东吴证券研报指出，宇通客车2025年11月总销量4058辆，同环比+9%/+33%，11月产量5188辆，加库 1130辆，今年1-11月累计加库1636辆，公司系以销定产模式，短期大量加库或为后续放量订单交付做提 前储备。11月销量同环比提升，国内市场加速复苏。整体来看，11月销量同比提升9%，环比提升 33%，主要为国内需求提升，受"以旧换新"政策拉动，国内公交市场需求大幅增长。25Q4出口迈入加速 期，期待12月出口销量高增。维持"买入"评级。 ...

(A) YUTONG l를 2025年1-11月宇通客车 累计销售 40654 辆,同比增长6.14% *数据来源：2025年度宇通客车11月份产销数据快报 一直奖互动 |-- 稳健增长 宇通客车2025年11月销售4058辆 我们准备了1000个现金红包 与您一起分享这份喜悦 宇 通 客 车 2 0 2 5 年 1 1 月 销 售 同比增长8.62% ↑ 环比增长33.5% 2025年1-11月宇通客车 累计销售 40654 辆,同比增长6.14% 本活动截止到 2025年12月11日上午12点 活动客服微信： · ° · yutongyuge 活动客服电话: 15515608257 *此活动最终解释权归宇通客车所有 或 许 你 想 继 续 看 点击图片，查看原文 荣膺"高端出行价值典范"称号! 宇通天域S12获行业认可 宇通 为美好出行 A YUTONG 宇 通 客 车 2 0 2 5 年 1 1 月 销 售 同比增长8.62% 环比增长33.5%1 *数据来源：2025年度宇通客车11月份产销数据快报 一直奖互动 |-- 稳健增长 宇通客车2025年11月销售4058辆 我们准备了1000个现金红包 与 ...

Group 1: Macro Strategy - The macro environment is influenced by both domestic and overseas factors, with improved domestic demand data but a decline in manufacturing PMI in October affecting market confidence [1][13] - The dual uncertainties in the macro environment have led to a strong risk-averse sentiment among investors, causing the index to shift downward and enter a phase of low-volume consolidation [1][13] - Policy support through liquidity measures and industry guidance has provided a stabilizing effect on the market, with fiscal issuance and monetary continuation effectively countering funding disturbances [1][13] Group 2: Industry Analysis - The consumer technology sector has shown structural divergence in earnings reports, with companies like Meituan, JD, and Alibaba facing profit declines due to intensified competition, while Tencent and Xiaomi have improved profitability through international expansion and premiumization [1][13] - AI technology breakthroughs are opening new paths for commercialization, with differences in corporate profitability becoming a key variable affecting market expectations [1][13] Group 3: Index Outlook - The Hang Seng Technology Index is expected to maintain a bottom consolidation and upward bias in December 2025, influenced by macroeconomic conditions and policy expectations [1][13] - The Nasdaq 100 Index is projected to experience a volatile upward trend in December 2025, driven by AI industry developments and commercial validation [4][15] - The gold market is anticipated to remain supported by expectations of interest rate cuts, with geopolitical risks and inflation data influencing price movements [5][17] Group 4: Company-Specific Insights - Andy Su has reported a revenue increase of 13.67% year-on-year for the first three quarters of 2025, although net profit has slightly declined due to rising raw material costs and competitive pressures [10][11] - Yutong Bus has seen an increase in sales in November, with expectations for a year-end tail effect, maintaining a "buy" rating with projected revenue growth of 17% for 2025 [12]

近日，亚洲开发银行贷款贵州贵安新区新型城镇化智慧交通体系发展项目——合同包 EQ802：电动公交车（80辆公交车） 发布中标结果，奇瑞万达贵州客车股份中标， 评标 价为5774.3万元。 | 投标人名称 | 开标时宣读的投标价(包含折扣) | 评标价(人民币元) | | --- | --- | --- | | 奇瑞万达贵州客车股份有限公司 | 64,944,549.55 | 57743195 元 | | 投标人名称: | 奇瑞万达贵州客车股份有限公司 | | --- | --- | | 投标人国籍: | 中国 | | 地址: | 贵州省贵阳市经济技术开发区开发大道 888 号 | | 投标人企业性质:(国营企 业、私营企业或其它三选一) | 其他 | | 合同价格: | 64,944,549.55 | | 合同期限: | ਕਟ | | 合同主要内容: | 10 辆纯电动公交车(电量≥120Kwh,6 米级),15 辆纯电动公交车 (电量≥220Kwh,8米级）,55 辆纯电动公交车（电量≥250Kwh, | | --- | --- | | | 10 米级）。合同签订之目起 45 天内交货。评标价 814087 ...

编号：2025-009 | | √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 | 开源证券 邓建全 | | | 富国基金 冯升 | | | 工银瑞信基金 李乾宁 | | 时间 2025 | 年 12 月 3 日 | | 地点 | 公司会议室 | | 上市公司接待人员姓名 | 张峰、赵磊 | | | 一、公司股份回购情况 | | | 截至 年 月 日，公司通过股份回购专 2025 11 30 | | | 用证券账户以集中竞价交易方式回购公司股份 | | | 股，占公司目前总股本的比例为 8,254,900 1.39%，回 | | | 购成交最高价为 11.2 元/股，最低价为 10.49 元/股， | | | 成交总金额为人民币 元（不含交易费 88,980,647.86 | | 投资者关系活动主要内容 | 用）。后续公司还将根据市场情况逐步推进股份回购 | | 事项。 介绍 | | | | 二、公司 ...

Group 1 - Recently, Skyworth Auto has received positive news in the bus market with two significant contracts for electric buses totaling 120.25 million yuan [1][4] - The first contract involves Shenzhen Bus Group purchasing 100 units of 10.5-meter low-floor pure electric buses, with a winning bid of 89.2 million yuan by Nanjing Jinlong Bus Manufacturing Co., Ltd [2][3] - The second contract is for Longyao County Ruiwei Storage Bus Passenger Transport Co., Ltd, which awarded a bid of 31.05 million yuan to Nanjing Jinlong Bus Manufacturing Co., Ltd for a second batch of new energy buses [4]

Group 1: Company News - China Uranium Industry will be listed on A-shares on December 3, 2025, as the only company in China engaged in domestic natural uranium mining and processing, with a total market value of approximately 37 billion yuan after the IPO [1] - Abison's founder and chairman, Ding Yanhui, was re-elected as chairman but voted against his own election due to dissatisfaction with the chairman's compensation, indicating a desire for reform in the company's governance structure [1] - Tianpu Co. announced that its stock will resume trading on December 3, 2025, after completing a review of recent trading activities, with a significant price increase of 451.8% from August 22 to November 27 [15] - Xi'an Yicai announced a partnership to invest 12.5 billion yuan in a silicon material base project in Wuhan, focusing on advanced silicon wafer production for integrated circuits [16] - Yutong Bus reported an 8.62% increase in sales in November, with a total production of 4.23 million buses from January to November, reflecting a year-on-year growth of 5.33% [17] Group 2: Industry Dynamics - The Ministry of Housing and Urban-Rural Development is seeking public opinion on new regulations for construction market supervision, aiming to enhance the dynamic verification of enterprise qualifications and strengthen oversight of non-compliant companies [9] - The Central Bank reported a net liquidity injection of 500 billion yuan through treasury bond transactions and 1 trillion yuan through medium-term lending facilities in November [5] - The OECD has raised its forecast for China's economic growth in 2025 to 5%, up from a previous estimate of 4.9% [6][10]

Group 1: Market Overview - As of November 30, 2025, the Shanghai Composite Index fell by 1.67%, while the Shenzhen Component Index and the ChiNext Index dropped by 2.95% and 4.23%, respectively[5] - The average decline of the stock portfolio in November was 4.83%, underperforming the CSI 300 Index, which fell by 2.46%[5] - The market is expected to experience consolidation, with external economic conditions remaining stable and the potential for further monetary easing by the Federal Reserve[5] Group 2: Stock Recommendations - Huaxin Cement (600801) is positioned for overseas expansion, with a closing price of 22.42 CNY and a projected EPS of 1.42 CNY for 2025[8][12] - Sanmei Co. (603379) focuses on refrigerants, with a closing price of 52.17 CNY and an expected EPS of 3.50 CNY for 2025[13][15] - China Duty Free Group (601888) benefits from policy dividends, closing at 79.03 CNY with a projected EPS of 1.94 CNY for 2025[16][19] - Contemporary Amperex Technology Co. (300750) is undergoing valuation recovery, with a closing price of 373.20 CNY and an expected EPS of 15.00 CNY for 2025[20][23] - Sungrow Power Supply (300274) is seeing favorable conditions in new energy storage, closing at 182.90 CNY with a projected EPS of 7.07 CNY for 2025[24][26] - SANY Heavy Industry (600031) is focused on engineering machinery, with a closing price of 20.32 CNY and an expected EPS of 1.00 CNY for 2025[27][29] - Yutong Bus (600066) is expanding its overseas market, closing at 31.11 CNY with a projected EPS of 2.14 CNY for 2025[33][37] - North Huachuang (002371) specializes in semiconductor equipment, with a closing price of 427.90 CNY and an expected EPS of 10.03 CNY for 2025[38][41] - Kingsoft Office (688111) is leveraging AI in office solutions, closing at 311.31 CNY with a projected EPS of 4.07 CNY for 2025[42][44]

智通财经APP讯，宇通客车(600066.SH)发布公告，公司2025年11月销售量4058辆，同比增长8.62%;本年 累计销售量40654辆，同比增长6.14%。 ...

注：本表为销售快报数据，最终数据以公司定期报告数据为准。 特此公告。 证券代码：600066 证券简称：宇通客车 编号：临 2025-057 宇通客车股份有限公司 2025 年 11 月份产销数据快报 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 宇通客车股份有限公司2025年11月份产销数据快报如下： 单位：辆 | 产 | 品 | 2025 年 | 去年同期 | 单月数量 | 本年 | 去年同期 | 累计数量 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 11 月份 | | 同比变动 | 累计 | 累计 | 同比变动 | | 生产量 | | 5,188 | 4,665 | 11.21% | 42,290 | 40,150 | 5.33% | | 其中：大型 | | 2,388 | 2,046 | 16.72% | 21,735 | 21,890 | -0.71% | | 中型 | | 2,034 | 1,566 | 29.89% | 13,198 | 1 ...