独立董事候选人声明与承诺 本人 黎韦清 , 已充分了解并同意由提名人北汽福田汽车股 份有限公司董事会提名为北汽福田汽车股份有限公司第十届董事 会独立董事候选人。本人公开声明，本人具备独立董事任职资格, 保证不存在任何影响本人担任北汽福田汽车股份有限公司独立董 事独立性的关系，具体声明并承诺如下： 一、本人具备上市公司运作的基本知识,熟悉相关法律、行政 法规、部门规章及其他规范性文件，具有 5 年以上法律、经济、 会计、财务、管理或者其他履行独立董事职责所必需的工作经验。 被提名人已经参加培训并取得证券交易所认可的相关培训证 明材料。 二、本人任职资格符合下列法律、行政法规和部门规章以及公 司规章的要求: (一)《中华人民共和国公司法》关于董事任职资格的规定; (二)《中华人民共和国公务员法》关于公务员兼任职务的规 定(如适用); (三)中国证监会《上市公司独立董事管理办法》、上海证券 交易所自律监管规则以及公司章程有关独立董事任职资格和条件 的相关规定; (四)中共中央纪委、中共中央组织部《关于规范中管干部辞 去公职或者退（离）休后担任上市公司、基金管理公司独立董事、 独立监事的通知》的规定（如适用） (五) ...

独立董事候选人声明与承诺 本人_李亚_,已充分了解并同意由提名人北汽福田汽车股份 有限公司董事会提名为北汽福田汽车股份有限公司第十届董事会 独立董事候选人。本人公开声明,本人具备独立董事任职资格, 保证不存在任何影响本人担任北汽福田汽车股份有限公司独立董 事独立性的关系,具体声明并承诺如下: (一)《中华人民共和国公司法》关于董事任职资格的规定: (二)《中华人民共和国公务员法》关于公务员兼任职务的规 定(如适用); (三)中国证监会《上市公司独立董事管理办法》、上海证券 交易所自律监管规则以及公司章程有关独立董事任职资格和条件 的相关规定; (四)中共中央纪委、中共中央组织部《关于规范中管干部 辞去公职或者退(离)休后担任上市公司、基金管理公司独立董 事、独立监事的通知》的规定(如适用): (五)中共中央组织部《关于进一步规范党政领导干部在企 一、本人具备上市公司运作的基本知识,熟悉相关法律、行 政法规、部门规章及其他规范性文件,具有5年以上法律、经济、 会计、财务、管理或者其他履行独立董事职责所必需的工作经验。 被提名人已经参加培训并取得证券交易所认可的相关培训证 明材料。 二、本人任职资格符合下列法律、 ...

独立董事候选人声明与承诺 本人 刘亭立 , 已充分了解并同意由提名人北汽福田汽车股 份有限公司董事会提名为北汽福田汽车股份有限公司第十届董事 会独立董事候选人。本人公开声明，本人具备独立董事任职资格, 保证不存在任何影响本人担任北汽福田汽车股份有限公司独立董 事独立性的关系，具体声明并承诺如下： 一、本人具备上市公司运作的基本知识,熟悉相关法律、行政 法规、部门规章及其他规范性文件，具有 5 年以上法律、经济、 会计、财务、管理或者其他履行独立董事职责所必需的工作经验。 被提名人已经参加培训并取得证券交易所认可的相关培训证 明材料。 (一)《中华人民共和国公司法》关于董事任职资格的规定; (二)《中华人民共和国公务员法》关于公务员兼任职务的规 定(如适用); (三)中国证监会《上市公司独立董事管理办法》、上海证券 交易所自律监管规则以及公司章程有关独立董事任职资格和条件 的相关规定; (四)中共中央纪委、中共中央组织部《关于规范中管干部辞 去公职或者退（离）休后担任上市公司、基金管理公司独立董事、 独立监事的通知》的规定（如适用）; (五)中共中央组织部《关于进一步规范党政领导干部在企业 l 兼职（任职）问题 ...

证券代码：600166 证券简称：福田汽车 公告编号：2025-085 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 召开会议的基本情况 (一)股东会类型和届次 北汽福田汽车股份有限公司 关于召开2025年第八次临时股东会的通知 2025年第八次临时股东会 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 12 月 11 日 11 点 00 分 至2025 年 12 月 11 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 股东会召开日期：2025年12月11日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 ...

证券代码：600166 证券简称：福田汽车 编号：临 2025—083 北汽福田汽车股份有限公司 董事会决议公告 公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并 对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 2025 年 11 月 14 日，公司以电子邮件和专人送达的方式，向全体董事发出了《关于 召开通讯董事会的通知》及《关于董事会换届选举暨提名第十届董事会非独立董事候选 人的议案》《关于董事会换届选举暨提名第十届董事会独立董事候选人的议案》《关于制 定<董事、高级管理人员离职管理制度>及<内部审计工作制度>的议案》《关于修订<公司 章程>的议案》《关于召开 2025 年第八次临时股东会的议案》。本次会议以通讯表决的方 式召开，应出席董事 11 名，实际出席董事 11 名。会议的召集召开符合《公司法》和《公 司章程》的规定。 二、董事会会议审议情况 （一）《关于董事会换届选举暨提名第十届董事会非独立董事候选人的议案》 公司董事会提名委员会召开会议，对该议案发表了同意意见。 截至 2025 年 11 月 24 日，共收到有效表决票 11 张。董事会以 ...

Core Viewpoint - The 2025 China Automotive Supply Chain Conference aims to explore the future of the automotive industry through collaboration among government, industry, academia, and research institutions, focusing on innovation and transformation in the supply chain [4][28]. Event Overview - The conference will take place from November 24 to 26, 2025, in Wuhu, China, featuring over 500 industry elites discussing the "14th Five-Year Plan" [2][4]. - The event includes various thematic meetings addressing key topics such as intelligent cockpit systems, automotive parts development, thermal management technologies, and intelligent chassis systems [10][15][21][29]. Thematic Meetings Intelligent Cockpit Systems - The first thematic meeting will cover the development and trends of intelligent cockpit systems, featuring presentations from industry leaders such as Chery Automobile and Beidou Zhihui Technology [12][13]. - Topics include AI's impact on cockpit systems, localization challenges for intelligent cockpit exports, and innovations in cockpit connectivity solutions [12][13]. Automotive Parts Development and Transformation - The second thematic meeting will focus on the evolution of automotive parts under the dual trends of intelligence and electrification, with insights from companies like CRRC and JD Group [19][20]. - Discussions will include the transformation paths for core automotive components and the integration of supply chains [19][20]. Thermal Management Technologies - The third thematic meeting will address key technologies in automotive thermal systems, featuring research from universities and companies on CO2 thermal management systems and alternative refrigerants [24][26]. - Presentations will cover challenges in developing thermal management systems and innovations in heat exchange technologies [24][26]. Intelligent Chassis Systems - The fourth thematic meeting will explore the collaborative development of intelligent chassis systems, with discussions on software-defined chassis solutions and key technologies in steering systems [30][32]. - Industry experts will share insights on the future of chassis technology and its integration with intelligent systems [30][32].

Investment Rating - The industry investment rating is "Buy" for the recommended companies Yutong and King Long [3][4]. Core Insights - The bus industry is expected to benefit from China's automotive manufacturing becoming a global leader in technology output, with overseas market contributions potentially recreating a market equivalent to China within 3-5 years [2]. - The domestic market has seen a recovery in demand, with expectations for a year-end surge in sales driven by tourism recovery and bus replacement needs [2]. - The absence of price wars in the domestic market is anticipated to support profitability, alongside a favorable oligopoly market structure and decreasing lithium carbonate costs [6]. Summary by Sections Industry Overview - In October 2025, the overall production of the bus industry in China was 50,000 units, with year-on-year growth of 13.2% and month-on-month decline of 8.8% [9][10]. - The wholesale volume for the same month was also 50,000 units, reflecting a year-on-year increase of 14.96% and a month-on-month increase of 3% [9][10]. - The terminal sales for buses reached 47,000 units, with a year-on-year increase of 8.73% but a month-on-month decline of 17.84% [14]. Company Performance - Yutong is recognized as a "model student" with high growth and dividend attributes, with projected net profits of 4.63 billion, 5.52 billion, and 6.68 billion yuan for 2025-2027, representing year-on-year growth of 12%, 19%, and 21% respectively [4]. - King Long is noted for its rapid progress, with projected net profits of 440 million, 640 million, and 830 million yuan for 2025-2027, showing significant year-on-year growth of 182%, 45%, and 28% respectively [4]. Market Dynamics - The domestic bus market is characterized by a stable market share for leading companies, with Yutong and King Long maintaining significant positions [31]. - In October, Yutong's domestic bus sales were 404 units with a market share of 11.5%, while King Long sold 1,111 units with a market share of 31.6% [31]. - The export market for buses saw a total of 3,845 units in October, with a year-on-year increase of 10% but a month-on-month decline of 31% [40].

Market Overview - The commercial vehicle sector increased by 1.56% on November 24, with Jinlong Automobile leading the gains [1] - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1] Stock Performance - Jinlong Automobile (600686) closed at 15.50, up 10.01% with a trading volume of 267,200 shares and a turnover of 266.6 million [1] - Yutong Bus (600066) closed at 31.42, up 2.71% with a trading volume of 136,100 shares and a turnover of 4.25 billion [1] - Ankai Bus (000868) closed at 5.18, up 1.97% with a trading volume of 107,500 shares and a turnover of 55.29 million [1] - Dongfeng Motor (600006) closed at 7.49, up 1.90% with a trading volume of 345,700 shares and a turnover of 257 million [1] - Other notable performances include: - JAC Motors (600418) at 48.89, up 1.31% [1] - Foton Motor (600166) at 2.77, up 0.73% [1] Capital Flow - The commercial vehicle sector saw a net inflow of 105 million from institutional investors, while retail investors experienced a net outflow of 80.64 million [2] - The main capital flow details include: - JAC Motors had a net inflow of 181.01 million, accounting for 4.95% of the total [3] - Jinlong Automobile had a net inflow of 39.13 million, accounting for 9.81% [3] - Foton Motor experienced a net outflow of 14.29 million, with a net inflow from retail investors of 9.27 million [3]

Core Insights - In October 2025, China's overall sales of new energy heavy trucks remained above 20,000 units, with significant variations in the performance of different segments [1][3]. Sales Performance - A total of 20,100 new energy heavy trucks were sold in October 2025, representing a year-on-year increase of 144%. The breakdown includes 19,700 pure electric trucks, 221 fuel cell trucks, and 152 hybrid trucks, with respective year-on-year growth rates of 191%, -57%, and 103% [3][5]. - The sales of fuel cell trucks saw a significant decline, with a month-on-month drop of 61% and a year-on-year decrease of 57%. In contrast, hybrid trucks experienced a year-on-year increase of 103% [5][9]. Market Share Analysis - From January to October 2025, fuel cell and hybrid trucks accounted for only 1.58% and 0.55% of the new energy heavy truck market, respectively, totaling just 2.13%. The remaining 97.87% were pure electric models, indicating a growing dominance of pure electric trucks compared to previous years [6][12]. - The competition among fuel cell truck manufacturers is intense, with 17 players in the market as of October 2025, down from 23 the previous year. Only 12 companies achieved double-digit sales [12][16]. Manufacturer Performance - In October, Dongfeng led the fuel cell truck sales with 110 units, followed by SANY with 75 units and XCMG with 30 units. The overall market for fuel cell trucks is characterized by a stark contrast in performance among manufacturers, with some experiencing significant growth while others faced steep declines [9][12]. - SANY surpassed Heavy Truck in cumulative sales, ranking first with 648 units sold and a market share of 26.05%. Heavy Truck followed closely with 592 units and a 23.79% market share. Dongfeng's market share reached 20.78%, reflecting a notable increase from the previous year [16].

Core Insights - The new flagship model, the Enjoy S9, has been launched, aiming to revitalize the luxury sedan market priced above 300,000 yuan [1] - Huawei's Executive Director, Yu Chengdong, highlighted six major upgrades in luxury, intelligence, driving control, and safety, which are expected to reshape the luxury car landscape [1] Group 1: Product Features - The Enjoy S9 is equipped with Huawei's top-tier technology, including the new Huawei Tuling platform and the Huawei Qiankun Intelligent Driving ADS4 [1] - Additional features include a new smart electric door, new Nebula tail lights, Harmony ALPS health cabin, rear zero-gravity seats, Huawei's million-pixel smart projection headlights, and the Huawei Yuezhan audio excellence series [1] Group 2: Market Strategy - The partnership between BAIC and Huawei has established a product matrix for the Enjoy brand, targeting the high-end car market with the "Flagship 9 Series Twins" [1] - BAIC plans to invest 20 billion yuan to fully develop the Enjoy brand, focusing on a comprehensive product lineup that offers new intelligence, aesthetics, scenarios, and experiences for users [1]