证券日报网讯 1月21日，海马汽车在互动平台回答投资者提问时表示，公司氢能汽车7X-H已在海南投 放50台开展示范运营，累计行驶里程突破150万公里，验证了产品的可靠性与安全性，目前仍处于示范 运营阶段。出口方面，公司将深度利用自贸港政策，将海南基地打造为面向"一带一路"市场的出口枢 纽，并稳步提升出口业务规模。产能方面，海口氢能专线正按计划推进示范运营；海马EX00系列产品 定位为B端定制出行产品，包括充电、换电两种版本，目前已有部分充电版车型交付合作伙伴使用。公 司作为海南唯一整车企业，将抓住封关历史机遇，助力产业发展并规划自身布局。若有达到披露标准的 合作事项，公司将严格按照规定及时履行信息披露义务。 （编辑 楚丽君） ...

（原标题：海马汽车(000572.SZ)：公司氢能汽车7X-H已在海南投放50台开展示范运营） 格隆汇1月21日丨海马汽车(000572.SZ)在投资者互动平台表示，公司氢能汽车7X-H已在海南投放50台开 展示范运营，累计行驶里程突破150万公里，验证了产品的可靠性与安全性，目前仍处于示范运营阶 段。出口方面，公司将深度利用自贸港政策，将海南基地打造为面向"一带一路"市场的出口枢纽，并稳 步提升出口业务规模。产能方面，海口氢能专线正按计划推进示范运营；海马EX00系列产品定位为B端 定制出行产品，包括充电、换电两种版本，目前已有部分充电版车型交付合作伙伴使用。公司作为海南 唯一整车企业，将抓住封关历史机遇，助力产业发展并规划自身布局。 ...

格隆汇1月21日丨海马汽车(000572.SZ)在投资者互动平台表示，公司氢能汽车7X-H已在海南投放50台开 展示范运营，累计行驶里程突破150万公里，验证了产品的可靠性与安全性，目前仍处于示范运营阶 段。出口方面，公司将深度利用自贸港政策，将海南基地打造为面向"一带一路"市场的出口枢纽，并稳 步提升出口业务规模。产能方面，海口氢能专线正按计划推进示范运营；海马EX00系列产品定位为B端 定制出行产品，包括充电、换电两种版本，目前已有部分充电版车型交付合作伙伴使用。公司作为海南 唯一整车企业，将抓住封关历史机遇，助力产业发展并规划自身布局。 ...

Core Insights - The Chinese automotive industry is projected to achieve record production and sales of over 34 million units in 2025, maintaining its position as the world's largest market for 17 consecutive years [1][2] - New energy vehicles (NEVs) are expected to account for over 50% of domestic new car sales, solidifying their status as the dominant force in the market [1][2] Industry Performance - In 2025, the total production and sales of automobiles reached 34.53 million and 34.40 million units respectively, marking a historical high [2] - The passenger vehicle market showed steady growth, while the commercial vehicle market rebounded with over 10% growth, surpassing 4 million units [2] - NEV production and sales exceeded 16 million units, with exports reaching over 7 million units, including 2.615 million NEVs [2] Globalization and Innovation - The Chinese automotive industry is experiencing a new phase of globalization, with increased export volumes and deeper international cooperation [2][3] - A German luxury car brand has established a research center in China and is collaborating with local tech companies to develop advanced in-car information systems [3] - China's automotive sector is becoming a hub for global automotive innovation, with NEVs contributing over one-third of export volumes [3][4] Technological Advancements - The industry has seen significant breakthroughs in technology, including the approval of L3 autonomous driving models and advancements in hydrogen vehicles and solid-state batteries [4] - The integration of artificial intelligence in driving automation and cabin intelligence is expected to deepen, with increased penetration of L2 and L3 driving assistance features [4] Market Dynamics and Policies - The automotive market's consumption vitality has been enhanced through policy guidance, with over 11.5 million vehicles traded in under the old-for-new program, generating over 1.6 trillion yuan in new car sales [4][5] - The potential for vehicle upgrades remains high, with over 47 million old passenger vehicles eligible for replacement, indicating significant market activation potential [5] - The automotive market is projected to reach total sales of 34.75 million units in 2026, with NEV sales expected to grow by 15.2% to 19 million units [5]

Core Insights - GAC Aion's successful delivery of 340 hydrogen fuel cell vehicles marks a significant milestone in the commercialization of hydrogen fuel cell vehicles in China [1] - The hydrogen fuel cell vehicle market is expected to exceed $11 billion globally by 2026, with China's domestic market continuing to grow rapidly due to demand in sectors like heavy trucks and cold chain logistics [2] - Domestic hydrogen fuel cell vehicle ownership is projected to reach approximately 30,000 units by the end of 2025, with over 70% of core components expected to be domestically produced [2] Group 1: Company Developments - GAC Aion aims to deepen industry chain collaboration and continue exploring the hydrogen fuel cell vehicle sector, leveraging its role as a core member of the hydrogen energy industry innovation consortium in Guangzhou [1] - Proton Automotive Technology Co., Ltd. announced plans to achieve sales of 760 hydrogen vehicles by 2025, doubling both sales and revenue [2] - Dongfeng Motor Group's 400kW hydrogen fuel cell stack has been recognized as a significant innovation product, with plans for demonstration operations in logistics in Wuhan and expansion to other cities [3] Group 2: Industry Trends - The hydrogen fuel cell vehicle industry is recognized as a key direction for the transformation and upgrading of China's automotive sector, with nearly zero pollution and greenhouse gas emissions during operation [2] - Major international automotive companies, including BMW and Hyundai, are accelerating their hydrogen vehicle initiatives in China, indicating a competitive global landscape [3] - The domestic market is seeing frequent large-scale deliveries and contracts in the commercial vehicle sector, driven by policy support and market demand [3]

Core Viewpoint - The company has successfully initiated a collaboration with Toyota to develop hydrogen energy vehicles, with ongoing testing and demonstration operations currently in place [1] Group 1: Partnership and Collaboration - The company signed a strategic cooperation framework agreement with Toyota Motor (China) Co., Ltd. in March 2023 [1] - The collaboration focuses on research and industrialization in the hydrogen energy vehicle sector [1] Group 2: Current Operations - Currently, 50 hydrogen energy vehicles have been deployed for demonstration operations [1] - The company aims to deepen cooperation in hydrogen technology research and demonstration operations in the future [1] Group 3: Future Plans - The partnership will work towards advancing the industrialization of hydrogen energy vehicles in the Hainan Free Trade Port [1]

Core Insights - The company has made systematic progress in the hydrogen energy sector, establishing a full industrial chain zero-emission automotive ecosystem demonstration project in Haikou, which includes photovoltaic power generation, water electrolysis for hydrogen production, and hydrogen vehicle operation [3] - The company has launched the Haima 7X-H hydrogen vehicle, which has achieved production qualifications and has operated over 2 million kilometers with zero faults in harsh environmental conditions, validating the reliability of hydrogen technology [3] - The company plans to establish a hydrogen passenger vehicle brand named Nanhai Hydrogen Travel by 2025, focusing on high-end business travel scenarios and has already integrated with platforms like Didi and Ctrip [3] Hydrogen Energy Business Developments - The integrated hydrogen production and refueling station has a daily capacity of approximately 107 kg of green hydrogen [3] - The Haima 7X-H has become the first hydrogen passenger vehicle applied in the ride-hailing market, providing green travel services for over 10,000 users and supporting major international events [3] - The company aims to expand its demonstration operation scale and enrich application scenarios while enhancing local supply chain levels to build a more complete hydrogen energy ecosystem [3] Policy and Market Environment - Hainan Province has identified the hydrogen energy industry as a key strategic area for development, with a long-term plan to create a development pattern that includes a green hydrogen industry demonstration park and multiple application demonstration bases [3] - The company will closely monitor the release of detailed policies related to the free trade port and actively explore how to leverage policy benefits to enhance product competitiveness [3] - The company intends to deepen cooperation with strategic partners in core technology and industrialization to continuously optimize hydrogen vehicle performance [3]

Core Viewpoint - The A-share market saw a total of 68 stocks hitting the daily limit up on November 4, with notable performances in sectors such as medical and controllable nuclear fusion [1][2]. Group 1: Stock Performance - ST Zhongdi led with 13 consecutive limit-up days, primarily in the real estate sector [1]. - ST Baoying followed with 7 consecutive limit-ups in the construction decoration sector [1]. - HeFu China achieved 6 consecutive limit-ups, focusing on smart medical technology [1]. - HaiLu Heavy Industry and LanShi Heavy Industry both recorded 2 consecutive limit-ups in the controllable nuclear fusion sector [1][2]. Group 2: Sector Highlights - The medical sector showed strong performance with multiple stocks, including HeFu China and WeiGao Blood Purification, achieving 6 and 2 consecutive limit-ups respectively [1][2]. - The controllable nuclear fusion sector is gaining traction, as evidenced by HaiLu Heavy Industry and LanShi Heavy Industry's recent stock performance [1][2]. - Other sectors with notable performances include real estate, construction decoration, and industrial machinery, indicating a diverse range of investment opportunities [1][2].

Core Insights - The stock market saw significant activity with 25 stocks having sealed orders exceeding 100 million yuan on November 3, indicating strong investor interest and potential bullish trends in certain sectors [1][3]. Group 1: Stock Performance - TBEA (特变电工) led with a sealed order amount of over 500 million yuan, reflecting strong market confidence [1]. - The top three stocks by sealed order volume were Yingxin Development, Pingtan Development, and Jishi Media, with sealed orders of 508,500 hands, 473,700 hands, and 406,700 hands respectively [1]. - ST Zhongdi achieved a remarkable 12 consecutive trading limit ups, while several other stocks also recorded multiple consecutive limit ups, indicating strong momentum [1]. Group 2: Financial Performance - TBEA reported a revenue of 72.99 billion yuan for the first three quarters, a year-on-year increase of 0.8%, and a net profit attributable to shareholders of 5.48 billion yuan, up 27.6% year-on-year [1]. - The company secured significant orders in the power transmission and transformation sector, with a total of 5.23 billion yuan in orders from the State Grid and a 41% year-on-year increase in bidding amounts [1][2]. Group 3: Industry Trends - The high-voltage equipment bidding is expected to accelerate, with TBEA positioned as a leading supplier likely to benefit from this trend [2]. - TBEA's international market expansion has been notable, with a reported 80% year-on-year increase in signed orders from international markets in the first half of the year [2]. Group 4: Sector Highlights - The thorium molten salt reactor sector saw multiple stocks, including TBEA and others, experiencing limit ups, driven by advancements in nuclear technology [3][4]. - Companies like Hailu Heavy Industry and Baose Co. are involved in the thorium molten salt reactor projects, indicating a growing focus on innovative energy solutions [4][5]. Group 5: Gaming Industry - The gaming sector is represented by companies like Sanqi Interactive Entertainment, which focuses on game development and operations, showing strong growth potential [7]. - Oriental Pearl is enhancing its AI technology applications in various fields, indicating a trend towards digital transformation in the entertainment sector [8]. Group 6: Investment Activity - Six stocks on the龙虎榜 (Longhu List) recorded net purchases exceeding 100 million yuan, highlighting strong institutional interest in these companies [9].

Group 1 - HERE Technologies and Gaode have formed a strategic partnership to provide ADAS and seamless navigation solutions for over 30 Chinese automotive brands, leveraging HERE's global AI mapping technology and Gaode's extensive applications in the Chinese automotive sector [2] - Haima Automobile has made progress in the hydrogen vehicle sector, exploring a full industry chain from photovoltaic power generation to hydrogen vehicle operation, aiming for a green transition leveraging resources and policy advantages in Hainan Free Trade Port [2] - WM Motor has hinted at positive developments, indicating potential successful restructuring after bankruptcy, with plans to resume mass production of the EX5 and E5 models at its Wenzhou base [2] - Elon Musk announced that Tesla has reviewed the progress of the AI 5 chip for smart assisted driving, with subsequent versions AI 6 and AI 7 to follow, and AI 8 expected to exceed expectations [2]