Core Viewpoint - Jinlong Automobile (600686.SH) reported significant growth in its Q3 2025 financial results, indicating strong operational performance and profitability improvements [1] Financial Performance - The company's operating revenue reached 6.002 billion yuan, representing a year-on-year increase of 29.43% [1] - Net profit attributable to shareholders was 131 million yuan, showing a remarkable year-on-year increase of 1211.04% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 71.448 million yuan, reflecting a year-on-year increase of 260.19% [1]

Financial Performance - The company's operating revenue for the third quarter reached ¥6,001,987,073.84, representing a year-on-year increase of 29.43%[3] - The total profit for the quarter was ¥174,902,948.81, a significant increase of 737.01% compared to the same period last year[3] - The net profit attributable to shareholders was ¥131,056,760.01, reflecting a remarkable growth of 1,211.04% year-on-year[3] - The basic earnings per share for the quarter was ¥0.18, an increase of 800.00% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2025 reached ¥16.33 billion, a 13.5% increase from ¥14.40 billion in the same period of 2024[16] - Operating profit increased significantly to ¥335.13 million, compared to ¥133.75 million in the previous year, marking a growth of 150.5%[16] - Net profit attributable to shareholders of the parent company rose to ¥247.29 million, up 224.5% from ¥76.39 million in the prior year[17] - Basic earnings per share increased to ¥0.34, compared to ¥0.11 in the same period last year[17] - The total comprehensive income for the period was ¥325.17 million, significantly higher than ¥144.02 million in the previous year[17] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥573,985,290.70, a decline of 131.37% compared to the previous year[3] - Cash flow from operating activities generated ¥946.26 million, a decrease of 27.4% compared to ¥1.30 billion in the same period last year[20] - Cash and cash equivalents at the end of the period totaled ¥4.97 billion, up from ¥4.63 billion at the end of the previous year[21] - The cash and cash equivalents decreased to CNY 5,833,117,058.19 from CNY 6,233,876,853.55, a decline of approximately 6.43%[12] Assets and Liabilities - The total assets at the end of the reporting period were ¥27,642,561,901.72, showing a slight increase of 1.13% from the end of the previous year[4] - The company's current assets totaled CNY 19,813,929,095.17, compared to CNY 19,147,576,907.41 at the end of 2024, reflecting a growth of approximately 3.47%[12] - Total liabilities reached CNY 23,551,507,407.16, up from CNY 23,027,308,666.76, indicating an increase of approximately 2.27%[13] - The company's short-term borrowings decreased to CNY 450,955,042.84 from CNY 529,855,422.60, a reduction of about 14.8%[13] - The total non-current liabilities decreased to CNY 4,537,264,100.12 from CNY 5,670,488,477.01, reflecting a significant reduction of approximately 19.94%[13] Shareholder Information - The company reported a total of 61,250 common shareholders at the end of the reporting period[9] - The top shareholder, Fujian Automotive Industry Group Co., Ltd., holds 32.25% of the shares, totaling 231,227,846 shares[9] - The equity attributable to shareholders increased to ¥3,269,194,011.45, up by 0.61% from the previous year-end[4] - The total equity attributable to shareholders was CNY 3,269,194,011.45, slightly up from CNY 3,249,462,762.74, showing a marginal increase of around 0.61%[13] Research and Development - Research and development expenses amounted to ¥551.30 million, an increase of 6.7% from ¥516.54 million in 2024[16] Other Financial Metrics - The weighted average return on net assets rose to 3.91%, an increase of 3.59 percentage points year-on-year[3] - The company reported a net cash outflow from investing activities of ¥579.82 million, an improvement from a net outflow of ¥2.08 billion in 2024[20] - The company experienced a foreign exchange gain of ¥37.64 million, compared to a gain of ¥16.74 million in the same period last year[21] - The company's accounts receivable remained relatively stable at CNY 4,536,647,809.04, compared to CNY 4,573,734,490.29, indicating a slight decrease of about 0.81%[12] - The inventory increased significantly to CNY 3,147,420,173.68 from CNY 2,063,288,075.72, representing a growth of about 52.5%[12] - The company reported a net profit margin improvement, with retained earnings increasing to CNY 1,010,478,893.11 from CNY 842,062,131.83, an increase of about 19.98%[13]

证券代码：600686 证券简称：金龙汽车 公告编号：2025-075 厦门金龙汽车集团股份有限公司 关于召开2025年第三季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、说明会类型 会议召开时间：2025 年 11 月 12 日（星期三）15:00-16:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 三、参加人员 董事长陈锋先生、独立董事赵蓓女士、副总裁吴文彬先生、财务总监彭晓冬 先生、董事会秘书季晓健先生（如遇特殊情况，参会人员可能进行调整）。 四、投资者参加方式 投 资 者 可 于 2025 年 11 月 12 日 （ 星 期 三 ） 15:00-16:00 通 过 网 址 https://eseb.cn/1sK5kZhBGDu 或使用微信扫描下方小程序码即可进入参与互动交 流。投资者可于 2025 年 11 月 12 日 16:00 前进行提问，公司将通过本次业绩说 明会，在信息披露允许范围内就投资者普遍关注的问题进行回答。 厦门 ...

一、审议通过《监事会对公司 2025 年第三季度报告的书面审核意见》 监事会对公司 2025 年第三季度报告进行了审核，认为公司 2025 年第三季度 报告的编制和审议程序符合法律法规、公司章程和公司信息披露管理制度的规定， 报告的内容和格式符合中国证监会和证券交易所的各项规定，所包含的信息能从 各方面真实、准确、完整地反映出公司 2025 年第三季度的经营管理和财务状况。 在出具本意见前，未发现参与 2025 年第三季度报告编制和审议的人员有违反保 密规定的行为。 （表决情况：3 票同意、0 票反对、0 票弃权） 特此公告。 证券代码：600686 证券简称：金龙汽车 编号：2025-074 厦门金龙汽车集团股份有限公司 第十一届监事会第十六次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 厦门金龙汽车集团股份有限公司（以下简称公司或金龙汽车）第十一届监事 会第十六次会议通知于 2025 年 10 月 27 日以书面形式发出，并于 2025 年 10 月 30 日以通讯方式召开。会议应参会监事 3 人，实际参会 ...

厦门金龙汽车集团股份有限公司 第十一届董事会第十七次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：600686 证券简称：金龙汽车 编号：2025-073 特此公告。 厦门金龙汽车集团股份有限公司董事会 2025 年 10 月 31 日 厦门金龙汽车集团股份有限公司（以下简称公司或金龙汽车）第十一届董事 会第十七次会议通知于 2025 年 10 月 27 日以书面形式发出，并于 2025 年 10 月 30 日以通讯方式召开。本次会议应参会董事 7 人，实际参会董事 7 人；公司监 事及高级管理人员列席了本次会议。会议的召开符合《中华人民共和国公司法》 《厦门金龙汽车集团股份有限公司章程》的规定，会议合法有效。会议由董事长 陈锋召集并主持，经与会人员认真审议，形成如下决议： 1 一、审议通过《公司 2025 年第三季度报告》 本议案已经公司董事会审计委员会审议通过，并同意提交董事会审议。详见 上海证券交易所网站《金龙汽车 2025 年第三季度报告》。 （表决情况：7 票同意，0 票反对，0 票弃权） ...

Group 1 - The commercial vehicle sector increased by 0.98% on October 30, with Yutong Bus leading the gains [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] - Key stocks in the commercial vehicle sector showed varied performance, with Yutong Bus rising by 5.54% to a closing price of 32.20 [1] Group 2 - The main capital inflow in the commercial vehicle sector was 186 million yuan, while retail investors saw a net outflow of 50.39 million yuan [3][4] - The stock performance of major companies included: - Yutong Bus: 32.20, +5.54%, 309,400 shares traded - Zhongjun Vehicles: 9.53, +2.58%, 204,800 shares traded - China National Heavy Duty Truck: 17.48, +1.81%, 206,700 shares traded [1][3] Group 3 - The main capital inflow for key stocks included Jinlong Automobile with 71.62 million yuan and Jianghuai Automobile with 59.01 million yuan [4] - Yutong Bus experienced a net inflow of 45.81 million yuan from main capital, while retail investors had a net outflow of 11.08 million yuan [4]

Market Overview - The commercial vehicle sector experienced a decline of 0.59% on October 29, with Jinlong Automobile leading the drop [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Individual Stock Performance - Foton Motor (600166) closed at 2.84, up 1.79% with a trading volume of 1.1252 million shares and a turnover of 316 million yuan [1] - Zhongjun Vehicles (301039) closed at 9.29, up 1.64% with a trading volume of 147,500 shares and a turnover of 137 million yuan [1] - Hanma Technology (600375) closed at 7.48, up 1.22% with a trading volume of 530,900 shares and a turnover of 394 million yuan [1] - JMC (000550) closed at 20.24, up 0.70% with a trading volume of 44,800 shares and a turnover of 89.75 million yuan [1] - Jianghuai Automobile (600418) closed at 51.97, up 0.43% with a trading volume of 269,300 shares and a turnover of 1.394 billion yuan [1] - Dongfeng Motor (600006) closed at 7.68, up 0.26% with a trading volume of 214,400 shares and a turnover of 164 million yuan [1] - China National Heavy Duty Truck (000951) closed at 17.17, down 0.41% with a trading volume of 101,500 shares and a turnover of 174 million yuan [1] - Ankai Bus (000868) closed at 5.39, down 1.28% with a trading volume of 212,900 shares and a turnover of 115 million yuan [1] - Shuguang Co. (600303) closed at 3.82, down 1.29% with a trading volume of 197,500 shares and a turnover of 75.27 million yuan [1] Capital Flow Analysis - The commercial vehicle sector saw a net outflow of 335 million yuan from institutional investors, while retail investors had a net inflow of 374 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors are more active [2] Detailed Capital Flow for Selected Stocks - Foton Motor experienced a net outflow of 36.94 million yuan from institutional investors, with a 11.69% share of the total [3] - JMC saw a net inflow of 13.65 million yuan from institutional investors, representing 15.20% of the total [3] - Dongfeng Motor had a net outflow of 7.40 million yuan from institutional investors, with a 4.51% share [3] - Ankai Bus had a net inflow of 0.83 million yuan from retail investors, representing 0.72% of the total [3] - Shuguang Co. had a significant net outflow of 64.58 million yuan from institutional investors, indicating weaker institutional interest [3]

Core Viewpoint - Jinlong Automobile announced that its shareholder, Fujian Investment Group, completed its share reduction plan with no shares sold during the designated period [1] Group 1: Company Performance - Jinlong Automobile's revenue composition for the year 2024 is as follows: bus manufacturing accounts for 95.21%, while other businesses contribute 4.79% [1] - As of the report date, Jinlong Automobile has a market capitalization of 11.1 billion yuan [1]

证券代码：600686 证券简称：金龙汽车 公告编号：2025-072 厦门金龙汽车集团股份有限公司 1 持股 5%以上大股东的基本情况：截止本公告披露日，公司股东福建省投资开 发集团有限责任公司（以下简称"福建投资集团"）持有金龙汽车集团股份 有限公司（以下简称"金龙汽车"或"公司"）普通股股份 73,927,575 股， 占公司总股本比例为 10.31%，以上股份来源于公司 2015 年非公开发行取得。 减持计划的实施结果情况：2025 年 7 月 4 日，公司披露了《厦门金龙汽车集 团股份有限公司关于持股 5%以上股东集中竞价减持股份计划公告》（公告编号： 2025-047），根据福建投资集团自身经营需要，拟在公告披露之日起 15 个交 易日后的 3 个月内（2025 年 7 月 25 日至 2025 年 10 月 24 日），通过集中竞价 方式减持金龙汽车股份数量合计不超过 7,170,474 股，即减持比例不超过公 司总股本的 1%。 | | 其他：无 | | --- | --- | | 持股数量 | 73,927,575股 | | 持股比例 | 10.31% | | 当前持股股份来源 | 非公开发 ...

Market Overview - The Shanghai Composite Index rose by 1.18% on October 27, with 28 out of 31 sectors experiencing gains, led by the communication and electronics sectors, which increased by 3.22% and 2.96% respectively [1] - The automotive sector saw a modest increase of 0.66%, while the media, food and beverage, and real estate sectors faced declines of 0.95%, 0.20%, and 0.11% respectively [1] Capital Flow Analysis - The overall net outflow of capital from the two markets was 136 million yuan, with 12 sectors experiencing net inflows [1] - The electronics sector had the highest net inflow of capital, totaling 6.112 billion yuan, followed by the non-ferrous metals sector with a net inflow of 2.529 billion yuan [1] Automotive Sector Performance - Within the automotive sector, 280 stocks were tracked, with 170 stocks rising and 103 stocks declining; 4 stocks hit the daily limit up [2] - The top three stocks with the highest net inflow were Jianghuai Automobile (2.08 billion yuan), Jinlong Automobile (1.90 billion yuan), and Xinquan Co. (1.20 billion yuan) [2] - The sector experienced a net outflow of 2.176 billion yuan, with nine stocks seeing outflows exceeding 100 million yuan, led by Seres (4.81 billion yuan), Top Group (3.33 billion yuan), and BYD (2.63 billion yuan) [2][3] Automotive Sector Capital Inflow and Outflow - The top gainers in the automotive sector included Jianghuai Automobile (5.01%), Jinlong Automobile (10.01%), and Xinquan Co. (2.12%) [2] - The stocks with the highest capital outflow included Seres (-0.61%), Top Group (-0.85%), and BYD (0.24%) [3]