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 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: Brilliance China Automotive Holdings Limited (於百慕達註冊成立之有限公司) 呈交日期: 2025年12月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01114 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | USD | | 0.01 | USD | | 80,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 8,000,000, ...

Group 1 - The core viewpoint of the article highlights a significant increase in Hong Kong automotive stocks, driven by government initiatives to boost automobile consumption and streamline the automotive market [1][3] - The Ministry of Commerce plans to promote reforms in automotive circulation and consumption, focusing on expanding the second-hand car market and enhancing various automotive-related sectors such as rentals and modifications [1][3] - Analysts suggest that the new policy aims to address consumer pain points throughout the automotive lifecycle, including challenges in purchasing, using, and selling vehicles, thereby stimulating consumption potential more sustainably than mere price cuts or tax reductions [1] Group 2 - GAC Group saw a stock price increase of over 4%, while other companies like Leap Motor and Beijing Automotive also experienced gains of 3.5% and 3.5% respectively [2] - Xpeng Motors reported a remarkable 149% year-on-year increase in third-quarter sales, indicating strong growth potential [3] - GAC Group announced the establishment of China's first large-capacity all-solid-state battery production line, contributing to its stock price surge [3]

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 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01114 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 5,045,269,388 | | | 0 | | 5,045,269,388 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | 5,045,269,388 | | | 0 | | 5,045,269,388 | 公司名稱: Brilliance China Automotive Holdings Limited (於百慕達註冊成立之有限公司) 呈交日期: 2025年11月4 ...

Core Viewpoint - The automotive stocks experienced a significant decline in the late trading session, indicating a bearish trend in the market for these companies [1] Group 1: Company Performance - Xiaopeng Motors (09868.HK) saw a drop of 4.83%, trading at 78.8 HKD [1] - Great Wall Motors (02333.HK) decreased by 4.02%, with shares priced at 14.81 HKD [1] - GAC Group (02238.HK) fell by 3.5%, reaching 3.31 HKD [1] - Brilliance China (01114.HK) declined by 2.8%, trading at 3.82 HKD [1]

Core Viewpoint - The automotive sector is experiencing a decline in stock prices, particularly for companies like Xpeng Motors, Great Wall Motors, GAC Group, and Brilliance China, amid regulatory developments in the electric vehicle market [1] Regulatory Developments - The National Market Supervision Administration announced the establishment of an innovative recall regulatory system for new energy vehicles, including a fire incident reporting system and remote upgrade reporting system [1] - A pilot program for automotive safety sandbox regulation is being initiated, alongside efforts to strengthen supervision over product recalls and consistency in production for smart connected and new energy vehicles [1] - The administration is also working on a notification to regulate false advertising, exaggerated claims, and irrational competition in the automotive sector [1] Company-Specific News - In response to the lawsuit filed by the Government of Singapore Investment Corporation (GIC) against NIO, a representative from NIO stated that the case is not new and is unrelated to the company's recent operational status, stemming from a short-selling report by Grizzly Research in June 2022 [1] - The report by Grizzly Research was characterized as baseless, containing numerous errors and misleading conclusions [1]

Group 1 - The automotive stocks experienced a significant decline, with Xpeng Motors down 4.83% to HKD 78.8, Great Wall Motors down 4.02% to HKD 14.81, GAC Group down 3.5% to HKD 3.31, and Brilliance China down 2.8% to HKD 3.82 [1] - The National Market Regulation Administration announced the establishment of an innovative recall regulatory system for new energy vehicles, which includes a fire accident reporting system and a remote upgrade reporting system [1] - A notification is being drafted to strengthen the supervision of product recalls and production consistency for intelligent connected and new energy vehicles, aiming to regulate false advertising and irrational competition [1] Group 2 - NIO responded to the lawsuit from the Government of Singapore Investment Corporation (GIC), clarifying that the case is not new and is based on unfounded allegations from a short-selling report by Grizzly Research LLC from June 2022 [1] - The report by Grizzly Research contained numerous errors and misleading conclusions, which NIO claims are baseless [1]

Group 1 - The Hong Kong automotive stocks experienced significant gains, with GAC Group leading with an increase of over 13%, followed by Geely Auto with over 4% [1] - The China Automobile Industry Association reported that the automotive production and sales in the first nine months of the year both exceeded a year-on-year growth rate of 10% [1] - The market outlook for the automotive sector is optimistic, with expectations for upward revisions in growth forecasts for 2025 due to ongoing supportive policies and high export growth [1] Group 2 - JD.com announced a collaboration with GAC Group and CATL to launch a new automotive product, which is expected to enhance market interest [1] - The new vehicle will undergo internal testing and public test drives starting at the end of October, with an official launch scheduled for November 9 [2]

Group 1 - The Hong Kong automotive stocks experienced significant gains, with GAC Group leading with an increase of over 13%, followed by Geely Auto with over 4% and several other companies also showing positive growth [1][1][1] - JD.com announced a collaboration with GAC Group and CATL to launch a new car product, with test drives scheduled for late October and an official release on November 9 [1][1][1] - The China Association of Automobile Manufacturers reported that the automotive market continued its positive trend in Q3, with production and sales growth exceeding 10% year-on-year for the first nine months [1][1][1] Group 2 - Cui Dongshu indicated that the Passenger Car Association raised its annual market forecast in August and will further adjust predictions after discussions in late October, expecting upward revisions for 2025 growth forecasts [1][1][1] - The government's policy measures, including trade-in programs and subsidies for rural areas, along with high export growth, are expected to further boost the annual forecast [1][1][1]

Group 1 - The Hong Kong automotive stocks saw significant gains, with GAC Group leading with an increase of over 13%, followed by Geely Auto with over 4% [1] - JD.com announced a collaboration with GAC Group and CATL to launch a new car product, with test drives starting at the end of October and an official release on November 9 [1] - The China Association of Automobile Manufacturers reported that the automotive market maintained a positive trend in Q3, with production and sales growth exceeding 10% year-on-year in the first nine months [1] Group 2 - Analyst Cui Dongshu indicated that the China Passenger Car Association raised its annual market forecast in August and will further adjust predictions after discussions in late October, expecting upward revisions for 2025 growth forecasts [1] - The ongoing policy measures, including trade-in programs and subsidies for rural areas, along with high export growth, are expected to further boost the annual forecast [1]

Group 1 - Hong Kong automotive stocks experienced a significant rise in the morning but collectively turned down in the afternoon [1] - Brilliance China (01114.HK) fell by 4.3%, trading at 3.78 HKD [1] - Great Wall Motors (02333.HK) decreased by 2.75%, with a price of 15.54 HKD [1] - GAC Group (02238.HK) dropped by 1.86%, now at 3.17 HKD [1] - Li Auto-W (02015.HK) saw a decline of 1.18%, priced at 87.9 HKD [1]