中国重汽(000951) - 2026年1月23日投资者关系活动记录表

Group 1: Company Performance - In 2025, China's heavy truck market total sales reached 1.145 million units, a year-on-year increase of 27% [1] - The company maintained a strong growth trend in production and sales compared to the previous year, with a healthy order backlog [1] - The company continues to hold a leading market share in the heavy truck industry through enhanced product competitiveness and market expansion [1] Group 2: Natural Gas Heavy Trucks - In 2025, cumulative sales of natural gas heavy trucks reached 198,700 units, reflecting a year-on-year growth of 12% [2] - Technological advancements are narrowing the performance gap between natural gas and diesel trucks [2] - The company remains optimistic about the natural gas heavy truck market and plans to enhance product competitiveness and long-term strategic positioning [2] Group 3: New Energy Heavy Trucks - In 2025, cumulative sales of new energy heavy trucks in China reached 231,100 units, a significant year-on-year increase of 182% [3] - In December 2025 alone, sales of new energy heavy trucks totaled 45,300 units, up 189% year-on-year [3] - The new energy heavy truck market is experiencing rapid growth driven by policy support and technological innovation, with the company committed to deepening its involvement in this sector [3] Group 4: Subsidiary Operations - The axle company, a subsidiary, is 51% owned by the company and supplies products to the group's vehicle production 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 5: Export Performance - The company leverages the international division of the group for its export business, maintaining the industry’s leading position in exports for 21 consecutive years [5] - The export business continues to show good growth, with a market presence in over 150 countries and regions, primarily in Africa, Southeast Asia, Central Asia, and the Middle East [5]