研报掘金丨开源证券：首予中通客车“买入”评级，看好公司长期发展

Core Viewpoint - Zhongtong Bus is one of the earliest bus manufacturers and publicly listed companies in China, with a comprehensive product system comprising over 140 varieties, covering pure electric, hybrid, and fuel-powered vehicles [1] Group 1: Company Overview - The company has achieved a cumulative promotion of over 100,000 new energy buses, which are sold in more than 100 countries and regions worldwide [1] - The actual controller of the company is Shandong Heavy Industry Group, which provides a strong state-owned background for support [1] Group 2: Business Outlook - The company's overseas business continues to break through, and the proportion of new energy and medium-to-large buses is expected to increase, potentially driving both volume and price growth in the bus business [1] - The company is viewed positively for its long-term development, with an initial coverage rating of "Buy" [1]