欢迎扫描下方二维码关注： 国家税务总局 工业和信息化部 关于发布《免征车辆购置税的设有固定装置的非运输专用作业车辆目录》（第十九批）的公告 国家税务总局 工业和信息化部公告2025年第21号 为切实落实国务院优化营商环境改革要求，提升纳税服务水平，提高税收管理质效，更好地维护纳税人权益，财政部、税务总局、工业和信息化部制 发了《关于设有固定装置的非运输专用作业车辆免征车辆购置税有关政策的公告》（2020年第35号）、税务总局、工业和信息化部制发了《关于设有固定 装置的非运输专用作业车辆免征车辆购置税有关管理事项的公告》（2020年第20号），进一步优化设有固定装置的非运输专用作业车辆（以下简称专用车 辆）车辆购置税优惠政策管理机制。对于免征车辆购置税的专用车辆，通过《免征车辆购置税的设有固定装置的非运输专用作业车辆目录》（以下简称 《目录》）实施管理，纳税人购买列入《目录》的专用车辆可享受免征车辆购置税政策。 二、本批《目录》基本情况 本批《目录》为第十九批，共涉及215家企业的638个车型。 特此公告。 附件： 免征车辆购置税的设有固定装置的非运输专用作业车辆目录（第十九批） 国家税务总局 工业和信息化部 ...

Group 1 - The core viewpoint of the news is that CIMC Group has demonstrated strong financial performance in the first half of 2025, with significant growth in revenue and net profit, showcasing its resilience and high-quality development amid market fluctuations [1][2] - CIMC's total revenue for the first half of 2025 reached 76.09 billion yuan, with a net profit of 1.764 billion yuan, and a year-on-year increase in net profit attributable to shareholders of approximately 12.78 billion yuan, up 47.63% [1] - The net cash flow from operating activities was 7.154 billion yuan, a substantial increase of 594.46% year-on-year, indicating strong cash generation capabilities [1] Group 2 - CIMC's container business continues to be a key driver, with container manufacturing revenue of 21.735 billion yuan and a net profit of 1.444 billion yuan, reflecting a year-on-year increase of 13.20% [1] - The sales volume of dry cargo containers reached 1.1259 million TEU, maintaining industry leadership, while refrigerated container sales surged to 92,000 TEU, a year-on-year increase of approximately 105.82% [1] - CIMC Vehicles reported revenue of 9.753 billion yuan and a gross profit of 1.464 billion yuan, with strong growth potential demonstrated through the global sales of approximately 52,600 semi-trailers [2] - CIMC Tian Da achieved a revenue growth of 29.83% and a net profit growth of 119.57%, indicating robust performance in its core metrics [2] - CIMC Logistics Services generated revenue of 13.579 billion yuan and a net profit of 202 million yuan, becoming the second-largest revenue source for the group [2] - The energy, chemical, and liquid food business segment, represented by CIMC Anruike, reported revenue of 12.61 billion yuan, a year-on-year increase of 9.9%, and a net profit of 560 million yuan, up 15.6% [2]

Company Strategy & Overview - Oshkosh's 2024 revenue reached $107 billion[65] - The company is focused on transforming into an industrial technology company, leveraging advanced technologies to extend market leadership[28, 30] - A key strategy is "Innovate Serve Advance," which involves developing safe solutions, supporting the installed base, and expanding into adjacent markets[56, 59, 62] Technology & Innovation - The company has a significant intellectual property portfolio with ~1,300 active patents, including 570+ electrification patents and applications[78] - Oshkosh is focused on electrification, autonomy and active safety, and intelligent products, powered by AI[73] - The company is targeting a vitality index increase from 13% in 2022 to 33% in 2028, driven by new product innovation[125] Segment Performance & Targets - Access segment sales target for 2028 is ~$53-58 billion with an adjusted operating margin of ~14-16%[183] - Transport segment sales target for 2028 is ~$23 billion with an adjusted operating margin of ~4%[245] - Vocational segment sales target for 2028 is ~$38 billion with an adjusted operating margin of ~16%[289]

Financial Data and Key Metrics Changes - Consolidated net sales for Q1 were $464 million, up $39 million or 9% year over year [6] - Organic sales growth for the quarter was $28 million or 7% [7] - Consolidated operating income for the quarter was $65.7 million, an increase of $11.4 million or 21% compared to last year [7] - Consolidated adjusted EBITDA for the quarter was $85.1 million, up $14.5 million or 21% year over year, translating to a margin of 18.3% [8] - GAAP diluted EPS for the quarter was $0.75, compared to $0.84 in Q1 last year, while adjusted EPS was $0.76, an increase of $0.12 or 19% from last year [8][9] - Cash generated from operations was $37 million, up 17% from Q1 last year [14] Business Line Data and Key Metrics Changes - Environmental Solutions Group (ESG) net sales were $387 million, up $33 million or 9% year over year [9][10] - ESG's operating income was $59.7 million, an increase of $8 million or 15% [10] - ESG's adjusted EBITDA was $77.5 million, up $11 million or 17%, with an adjusted EBITDA margin of 20% [10] - Safety and Security Systems Group (SSG) net sales were $76 million, up $6 million or 8% [11] - SSG's operating income was $15.8 million, an increase of $2 million or 14% [11] Market Data and Key Metrics Changes - Order intake for Q1 was $568 million, an increase of $65 million or 13% year over year, setting a new company record [9][22] - Backlog at the end of the quarter was $1.1 billion, another all-time high for the company [9] - Publicly funded orders increased high single digits year over year, while industrial orders rose double digits [23] Company Strategy and Development Direction - The company aims for annual double-digit top-line growth, split evenly between inorganic and organic growth [20] - Investments in production capacity and supply chain optimization are ongoing to meet increased demand [18][30] - The company is focused on expanding market share through strategic initiatives and new product development [20][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term prospects despite macroeconomic uncertainties, supported by a strong backlog [34] - The company raised its full-year adjusted EPS outlook to a range of $3.63 to $3.90, indicating continued growth [34] - Management noted that demand for products and aftermarket offerings remains strong, with no material changes in customer behavior due to tariffs [29][34] Other Important Information - The company has a low net debt leverage ratio and significant flexibility to invest in growth initiatives and return cash to shareholders [14] - The company has initiated a stock repurchase program with an additional authorization of $150 million [15] Q&A Session Summary Question: How have lead times changed compared to previous periods? - Management indicated that capacity utilization is between 70-72%, with lead times for certain products improving to about six months [40] Question: How have April ESG orders trended? - Management confirmed that the strength in ESG orders was not a pull forward due to tariffs, with strong order growth across various sectors [54] Question: What is the outlook for the rental business? - The rental business grew, with rental income and used equipment sales both up double digits year over year [83] Question: How does the company plan to manage pricing in light of tariffs? - Management stated that they can surcharge backlogs if necessary and emphasized their strong position due to localized supply chains [75][87] Question: What is the current status of the integration of Hog into the business? - Integration efforts are ongoing, with positive customer reception noted during a recent trade show [90]