Core Viewpoint - Red Star Macalline is innovating in the automotive circulation sector by integrating home and automotive industries, aiming to create a new business model that enhances consumer experience and expands its market presence [1] Group 1: Company Strategy - Red Star Macalline has introduced a "3100" plan to develop a "car-home integration" model over three years, targeting an operational area of over 1 million square meters in the automotive sector [1] - The company is actively collaborating with major automotive manufacturers like Tesla and Ford, as well as automotive platforms such as Katai Chi and Weiche, to expand its automotive offerings [1] Group 2: Market Positioning - The company emphasizes its strategic location advantage, with over 100 malls situated within a 3-kilometer radius of automotive business districts, making it convenient for consumers [1] - Red Star Macalline's rental policies are more competitive compared to traditional shopping centers, enhancing its attractiveness to automotive dealers [1] Group 3: Partnership and Collaboration - The company is inviting quality automotive dealers to collaborate through a tailored "one store, one policy" approach, offering shared consumer data and cross-industry membership benefits [1] - The expansion of Red Star Macalline's automotive ecosystem is aimed at creating a comprehensive platform that connects home and automotive consumption [1]

Core Insights - The latest "Vehicle Inventory Alert Index" (VIA) released by the China Automobile Dealers Association indicates that the inventory warning index for May 2025 is at 52.7%, showing a year-on-year decrease of 5.5 percentage points and a month-on-month decrease of 7.1 percentage points [1] Industry Summary - The inventory warning index is above the threshold line, suggesting an improvement in the automotive circulation industry's prosperity [1]

对此，协会也向生产企业发出呼吁，应当加快转变生产方式，"以销定产"供给适销对路车型，与经销商 协同共进、共渡难关，扭转生产端的利润下滑以及改善经销端的盈利困境。 协会表示，还将围绕加快建设全国统一大市场、促进汽车由购买管理向使用管理转变、税收优化、汽车 出口等热点、堵点和发展问题，持续向商务部、国家发改委、国务院研究室等部门提出政策建议。 新京报贝壳财经讯(记者张冰)5月23日，新京报贝壳财经记者从中国汽车流通协会获悉，协会应行业企 业要求，在政府部门指导下，在前期开展广泛调研的基础上，将启动包含退出条款的经销商授权合同示 范文本推广工作。 肖政三提到，尽管市场销量实现增长，营销热潮一波接着一波，但协会监测数据显示，经销商库存预警 指数仍达59.8%，部分品牌库存系数超过2个月。在供需失衡引发价格战以及新能源加速转型的双重影 响下，经销商终端价格倒挂，资金流动性风险陡增，"越卖越亏"的行业怪象成为常态。需要强调的是， 市场复苏的背后，广大经销商群体正在经历前所未有的压力测试。 中国汽车流通协会会长肖政三表示，当前产品结构快速切换，传统以油车布局的经销渠道普遍存在网点 过多过密、盈利能力不足和厂商关系紧张等问题 ...

汽车稳则社零增长动力强，愈发成为共识。 近年来，中国汽车产业在规模、创新和全球化层面实现跨越式发展。2024年在"两新"政策带动下，汽车市场取得了不错的成绩。据统计，2024年我国 汽车流通行业总产值高达4.8万亿元，占全国社会消费品零售额的比重接近11％，首次超越房地产成为国民经济第一支柱。 今年，我国继续加力扩围实施"两新"政策，汽车市场还有哪些潜力待挖？在4月25日举办的2025中国汽车消费论坛上，与会人士着重探讨了汽车流通 行业应如何抓住政策机遇激活消费动力，以及在"两新"政策之外，如何培育汽车消费的新增长点，从而推动汽车消费扩容等话题。 流通端多方发力提振车市 "汽车行业作为国民经济的重要支柱，汽车消费作为国内消费市场和对外贸易的重要组成部分，与国家提振消费、创新业态的核心任务息息相关。"中 国汽车流通协会会长肖政三表示，中国汽车流通协会紧密配合政府主管部门，以各项促进汽车消费政策落地为核心，从三个方面提振汽车消费市场进一步 升级。 首先，带领行业构建新型流通与服务体系，创新销售与体验模式，增强消费者数字化购车体验和对智能网联技术的认知，加大对包括新能源汽车在内 的整体汽车消费升级。进一步优化二手车 ...

Group 1 - The 2025 China Automobile Dealer Conference will be held from May 21 to 23 in Chengdu, focusing on the release of the "Top 100 Rankings of China's Automobile Circulation Industry" based on total annual revenue as the core evaluation metric [1] - The rankings are being released in conjunction with the 15th anniversary of their establishment and will introduce the "Automobile Dealer Group Performance Assessment Model" (PAM) for the first time, which reconstructs the evaluation standards of enterprise competitiveness through a multi-dimensional indicator system [1][3] - The top 100 enterprises have an annual revenue scale of nearly 2 trillion yuan, selling approximately 10 million vehicles annually, covering nearly 10,000 service outlets, and creating over 400,000 jobs [1] Group 2 - The automotive market is currently undergoing structural adjustments, with a report indicating that the gross profit margin for new car business is expected to continue declining, with a decrease of 6.8 percentage points in January 2025 compared to the same period [3] - The conference will also report on the progress of the "Automobile Dealer Exit Mechanism," which includes proposals for regulatory revisions such as expanding the definition of dealers and strengthening supplier information disclosure obligations [3] - The PAM model introduces 12 core indicators, including profitability, operational efficiency, and customer satisfaction, utilizing an industry quadrant positioning method for visual analysis of enterprise competitiveness, serving as a data support tool for industry policy formulation [3]

SPC, A 乘 联 景：最具价值的汽车信息交流平台和行业研究机构 息 旨：为汽车企业服务 为中国汽车产业发展做贡献 ak 价值观:专业 共享 高效 创新 如有疑问或需求请联系秘书处 合上海市普陀区武宁路423号18号楼1103室 | 200062 ( 021-52680968 cpcanews@sxtauto.com.cn www.cpcaauto.com 致 敬 伟 大 的 劳 者 动 中国汽车流通协会乘用车市场信息联席分会 点 击 蓝 字 关 注 我 们 ...

Group 1 - The company is a leading player in the automotive circulation sector in Weifang, with over 50 4S stores, maintaining a dominant market position [1] - The traditional manual financial management model has revealed bottlenecks, including inefficient account reconciliation, information silos from independent systems, and lack of real-time data for decision-making [1] - The bank has launched a customized "technology + service" dual-driven solution to address the urgent needs in multi-account management, system linkage, and financial decision support [1] Group 2 - The bank emphasizes a customer-centric approach, providing comprehensive support throughout the service process, including on-site training and timely responses to system issues [2] - The full-chain service model of "demand research - solution customization - operational support" has led to increased satisfaction and recognition from enterprises [2] - The bank's integration of financial technology with industry needs has not only improved corporate financial management efficiency but also provided a replicable benchmark for industry digital transformation [2]

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Views - The Chinese government will implement more proactive macro - policies, including fiscal and monetary policies, to support the real economy [2]. - China's economy started well in Q1 2025, with GDP growing by 5.4% year - on - year. The financial system remained stable and the financial market showed strong resilience [3]. - From January to March, the profits of industrial enterprises above designated size turned from a decline to an increase, and nearly 60% of industries saw profit growth [3]. 3. Summary by Relevant Catalogs Hot News - The Politburo emphasized proactive macro - policies, including possible reserve requirement ratio and interest rate cuts [2]. - An explosion occurred at a port in Iran, causing 25 deaths [2]. - China is accelerating the pilot reform of automobile circulation and consumption [2]. - China's Q1 GDP grew by 5.4% year - on - year, and the financial system remained stable [3]. - From January to March, industrial enterprise profits turned from decline to growth, and manufacturing profits improved significantly [3]. Plate Performance - Key focus: hot - rolled coil, rebar, rapeseed meal, soybeans, PTA, and Shanghai gold [4]. - Night - session performance: different commodity futures had various price changes, with precious metals rising by 29.89%, coal - coking - steel - ore by 13.58%, and non - metallic building materials by 2.78% [4]. Asset Performance - Different asset classes had different performance. For example, among equities, the S&P 500 rose 0.74% daily, while among commodities, London spot gold rose 6.27% monthly and 26.47% annually [8].

4月10日，长久股份（股份代号：6959.HK）公布了其2024年度业绩报告。作为中国汽车产业服务领域 的领军企业，长久股份在上市后的首份财报中向市场交出了一份亮眼的成绩单。 报告期内，公司录得净利润约人民币（下同）1.614亿元，较2023年度的1.023亿元同比增长57.8%。经 调整净利润（非国际财务报告准则计量）约为1.556亿元，较2023年度的1.544亿元同比增长0.8%。 作为中国汽车流通领域质押车辆监控服务的"隐形冠军"，长久股份构建的"科技+生态"双轮驱动模式， 实现了业务规模与经营质量双突破，正重塑汽车供应链服务的数字化蓝图。 核心业务表现亮眼 质押监控服务持续领跑行业 同时，长久股份还提供汽车经销商运营管理服务，向汽车经销商提供运营指导、数据系统及管理解决方 案。截至2024年12月31日，长久股份为共计69家汽车经销商提供服务，录得收入6515.60万元，占年度 收入的9.6%。 技术创新驱动业务升级 平台化转型成效显著 需要提及的是，长久股份以技术创新为驱动，持续升级其核心业务能力。2024年，公司进一步完善了用 于收集、处理及分析质押车辆数据的VFS系统，并引入机器学习与多模态大 ...

截至2025年4月7日，久车GO平台注册汽车经销商已达5.23万家，覆盖全国1376个县级市场。截至本公 告日期，久车GO平台已促成卡罗拉1.2T车型成交1965台，涉及经销商263家，充分体现久车GO平台的 数字化链接能力及汽车流通效率提升的成效。 董事会认为，签订项目合作协议将为本集团提供新的业绩增长点，本集团将继续通过数字化赋能及县域 深耕双轮驱动，探索AI应用场景，建立"监管员+本地合伙人"合作机制，完善在线交易平台与线下加盟 渠道的闭环，并围绕汽车交易拓展金融衍生产品及属地化售后服务能力，构建适应下沉市场的轻资产、 高效率新零售生态。因此，董事会认为项目合作协议的签署符合本集团及股东的整体利益。 此次合作旨在共同探索下沉增量市场，试点新型渠道模式，通过久车GO平台的数字化能力，实现直连 县域客户、提升销售管控力度及销售质量。该合作模式的创新点在于：单一持车主体：本公司作为卡罗 拉1.2T车型全系全国唯一出口，提供下沉市场分销与交付服务，从源头规避价格博弈;链路可追溯：久 车GO平台注册经销商与经纪人须按统一价格销售及交付，并依据销售结果获取服务费佣金，实现端到 端全链路可追溯与管控;以销定产轻资产模 ...