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: 一、 说明会类型 北汽蓝谷新能源科技股份有限公司（以下简称"公司"）于 2025 年 4 月 29 日披露了 《2024 年年度报告》和《2025 年第一季度报告》。为方便广大投资者更加全面深入地了解 公司情况，公司拟定于 2025 年 5 月 29 日（星期四）通过上海证券报·中国证券网，以视 频直播方式召开网上业绩说明会，针对公司 2024 年度及 2025 年第一季度的经营情况与投 资者进行交流和沟通。 二、 说明会召开的时间、地点 证券代码：600733 证券简称：北汽蓝谷 公告编号：临 2025-045 北汽蓝谷新能源科技股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩说明会的公告 邮箱：600733@bjev.com.cn 六、 其他事项 本 次 业 绩 说 明 会 召 开 后 ， 投 资 者 可 以 通 过 上 海 证 券 报 • 中 国 证 券 网 （https://roadshow.cnstock.com）查看本次说明会的召开情 ...

Core Insights - The automotive industry in Q1 2025 shows a mixed performance among companies, with some achieving significant growth while others face declines in revenue and profit [1][3][9] - The differentiation in the performance of electric vehicle (EV) manufacturers is becoming more pronounced, with leading companies benefiting from technological upgrades and global expansion, while those lagging in transformation experience sales declines [1][3] Revenue and Profit Performance - BYD reported a revenue of 170.36 billion yuan, a year-on-year increase of 36.35%, and a net profit of 9.155 billion yuan, up 100.38% [2][3] - Geely Automotive achieved a revenue of 72.5 billion yuan, a 25% increase, and a net profit of 5.67 billion yuan, up 264% [2][3][4] - SAIC Group's revenue was 140.86 billion yuan, down 1.55%, but net profit increased by 11.4% to 3.023 billion yuan [6][7] - Changan Automobile's revenue decreased by 7.73% to 34.161 billion yuan, while net profit rose by 16.81% to 1.351 billion yuan [5] - Seres experienced a revenue drop of 27.91% to 19.147 billion yuan, but net profit surged by 240.6% to 748 million yuan [5] - GAC Group's revenue fell by 7.82% to 19.879 billion yuan, with a net profit decrease of 159.95% to a loss of 732 million yuan [9] - Great Wall Motors reported a revenue decline of 6.63% to 40.019 billion yuan and a net profit drop of 45.6% to 1.751 billion yuan [9][10] Sales Performance - BYD's total sales exceeded 1 million units, marking a 59.8% year-on-year increase, making it the first EV manufacturer to achieve this milestone in a single quarter [3] - Geely's total sales reached 704,000 units, a 48% increase, with significant contributions from its Galaxy and Lynk & Co brands [4] - SAIC Group's total sales were 945,000 units, a 13.3% increase, with a notable performance in the EV segment [6][7] - Changan's total sales were 705,200 units, with 194,200 units being EVs [5] - Seres' total sales dropped by 46.31% to 45,135 units [5] - GAC Group's total sales decreased by 9.42% to 371,100 units, with a decline in EV sales [9] - Great Wall Motors' total sales fell by 6.73% to 256,800 units, indicating challenges in its transition to EVs [9][10] Market Trends and Challenges - The automotive market is characterized by a complex competitive landscape, with companies needing to enhance their core competencies to maintain market positions [10] - The performance of companies reflects their strategies in technology innovation, market positioning, and product development [10] - The growth in EV sales is accompanied by significant upfront investments and long return cycles, impacting short-term profitability for many manufacturers [8]

Investment Rating - The report maintains a "Buy" rating for the automotive industry, indicating a positive outlook for investment opportunities [2]. Core Insights - The automotive industry is experiencing a recovery in profitability, driven by the "old-for-new" policy, which has stimulated steady growth in passenger car sales in China [4][20]. - In 2024, the wholesale sales of passenger cars in China reached 27.41 million units, a year-on-year increase of 6.15%, while the sales of new energy passenger cars grew by 31.99% to 12.23 million units [4][22]. - The penetration rate of new energy vehicles increased to 44.6% in 2024, up 10.2 percentage points from 2023, indicating a strong trend towards electrification [22]. - The report highlights a significant divergence in performance within the passenger car sector, with leading companies like BYD showing robust growth, while others like SAIC and GAC faced declines [31][39]. Summary by Sections 1. Automotive Industry Performance in 2024 - The automotive industry in China is benefiting from government policies that encourage consumers to replace old vehicles with new ones, leading to increased sales [20]. - The total wholesale sales of passenger cars in 2024 were 27.41 million units, with a growth rate of 6.15% year-on-year [4][20]. 2. Passenger Car Sector: Performance Disparity - The passenger car sector achieved revenues of CNY 2,063.48 billion in 2024, a 9.79% increase, while net profit reached CNY 59.83 billion, up 1.37% [5][31]. - The first quarter of 2025 saw revenues of CNY 434.86 billion, a 7.39% increase, and net profit of CNY 14.09 billion, a 16.35% increase [5][31]. 3. Automotive Parts Sector: Revenue and Profit Growth - The automotive parts sector reported revenues of CNY 966.12 billion in 2024, a 6.14% increase, and net profit of CNY 47.41 billion, a 10.29% increase [6][53]. - In the first quarter of 2025, revenues reached CNY 234.43 billion, a 7.40% increase, with net profit at CNY 14.32 billion, a 13.56% increase [6][53]. 4. Investment Strategy - The automotive indices have shown significant growth, with the passenger car index rising by 7.29% and the automotive parts index by 14.82% year-to-date [7][75]. - The report emphasizes the importance of focusing on intelligent vehicle development, with companies like Huawei leading in technology integration [79]. 5. Key Companies and Recommendations - The report recommends several companies based on their performance and market position, including Zhongyuan Neipei, Xinz坐标, Kehua Holdings, and others, all rated as "Buy" [10].

Core Viewpoints - The automotive sector is expected to continue its upward trend, driven by three main themes: AI robotics, AI intelligence, and favorable market conditions [4][8] - The market showed strong performance in the automotive sector, with passenger vehicles and components leading the gains, influenced by better-than-expected adjustments in US-China tariffs and previous significant corrections in the automotive market [4][8] Weekly Review Summary - In the second week of May, the number of compulsory insurance policies reached 443,000 vehicles, reflecting a week-on-week increase of 6.5% and a month-on-month increase of 29.8% [2][7] - The SW automotive index rose by 2.4%, with the best-performing segments being SW passenger vehicles (+4.4%) and SW automotive components (+2.2%), while commercial vehicles and motorcycles showed declines [2][7] Key Industry Changes - Weipai New Energy launched the 2025 model of the Gaoshan vehicle, equipped with the Coffee Pilot Ultra intelligent driving assistance system [3][7] - BYD was added to the Hang Seng Technology Index [3][7] - Geely Automobile reported Q1 2025 revenue of 72.5 billion yuan, a year-on-year increase of 24.5%, and a net profit of 5.67 billion yuan, up 263.4% year-on-year [3][7] - The acquisition of 100% equity in Wuhu Changpeng was completed, and the company was renamed Wuhu Top [3][7] - Baolong Technology's second phase of the 4.8MW distributed photovoltaic project in Ningguo was completed and accepted [3][7] Sector Configuration Recommendations - The company maintains a positive outlook for 2025, focusing on three main themes: AI robotics, AI intelligence, and favorable market conditions, with the robotics theme expected to have the highest elasticity in May [5][8] - Recommended stocks for the AI robotics theme include Top Group, Junsheng Electronics, and Precision Forging Technology [5][8] - For the AI intelligence theme, preferred stocks include Xpeng Motors, Li Auto, and Xiaomi in Hong Kong, and Seres, SAIC Motor, and BYD in A-shares [5][8] - The favorable market conditions theme includes recommendations for bus manufacturers like Yutong Bus and heavy-duty trucks like China National Heavy Duty Truck and Weichai Power [5][8] Market Performance Tracking - The automotive sector ranked third in A-shares and first in Hong Kong this week, with strong performances in passenger vehicles and components [12][21] - The automotive sector's performance in the SW index showed significant gains, with passenger vehicles leading the way [15][21] Sales Data Overview - In April, the total number of passenger vehicles insured was 443,000, with a year-on-year increase of 29.8% [44] - New energy vehicles accounted for 222,000 units, with a penetration rate of 50.2% [44]

Core Viewpoint - The launch of the "Xiangjie S9" by BAIC New Energy in collaboration with Huawei marks a significant milestone in the luxury electric vehicle market, with strong initial demand indicated by 2,500 pre-orders within 24 hours of its release [1][5]. Group 1: Product Launch and Market Impact - The Xiangjie S9 Max is priced at 399,800 yuan, while the Xiangjie S9 Ultra is priced at 449,800 yuan [1]. - The vehicle is positioned as the first luxury flagship sedan from Beijing Automotive, filling a gap in the market [5]. - The launch is seen as a test of Huawei's "Intelligent Selection" model, especially in light of the success of the AITO M7 and M9 models [5][10]. Group 2: Strategic Collaboration - The partnership between BAIC and Huawei leverages the full spectrum of BAIC's resources in vehicle development, production, and service, emphasizing a strategic commitment to the Xiangjie S9 [3][12]. - The collaboration has a long history, dating back to 2017, focusing on high-level intelligent driving technology [13][17]. Group 3: Market Potential and Competitive Landscape - The penetration rate of domestic brands in the luxury sedan market is only 8.3%, indicating significant growth potential for the Xiangjie S9 [6][7]. - The luxury sedan market is dominated by established brands, with Audi holding over 60% market share in the 400,000 to 500,000 yuan segment [6]. Group 4: Technological Advancements - The Xiangjie S9 features advanced technologies such as the HarmonyOS 4 smart system, high-end suspension systems, and the HUAWEI DriveONE 800V platform, aimed at enhancing user experience [9][10]. - The vehicle incorporates innovative design elements like the "OneBox" design and zero-gravity rear seats, showcasing a focus on comfort and aesthetics [7][9]. Group 5: Financial Projections and Performance - Analysts predict that the sales of the Xiangjie S9 will significantly boost BAIC New Energy's overall performance, with revenue projections for BAIC Blue Valley reaching 15.1 billion yuan in 2023, 30.7 billion yuan in 2024, and 60.3 billion yuan in 2025 [10][12]. - The successful launch and sales of the Xiangjie S9 are expected to contribute to a recovery in BAIC New Energy's overall business performance [10].

Investment Rating - The industry investment rating is maintained as "Positive" [2] Core Insights - The report emphasizes two main investment lines: leading companies in niche segments and those well-positioned in the robotics sector [2] - The automotive industry is experiencing a shift towards new energy vehicles (NEVs), with significant growth in sales and technological advancements [8][10] - The report highlights the importance of strategic partnerships and technological innovation in enhancing market competitiveness [22][24] Summary by Relevant Sections Overview of the Automotive Industry - In Q1 2025, the Chinese automotive market is characterized by a dominance of new energy vehicles, with NEV sales reaching 3.07 million units [8] - The penetration rate of new energy vehicles is projected to reach 53% in H1 2024 [10] Leading Companies in Niche Segments - **BAIC Blue Valley**: Achieved 130.6 billion yuan in NEV revenue in 2024, with a 26.4% year-on-year growth [13] - **Jianghuai Automobile**: NEV sales increased by 25.08% in 2024, with a total of 51,809 units sold [16] - **Changan Automobile**: Sold 735,000 NEVs in 2024, marking a 52.8% increase [18] - **Geely Automobile**: NEV sales reached 888,000 units in 2024, a 92% increase, with NEV revenue accounting for 41% of total revenue [20] - **BYD**: NEV sales grew over 40% in 2024, maintaining its position as the top seller in China and globally [22] Key Component Manufacturers - **Top Group**: Reported a revenue of 26.6 billion yuan in 2024, with a 35% year-on-year increase [24] - **Fuyao Glass**: Achieved 39.25 billion yuan in revenue in 2024, a growth of 18.4% [26] - **Haoneng Co.**: Revenue reached 2.36 billion yuan in 2024, with a 21.3% increase [28] - **Longsheng Technology**: Revenue of 2.4 billion yuan in 2024, a 31.2% increase [30] - **Zhejiang Rongtai**: Reported a revenue of 1.135 billion yuan in 2024, with a 42% increase [32] Robotics Sector Developments - **Songyan Power**: Launched the humanoid robot N2, which won second place in a marathon event [6] - **Beijing Humanoid Robot Innovation Center**: Developed the "Tiangong Ultra" robot, which won a marathon [6] - **Kepler**: Introduced the K2 "Bumblebee" robot, showcasing its industrial application capabilities [6] - **Yushu**: Collaborated with Great Wall Motors to enhance robot technology and smart manufacturing [6]

北汽蓝谷新能源科技股份有限公司 前次募集资金使用情况 鉴证报告 致同会计师事务所 (特殊普通合伙) | | | | 前次募集资金使用情况鉴证报告 | | | --- | --- | | 公司前次募集资金使用情况报告 | 1-7 | | 前次募集资金使用情况对照表 | 8-9 | | 前次募集资金投资项目实现效益情况对照表 | 10 | 致同专字(2025)第 110A012820 号 北汽蓝谷新能源科技股份有限公司全体股东: 我们审核了后附的北汽蓝谷新能源科技股份有限公司(以下简称北汽蓝谷 公司）截至 2025年 4月 30日的前次募集资金使用情况报告、前次募集资金使用 情况对照表和前次募集资金投资项目实现效益情况对照表。按照中国证监会 《监管 规则 适用指引 -- 发 行类 第 7 号》的规定编制上述 前次 募 集 资 金使 用 情 况报告及对照表是北汽蓝谷公司董事会的责任,我们的责任是在实施紧证程序 的 基础 上对 北 汽 蓝 谷公司 董事 令编制的 上述 前 次 募 集 资 金使 用 情 况 报 告 及 对 照 表提出鉴证结论。 我们按照《中国注册会计师其他鉴证业务准则第 3101 号 -- 历史财务信 ...

北汽蓝谷新能源科技股份有限公司 前次募集资金使用情况报告 一、前次募集资金的数额、资金到账时间及资金在专项账户的存放情况 （一）前次募集资金的数额、资金到账时间 1．2021 年非公开发行股票募集资金的数额、资金到账时间 经中国证券监督管理委员会《关于核准北汽蓝谷新能源科技股份有限公司 非公开发行股票的批复》（证监许可[2021]312 号文）核准，本公司向 16 名特定 对象非公开发行人民币普通股（A 股）79,365.08 万股，每股发行价格为人民币 6.93 元，募集资金总额为人民币 549,999.99 万元，扣除保荐及承销费 4,708.14 万元（不含税）及其他与发行有关的费用人民币 311.86 万元（不含税）后，实 际募集资金净额为人民币 544,980.00 万元，本公司对前述募集资金采取专户存 储制度。 截至 2021 年 4 月 26 日止，募集资金 545,291.86 万元（尚未扣除承销费 等费用）已全部存入本公司在北京农村商业银行股份有限公司顺义支行开设的人 民币账户 0801000103000053510 账号内。上述资金到位情况已经致同会计师事 务所（特殊普通合伙）出具了致同验 ...

| 会议议程 | | 3 | | --- | --- | --- | | 议案 | 1：关于 | 2024 年年度报告及摘要的议案 4 | | 议案 | 2：关于 | 2024 年度财务决算方案的议案 5 | | 议案 | | 3：关于公司未弥补亏损达到实收股本总额三分之一的议案 7 | | 议案 | 4：关于 | 2024 年度利润分配预案的议案 10 | | 议案 | 5：关于 | 2024 年度内部控制评价报告的议案 11 | | 议案 | 6：关于 | 2024 年度董事会工作报告的议案 12 | | 议案 | 7：关于 | 2024 年度独立董事述职报告的议案 18 | | 议案 | 8：关于 | 2024 年度监事会工作报告的议案 19 | | 议案 | | 9：关于公司符合向特定对象发行股票条件的议案 23 | | 议案 | | 10：关于公司向特定对象发行股票方案的议案 24 | | 议案 | | 11：关于公司向特定对象发行股票预案的议案 28 | | 议案 | | 12：关于公司向特定对象发行股票方案论证分析报告的议案 29 | | 议案 | | 13：关于公司向特定对象发行股票募集资金使 ...

证券代码：600733 证券简称：北汽蓝谷 公告编号：临 2025-044 北汽蓝谷新能源科技股份有限公司 关于召开2024年年度股东大会的通知 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： 一、 召开会议的基本情况 (一)股东大会类型和届次 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 2024年年度股东大会 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的方式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 5 月 30 日 14 点 00 分 召开地点：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 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 5 月 30 日 至2025 年 5 月 30 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东大会召开当 日的交易时间段，即 9:15-9:25，9 ...