格隆汇9月1日｜浙商证券研报指出，长城汽车产品定位清晰，聚焦哈弗SUV+硬派越野+高端新能源细 分赛道，打造差异化竞争优势。插混技术服务于品牌建设，Hi4/Hi4-T主打高性价比四驱混动系统，助 力突出产品个性化标签定位。依托国内较强产品实力，开拓高毛利海外汽车市场，提升公司整体盈利能 力。2024年全年国内硬派越野车型销量第一为坦克300，共计7.4万辆，占据着该细分市场相当可观的份 额。且随着硬派越野车型的逐渐丰富，该细分市场有望进一步扩大。坦克车型借助Hi4-T、Hi4-Z插混系 统扩大产品竞争优势，打造硬派越野高端品牌。首次覆盖，给予"买入"评级。 ...

Core Insights - The core viewpoint of the article highlights that despite a slight decline in revenue, the company achieved a significant increase in net profit due to optimized product structure and a focus on high-end models [1][2][3] Financial Performance - In the first half of 2025, the company reported revenue of 62.402 billion yuan, a year-on-year decrease of 4.06%, while net profit attributable to shareholders surged by 81.03% to 2.941 billion yuan [1][3] - The gross profit margin improved from 24.06% to 28.93%, indicating an increase of approximately 4.9 percentage points [3] Product Performance - The total sales of the company's vehicles reached 198,600 units, achieving the set operational goals, with the "Wenjie" series contributing significantly [1][2] - The "Wenjie" series delivered over 147,000 units in the first half of 2025, with a single vehicle average transaction price exceeding 400,000 yuan [2][3] - In June alone, the "Wenjie" series achieved a record monthly delivery of over 44,000 units, showcasing strong competitiveness in the high-end new energy market [1][3] Market Trends - The analysis indicates a shift in the Chinese automotive market from incremental competition to stock competition, with increasing consumer demand for high-end and intelligent vehicles [2] - The high average price and sales performance of the "Wenjie" series suggest market recognition of high-quality products [2] Technological Advancements - The company invested 5.198 billion yuan in R&D in the first half of 2025, a year-on-year increase of 154.9%, with R&D personnel accounting for 36% of the total workforce [6] - The introduction of the "Magic Cube" platform has enhanced vehicle development efficiency and reduced marginal development costs [7] Production Capacity - The company is advancing the construction of its "super factory" and existing production line upgrades, achieving 100% automation in key production processes [7] - Digital operations cover 90% of business processes, leading to a 17% increase in logistics efficiency and a 35% improvement in team management efficiency [7] Brand Recognition - The "Wenjie" brand ranked first in the brand development confidence index, with the "Wenjie M9" leading in the net promoter score (NPS) for new energy vehicles [4]

汽车圈的瓜越发水深，如果不了解技术原理和供应链情况，恐怕未必能看明白。 随着鸿蒙智行尊界S800超豪华车走热，该车受到广泛密切关注。不仅成都车展上成为热门车型，也在网上获得高流量。 8月下旬，有账号在短视频平台上称，驾驶尊界S800时出现失速。视频显示，屏幕上车速从75km/h快速降低到30多km/h，又回升至50多km/h。 旋即围绕"尊界质量"和"博主身份"的话题，网上掀起轩然大波。 最初有网友猜想是否开启了"涉水模式"，也就是尊界的"御水缓行模式"。该模式下，增程器被禁用。不过涉水模式会限制车辆时速小于8km/h，视频中车 辆时速都在30km/h之上。 很快有网友通过现实驾驶S800的方式复现了"尊界失速"，也就是"车辆有油的前提下，却无法发电增程，在电池电量用尽后，速度迅速下降"。而整个过程 较为复杂： 1、首先将尊界S800燃油用尽归零。开启强制纯电模式，直至电量归零。 2、电量归零前抵达加油站加油。加油过程中，需要维持车机开机，否则车机关机后重启，会强制切换成燃油模式，无法用纯电模式。 3、此时车辆仍是纯电模式，并且油箱为满油状态。 4、主动开启智驾湿滑模式、手动关闭ESP，速度拉高后，会出现"满 ...

证券代码：600166 证券简称：福田汽车 编号：临2025-072 北汽福田汽车股份有限公司 关于获得政府补助的公告 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。 一、获取补助的基本情况 二、补助的类型及其对公司的影响 根据《企业会计准则第16号一一政府补助》的相关规定，将上述收到的政府补助资金认定为与收益相关 的政府补助。该笔政府补助将对公司2025年度的利润产生积极影响，具体的会计处理以及对公司2025年 度损益的影响最终以会计师年度审计确认后的结果为准。敬请投资者注意投资风险。 特此公告。 北汽福田汽车股份有限公司 董 事 会 二○二五年八月三十一日 2025年8月29日，北汽福田汽车股份有限公司（以下简称"公司"）收到与收益相关的政府补助资金 34,828,000.00元，占公司2024年度经审计的归属于上市公司股东净利润的43.24%。 ...

Core Insights - The automotive industry in China has shown steady growth in the first half of 2025, with total revenue reaching 2.05 trillion yuan, a year-on-year increase of 7.93%, and net profit attributable to shareholders at 860.63 billion yuan, up 3.02% [1] - The transition towards electric and intelligent vehicles is a key driver of this growth, with significant advancements in technology and market share for domestic brands [1][4] Revenue and Market Dynamics - The revenue landscape is characterized by a concentration of leading companies, with BYD leading the industry with 371.28 billion yuan in revenue, a 23.30% increase year-on-year [2] - The "billion yuan club" is expanding, with companies like SAIC Motor and Weichai Power also reporting significant revenues, while over 30 companies have surpassed 10 billion yuan [2] - New energy vehicle (NEV) sales have surged, with companies like BAIC Blue Valley reporting a 153.21% increase in revenue due to a doubling of NEV sales [2] Profitability Trends - BYD remains the profit leader with a net profit of 15.51 billion yuan, a year-on-year growth of 18.01% [3] - Despite overall profitability, some traditional automakers like GAC Group and BAIC Blue Valley are facing losses due to declining sales in traditional fuel vehicles and high costs in transitioning to new energy models [3] - Automotive parts manufacturers are experiencing significant growth, with companies like Southern Precision achieving a net profit of 22.9 million yuan, a turnaround from losses the previous year [3] Technological Advancements - NEVs are identified as the core engine driving industry transformation, with production and sales reaching 6.968 million and 6.937 million units respectively, marking year-on-year growth of 41.4% and 40.3% [4] - Leading companies are focusing on technological breakthroughs, with BYD investing over 12 billion yuan in R&D to enhance its competitive edge in battery technology and hybrid systems [4] Global Expansion - Chinese automakers are entering a new phase of global expansion, with NEVs becoming key products for overseas markets, as evidenced by a 10.4% increase in total vehicle exports to 3.083 million units, including a 75.2% surge in NEV exports [5] - Companies are establishing localized production and R&D capabilities abroad, with BYD setting up a research center in Germany and SAIC Motor expanding its sales network globally [5] - Challenges remain, including the potential reduction of government incentives for NEVs and increased price competition in the market [5]

A级家用轻越野市场迎来一款重磅产品。 2025年成都国际车展期间，北京越野定位为10万级超大空间混动方盒子的BJ30旅行家开启预售，新车 共六款车型，预售价为10.29万—13.99万元。 中经记者尹丽梅张硕北京报道 "这款车是我们听大家'劝'的第一款车，我们改了很多地方。北京越野要做一个用户型企业，做一个听 劝的企业，大家对产品的想法和建议，是我们未来不断更新、迭代换新的最大动力。"在2025年成都国 际车展上，北京越野董事长王昊表示，未来北京越野将拿出更多车型与大家一起共创，虚心做好用户的 学生。 相较于老款车型，北京越野着重针对BJ30旅行家的车机性能进行了全面提升与优化。与此同时，焕新 内饰设计，带来了一款全新的天池蓝的车身有机色，增加了产品的丰富度。 "有用户反馈说我们的低配车型车机不够丝滑，此前我们搭载8155芯片的车机只覆盖了约70%的车型， 现在我们主动承担成本，将搭载8155芯片的车机的应用比例提升至近95%，使绝大多数车主都能享受到 更流畅的车机操作体验。"北京汽车股份有限公司副总裁张凯说道。 用一句话来概括，BJ30旅行家是一款既能满足用户工作日城市通勤的需求，又能够在周末胜任短途出 行 ...

转自：证券时报 人民财讯8月31日电，据万华化学消息，8月27日，万华化学与吉利汽车在万华化学宁波研究院联合发布 车规级光导聚碳酸酯（PC）材料合作成果。此次合作标志着万华化学成为首家进入吉利汽车车灯导光 级材料核心供应链的中国企业。 ...

ข 0135 齐鲁秋季车展 2025齐鲁秋季车展 暨第五十二届齐鲁汽车展览交易会 9/04 09/10 地点:山东国际会展中心(槐荫区日照路 0:00 / 0:48 のみ味に国流電直 ll 智享 展位:3号馆C2 车型:全新坦克500 智 / 享 / 未 / 来 向 / 新 / 而 / 行 ...

据证券之星公开数据整理，近期曙光股份(600303)发布2025年中报。截至本报告期末，公司营业总收入 8.66亿元，同比上升32.64%，归母净利润-1.45亿元，同比下降6.29%。按单季度数据看，第二季度营业 总收入5.04亿元，同比上升70.21%，第二季度归母净利润-7245.97万元，同比上升0.59%。本报告期曙光 股份盈利能力上升，毛利率同比增幅19.76%，净利率同比增幅19.51%。 本次财报公布的各项数据指标表现一般。其中，毛利率2.97%，同比增19.76%，净利率-17.16%，同比 增19.51%，销售费用、管理费用、财务费用总计1.1亿元，三费占营收比12.76%，同比减18.83%，每股 净资产1.75元，同比减23.31%，每股经营性现金流0.03元，同比增151.65%，每股收益-0.21元，同比减 5.0% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 6.53亿 | 8.66/Z | 32.64% | | 归母净利润(元) | -1.37亿 | -1.45 Z | -6. ...

| 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 22.51亿 | 21.32亿 | -5.28% | | 归母净利润(元) | 1.98 Z | 1.03 Z | -48.08% | | 扣非净利润(元) | 1.1亿 | 7841.56万 | -28.97% | | 货币资金(元) | 19.84亿 | 16.67 亿 | -15.99% | | 应收账款(元) | 3.78亿 | 2.86 亿 | -24.43% | | 有息负债(元) | 4.77亿 | 460.98万 | -99.03% | | 毛利率 | 14.21% | 14.50% | 2.01% | | 净利率 | 11.65% | 7.76% | -33.36% | | 三费占营收比 | 4.18% | 3.85% | -8.08% | | 每股净资产 (元) | 0.96 | 1.15 | 19.80% | | 每股收益(元) | 0.15 | 0.08 | -46.67% | | 每股经营性现金流(元) | 0.38 | 0.15 | -5 ...