Core Viewpoint - FAW Jiefang Group officially launched the "Jiefang Green Movement" brand, marking a significant shift from traditional vehicle sales to a full lifecycle solution provider in the commercial vehicle sector, focusing on a green circular economy in the aftermarket [1][2] Industry Context - The commercial vehicle industry is undergoing a critical transformation characterized by demand adjustment and market restructuring, with a significant supply-demand imbalance where new heavy truck demand is only 700,000 units against a total ownership of over 10 million units [2] - FAW Jiefang aims to break away from homogeneous competition by focusing on the aftermarket, which is seen as a strategic opportunity amidst increasing competition in the front-end market [2] Strategic Importance - The aftermarket is crucial for FAW Jiefang to extend its value chain, optimize its industrial layout, and create new growth drivers, supporting the vision of "recreating Jiefang" [1][3] - The company emphasizes extending vehicle lifecycles and promoting green remanufacturing as essential paths to carbon reduction, aligning with national policies on green recycling [3] Market Opportunity - The existing fleet of heavy trucks presents a significant market opportunity, with the lifecycle demand for 3 million vehicles within the Jiefang system alone estimated to be nearly 100 billion yuan, and the total market potential in the commercial vehicle sector reaching trillions of yuan [3][4] - FAW Jiefang plans to fill the gap in the aftermarket by providing standardized and professional services, transitioning the industry from chaotic growth to orderly development [3] Business Model and Services - "Jiefang Green Movement" will cover the entire industry chain from vehicle sales to scrapping, including parts supply, financial support, and energy replenishment services, enhancing customer loyalty [4] - The company aims to provide competitive remanufactured parts and personalized vehicle modification services, addressing user pain points related to high costs and difficulties in replacing parts for older vehicles [7] Revenue Goals - The "Jiefang Green Movement" has set ambitious revenue targets, aiming to exceed 10 billion yuan in initial orders and reach over 10 billion yuan in revenue by 2028, and over 13 billion yuan by 2030 [5][7] - The focus is not solely on scale but on reducing total cost of ownership (TCO) for users and promoting carbon reduction in the industry, establishing a benchmark for the aftermarket in China's automotive sector [7]

Group 1 - The stock price of FAW Jiefang closed at 7.29 yuan on August 26, 2025, with a slight decrease of 0.01 yuan, representing a drop of 0.14% [1] - The company reported a trading volume of 264,800 hands and a transaction amount of 193 million yuan, with a total market capitalization of 35.876 billion yuan [1] - FAW Jiefang's main business includes the research, production, and sales of commercial vehicles and parts, covering a full range of products such as tractors, cargo trucks, and dump trucks [1] Group 2 - On August 26, the company officially launched the "Jiefang Green Movement" aftermarket brand in Wuxi, aiming to achieve revenue exceeding 10 billion yuan by 2028 [1] - The chairman, Li Sheng, stated that the aftermarket business will become a new growth point for the company, focusing on two core areas: spare parts services and remanufacturing [1] - The "Jiefang Green Movement" will concentrate on three business segments: spare parts services, remanufacturing, and vehicle preparation and modification, aiming to create a new ecosystem for the green development of the commercial vehicle aftermarket [1] Group 3 - On the same day, the net inflow of main funds was 7.4447 million yuan, accounting for 0.02% of the circulating market value [1] - Over the past five days, the cumulative net outflow of main funds reached 7.5622 million yuan, also accounting for 0.02% of the circulating market value [1]

Core Viewpoint - FAW Jiefang is launching the "Jiefang Green Movement" brand to promote green development in the commercial vehicle aftermarket, with a focus on technological innovation and ecological collaboration [1][2]. Group 1: Brand Launch and Strategic Goals - The "Jiefang Green Movement" brand will be officially unveiled at a conference on August 26 in Wuxi, Jiangsu, aiming to create a new blueprint for green development in the commercial vehicle aftermarket [1]. - In 2024, FAW Jiefang plans to operate its aftermarket business independently, integrating resources from its previous Dahu Power Re-manufacturing division to build a comprehensive ecosystem for the commercial vehicle aftermarket [1]. - By 2025, the aftermarket business will relocate to Wuxi, establishing FAW Jiefang Green Re-manufacturing Technology (Wuxi) Co., Ltd., to enhance regional collaboration and market services [1]. Group 2: Technological Innovations and Solutions - As one of the first national pilot units for re-manufacturing, "Jiefang Green Movement" aims to create a closed-loop system for "old parts recovery - re-manufacturing - re-utilization," revitalizing core components like engines and gearboxes [2]. - The initiative will implement vehicle lifecycle solutions using digital tools to analyze vehicle wear patterns, offering customized maintenance plans for each vehicle to maintain optimal performance from production to retirement [2]. - The conference will serve as a "green covenant" across the industry chain, fostering collaboration among various sectors to enhance the full value chain service layout for vehicles, including selection, purchase, use, management, repair, and replacement [2].