智通财经APP讯，吉利汽车(00175)发布公告，于2026年1月29日，该公司斥资1.08亿港元回购644万股股 份，每股回购价16.54-16.8港元。 ...

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 呈交日期： 2026年1月29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 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已 ...

Core Insights - The commercial vehicle market in China is expected to see significant growth in 2025, driven by the strong performance of new energy vehicles (NEVs) and supportive policies for vehicle upgrades [1][7][12] - In December 2025, the sales of commercial vehicles reached 300,000 units, marking a 5% year-on-year increase and a 15% month-on-month increase [7][12] - The penetration rate of new energy commercial vehicles is projected to reach 46% by December 2025, a substantial increase from 29% in December 2024 [12][14] Commercial Vehicle Market Analysis - The total sales of commercial vehicles in China for 2025 are forecasted to be 3.1 million units, representing a 9% year-on-year growth compared to the stable period since 2022 [1][7] - The market showed a strong upward trend from March to December 2025, with December achieving a historical high for the month [5][7] - The sales of new energy commercial vehicles in December 2025 are expected to hit 140,000 units, reflecting a 71% year-on-year increase and a 49% month-on-month increase [1][8] New Energy Vehicle Performance - The penetration rate of new energy commercial vehicles has increased significantly, from approximately 3% in 2019-2021 to 46% in December 2025 [12][14] - The sales of new energy commercial vehicles for the entire year of 2025 are projected to reach 910,000 units, a 57% increase compared to the previous year [1][8] - The growth in new energy vehicle sales is attributed to strong demand and government incentives, particularly in the commercial vehicle sector [10][12] Market Structure and Competition - The market for commercial vehicles is characterized by a stable structure, with significant contributions from light and heavy-duty trucks [14][18] - Key players in the commercial vehicle market include Beiqi Foton, SAIC-GM-Wuling, and China National Heavy Duty Truck Group, which dominate the light truck, heavy truck, and bus segments respectively [15][18] - The performance of heavy-duty trucks has improved significantly due to subsidy policies, with notable growth in electric heavy-duty trucks in regions like Beijing, Tianjin, and Shanghai [16][17] Regional Market Dynamics - The light truck market is particularly strong in regions such as East China and South China, with increasing sales in these areas [18][19] - The penetration of new energy vehicles in the truck segment reached 38% in December 2025, while the bus segment saw a penetration rate of 78% [14][18] - The market for new energy light trucks is primarily concentrated in East China and South China, with significant growth observed in these regions [19][21]

天眼查App显示，1月27日，沈阳吉利汽车有限公司成立，法定代表人为王全心，注册资本1亿人民币， 经营范围包括汽车零部件及配件制造、汽车零配件零售、汽车零部件研发、信息技术咨询服务等，由浙 江吉润汽车有限公司全资持股。 ...

1月28日穆迪确认吉利汽车控股有限公司(Geely Automobile Holdings Limited简称"吉利汽 车"00175.HK)"Ba1"公司家族评级并将其展望从稳定上调至正面。 ...

Core Viewpoint - The visit of Consul Yu Peng to Parana State highlights the ongoing collaboration between China and Brazil, focusing on enhancing economic and cultural exchanges [2][4]. Group 1: Diplomatic Engagement - Consul Yu Peng met with State Assembly President Cury and discussed the achievements of Sino-Brazilian cooperation, particularly in the context of the Port of Paranaguá [2][4]. - Cury expressed admiration for China's development and a commitment to improving the business environment to deepen cooperation with China [4]. Group 2: Economic Cooperation - The meeting included representatives from Chinese companies such as China Merchants Port, China National Building Material, Geely, and Zhongkong, discussing project information dissemination and tax incentive policies [4]. - Parana State is significant in Brazil's economy, being the fourth largest state, the top exporter of poultry, and the second largest in grain production, indicating potential for further economic collaboration [6].

Group 1 - The core viewpoint is that the Russian automotive market is experiencing a significant decline in sales, with a total market size of 13.8 trillion rubles in 2025, down 7.8% from 2024, marking the first negative growth since 2015 [1] - In 2025, the new car market in Russia is projected to generate 4.6 trillion rubles, a decrease of 18.4% year-on-year, while the used car market is expected to reach 9.2 trillion rubles, down 1.4% [1] - The decline in the Russian automotive market is attributed to high benchmark interest rates increasing loan costs and weak market demand, along with policy changes such as increased vehicle scrappage taxes [1][3] Group 2 - In 2025, new cars will account for 33% of the market's monetary value in Russia, while used cars will represent 67%, highlighting the higher share of used cars in the market [2] - Chinese automotive brands are experiencing a decline in market share in Russia, with sales of new cars dropping to 68.5 million units in 2025, a 25% decrease, resulting in a market share reduction from 58.5% in 2024 to 51.7% [2] Group 3 - Before the Ukraine conflict, European car manufacturers dominated the Russian market, holding about 30% of the market share, while local manufacturers had only 25% [3] - Following the conflict, Western car manufacturers exited the market, allowing local manufacturers to increase their market share to 40%, while Chinese brands surged from around 5% to over 50% by 2023 [3] - In 2024, Russia became the top destination for Chinese automotive exports, but the market showed signs of decline at the beginning of 2025 due to tightening export policies and rising tariffs [3][4] Group 4 - A significant turning point occurred in 2024 when new taxes and increased scrappage fees were implemented, affecting the cost of imported vehicles [4] - The number of Chinese brand showrooms in Russia is expected to decrease significantly, with 643 showrooms closing by 2025, reflecting a cooling market for Chinese vehicles [6] - The competitive landscape for Chinese automotive brands in Russia has intensified, leading to lower profit margins and increased price competition due to market saturation [5][6]

Group 1 - The core viewpoint of the articles indicates that the Russian automotive market is experiencing a complex recovery, with significant fluctuations in sales and a notable increase in the market share of Chinese automotive brands [1][8][14] - In December 2025, Russian automotive sales are projected to reach 150,000 units, reflecting a year-on-year increase of 6%, while the total sales for the year are expected to decline by 19% to 1.49 million units [1][8] - Chinese automotive companies have significantly increased their market share in Russia, reaching 57.2% in December 2025, with a notable recovery from previous lows [1][16] Group 2 - The Russian automotive market has shown volatility, with sales dropping to around 30,000 units during the peak of the Ukraine crisis in 2022, but recovering to approximately 100,000 units per month in 2023 [5][8] - The market is undergoing a transformation due to policy changes, including increased import tariffs and local production incentives, which have reshaped the competitive landscape [6][12] - Chinese automotive companies are adapting to the Russian market by enhancing local production, improving supply chain resilience, and developing products suited for extreme weather conditions [2][12] Group 3 - The sales of Chinese automotive brands in Russia have surged from 157,000 units in 2021 to 1.28 million units in 2024, indicating a strong response to the market gap left by exiting foreign brands [11][14] - The local production strategy has been emphasized, with Chinese companies establishing regional production bases and increasing local parts sourcing to mitigate tariff impacts [2][12] - The overall market dynamics are shifting towards lower-powered models and domestic brands due to the rising costs of imported vehicles and changing consumer preferences [6][12]

零部件： 1）智能化：推荐智能驾驶-【伯特利、地平线机器人、科博达】，智能座舱-【继峰股份】； 2）新势力产业链：推荐H 链-【星宇股份、沪光股份】；推荐T 链-【拓普集团、新泉股份、双环传 动】；3）出海链：推荐【爱柯迪、中鼎股份】。 机器人：推荐汽配机器人标的【拓普集团、新泉股份、伯特利、银轮股份、均胜电子、沪光股份、豪能 股份、爱柯迪、双环传动、隆盛科技】，汽车机器人主机厂【小鹏汽车】。 摩托车：推荐中大排量龙头车企【春风动力、隆鑫通用】。 轮胎：推荐【赛轮轮胎、森麒麟】。 本周行情：汽车板块本周表现优于市场。汽车板块本周表现优于市场。本周（1 月19 日-1 月25 日）A 股汽车板块上涨2.6%，在申万子行业中排名第14 位，表现优于沪深300（-0.6pct）。细分板块中，汽车 服务、商用载货车、汽车零部件、摩托车及其他、商用载客车分别上涨6.9%、4.8%、4.0%、1.4%、 0.7%，乘用车-1.4%。 本周观点：本月建议关注核心组合【吉利汽车、小鹏汽车、比亚迪、伯特利、拓普集团、新泉股份、春 风动力】。 特斯拉计划2027 年面向公众销售机器人，关注机器人板块。智通财经1 月22 日报道， ...

格隆汇1月28日丨吉利汽车(00175.HK)发布公告，2026年1月28日耗资5469.5万港元回购332.4万股，回购 价格每股16.29-16.74港元。 ...