Group 1 - The core point of the article is that Hebei Xiong'an Great Wall Automobile Technology Co., Ltd. has increased its registered capital from 50 million RMB to 160 million RMB, representing a 220% increase, which may support business expansion [1] - The company was established in September 2018 and is wholly owned by Great Wall Motors [1] - The business scope of the company includes technology intermediary services, supply chain management services, and software development [1]

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 。 長 城 汽 車 股 份 有 限 公 司 GREAT WALL MOTOR COMPANY LIMITED* （於中華人民共和國註冊成立的股份有限公司） 股份代號：2333（港幣櫃檯）及82333（人民幣櫃檯） 此海外監管公告是根據香港聯合交易所有限公司證券上市規則第13.10B條發出。以下為長城汽 車股份有限公司於上海證券交易所網站（www.sse.com.cn）所刊發之「長城汽車股份有限公司 關於參加2025年河北轄區上市公司投資者網上集體接待日暨2025年半年報集體業績說明會的公 告」。 承董事會命 長城汽車股份有限公司 聯席公司秘書 李紅栓 中國河北省保定市 ，2025年9月10日 於本公告日期，董事會成員如下： 執行董事： 魏建軍先生、趙國慶先生及李紅栓女士。 職工董事： 盧彩娟女士。 非執行董事： 何平先生。 獨立非執行董事：樂英女士、范輝先生及鄒兆麟先生。 * 僅供識別 海外監管公告 | 证 ...

Group 1 - The passenger car sector experienced a decline of 0.66% on September 10, with Great Wall Motors leading the drop [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] - Major stocks in the passenger car sector showed mixed performance, with BYD down 0.27% and Great Wall Motors down 1.72% [1] Group 2 - The net outflow of main funds in the passenger car sector was 573 million yuan, while retail investors saw a net inflow of 390 million yuan [1] - Specific stock fund flows indicated that Great Wall Motors had a significant net outflow of 61.29 million yuan from main funds [2] - BYD experienced a net outflow of 145 million yuan from main funds, but retail investors contributed a net inflow of 197 million yuan [2]

Core Insights - Hebei Xiong'an Great Wall Automobile Technology Co., Ltd. has increased its registered capital from 50 million RMB to 160 million RMB, representing a 220% increase [1] Company Overview - The company was established in September 2018 and is legally represented by Liu Lizhu [1] - Its business scope includes technology intermediary services, supply chain management services, software development, information technology and process outsourcing services commissioned by financial institutions, information consulting services, IoT technology research and development, industrial internet data services, software sales, and software outsourcing services [1] - The company is wholly owned by Great Wall Motor Company Limited (601633) [1]

Group 1 - The registered capital of Hebei Xiong'an Great Wall Automobile Technology Co., Ltd. has increased from 50 million RMB to 160 million RMB, representing a growth of 220% [1] - The company was established in September 2018 and is wholly owned by Great Wall Motors (601633) [1] - The business scope of the company includes technology intermediary services, supply chain management services, software development, and various information technology services [1]

Core Points - The 2025 list of the top 100 private enterprises in Hebei Province was released by the Hebei Federation of Industry and Commerce on September 9 [1] - The list includes various sectors, highlighting the diversity and strength of private enterprises in the region [6] Group 1: Top 100 Private Enterprises - The list features companies such as Yuhua Steel Co., Ltd., Tangshan Ganglu Steel Co., Ltd., and Jinko Solar Technology Co., Ltd. [2][3][4] - Notable mentions include Longcheng Automotive Co., Ltd. and Hebei Construction Group [4][6] Group 2: Manufacturing Sector - The top 100 private manufacturing enterprises include companies like Jingye Group Co., Ltd. and Hebei Xinhua United Metallurgical Holding Group [6][7] - The manufacturing sector showcases a strong representation of steel and automotive industries [6][20] Group 3: Service Sector - The top 100 private service enterprises feature Hebei Qianxihe Food Co., Ltd. and Xinlian Logistics Group [13][14] - This indicates a growing service industry alongside traditional manufacturing [13] Group 4: R&D Investment - The top 100 private enterprises in R&D investment include Changcheng Automotive Co., Ltd. and Shijiazhuang Yiling Pharmaceutical Co., Ltd. [20][26] - This highlights the emphasis on innovation and technology development within Hebei's private sector [20] Group 5: Patent Holdings - The top 100 private enterprises for invention patents are led by Changcheng Automotive Co., Ltd. and New Hope Liuhe Co., Ltd. [26][27] - This reflects the commitment to intellectual property and innovation among leading companies in Hebei [26]

Group 1 - The core viewpoint of the news is that Great Wall Motors' stock has experienced fluctuations, with a recent decline of 2.06% and a total market capitalization of 219.54 billion yuan [1] - As of June 30, 2025, Great Wall Motors reported a revenue of 92.335 billion yuan, representing a year-on-year growth of 0.99%, while the net profit attributable to shareholders decreased by 10.48% to 6.337 billion yuan [2] - The company has distributed a total of 34.696 billion yuan in dividends since its A-share listing, with 8.95 billion yuan distributed in the last three years [3] Group 2 - The main business of Great Wall Motors includes automobile production and sales, with automotive sales accounting for 86.79% of total revenue, followed by auto parts sales at 6.35% [1] - As of June 30, 2025, the number of shareholders increased by 18.73% to 178,500, while the average circulating shares per person remained at 0 [2] - The company is categorized under the automotive industry, specifically in the passenger vehicle sector, and is involved in various concept sectors including fuel cells and new energy vehicles [1]

Group 1 - The State Intellectual Property Office of China has granted Great Wall Motors Co., Ltd. a patent for "Intelligent Monitoring and Diagnostic Methods, Vehicle Central Control System, Diagnostic System, and Vehicle," with authorization announcement number CN 115933424 B, applied on January 2023 [1] - Great Wall Motors Co., Ltd. was established in 2001 and is located in Baoding City, primarily engaged in the automotive manufacturing industry [1] - The registered capital of Great Wall Motors Co., Ltd. is approximately 85.59 billion RMB [1] Group 2 - According to Tianyancha data analysis, Great Wall Motors Co., Ltd. has invested in 74 companies and participated in 2,609 bidding projects [1] - The company holds 5,000 trademark records and 5,000 patent records, along with 640 administrative licenses [1]

Investment Rating - The investment rating for the company is "Buy" and is maintained [8] Core Views - In August 2025, the company achieved a total sales volume of 116,000 vehicles, representing a year-on-year increase of 22.3% and a month-on-month increase of 10.7%. Among these, export sales reached 45,000 vehicles, accounting for 39.1% of total sales. The sales of new energy vehicles (NEVs) reached 37,000 units, with NEV passenger vehicles accounting for 36.7% of total sales, showing a year-on-year increase of 5.9 percentage points [2][10] - The company is accelerating its global expansion and is committed to transitioning to new energy, with a continuous new vehicle cycle expected to drive improvements in sales and performance. Long-term strategies are expected to open up growth opportunities for sales, while the shift towards smart technology is anticipated to enhance profitability across the entire industry chain [2][10] Summary by Sections Sales Performance - In August 2025, total sales reached 116,000 vehicles, with NEV sales at 37,000 units, marking a year-on-year increase of 50.9%. Cumulatively, from January to August 2025, total sales were 790,000 vehicles, up 5.9% year-on-year, and NEV sales were 233,000 units, up 28.2% year-on-year [10][10] - By brand, Haval sold 68,912 vehicles, Tank sold 20,022 vehicles, WEY sold 8,028 vehicles, Ora sold 5,223 vehicles, and Great Wall Pickup sold 13,322 vehicles in August 2025 [10] Global Expansion - The company has implemented the "ONE GWM" strategy to accelerate its overseas expansion, covering over 170 countries and regions with more than 1,400 overseas sales channels. It has established three complete vehicle production bases in Thailand and Brazil, and several KD factories in Ecuador and Pakistan [10] Financial Projections - The company is expected to achieve net profits of 14.13 billion, 17.12 billion, and 21.52 billion yuan for the years 2025 to 2027, corresponding to A-share P/E ratios of 15.8X, 13.0X, and 10.4X, and Hong Kong stock P/E ratios of 10.6X, 8.8X, and 7.0X respectively [10]

Core Viewpoint - The pickup truck market is experiencing a surge in product launches and technological innovations, particularly in the context of the Chengdu Auto Show, setting a positive tone for the upcoming peak sales season in September and October [1]. Group 1: Market Performance and Rankings - In August 2025, the "Pickup Truck Influence Index" ranked Chang'an, Great Wall, and Jianghuai as the top three brands, with total scores of 283, 247, and 160 respectively [2][4]. - The overall score for August reached 1498, reflecting a month-on-month increase of 4.6% and a year-on-year increase of 2.5%, indicating improved market performance [4]. - The competition landscape is characterized by stable top-tier brands, intense competition in the middle tier, and notable changes in the lower tier, with brands striving for market share through product innovation and marketing strategies [5]. Group 2: New Product Launches - The Chengdu Auto Show showcased a variety of new energy pickup trucks, highlighting the industry's shift towards electrification, high-end features, and consumer-oriented designs [6][17]. - Chang'an's K50 pickup was launched with a price range of 127,900 to 192,900 yuan, featuring a comprehensive range of 1031 kilometers and addressing concerns about the cost of traditional fuel pickups [7][11]. - Great Wall's V6 Fire Cannon, priced at 229,800 yuan, is designed for extreme off-road conditions, showcasing the brand's commitment to performance and consumer aspirations [9]. - Jianghuai's new energy models, the PHEV and EV, were launched with prices starting at 159,800 and 199,800 yuan respectively, emphasizing the brand's advancements in the new energy sector [11]. - Radar's new electric hybrid model, priced at 138,800 yuan, is tailored for outdoor and commercial use, offering a cost-effective and efficient solution [13]. Group 3: Global Market Expansion - Chinese pickup brands are actively expanding their global presence, with Great Wall's new factory in Brazil set to produce models for the Latin American market, enhancing its competitive edge [21][24]. - Jianghuai's EV was successfully delivered to a Singaporean airline, marking a significant step in establishing its brand influence in the international market [23]. - JMC delivered 15 Baodian pickups to the Panamanian government, reinforcing its reputation for reliability and adaptability in the Latin American region [24]. - The overall trend indicates that Chinese pickup brands are leveraging product strength, new energy transitions, and localized partnerships to enhance their global competitiveness [25].