7月，国内乘用车市场在传统淡季中展现出韧性，多项核心指标创当月历史新高。乘联分会公布的数据显示，当月国内狭义乘用车市场零售销量达183.7万 辆，同比增长6.9%，环比下降11.9%。 | | 7月销量 | 1-7月累计销量 | | --- | --- | --- | | 轿车 | 84.1万辆 | 587.5万辆 | | | 同比↑6.4% 环比↓ 11.4% | 同比↑10.2% | | VPV | 8.9万辆 | 59.8万辆 | | of | 同比↑ 6.7% 环比↓ 7.7% | 同比↑ 6.0% | | SUV | 90.8万辆 | 626.7万辆 | | | 同比↑ 7.5% 环比↓ 12.7% | 同比↑10.7% | | VEV | 98.6万辆 | 645.5万辆 | | | 同比↑ 12.0% 环比↓ 11.3% | 同比↑29.5% | 具体车型类别上，新能源车在7月销量达到98.6万辆，同比上升12.0%，环比下滑11.3%。得益于新能源车销量持续突破，轿车、SUV以及MPV的销量均实现 同比上涨。其中轿车销量为84.1万辆，SUV销量90.8万辆，MPV为8.9万辆。 品牌阵容方面 ...

吉利汽车在不同时期推出的智能网联车型，因市场定位、价格及配置存在差异，对应的用户权益方案会 有所不同。但需明确的是，销售时向用户承诺的包含 E-CALL 在内的权益，始终保持一致，不会进行 任何变更或减配。 二、关于"基础流量"的具体内容 此前在"基础流量"包含的权益信息传递中，存在不一致的情况。为消除用户的误解与疑惑，现统一说 明:"基础流量"权益通常涵盖车辆远程控制、在线导航、语音助手、天气查询、OTA 升级等功能。具体 所含功能，请以您所购车型的实际配置为准。 以上权益，覆盖吉利中国星及吉利银河品牌旗下所有车型。衷心感谢全球超 1800 万用户的信任与支 持。我们将始终秉持"用户至上"的理念，持续努力，为每一位用户打造更智能、更绿色、更便捷的出行 体验。 【#吉利汽车回应基础流量权益变更#，承诺用户权益不变】针对部分用户对吉利汽车旗下车型"基础流 量"等权益的疑问，吉利汽车今日发布声明。 原文如下。 近期，我们留意到部分用户对吉利汽车旗下部分车型的"基础流量"等权益存在疑问。为让大家清晰了解 相关信息，现就大家关注的问题说明如下： 一、关于用户权益的持续性 以上权益,覆盖吉利中国星及吉利银河品牌旗下所有 ...

Group 1 - The core viewpoint of the statement is to clarify user rights regarding the "basic data" services associated with Geely's smart connected vehicles, emphasizing that promised rights will remain unchanged despite differences in models and configurations [1][5][6] - Geely acknowledges previous inconsistencies in communicating the specifics of "basic data" rights and aims to standardize the information, which typically includes remote vehicle control, online navigation, voice assistant, weather queries, and OTA upgrades [2][6][7] - The company expresses gratitude to over 18 million global users for their trust and support, reiterating its commitment to a user-first philosophy and enhancing the travel experience [6][7] Group 2 - There are concerns from users regarding changes to the "basic data" services, with some reporting that features like voice control and navigation have been reclassified as entertainment data, which has led to dissatisfaction among older model owners [6][7] - Users have highlighted that when purchasing vehicles, they were promised lifetime free access to "basic data" services, and they are urging Geely to honor these commitments rather than standardizing rights for new models at the expense of existing customers [7]

凤凰网科技讯 8月20日，针对用户对吉利旗下部分车型"基础流量"等权益的疑问，吉利汽车官方发布声 明指出，包含E-CALL在内的权益，始终保持一致，不会进行任何变更或减配。 "基础流量"权益通常涵盖车辆远程控制、在线导航、语音助手、天气查询、OTA升级等功能。具体所含 功能，请以所购车型的实际配置为准。以上权益，覆盖吉利中国星及吉利银河品牌旗下所有车型。 ...

Group 1 - The Chinese imported automobile market is experiencing a continuous decline, with total imports expected to be only 220,000 units in the first half of 2025, a year-on-year decrease of 32% [1] - Since reaching a peak of 1.43 million imports in 2014, the market has been on a downward trend, with a 12% year-on-year decline in 2024, bringing imports down to 700,000 units [1] - The decline is attributed to the rise of the domestic automotive industry and the wave of electrification [1] Group 2 - Traditional luxury car brands, particularly the German trio (BMW, Mercedes-Benz, Audi), are facing significant challenges, with BMW deliveries down 15.5% to 317,900 units, Mercedes-Benz down 19% to 293,200 units, and Audi down 10.2% to 287,600 units [3] - In contrast, domestic new energy luxury vehicles are rising sharply, with Li Auto delivering 204,000 units and NIO delivering 74,000 units in the same period [3] - In the 300,000-400,000 yuan market, new energy vehicles achieved a market share of 52.5% in July, surpassing traditional fuel vehicles for the first time [3] Group 3 - Despite the challenges, traditional luxury brands still maintain a loyal customer base, with a market share of 58.7% in July, down from 60.2% in March [4] - The slow pace of electrification among traditional luxury brands is evident, with imported new energy passenger vehicles accounting for only 2% of the market in the first half of 2025, an 80% year-on-year decline [4] - Policy changes, such as the adjustment of luxury car tax thresholds, have led to a significant drop in sales for some models, with declines exceeding 20% [4] Group 4 - The future of the Chinese imported automobile market will be characterized by both challenges and opportunities, with the competition between traditional luxury and domestic luxury brands unlikely to end soon [5] - Domestic brands are leading in electrification, making it difficult for traditional ultra-luxury brands to catch up [5] - The market feedback indicates that high-end positioning now relies on technological strength and ecosystem development rather than solely on brand prestige [5]

Group 1 - Geely Automobile announced the issuance of 399,000 ordinary shares on August 20, 2025, due to employees exercising stock options under the stock option plan adopted on April 28, 2023 [1] - An additional 12,000 ordinary shares will be issued on the same date due to related entity participants exercising stock options under the same plan [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 吉利汽車控股有限公司 呈交日期： 2025年8月20日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00175 | | 說明 | | | | | | | | 多櫃檯證券代號 | 80175 | RMB | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 事件 ...

Core Insights - Geely Automobile reported strong mid-year performance for 2025, with revenue of 150.28 billion yuan, a year-on-year increase of 26.5%, and a total sales volume of 1.409 million vehicles, up 47.4% year-on-year, achieving a core net profit of 6.66 billion yuan, a 102% increase year-on-year [1] Group 1: Financial Performance - In Q2 2025, Geely achieved revenue of 77.79 billion yuan, a year-on-year increase of 28.4% and a quarter-on-quarter increase of 7.3% [1] - Total sales in Q2 2025 reached 705,000 units, with significant growth in the Galaxy series, which saw a year-on-year increase of 249.8% [1] - The gross profit margin in Q2 2025 was 17.1%, a decrease of 0.7 percentage points year-on-year but an increase of 1.3 percentage points quarter-on-quarter [1] Group 2: Product Strategy and Innovation - Geely plans to launch 10 new energy models in 2025, including 5 new models and several updated versions under the Geely brand [2] - The company is focusing on smart technology, with new models expected to feature advanced driving assistance systems and the latest Nvidia Thor chip in flagship models [2] - The GEA architecture supports the new vehicle cycle, enhancing the performance of the Zeekr, Lynk & Co, and Galaxy brands [3] Group 3: Market Position and Outlook - Geely's market share reached 10.4% in the first half of 2025, marking a 2.4 percentage point increase year-on-year [1] - The company is expected to achieve a net profit of 16.1 billion yuan in 2025, with a price-to-earnings ratio of 11.3X, maintaining a "buy" rating [3] - The transition to electric vehicles is progressing well, with scale effects expected to enhance profitability [3]

Core Viewpoint - The company reported a strong performance in the first half of 2025, with a significant increase in revenue but a decline in net profit, indicating a mixed financial outlook for the year [1][2]. Group 1: Financial Performance - In the first half of 2025, the company achieved revenue of 150.3 billion yuan, a year-on-year increase of 27% [1] - The net profit attributable to shareholders was 9.29 billion yuan, a year-on-year decrease of 14% [1] - The core net profit attributable to shareholders reached 6.66 billion yuan, a year-on-year increase of 102% [1] - The company’s average selling price (ASP) per vehicle was 95,500 yuan, down 12.9% year-on-year, while the gross margin was 16.4%, a decline of 0.3 percentage points [2] - The company’s net profit per vehicle was 4,724 yuan, an increase of 37% year-on-year [2] Group 2: Sales and Market Performance - The company’s sales volume for the first half of 2025 reached 1.503 million units, with a target increase to 3 million units for the full year [1][2] - The sales of fuel vehicles grew to 684,000 units, while pure electric vehicle sales reached 511,000 units, a year-on-year increase of 173% [2] - The company’s export sales in the first half of 2025 were 184,000 units, a year-on-year decrease of 8% [1] Group 3: Product Development and Strategy - The company plans to enhance its product offerings by organizing into five major battle zones and customizing products by region [1] - The launch of multiple "9" series models aims to penetrate the high-end market, with the Lynk & Co 900 model showing promising sales [3] - The company’s upcoming models, including the Zeekr 9X and Galaxy M9, are expected to improve brand recognition in high-end intelligent driving solutions [3] Group 4: Profit Forecast and Investment Recommendations - The profit forecast for the company has been adjusted, with expected net profits of 15.96 billion yuan, 16.70 billion yuan, and 19.76 billion yuan for 2025, 2026, and 2027 respectively [4] - The company maintains a "recommended" rating despite the competitive challenges it faces in the market [4]

8月20日，吉利汽车(00175)盘中下跌2.05%，截至11:12，报20.02元/股，成交6.22亿元。 吉利汽车控股有限公司专注于研发、制造以及销售乘用车，具有10个生产基地和超过60,000员工，服务 旗下吉利、极氪及合资品牌领克，销售网络覆盖中国及70个海外国家。2023年双班总年产能达到 2,000,000辆车，拥有在中国大陆1911家汽车经销商和2家欧洲极氪中心，公司计划在2025年将年销量目 标提高至365万辆。 截至2025年中报，吉利汽车营业总收入1502.85亿元、净利润92.9亿元。 本文源自：金融界 作者：行情君 ...