社会基础设施投资基金（FIIS）批准了281亿雷亚尔的融资，用于1701个项目，包括购置校车以及 建设或扩建日托中心、学校、运动场、初级卫生保健机构、急诊护理机构、综合诊所、妇产医院等。申 请人可联系巴西国家经济社会发展银行（BNDES）和经授权的金融机构，开始项目分析并正式提交贷 款申请。融资优惠政策将包括24个月的宽限期和最长20年的还款期限。 （原标题：巴西政府将投入超过390亿雷亚尔用于基础设施和设备投资） 巴西《经济价值报》12月10日消息，当日，巴西联邦政府公布新版"加速增长计划"（Novo PAC） 框架下四项公共招标结果，并宣布将向各州、市及公立、慈善机构和私营服务供应商投入超过390亿雷 亚尔（包括联邦资金和低息贷款），用于教育、卫生、供水和排污等领域的基础设施和设备投资。 ...

编号：2025-010 | | √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 | 华源证券 游泽晨 | | 时间 | 2025 年 12 月 4 日 | | 地点 | 公司会议室 | | 上市公司接待人员姓名 | 张峰、赵磊 | | | 一、简单介绍公司的产品以及销售分布情况？ | | | 公司产品涵盖 米公路客运、公交客车、旅 5.5-27 | | | 游客车、团体通勤、高端商务、校车、专用车等产品 | | | 系列 140 余个品种。经过多年的发展，中通客车已遍 | | | 及全国各省市，并畅行全球 多个国家和地区。 100 | | | 二、国内公交客车市场的当前需求驱动是什么？市场 | | | 规模和结构如何变化？ | | 投资者关系活动主要内容 | 当前国内公交市场已完全进入以更新需求为主 | | 介绍 | 导的阶段，新增需求峰值已过。去年大中型公交销量 | | | 约 3 万辆。市场结构正 ...

Group 1 - The article highlights the safety inspections conducted by traffic police on school buses in Qingdao, Shandong Province [1][2][3] - The inspections include checking the installation of fire extinguishers and the safety of rearview mirrors on the school buses [3] - Technicians and drivers are involved in the maintenance of the school buses during these safety checks [4][5]

Group 1 - The company, Zhongtong Bus, emphasizes a customer-oriented approach to meet market demands, offering a wide range of products including highway buses, public transport, tourism, group, high-end business, school buses, logistics vehicles, and special vehicles [1] - The company has been expanding its overseas market presence, leading to a continuous increase in its market share in the global bus industry, establishing itself as a representative brand [1]

Core Viewpoint - The Chinese bus export market has shown remarkable growth in June 2025, achieving a record high in exports and marking the 18th consecutive month of growth, with a total of 35,591 buses exported in the first half of the year, representing a 29.18% increase year-on-year [1][3][15]. Group 1: Overall Export Performance - In June 2025, a total of 7,335 buses were exported, a year-on-year increase of 28.17%, setting a new monthly record [1][3]. - The export of large buses exceeded 4,000 units for the first time, reaching 4,057 units, a significant increase of 37.06% year-on-year [5][6]. - The overall export volume for large, medium, and light buses continued to show positive growth, with medium buses exporting 1,700 units (up 15.02%) and light buses exporting 1,578 units (up 22.8%) [5][6]. Group 2: Segment Performance - The export of seat buses, public transport buses, and school buses all experienced year-on-year growth, while other bus categories saw declines [8]. - Public transport buses saw a remarkable increase of 73.99% in June, with 3,518 units exported, marking the highest monthly export volume of the year [8][29]. - The export of light seat buses showed the most significant growth, with a year-on-year increase of 52.95%, while large seat buses also maintained a positive growth trend [21][27]. Group 3: Company Rankings - Yutong Bus regained its position as the top exporter in the first half of 2025, exporting 6,020 units, despite a year-on-year decline of 7.38% [15][16]. - Xiamen King Long and Xiamen King Travel ranked second and third, with significant year-on-year increases of 56.43% and 73.59%, respectively [15][16]. - Ankai Bus made a notable leap in rankings, achieving a year-on-year growth of 129.48% and moving up to sixth place in the export rankings [15][16]. Group 4: Monthly Export Insights - In June 2025, the top ten exporting companies included Yutong (2,154 units), Xiamen King Long (1,279 units), and Ankai (776 units), with Yutong leading significantly [18][32]. - The public transport bus export volume in June reached 3,518 units, the highest of the year, just shy of the previous December's peak [29][32]. - The export performance of various companies in the bus segment indicates a competitive landscape, with several companies showing strong growth and shifting rankings [15][30].

Core Viewpoint - North Automotive Group's subsidiary, Foton, has successfully established significant collaborations in Saudi Arabia, including a memorandum for a localized manufacturing plant and the delivery of 1,000 school buses, marking a strategic move in the region's industrial transformation under the "Vision 2030" initiative [1][4][10]. Group 1: Localization and Regional Strategy - Foton has signed a memorandum with the Saudi government and local enterprises to build a localized manufacturing plant for commercial vehicles, focusing on heavy-duty trucks, light-duty trucks, and buses, which aligns with Saudi Arabia's industrial localization goals [4][5]. - The collaboration aims to enhance local manufacturing capabilities, strengthen supply chains, create job opportunities, and support the development of local SMEs, contributing to Saudi Arabia's industrial economic transformation [4][5]. Group 2: School Bus Delivery and Brand Establishment - Foton delivered 1,000 customized school buses to a major client in Saudi Arabia, designed for student commuting in Riyadh and Jizan, featuring advanced safety and comfort enhancements [8]. - The buses are equipped with a Cummins ISF2.8 engine for improved performance on steep roads, an ESC stability monitoring system for safety, and climate-optimized features for comfort in extreme weather [8]. Group 3: Strategic Implications and Future Goals - The signing of the localization memorandum and the bus delivery signifies a transition from product export to deep localization in Saudi Arabia, reinforcing the strategic partnership between China and Saudi Arabia in the automotive sector [10]. - Foton aims to accelerate its transformation towards becoming a world-class enterprise, focusing on comprehensive internationalization, new energy, and intelligent solutions, while driving a green technology revolution in the global transportation industry [10].

Group 1: National Standards for Children's Products - Over 210 national standards related to children's products have been published in China [1] - Standards for children's textiles, footwear, and clothing specify quality and safety requirements from materials to design and production [1] - Strict requirements are established for various children's products, including paper products, furniture, and bathing items, ensuring health and safety for children [1] Group 2: Standards for Toys and Educational Supplies - The "Toy Safety" series of national standards regulates safety, mechanical properties, and specific element migration for various toy products [2] - Clear requirements are set for student supplies, children's backpacks, writing tools, and digital textbooks to ensure safety during play and learning [2] - Standards for preventing myopia and promoting physical health in children are detailed, including specifications for sports equipment and venues [2] Group 3: Standards for Online Safety and Transportation - National standards are established to protect minors online, including regulations for internet content and monitoring systems [2] - Mandatory national standards for school buses and child safety seats ensure the safety of children during transportation [2]