CIMC Vehicles (Group) Co., Ltd. 中集車輛（集團）股份有限公司 股份代號：1839 UBS代表本公司作出以 每股H股7.5港元(2) 的價格回購全部H股（中集集團及其一致行動人士持有者除外）的 有條件現金要約 及建議H股自香港聯交所自願退市 H股回購要約現已可供接納 請按照要約文件(1)(3)所載指示進行操作 在首個截止日期接納H股回購要約的最後時間為 2024年5月2日（星期四）下午四時正 倘 閣下有意接納H股回購要約， 請填妥及交回接納表格。 臨時股東大會、H股類別股東大會及A股類別股東大會 將於2024年4月18日（星期四）下午二時五十分於中國廣東省深圳市南山區蛇口太子廣場18樓1803室舉 行，以批准H股回購要約及自願退市 遞交H股過戶文件以符合資格出席臨時股東大會及H股類別股東大會並於會上投票的最後時間為2024年 4月12日（星期五）下午四時三十分 就臨時股東大會及H股類別股東大會提交代表委任表格的最後時間為2024年4月17日（星期三）下午二 時五十分 無論 閣下是否能夠親身出席臨時股東大會及╱或H股類別股東大會，請根據代表委任表格上印列的指 示填妥並交回表格 有關 ...

证券代码：301039 证券简称：中集车辆 公告编号：2024-034 中集车辆（集团）股份有限公司 董事会同意公司拟根据香港《公司收购、及合并及股份回购守则》的规定向 公司全体 H 股股东派发《有关（1）由 UBS 代表中集车辆（集团）股份有限公司 作出以每股 H 股 7.5 港元的价格回购全部已发行 H 股（中集集团及其一致行动 方所持有者除外）的有条件现金要约；及（2）建议中集车辆（集团）股份有限 公司 H 股自香港联合交易所有限公司自愿退市的要约文件》（以下简称"要约文 件"）和附随的 H 股回购要约接纳表格、临时股东大会通告、H 股类别股东大会 通告、临时股东大会代表委任表格和 H 股类别股东大会代表委任表格，以及发 布关于派发要约文件的公告（以下统称"全套要约文件和公告"），并授权、同意、 批准和/或追认任何一名董事批准并作出（以及授权、同意、批准和/或追认任何 一名授权人士作出）其可能认为对全套要约文件和公告必要或适宜的任何进一 步修订，签署或向监管机构递交任何与 H 股回购要约及退市相关的文件，并且 安排派发或发布全套要约文件和公告。 全体董事根据香港《公司收购、合并及股份回购守则》的规定，对 ...

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this Form of Acceptance, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Form of Acceptance. 香港交易及結算所有限公司、香港聯合交易所有限公司及香港中央結算有限公司對本接納表格內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本 接納表格全部或 ...

证券代码：301039 证券简称：中集车辆 中集车辆（集团）股份有限公司 投资者关系活动记录表 编号：2024-02 投资者关系活 □特定对象调研 √分析师会议 动类别 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称 第一场，UBS电话会议： 及人员姓名 UBS、Pleiad Investment Advisors、Caravel Asset Management、Springs Capital共4家机构。 第二场，民生证券电话会议： 民生证券、源乐晟资管、博时基金、淳厚基金、方正富邦基 金、峰岚资产、富安达基金、富敦投资、恒越基金、弘毅远 方基金、汇丰晋信基金、汇泉基金、嘉合基金、摩根基金、 农银人寿、鹏华基金、浦银安盛基金、前海人寿保险、睿远 基金、五地投资、鑫元基金、长江证券资管、招商基金、中 金资管、中欧基金、中邮人寿保险等共34家机构。 ...

证券代码：301039 证券简称：中集车辆 中集车辆（集团）股份有限公司 投资者关系活动记录表 编号：2024-01 投资者关系活 □特定对象调研 √分析师会议 动类别 □媒体采访 √业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称 第一场，现场业绩发布会： 及人员姓名 大成基金、华泰证券、广发证券、国盛证券、国元国际、上 海久期投资、UBS、鹏华基金、国联证券、中信证券、景顺 长城、华安证券、粤民投私募基金、海通证券等14家机构 第二场，线上电话会： 中信证券、国寿养老、宁银理财、誉辉资本、永赢基金、东 兴证券、海富通基金、正圆投资、银华基金、中英人寿、山 西证券、中银国际、中信资管、禾永投资、淡水泉、渤海投 资、申万宏源、国泰基金、宽远资产、上海彤源投资、北信 瑞丰基金、源乐晟资产、上海混沌投资、北京柏治投资、英 ...

Financial Performance - CIMC Vehicles reported a revenue increase of 15% year-over-year, reaching RMB 5.2 billion for the fiscal year ending December 31, 2023[8]. - The company achieved a net profit of RMB 800 million, representing a 20% increase compared to the previous year[8]. - The company's operating revenue for 2023 was ¥25,086,577,013.05, a decrease of 6.21% compared to ¥23,620,612,415.36 in 2022[14]. - Operating profit increased significantly to ¥3,264,673,614.58, representing a growth of 121.69% from ¥1,472,638,520.24 in the previous year[14]. - Net profit attributable to shareholders was ¥2,455,670,702.61, marking a 119.66% increase compared to ¥1,117,958,345.49 in 2022[14]. - In 2023, the company achieved a revenue of RMB 25.087 billion and a net profit attributable to shareholders of RMB 2.456 billion, representing a significant year-on-year increase of 119.66%[23]. - The company reported a net profit margin of 9.76%, which is a 5.05% increase compared to 4.71% in the previous year[16]. - The gross profit margin improved to 18.96%, an increase of 5.68% from 13.28% in 2022[16]. - The company sold 139,015 vehicles globally during the reporting period, maintaining stable sales volume[40]. Investment and R&D - The company is investing RMB 200 million in R&D for new product development, focusing on electric and autonomous vehicles[8]. - The company has over 600 R&D personnel and more than 1,400 registered patents, highlighting its significant technological innovation capabilities[55]. - Research and development expenses grew by 29.76% to ¥396,517,482.31, indicating a focus on innovation and product development[69]. - The company is actively developing innovative products such as pure electric mining trucks and charging and swapping concrete mixers to capture opportunities in the new energy market[55]. - The company has established a digital supply chain center with over 1,000 registered suppliers, enhancing procurement efficiency and cost reduction[52]. Market Expansion and Strategy - CIMC Vehicles plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[8]. - The company aims to implement the "Star Chain Plan" to enhance production efficiency and achieve significant sales and profit growth[118]. - The company is focusing on high-quality development and innovation in the new energy specialized vehicle market, producing electric heavy-duty trucks and other innovative products[35]. - The company has identified the challenges of the "BANI" era and aims to enhance resilience and agility in its operations[27]. - The company aims to enhance its capabilities in dual-hitch vehicle product development and standard-setting, providing larger capacity transport solutions[70]. Financial Management and Position - The company's total assets reached ¥23,837,827,879.91, reflecting a year-on-year increase of 7.29% from ¥22,217,230,064.00[14]. - The company's total liabilities decreased by 5.26% to ¥8,390,734,423.03 from ¥8,856,749,164.71 in 2022[14]. - The cash flow from operating activities was ¥1,790,203,646.24, an increase of 55.14% compared to ¥1,153,907,516.02 in 2022[16]. - The company’s financial strategy includes maintaining liquidity and reducing debt levels to strengthen its financial position[150]. - The current ratio improved to approximately 2.1 times as of December 31, 2023, compared to 1.8 times in 2022, indicating better short-term financial health[154]. Corporate Governance and Compliance - The company will appoint KPMG as its new auditor for the financial year ending December 31, 2023, following the resignation of PwC[193]. - The company is currently under investigation by the U.S. Customs and Border Protection regarding anti-dumping duties, with the outcome expected by April 18, 2024[136]. - The company has not engaged in any major litigation or arbitration during the reporting period[191]. - The company emphasizes the importance of understanding the risks associated with forward-looking statements in the annual report[2]. Environmental and Social Responsibility - The company has implemented strict environmental protection measures and has not violated any significant environmental laws or regulations as of the report date[171]. - The company is focused on low-carbon, green manufacturing practices, aiming to enhance its high-end manufacturing system through automation and digitalization[141]. Future Outlook - The company aims to achieve significant growth in the semi-trailer business through the "Starlink Plan" from 2023 to 2025, targeting high revenue and production efficiency[128]. - The global economic growth rate forecast for 2024 by the International Monetary Fund is 3.1%, indicating a path towards economic soft landing amid inflation easing[112]. - The Chinese semi-trailer market is projected to maintain strong growth due to ongoing infrastructure development and rising consumer spending[113].

证券研究报告·公司点评报告·商用车 中集车辆（301039） 2023 年年报点评： Q4 业绩符合预期，星链 2024年 03月 22日 与海外业务稳步向上 证券分析师 黄细里 买入（维持） 执业证书：S0600520010001 021-60199793 盈[T 利ab 预le_ 测EP 与S 估] 值 2022A 2023A 2024E 2025E 2026E huangxl@dwzq.com.cn 证券分析师 杨惠冰 营业总收入（百万元） 23,621 25,087 27,328 32,320 36,356 执业证书：S0600523070004 同比 -14.57% 6.21% 8.94% 18.27% 12.49% yanghb@dwzq.com.cn 归母净利润（百万元） 1,118 2,456 1,417 1,677 1,971 同比 24.11% 119.66% -42.31% 18.34% 17.58% 股价走势 EPS-最新摊薄（元/股） 0.55 1.22 0.70 0.83 0.98 中集车辆 沪深300 P/E（现价&最新摊薄） 18.23 8.30 14.38 12.15 10. ...

Financial Performance - The company's operating revenue for the year ended December 31, 2023, was CNY 25,086,577,013.05, representing a 6.21% increase compared to CNY 23,620,612,415.36 in 2022[7]. - The net profit attributable to shareholders for the year was CNY 2,455,670,702.61, reflecting a 119.66% increase from CNY 1,117,958,345.49 in the previous year[8]. - The operating profit for 2023 was CNY 3,264,673,614.58, which is a significant increase of 121.69% compared to CNY 1,472,638,520.24 in 2022[8]. - The pre-tax profit for the year was CNY 3,260,764,615.46, up 121.10% from CNY 1,474,779,017.88 in the prior year[8]. - The company reported a net profit of CNY 2,447,760,943.76 for 2023, which is a 119.80% increase from CNY 1,113,607,065.25 in 2022[8]. - The income tax expense for the year was CNY 813,003,671.70, representing a 125.10% increase compared to CNY 361,171,952.63 in the previous year[8]. - Basic and diluted earnings per share increased by 121.82% to ¥1.22 in 2023 from ¥0.55 in 2022[11]. - The total comprehensive income for 2023 was RMB 2,697,413,059.31, significantly higher than RMB 1,314,508,506.26 in 2022[155]. Assets and Liabilities - Total current assets increased by 12.60% to ¥16,521,521,170.98 in 2023 from ¥14,673,352,881.19 in 2022[9]. - Total assets grew by 7.29% to ¥23,837,827,879.91 in 2023 from ¥22,217,230,064.00 in 2022[9]. - Total liabilities decreased by 5.26% to ¥8,390,734,423.03 in 2023 from ¥8,856,749,164.71 in 2022[9]. - The total equity attributable to shareholders increased by 16.61% to ¥14,808,858,146.86 in 2023 from ¥12,699,782,738.40 in 2022[9]. - The company's debt-to-equity ratio decreased to 4.1% from 7.6% as of December 31, 2022, primarily due to a reduction in total debt[139]. Cash Flow - Net cash flow from operating activities rose by 55.14% to ¥1,790,203,646.24 in 2023 compared to ¥1,153,907,516.02 in 2022[10]. - The net cash flow from operating activities for 2023 was negative at RMB (229,416,293.59), compared to a negative RMB (60,327,499.77) in 2022, indicating a significant decline in operational cash generation[159]. - The net cash flow from financing activities was negative at RMB (477,696,365.47) in 2023, contrasting with a positive RMB 217,995,830.82 in 2022, highlighting a shift in financing strategy[160]. - The net increase in cash and cash equivalents was ¥1,211,234,703.47, a significant increase of 10,290.29% compared to the previous year[84]. Shareholder Information - The company has no plans to distribute cash dividends or issue bonus shares for the 2023 fiscal year[2]. - The total number of shareholders at the end of the reporting period was 39,892, with 42,158 shareholders reported in the previous month[18]. - The company distributed RMB 605,280,000.00 to shareholders in 2023, compared to RMB 403,520,000.00 in 2022, indicating an increase of approximately 50% in shareholder distributions[165]. Market and Industry Insights - In 2023, China's GDP reached RMB 126.1 trillion, with a year-on-year growth of 5.2%[37]. - The total logistics volume in China reached RMB 352.4 trillion in 2023, also reflecting a year-on-year growth of 5.2%[38]. - The demand for semi-trailers in China is expected to increase, supported by an 8.7% year-on-year rise in road freight volume, which reached 4.034 billion tons in 2023[38]. - The company is the world's leading manufacturer of semi-trailers, ranked first in the Global Trailer's 2023 OEM rankings, maintaining this position for eleven consecutive years[41]. Research and Development - Research and development expenses for 2023 amounted to ¥396,517,482.31, representing 1.58% of operating revenue[82]. - The company has over 600 R&D personnel and more than 1,400 registered patents, indicating a strong commitment to innovation[67]. - The company is actively developing new energy products, including electric dump trucks and electric wide-body mining vehicles[59]. Risk Management - The company emphasizes the importance of understanding the risks associated with forward-looking statements regarding future development plans[2]. - The company manages foreign exchange risks through forward foreign exchange contracts, but remains exposed to potential currency fluctuations[131]. - The company is navigating international trade friction risks, particularly concerning an EAPA investigation related to its operations in North America[129]. Strategic Initiatives - The company has initiated its "Starlink Plan" to enhance production capabilities and adapt to the challenges of transitioning from high-speed growth to high-quality growth, focusing on resilience and quality over the next decade[113]. - The company plans to enhance its governance structure and executive team through the "Beidou Star Plan" as part of its strategic initiatives[71]. - The company is implementing low-carbon and green manufacturing practices, leveraging its "Lighthouse Manufacturing Network" for high-end manufacturing systems[133].

证券代码：301039 证券简称：中集车辆 公告编号：2024-031 中集车辆（集团）股份有限公司 关于与山东玲珑轮胎股份有限公司 2024 年度 日常关联交易预计的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、日常关联交易的基本情况 （一）日常关联交易概述 中集车辆（集团）股份有限公司（以下简称"公司"或"本公司"，与其控股子 公司合称"本集团"）因日常经营业务需要，与山东玲珑轮胎股份有限公司（以下 简称"玲珑轮胎"、证券代码：601966）发生关联交易。本集团预计 2024 年度向 玲珑轮胎采购轮胎总成以及收取渠道管理服务费。根据过往与玲珑轮胎的日常交 易情况判定，预计 2024 年度与玲珑轮胎发生日常关联交易金额为人民币 21,185.00 万元（不含税）。 冯宝春先生为公司第二届监事会非职工代表监事，冯宝春先生现任玲珑轮胎 董事、副总裁。根据《深圳证券交易所创业板股票上市规则》相关规定，玲珑轮 胎为本公司关联方。 本事项在董事会审批权限范围内，无需提交公司股东大会审议。本次关联交 易不构成《上市公司重大资产重组管理办法》规定的重大资产重组 ...

海通证券股份有限公司 关于中集车辆(集团)股份有限公司 4.是否不存在应予披露而未披露的重大事项 2023 年度定期现场检查报告 （二）核查公司内部审计部门和审计委员会的人员构成的合规性； （三）查阅公司内部审计部门出具的内部审计报告等相关文件； 1 | 保荐机构名称：海通证券股份有限公司 被保荐公司简称：中集车辆 | | --- | | 保荐代表人姓名：邬岳阳 联系电话：021-23187008 | | 保荐代表人姓名：袁先湧 联系电话：021-23187005 | | 现场检查人员姓名：袁先湧、金嘉诚 | | 年度 现场检查对应期间：2023 | | 现场检查时间：2024 年 月 日-2024 年 月 日 3 18 3 20 | | 一、现场检查事项 现场检查意见 | | （一）公司治理 是 否 不适用 | | 现场检查手段： | | （一）对上市公司董事、监事、高级管理人员及有关人员进行访谈； | | （二）察看上市公司的主要生产、经营、管理场所； | | （三）查阅公司相关三会文件，包括会议通知、议案、表决票、会议记录、决议等； | | （四）查阅并核查公司章程、三会规则及各项公司治理制度的具体内容 ...