2025-12-31 08:26Group 1: Investor Relations Activities - The company participated in multiple one-on-one roadshow meetings from December 1 to December 26, 2025, with various financial institutions including CITIC Securities and Southern Fund [2] - The company also attended several broker strategy meetings during the same period, including events hosted by Guojin Securities and Dongfang Securities [3] Group 2: Business Performance and Strategy - The company's performance has been under pressure due to geopolitical issues and trade conflicts affecting the North American market, leading to a structural change in the market [3] - In Q3 2025, the North American semi-trailer market demand remained weak, with new order volumes at historical lows, and dealer inventories down nearly 50% year-on-year [5] - The company aims to enhance its supply chain resilience in North America while expanding its global southern market strategy, achieving a revenue growth of 15.79% and a sales increase of 21.39% in the southern semi-trailer business in the first three quarters of 2025 [7][8] Group 3: Product Development and Innovation - The company is focusing on developing a "pure electric head and trailer integrated product" to meet user needs throughout the product lifecycle [4] - The "Three Good Development" initiative has established 15 centers nationwide, with plans for 10 more, contributing to the sales of over 30,000 vehicles [6][7] Group 4: Market Expansion and Local Adaptation - The company is actively building local assembly and delivery centers in the global southern market, enhancing local economic integration and creating jobs [8] - The company is committed to supporting the construction of a unified national market by establishing a marketing service company in the northwest and improving resource coordination [9]