当前，中国旅游客运市场持续火热，但内在逻辑已发生根本性变化。游客出行方式正迅速从"传统跟团游"向"高端私人定制游"、"小团自由行"、"主题 深度游"等形态迁移。游客不再满足于"到达"，而是追求整个旅程的舒适度、私密性、文化内涵与个性化体验。同时，商务出行领域也对移动办公的便捷 性、会议环境的专业性及乘坐的尊享感提出了更高要求。市场需求的升级，倒逼客运装备必须进行一场从"运输工具"到"移动体验空间"的深刻变革。 苏州金龙深刻洞察这一趋势，通过差异化、场景化的产品创新，精准回应细分市场需求，形成了有力的产品组合拳。 例如面向旅游客运市场的新出行趋势，海格新V系以"国潮"美学与文化赋能，重塑旅游客车价值内涵。新V系作为苏州金龙的"品质之作"，其创新超越 了性能与配置的层面，深入至文化体验与美学表达的维度。推出的"日照金山"、"墨韵江南"、"玄岩叠影"等多款国潮主题内饰，将客车车厢转化为流动的文 化展厅。这不仅是内饰颜色的变换，更是通过色彩哲学、材质肌理与光影设计，营造出或诗意、或温暖、或雅致、或稳健的沉浸式氛围，让旅途本身成为一 场感官与心灵的巡游。此举完美契合了"提质存量"的要求，通过赋予产品深厚的文化附加值，实 ...

Core Viewpoint - The bus industry represents China's automotive manufacturing sector becoming a global leader in technology output, with overseas market contributions expected to recreate a market equivalent to China within 3-5 years [4][15]. Group 1: Driving Factors for the Bus Industry Cycle - Timing: The bus sector aligns with the national strategy of "China's Special Valuation" and is a strong proponent of the "Belt and Road" initiative, having over a decade of overseas experience [4][15]. - Location: The technology and products of Chinese buses are at a world-class level, leading in new energy buses and competitive in traditional buses [4][15]. - People: The end of the domestic price war is expected to resonate positively, with demand recovering due to tourism and public transport renewal needs [4][15]. Group 2: Profitability Outlook - The absence of a price war domestically, an oligopolistic market structure, and better profit margins in overseas markets contribute to the potential for high profitability [5][16]. Group 3: Market Value Potential - The short-term goal is to challenge the market value peak from 2015-2017, while the long-term goal is to establish a new ceiling for the world's bus industry [6][16]. Group 4: Investment Recommendations - Yutong Bus is highlighted as a "model student" with high growth and dividend attributes, with projected net profits of 4.94 billion, 5.92 billion, and 7.03 billion yuan for 2025-2027, reflecting year-on-year growth of 20%, 20%, and 19% respectively [7][13]. - King Long Automobile is noted as the "fastest improving student," with significant profit elasticity, projected net profits of 440 million, 640 million, and 830 million yuan for 2025-2027, with year-on-year growth of 182%, 45%, and 28% respectively [8][13]. Group 5: Industry Performance Data - In November 2025, the overall bus production in China was 55,000 units, with a year-on-year increase of 14.90% and a month-on-month increase of 10.47% [19][21]. - The wholesale volume for the same month was 53,000 units, reflecting a year-on-year increase of 15.78% and a month-on-month increase of 7.28% [21]. - The terminal sales for buses reached 49,000 units, with a year-on-year increase of 7.91% and a month-on-month increase of 4.60% [22][21].

智通财经APP获悉，中国汽车流通协会数据显示，2025年11月全国客车销量(批发)为5.32万辆，同比增长15.78%，环比增长7.28%；1-11月累计销量(批发) 为51.01万辆，同比增长10.67%。 客车 其中大型客车当月销量0.62万辆，累计销量6.22万辆；中型客车当月销量0.65万辆，累计销量4.43万辆；轻型客车当月销量4.05万辆，累计销量40.35万辆。 连续12个月客车销量变化趋势 销量(万辆) 环比增长率(%) 7.00 80.00 6.00 60.00 5.00 40.00 4.00 20.00 3.00 0.00 2.00 -20.00 1.00 -40.00 0.00 -60.00 202412 202501 202502 202503 202504 202505 202506 202507 202508 202509 202510 202511 3.30 3.47 4.05 轻客 3.98 3.06 2.83 4.27 3.61 3.45 4.08 4.36 3.87 1.14 0.32 0.49 0.42 0.47 0.65 中客 0.26 0.22 0.37 0.35 0 ...

近日， 成都市郫都区城交投资有限责任公司发布 新能源公交车项目中标候选人公示， 成 都客车股份有限公司以12948.00万元的报价成为 中标候选人第1名。 新能源公交车项目中标候选人公示 (招标编号: /) 公示结束时间:2025年12月25日 一、评标情况 标段(包)[001]/: 1、中标候选人基本情况 中标候选人第1名:成都客车股份有限公司,投标报价:12948.00万元,质量:合 格,工期/交货期/服务期:90天; 中标候选人第2名:四川百恒诺商贸有限公司,投标报价:13136.70万元,质量: 合格,工期/交货期/服务期:90天; 中标候选人第3名:四川品图汽车贸易有限公司,投标报价:12614.20万元,质量: 4、中标候选人的评标情况 中标候选人(成都客车股份有限公司)的评标情况:合格; 中标候选人(四川百恒诺商贸有限公司)的评标情况:含格; 中标候选人(四川品图汽车贸易有限公司)的评标情况:合格; 二、提出异议的渠道和方式 本项目中标候选人公示时间为 2025年12月23日-2025年12月25日,如对本项目有 异议,请在公示时间内向招标代理机构以书面方式提出。 招标代理机构: 四川华标鼎忆项 ...

根据中国海关数据显示：2025年10月中国纯电动客车(10座及以上)出口数量为1434辆，同比下降16%， 出口金额为3.4亿美元，同比增长24.4%。 相关报告：智研咨询发布的《2026-2032年中国纯电动汽车行业市场调查研究及发展前景规划报告》 数据来源：中国海关，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 近一年中国纯电动客车(10座及以上)出口情况统计图 ...

Core Viewpoint - After ending the "21 consecutive months of growth," China's bus exports showed a mixed trend in November 2025, with a total export of 56,635 units, reflecting a year-on-year decline of 1.76% but a month-on-month increase of 10.38% [1][3]. Export Volume Overview - In the first 11 months of 2025, China's total bus exports reached 66,338 units, an increase of 11,832 units compared to the same period last year, representing a year-on-year growth of 21.71% [1][3]. - November 2025 saw a total export of 5,635 units, marking a significant improvement from October, with the year-on-year decline narrowing by 20.61 percentage points [1]. Segment Performance - In November 2025, large and medium buses experienced positive year-on-year growth, while light buses saw a decline of over 40% [4]. - Large bus exports totaled 2,638 units, up 5.69% year-on-year, while medium bus exports surged by 77.58% to 1,687 units [5]. - Light bus exports were 1,310 units, down 42.79% year-on-year, although there was a month-on-month recovery [5]. Functional Attributes - In November 2025, the export of seat buses was 3,545 units, down 11% year-on-year, while public transport buses saw an increase of 15.09% with 2,014 units exported [7][8]. - The export of school buses and other buses showed significant fluctuations, with school bus exports increasing by 3,000% to 31 units, while other buses saw a decline of 39.18% [8]. Company Rankings - In the first 11 months of 2025, Yutong and King Long led the export rankings with over 10,000 units each, capturing 19.30% and 16.65% market shares, respectively [14][15]. - Other notable companies included Xiamen Jinlv and Suzhou King Long Haige, both exceeding 7,000 units, while Zhongtong Bus remained in the top five with nearly 6,000 units exported [14]. Monthly Export Leaders - In November 2025, the top exporters were Xiamen King Long (1,166 units), Yutong (1,064 units), and Jiangling Jingma (636 units), with Xiamen King Long achieving a year-on-year growth of 41.85% [17][18]. Market Trends - The overall market pressure remains significant, with the seat bus segment experiencing a widening year-on-year decline of 11%, particularly in large seat buses, which hit a yearly low [12]. - The bus export landscape is characterized by a slow market recovery, leading to uncertainty in December 2025's export trends [12].

证券代码：000957 证券简称：中通客车 中通客车股份有限公司投资者关系活动记录表 | | √特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 □业绩说明会 | | 投资者关系活动类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他 （请文字说明其他 | | | 活动内容） | | 参与单位名称及人员姓名 | 内蒙古博汇公司 樊龙 深圳蓝马资本 韩圣洁 | | | 安通基金 段学忠 宁波知远投资 赵一帆 | | | 北斗星太空融投资 卢振华 金时资本 岳玲萍 | | | 深圳德远投资 李双凤 深圳趋势投资 钟方千 | | | 太平洋证券 叶玲 深圳财沣投资 陈蓉 | | 时间 | 2025 年 12 月 17 日 | | 地点 | 公司会议室 | | 上市公司接待人员姓名 | 张峰、赵磊、翟忠宇 | | | 一、在当前激烈的市场竞争中，公司采取了哪些具体 | | | 措施来提升和保持自身的竞争优势？ | | | 我们认为保持和提升竞争优势需要多方面的扎实努 | | | 力：首先，追求适度的规模优势是基础。其次，必须 | | | 拥有强大的研发实力，因为客车是高度定 ...

近日，仁怀市公共交通服务有限公司发布城市公交车辆采购项目中标结果。该项目包括两个 标包，均由宇通客车中标。 城市公交车辆采购项目标包1 一、项目基本信息 邀请范围：公开 二、标段概况 标段名称：仁怀市公共交通服务有限公司城市公交车辆采购项目标包1 标段编号：GQQY-ZB2025110112-001 标段内容：采购新能源城市公交车10辆，整车尺寸：10600 mm≥长≥10400 mm段，具 体内容详见"第三章招标需求"。 三、公告媒体及公示日期 公告媒体：黔云招采电子招标采购交易平台,贵州省公共资源交易中心,贵州省招标投标公共 服务平台 公示期: 2025-12-12 12:00至2025-12-13 17:00 四、中标信息 中标人名称 宇通客车股份有限公司 城市公交车辆采购项目标包2 采购方式：招标采购 邀请范围：公开 二、标段概况 标段名称：仁怀市公共交通服务有限公司城市公交车辆采购项目标包2 标段编号：GQQY-ZB2025110112-002 项目名称：仁怀市公共交通服务有限公司城市公交车辆采购项目 项目编号：GQQY-ZB2025110112 采购方式：招标采购 一、项目基本信息 项目名称：仁怀 ...

当前，旅游客运市场正持续加快绿色化、智能化转型的步伐。中通客车依托 H 系家族深耕 市场积累的成熟经验，于近日重磅推出H系的又一款纯电升级产品——H11E，该车型专为 中长途旅游、城际通勤以及高端班车场景量身打造。 这款集高效节能、极致舒适、全域安全与智慧运营于一体的标杆车型，不仅延续了H 系"舒 适+节能"的核心基因，更以场景化创新打破行业边界，为运营者带来降本增效新选择，为 游客解锁品质出行新体验。 超远续航 + 极速补能 破解纯电运营焦虑 作为中长途出行的 "续航担当"，H11E 搭载头部品牌电池，提供 145-452 千瓦时多梯度 电量选择，覆盖续航250-350 公里的进取版、400-500 公里的领先版及600 公里的畅行 版，完美适配不同运营场景需求。其中 5 种电量兼顾公交板块，实现 "一车多用" 的全域 适配能力。 补能效率上，H11E 配备行业领先的双枪双充系统，以 382 度电配置为例，双桩充电可将 时长从 90 分钟压缩至 50 分钟以内，大幅提升车辆周转率。同时搭载 SmartHeat 6.0 智 能温控系统，精准控制电机与电池温度，减少能耗损失，整车平均电耗降低 8.6%，配合低 ...

Group 1 - The core viewpoint of the article is that King Long Automobile (SH 600686) held its 18th meeting of the 11th Board of Directors on December 12, 2025, via telecommunication, where it reviewed the proposal for the reappointment of the accounting firm [1] - For the year 2024, King Long Automobile's revenue composition is as follows: bus manufacturing accounts for 95.21%, while other businesses account for 4.79% [1] - As of the time of reporting, King Long Automobile has a market capitalization of 11.8 billion yuan [1]