汉马科技公告，2025年9月货车(含非完整车辆)产量1208辆，同比增减20.44%，销量1220辆，同比增减 19.02%；其中电动中重卡产量1049辆，同比增减61.63%，销量1068辆，同比增减51.92%；底盘总成产 量37辆，同比增减-77.44%，销量37辆，同比增减-81.31%；醇氢动力系统产量384辆，同比增减7.26%， 销量415辆，同比增减16.25%。 ...

长江商报消息 ●长江商报记者 汪静 中国中车（601766.SH、01766.HK）三季度斩获多项重大合同。 日前，中国中车发布公告，公司及下属企业于2025年7月至9月签订了若干项重大合同，合计金额约543 亿元。 日前，中国中车发布公告，公司及下属企业于2025年7月至9月签订了若干项重大合同，合计金额约543 亿元。 具体来看，7月至9月，公司下属动车企业与中国国家铁路集团有限公司分别签订了总计约378.2亿元的 动车组销售合同。下属机车企业与中国国家铁路集团有限公司、大秦铁路、卢森堡奈克斯铁路公司等分 别签订了总计约94.5亿元的机车销售及维保合同。 此外，公司下属企业与长春市地铁有限责任公司、沈阳地铁集团有限公司运营维护保障分公司、阿根廷 布宜诺斯艾利斯地铁公司等分别签订了总计约34.8亿元的城轨车辆销售及维保合同。 公司下属货车企业与中国国家铁路集团有限公司分别签订了总计约24.8亿元的货车销售合同。公司下属 货车企业与中国国家铁路集团有限公司下属各路局公司分别签订了总计约11.1亿元的货车修理合同。 长江商报记者注意到，近年来，中国中车在频揽国内市场订单的同时，抢抓全球市场机遇，推动业务全 产业 ...

数据来源：中国海关，智研咨询整理 近一年中国货车出口情况统计图 上市企业：江铃汽车（000550），一汽解放（000800），中国重汽（000951），中集车辆（301039）， 东风汽车（600006），福田汽车（600166），汉马科技（600375），江淮汽车（600418） 相关报告：智研咨询发布的《2026-2032年中国货车行业市场专项调研及投资前景研究报告》 根据中国海关数据显示：2025年8月中国货车进口数量为0.03万辆，同比下降63%，进口金额为0.19亿美 元，同比下降65%，2025年8月中国货车出口数量为6.44万辆，同比增长11.9%，出口金额为11.33亿美 元，同比下降1.3%。 近一年中国货车进口情况统计图 数据来源：中国海关，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 ...

Core Viewpoint - China CRRC Corporation Limited (01766) has seen a stock increase of over 4%, currently at 6.1 HKD, with a trading volume of 73.42 million HKD, following the announcement of several significant contracts totaling approximately 54.34 billion RMB [1][2][3] Group 1: Contract Details - The company’s subsidiary in the high-speed train sector signed sales contracts with China National Railway Group totaling approximately 37.82 billion RMB [1] - The locomotive subsidiary entered into sales and maintenance contracts with China National Railway Group, Daqin Railway Co., Ltd., and Luxembourg Nexrail AssetCo S.à.r.1., amounting to about 9.45 billion RMB [1] - Contracts for urban rail vehicle sales and maintenance were signed with Changchun Metro Co., Shenyang Metro Group, and Buenos Aires Subterraneos, totaling around 3.48 billion RMB [1] - The freight subsidiary signed sales contracts with China National Railway Group worth approximately 2.48 billion RMB [1] - Additionally, the freight subsidiary signed repair contracts with various railway bureaus under China National Railway Group, totaling about 1.11 billion RMB [2] Group 2: Financial Impact - The total value of these contracts represents approximately 22% of the company's projected revenue for 2024 under Chinese accounting standards [3]

Group 1 - Yinglian Co., Ltd. expects a net profit of 34.5 million to 37.5 million yuan for the first three quarters of 2025, representing a year-on-year increase of 1531% to 1673% [1] - China CNR Corporation signed major contracts totaling approximately 54.34 billion yuan, accounting for 22% of its expected revenue for 2024 [1] - Shengmei Shanghai reported a total order amount of 9.072 billion yuan, a year-on-year increase of 34.1% [2] Group 2 - Fulian Precision plans to increase capital in its subsidiary Jiangxi Shenghua with a total investment of 35.63 billion yuan, which is expected to constitute a major asset restructuring [3] - Aimeike has obtained a drug registration certificate for Minoxidil topical solution, which is used for treating male pattern baldness [4] - Guolin Technology is planning to acquire 91.07% of Kailianjie’s equity for cash, which is expected to constitute a major asset restructuring [5] Group 3 - Baicheng Co. plans to purchase 55% of Shanghai Canxi Engineering Equipment Co. and will suspend trading of its stock starting September 30, 2025 [6][7] - Diaowei is planning to acquire equity in Rongpai Semiconductor and has suspended trading of its stock [8] - Xiatun New Energy signed a strategic cooperation framework agreement with Zhongwei Co. to establish a long-term partnership in the supply chain for solid-state lithium battery materials [9] Group 4 - Lingyi Zhi Manufacturing is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy [10] - Baicheng Pharmaceutical received clinical trial approval for its innovative drug BIOS-0623-Z4, which targets cancer pain treatment [11] - Weide Information announced a preliminary transfer price of 40.33 yuan per share, representing a 26% discount to its closing price [12] Group 5 - Huayou Cobalt's subsidiary signed contracts with LGES for the supply of 76,000 tons of ternary precursor materials and 88,000 tons of ternary cathode materials from 2026 to 2030 [13] - Hubei Energy signed a cooperation agreement with the Xiangyang Municipal Government to invest 26.7 billion yuan in clean energy projects [14]

Macro Dynamics - As of June 2025, China's banking sector has foreign financial assets totaling $17,721 billion and foreign liabilities of $15,377 billion, resulting in a net foreign asset of $2,344 billion. The net liabilities in RMB amount to $3,171 billion, while net assets in foreign currencies total $5,515 billion. The breakdown of foreign financial assets shows that loans and deposits account for $10,638 billion (60%), bonds for $4,526 billion (26%), and other assets for $2,557 billion (14%) [2]. Visa and Immigration Policies - China has introduced a new K visa category aimed at promoting exchanges and cooperation among young scientific and technological talents, with details to be announced by Chinese embassies and consulates [3]. - Starting September 29, South Korea has implemented a visa waiver policy for group tourists from China, allowing groups of three or more to enter without a visa for up to 15 days [5]. Financial Institutions - Roadhuas Securities has been fined HKD 2.1 million by the Hong Kong Securities and Futures Commission for improper handling of client funds, which included failing to maintain sufficient funds in independent client accounts on 12 occasions between February 2021 and July 2022 [6]. Market Data - On September 29, the A-share market saw all major indices rise, with the Shanghai Composite Index increasing by 0.9%, the Shenzhen Component by 2.05%, and the ChiNext Index by 2.74%. The total trading volume across the Shanghai and Shenzhen exchanges was CNY 21,781 billion, an increase of CNY 120 billion from the previous day [7]. - The margin financing balance in the two markets decreased by CNY 19.253 billion as of September 26, with the Shanghai Stock Exchange reporting a balance of CNY 12,188.55 billion and the Shenzhen Stock Exchange reporting CNY 11,815.43 billion [8]. Company Dynamics - China CNR Corporation announced several major contracts signed between July and September 2025, totaling approximately CNY 543.4 billion, which represents about 22% of the company's projected revenue for 2024 [11]. - The actual controller of *ST Muban has been placed under investigation by the China Securities Regulatory Commission for failing to disclose non-operational fund transactions, with the stock experiencing a 21.71% increase over four consecutive trading days [12]. - Visa has appointed Elaine Chang as the new president for the Greater China region, succeeding Shirley Yu, who is set to retire at the end of the year [13]. - JD Health announced the resignation of its CEO, Jin Enlin, effective September 29, 2025, with Cao Dong appointed as the new CEO [14]. - Hainan Duty-Free Company has increased its registered capital from CNY 1.2 billion to CNY 1.7 billion, marking a 42% increase [15][16]. - AstraZeneca plans to list its shares on the New York Stock Exchange while retaining its headquarters in the UK [17]. - XGIMI Technology has submitted a listing application to the Hong Kong Stock Exchange, with CICC as the exclusive sponsor [18].

Core Viewpoint - China CRRC Corporation Limited and its subsidiaries have recently signed several significant contracts totaling approximately 54.34 billion RMB, indicating strong demand and growth potential in the rail transport sector [1][2]. Group 1: Contract Details - The subsidiary responsible for high-speed trains signed sales contracts with China National Railway Group totaling approximately 37.82 billion RMB [1]. - The locomotive subsidiary signed sales and maintenance contracts with various entities, including China National Railway Group and Luxembourg Nexrail, totaling about 9.45 billion RMB [1]. - Contracts for urban rail vehicles and maintenance were signed with companies such as Changchun Metro and Buenos Aires Metro, amounting to approximately 3.48 billion RMB [1]. - The freight car subsidiary signed sales contracts with China National Railway Group totaling around 2.48 billion RMB [1]. - Additionally, the freight car subsidiary signed repair contracts with various regional railway companies totaling approximately 1.11 billion RMB [1]. Group 2: Financial Impact - The total value of these contracts represents about 22% of the company's projected revenue for 2024 under Chinese accounting standards [2].

Core Viewpoint - China CNR Corporation Limited (601766) has recently signed several significant contracts totaling approximately 54.34 billion RMB, which will contribute to its revenue in the upcoming years [1][2] Group 1: Contract Details - The company's subsidiary in the high-speed train sector signed sales contracts with China National Railway Group totaling approximately 37.82 billion RMB [1] - The locomotive subsidiary signed sales and maintenance contracts with China National Railway Group, Daqin Railway (601006), and Luxembourg Nexrail totaling approximately 9.45 billion RMB [1] - Contracts for urban rail vehicle sales and maintenance were signed with Changchun Metro, Shenyang Metro, and Buenos Aires Metro, amounting to approximately 3.48 billion RMB [1] - The freight car subsidiary signed sales contracts with China National Railway Group totaling approximately 2.48 billion RMB [1] - The freight car subsidiary also signed repair contracts with various railway bureaus under China National Railway Group totaling approximately 1.11 billion RMB [1] Group 2: Financial Impact - The total amount of these contracts represents approximately 22% of the company's projected revenue for 2024 under Chinese accounting standards [2]

Core Viewpoint - China CRRC Corporation Limited has recently signed several significant contracts totaling approximately 54.34 billion RMB, which will contribute to its revenue in the upcoming years [1][2] Group 1: Contract Details - The company's subsidiary in the high-speed train sector signed sales contracts with China National Railway Group totaling approximately 37.82 billion RMB [1] - The locomotive subsidiary signed sales and maintenance contracts with various entities, including China National Railway Group and Luxembourg Nexrail, amounting to about 9.45 billion RMB [1] - Contracts for urban rail vehicle sales and maintenance were signed with companies such as Changchun Metro and Buenos Aires Metro, totaling around 3.48 billion RMB [1] - The freight car subsidiary signed sales contracts with China National Railway Group worth approximately 2.48 billion RMB [1] - Additionally, the freight car subsidiary entered into repair contracts with various railway bureaus under China National Railway Group, totaling about 1.11 billion RMB [1] Group 2: Financial Impact - The total value of these contracts represents approximately 22% of the company's projected revenue for 2024 under Chinese accounting standards [2]

Core Viewpoint - China CRRC Corporation Limited (601766.SH) announced the signing of several major contracts totaling approximately 54.34 billion yuan, which represents about 22% of the company's projected revenue for 2024 under Chinese accounting standards [1] Summary by Category - **Contract Details** - The contracts include approximately 37.82 billion yuan in sales contracts for high-speed trains with China National Railway Group [1] - There are also contracts worth about 9.45 billion yuan for locomotives sales and maintenance [1] - Additionally, contracts for urban rail vehicles sales and maintenance total approximately 3.48 billion yuan [1] - The freight car sales contracts amount to about 2.48 billion yuan, along with repair contracts totaling approximately 1.11 billion yuan [1]