，2025 10月13日 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） 董 事 會 會 議 通 知 長城汽車股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司董事會會議 將於2025年10月24日（星期五）於中國河北省保定市朝陽南大街2266號舉行，藉以審議及批 准（其中包括）本公司及其子公司截至2025年9月30日止3個月之未經審計的第3季度業績 （以《中國企業會計準則》編製）。 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 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 ...

Core Insights - The overall retail sales of passenger cars in China reached 2.241 million units in September, marking a year-on-year increase of 6.3% and a month-on-month increase of 11.0% [1] - Cumulative retail sales for the year have reached 17.005 million units, representing a year-on-year growth of 9.2%, setting a new historical peak [1] - New energy vehicles (NEVs) have been the primary driver of sales growth, with 14 major car manufacturers collectively selling over 1.32 million NEVs in September [1] Industry Performance - The penetration rate of NEVs in the domestic passenger car market reached 57.8% in September, an increase of 5 percentage points compared to the same period last year [1] - Domestic brands achieved a NEV penetration rate of 78.1% [1] Company Performance - SAIC Motor Corporation achieved sales of 439,777 units in September, a year-on-year increase of 40.39%, reclaiming the title of monthly sales champion among Chinese listed car companies [2] - BYD's sales in September were 396,270 units, a decline of 5.52%, marking the first month of year-on-year decline since March 2024 [3] - Geely Automobile reported sales of 273,125 units in September, a year-on-year increase of 35.24%, with NEV sales reaching 165,201 units, up 81.27% [3] - Chery Automobile's sales reached 255,584 units in September, a year-on-year increase of 8.90%, with NEV sales of 83,498 units, up 17.24% [4] - Leap Motor achieved a remarkable sales increase of 97.4% in September, with 66,657 units delivered, setting a new record for new car manufacturers [5] Market Trends - The automotive market in September saw over 70 new car models launched, contributing to increased consumer purchasing enthusiasm [5] - The fourth quarter is expected to maintain stable growth, driven by policy guidance and high growth foundations, with an anticipated increase in consumer purchases before the adjustment of NEV tax policies in 2026 [6]

Investment Rating - The investment rating for the automotive and parts industry is maintained as Neutral [5] Core Insights - The report anticipates that competitive domestic brands and new forces in intelligent driving technology will continue to expand their market share by 2025 [3][15] - The report suggests ongoing attention to humanoid robotics, Huawei's supply chain, Xiaomi's supply chain, T-chain, and intelligent driving industry companies [3][15] - The expected impact of tariff fluctuations on certain export chains in the automotive parts sector is considered minimal [2][14] Summary by Sections Weekly Insights - Figure AI has officially launched the Figure 03 humanoid robot, which is expected to have strong mass production certainty, with a target annual production capacity of 12,000 units in its first phase [12] - The collaboration between Sairus and ByteDance's Volcano Engine aims to accelerate the development of the domestic robotics industry [13] - Tesla's Cybercab prototype has entered the collision testing phase, indicating readiness for mass production by 2026 [14] Sales Tracking - In September, the wholesale sales of passenger cars reached 2.77 million units, a year-on-year increase of 11%, while retail sales were 2.24 million units, up 6% year-on-year [19][22] Market Performance - The automotive sector underperformed compared to the CSI 300 index, with a decline of 1.5% [26][28] - The passenger vehicle and automotive parts sectors showed weaker performance, with the automotive parts sector experiencing a significant drop of 2.45% [26][30] Key Company Announcements - Sairus announced a cooperation framework with ByteDance to enhance the application of AI in the automotive industry [39] - BYD reported a sales figure of 396,300 units in September, a year-on-year decrease of 5.5% [43] - SAIC Motor's sales in September reached 439,800 units, a year-on-year increase of 40.4% [45]

此次签约，标志着又一股民营制造力量跻身国家极地装备保障体系，为中国汽车品牌的技术实力与价值定位写下全新注脚。 从企业品质到国家认可 南极极端环境对机械装备的考验堪称极致，强风暴雪频发，冰裂、暗沟、碎石与冻土交织的路面，对车辆性能提出严苛要求。中国极地研究中心作为统筹极 地科考装备的权威机构，围绕车辆动力系统低温稳定性、底盘抗冲击能力、油品极端环境适应性等核心需求，最终选定长城汽车作为重要的合作伙伴。 2025年10月11日，保定长城汽车技术中心内，长城汽车与中国极地研究中心的签约仪式，将中国民营汽车企业与国家极地科研事业实现了联结。 这份认可背后，是长城汽车对"可靠品质"的追求。签约仪式上，长城汽车副总裁刘艳钊坦言："中国极地研究中心的认可已经化为沉甸甸的责任"。与以往部 分企业改装展示不同，此次登陆南极的坦克300柴油版为未经特殊改装的量产车型，将直接承担长城站科考任务中的人员通勤、物资运输等实战性保障工 作，这种"原厂出勤"的底气，在全球极地科考用车中并不多见。 不仅如此，长城汽车技术人员将首次参与极地科考任务。这一安排构建起了"现场保障-数据反馈-技术优化"的闭环。科考过程中，技术人员既要确保车辆可 靠 ...

每经AI快讯，10月13日，港股汽车股延续下跌，截至发稿，小鹏汽车-W(09868.HK)跌3.73%，报83.8港 元；理想汽车-W(02015.HK)跌2.66%，报89.7港元；广汽集团(02238.HK)跌2.43%，报3.21港元；长城汽 车(02333.HK)跌1.86%，报16.34港元。 ...

申万宏源近期发布研报称，第四批"以旧换新"资金已经下达，汽车补贴陆续进入尾声；以及明年起新能 源免征购置税政策结束，取而代之的是减半征收，每辆车最高需额外支付1.5万元税费，购买30万元以 上车型的消费者，购车成本将明显上升，进入四季度或许会因此迎来一波市场抢装。 消息面上，工信部此前公布2026年减免购置税技术要求。民生证券发布研报称，政策符合预期，纯电在 售车型基本满足购置税补贴要求；插混续航提升有望提升国内乘用车市场ASP，低效车型将无法再享受 免税，倒逼车企提升三电系统效率。 智通财经APP获悉，汽车股延续下跌，截至发稿，小鹏汽车-W(09868)跌3.73%，报83.8港元；理想汽车- W(02015)跌2.66%，报89.7港元；广汽集团(02238)跌2.43%，报3.21港元；长城汽车(02333)跌1.86%，报 16.34港元。 ...

申万宏源近期发布研报称，第四批"以旧换新"资金已经下达，汽车补贴陆续进入尾声；以及明年起新能 源免征购置税政策结束，取而代之的是减半征收，每辆车最高需额外支付1.5万元税费，购买30万元以 上车型的消费者，购车成本将明显上升，进入四季度或许会因此迎来一波市场抢装。 消息面上，工信部此前公布2026年减免购置税技术要求。民生证券发布研报称，政策符合预期，纯电在 售车型基本满足购置税补贴要求；插混续航提升有望提升国内乘用车市场ASP，低效车型将无法再享受 免税，倒逼车企提升三电系统效率。 汽车股延续下跌，截至发稿，小鹏汽车-W(09868)跌3.73%，报83.8港元；理想汽车-W(02015)跌2.66%， 报89.7港元；广汽集团(02238)跌2.43%，报3.21港元；长城汽车（601633）(02333)跌1.86%，报16.34港 元。 ...

Core Insights - The passenger car market in China showed strong performance in September 2025, with record highs in retail, export, wholesale, and production, particularly in the new energy vehicle (NEV) sector [1][2][5] Retail Performance - In September, the retail sales of passenger cars reached 2.241 million units, a year-on-year increase of 6.3% and a month-on-month increase of 11.0% [2][4] - Cumulative retail sales from January to September reached 17.005 million units, reflecting a 9.2% year-on-year growth [2][4] - The retail penetration rate of NEVs in September was 57.8%, with a notable increase in the share of domestic brands [12][14] Export Trends - In September, the total export of passenger cars was 528,000 units, marking a year-on-year increase of 20.7% [5][15] - NEVs accounted for 40.1% of total exports, with a significant year-on-year increase of 15 percentage points [5][15] - The export of domestic brands reached 463,000 units, a year-on-year growth of 27% [5][15] Production Insights - Passenger car production in September was 2.838 million units, a year-on-year increase of 17.2% [5][6] - Cumulative production from January to September reached 20.78 million units, reflecting a 13.9% year-on-year growth [5][6] Wholesale Data - In September, wholesale sales of passenger cars reached 2.803 million units, a year-on-year increase of 12.4% [6][12] - The wholesale penetration rate of NEVs was 53.5%, with domestic brands leading at 68.3% [12][15] New Energy Vehicle (NEV) Performance - NEV production in September reached 1.501 million units, a year-on-year increase of 22.9% [8][9] - NEV wholesale sales were 1.500 million units, reflecting a year-on-year growth of 22.4% [9][12] - The cumulative retail of NEVs from January to September was 8.866 million units, a growth of 24.4% [9][12] Brand Performance - In September, domestic brands achieved retail sales of 1.5 million units, a year-on-year increase of 13% [4][17] - The market share of domestic brands in the retail sector reached 66.9%, up 3.6 percentage points year-on-year [4][17] - New energy brands like BYD, Geely, and Chery showed strong performance in both retail and wholesale segments [16][17] Market Dynamics - The market is transitioning towards a more stable environment with reduced price wars and moderate promotional activities [3][4] - The competitive landscape is evolving, with emerging brands gaining market share and traditional brands adapting to new trends [16][17]

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 天眼查资料显示，长城汽车股份有限公司，成立于2001年，位于保定市，是一家以从事汽车制造业为主 的企业。企业注册资本855894.5933万人民币。通过天眼查大数据分析，长城汽车股份有限公司共对外 投资了74家企业，参与招投标项目2668次，财产线索方面有商标信息5000条，专利信息5000条，此外企 业还拥有行政许可640个。 国家知识产权局信息显示，长城汽车股份有限公司取得一项名为"热管理系统和车辆"的专利，授权公告 号 CN 119408375 B，申请日期为 2024年12月。 ...

Overall Market Summary - In September 2025, the retail sales of passenger cars reached 2.241 million units, a year-on-year increase of 6.3% and a month-on-month increase of 11.0%. Cumulative retail sales for the year reached 17.005 million units, up 9.2% year-on-year [13][15][16] - The production of passenger cars in September was 2.838 million units, a year-on-year increase of 17.2% and a month-on-month increase of 15.7%. Cumulative production for the year was 20.78 million units, up 13.9% year-on-year [17][18] - The wholesale volume for September was 2.803 million units, marking a historical high for the month, with a year-on-year increase of 12.4% and a month-on-month increase of 13.0% [18] New Energy Market Summary - In September 2025, the production of new energy vehicles (NEVs) reached 1.501 million units, a year-on-year increase of 22.9% and a month-on-month increase of 17.5%. Cumulative production for the year was 10.376 million units, up 32.2% year-on-year [19] - The wholesale volume of NEVs in September was 1.500 million units, a year-on-year increase of 22.4% and a month-on-month increase of 15.9%. Cumulative wholesale for the year reached 10.444 million units, up 31.9% year-on-year [19] - The retail sales of NEVs in September were 1.296 million units, a year-on-year increase of 15.5% and a month-on-month increase of 16.2%. Cumulative retail for the year was 886.6 thousand units, up 24.4% year-on-year [19] Export Performance - In September, the export of passenger cars reached 528,000 units, a year-on-year increase of 20.7% and a month-on-month increase of 5.7%. Cumulative exports for the year were 3.999 million units, up 12.5% year-on-year [17] - NEVs accounted for 40.1% of total exports in September, a year-on-year increase of 15 percentage points. The export of NEVs reached 211,000 units, a year-on-year increase of 96.5% [24][17] Market Trends and Insights - The market is experiencing a shift towards stable pricing and reduced promotional activities, with 23 models seeing price cuts in September, compared to 36 last year [13][15] - The penetration rate of NEVs in the domestic market reached 57.8% in September, with a notable increase in the share of domestic brands [23][19] - The competitive landscape is evolving, with significant growth in domestic brands, particularly in the NEV segment, where brands like BYD and Geely are leading [27][26] Inventory and Production Dynamics - The overall industry inventory increased by 70,000 units in September, indicating a proactive approach by manufacturers to build inventory [19] - The production of luxury brands increased by 7% year-on-year, while domestic brands saw a 21% increase, reflecting strong demand [17][19] Future Outlook - The market is expected to maintain a "front low, middle high, back flat" trend, with a focus on new energy vehicles driving growth [15][29] - The upcoming months may see a more moderate growth rate due to seasonal factors and changes in consumer purchasing behavior [29][30]