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: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 途虎養車股份有限公司(*僅供識別) （於開曼群島註冊成立以不同投票權控制的有限公司） 呈交日期: 2026年3月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09690 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,431,050,420 | USD | | 0.00002 USD | | 48,621.01 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 2,431,050,420 | USD | | 0.00002 USD | ...

格隆汇2月27日丨途虎-W(09690.HK)宣布，公司将于2026年3月20日（星期五）举行董事会会议，以 （其中包括）考虑及批准公司及其附属公司截至2025年12月31日止年度的年度业绩及其刊发，以及考虑 建议派发末期股息（如有）。 ...

承董事會命 途虎養車股份有限公司* 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，概不就因本公告全部或任何部分內容所產生或因依 賴該等內容而引致的任何損失承擔任何責任。 TUHU Car Inc. 途虎養車股份有限公司* （於開曼群島註冊成立以不同投票權控制的有限公司） （股份代號：9690） 董事會會議召開日期 途虎養車股份有限公司*（「本公司」）之董事會（「董事會」）謹此宣佈，本公司將於 2026年3月20日（星期五）舉行董事會會議，以（其中包括）考慮及批准本公司及其 附屬公司截至2025年12月31日止年度的年度業績及其刊發，以及考慮建議派發末 期股息（如有）。 主席兼執行董事 陳敏 香港，2026年2月27日 於本公告日期，董事會包括執行董事陳敏先生及胡曉東先生；非執行董事姚磊文 先生；獨立非執行董事顏惠萍女士、王靜波先生及周凌霏女士。 * 僅供識別 ...

港股频道更多独家策划、专家专栏，免费查阅>> 责任编辑：山上 | 代码 | 名称 | 涨跌幅 ^ | 最新价 | 总市值 | 年初至今涨跌 | | --- | --- | --- | --- | --- | --- | | 00881 | 中升控股 | -9.12% | 10.560 | 249.95亿 | -9.12% | | 01959 | 世纪联合控股 | -5.52% | 2.910 | 15.42亿 | -11.01% | | 03836 | 和谐汽车 | -4.08% | 0.940 | 14.32亿 | -7.84% | | 03669 | 永达汽车 | -3.75% | 1.540 | 28.57亿 | -12.50% | | 00138 | 中建富通 | -3.08% | 0.063 | 1.01亿 | -10.00% | | 09690 | 途虎-W | -1.00% | 14.900 | 123.16亿 | -7.68% | 2月26日，港股市场汽车零售商股集体下跌，其中，中升控股跌超9%，世纪联合控股跌超5%，和谐汽车跌4%，永达汽 车、中建富通跌超3%。消息面上，香港新一份财政预算案 ...

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: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 途虎養車股份有限公司(*僅供識別) （於開曼群島註冊成立以不同投票權控制的有限公司） 呈交日期: 2026年2月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09690 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,431,050,420 | USD | | 0.00002 USD | | 48,621.01 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 2,431,050,420 | USD | | 0.00002 USD | ...

2026年2月3日，国内领先的独立汽车服务平台途虎养车与全球知名涂料品牌PPG汽车修补漆，在PPG大中华区总部正式举行战略合作签约仪式。基于双方自 2024年初启动合作以来的良好基础，本次双方续签并深化战略合作协议，途虎养车部分精选钣喷门店将选用PPG汽车修补漆产品及标准化喷涂解决方案，共 同推动汽车钣喷服务质量与用户体验的全面升级。 财经频道更多独家策划、专家专栏，免费查阅>> 本次签约仪式上，途虎养车相关业务负责人，以及PPG汽车修补漆全球高级副总裁Chancey Hagerty，PPG汽车修补漆亚洲区副总裁Tony Wu，PPG汽车修补 漆Mid-tier业务总经理Eric Zheng等双方高层出席并共同见证这一重要时刻。 责任编辑：山上 PPG是全球领先的涂料、材料和解决方案供应商，拥有140多年的行业积淀。汽车修补漆作为PPG旗下核心业务板块之一，在全球汽车后市场领域享有极高 的专业声誉与市场口碑。依托领先的产品技术、完善的培训体系以及覆盖全国的经销商网络，PPG汽车修补漆长期服务于国内主流4S店、连锁维修体系及高 端修理厂网络。深耕中国市场二十余载，PPG汽车修补漆通过技术创新与人才培养，推动中国 ...

Group 1 - Anta Sports (82020), Li Ning (82331), and JD Health (86618) have the highest short-selling ratios at 100.00% each [1][2] - BYD Company (01211), Meituan (03690), and Xiaomi Group (01810) lead in short-selling amounts, with 1.896 billion, 1.439 billion, and 0.965 billion respectively [1][2] - Li Ning (82331), Shangmei Group (02145), and Bank of China Hong Kong (82388) have the highest deviation values at 37.55%, 31.60%, and 30.16% respectively [1][2] Group 2 - The top short-selling ratio rankings include Anta Sports (82020) at 100.00%, Li Ning (82331) at 100.00%, and JD Health (86618) at 100.00% [2] - The top short-selling amounts are led by BYD Company (01211) at 1.896 billion, Meituan (03690) at 1.439 billion, and Xiaomi Group (01810) at 0.965 billion [2] - The top deviation values are led by Li Ning (82331) at 37.55%, Shangmei Group (02145) at 31.60%, and Bank of China Hong Kong (82388) at 30.16% [2]

Core Viewpoint - Guosheng Securities initiates coverage on Tuhu-W (09690) with a "Buy" rating, highlighting Tuhu's leading position in the automotive aftermarket and its ongoing expansion of an integrated online and offline platform [1] Group 1: Company Performance - Tuhu has established itself as a leading online and offline integrated automotive service platform since its inception in 2011, building a nationwide service network and a comprehensive ecosystem [2] - The company has achieved profitability, with steady growth in revenue and net profit, and an improving gross margin, indicating strong cash flow [2] - The projected net profits for Tuhu from 2025 to 2027 are estimated at 647 million, 822 million, and 1.055 billion yuan, reflecting year-on-year growth rates of 33.75%, 26.96%, and 28.45% respectively [1] Group 2: Industry Trends - The automotive aftermarket is experiencing continuous demand growth driven by the increasing number of vehicles and aging vehicle structures in China [3] - The Independent Automotive Service channel (IAM) is gaining market share due to its cost-effectiveness, particularly for vehicles out of warranty, indicating a favorable market environment [3] - The rise in penetration of new energy vehicles is creating new service demands, with Tuhu strategically positioning itself to benefit from this growth by expanding its service offerings in this area [3] Group 3: Business Model and Strategy - Tuhu has built a robust online platform that attracts a large number of registered users and maintains high consumer engagement through digital tools for efficient service delivery [4] - The company employs a light-asset franchise model for offline expansion, establishing a standardized store management system to enhance operational efficiency and service quality [4] - Tuhu has developed a nationwide logistics system combining self-operated infrastructure and third-party service providers to ensure fulfillment capabilities, reinforcing its competitive edge in the market [4]

Core Viewpoint - Guosheng Securities initiates coverage on Tuhu-W (09690) with a "Buy" rating, highlighting its leading position in the automotive aftermarket and expected profit growth from 2025 to 2027 [1] Group 1: Company Performance - Tuhu has established itself as a leading integrated online and offline automotive service platform since its inception in 2011, with a nationwide service network and a robust ecosystem [1] - The company has achieved profitability, with steady growth in revenue and net profit, and an improving gross margin, indicating strong cash flow [1] - The projected net profits for Tuhu are 647 million, 822 million, and 1.055 billion yuan for 2025, 2026, and 2027 respectively, with year-on-year growth rates of 33.75%, 26.96%, and 28.45% [1] Group 2: Industry Trends - The automotive aftermarket is experiencing growth driven by the increasing number of vehicles and aging vehicle structures, leading to rising demand for maintenance and repair services [2] - The Independent Automotive Service Market (IAM) is gaining market share due to its cost-effectiveness, particularly for vehicles out of warranty, indicating a favorable industry outlook [2] - The rapid increase in the penetration of new energy vehicles is creating new service demands, with Tuhu strategically positioning itself to benefit from this growth by expanding its services in this area [2] Group 3: Business Model and Expansion - Tuhu has built a large user base and high customer retention through its online platform, utilizing digital tools for efficient service delivery and improved customer experience [3] - The company employs a light-asset franchise model for offline expansion, establishing a standardized store management system to enhance operational efficiency and service quality [3] - Tuhu has developed a nationwide logistics system combining self-operated infrastructure and third-party service providers to ensure fulfillment capabilities, reinforcing its competitive edge in the market [3]

汽车后市场行业龙头地位稳固，业绩增长确定性强。途虎养车作为中国领先的线上线下一体化汽车服务 平台，自2011 年成立以来，已构建起覆盖全国的服务网络与完善的生态体系。财务层面，公司已实现 盈利突破，营收与净利润保持稳健增长态势，毛利率稳步提升，现金流状况良好。随着线上用户流量增 加和线下门店网络持续下沉、高毛利业务占比提升及运营效率进一步改善，公司业绩增长的持续性与确 定性较强，龙头地位稳固。 行业红利持续释放，成长空间广阔。中国汽车保有量稳步增长与车龄结构老化趋势，直接驱动汽车维修 保养等后市场需求持续扩张。独立汽车服务渠道（IAM）凭借高性价比优势，成为保修期届满车辆的优 选渠道，市场占比不断提升，行业红利有望释放。同时，新能源汽车渗透率快速提升催生新的服务需 求，插电式混合动力汽车和纯电动汽车都能为行业在未来带来一定的增量空间。途虎养车精准把握行业 趋势，提前布局新能源汽车服务业务，通过合作拓展充电网络、升级门店服务能力等方式，有望充分受 益于行业空间的增长红利。 机构：国盛证券 研究员：丁逸朦 线上平台为用户打造汽车服务生态，线下以轻资产加盟模式进行规模化扩张。在线上平台，途虎积累了 海量注册用户与高 ...