Group 1 - The annual general meeting of Baic Blue Valley New Energy Technology Co., Ltd. was held on May 30, 2025, with no resolutions rejected [2][10] - The meeting was conducted in accordance with the Company Law and the Articles of Association, combining on-site and online voting methods [2][3] - All current directors and supervisors attended the meeting, with a total of 9 directors and 5 supervisors present [3] Group 2 - All proposed resolutions regarding the 2024 annual report, financial settlement plan, and profit distribution were approved [4][5] - Special resolutions related to the issuance of shares to specific targets and associated agreements with BAIC Group and Foton Motor were also passed [7][8] - The meeting's legal compliance was confirmed by Beijing Deheng Law Firm, ensuring all procedures and resolutions were valid [12]

备注： 1、本表为产销快报数据，具体数据以定期报告数据为准。 证券代码：600733 证券简称：北汽蓝谷 公告编号：临 2025-047 北汽蓝谷新能源科技股份有限公司 子公司2025年5月份产销快报 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。 北汽蓝谷新能源科技股份有限公司子公司 2025 年 5 月份产销快报如下： | 单位 | | | | 产量（辆） | | | | | | 销量（辆） | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 本月 | 去年 | 同比 | 本年 | 去年同期 | 同比 | 本月 | 去年 | 同比 | 本年 | 去年同期 | 同比 | | | | 同期 | 变动 | 累计 | 累计 | 变动 | | 同期 | 变动 | 累计 | 累计 | 变动 | | 北京新能源汽车 股份有限公司 | 13,433 | 4,248 | 216.22% | 54,263 | 11, ...

2024 年年度股东大会的 法律意见 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话:010-52682888 传真:010-52682999 邮编:100033 北京德恒律师事务所 关于北汽蓝谷新能源科技股份有限公司 2024 年年度股东大会的法律意见 北京德恒律师事务所 关于北汽蓝谷新能源科技股份有限公司 北京德恒律师事务所 关于北汽蓝谷新能源科技股份有限公司 2024 年年度股东大会的 法律意见 德恒 01G20250023-02 号 致：北汽蓝谷新能源科技股份有限公司 北汽蓝谷新能源科技股份有限公司（以下简称"公司"）2024 年年度股东 大会（以下简称"本次会议"）于 2025 年 5 月 30 日（星期三）召开。北京德恒 律师事务所（以下简称"德恒"）受公司委托，指派吴莲花律师、廖齐越律师（以 下简称"德恒律师"），根据《中华人民共和国证券法》（以下简称"《证券法》"）、 《中华人民共和国公司法》（以下简称"《公司法》"）、中国证券监督管理委 员会《上市公司股东会规则》（以下简称"《股东会规则》"）、《北汽蓝谷新 能源科技股份有限公司章程》（以下简称"《公司章程》"）的规定，就本次会 ...

证券代码：600733 证券简称：北汽蓝谷 公告编号：临 2025-046 北汽蓝谷新能源科技股份有限公司 2024年年度股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东大会召开的时间：2025 年 5 月 30 日 (二) 股东大会召开的地点：北京市北京经济技术开发区东环中路 5 号 12 幢七层会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 2,058 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 2,622,277,864 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份总数的比例（%） | 47.0490 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，根据《公司章程》规定，董事长张国富先生授权职工董事宋 军先生主持会议。本次会议以现场投票 ...

Core Viewpoint - The company is committed to enhancing its high-end electric vehicle brand, Xiangjie, in collaboration with Huawei, aiming to establish a strong presence in the luxury electric vehicle market [1][3]. Group 1: Brand Development and Strategy - Xiangjie is a high-end luxury brand co-developed with Huawei, with the first model, Xiangjie S9, set to launch in August 2024, targeting a price point around 300,000 yuan [1]. - The company has established a dedicated Xiangjie division to prioritize brand development and has adopted a "dual brand, dual model" strategy focusing on both Xiangjie and Jihu [3]. - Leadership from both BAIC Group and BAIC Blue Valley is actively involved in promoting the Xiangjie brand through various marketing events and product launches [3]. Group 2: Resource and R&D Investment - Significant resources have been allocated to ensure high manufacturing standards, with partnerships with Magna and Mercedes-Benz to enhance product quality and delivery capabilities [3]. - The company is prioritizing R&D for the Xiangjie brand, with over 1,200 engineers dedicated monthly to support development efforts in collaboration with Huawei [3][5]. Group 3: Sales and Market Expansion - The company plans to establish numerous Xiangjie user centers in first to third-tier cities by the end of the year to enhance market penetration [4]. - The sales strategy includes increasing the sales ratio of Xiangjie vehicles from 1:10 to approximately 1:3 compared to Jihu, alongside efforts to boost international sales [6]. Group 4: Financial Performance and Future Plans - In 2024, the company expects to achieve a revenue of 14.512 billion yuan, reflecting a year-on-year growth of 1.35%, while Q1 2024 revenue reached 3.773 billion yuan, up 150.75% [5][9]. - The company has outlined a three-year plan (2025-2027) focusing on sales volume, product mix optimization, cost reduction, and overall profitability improvement [5][6]. - Initial results from these strategies show a 151% increase in revenue in Q1, with an average selling price increase of 9,000 yuan and a 4.1 percentage point improvement in gross margin [9].

北汽蓝谷（600733）2024年业绩说明会释放关键信号：转型成效显著，三年跃升战略全面启航 5月29日，北汽蓝谷召开2024年年度业绩说明会，北汽蓝谷党委书记、董事长张国富与北汽蓝谷总经理 刘观桥围绕公司2024年经营成果、战略转型及未来三年规划展开详细阐述，并就投资者关心的品牌升 级、市场拓展、盈利能力等问题进行回应。 此次会议传递出北汽蓝谷在新能源汽车赛道上的转型决心与战略定力。张国富表示，2024年，对北汽蓝 谷来说，是深蹲起跳的一年，也是北汽蓝谷转型升级、迈向高质量发展的关键之年。 据悉，从2025年到2027年，北汽蓝谷将紧密围绕"三年跃升计划"，构建北汽蓝谷规模化的市场基盘。其 中，极狐品牌要在2027年挑战50万辆销量目标，享界也要大幅上量，站稳豪华新能源车第一梯队。 不仅如此，北汽蓝谷还将全力进军国际市场，布局中东、拉美、中亚、亚太、非洲5大核心市场。 从销量爬坡到生态重构 2024年被张国富定义为"深蹲起跳"之年，北汽蓝谷在团队建设、品牌战略、市场打法及合作伙伴关系等 方面实现关键转变。 据悉，北汽蓝谷从2023年至2024年初完成了核心管理层的调整，形成以70后、80后为主体的领导团队， ...

Core Viewpoint - The automotive sector is experiencing fluctuations, with the China Securities Index Automotive Index showing a recent increase, but a decline over the year-to-date period [1][2]. Group 1: Index Performance - The China Securities Index Automotive Index rose by 1.32% to 11,712.13 points, with a trading volume of 33.351 billion yuan [1]. - Over the past month, the index increased by 2.09%, but it has decreased by 0.45% over the last three months and by 1.34% year-to-date [2]. Group 2: Index Composition - The top ten weighted companies in the index are BYD (18.62%), Seres (14.63%), SAIC Motor (10.69%), JAC Motors (9.78%), Changan Automobile (8.85%), Yutong Bus (5.4%), Great Wall Motors (4.66%), BAIC Blue Valley (3.99%), GAC Group (2.83%), and Foton Motor (2.18%) [2]. - The index is composed of 73.70% consumer discretionary and 26.30% industrial sectors [3]. Group 3: Market Segmentation - The Shanghai Stock Exchange accounts for 62.04% of the index holdings, while the Shenzhen Stock Exchange represents 37.96% [2]. Group 4: Fund Tracking - Public funds tracking the automotive index include GF China Securities Index Automotive A, GF China Securities Index Automotive C, and GF China Securities Index Automotive ETF [4].

Core Viewpoint - Beiqi Blue Valley has established a dual-brand strategy with "Extreme Fox" targeting the mid-to-high-end market and "Enjoy" as a high-end luxury brand developed in collaboration with Huawei, aiming for significant growth in the new energy vehicle sector by 2027 [1][2]. Group 1: Brand Strategy - The "Extreme Fox" brand is positioned in the 100,000 to 300,000 yuan range and is expected to be the main driver for scale effects [1]. - The "Enjoy" brand is a collaboration with Huawei, focusing on high-end technology and luxury, and is central to Beiqi Group's strategy in the high-end new energy vehicle market [1][2]. - Beiqi Blue Valley has committed to an "all in Enjoy" approach, emphasizing organizational structure, resource allocation, R&D investment, channel development, and brand co-construction [2]. Group 2: Sales and Growth Targets - In 2024, Beiqi Blue Valley achieved sales of 113,860 units, a year-on-year increase of 23.53%, with the Extreme Fox brand alone selling 81,017 units, up 169.91% [4]. - The company aims to sell 500,000 units of the Extreme Fox brand by 2027 and establish the Enjoy brand among the top luxury new energy vehicles [1][4]. - In 2025, the company plans to add over 80 new stores, achieving 100% coverage in tier-three cities and over 85% in tier-one to tier-five cities [4]. Group 3: Product Development - Multiple new models under both the Enjoy and Extreme Fox brands are set to launch in 2025, including pure electric and range-extended vehicles, with a target monthly sales volume of 20,000 units for the fourth quarter [5]. - The company is focusing on enhancing its product offerings through collaboration with Huawei in areas such as smart driving and vehicle technology [4][5]. Group 4: Profitability Improvement - Beiqi Blue Valley is prioritizing profitability, with a strict roadmap for improvement, emphasizing scale as a key factor for cost reduction and efficiency [6]. - The company aims to optimize its product mix to increase the proportion of high-margin products, targeting a sales ratio of 1:3 between Enjoy and Extreme Fox brands in 2025 [6]. - Efforts to reduce costs will include material savings, management, and marketing expenses, while also increasing the self-manufacturing ratio of certain components [6][7]. Group 5: Financial Performance - In the first quarter of the current year, Beiqi Blue Valley reported a revenue increase of 151% year-on-year, with an average selling price per vehicle rising by 8,000 yuan [7]. - The gross margin improved by 4.1 percentage points compared to 2024, and the company is working towards achieving positive gross profit, operating cash flow, and net profit [7].

Core Viewpoint - Beijing Automotive Blue Valley is experiencing significant sales growth in its subsidiary, Beijing New Energy Automobile Co., Ltd., but is simultaneously facing severe financial losses and operational challenges [1][5]. Sales Performance - In April 2025, the sales volume reached 10,327 units, with a cumulative sales figure of 38,041 units for the first four months, reflecting a year-on-year increase of 192.53% [1][3]. - The production volume for April 2025 was 13,484 units, with a cumulative production of 40,830 units, marking a year-on-year increase of 484.71% [3]. Financial Performance - Since 2020, the company has accumulated losses exceeding 30 billion yuan, with a net loss of 1.358 billion yuan in the first quarter of 2025 and a parent net loss of 953 million yuan [4]. - The net cash flow from operating activities in 2024 was -1.572 billion yuan, a decrease of 238.05% year-on-year, indicating a tightening cash flow situation [4]. Cost Structure - High costs are a significant factor affecting profitability, with R&D expenses increasing by 48.50% to 1.760 billion yuan in 2024 and by 53.06% in the first quarter of 2025 [4]. - Management expenses rose by 6.86% to 1.352 billion yuan in 2024, with a 42.60% increase in the first quarter of 2025 [4]. Operational Challenges - The company's marketing effectiveness is subpar, with sales expenses reaching 1.821 billion yuan in 2024, but the impact of market promotion efforts has been disappointing [4]. - Frequent changes in senior management have contributed to a lack of consistency in brand strategy [4]. Industry Context - The company is navigating a critical phase in the electric vehicle industry, balancing sales growth against substantial losses, raising questions about its ability to achieve profitability in the future [5].

Core Insights - In April 2025, 21 A and H-share listed automotive manufacturers reported a total vehicle sales of 1.8261 million units, representing a year-on-year increase of 11.01% [2][6] - Among these, BYD, SAIC Motor, and Geely Auto ranked as the top three in sales, while XPeng Motors and BAIC Blue Valley experienced sales growth exceeding 200% [6][10] Vehicle Sales Overview - Total vehicle sales for April 2025 reached 1.8261 million units, with a month-on-month decline of 9.08% [2][6] - BYD and SAIC Motor each sold over 370,000 units, while Geely Auto sold 234,112 units, marking a significant increase of 52.75% year-on-year [7][9] New Energy Vehicle (NEV) Sales - A total of 16 companies reported NEV sales of approximately 948,200 units in April 2025, reflecting a year-on-year increase of 45.2% and a month-on-month increase of 1.05% [10][14] - The NEV penetration rate reached approximately 53.64%, the highest since the beginning of the year [10] Company-Specific Performance - BYD's April sales included 380,089 total vehicles, with pure electric and plug-in hybrid sales of 195,700 and 176,900 units, respectively [8][18] - SAIC Motor reported total sales of 376,517 units, with a year-on-year growth of 4.59% [9] - Geely Auto's NEV sales reached 125,563 units, a year-on-year increase of 144.15% [18] - XPeng Motors achieved a remarkable year-on-year growth of 273%, selling 35,045 units in April [9][16] - BAIC Blue Valley's NEV sales surged by 258.33%, reaching 10,327 units [14][16]