证券研究报告·公司点评报告·汽车服务 中国汽研（601965） 2025 中报点评：传统检测业务收入略降，业 绩略低预期 买入（维持） | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 4,096 | 4,697 | 5,471 | 6,997 | 8,388 | | 同比（%） | 24.48 | 14.65 | 16.50 | 27.88 | 19.88 | | 归母净利润（百万元） | 836.17 | 907.78 | 1,113.61 | 1,393.54 | 1,717.02 | | 同比（%） | 21.33 | 8.56 | 22.67 | 25.14 | 23.21 | | EPS-最新摊薄（元/股） | 0.83 | 0.91 | 1.11 | 1.39 | 1.71 | | P/E（现价&最新摊薄） | 22.97 | 21.16 | 17.25 | 13.78 | 11.19 | [Table_Tag] ...

中青报·中青网见习记者 席聪聪 记者 郭韶明 从"中国车谷"迈向"世界车谷"，武汉经开区正凭借其雄厚的产业基础与持续的创新活力，加速驶向全球 汽车产业新高地。 位于武汉市西南方向的武汉经开区，不仅是以武汉、襄阳、十堰、随州四市为核心的国家级汽车产业集 群的龙头，更是全国重要的汽车产业集聚区、国家新能源与智能网联汽车基地，目前已集聚10家整车企 业、14座整车工厂及1400多家零部件企业，年均整车产销近百万辆，被誉为"中国车谷"。 8月25日下午，记者参加2025年"活力中国调研行"主题采访时来到这里。据了解，今年以来，武汉经开 区抢抓"以旧换新"政策机遇，充分发挥产业优势，全力支持东风汽车等龙头企业加快投放新能源汽车新 品，激发新能源汽车消费潜力，培育汽车消费新增长点。 在武汉经 "岚图坚持科技自立自强，掌握智能网联新能源汽车关键核心技术。"岚图汽车科技有限公司办公室讲解 员黄鑫毅介绍，公司在新能源整车平台、电子电气架构、车身、底盘等领域行业领先。其武汉工厂是国 家级智能制造示范工厂，实现5G＋工业互联网全覆盖，四款车型混流生产，平均每118秒即可下线一辆 整车。 "中国车谷"不断完善的全产业链，为岚图这样的 ...

Group 1 - The 2025 Fortune China 500 list ranks State Grid Corporation at the top with a revenue of $548.41 billion, followed by China National Petroleum and China Petroleum & Chemical with revenues of $412.65 billion and $407.49 billion respectively [1][2] - Hubei province has 9 companies on the list, maintaining the same number as in 2024, with a total revenue of $147.01 billion, an increase of $15.38 billion or 11.69% year-on-year [1][3] Group 2 - The 9 companies from Hubei include Dongfeng Motor Group ($51.31 billion, rank 73), Zall Smart ($22.57 billion, rank 160), Hubei Lian Investment Group ($21.10 billion, rank 164), and others, with 5 companies showing improved rankings [2][3] - Hubei Lian Investment is the only new entrant this year, while Tianmao Group dropped off the list. Five companies improved their rankings significantly, with Zall Smart rising 22 places and Wenta Technology rising 46 places [3][4] Group 3 - The revenue threshold for the 2025 list is approximately $3.62 billion, a decrease of about 3% from 2024 [4] - The total revenue of the 500 companies on the list is about $14.2 trillion, a decrease of approximately 2.7% from the previous year, while net profit increased by about 7% to $756.4 billion [3][4] Group 4 - Dongfeng Motor is focusing on new energy and intelligent connected vehicles, aiming for rapid revenue growth and improved profitability [5][6] - YF Communication is expanding into strategic emerging industries like network security and AI, achieving breakthroughs in radiation-resistant fiber optic cables [5][6] - Hubei Lian Investment is enhancing its core competitiveness through innovation in fine chemicals, new materials, and new energy, reporting significant revenue and profit growth in the first half of 2025 [6][7] - Jiuzhoutong is transforming its development strategy to enhance its position as a leading pharmaceutical distributor, emphasizing legal and risk management for sustainable growth [7] - Huaxin Cement is a major supplier for large hydropower projects, having supplied over 2 million tons of cement, showcasing its high-quality products in significant infrastructure projects [7]

Core Viewpoint - The 2025 National New Energy and Intelligent Connected Vehicle Supply Chain Exhibition is set to take place from August 27-29, 2025, in Tianjin, attracting significant attention from the industry as the automotive sector rapidly transitions towards new energy and intelligent connectivity [1][3]. Group 1: Exhibition Overview - The exhibition will cover an area exceeding 30,000 square meters and aims to invite 500 enterprises while attracting 20,000 professional visitors [3]. - Multiple themed display areas will be set up, showcasing various aspects of the new energy and intelligent connected vehicle supply chain, including advanced vehicle technology, testing and quality control, electronic systems, electric drives, batteries, charging, power systems, chassis systems, manufacturing equipment, and intelligent robotics [3]. Group 2: Industry Engagement - The "Industry Procurement Matching Conference and Large Brand Manufacturer Meeting" will feature over 20 major brand manufacturers, including electric motorcycle manufacturers like Yadi and Baodao, facilitating direct dialogue between manufacturers and suppliers [5][6]. - The event aims to create a one-stop automotive supply chain procurement platform, offering various exclusive benefits to buyers, such as transportation subsidies, early registration perks, and a comfortable negotiation environment [5]. Group 3: Impact on the Industry - The participation of over 20 major electric vehicle and motorcycle manufacturers is expected to optimize supply chains, reduce costs, and provide opportunities for small and medium-sized enterprises to enter the supply chains of leading companies, thus promoting industry ecosystem upgrades [6]. - The exhibition will serve as a platform for sharing cutting-edge technological achievements, addressing technical challenges, and fostering collaborative research and development, accelerating the pace of technological innovation [6]. - The involvement of major manufacturers will enhance the market influence of the exhibition, creating more market opportunities and contributing to the establishment and optimization of industry standards, ultimately promoting sustainable development within the sector [6].