Financial Performance - In the first half of 2025, the company achieved a consolidated operating revenue of 299.59 billion yuan, a year-on-year increase of 5.23% [2][3] - The net profit attributable to shareholders decreased by 9.21% to 6.02 billion yuan, while the net profit excluding non-recurring gains and losses surged by 432.21% to 5.43 billion yuan [2][3] - The company reported a net cash flow from operating activities of 21.04 billion yuan, an increase of 85.89% compared to the same period last year [3] Sales and Market Performance - The company sold 2.053 million vehicles in the first half of 2025, representing a year-on-year growth of 12.4%, with retail sales reaching 2.207 million vehicles, maintaining the top position in the domestic industry [3] - Sales of the company's self-owned brands reached 1.304 million units, up 21.1%, accounting for 63.5% of total sales; sales of new energy vehicles increased by 40.2% to 646,000 units [3] - The company expanded its overseas market efforts, with MG brand becoming the best-selling Chinese brand in Western Europe in the first half of the year [4] Strategic Initiatives - The company is advancing its collaboration with Huawei, focusing on the development of the new brand "SAIC尚界" and preparing for the launch of its first product in September [4] - The company is enhancing its electric and intelligent vehicle components, optimizing its smart chassis and cockpit business layouts [5] - The company is also investing in key core technology development, including second-generation solid-state batteries and new intelligent cockpit systems in collaboration with OPPO [5]

格隆汇8月28日｜上汽集团(600104)公告，2025年上半年营业收入2943.36亿元，同比增长6.23%。净利润 60.18亿元，同比下降9.21%。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com ...

上海汽车集团股份有限公司 章 程 1 目 录 2 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第四章 股东和股东会 第一节 股东的一般规定 第二节 控股股东和实际控制人 第三节 股东会的一般规定 第四节 股东会的召集 第五节 股东会的提案与通知 第六节 股东会的召开 第七节 股东会的表决和决议 第五章 董事和董事会 第一节 董事的一般规定 第二节 董事会 第三节 独立董事 第四节 董事会专门委员会 第六章 高级管理人员 第七章 党、纪、工、团组织 第八章 财务会计制度、利润分配和审计 第一节 财务会计制度 第二节 内部审计 第三节 会计师事务所的聘任 第九章 通知与公告 第一节 通知 第二节 公告 第十章 合并、分立、增资、减资、解散和清算 第一节 合并、分立、增资和减资 第二节 解散和清算 第十一章 修改章程 第十二章 附则 第一章 总则 第一条 为维护公司、股东、职工和债权人的合法权益,规范公 司的组织和行为,根据《中华人民共和国公司法》(以下简称《公司法》)、 《中华人民共和国证券法》(以下简称《证券法》)、《中国共产党章 程》和其他有 ...

8月28日，上汽集团发布半年报，2025年上半年，公司实现合并营业总收入2995.88亿元，同比增长 5.23%；归母净利润60.18亿元，同比下降9.21%；基本每股收益0.525元。报告期内，公司完成整车批售 205.3万辆，同比增长12.4%，单月销量实现同比"六连涨"；整车零售达到220.7万辆，继续保持国内行业 第一。 ...

上海汽车集团股份有限公司2025 年半年度报告 公司代码：600104 公司简称：上汽集团 上海汽车集团股份有限公司 2025 年半年度报告 1 / 145 上海汽车集团股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人王晓秋、主管会计工作负责人卫勇及会计机构负责人（会计主管人员）谢蔚声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述，不构成公司对投资者的实质承诺，敬 请投资者注意投资风险。 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 报告期内，不存在对公司生产经营产生实质性影响的特别重大风险。公司已在本报告中 ...

证券代码：600104 证券简称：上汽集团 公告编号：临 2025－038 上海汽车集团股份有限公司 关于计提资产减值准备的公告 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。 上海汽车集团股份有限公司于 2025 年 8 月 27 日召开了第九届董 事会第二次会议，审议通过了《关于计提资产减值准备的议案》，现 将有关情况公告如下： 一、 本次计提资产减值准备概述 为客观、公允、准确地反映公司 2025 年上半年财务状况和各项 资产的价值，根据《企业会计准则》及公司会计政策的相关规定，本 着谨慎性的原则，公司对应收款项、长期应收款、发放贷款及垫款、 存货、固定资产等相关资产进行了清查，并按资产类别进行了减值测 试，现拟对其中存在减值迹象的资产相应提取减值准备。 二、 本次计提资产减值准备的依据和原因说明 根据《企业会计准则第 1 号—存货》：按照资产负债表日成本与 可变现净值孰低计量，当其可变现净值低于成本时，计提存货跌价准 备。 根据《企业会计准则第 8 号—资产减值》：资产存在减值迹象的， 应当估计其可收回金额。可收回金额 ...

上海汽车集团股份有限公司 关于上海汽车集团财务有限责任公司 2025 年半年度风险评估报告 上海汽车集团股份有限公司（以下简称"本公司"）按照《上海 证券交易所上市公司自律监管指引第 5 号——交易与关联交易》的要 求，通过查验上海汽车集团财务有限责任公司（以下简称"上汽财务 公司"）《金融许可证》《企业法人营业执照》等证件资料，审阅上汽 财务公司相关财务报表，对上汽财务公司的经营资质、业务和风险状 况进行了评估，具体情况报告如下： 一、上汽财务公司基本情况 上汽财务公司成立于 1994 年 4 月，是是经中国人民银行批准成 立，受国家金融监督管理总局及其派出机构监管的非银行金融机构， 2025 年 6 月末上汽财务公司注册资本人民币 153.80 亿元，为本公司 100%持股全资子公司。 金融许可证机构编码：L0038H231000001 企业法人营业执照统一社会信用代码：913101151322268960 法定代表人：贾健旭 (2)办理成员单位贷款； (3)办理成员单位票据贴现； (4)办理成员单位资金结算与收付； (5)提供成员单位委托贷款、债券承销、非融资性保函、财务顾问、 信用鉴证及咨询代理业务； ...

上汽集团公告，2025年上半年营业收入2943.36亿元，同比增长6.23%。净利润60.18亿元，同比下降 9.21%。 ...

Market Overview - The passenger car sector experienced a decline of 0.28% on August 28, with Haima Automobile leading the drop [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Individual Stock Performance - Great Wall Motors (601633) closed at 25.51, with an increase of 1.39% and a trading volume of 271,700 shares, totaling a transaction value of 689 million [1] - BAIC BluePark (600733) closed at 8.72, up 0.58%, with a trading volume of 1.504 million shares and a transaction value of 1.299 billion [1] - SAIC Motor (600104) closed at 18.93, up 0.11%, with a trading volume of 897,300 shares and a transaction value of 1.684 billion [1] - GAC Group (601238) remained unchanged at 7.88, with a trading volume of 381,400 shares and a transaction value of 297 million [1] - Seres (601127) closed at 131.38, down 0.33%, with a trading volume of 301,200 shares and a transaction value of 393.5 million [1] - Changan Automobile (000625) closed at 12.70, down 0.39%, with a trading volume of 1.6576 million shares and a transaction value of 2.093 billion [1] - BYD (002594) closed at 109.32, down 1.23%, with a trading volume of 762,500 shares and a transaction value of 8.278 billion [1] - Haima Automobile (000572) closed at 4.64, down 2.11%, with a trading volume of 885,800 shares and a transaction value of 412 million [1] Fund Flow Analysis - The passenger car sector saw a net outflow of 2.4 billion from institutional investors, while retail investors had a net inflow of 2.116 billion [1] - The detailed fund flow for individual stocks indicates that GAC Group had a net outflow of 14.42 million from institutional investors, while retail investors contributed a net inflow of 19.16 million [2] - Great Wall Motors experienced a net outflow of 18.49 million from institutional investors, with a net inflow of 62.04 million from retail investors [2] - SAIC Motor had a net outflow of 18.53 million from institutional investors, with a net inflow of 117 million from retail investors [2] - Haima Automobile faced a significant net outflow of 47.76 million from institutional investors, while retail investors contributed a net inflow of 16.60 million [2] - BYD saw a substantial net outflow of 1.145 billion from institutional investors, with a smaller net inflow of 99.71 million from retail investors [2]

Group 1 - The core viewpoint is that Chinese automakers' carbon credit income in Europe may exceed market expectations due to strict carbon emission requirements, despite a decrease in carbon credit scarcity as new energy penetration increases [1] - The report highlights that Chinese automakers are experiencing rapid growth in plug-in hybrid vehicle sales in Europe, which is expected to continue benefiting during the EU's carbon emission assessment transition period [3] - The collaboration between Chinese automaker Leap Motor and Stellantis illustrates the financial benefits of carbon credits, with Leap Motor's electric vehicles potentially reducing Stellantis' fines by approximately €8,900 per vehicle [1] Group 2 - The report emphasizes that the penetration of new energy vehicles in Europe is driven by various factors, particularly the low penetration rate of B/C class vehicles, which presents significant growth opportunities [2] - It is noted that while luxury brands like Mercedes and BMW have advanced in electrification, affordable brands such as Volkswagen and Renault are expected to outpace the industry average in their electric vehicle growth during this cycle [2] - The report suggests that Chinese automakers with local production capacity in the EU and plans to launch multiple affordable models will experience faster growth, recommending attention to companies like Leap Motor and BYD [3] Group 3 - Investment recommendations include focusing on companies such as Leap Motor, BYD, SAIC Motor, Geely, Xpeng, and NIO for electric vehicle manufacturers [4] - The European new energy vehicle supply chain is suggested to include companies like Weimars, Minth Group, Farah Electronics, Xinrui Technology, and Futech [4]