截至发稿，中集车辆市值为184亿元。 每经AI快讯，中集车辆（SZ 301039，收盘价：9.8元）11月13日晚间发布公告称，公司第三届2025年第 八次董事会会议于2025年11月13日以通讯会议的方式召开。会议审议了《关于向全资子公司江苏宝京汽 车部件有限公司增资的议案》等文件。 2024年1至12月份，中集车辆的营业收入构成为：道路运输占比100.0%。 （记者 曾健辉） 每经头条（nbdtoutiao）——对美出口下滑到7年前水平，我国出口总额却创历史新高，"新三样"变 成"新N样" ...

格隆汇11月13日丨中集车辆(301039.SZ)公布，根据公司未来经营计划与发展战略，本公司以自有资金 向江苏宝京汽车部件有限公司（简称"江苏宝京"）增资1亿元人民币，增资款将用于提升"唯有星链"行 走机构模块的保供能力。本次增资完成后，江苏宝京的注册资本将由11,545.6万元人民币增加至21,545.6 万元人民币，仍为本公司的全资子公司。 ...

证券代码：301039 证券简称：中集车辆 公告编号：2025-053 中集车辆（集团）股份有限公司 关于参加 2025 年度深圳辖区上市公司投资者 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，中集车辆（集团）股份有限公司（以下 简称"公司"）将参加由深圳证监局和中证中小投资者服务中心指导、深圳上市公 司协会与深圳市全景网络有限公司联合举办的"2025年度深圳辖区上市公司投资 者网上集体接待日活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演APP，参 与本次互动交流，活动时间为2025年11月20日（周四）14:30-17:00。届时公司首 席财务官占锐先生、董事会秘书王佳慧女士及投资者关系团队将在线就公司业绩、 公司治理、发展战略、经营状况和可持续发展等投资者关心的问题，与投资者进 行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告。 中集车辆（集团）股份有限公司 董事 ...

证券代码：301039 证券简称：中集车辆 公告编号：2025-052 中集车辆（集团）股份有限公司 公司董事会战略与投资委员会已审议通过该议案。 第三届董事会 2025 年第八次会议决议公告 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、董事会会议召开情况 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年第八次会议通知于2025年11月10日以电子邮件的方式发出，于2025年11 月13日以通讯会议的方式召开。会议应出席董事9名，实际出席董事9名。会议由 董事长李贵平先生主持。本次会议的召开符合《中华人民共和国公司法》等有关 法律法规和《公司章程》的规定。 二、董事会会议审议情况 经与会董事审议，会议通过了以下议案： 1、审议通过《关于向全资子公司江苏宝京汽车部件有限公司增资的议案》 同意根据公司未来经营计划与发展战略，本公司以自有资金向江苏宝京汽车 部件有限公司（以下简称"江苏宝京"）增资 1 亿元人民币，增资款将用于提升"唯 有星链"行走机构模块的保供能力。本次增资完成后，江苏宝京的注册资本将由 11,545.6 ...

Core Viewpoint - The future of the heavy-duty truck industry lies not merely in the transition from 'oil' to 'electric' but in the comprehensive construction of an EVRT ecosystem that integrates 'pure electric head-mounted trains + operational support stations' [1][4] Industry Trends - The number of new energy commercial vehicles at the 2025 China International Commercial Vehicle Exhibition significantly exceeded that of fuel vehicles, indicating a shift towards new energy as a dominant theme [1] - From January to September this year, China's commercial vehicle sales reached 3.117 million units, a year-on-year increase of 7.8%, with new energy commercial vehicle sales reaching 566,000 units, up 61.4% year-on-year [1] Factors Driving Growth - The increase in new energy commercial vehicle penetration is attributed to three main factors: 1. Subsidy policies favoring new energy vehicles, with updates providing 40%-75% higher subsidies compared to fuel or natural gas vehicles [1] 2. Decreased prices and flexible marketing strategies from manufacturers, leading to a significant reduction in the price gap between new energy and fuel vehicles [1] 3. Changes in the supply-demand relationship in the transportation market, where the comprehensive benefits of electric vehicles in suitable scenarios have become more apparent [1] Systemic Challenges - The industry faces three systemic challenges: 1. Technical bottlenecks, homogenized competition, and cost issues, leading to a price war and limitations in energy efficiency, power, and safety due to fragmented system designs [3] 2. Insufficient support systems causing range anxiety and concerns over vehicle utilization rates, with inadequate charging infrastructure and a lack of coordination between charging networks and vehicle operation routes [3] 3. Unmet user lifecycle value demands, with traditional sales models failing to address the full lifecycle needs of customers and challenges in battery lifespan and asset residual value management [3] Proposed Solutions - To address these challenges, the industry must focus on an ecological revolution rather than merely adding technology, emphasizing the construction of an EVRT ecosystem based on total cost of ownership (TCO) and user experience [4]

Core Insights - The 2025 China International Commercial Vehicle Show (CCVS) was held in Wuhan, showcasing CIMC Vehicles' (中集车辆) commitment to high-quality development with a theme of "Only Star Link" [1] - CIMC Vehicles presented 19 flagship products across three major exhibition areas, totaling over 2,600 square meters, highlighting the company's latest achievements and future plans [1][2] Group 1: Company Strategy and Vision - CIMC Vehicles' Chairman and CEO, Li Guiping, reviewed the "Star Link Plan" and its current achievements, emphasizing the focus on high-quality development and the establishment of a modern industrial system [2] - The company aims to evolve into a "full value chain operator" in both the national unified market and global southern markets, accelerating the construction of a new development pattern for "going global" [2] Group 2: Product Innovations - CIMC Vehicles launched the "Only Star Link" semi-trailer model for 2026, focusing on specific scene demands with the "European Champion M" series liquid food transport tankers, which integrate advanced European technology and materials science [2] - The "Starry Storm" vehicle transport vehicle was introduced in response to the 2025 Vehicle Transport Vehicle Special Governance Action Plan, designed to provide compliant, efficient, safe, and worry-free transport solutions [2] Group 3: Electric Vehicle Solutions - The company globally unveiled a complete solution for engineering-type pure electric head-mounted trains, including a fully developed electric semi-trailer product platform and the world's first "head-mounted integration" collaborative platform architecture [3] - Li Guiping stated that the industry's future lies not merely in replacing fuel with electricity but in creating an ecosystem centered around user experience, considering the total cost of ownership (TCO) of the EVRT [3]

Core Insights - The commercial vehicle sector saw a rise of 1.62% on November 12, with Jianghuai Automobile leading the gains [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Commercial Vehicle Sector Performance - Jianghuai Automobile (600418) closed at 48.76, up 5.63% with a trading volume of 795,300 shares [1] - Yutong Bus (600066) closed at 31.76, up 1.02% with a trading volume of 99,500 shares [1] - King Long Automobile (600686) closed at 60.51, up 0.27% with a trading volume of 167,500 shares [1] - Foton Motor (600166) remained unchanged at 2.92 with a trading volume of 974,000 shares [1] - Zhongtong Bus (000957) closed at 11.44, down 0.26% with a trading volume of 131,300 shares [1] - JMC (000550) closed at 19.47, down 0.31% with a trading volume of 20,000 shares [1] - FAW Jiefang (000800) closed at 7.31, down 0.54% with a trading volume of 197,500 shares [1] - China National Heavy Duty Truck Group (000951) closed at 18.11, down 0.66% with a trading volume of 90,200 shares [1] - Ankai Bus (000868) closed at 5.42, down 0.73% with a trading volume of 146,100 shares [1] - Zhongjun Vehicle (301039) closed at 9.71, down 0.92% with a trading volume of 87,100 shares [1] Fund Flow Analysis - The commercial vehicle sector experienced a net inflow of 389 million yuan from institutional investors, while retail investors saw a net outflow of 144 million yuan [2] - The main funds showed a significant net inflow into Jianghuai Automobile, amounting to 541 million yuan, while retail investors had a net outflow of 243 million yuan [3] - FAW Jiefang had a net inflow of 11.89 million yuan from main funds, with retail investors contributing a net inflow of 6.81 million yuan [3] - Ankai Bus saw a net inflow of 5.85 million yuan from main funds, but a net outflow of 11.61 million yuan from retail investors [3] - Zhongtong Bus had a net outflow of 7.69 million yuan from main funds, while retail investors contributed a net inflow of 393,200 yuan [3]

Core Viewpoint - The company, CIMC Vehicles, is a leading manufacturer in the specialized vehicle sector, particularly in semi-trailers and refrigerated vehicles, with a focus on hydrogen energy and cold chain logistics [2][6]. Company Overview - CIMC Vehicles is the world's largest semi-trailer manufacturer, with a significant market presence in China, North America, Europe, and other regions, producing seven categories of semi-trailers [2][6]. - The company was established on August 29, 1996, and went public on July 8, 2021, with its main business activities including the production of semi-trailers, specialized vehicle superstructures, and refrigerated vehicle bodies [6]. Financial Performance - For the period from January to September 2025, CIMC Vehicles reported a revenue of 15.012 billion yuan, a year-on-year decrease of 5.13%, and a net profit attributable to shareholders of 622 million yuan, down 26.23% year-on-year [6][7]. - The company's revenue composition includes 80.61% from semi-trailers, 17.14% from superstructures, chassis, and tractors, and 2.25% from other sources [6]. Market Activity - On November 12, the stock price of CIMC Vehicles fell by 0.92%, with a trading volume of 84.8659 million yuan and a turnover rate of 0.60%, resulting in a total market capitalization of 18.198 billion yuan [1]. - The company has seen a net outflow of 988,500 yuan from major funds today, with a ranking of 5 out of 13 in its industry, indicating a trend of reduced holdings by major investors over the past three days [3][4]. Strategic Developments - CIMC Vehicles has launched hydrogen energy refrigerated vehicle products in response to customer demand, aligning with trends in hydrogen energy and cold chain logistics [2]. - The company signed a cooperation framework agreement with Huawei's Luoyang New Infrastructure Development Center to work on digital transformation and intelligent upgrades [2].

Core Points - The commercial vehicle sector experienced a decline of 1.11% on November 11, with Jianghuai Automobile leading the drop [1] - The Shanghai Composite Index closed at 4002.76, down 0.39%, while the Shenzhen Component Index closed at 13289.0, down 1.03% [1] Commercial Vehicle Sector Performance - The following companies showed notable performance: - Shuguang Co., Ltd. (600303) closed at 3.96, up 2.06% with a trading volume of 275,900 shares and a transaction value of 108 million [1] - Hanma Technology (600375) closed at 7.19, up 1.41% with a trading volume of 469,100 shares and a transaction value of 335 million [1] - Foton Motor (600166) closed at 2.92, up 1.39% with a trading volume of 1,609,800 shares and a transaction value of 470 million [1] - Dongfeng Motor (600006) closed at 7.85, up 1.03% with a trading volume of 331,400 shares and a transaction value of 258 million [1] - Jianghuai Automobile (600418) closed at 46.16, down 3.19% with a trading volume of 413,700 shares and a transaction value of 1.927 billion [2] Fund Flow Analysis - The commercial vehicle sector saw a net outflow of 360 million from institutional investors, while retail investors contributed a net inflow of 261 million [2] - The following companies had significant fund flows: - Foton Motor (600166) had a net inflow of 39.94 million from institutional investors, but a net outflow of 43.89 million from retail investors [3] - Hanma Technology (600375) had a net inflow of 13.05 million from institutional investors, with retail investors contributing a net inflow of 0.62 million [3] - Dongfeng Motor (600006) had a net inflow of 9.45 million from institutional investors, but a net outflow of 12.84 million from retail investors [3]

Core Viewpoint - The 2025 China International Commercial Vehicle Show (CCVS) in Wuhan showcased CIMC Vehicles' commitment to high-quality development through the launch of 19 key products and innovative solutions in logistics and transportation [1][3]. Group 1: Company Developments - CIMC Vehicles emphasized its strategy to evolve into a "full value chain operator" in response to the national unified market and global southern markets [3]. - The launch of the "Only Star Link" semi-trailer for 2026 reflects CIMC Vehicles' technological capabilities and its vision for the future of the industry, focusing on efficient, green, and intelligent logistics [5]. - The company introduced the "Euro Champion M" series liquid food transport tankers, which integrate advanced European technology and materials science, providing a comprehensive solution for food safety and efficient transport [5]. Group 2: Industry Innovations - CIMC Vehicles initiated the Liquid Food Transport Industry Chain Ecological Safety Collaborative Development Alliance, aiming to create a closed-loop system for safe and standardized transport of liquid food [7]. - The global debut of the engineering-type pure electric head-mounted train solution showcases CIMC Vehicles' commitment to green transformation in the industry, addressing customer needs across the entire value chain [7]. - The joint display with Shaanxi Automobile highlighted innovations in integrated commercial vehicles, particularly the new energy integrated cold chain transport vehicle, showcasing forward-looking strategies in green logistics [9]. Group 3: Future Vision - The three main exhibition areas—brand leadership, technological empowerment, and value co-creation—form a cohesive "Star Link" ecosystem, redefining operational methods in the logistics industry [11]. - CIMC Vehicles aims to drive the commercial vehicle industry towards higher quality, efficiency, and sustainability, adopting a more open and innovative approach [11].