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].

Core Insights - Longjiu Co., Ltd. reported a significant increase in net profit for the fiscal year 2024, reaching approximately RMB 161.4 million, a year-on-year growth of 57.8% compared to RMB 102.3 million in 2023 [1][2] - The company's adjusted net profit was approximately RMB 155.6 million, showing a slight increase of 0.8% from RMB 154.4 million in the previous year [1] - Longjiu Co., Ltd. operates as a leading provider of collateral vehicle monitoring services in China's automotive circulation sector, with a business model that integrates technology and ecosystem collaboration [1][2] Business Performance - The core business of collateral vehicle monitoring services generated revenue of RMB 612.47 million, accounting for 90.4% of the total revenue, which was a key driver for the profit growth [2] - The company provides services to 17 commercial banks, 22 automotive finance companies, and over 17,000 automotive dealers, showcasing its extensive market reach [2] Technological Innovation - Longjiu Co., Ltd. has enhanced its core business capabilities through technological innovation, including the development of the VFS system and the integration of machine learning and multimodal large model technologies [3] - The launch of the "JiuchergO" automotive supply chain service platform has transformed the business model to a new B2B transaction mode, significantly improving transaction efficiency [3] Strategic Development - Looking ahead to 2025, Longjiu Co., Ltd. aims to focus on solidifying its foundation, enhancing platform construction, and deepening digital transformation and AI technology applications [4] - The company plans to implement three core initiatives in the collateral vehicle monitoring service sector, including a customer-first approach, the establishment of an intelligent management system, and the creation of a dynamic risk assessment model [4] Operational Management - In the automotive dealer operational management service area, the company will focus on resource integration, talent acquisition, and strengthening core capabilities to provide comprehensive services and products [5] - Longjiu Co., Ltd. aims to enhance the "JiuchergO" platform by connecting directly with county-level markets and end-users, improving sales efficiency through a combination of online and offline channels [5] Future Outlook - The company emphasizes the importance of a "technology-driven + ecological collaboration" strategy to deepen its strategic layout and promote innovation in AI and big data [6] - Longjiu Co., Ltd. plans to create a smart hub for automotive circulation, develop a data product matrix, and implement a vehicle lifecycle data management platform to enhance industry efficiency and conversion rates [6]

Core Viewpoint - The collaboration between Changjiu Co., Ltd. and FAW Toyota marks a significant milestone for the Jiuchergou platform, focusing on exploring lower-tier markets and enhancing sales efficiency through digital capabilities [1][2] Group 1: Partnership Details - Changjiu's wholly-owned subsidiary, Beijing Changjiu Internet Technology Co., Ltd., has signed a project cooperation agreement with FAW Toyota to be the exclusive distributor for the Corolla 1.2T model in mainland China [1] - The partnership allows for dynamic adjustment of production capacity based on market demand, aiming to connect directly with county-level customers and improve sales management [1] Group 2: Platform Capabilities - The Jiuchergou platform demonstrates three core capabilities: user connection to lower-tier markets, digital supply chain product capabilities, and real-time traceability of data processing [2] - As of April 7, 2025, the Jiuchergou platform has registered 52,300 automotive dealers covering 1,376 county-level markets, showcasing its digital linking ability and improved automotive circulation efficiency [2] Group 3: Financial and Strategic Implications - The cooperation is expected to provide direct financial contributions to the group and enhance the Jiuchergou platform's influence in lower-tier markets [2] - The board believes that the agreement will create new performance growth points and will continue to explore AI applications and develop a new retail ecosystem suitable for lower-tier markets [2]

点 击 蓝 字 关 注 我 们 本文全文共 1615 字，阅读全文约需 5 分钟 2025年2月28日，中国汽车流通协会发布的最新一期"中国汽车经销商库存预警指数调查"VIA（Vehicle Inventory Alert Index）显示，2025年2月中国汽车经销商库存预警指数为56.9%，同比下降7.2个百分点，环比 下降5.4个百分点，库存预警指数位于荣枯线之上，汽车流通行业处在不景气区间。 2月车市有效销售天数较少，且春节前购车需求集中释放，透支影响较大，市场处于淡季调整阶段。今年 以旧换新政策发布和实施时间较早，对2月车市有一定推动作用。但节后多个厂家的降价和促销，以及3月多款 新车上市，导致消费者持币观望情绪较重。 经销商在春节前加大清库力度，并调整进车节奏，库存压力有所缓解；但由于2月市场需求不足，客流、 成交率下滑。部分车型依然价格倒挂严重，经销商销售收入难以弥补购车支出，现金流持续紧张，经营风险依 旧存在。 多家机构公布对2025年乘用车销量增幅预测，增幅预测集中在2%-5%。根据本次调查反馈，2025年汽车 经销商普遍面临更高的销量任务，30.5%的经销商年度任务量同比提升幅度超10%； ...

Summary of Longjiu Co., Ltd. 2024 Annual Performance Conference Company Overview - Longjiu Co., Ltd. successfully listed on the Hong Kong Stock Exchange on January 9, 2024, enhancing its brand image and market position, and opening up new development opportunities [1][2][3] Core Business and Financial Performance - In 2024, Longjiu achieved a net profit of 161 million RMB, a year-on-year increase of 58% [3][22] - Total revenue for 2024 was 678 million RMB, reflecting a growth of 5.6% compared to the previous year [3][22] - The company’s revenue primarily comes from two segments: vehicle pledge monitoring services and automotive dealer operation management services [3][8] Key Business Segments Vehicle Pledge Monitoring Services - Longjiu is the largest provider of vehicle pledge monitoring services in China, with a market share of approximately 50%, serving over 17,000 automotive dealers [4][8] - The revenue from this segment grew from 505 million RMB in 2022 to 612 million RMB in 2024, with a gross profit increase from 210 million RMB to 273 million RMB [23] - The service is provided to around 160 banks and financial institutions, covering over 31 provinces and more than 500 cities in China [13] Automotive Dealer Operation Management Services - Launched in April 2022, this service has expanded to 17 provinces and 33 cities, serving 69 automotive dealer clients [5][15] - The revenue from this segment has seen an annual growth rate of approximately 23% [23] Jiucheng Platform - The Jiucheng platform, which focuses on automotive transactions and services, registered 51,000 automotive dealers by the end of 2024, covering 1,047 county-level markets [6][4] - A strategic partnership with FAW Toyota was established, marking a significant milestone for the company [6] Technological Innovations - Longjiu is committed to integrating AI and big data into its operations, enhancing digital capabilities and service efficiency [2][7] - The company has developed the VFS intelligent monitoring system, which connects financial institutions, manufacturers, and dealers for streamlined operations [11][12] - The introduction of AI-driven tools like DeepSeek and ChaiBI aims to improve decision-making and operational efficiency [19][20] Financial Health - The company reported a 6% increase in overall revenue from 641 million RMB in 2023 to 678 million RMB in 2024 [22] - Operating expenses decreased by 18%, while R&D expenses continued to grow, ensuring future technological advancements [22] - Cash flow from operations increased by 30 million RMB, with a year-end cash balance of 371 million RMB [24] Market Insights and Future Strategies - The automotive market in China is projected to grow significantly, with new car sales reaching 27.56 million units in 2024 [16] - Longjiu aims to leverage its digital platform to enhance supply chain efficiency and expand its market presence, particularly in lower-tier cities [17][34] - The company plans to focus on AI and data-driven strategies to optimize operations and improve service delivery in the automotive sector [30][31] Conclusion - Longjiu Co., Ltd. is positioned for continued growth through strategic partnerships, technological innovations, and a focus on enhancing operational efficiency in the automotive industry [52][53]