【私募调研记录】星石投资调研福田汽车

Group 1 - Star Stone Investment conducted research on Foton Motor, which reported over 11,000 units of new energy heavy trucks sold from January to July 2025, representing a year-on-year growth of approximately 262% [1] - Foton Motor's overseas heavy truck sales reached nearly 16,000 units, with a year-on-year increase of over 150%, driven by efficient coordination of domestic and international resources and the introduction of high-end products [1] - The company plans to establish a dedicated organization to follow up on the Yaxia Hydropower Project, leveraging its strong brand recognition and comprehensive product line in the Tibet market [1] Group 2 - Star Stone Investment, established in 2007, is one of China's top private equity investment management companies and a pioneer in the domestic private equity sector [2] - The firm has won numerous awards, including the "Morningstar China Hedge Fund Award" and the "China Private Equity Golden Bull Award," showcasing its strong investment capabilities [2] - Star Stone Investment employs a multi-manager responsibility system under the leadership of an investment decision committee, allowing for a broader exploration of quality investment targets [2]