从焊枪迸发的第一簇智能火花，到驶向全球的新能源座驾，岚图汽车"出海"的背后，不仅仅是时间与技 术的沉淀，更是中国汽车工业从"规模扩张" 向 " 质效跃升"的发展缩影。 只要118秒，就有一辆搭载"智驾"的新能源汽车驶下生产线！ 在中国汽车市场，一场以"AI+智能驾驶"为核心的革命正在将油门踩到最大。而被誉为"中国车谷"的武 汉经开区，正在见证这一历史性的时刻。 走进东风集团岚图汽车的总装车间，不同款型的新能源汽车在头顶上方整齐排列，随着"空中走廊"缓缓 滑行，数百个巨型机器人挥舞着手臂，以毫米级精度将零部件送到指定位置……这些"赛博朋克"的画面 不是科幻片，而是岚图汽车智慧工厂的冰山一角。 "整个车间只有一条生产线，但却可以同时混流生产3种车型，平均118秒就可以下线一辆整车。"岚图汽 车办公室讲解员黄馨谊告诉记者，这种极致效率带来的成果显而易见，"从客户下订单到整车交付，平 均只要14天，最快只需5天。" 当钢铁骨架搭载数字神经，这座智慧工厂就像一台精密运转的钟表，每一个齿轮都标注着"中国智造"的 刻度。 作为国家级智能制造示范工厂，岚图汽车总装车间编织了一张精密的5G+工业互联网络，流动的数据交 响乐替代 ...

Group 1 - The core viewpoint of the report is that Dongfeng Group's shares are undervalued, and the proposed transactions will create a win-win situation for all parties involved [1][2] - Dongfeng Group's projected revenue for 2025 is estimated at 28.8 billion RMB, with a corresponding sales forecast of 120,000 units, leading to a valuation of Lantu at 34.6 billion RMB, equating to a per-share value of 3.66 HKD [1] - The new target price for Lantu is set at 10.3 HKD, representing a 73% upside potential compared to the pre-suspension share price of 5.97 HKD, with expectations of a positive market reaction post-resumption [1] Group 2 - The proposed transactions include the distribution of existing shares of Lantu and an introduction listing, as well as a cash privatization offer for the remaining businesses of the listed company by the controlling shareholder DFM [2] - Independent H-share shareholders will receive a cash payment of 6.68 HKD per share and an additional allocation of 0.3552608 shares of Lantu, providing substantial returns [2] - The privatization will allow the controlling shareholder to consolidate internal resources, focus on the development of new energy vehicles, and address long-term valuation discount issues caused by the deterioration of traditional business [2]

Group 1 - The core viewpoint of the article highlights the recent stock performance of Dongfeng Group, which saw a decline of 2.07% to 9.01 yuan per share, with a trading volume of 4.15 billion yuan [1] - Dongfeng Group is primarily engaged in the automotive manufacturing industry, including the research, manufacturing, and sales of commercial vehicles, passenger cars, engines, and other automotive components. The company is also involved in automotive equipment manufacturing, logistics services for automotive products, automotive financial insurance brokerage, and used car businesses [1] - In recent years, the company has actively developed its new energy vehicle business and has made strides in the automotive financial sector [1] Group 2 - As of the mid-2025 report, Dongfeng Group's total operating revenue was 54.533 billion yuan, with a net profit of 55 million yuan [2]

8月25日恒生指数上涨1.94%，南向资金全天合计成交金额为2024.76亿港元，其中，买入成交1005.50亿 港元，卖出成交1019.26亿港元，合计净卖出金额13.76亿港元。具体来看，港股通（深）累计成交金额 794.06亿港元，买入成交402.33亿港元，卖出成交391.73亿港元，合计净买入金额10.60亿港元；港股通 （沪）累计成交金额1230.70亿港元，买入成交603.17亿港元，卖出成交627.53亿港元，合计净卖出金额 24.36亿港元。 成交活跃股方面，今日上榜个股中，南向资金成交金额最多的是中芯国际，合计成交额116.29亿港元， 阿里巴巴-W、腾讯控股成交额紧随其后，分别成交111.44亿港元、74.45亿港元。以净买卖金额统计， 净买入的个股共有7只，阿里巴巴-W净买入额为5.87亿港元，净买入金额居首，该股收盘股价上涨 5.51%，快手-W净买入额为4.72亿港元，中兴通讯净买入额为4.08亿港元。净卖出金额最多的是盈富基 金，净卖出23.52亿港元，该股收盘股价上涨2.01%，小米集团-W、中芯国际遭净卖出15.25亿港元、 8.11亿港元。 今日上榜个股中，阿里巴巴-W、中 ...

8月25日恒生指数上涨1.94%，报收25829.91点，全天南向资金通过港股通渠道合计净卖出13.76亿港 元。 证券时报·数据宝统计，8月25日港股通全天合计成交金额为2024.76亿港元，成交净卖出13.76亿港元。 具体来看，沪市港股通成交金额1230.70亿港元，成交净卖出24.36亿港元；深市港股通成交金额794.06 亿港元，成交净买入10.60亿港元。 成交活跃股方面，沪市港股通前十大成交活跃股中，中芯国际成交额为70.23亿港元，成交金额居首； 其次是阿里巴巴-W、腾讯控股，成交金额分别为65.76亿港元、41.79亿港元。以净买卖金额统计，腾讯 控股净买入额为3.33亿港元，净买入金额居首，该股收盘股价上涨2.42%。净卖出金额最多的是盈富基 金，净卖出23.52亿港元，收盘股价上涨2.01%。 8月25日港股通成交活跃股 | 代码 | 简称 | 类型 | 成交金额（万港元） | 成交净买入（万港元） | 日涨跌幅（%） | | --- | --- | --- | --- | --- | --- | | 00981 | 中芯国际 | 港股通(沪) | 702310.19 | -87754. ...

Group 1 - The core viewpoint of the report is that Dongfeng Group's projected revenue for 2025 is 28.8 billion RMB, with a corresponding sales forecast of 120,000 units, leading to a valuation of Lantu at 34.6 billion RMB, equating to a per-share value of 3.66 HKD [1] - The new target price for Lantu is set at 10.3 HKD, representing a 73% upside from the pre-suspension share price of 5.97 HKD, indicating a positive market reaction expected post-resumption [1] - The report highlights several proposed transactions by Dongfeng Group, including the distribution of existing shares of Lantu and a cash privatization offer for the remaining business, with a total cash payment of 14.68 billion RMB required for the privatization [1] Group 2 - The transaction is viewed as a win-win for all parties involved, as Dongfeng Motor Group (DMG) has been undervalued and the H-share listing has lost its financing function [2] - Independent H-share shareholders will receive 6.68 HKD in cash and an additional 0.3552608 shares of Lantu, providing substantial returns [2] - For Lantu, the share distribution and introduction listing will broaden external financing channels more effectively and at a lower cost compared to traditional IPOs [2] - The controlling shareholder aims to consolidate resources and focus on the development of new energy vehicles by delisting non-Lantu businesses, addressing long-term valuation discount issues [2]

| 2025年8月26日星期二| NO.1鸿蒙智行同日发布多款新车型 8月25日，鸿蒙智行在成都举行的智界及问界秋季新品发布会上发布了多款新车型。其中，智界R7与S7 迎来改款，分别推出6款和3款车型，售价为24.98万至30.98万元、22.98万至28.98万元。问界M8纯电版 迎来上市，将入门款车型改为Max+版，售价为35.98万至44.98万元；问界新M5Ultra版则发布了新配色 跃影红，该款售价22.98万元。 此外，余承东宣布享界S9T将在9月16日发布，而鸿蒙智行第五"界"的首款产品尚界H5也开启预订，预 售价为16.98万元起，9月23日正式发布。 点评：此次是鸿蒙智行发布新品最多的一次发布会。有观点称，当前智能电动汽车行业的竞争格局与当 年智能手机行业的崛起路径存在显著相似之处。企业普遍通过加速产品迭代和技术创新，持续推出新产 品，以此激发市场需求并推动消费增长，鸿蒙智行也希望通过这种方式来吸引更多的消费者。 NO.2东风科技：东风投资将成为公司间接股东 8月25日，东风科技（600081）(600081.SH)发布公告称，8月22日，间接股东东风汽车集团股份有限公 司(简称"东风集团股 ...

NO.1 鸿蒙智行同日发布多款新车型 8月25日，鸿蒙智行在成都举行的智界及问界秋季新品发布会上发布了多款新车型。其中，智界R7与S7 迎来改款，分别推出6款和3款车型，售价为24.98万至30.98万元、22.98万至28.98万元。问界M8纯电版 迎来上市，将入门款车型改为Max+版，售价为35.98万至44.98万元；问界新M5 Ultra版则发布了新配色 跃影红，该款售价22.98万元。 此外，余承东宣布享界S9T将在9月16日发布，而鸿蒙智行第五"界"的首款产品尚界H5也开启预订，预 售价为16.98万元起，9月23日正式发布。 每经记者｜董天意 实习生 张艺彤 每经编辑｜余婷婷 点评：此次是鸿蒙智行发布新品最多的一次发布会。有观点称，当前智能电动汽车行业的竞争格局与当 年智能手机行业的崛起路径存在显著相似之处。企业普遍通过加速产品迭代和技术创新，持续推出新产 品，以此激发市场需求并推动消费增长，鸿蒙智行也希望通过这种方式来吸引更多的消费者。 | 2025年8月26日 星期二 | NO.2 东风科技：东风投资将成为公司间接股东 8月25日，东风科技（600081.SH）发布公告称，8月22日，间接股 ...

Summary of Key Points Core Viewpoint - The acquisition of Dongfeng Motor Corporation by Dongfeng Motor Group (Wuhan) Investment Co., Ltd. will result in the latter holding 1,100,000,000 shares of Dongfeng Motor Co., representing 55% of the total share capital, thus becoming the controlling shareholder of Dongfeng Motor Co. without changing the actual controller of the company [2][20]. Group 1: Acquisition Details - The acquisition is executed through the absorption merger of Dongfeng Group Co., Ltd., allowing Dongfeng Investment to inherit the shares held by Dongfeng Group [2][20]. - The acquisition complies with the regulations of the "Management Measures for the Acquisition of Listed Companies," allowing Dongfeng Investment to avoid making a public offer due to the nature of the transaction [20][21]. - The acquisition has completed the necessary legal procedures and approvals as of the signing date of the report [2][4]. Group 2: Financial Information - As of December 31, 2024, Dongfeng Investment reported total assets of 432,063.69 million yuan and net assets of 357,058.02 million yuan, with a debt-to-asset ratio of 17.36% [14][15]. - The revenue for 2024 is projected at 148,498.99 million yuan, with a net profit of 44,911.15 million yuan, reflecting a net asset return rate of 6.08% [15]. Group 3: Corporate Structure - Dongfeng Investment is a wholly-owned subsidiary of Dongfeng Company, which is controlled by the State-owned Assets Supervision and Administration Commission of the State Council [4][14]. - The corporate structure indicates that Dongfeng Investment will become the controlling shareholder of Dongfeng Motor Co. post-acquisition, while the actual controller remains unchanged [20][21]. Group 4: Management and Governance - The management team of Dongfeng Investment includes Guo Tao as the director and Yang Yanding as the general manager, with no recent legal issues reported [15][17]. - The acquisition decision has undergone the necessary authorizations and approvals, ensuring compliance with corporate governance standards [15][17].

证券代码：600081 证券简称：东风科技 公告编号：2025-036 特此公告。 东风电子科技股份有限公司董事会 东风电子科技股份有限公司 间接股东拟被吸收合并的提示性公告 本次间接股东吸收合并能否最终实施完成及实施完成时间尚存在不确定性。 为保证及时、公平地披露信息，维护广大投资者利益，现予以公告。 本次间接股东吸收合并所涉及事项详见东风集团股份在香港联交所披露网 站（www.hkexnews.hk）刊载的《联合公告》。 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。 接股东东风汽车集团股份有限公司（以下简称"东风集团股份"，系香港联交所 上市公司，股票代码：00489.HK）与东风汽车集团（武汉）投资有限公司（以下 简称"东风投资"）签署了《东风汽车集团（武汉）投资有限公司与东风汽车集 团股份有限公司之吸收合并协议》，东风投资作为吸收合并方拟吸收合并东风集 团股份（以下简称"本次间接股东吸收合并"）。本次间接股东吸收合并完成后， 东风投资将成为公司间接股东。 本次间接股东吸收合并不会导致本公司的控股股东、实际控制人发生变 ...