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） ，2025 11 2 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。 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10月產銷快報」。 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 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 长城汽车股份有限公司 2025 年 10 月产销快报 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 ...

股 份 代 號 ： 02 33 3（ 港 幣 櫃 台 ） 及 823 33（ 人 民 幣 櫃 台 ） 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 ） 自願公告 2025年10月產銷快報 本公告乃由長城汽車股份有限公司（「本公司」）自願刊發。 本公司董事會謹此宣佈，本公司於2025年10月產銷量詳細如下(單位:台)： | 車型 | | | 銷量 | | | | | | 產量 | | | | --- | --- | --- | --- | --- | --- | --- | --- ...

证券代码：601633 证券简称：长城汽车 公告编号：2025-122 转债代码：113049 转债简称：长汽转债 长城汽车股份有限公司 2025 年 10 月产销快报 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。 本公告乃由长城汽车股份有限公司（「本公司」）自愿刊发。 10月海外销售57,158台，1-10月累计销售391,339台。 10月新能源车销售46,155台，1-10月累计销售324,618台。 务请注意，上述产销量数字未经审核，亦未经本公司审计师确认，或会予以调整并有待最终确认。本公司刊发财务业绩后，股东及潜在投资者务必详阅。 特此公告。 本公司董事会谨此宣布，本公司于2025年10月产销量详细如下(单位:台)： 长城汽车股份有限公司董事会 2025年11月2日 | 车型 | | | 销量 | | | | | | 产量 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 月度同比 | ...

Core Viewpoint - Great Wall Motors (601633.SH) reported a significant increase in new car sales for October 2025, with a total of 143,078 vehicles sold, representing a year-on-year growth of 22.50% [1] Sales Performance - Haval brand sold 88,235 vehicles in October, marking a year-on-year increase of 21.41% [1] - Wey brand achieved sales of 12,699 vehicles, showing a remarkable growth of 95.79% year-on-year [1] - Tank brand recorded sales of 22,306 vehicles, with a year-on-year growth of 16.64% [1] - Ora brand sold 5,648 vehicles, reflecting a modest year-on-year increase of 1.58% [1] - Great Wall Pickup sold 14,088 vehicles, with a year-on-year growth of 9.31% [1] Year-to-Date Performance - From January to October, Great Wall Motors sold a total of 1,066,436 vehicles, which is a year-on-year increase of 9.87% [1]

Core Insights - Great Wall Motors announced a sales volume of 143,078 units in October 2025, representing a year-on-year increase of 22.50% [1] - The cumulative sales from January to October 2025 reached 1,066,436 units, up 9.87% compared to the same period last year [1] Sales Performance - Haval brand sold 88,235 units in October, a 21.41% increase year-on-year, with cumulative sales of 616,718 units, up 13.28% [2] - ET brand experienced significant growth, with October sales of 12,699 units, a 95.79% increase year-on-year, and cumulative sales of 76,292 units, up 96.25% [2] - Great Wall Pickup sold 14,088 units in October, a 9.31% increase year-on-year, with cumulative sales of 150,311 units, up 3.66% [2] - Ora brand saw a slight increase in October sales to 5,648 units, but cumulative sales decreased by 32.99% to 35,334 units [2] - The Chao Ke brand reported a 16.64% increase in October sales to 22,306 units, with cumulative sales of 187,449 units, down 0.79% [2] - Other brands showed a significant increase in October sales, with 102 units sold, a 52.24% increase year-on-year, but cumulative sales decreased by 48.92% [2] Production Performance - The total production in October was 140,500 units, reflecting a year-on-year increase of 22.01%, with cumulative production of 1,060,316 units, up 9.70% [1][2] - Haval brand's production reached 83,874 units in October, a 12.15% increase year-on-year, with cumulative production of 597,777 units, up 7.65% [2] - ET brand's production surged to 13,079 units in October, a 100.88% increase year-on-year, with cumulative production of 79,546 units, up 100.02% [2] - Great Wall Pickup's production in October was 14,822 units, a 21.94% increase year-on-year, with cumulative production of 152,456 units, up 9.13% [2] - Ora brand's production in October was 6,396 units, a 12.01% increase year-on-year, but cumulative production decreased by 25.15% [2] - Chao Ke brand's production reached 22,325 units in October, a 40.01% increase year-on-year, with cumulative production of 193,734 units, up 5.76% [2]

Core Insights - Great Wall Motors (601633.SH) reported a total sales volume of 143,078 vehicles in October, representing a year-on-year increase of 22.50% [1] - Cumulatively, from January to October, the company achieved total sales of 1,066,436 vehicles, reflecting a year-on-year growth of 9.87% [1] Summary by Category Sales Performance - October sales reached 143,078 units, marking a 22.50% increase compared to the same month last year [1] - Year-to-date sales from January to October totaled 1,066,436 units, which is a 9.87% increase year-on-year [1]

Core Insights - Great Wall Motors (601633.SH) reported a total sales volume of 143,078 vehicles in October, representing a year-on-year increase of 22.50% [1] - Cumulatively, from January to October, the company achieved total sales of 1,066,436 vehicles, reflecting a year-on-year growth of 9.87% [1] Summary by Category - **Monthly Performance** - October sales reached 143,078 vehicles, marking a 22.50% increase compared to the same month last year [1] - **Year-to-Date Performance** - Total sales from January to October amounted to 1,066,436 vehicles, with a year-on-year growth of 9.87% [1]

Core Viewpoint - The October performance of the new energy vehicle (NEV) market has shown significant growth, marking a strong sales season that contrasts with the overall automotive market's decline [2][7][8]. Group 1: Sales Performance - Multiple NEV brands reported record-high delivery numbers in October, with Leap Motor delivering 70,289 vehicles, a year-on-year increase of over 84% [2][5]. - BYD achieved sales of 441,706 vehicles in October, the highest for the year, with cumulative sales from January to October reaching 3,701,852 vehicles, and over 14.2 million NEVs sold cumulatively [3]. - Geely's passenger car sales reached 307,133 units in October, a year-on-year increase of 35%, maintaining an upward trend for eight consecutive months [3]. - Changan's Avita Technology reported sales of 13,500 units in October, a year-on-year increase of 34%, marking a historical high [6]. Group 2: Market Dynamics - The NEV market's robust performance is attributed to supportive policies and the launch of new models, positioning it as a key driver for growth in the automotive industry [2][9]. - Despite the NEV market's growth, the overall passenger car market saw a decline, with retail sales dropping by 7% year-on-year in October [7][8]. - The China Passenger Car Association anticipates that the NEV penetration rate will reach new heights, driven by ongoing policy support and new model launches [9]. Group 3: Future Outlook - The fourth quarter is expected to see continued support from vehicle scrappage and replacement, as well as demand driven by the upcoming reduction in NEV purchase tax subsidies [9]. - Analysts suggest focusing on leading companies in the NEV industry and those with international market presence, as well as component suppliers and infrastructure firms benefiting from the NEV growth [9].

Core Insights - Great Wall Motors reported a total of 143,078 new vehicle sales in October 2025, representing a year-on-year increase of 22.50% [1] Sales Performance - Haval brand sold 88,235 vehicles in October, up 21.41% year-on-year [1] - Wey brand achieved sales of 12,699 vehicles, marking a significant increase of 95.79% year-on-year [1] - Tank brand recorded sales of 22,306 vehicles, reflecting a growth of 16.64% year-on-year [1] - Ora brand sold 5,648 vehicles, with a modest increase of 1.58% year-on-year [1] - Great Wall Pickup sold 14,088 vehicles, showing a growth of 9.31% year-on-year [1] Year-to-Date Performance - From January to October, Great Wall Motors sold a total of 1,066,436 vehicles, which is a year-on-year increase of 9.87% [1]

Core Insights - The Chinese automotive market continues to show strong performance in October, particularly in the new energy vehicle (NEV) segment, indicating a shift in industry dynamics and growth logic [2][6] NEV Market Performance - NEVs are becoming the primary growth driver, with companies like Chery achieving over 110,000 NEV sales, Geely experiencing eight consecutive months of growth, and Great Wall Motors reporting a 44% year-on-year increase [2] - BYD remains the leader with over 440,000 units sold, although its growth momentum has slowed, showing a 12% decline compared to October last year [2][3] New Entrants and Competition - New entrants in the market are gaining traction, with Leap Motor surpassing 70,000 units, Xiaopeng achieving 42,000 units in sales, and NIO returning to growth with a monthly sales figure of 40,000 units [3][4] - The competition among new players has shifted from a focus on technology to one centered on production capacity, distribution channels, and after-sales service [4] Traditional Automakers' Strategies - Traditional automakers are experiencing a clear divide, with Geely and Great Wall Motors showing robust growth through diversified brand strategies and product lines [4][5] - SAIC's Roewe and MG brands have seen a 59% increase in NEV retail sales, but overall sales growth remains modest at 3% [4] Export Growth and Challenges - Exports are emerging as a new growth engine for automakers, with Great Wall's overseas sales reaching 57,000 units, a 28% increase year-on-year [5] - However, the risks associated with localization and profit dilution are significant as companies expand internationally [6] Industry Trends and Future Outlook - The industry is approaching a critical juncture, with NEV penetration nearing 60% and a normalization of price competition leading to declining average gross margins [6][7] - The focus is shifting from rapid growth to quality and operational efficiency, as companies must balance efficiency and profitability to succeed in the evolving market landscape [7]