NEW POWER(SZ:300152) Yang Shi Wang·2025-10-15 09:06Core Insights - China's goods trade import and export reached 33.61 trillion yuan in the first three quarters of 2025, with a year-on-year growth of 4% [1] - Exports grew over 7% in the first three quarters, marking eight consecutive quarters of growth [1] - The manufacturing sector has seen continuous export growth for eight years [1] Group 1: Automotive Exports - The automotive sector, particularly new energy vehicles, has shown remarkable export performance [2] - The Waigaoqiao Port in Shanghai has been a key hub, with over one million vehicles exported annually for four consecutive years [3][11] - The port has a capacity to handle over 100,000 vehicles annually, with 129.8 million vehicles exported in 2024 [11] Group 2: Logistics and Shipping - Shanghai Automotive Group operates the largest self-owned logistics fleet in China, with 39 roll-on/roll-off ships [9] - A new ship launched in May 2025 set a record with a capacity of 9,500 vehicles [9] - The roll-on/roll-off ships are designed for efficient loading and unloading of vehicles, enhancing export capabilities [7] Group 3: Emerging Industries - The "new three items" (new energy vehicles, lithium batteries, solar cells) have become significant export products, with exports exceeding 900 billion yuan in the first three quarters of 2025, a 20% increase year-on-year [13][15] - China has become the world's largest producer of new energy vehicles, with annual production surpassing 10 million units [15] Group 4: Trade with Belt and Road Countries - In the first three quarters of 2025, trade with Belt and Road countries reached 17.37 trillion yuan, a 6.2% increase [18] - ASEAN remains China's largest trading partner, with trade volume reaching 5.57 trillion yuan, up 9.6% [18]