DONGFENG MOTOR GROUP COMPANY LIMITED* 楊 青 東風汽車集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：489） 董事會會議召開日期 東 風 汽 車 集 團 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」）宣 佈，本 公 司 將 於 二 零 二 五 年 八 月 二 十 二 日（星 期 五）上 午 九 時 正 舉 行 第 五 屆 董 事 會 第 四 十 三 次 會 議，以 考 慮 及 通 過 本 公 司 截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績，及 宣 派 中 期 股 息（如 有），以 及 處 理 其 他 事 項。 承董事會命 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。 董事長 中 國 武 漢，二 零 二 五 年 八 月 十 二 日 於 本 公 告 公 佈 之 日，本 ...

Core Viewpoint - The recent increase in tariffs on technology products by the US has accelerated the urgency for domestic substitution in China, while the central bank's liquidity release is expected to support the technology and automotive sectors [2][4][21]. Group 1: Market Performance - On August 7, US imposed approximately 100% tariffs on technology products, exempting domestic manufacturers, which has heightened the urgency for domestic substitution [2]. - The People's Bank of China announced a 0.5% reduction in the reserve requirement ratio, releasing about 1 trillion yuan in long-term funds, and conducted a 700 billion yuan reverse repurchase operation to support technology innovation, consumption, and small enterprises [2]. - Following these developments, the three major stock indices in China turned positive, with over 70% of 101 Chinese automotive stocks rising, averaging a price increase of 3.23% [4][21]. Group 2: Automotive Sector Highlights - The total market capitalization of Chinese automotive stocks increased by 35.35 billion yuan to 10.76 trillion yuan, despite declines in major stocks like BYD and Xiaomi [5]. - The intelligent driving sector saw a significant weekly increase of 6.02%, likely due to the World Robot Conference and supportive policies in Shanghai [5]. - Notable stock performances included Cao Cao's rise of 30.09%, benefiting from an 18.11% surge on August 7, and Dongfeng Group's unexpected stock price increase despite a 90% drop in expected net profit [6][7][8]. Group 3: Individual Stock Performances - Cao Cao's stock price increased by 30.09%, while Dongfeng Group's stock rose by 22.84% despite a significant profit drop [7][8]. - Other notable performers included Hesai with a 20.82% increase and multiple stocks like Zhongtai and Wuling rising over 15% [6][7]. - Conversely, Jianghuai Auto led the decline with a 7.22% drop, while other major players like BYD and Xiaomi also experienced declines [17][18]. Group 4: Future Outlook - The liquidity release and foreign capital inflow are expected to inject confidence into the market, particularly benefiting sectors focused on intelligence and embodied intelligence [21]. - The ability of automotive companies to navigate the challenges of domestic substitution and embrace intelligent transformation will be crucial for their long-term success [21].

Group 1 - Zhonghui Biotech-B successfully listed on the Hong Kong Stock Exchange on August 11, with a closing price of HKD 33.28, reflecting a surge of 157.98% and a total market capitalization of HKD 13.094 billion [1] - The company received over 4000 times oversubscription in its public offering, with total subscription amount exceeding HKD 200 billion [1] - Zhonghui Biotech-B focuses on the development, manufacturing, and commercialization of innovative vaccines, with two core products: a quadrivalent influenza subunit vaccine and an in-development lyophilized human rabies vaccine [1] Group 2 - Tianyue Advanced announced its global offering of 47.7457 million shares, with 2.3873 million shares available for Hong Kong and 45.3584 million shares for international offering, along with an overallotment option of 7.1618 million shares [2] - The maximum offer price is set at HKD 42.80, with the total expected fundraising amounting to HKD 2.044 billion and net proceeds of HKD 1.938 billion, aimed at expanding production capacity for 8-inch and larger silicon carbide substrates, enhancing R&D capabilities, and general corporate purposes [2] - As a leading player in the silicon carbide substrate sector, Tianyue Advanced's fundraising strategy aligns with the industry's trend towards larger sizes, although it faces intensified competition and price volatility [2] Group 3 - Dongfeng Group's H shares were suspended from trading on August 11, with all related structured products also halted [3] - Dongfeng Group's controlling shareholder stated that the suspension would not significantly impact the normal operations of Dongfeng Shares, which will continue to monitor developments and fulfill disclosure obligations [3] - Market speculation surrounds potential capital operations or changes behind the suspension, prompting investors to await further official announcements [3] Group 4 - Shuangdeng Group passed the hearing at the Hong Kong Stock Exchange, positioning itself as a leading supplier of data center energy storage batteries, with a global market share of 11.1% in 2024 [4] - The company plans to use the proceeds from its listing to construct a lithium-ion battery production facility in Southeast Asia, aimed at producing batteries for data centers [4] - Shuangdeng Group's successful hearing marks a significant step in its internationalization strategy, with potential to strengthen its industry position in the competitive global energy storage market [4]

Group 1: New Vehicle Pre-sales - The all-new Tank 500 has commenced pre-sales with a price range of 360,000 to 388,800 yuan, featuring two models: Hi4-Z and Hi4-T [1][3] - Dongfeng Fengshen L8 has also started pre-sales, priced between 129,900 to 149,900 yuan, offering four models [2][16] - Lynk & Co 10EM-P has opened pre-sales with a price range of 192,000 to 222,000 yuan, featuring three models [2][16] Group 2: Vehicle Specifications and Features - The Tank 500's dimensions are 5078 × 1934 × 1905 mm with a wheelbase of 2850 mm, inspired by Chinese classical architecture and available in a new color, Dunhuang Green [5] - The Tank 500 is equipped with Coffee OS 3 smart cockpit system, featuring multiple screens including a 15.6-inch central display and a 17.3-inch rear entertainment screen [7] - The Dongfeng Fengshen L8 measures 4762 × 1910 × 1677 mm with a wheelbase of 2825 mm, offering various color options and a unique 4.5L cold and warm box in the rear [13][15] - The Lynk & Co 10EM-P has dimensions of 5050 × 1966 × 1487 mm and a wheelbase of 3005 mm, featuring high-end materials and advanced technology [18][21] Group 3: Advanced Technology and Performance - The Tank 500 features the third-generation intelligent driving system Coffee Pilot Ultra, with 27 sensors and 20 active safety functions, enhancing its off-road capabilities [9] - The Dongfeng Fengshen L8 includes a 1.5T hybrid engine paired with a 30.3 kWh battery, achieving a rapid charge from 20% to 80% in 18 minutes [15] - The Lynk & Co 10EM-P is equipped with the NVIDIA Thor chip and advanced driving assistance features, boasting a maximum power of 390 kW and high thermal efficiency [19][21] Group 4: Tesla's Strategic Shift - Elon Musk confirmed the dissolution of the Dojo supercomputer team, stating that Tesla will focus on AI5 and AI6 chips, indicating a strategic shift in resource allocation [4][22] - The decision to discontinue the Dojo project reflects Tesla's need to streamline its AI chip development efforts, which could impact its future market positioning [24]

Major Events - Tianyue Advanced (02631) plans to globally offer 47.7457 million H-shares from August 11 to August 14 [1] - Hengrui Medicine (01276) has its injection drugs listed in the proposed breakthrough treatment varieties public notice [1] - Shoucheng Holdings (00697) invests in Southern Universal Data Center REIT and Southern Runze Technology Data Center REIT [1] - Boyaa Interactive (00434) is included in the MSCI Global Small Cap Index [1] Financial Performance - Yum China (09987) reports a net profit of $507 million, an increase of 1.6% year-on-year [1] - Master Kong Holdings (00322) announces a profit attributable to shareholders of 2.271 billion yuan, up 20.5% year-on-year [1] - Q Tech (01478) reports a profit of 308 million yuan, a significant increase of 167.59% year-on-year [1] - Hang Wan Technology (01523) announces a net profit of approximately $21.665 million, up about 13.4% year-on-year, with a dividend of 12.34 HK cents per share [1] - Ruipu Lanjun (00666) reports a gross profit of approximately 829 million yuan, a year-on-year growth of 177.8% [1] - Kingdee International (00268) sees a revenue increase of 11.24% to 3.192 billion yuan, with strong growth in cloud business [1] - Yuyuan Group (00551) reports a profit attributable to shareholders of $171 million, a decrease of 7.2% year-on-year [1] - Boyaa Interactive (00434) reports a profit attributable to shareholders of 226 million HKD, down 27.8% year-on-year [1] - Chongqing Machinery and Electric (02722) expects a net profit attributable to shareholders to increase by about 50% year-on-year [1] - Anton Oilfield Services (03337) anticipates a significant profit increase of 41.6% to 60.5% year-on-year [1] - Sany International (00631) expects a net profit of approximately 1.234 billion to 1.332 billion yuan, an increase of 25% to 35% year-on-year [1] - Datang Renewable (01798) reports a cumulative power generation of approximately 21.3563 million MWh in the first seven months, an increase of 11.75% year-on-year [1] - China Jinmao (00817) reports a cumulative contracted sales amount of 61.807 billion yuan in the first seven months, up 23.12% year-on-year [1] - New Town Development (01030) reports a cumulative contract sales amount of approximately 11.99 billion yuan in the first seven months, down 55.66% year-on-year [1] - Dongfeng Motor Group (00489) reports automobile sales of approximately 978,500 units in the first seven months, a decrease of about 8.9% year-on-year [1] - Hopson Development Holdings (00754) reports a total contracted sales amount of approximately 9.047 billion yuan in the first seven months, down 12.49% year-on-year [1] - Yuyuan Group (00551) reports a net operating income of approximately $667.5 million in July, a year-on-year decrease of 1.9% [1]

Core Points - Dongfeng Fengshen L8 has officially started pre-sales with a price range of 129,900 to 149,900 yuan [1] - The vehicle is designed as a hybrid SUV targeting mainstream families, featuring a 1.5T turbocharged hybrid engine and a large battery [1][3] - The L8 offers a pure electric range of 248 kilometers and a comprehensive fuel consumption of 2.4L/100km [1][3] Specifications - The dimensions of Dongfeng Fengshen L8 are 4762mm in length, 1910mm in width, and 1677mm in height, with a wheelbase of 2825mm [3] - Interior features include a 15.6-inch 2.5K HD screen, 19-speaker WANOS surround sound system, and zero-pressure SPA function [3] - The L8 is one of the first models to implement Alipay's smart payment strategy, enabling seamless payment for parking, charging, and other services [3] Technology and Charging - The vehicle is equipped with Deepseek & Doubao dual AI models and 28 L2-level intelligent driving assistance features [3] - It includes a 540° panoramic camera and HD streaming rearview mirror for enhanced safety and convenience [3] - The L8 supports 3C fast charging, allowing the battery to charge from 20% to 80% in just 18 minutes [3]

8月11日，中国汽车工业协会（简称"中汽协"）信息发布会在北京召开，2025年1—7月汽车产销数据及 经济运行情况在会上公布。中汽协最新统计显示，7月，中国汽车销量同比增长14.7%，在7—8月的行 业传统淡季呈现淡季不淡的新态势。 中汽协有关负责人表示，从行业市场环境看，以旧换新政策效果继续显现，行业综合整治"内卷"工作取 得积极进展，企业新车型持续投放，助力车市平稳运行，同比实现增长。 另外，华为鸿蒙智行最新数据显示，2025年7月鸿蒙智行全系交付新车突破4.7万辆，位居"新势力第一 阵营"，同比增长8.3%。其中，赛力斯和华为合作的问界系列7月交付突破4万辆，占据主力。 中国汽车月度销量及增长率数据 1—7月，新能源汽车产销累计完成823.2万辆和822万辆，同比分别增长39.2%和38.5%，新能源汽车新车 销量达到汽车新车总销量的45%。在新能源汽车主要品种中，与上年同期相比，氢燃料电池汽车产销明 显下降，其他大类新能源汽车品种产销呈不同程度增长。 在汽车出口方面，7月，中国汽车出口57.5万辆，环比下降2.8%，同比增长22.6%。2025年1—7月，汽车 出口368万辆，同比增长12.8%。 " ...

Core Viewpoint - Dongfeng Motor Group has announced a significant restructuring by establishing Dongfeng Yipai Automotive Technology Co., integrating the R&D, production, supply chain, sales, and service of its three major brands: Dongfeng Fengshen, Dongfeng Nami, and Dongfeng Yipai into a single entity, aiming for improved efficiency and market competitiveness [1][3][10] Group 1: Integration and Market Strategy - The integration is not merely a brand merger but aims for a closed-loop management of the entire value chain, with Yipai brand expected to contribute two-thirds of the annual sales target of 1.5 million vehicles [1][3] - The combined sales target for the three brands is set at 2.13 million units for 2024, with a year-on-year growth of 82.4%, although this still represents less than 3% of the domestic new energy vehicle market [3][10] - The restructuring is a response to the challenges of fragmented operations, which have hindered market influence and competitive positioning against leading brands [3][4] Group 2: Mechanism and Efficiency Changes - The new company structure aims to eliminate bureaucratic hurdles, allowing for faster decision-making and responsiveness to market feedback, which was previously hampered by multi-layered approvals [5][6] - A focus on "user satisfaction" and "efficiency" has been established as guiding principles, with an emphasis on collaboration across all departments to enhance overall performance [6][7] - The delegation of authority has been restructured to empower local management, enabling quicker responses to market demands and improving operational efficiency [6][7] Group 3: Product and Market Development - The company plans to enhance its product offerings by integrating the Yipai and Nami brands, targeting different market segments to cover a broader consumer base [8] - Dongfeng Fengshen will continue to focus on the global energy-efficient vehicle market, aiming for a sales target of 500,000 units, which constitutes one-third of the overall sales goal [8][10] - The company has set ambitious plans for international expansion, with a target of launching 30 models for overseas markets by 2027 and increasing its sales channels from 400 to over 2,000 [9][10]

Summary of Key Points Core Viewpoint - Dongfeng Motor Group reported a decline in total vehicle sales for the first seven months of the year, while showing significant growth in the sales of new energy vehicles [1] Group Sales Performance - Total vehicle sales for Dongfeng Group from January to July reached 978,462 units, representing a year-on-year decrease of approximately 8.9% [1] - The parent company, Dongfeng Motor Corporation, recorded total vehicle sales of 1,260,406 units during the same period, reflecting a year-on-year decline of about 10.8% [1] New Energy Vehicle Sales - New energy vehicle sales amounted to 249,571 units from January to July, indicating a year-on-year increase of approximately 35.5% [1]

东风集团股份(00489)公布，公司 2025 年 1-7 月累计汽车销量为 978,462 辆，同比下降约 8.9%。其中， 新能源汽车销量为 249,571 辆，同比增长约 35.5%。该公司的母公司东风汽车集团有限公司 1-7 月累计 汽车销量为 1,260,406 辆，同比下降约 10.8%。该公司的附属公司东风汽车股份有限公司(600006.SH)1-7 月累计汽车销量为 77,587 辆，同比下降约 17.5%。 1-7，该公司累计汽车产量约96.92万辆，同比减少10%。 ...