中国重汽(000951) - 2025年9月26日投资者关系活动记录表

Group 1: Production and Sales Performance - In the first eight months of 2025, China's heavy truck market cumulative sales reached 71.1 thousand units, representing a year-on-year growth of approximately 14% [2] - In August alone, the heavy truck market sold about 8.7 thousand units, showing a month-on-month increase of 2% and a year-on-year increase of approximately 39% [2] - The company has maintained a growth trend in production and sales compared to the same period last year, with a relatively full order book since the third quarter [2] Group 2: New Energy Heavy Truck Development - In the first eight months of 2025, cumulative sales of new energy heavy trucks reached 113.7 thousand units, with a year-on-year growth of 180% [3] - The company's sales of new energy heavy trucks have outpaced the industry growth rate [3] - The new energy heavy truck sector is experiencing rapid development, driven by policy support and technological innovation [3] Group 3: Subsidiary Business Overview - The axle company is a subsidiary in which the company holds a 51% stake, providing products to the group's vehicle manufacturing units, ensuring stable market demand and revenue [3] - The aftermarket company, a wholly-owned subsidiary, focuses on truck aftermarket services, including parts, oil products, and after-sales services [3] Group 4: Accounts Receivable Management - The company's accounts receivable increased year-on-year due to a 14.1% rise in sales in the first half of 2025, which correspondingly increased accounts receivable [3] - The company plans to implement a comprehensive management approach to control accounts receivable, including pre-approval, process management, and post-monitoring [4] Group 5: Inventory Management - The company emphasizes inventory control, maintaining a healthy and manageable inventory level through continuous internal process optimization [5][6] - Future strategies will focus on dynamic and lean inventory management to ensure market supply while optimizing inventory structure for high-quality development [6]