细分车型，特种车12月单月产销量和全年产销量同比去年都有显著增长，月度销量同比增长90%，年度同比增 长10.4%；皮卡产销量下降显著，成为了整体下滑的主要原因。 数据显示，汽车零部件板块表现突出。12月车桥产量达56832支，新能源车桥产量占比显著提升，全年新能源 车桥产量同比增长86.04%。自配车桥产量同步增长，进一步完善了公司产业链协同布局。 1月10日，曙光股份发布2025年12月产销数据快报，公告显示，整车业务方面，2025年全年累计产量1848辆、 销量1720辆，同比分别下降22.74%和40.83%；其中12月单月产量70辆、销量164辆，同比降幅分别为83.72%和 75.78%。 | | | | | 产品名称 | | | 月度对比 | | | 年度对比 | STATE STATE PRODUCT PRODUCTION CONSULTION CONSULTION OF | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 本月 | 去年同期 | 增减% | 本年累计 | 去年累计 | 增减% | | | | 客车 ...

股票简称：曙光股份 证券代码：600303 编号：临 2026-001 | 单位：辆 | | --- | | | | 产品名称 | | 月度对比 | | | 年度对比 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 本月 | 去年同期 | 增减% | 本年累计 | 去年累计 | 增减% | | | | 客车 | 27 | 44 | -38.64% | 147 | 145 | 1.38% | | | | 皮卡 | 5 | 366 | -98.63% | 1510 | 2074 | -27.19% | | 产 | 整车 | 特种车 | 38 | 20 | 90.00% | 191 | 173 | 10.40% | | 量 | | 合计 | 70 | 430 | -83.72% | 1848 | 2392 | -22.74% | | | | 其中：新能源客车 | 26 | 44 | -40.91% | 109 | 139 | -21.58% | | | 其他 | 客车非完整车辆 | 0 | 0 | - | 400 | 0 | 净 ...

曙光股份公告，2025年12月整车产量70辆，增减-83.72%，其中客车27辆、皮卡5辆、特种车38辆；销量 164辆，增减-75.78%，其中客车28辆、皮卡98辆、特种车38辆。12月车桥产量47826支，增减-66.69%， 其中新能源车桥25358支，增减-74.29%；销量56832支，增减-52.02%，其中新能源车桥33763支，增 减-53.47%。 ...

合肥美桥汽车2008年12月成立，位于合肥经开区 。 特别关注的是，江淮增持合肥美桥，旨在强化底盘与传动核心部件自研自产能力， 绑定电驱桥等新能源关键技术与产能，降本增效保供应链稳定，深化与AAM技术协同，支撑乘商新能源转型，拓展配套市场。 近日，合肥美桥汽车传动及底盘系统有限公司投资方悄然发生变化，新增股东50%控股，控股方为合肥江淮汽车有限公司。 ● 冲刺1.3万辆目标，质子汽车2026年怎么干？| 头条 ● 再"爆单"！总价超6.9亿！中车电动2026行业首批纯电公交即将交付 | 头条 ● 新一批客车招标项目来了 | 头条 ● 解放/福田巨资搞新能源 全柴/庆铃股东换血！2025商用车企资本"地震"频发 | 头条 ● 从大连到新加坡，中车电动为何能接连斩获国内外大单？ 主营车桥、悬架、分动器/主减等，年产商用车桥40万台，是省级专精特新，服务江淮、奇瑞、福田等头部车企 。 i t 4 4 长按识别 皮卡空间站公众号 L 今日头条号 长按识别 I I 7 1 2 2 百家号 长按识别 ■ 微信视频号 长按识别 ■ 快手号 长按识别 ...

证券日报网讯 12月10日，中国重汽在互动平台回答投资者提问时表示，公司专注于重型载重汽车、重 型专用车底盘、车桥等汽车配件的制造及销售业务，并借助重汽国际公司实现公司产品出口。 （文章来源：证券日报） ...

| | | 产品名称 | 月度对比 | | | 年度对比 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 本月 | 去年同期 | 增减% | 本年累计 去年累计 | 增减% | | 产 | 整车 | 客车 | 79 | 44 | 79. 55% | 120 101 | 18. 81% | | | | 皮卡 | 1 | 5 | -80. 00% | 1505 1708 | -11. 89% | | | | 特种车 | 5 | 12 | -58. 33% | 153 153 | 0. 00% | | 물 | | 合计 | 85 | 61 | 39. 34% | 1778 1962 | -9. 38% | | | | 其中:新能源客车 | 79 | 44 | 79. 55% | 83 95 | -12. 63% | | | 其他 | 客车非完整车辆 | 0 | 0 | l | 400 0 | 浄槽 | | | 汽车零 | 车桥(支) | 56890 | 112278 | -49. 33% | 1089759 842223 | 29. 39% ...

辽宁曙光汽车集团股份有限公司 2025 年 12 月 6 日 单位：辆 产 量 产品名称 月度对比 年度对比 本月 去年同期 增减% 本年累计 去年累计 增减% 整车 客车 79 44 79.55% 120 101 18.81% 皮卡 1 5 -80.00% 1505 1708 -11.89% 特种车 5 12 -58.33% 153 153 0.00% 合计 85 61 39.34% 1778 1962 -9.38% 其中：新能源客车 79 44 79.55% 83 95 -12.63% 其他 客车非完整车辆 0 0 - 400 0 净增 汽车零 部件 车桥（支） 56890 112278 -49.33% 1089759 842223 29.39% 其中：新能源车桥 37902 72889 -48.00% 718012 384631 86.68% 销 量 整车 客车 79 46 71.74% 109 106 2.83% 皮卡 123 63 95.24% 1294 1971 -34.35% 特种车 5 12 -58.33% 153 153 0.00% 合计 207 121 71.07% 1556 2230 - ...

曙光股份公告称，2025年月度产销数据显示，整车方面，客车本月产量79辆，同比增79.55%，本年累 计120辆，同比增18.81%；皮卡本月产量1辆，同比降80%，本年累计1505辆，同比降11.89%。汽车零部 件方面，车桥本月产量56890支，同比降49.33%，本年累计1089759支，同比增29.39%。销量上，整车 合计本月207辆，同比增71.07%，本年累计1556辆，同比降30.22%；车桥本月销售56022支，同比降 44.44%，本年累计1120284支，同比增40.40%。 ...

Core Insights - The company held an earnings briefing on November 21, 2025, addressing key investor concerns regarding cost reduction, efficiency improvement, new energy strategies, overseas expansion, and third-quarter profit enhancement [1] Group 1: Cost Reduction and Efficiency - The company has established a comprehensive cost reduction system covering the entire value chain from R&D to operations, achieving phase results through technological innovation and enhanced supply chain collaboration [1] - Measures for cost reduction and efficiency are progressing as planned, contributing to improved operational performance [1] Group 2: Competitive Advantages - The company's competitive edge lies in three main areas: a complete independent R&D system from advanced technology to core components, a deep layout in the new energy sector covering the entire industry chain, and a robust marketing service system that has expanded to 100 countries [1] - The company has initiated the establishment of subsidiaries in eight countries, including Uzbekistan and Indonesia, to support its international strategy [1] Group 3: New Energy Strategy - The new energy transition is a focal point for investors, with the company implementing the "15333 strategy" since 2021 to cover the entire supply chain [1] - The company is transitioning from traditional vehicle electrification to differentiated independent components, aiming to enhance competitive advantages through increased resource investment and innovative marketing models [1] Group 4: Third-Quarter Profit Improvement - The increase in third-quarter profits is attributed to rapid sales growth, optimized product structure, and ongoing cost control measures [1] - The company is focusing on enhancing the contribution of key models to overall sales while maintaining strict expense management [1] Group 5: Market Value Management - The company has developed a market value management system to address investor concerns about short-term profits versus strategic investments [1] - It aims to balance scale and efficiency by optimizing product structure, increasing the proportion of high-value models, and expanding overseas markets [1] - The company has distributed approximately 6.29 billion in dividends and plans to continue improving operations and performance to reward investor trust [1]

Core Viewpoint - The termination of the private placement plan marks a significant setback for the company, cutting off a crucial financing channel and casting a shadow over its future operations [2] Financial Performance - For the first three quarters of 2025, the company reported total revenue of 1.172 billion, a year-on-year increase of 24.13%, but a net profit attributable to shareholders of -222 million, indicating continued losses [2] - In Q3 2025, the company achieved revenue of 307 million, a year-on-year growth of 5.09%, but the net profit attributable to shareholders was -76.59 million, an increase of 11.99% in losses compared to the previous year [2] Profitability and Efficiency - The company's gross profit margin for the first three quarters of 2025 was only 2.26%, despite a significant year-on-year increase of 92.84%, remaining well below the industry average of 12.19% [3] - The axle business accounted for 60.18% of total revenue, while the complete vehicle business, which constituted 26.09% of revenue, was operating at a loss with a negative gross profit margin [3] Cash Flow and Debt Situation - The company faced severe cash flow pressure, with a net cash flow from operating activities of -61.18 million, a significant deterioration year-on-year [4] - The company's monetary funds stood at 135 million, while interest-bearing liabilities reached 751 million, a year-on-year increase of 20.30%, resulting in a cash coverage ratio of only 12.29% for current liabilities [4] - The debt ratio was reported at 65.17%, up from 55.80% in the previous year, indicating worsening asset quality [4] Challenges and Future Outlook - Following the termination of the private placement, the company must seek new financing channels to alleviate cash flow pressures and improve its financial condition [5] - The company needs to enhance its core competitiveness in an increasingly competitive automotive industry and address its low gross profit margin [5] - The decline in accounts receivable from 331 million to 265 million indicates some improvement, but the efficiency of capital turnover still requires enhancement [5] - The termination of the private placement serves as a warning signal regarding the overall operational status of the company, especially during a critical period of transition to new energy vehicles [5]