中集车辆（集团）股份有限公司 关于持股 5%以上股东减持 A 股股份预披露的公告 平安资本有限责任公司－上海太富祥中股权投资基金合伙企业（有限合伙）、平安资 本有限责任公司－台州太富祥云股权投资合伙企业（有限合伙）保证向本公司提供的信息 内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 平安资本有限责任公司－上海太富祥中股权投资基金合伙企业（有限合伙）（以下简称 "上海太富"）、平安资本有限责任公司－台州太富祥云股权投资合伙企业（有限合伙）（以 下简称"台州太富"）的基金管理人均为平安资本有限责任公司。上海太富的执行事务合伙人 为平安资本有限责任公司，台州太富的执行事务合伙人为深圳市平安德成投资有限公司。深 圳市平安德成投资有限公司和平安资本有限责任公司均为中国平安保险（集团）股份有限公 司间接持有100%权益的企业。上海太富、台州太富受同一主体控制，为一致行动人。 证券代码：301039 证券简称：中集车辆 公告编号：2025-030 股东上海太富、台州太富出具的《减持计划告知函》，上海太富、台州太富均为 中国证券投资 ...

公司公告汇总：中集车辆每10股派发现金红利人民币2.8元（含税），A股股权登记日为2025年6月 10日 公司公告汇总 中集车辆（集团）股份有限公司发布2024年度A股权益分派实施公告。公司每10股派发现金红利人民币 2.8元（含税），A股股权登记日为2025年6月10日，除权除息日为2025年6月11日。2025年第一次临时股 东会审议通过2024年度利润分配预案，以2024年12月31日总股本1,874,124,420股为基数，向全体股东每 10股分派现金股利人民币2.8元（含税），合计派发现金红利人民币524,754,837.60元（含税），不送红 股，不以公积金转增股本。A股股本为1,453,680,000股，向A股股东派发的现金红利总额为人民币 407,030,400.00元（含税）。非上市外资股股本为420,444,420股，向非上市外资股股东派发的现金红利 总额为人民币117,724,437.60元（含税）。本次权益分派对象为截止2025年6月10日下午深圳证券交易所 收市后，在中国结算深圳分公司登记在册的本公司全体A股股东。公司委托中国结算深圳分公司代派A 股股东现金红利，部分股东现金红利由公 ...

证券代码：301039 证券简称：中集车辆 公告编号：2025-029 中集车辆（集团）股份有限公司 2024 年度 A 股权益分派实施公告 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。 特别提示： 每10股派发现金红利人民币2.80元（含税）。本次权益分派的A股股权登记 日为：2025年6月10日；除权除息日为：2025年6月11日。 一、股东会审议通过权益分派方案情况 1、中集车辆（集团）股份有限公司（以下简称"公司"或"本公司"）2025年4 月30日召开的2025年第一次临时股东会审议通过了《2024年度利润分配预案》： 截至2024年12月31日，公司总股本为1,874,124,420股。本次拟以公司2024年12月 31日的总股本1,874,124,420股为基数，向全体股东每10股分派现金股利人民币2.8 元（含税）（即每1股分派现金股利人民币0.28元（含税）），合计派发现金红利人 民币524,754,837.60元（含税），不送红股，不以公积金转增股本。公司剩余可分 配利润结转至以后使用。 公司A股股本为1,453,680,000股，本次向 ...

Investment Rating - The report assigns an "Add-A" rating to the company, indicating a positive outlook for the stock [7]. Core Views - The company experienced a decline in revenue and profit in 2024, with operating income of 20.998 billion yuan, down 16.30% year-on-year, and a net profit of 1.085 billion yuan, down 55.80% year-on-year. The first quarter of 2025 also showed a decline in revenue and profit [3][4]. - Despite challenges in the North American market, the domestic market showed resilience with a 12% increase in semi-trailer sales and a 16% increase in revenue, leading to an increase in market share [4]. - The company is focusing on high-end manufacturing transformation and digitalization to enhance long-term competitiveness, alongside significant investments in the new energy vehicle market [5]. Company Performance - The company's stock closed at 8.37 yuan on May 30, 2025, with a market capitalization of 156.86 billion yuan. The highest and lowest prices in the year were 13.15 yuan and 7.86 yuan, respectively [2]. - The basic and diluted earnings per share for the year ending March 31, 2025, were both 0.10 yuan, with a net asset return rate of 1.18% [2]. Financial Forecast - Revenue projections for 2025-2027 are 21.556 billion yuan, 22.811 billion yuan, and 24.892 billion yuan, respectively. Net profits are expected to be 1.151 billion yuan, 1.294 billion yuan, and 1.507 billion yuan for the same period [7][9]. - The report anticipates an increase in earnings per share (EPS) from 0.61 yuan in 2025 to 0.80 yuan in 2027, with corresponding price-to-earnings (P/E) ratios decreasing from 13 to 10 [7][9].

Group 1: Investor Relations Activities - The company participated in multiple broker strategy meetings and one-on-one roadshows in Shanghai from May 22 to May 29, 2025 [2][3] - Key participants included major financial institutions such as BlackRock, Minsheng Securities, and CITIC Securities [2] Group 2: Business Performance and Market Expansion - In Q1 2025, the company achieved a sales volume of 30,000 vehicles, generating revenue of CNY 4.59 billion, with a gross margin of 14.3% [3][5] - The "Starlink Plan" led to a 180% increase in sales revenue in the western market, while the "Xiongqi Plan" resulted in a 120% year-on-year increase in order volume in targeted northern regions [3][4] Group 3: Profitability and Market Trends - Domestic semi-trailer gross margin increased by 2.9 percentage points year-on-year, while the gross margin for the global southern market rose by 7.5 percentage points [5] - The decline in demand in the North American semi-trailer market affected the product mix, leading to a decrease in the sales proportion of high-margin products [3][5] Group 4: Value Creation and Shareholder Returns - The company aims to enhance value creation and strengthen its fundamentals, focusing on core business and technological breakthroughs [5][6] - A shareholder return plan for 2024-2026 includes a cumulative dividend of CNY 1.05 billion in 2024 [5][6] Group 5: Product Development and Future Plans - The company initiated the "Shuxiang Project" in 2018 to explore autonomous electric container transfer vehicles, with significant product development milestones achieved by 2023 [6][7] - Plans for 2025 include launching the "pure electric head and trailer mixer truck" and expanding sales and service networks in the southwestern region [7]

Group 1 - The core viewpoint of the article highlights the performance and market position of CIMC Vehicles, noting its stock price increase and current valuation metrics [1] - As of May 29, CIMC Vehicles closed at 8.56 yuan, up 3.38%, with a rolling PE ratio of 16.06 times and a total market capitalization of 16.043 billion yuan [1] - The average PE ratio for the automotive manufacturing industry is 35.83 times, with a median of 24.69 times, placing CIMC Vehicles in 11th position within the industry [2] Group 2 - As of March 31, 2025, CIMC Vehicles had 36,558 shareholders, an increase of 1,451 from the previous count, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1] - The main business of CIMC Vehicles includes the production, manufacturing, and sales of semi-trailers, special vehicles, refrigerated truck bodies, and complete vehicles, with notable brands operating in North America and Europe [1] - The latest quarterly report for Q1 2025 shows CIMC Vehicles achieved a revenue of 4.591 billion yuan, a year-on-year decrease of 10.91%, and a net profit of 179 million yuan, down 32.59%, with a gross profit margin of 14.30% [1]

Core Insights - The company CIMC Vehicles closed at 8.24 yuan on May 26, with a decline of 1.55%, resulting in a rolling PE ratio of 15.46 times and a total market capitalization of 15.443 billion yuan [1] - In comparison to the automotive manufacturing industry, which has an average PE ratio of 35.48 times and a median of 25.82 times, CIMC Vehicles ranks 11th [1] - The company experienced a net inflow of 7.5556 million yuan in principal funds on May 26, with a total inflow of 8.3796 million yuan over the past five days [1] Company Overview - CIMC Vehicles specializes in the production, manufacturing, and sales of semi-trailers, special vehicles, refrigerated truck bodies, and complete vehicles [1] - The main products include ordinary semi-trailers, tankers, superstructure products, chassis, and tractors [1] - The company operates well-known brands such as "Tonghua," "Huajun," "Shenyangfan," "Ruijiang Automobile," "Lingyu Automobile," and "Liangshan Dongyue" in China, and "Vanguard" and "CIE" in North America, as well as "SDC" and "LAG" in Europe [1] Financial Performance - In the first quarter of 2025, CIMC Vehicles reported an operating revenue of 4.591 billion yuan, a year-on-year decrease of 10.91% [1] - The net profit for the same period was 179 million yuan, reflecting a year-on-year decline of 32.59% [1] - The sales gross margin stood at 14.30% [1]

证券代码：301039 证券简称：中集车辆 公告编号：2025-028 中集车辆（集团）股份有限公司 关于召开 2024 年度股东会的通知 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。 中集车辆（集团）股份有限公司（以下简称"公司"或"本公司"）第三届董事 会2025年第二次会议审议通过《关于提请召开2024年度股东会的议案》，并于第 三届董事会2025年第三次会议审议通过《关于调整2024年度股东会审议事项的议 案》，现就本公司2024年度股东会（以下简称"本次股东会"）的有关事项通知如 下： 一、召开会议的基本情况 1、本次股东会届次：本公司2024年度股东会 2、本次股东会召集人：本公司董事会 3、会议召开的合法、合规性：本次股东会会议的召开符合上市公司相关法 律、行政法规、部门规章、规范性文件和《公司章程》的有关规定。 4、会议召开时间： （1）现场会议召开时间：2025 年 6 月 12 日（星期四）下午 14:30 召开 （2）A 股网络投票时间：2025 年 6 月 12 日（星期四）。其中，通过深圳证 券交易所交易系统进行网络投票时间为 20 ...

Core Viewpoint - On May 16, 2025, the company held an investor meeting to discuss its first-quarter performance and strategies to address challenges such as U.S.-China tariff uncertainties and raw material price fluctuations [1][3]. Group 1: Supply Chain and Cost Management - The company is optimizing its North American supply chain in response to U.S.-China tariff uncertainties, enhancing local procurement and establishing backup supply sources in Thailand and Canada [3][4]. - The company has increased its centralized procurement ratio from below 50% to over 85% since 2024, significantly improving procurement efficiency and cost management [4][6]. - In the first quarter of 2025, the company achieved a cost reduction of over 80 million through its centralized procurement strategy [4]. Group 2: Production Efficiency and Innovation - The company has implemented an industry-first fully automated production line and is continuously upgrading its production processes to enhance efficiency [4][6]. - The average output per employee increased by 15% year-on-year in the first quarter of 2025, reflecting improved production efficiency [6]. - The company has successfully launched competitive products with a production cycle reduced to 15 minutes per unit, redefining industry speed and efficiency [6]. Group 3: Foreign Exchange Risk Management - The company manages foreign exchange risks by regularly reviewing its net exposure and utilizing foreign exchange forward contracts to mitigate uncertainties [6].

Core Viewpoint - The company is actively optimizing its supply chain and production efficiency in response to geopolitical challenges and raw material price fluctuations, while also expanding its market presence and managing foreign exchange risks. Supply Chain Management - Since 2024, the company has been enhancing its North American supply chain by increasing local procurement and establishing backup supplies in Thailand and Canada to strengthen supply chain resilience [1] - The company has localized the manufacturing and delivery of its box-type semi-trailers in the U.S., with significant progress in localizing refrigerated semi-trailers and container chassis [1] - The centralized procurement strategy has increased the procurement ratio from below 50% to over 85%, resulting in cost savings of over 80 million yuan in 2024 [2] Production Efficiency - The company has implemented a fully automated production line and optimized its production processes, reducing production time to 15 minutes per unit [4] - In Q1 2025, the company reported a 15% year-on-year increase in per capita output, indicating improved operational efficiency [4] Financial Performance - In Q1 2025, the company reported a revenue of 4.591 billion yuan, a decrease of 10.91% year-on-year, and a net profit of 179 million yuan, down 32.59% year-on-year [5] - The company's gross profit margin stands at 14.3%, with a debt ratio of 34.44% [5] Market Expansion and Risk Management - The company is managing foreign exchange risks through regular reviews and the use of foreign exchange forward contracts [3] - The company is focused on expanding its overseas market presence while mitigating the impact of exchange rate fluctuations on its operations [3]