长江商报消息 ●长江商报记者 徐佳 实习生 骆佳慧 在全球商用车行业智能化转型的背景下，锐明技术（002970.SZ）抓住市场机遇，积极扩展海外布局。 日前，锐明技术发布业绩预告。公司预计2025年上半年实现归属于上市公司股东的净利润（净利润，下同）为1.9 亿元至2.2亿元，同比增长53.64%至77.90%；扣除非经常性损益后的净利润（扣非净利润，下同）为1.65亿元至 1.95亿元，同比增长39.68%至65.08%。 以2025年3月末锐明技术总股本计算，公司中期分红规模将超过7080万元，占公司净利润预告最低数的比例约为 37.3%。 预计上半年净利增长53.64% 资料显示，锐明技术是一家以人工智能和视频技术为核心，聚焦商用车（涵盖物流运输车辆、公共出行车辆及特 种作业车辆）安全、合规和效率提升的AIoT智能物联解决方案提供商。2019年12月，锐明技术在A股上市。 近几年来，随着人工智能、大数据、5G等技术的成熟应用，商用车安全管理从单一功能向平台化转型，推动了行 业需求增长。锐明技术紧跟全球行业趋势，不断进行技术、产品的创新，实现了经营业绩的大幅提升。 数据显示，2023年和2024年，锐明技 ...

纵观近五年6月份的商用车市场走出一个降-降-增-降-增的趋势，最近五年6月份的商用车市 场销量呈现出三个级别：2021年6月份的超40万辆级别，属于高位水平；2023年6月份和 2025年6月份的超35万辆级别，属于中等水平；余下的2022年6月份和2024年6月份的30万 辆左右级别，属于低位水平。单从数字上看，今年6月份商用车市场36.90万辆水平在近五年 里排在第二位，比五年最高的2021年6月份少销售7.72万辆，比去年同期则多销售约3.2万 辆。 2025年前5个月，我国商用车市场走出一个降-增-降-增-降的走势，5月过后累计销量达到 175万辆，同比累计增长1%。 6月销售37万辆，环比增长10%、同比增长9% 第一商用车网最新获悉，根据中汽协数据（企业开票数口径，非终端实销口径，下同）， 2025年6月份，我国商用车市场销售36.90万辆，环比今年5月份增长10%，同比增长9%， 同比增速转正（5月份商用车市场同比下降2%）。 6月份，商用车市场表现如何？2025年上半年走完，商用车行业格局有何变化？ 请看第一商用车网的分析报道。 从累计销量来看，200万辆上下是最近几年上半年商用车累计销量的正 ...

Core Viewpoint - The automotive sector is expected to maintain a positive outlook, driven by three main themes: dividends, smart technology, and robotics [5][12][6]. Weekly Review Summary - In the first week of July, the compulsory insurance for vehicles reached 398,000 units, showing a week-on-week decrease of 30.2% and a month-on-month increase of 12.1% [10][51]. - The performance of various automotive segments this week ranked as follows: SW automotive parts (+0.1%) > SW automotive (-0.4%) > SW motorcycles and others (-0.4%) > SW commercial cargo vehicles (-0.6%) > SW passenger vehicles (-1.4%) > SW commercial passenger vehicles (-1.8%) [10][19]. Team Research Achievements - The team released analyses on Huawei's automotive business core competitiveness and a review of Yutong Bus's H1 sales [3][11]. Key Industry Changes - The launch event for the Li Auto i8 is scheduled for July 29 [4][11]. - Seres expects to achieve a net profit attributable to shareholders of 2.7-3.2 billion yuan in H1 2025, with a Q2 net profit estimate of 2.2 billion yuan, reflecting a year-on-year increase of 57% and a quarter-on-quarter increase of 195% [4][11]. - Leap Motor's new C11 model has been launched [4][11]. - The third annual meeting of the 2025 China Automotive Research Index (IVISTA & C-AHI) technical committee will be held [4][11]. Sector Viewpoint Reaffirmation - The automotive sector remains a strong investment focus, with a particular emphasis on dividends, smart technology, and robotics as the main investment themes [5][12]. - Key areas of market attention this week included the Ministry of Industry and Information Technology's establishment of a feedback window for key automotive enterprises to implement a 60-day payment period, Trump's 30% tariffs on Mexico and the EU, and the potential reverse listing of Zhi Yuan Robotics through the acquisition of Shangwei New Materials [5][12]. Current Automotive Sector Configuration - The company believes that "only by adhering to technological innovation can the automotive industry avoid internal competition and move towards healthy development," and continues to favor the three main themes for 2025: dividends & good structure, AI smart technology, and AI robotics [6][12]. - Recommendations for the dividend & good structure theme include passenger vehicles (Yutong Bus), heavy trucks (China National Heavy Duty Truck Group A-H / Weichai Power), and parts suppliers (Fuyao Glass, Xingyu Co., New Spring Co., Jifeng Co.) [7][12]. - For the AI smart technology theme, preferred stocks include Hong Kong-listed passenger vehicles (Xpeng Motors-W, Li Auto-W, Xiaomi Group-W) and A-shares (Seres, SAIC Motor, BYD), with parts suppliers including Horizon Robotics-W, China Automotive Research, Desay SV, Bertley, and Heisima Intelligent [7][12]. - The AI robotics theme favors parts suppliers such as Top Group, Junsheng Electronics, Fuda Co., Aikedi, Ruihu Mould, and Jingzhu Technology [7][12]. Weekly Automotive Market Performance - The automotive sector's performance in A-shares ranked 30th this week, while in Hong Kong, the automotive and parts sector ranked 11th [16][19].

公司公告汇总 汉马科技集团股份有限公司发布2025年半年度业绩预告公告。公司预计2025年半年度实现归属于上市公 司股东的净利润为人民币3000万元左右，与上年同期相比实现扭亏为盈。预计归属于上市公司股东的扣 除非经常性损益的净利润为人民币-2600万元左右。业绩预告期间为2025年1月1日至2025年6月30日，本 期业绩预告未经注册会计师审计。本期业绩预盈的主要原因是报告期内公司产品销量和营业收入均实现 同比增长，毛利率亦呈现同比上升；同时公司持续推进组织运行效率优化，落实降本措施，有效控制并 节约了费用支出。公司不存在影响本次业绩预告内容准确性的重大不确定因素。以上预告数据仅为初步 核算数据，具体准确的财务数据以公司正式披露的2025年半年度报告为准。公司董事会敬请广大投资者 注意投资风险。 截至2025年7月11日收盘，汉马科技（600375）报收于6.89元，较上周的6.93元下跌0.58%。本周，汉马 科技7月8日盘中最高价报7.2元。7月10日盘中最低价报6.74元。汉马科技当前最新总市值110.45亿元， 在商用车板块市值排名9/13，在两市A股市值排名1523/5149。 本周关注点 业绩披 ...

7月10日，由全联汽车经销商商会主办，全联汽车经销商商会商用车全生命周期管理分会承办的"2025年商用车营销模 式创新发展论坛"在合肥隆重举行。 本次论坛围绕商用车营销模式创新与行业发展趋势展开深入探讨与交流，来自全国的商用车领域及产业链企业代表、专家 学者等75人参加此次分论坛。 全联汽车经销商商会秘书长邢海涛在会议致辞中表示，全联车商商用车分会的成立， 不仅补充完善了全联车商的行业服务体系，更是得到了主管部委的关注与支持，在成立的过程中，也是考虑到了市场的需 要与行业的发展趋势。近年来的商用车市场，在政策与经济多重复杂环境中展现出了更强的韧性和市场活力，并朝着绿色物 流、电动化、智能化、国际化等方向加速发展，多元化的商用车市场更需要细化及专业的服务机制和管理体系，而商用车的全 生命周期管理是顺应市场发展的需求，更是商用车未来的一种专业模式。 对此，全联车商智库专家上海汽车工业销售有限公司原总经理傅利国在致辞中指出，商用车领域的应用技术与场景正在面 临着前所未有的调整变化，市场对商用车的售后、维修、保险、二手车的流通，乃至报废环节，都在变化中迎来更大的挑战与 更加迫切的需求，因此"全联车商商用车全生命周期管 ...

2025年6月份，重卡市场整体销量接近10万辆，同比实现37%的增长。此前已连续三个月跑 输重卡市场"大盘"的牵引车市场能否同步实现大增？跑赢还是跑输？2025年已然过半，牵引 车行业格局又有何变化？ 请看第一商用车网的分析报道。 6月销售4.9万辆，环比增长12%，同比增长31% 纵观近五年6月份牵引车市场销量及增幅走势图，最近五年的6月份，牵引车市场走出一个降- 降-增-降-增的走势（与重卡市场整体走势相同），五年中有三年6月份销量超过4万辆，其中 2021年6月份销量达到8.15万辆，2022年6月份出现超6成大降，跌至不足3万辆水准；随后 2023年6月份和2024年6月份先后经历近6成大增和近2成下降，2024年6月份销量再次不足4 万辆，2025年6月份牵引车市场同比增长31%，4.89万辆的销量在近五年里排第二位，比五 年最高的2021年6月份少销售约3.3万辆，比去年6月份净增长超1.1万辆。 从累计销量看，2025年1-6月，牵引车市场累计销售27.02辆，在近五年里看同样是第二高， 但其实与前两年处于同一水平，比去年1-6月的26.58万辆小幅增长2%，净增长4000余辆， 累计销量增幅重 ...

Core Viewpoint - Foton Motor's subsidiary, Beijing Kaven New Energy Co., Ltd., has successfully completed a Pre-A round financing, raising over 1.2 billion yuan, indicating strong market confidence in the transition to new energy commercial vehicles [1][3]. Group 1: Financing and Investment - The financing round attracted new shareholders, including Beijing Green Energy Fund, and existing investors such as BAIC Investment, Bosch Venture Capital, and Boyuan Capital, highlighting the collaborative effort to invigorate the new energy commercial vehicle industry [1][3]. - BAIC Foton increased its investment by 758 million yuan while maintaining its controlling stake in Kaven New Energy, emphasizing its commitment to the new energy transition [1][3]. Group 2: Strategic Positioning and Market Trends - The new energy commercial vehicle sector is at a critical turning point, shifting from policy-driven to technology and economic viability-driven growth, with electric vehicle penetration in commercial vehicles currently below 20% [3][4]. - Kaven New Energy aims to become a hub for technological innovation and new business incubation, focusing on both pure electric and hydrogen fuel cell technologies for various logistics scenarios [4][5]. Group 3: Product Development and International Expansion - Kaven New Energy plans to launch its first model, Foton Kaven Lefu, and additional products based on a new platform by 2025, enhancing its product matrix [4][5]. - The company is accelerating its internationalization efforts, having signed strategic agreements with overseas clients, indicating a growing global presence [4][5]. Group 4: Technological Innovation and Competitive Advantage - Kaven New Energy's innovative battery swapping technology is expected to significantly improve operational efficiency, making new energy options economically viable for high-intensity logistics scenarios [7]. - The company is committed to a dual approach of electric and hydrogen technologies, adhering to the principle of "electric where feasible, hydrogen where applicable," to create integrated solutions for the new energy commercial vehicle market [5][7].

Group 1 - The upcoming disclosure of mid-year reports by listed companies is expected to become a mainstream market focus, with Zhongyan Chemical set to report on July 15 [1] - Companies with significantly better-than-expected performance, such as Huayin Power with a projected increase of over 40 times in earnings, have seen substantial stock price increases, with a 76.72% rise in July [1] - Investors are advised to focus on companies with sustained earnings growth during the mid-year report season, particularly in sectors like artificial intelligence, biomedicine, machinery, and Huawei's supply chain [1] Group 2 - Investors should pay attention to companies with large absolute net profit increases, while also considering the sustainability of future earnings growth and valuation levels [2] - The market is expected to maintain a slow bull trend in the second half of the year, with a focus on blue-chip stocks in banking, non-bank financials, and high-dividend sectors [2] - Investment strategies should consider three main lines: sectors with mid-year report highlights like gold and technology hardware, high-growth opportunities less affected by economic cycles such as the AI industry, and industries that have achieved supply-side clearing in a mild recovery environment [2]

Domestic News - The Ministry of Industry and Information Technology (MIIT) has opened an online feedback window for small and medium-sized enterprises regarding the payment cycle commitments of key automotive companies, addressing issues such as payment delays beyond the agreed 60 days and unreasonable payment terms [3] - MIIT is soliciting opinions on the safety requirements for fuel cell electric vehicles as part of the revision of national standards, including four mandatory national standards [4][5] - Zeekr has launched a luxury hybrid architecture called Haohan-S, featuring a 900V high-voltage system and a 70-degree 6C hybrid battery with a pure electric range of 380 kilometers [6] - BYD has achieved L4-level intelligent parking capabilities and is providing full liability coverage for accidents caused by its "Heavenly Eye" intelligent driving assistance system during parking [7] - Avita Technology has signed a general agency agreement with Egypt's Kasrawy Group, marking its entry into the African market, with plans to expand into Europe by 2026 [8] - Chery Automobile plans to launch two new SUV models in the UK, optimizing them for the local market [9] - Honeycomb Energy has been designated for the smart battery project, supplying lithium iron phosphate short-blade batteries to both domestic and international markets [11] - NIO has completed its plan for 1,000 highway battery swap stations, connecting 550 cities across China [12] International News - The European Union is investing €852 million (approximately 7.16 billion yuan) to promote the development of electric vehicle batteries, as part of a broader initiative to transition to a competitive and resilient industrial base [13] - Pakistan aims to achieve a 30% penetration rate for electric vehicles in total car sales by 2030, as outlined in its National Electric Vehicle Policy [14] - Stellantis has launched a battery swap service for its Fiat 500 fleet in Madrid, in collaboration with Ample, providing a quick alternative to charging [15] - Waymo has introduced a new service allowing teenagers aged 14 to 17 to ride in its autonomous taxis, starting in Phoenix [16] Commercial Vehicles - Four departments in China are promoting the construction of high-power charging facilities for public transport, logistics, and heavy-duty freight [18] - Major online freight platforms have signed a self-regulatory convention to protect the rights of truck drivers, focusing on issues like timely payment and fair pricing [19] - Chongqing is drafting policies to support the development of intelligent connected new energy commercial vehicles, offering financial incentives up to 20 million yuan for compliant companies [20][21] - Qingling Motors has launched the Lingkun electric truck in Qingdao, targeting urban delivery needs [22]

近日，平鲁经济技术开发区与三一汽车制造有限公司签订投资协议，朔州三一新能源商用车项 目正式落地朔州市。签约仪式结束后，项目一期生产线旋即启动建设。该项目的成功落地，为 朔州加快构建新型综合能源体系和多元支撑的现代化产业体系注入强劲动力，对全省加快建设 中西部绿色智能制造基地具有重要意义。 签约仪式现场。（新华网 发） 此次签约的三一新能源商用车项目总投资10亿元，主要生产重卡拖挂自卸车，计划分三期建 设，按照总体规划、分步实施的原则，一期项目利用园区已建成的标准化厂房建设生产线，计 划2025年9月底第一台新能源商用车下线。同步启动二期、三期项目规划设计和前期手续办 理。项目全部投产达效后，预计年产值超100亿元。 集团技术优势突出，目前该集团已发布行业新能源全生态解决方案，通过车辆与补能设施协同 组合，形成覆盖全运距场景的全生态解决方案。 自2023年7月朔州市与三一集团达成首次投资合作协议以来，经过企地双方共同努力，三一集 团单晶硅拉晶、切片、组件、电池等项目陆续落地投产，建成光伏全产业链，累计完成投资 50亿元，实现产值35亿元。在此过程中，朔州持续创优营商环境，特别是在5GW单晶硅项目 建设过程中，创 ...