就東風汽車集團股份有限公司的股份的交易披露 2025 年 9 月 8 日 執行人員接獲依據香港《公司收購及合併守則》規則 22 作出以下的證券交易的披露： | 交易方 | 日期 | | | 有關證券的說 | 交易性質 | 買入／賣 | 涉及的股份 | 已支付／已收取 | 已支付或已 | 已支付或已 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 明 | | 出 | 總數 | 的總金額 | 收取的最高 | 收取的最低 | | | | | | | | | | | 價（H） | 價（L） | | CICC | 2025 | 年 9 | 月 5 | 其他類別的證 | 將因客戶主動發出且由客戶需求帶動的交易而 | 買入 | 352,000 | $3,099,958.2000 | $8.8067 | $8.8067 | | Financial | 日 | | | 券 (例如: 股 | 產生的自營交易持倉清結／平倉／解除。我確 | | | | | | | Trading | | | | 權互換) | 認，這已於最 ...

完 註： CICC Financial Trading Limited 是與要約人有關連的獲豁免自營買賣商。 2025 年 9 月 8 日 透過合併進行私有化 就東風汽車集團股份有限公司的股份的交易披露 執行人員接獲依據香港《公司收購及合併守則》規則 22 作出以下的證券交易的披露： | 交易方 | 日期 | | | 有關證券的說 | 產品說明 | 交易性質 | 與衍生工具有 | 到期日或清結 | | 參考價 | 已支付／已收取 | 交易後數額（包 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 明 | | | 關的參照證券 | 日 | | | 的總金額 | 括與其訂有協議 | | | | | | | | | | 數目 | | | | | 或達成諒解的任 | | | | | | | | | | | | | | | 何人士的證券） | | | CICC | 2025 | 年 9 | 月 5 | 衍生工具 | 其他類別產品 | 清結衍生工具合約 | 352,000 ...

Group 1 - The 2025 Qilu Autumn Auto Show and the 52nd Qilu Automobile Exhibition opened on September 4 at the Shandong International Convention and Exhibition Center [1] - Dongfeng Zhuolian showcased five major self-owned brands and the joint venture brand Dongfeng Nissan at the auto show, inviting consumers to visit their booth [3] - Dongfeng Zhuolian, established at the end of 2021, focuses on automotive marketing and services, representing nine major brands under Dongfeng Motor Group [3] Group 2 - Dongfeng Zhuolian has 108 4S stores across 22 cities, with a focus on expanding into county markets to provide convenient services [7] - In the past eight months, Dongfeng Zhuolian's sales reached 37,000 units, achieving over 70% sales growth despite intense competition [7] - The company believes that the future of the automotive industry will be led by smart technology and new energy, with a return to product and value-oriented market dynamics [7] Group 3 - Shandong is a key market for Dongfeng Zhuolian, with over 15 stores in Jinan, and plans to expand services such as certified used cars and new media marketing [9] - The Qilu Auto Show is recognized as the longest-running and most comprehensive auto show in Shandong, emphasizing direct consumer engagement and transparency [12] - Dongfeng Zhuolian aims to leverage the auto show to deliver quality products to consumers across Shandong [12]

Core Viewpoint - The electric vehicle market is experiencing significant changes, with traditional and new players facing varying degrees of success and challenges, leading to a reshaping of market dynamics and competition. Group 1: Sales Performance - In December last year, Li Auto achieved a remarkable sales figure of 58,000 units, but by August 2025, its sales plummeted to 28,529 units, placing it at the bottom of the "Wei Xiaoli" rankings [1] - In August, 14 major automakers reported sales, with a median sales figure of 40,486 units, reflecting a year-on-year increase of 4,717 units, although there was a month-on-month decline [2] - BYD maintained its dominance with sales of 371,500 units in August, significantly outpacing competitors [2][23] Group 2: Market Segmentation - The market is divided into three tiers: BYD leads as a standalone leader, followed by traditional automakers like Geely, SAIC, Changan, and Chery in the second tier, while new forces and weaker performers fall into the third tier [2][4] - The number of brands achieving monthly sales over 10,000 has increased, with notable performances from Geely's Galaxy, Leap Motor, and NIO [6] Group 3: Brand Dynamics - Geely's Galaxy brand has become a strong contender, achieving over 100,000 units in monthly sales for three consecutive months [6] - NIO's sales surged to 16,434 units in August, marking a significant recovery [21] - Li Auto's new model, the i8, faced challenges due to safety concerns, leading to a price adjustment shortly after its launch [13][22] Group 4: Competitive Landscape - The competitive landscape is shifting, with previously strong players like Li Auto and Aion facing declines, while brands like NIO, Xpeng, and Leap Motor are gaining traction [11][32] - BYD's sales growth is slowing, and it faces increasing pressure from competitors in the second tier [4][25] Group 5: International Expansion - Companies are increasingly focusing on international markets, with BYD exporting vehicles to Europe and establishing assembly plants in Malaysia [16][17] - Chery has emerged as a leader in overseas sales, delivering 129,400 units in August [17] Group 6: Future Outlook - The market is expected to continue evolving, with companies like Li Auto aiming to regain momentum through new model launches and strategic adjustments [22][32] - The overall market dynamics indicate that no company can claim stability, as competition remains fierce and unpredictable [32]

Core Insights - Despite intense competition and ongoing price wars, the overall automotive industry in China shows resilience, with 12 out of 17 listed passenger car companies reporting revenue growth in the first half of the year [1] - Among these companies, only BYD and Leap Motor achieved both revenue and profit growth, while many traditional automakers faced the challenge of increasing revenue without corresponding profit growth [1][2] - The report highlights a trend of "increased revenue but decreased profit" among traditional automakers, with seven companies reporting losses [1][3] Revenue and Profit Performance - BYD led the industry with a revenue of 371.28 billion yuan, a year-on-year increase of 23.3%, and a net profit of 15.51 billion yuan, up 13.79% [2] - SAIC Motor, Geely, and Great Wall Motors ranked second to fourth in revenue but experienced profit declines, with SAIC's revenue at 299.59 billion yuan (up 5.2%) and net profit down 9.21% to 6.018 billion yuan [3][4] - Geely reported a revenue of 150.3 billion yuan (up 27%) but a net profit decrease of 14% to 9.29 billion yuan, primarily due to non-recurring gains in the previous year [4] - Great Wall Motors achieved a revenue of 92.335 billion yuan (up 0.99%) but saw a net profit decline of 10.21% to 6.337 billion yuan [4] New Energy Vehicle Companies - New energy vehicle companies showed improved profitability, with Leap Motor achieving revenue of 24.25 billion yuan (up 174%) and a net profit of 30 million yuan, marking its first half-year profit [7] - Li Auto reported a revenue of 56.2 billion yuan (down 2%) but a net profit increase of 3% to 1.744 billion yuan, maintaining a high gross margin of 20.3% [7][8] - Seres, despite a slight revenue decline to 62.402 billion yuan (down 4.06%), saw its net profit nearly double to 2.941 billion yuan, with a gross margin of 28.93% [8] Market Trends and Future Outlook - Traditional automakers are facing challenges in maintaining profitability amid rising costs and increased competition, leading to a focus on improving operational efficiency and cost management [5][6] - The report indicates that several companies are investing in new models and marketing strategies to enhance brand visibility and sales performance [5] - The automotive industry is also witnessing a trend of shortening payment cycles, with some companies committing to reduce supplier payment terms to no more than 60 days, which is expected to alleviate cash flow pressures for component suppliers [10][11]

Group 1 - Nissan has established a new joint venture company, Nissan Import and Export (Guangzhou) Co., Ltd., with a registered capital of 1 billion yuan, where Nissan (China) holds a 60% stake and Dongfeng Motor Group holds 40% [1] - The joint venture aims to enhance Nissan's export capabilities in response to declining sales in the Chinese market, where Dongfeng Nissan's total sales for the first seven months of the year reached 306,400 units, a year-on-year decrease of 16.8% [1] - Dongfeng Motor Group and Nissan (China) agreed to invest 400 million yuan and 600 million yuan, respectively, into the joint venture [1] Group 2 - Nissan plans to invest 10 billion yuan in new energy research and development over the next three years for its joint venture in China, Dongfeng Nissan [2] - By summer 2027, Nissan aims to increase the number of new energy models available in the market from 8 to 10, with 9 of these being Nissan brand models [2] - The "Arc Nissan Electric Arc Plan" includes a target to export 100,000 vehicles from China starting this year, focusing on models designed and produced in China for both domestic and international markets [2]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 FF301 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 東風汽車集團股份有限公司 呈交日期: 2025年9月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00489 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,828,982,000 | RMB | | | 1 RMB | | 2,828,982,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 2,828,982,000 | RMB | | | 1 RMB | | 2,828,982,000 | | 2. ...

Core Viewpoint - Dongfeng Group and Nissan China have established a new import and export company with a registered capital of 1 billion yuan [1] Group 1 - The newly formed company is named Nissan Import and Export (Guangzhou) Co., Ltd. [1] - The business scope of the company includes wholesale of automotive parts, packaging services, information system integration services, and network technology services [1] - The ownership structure reveals that the company is jointly held by Nissan (China) Investment Co., Ltd. and Dongfeng Group [1]

Group 1 - The core viewpoint emphasizes the collaboration between Guangzhou and Dongfeng Motor Group to enhance the automotive industry's high-quality development, focusing on smart, green, and high-end upgrades [2][3] - Guangzhou is committed to integrating smart connectivity and new energy vehicles into its modern industrial system, driven by innovation and market demand [2] - Dongfeng Motor Group recognizes Guangzhou as a key strategic city for its operations, highlighting the strong automotive industry foundation and the potential for further cooperation in smart connectivity and vehicle exports [3] Group 2 - The partnership aims to create a trillion-level smart connectivity and new energy vehicle industry cluster, promoting mutual development and competitiveness [3] - Guangzhou's government is dedicated to optimizing the business environment to facilitate the growth of enterprises in the region [2]

Group 1 - Nissan Import and Export (Guangzhou) Co., Ltd. has been established with a registered capital of 1 billion yuan [1] - The company's business scope includes wholesale of auto parts, packaging services, information system integration services, and network technology services [1] - The company is jointly owned by Nissan (China) Investment Co., Ltd. and Dongfeng Motor Group Co., Ltd. [1]