调研详情如下： 公司于2025年5月7日(星期三)至2025年5月9日(星期五)在上海、杭州、北京参与多家券商策略会,并进行 了2025年一季度业绩路演交流。上述交流不涉及应披露的重大信息。公司首先就2025年一季度宏观行业 现状、经营状况、财务表现与战略发展进行介绍,其后与投资者进行问答与交流。互动问答内容如下: 1.请问贵司2025年一季度EV·DTB上装业务业绩表现如何? 答:2025年一季度,本公司EV·DTB上装业务实现销量0.6万台,同比增长11.6%,营收达6.6亿元,贡献毛利0.2 亿元。EV·DTB上装业务全面促进"好马配好鞍"的商业模式。EV-DTB·渣土车大力拓展与各主机厂的合 作,并加强一体化联合出海,探索和实践CKD与KD模式,强化整车竞争力,销量同比增长13.8%。EV-DTB·搅 拌车深化与重卡底盘企业的合作,积极开发轻量化、智能化、自动化的创新产品。EV-DTB·冷藏车在专 业上装设计向底盘+厢体+冷机+网联装置一体化方向推进,在市场端与主机厂联合推广实现战略协同。 2025年5月12日，中集车辆披露接待调研公告，公司于5月9日接待信达证券、信达资管、鹏泰投资、信 达证券、平安 ...

Group 1: Financial Performance - In Q1 2025, the company achieved revenue of CNY 4.591 billion and a net profit of CNY 1.79 billion, with a net cash flow from operating activities of CNY 590 million, representing a year-on-year increase of 59.07% [2][3] - The global semi-trailer business generated revenue of CNY 3.26 billion, contributing a gross profit of CNY 530 million, with domestic semi-trailer sales increasing by 10.6% and revenue up by 5.1% year-on-year [3][4] - The company's EV·DTB business sold 6,000 units, achieving revenue of CNY 660 million and a gross profit of CNY 20 million, marking an 11.6% year-on-year increase in sales [3] Group 2: Market Development - The domestic semi-trailer market showed resilience, with sales driven by the "Starlink Plan" and "Rising Plan," resulting in a 10.6% increase in sales and a 5.1% rise in revenue [4] - The "Starlink" semi-trailer sales increased by 12.0%, with modular product sales accounting for approximately 40% of total sales [4] - In North America, the company sold 4,156 semi-trailers, generating revenue of USD 18 million, but faced a decline in sales and revenue due to supply chain disruptions and economic concerns [5][6] Group 3: Strategic Initiatives - The company is focusing on enhancing its supply chain resilience in North America by increasing local procurement and establishing backup supplies for key components from Thailand [6] - Plans to optimize asset structure and profitability include setting a return on equity (ROE) target to cover capital costs and improve asset efficiency [7][8] - The company aims to balance short-term and long-term goals by establishing a risk management system and monitoring market fluctuations, with a focus on long-term value creation [8]