | 福田汽车 | 2.79 | -0.36% | 82.17万 | 2.29亿 | | 301039 | 中佳车辆 | 9.14 | -0.44% | 11.52万 | 1.0 ...

中通客车股份有限公司 信息披露管理制度 （本制度经 2025 年 10 月 24 日公司十一届董事会第十三次会议审议修订） 第一章 总则 第一条 为规范中通客车股份有限公司（以下简称"公司"）信息披露行为，促 进公司依法规范运作，维护公司、股东、债权人及其他利益相关人的合法权益,依据 《中华人民共和国公司法》《中华人民共和国证券法》（以下简称《证券法》）、《上 市公司信息披露管理办法》《深圳证券交易所股票上市规则》（以下简称《上市规则》）、 《深圳证券交易所上市公司自律监管指引第 1 号—主板上市公司规范运作》等法律、 法规的规定及《中通客车股份有限公司章程》（以下简称《公司章程》）的有关要求， 结合公司实际情况制定本制度。 第二条 本制度所称"信息"是指将可能对公司股票及其衍生品种交易价格已经 或可能产生较大影响或影响投资者决策的信息，以及其他相关法律、行政法规、部门 规章和证券监管部门要求披露的信息。 本制度所称"披露/公告"是指在规定的时间内，公司或者相关信息披露义务人 按法律、行政法规、部门规章、规范性文件及深圳证券交易所其他规定在交易所网站 和符合中国证监会规定条件的媒体上发布信息。 第三条 信息披 ...