Core Viewpoint - Zhongtong Bus has achieved significant growth in both performance and sales through continuous expansion into overseas markets, with notable increases in revenue and profit margins [3][4][10]. Sales Performance - In August 2025, Zhongtong Bus sold 1,052 vehicles, a year-on-year increase of 10.5%, while total sales for the first eight months reached 7,904 vehicles, up 2.21% [3][6]. - Large vehicle sales in August reached 666 units, a 61.26% increase year-on-year, while medium and light vehicle sales saw declines [4][6]. - The company reported a total of 4,976 large vehicles sold in the first eight months, reflecting a 7.1% increase [4][6]. Financial Performance - For the first half of 2025, Zhongtong Bus achieved revenue of 3.941 billion yuan, a 43.02% increase year-on-year, and a net profit of 190 million yuan, up 71.61% [4][10]. - Domestic revenue was 1.184 billion yuan, a 29.16% increase, while international revenue reached 2.757 billion yuan, growing by 49.94% [10][11]. - The proportion of international revenue in total revenue rose to 69.96%, an increase of 3.23 percentage points from the previous year [5][11]. Market Strategy - The company is focusing on optimizing its market structure and has made significant strides in exporting new energy buses, which are becoming a key driver of growth [7][9]. - A recent shipment of 250 buses to Burkina Faso marks a significant milestone in Zhongtong's overseas expansion efforts [7][8]. Research and Development - Zhongtong Bus increased its R&D expenditure to 125 million yuan, a 44.68% rise year-on-year, focusing on new product development and advanced technology research [14]. - The company holds 502 valid patents, including 152 invention patents, and has received 22 new patent authorizations in the first half of 2025 [14]. Share Buyback - The company announced a share buyback plan with a total amount not less than 600 million yuan and not exceeding 1.2 billion yuan, with approximately 70 million yuan already spent by the end of August [14][15]. - Since the initiation of the buyback, the company's stock price has increased by approximately 9.3% [16].

8月21日，250辆中通客车出口西非国家布基纳法索发车仪式在山东聊城举行。这批凝聚着中非友谊的客车即将跨越撒哈拉，投入到布 基纳法索首都瓦加杜古的公交系统运营中。 据悉，此次出口车辆全部为中通N系城市客车，这也是布基纳法索首次大批量的引进现代化城市客车。 自2003年布局非洲市场以来，中通客车历经二十载耕耘，见证和推动着非洲交通出行的升级变迁。 从早期的领御、世纪等经典车型，到如今热销的N系城市客车、H系旅团客车，越来越多的中通客车驰骋在埃及、尼日利亚、阿尔及利 亚、坦桑尼亚、科特迪瓦等国家，持续为非洲民众打造更加美好、绿色、舒适的公共出行条件。 如今在"一带一路"倡议的引领下，中非各领域合作正迈向高质量发展的新阶段。中通客车积极响应"走出去"战略，持续扩大国际合作的 广度和深度。 西非人口约2.23亿，是非洲人口密度最高和经济活动最活跃的区域之一，在非洲整体发展格局中扮演着关键角色。 近年来，西非更是在区域互联互通、经济一体化及基础设施建设方面处于引领地位，积极深入推进交通现代化转型，提升城市服务能 力，改善民众生活品质。 该批车辆全部基于中通客车成熟的N系公交平台，产品可靠，性能优化，历经市场多年验证。 ...