Group 1 - The establishment of Zhixin Technology (Xiangyang) Co., Ltd. with a registered capital of approximately 1.265 billion yuan aims to enhance the automotive industry layout in Xiangyang [1] - The company is controlled by Dongfeng Motor Group Co., Ltd. with a 60.4854% stake, while Xiangyang Luguang Supply Chain Management Co., Ltd. holds 39.5146%, indicating a structure of central enterprise leadership and local collaboration [1] - The business scope of the new company includes manufacturing of automotive parts and accessories, wholesale of automotive spare parts, import and export of goods, and technology import and export [1] Group 2 - Heavy-duty truck sales surged by 150% with SANY closely following, and Dongfeng's sales increased by 329% in the first two months, indicating a strong growth in the new energy dump truck market [7] - 100 Chinese buses were exported to Senegal, showcasing the international demand for Chinese automotive products [7] - A new batch of public transport battery replacement tenders worth 58 million yuan has been announced, reflecting ongoing investment in electric vehicle infrastructure [7]

Group 1 - The Hong Kong Stock Exchange has removed Dongfeng Motor Group Co., Ltd. (00489) from the list of designated securities for short selling, effective from March 19 [2]

Group 1 - Alibaba Cloud and Baidu Smart Cloud announced price increases due to surging global AI demand and a significant rise in token usage [1][5] - Dongfeng Group has officially delisted its H-shares from the Hong Kong Stock Exchange as part of a privatization process to pave the way for its subsidiary, Lantu Automotive, to enter the capital market [1][5] - Tencent reported a total revenue of 751.766 billion yuan for 2025, with a fourth-quarter revenue of 194.37 billion yuan, reflecting a 13% year-on-year growth [3][5] Group 2 - Country Garden clarified that it is not conducting a large-scale recall of former employees, stating that re-hiring is only for specific key positions as a regular channel [3][5] - Major liquor companies, including Moutai and Wuliangye, have lowered their factory prices, indicating a trend of price adjustments across various market segments [4][5] Group 3 - Domestic gold jewelry prices have fallen for six consecutive days, with specific brands reporting price drops [6] - The number of visitors from mainland China to Japan has decreased for three consecutive months, with a 45.2% year-on-year decline in February [8] - U.S. chip stocks experienced a collective surge, with significant gains in storage chip companies, and Micron Technology reached a market capitalization of 519.6 billion USD, marking a historical high [9]

本 聯 合 公 告 之 全 部 或 部 分 內 容 不 得 在、向 或 從 任 何 將 構 成 違 反 其 適 用 法 律 或 法 規 之 司 法 權 區 發 佈、刊 發 或 派 發。 DONGFENG MOTOR CORPORATION* 香港交易及結算所有限公司及香港聯合交易所有限公司對本聯合公告 的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示， 概不對因本聯合公告全部或任何部份內容而產生或因倚賴該等內容而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 本 聯 合 公 告 僅 供 參 考，並 不 擬 亦 不 構 成 或 組 成 於 任 何 司 法 權 區 購 買 或 認購要約人或本公司證券的任何要約或購買或認購要約人或本公司證 券 的 邀 請 的 一 部 分，或 於 任 何 司 法 權 區 招 攬 任 何 投 票 或 批 准，亦 不 得 於 任 何 司 法 權 區 在 違 反 適 用 法 律 或 法 規 的 情 況 下 出 售、發 行 或 轉 讓 要 約 人 或 本 公 司 證 券。 投資有限公司 （一 間 於 中 華 人 民 共 和 國 註 冊 成 立 的 有 限 公 司） 聯合 ...

Core Viewpoint - The Hong Kong Stock Exchange has removed Dongfeng Motor Group Co., Ltd. (00489) from the list of designated securities for short selling, effective March 19 [1] Company Summary - Dongfeng Motor Group Co., Ltd. has been deleted from the approved short selling securities list by the Hong Kong Stock Exchange [1]

Core Viewpoint - Dongfeng Group Co., Ltd. has announced its application to the Hong Kong Stock Exchange for the withdrawal of its H-shares listing status, which has been approved and will take effect on March 18, 2026 [1] Group 1 - The company has received approval from the Hong Kong Stock Exchange for the delisting of its H-shares [1] - The effective date for the delisting is set for March 18, 2026, at 4:00 PM [1]

Group 1 - The core announcement is that Dongfeng Group, along with its subsidiaries, has applied for and received approval from the Hong Kong Stock Exchange to withdraw its H-shares listing, effective from March 18, 2026 [1] Group 2 - The announcement involves Dongfeng Group, Dongfeng Company, and Dongfeng Motor Group (Wuhan) Investment Co., Ltd. as the offeror [1] - The withdrawal of the H-shares listing indicates a significant strategic decision by the company to possibly refocus its operations or restructure its capital market presence [1]

Group 1 - Dongfeng Group has announced its application to the Hong Kong Stock Exchange for the withdrawal of its H-shares listing status, which has been approved [2] - The withdrawal will take effect on March 18, 2026, at 4:00 PM [2]

（一 間 於 中 華 人 民 共 和 國 註 冊 成 立 的 有 限 公 司） 香港交易及結算所有限公司及香港聯合交易所有限公司對本聯合公告 的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示， 概不對因本聯合公告全部或任何部份內容而產生或因倚賴該等內容而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 本 聯 合 公 告 僅 供 參 考，並 不 擬 亦 不 構 成 或 組 成 於 任 何 司 法 權 區 購 買 或 認購要約人或本公司證券的任何要約或購買或認購要約人或本公司證 券 的 邀 請 的 一 部 分，或 於 任 何 司 法 權 區 招 攬 任 何 投 票 或 批 准，亦 不 得 於 任 何 司 法 權 區 在 違 反 適 用 法 律 或 法 規 的 情 況 下 出 售、發 行 或 轉 讓 要 約 人 或 本 公 司 證 券。 本 聯 合 公 告 之 全 部 或 部 分 內 容 不 得 在、向 或 從 任 何 將 構 成 違 反 其 適 用 法 律 或 法 規 之 司 法 權 區 發 佈、刊 發 或 派 發。 DONGFENG MOTOR CORPORATION* 東風汽車集團有限公 ...

Investment Rating - The report maintains a positive investment rating for the automotive industry, suggesting an active investment approach as the market sentiment has reached a turning point [3][6]. Core Insights - The report indicates that the terminal sales of passenger vehicles and the overall vehicle sector are showing signs of recovery, with new car price increases being accepted by some investors as a counter to rising raw material costs [3][6]. - The report highlights that the AIDC (Automotive Industry Development Corporation) remains a key investment focus, despite some stock price adjustments in companies like Weichai [3][6]. - The report recommends actively positioning in the automotive sector, particularly in the months of March and April, with expectations of exceeding sales, profitability, and export forecasts [6]. Data Tracking - In February, new energy vehicle deliveries showed varied performance, with BYD delivering 190,190 units (down 41.1% year-on-year), while NIO saw a significant increase of 57.6% year-on-year with 20,797 units delivered [5][20]. - Traditional automakers also showed notable sales performance, with BAIC Blue Valley achieving a year-on-year increase of 18.3% with 7,000 units sold [5][21]. - The average discount rate in the automotive industry increased to 9.3%, with a discount amount of 20,940 yuan, reflecting a slight year-on-year decrease [5][7]. Industry News - The report notes that the average price of lithium carbonate in Q1 2026 reached 154,227 yuan per ton, marking a year-on-year increase of 103% [9]. - The report mentions that the automotive export volume in February reached 672,000 units, representing a year-on-year growth of 52.4% [10][26]. - The report highlights that the East Wind Group's capital restructuring plan was approved, allowing for the privatization and independent listing of Lantu Motors on the Hong Kong Stock Exchange [26].