Core Viewpoint - The "National Good Car" Aion UT Super, jointly launched by GAC Group, CATL, and JD Auto, has commenced mass delivery across over a hundred cities in China, including Beijing and Guangzhou [1] Group 1: Product Features - Aion UT Super integrates JD's advantages in user insights and vehicle sales and maintenance, along with GAC's manufacturing capabilities and CATL's battery technology and battery swapping ecosystem [1] - The vehicle is equipped with CATL's "chocolate battery," offering an impressive range of 500 kilometers and a rapid battery swap time of 99 seconds, addressing range anxiety for drivers [1] - With a wheelbase of 2750mm, the Aion UT Super provides spacious interiors typical of a class A vehicle, catering to family travel and daily commuting needs [1]

Group 1 - SMIC announced the termination of the sale of its stake in SMIC Ningbo due to failure to reach an agreement within the expected timeframe, retaining a 14.832% stake post-termination, with no significant impact on financial status [2] - Chaozhuo Aerospace's actual controller will change to Hubei State-owned Assets Supervision and Administration Commission, with stock resuming trading on December 1 [2] - ST Lifan faces potential forced delisting due to false disclosures in its 2021-2023 annual reports, with a total false revenue of 592 million yuan, representing 50.91% of the reported revenue for those years [3] Group 2 - Lijun Holdings' subsidiary signed a contract worth approximately 57.6 million USD for high-pressure roller mills, accounting for 52.53% of the audited consolidated revenue for 2024, expected to positively impact future performance [3] - Sanjiang Shopping's second-largest shareholder, Alibaba Zeta, reduced its stake by 5.4768 million shares, decreasing its holding from 30% to 29% [4] - Tianfeng Securities is under investigation by the CSRC for suspected information disclosure violations and illegal financing [5] Group 3 - China Jushi's major shareholder, Zhenstone Group, plans to increase its stake by no less than 550 million yuan and no more than 1.1 billion yuan [6] - Helun Zhe's major shareholder received a notice of investigation for suspected information disclosure violations, which does not affect the company's operations [7] - Yongtai Energy's actual controller also received a notice of investigation for similar violations, with no impact on the company's operations [8] Group 4 - Wuhantian Source's major shareholder, Konka Group, plans to transfer 9.83% of its shares to China Resources Asset Management [9] - Pinggao Electric won a bid for a State Grid project worth approximately 773 million yuan [9] - Zhejiang Longsheng is collaborating with a private equity fund to establish a venture capital partnership [9]

Core Insights - The "National Good Car" Aion UT Super, launched by GAC Group, CATL, and JD Auto, has commenced mass delivery across over 100 cities in China, including Beijing and Guangzhou [1][2] - Initial feedback from car owners highlights satisfaction with the vehicle's design, spaciousness, and overall value, with specific praise for its practicality for family use [1][2] Group 1 - Aion UT Super integrates JD's user insights and sales capabilities, GAC's manufacturing strength, and CATL's battery technology, offering an exceptional driving experience [1] - The vehicle features CATL's "chocolate battery," providing a range of over 500 kilometers and a rapid battery swap time of 99 seconds, addressing range anxiety for users [1] - With a wheelbase of 2750mm, the Aion UT Super offers spaciousness typical of a class A vehicle while catering to family and daily commuting needs [1] Group 2 - The smart experience is a significant highlight of the Aion UT Super, being the first model to feature Huawei's cloud vehicle system, which supports unlimited functions, computing power, storage, and updates [2] - Safety features include a unique "reversing sentinel" function and a 540-degree panoramic view, enhancing safety for novice drivers and family users [2] - As the first batch of vehicles reaches customers, the Aion UT Super will enter a user validation phase, where real-world performance in terms of range, smart features, and quality will be critically assessed [2]

新京报贝壳财经讯（记者程子姣）11月28日，由广汽集团（601238）、宁德时代（300750）、京东汽车 共同推出的"国民好车"埃安UT super已在全国启动批量交付工作。新京报贝壳财经记者从京东内部获 悉，目前北京、广州等全国百余城市已进入交付阶段，首批车辆交付已在北京、广州两地完成。 ...

沪指11月28日上涨0.34%，申万所属行业中，今日上涨的有29个，涨幅居前的行业为钢铁、农林牧渔， 涨幅分别为1.59%、1.59%。汽车行业今日上涨1.21%。跌幅居前的行业为银行、煤炭，跌幅分别为 0.83%、0.14%。 汽车行业资金流出榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 301005 | 超捷股份 | -3.80 | 18.40 | -10061.98 | | 000559 | 万向钱潮 | -1.34 | 4.00 | -7019.21 | | 601127 | 赛力斯 | 0.49 | 1.04 | -6692.55 | | 001233 | C海安 | -4.25 | 29.49 | -4077.46 | | 600933 | 爱柯迪 | -0.93 | 1.10 | -2804.48 | | 002048 | 宁波华翔 | -1.22 | 1.94 | -2736.47 | | 600218 | 全柴动力 | -2.33 | 7.77 | -2367.48 | | ...

Core Viewpoint - The Hong Kong stock market saw significant net inflows from northbound trading, totaling HKD 27.27 billion on November 28, with notable net purchases in stocks like Alibaba, Pop Mart, and Xiaomi [1][2]. Group 1: Northbound Trading Activity - Northbound trading through Stock Connect recorded a net purchase of HKD 27.27 billion, with HKD 9.33 billion from the Shanghai Stock Connect and HKD 17.94 billion from the Shenzhen Stock Connect [1]. - The most purchased stocks included Alibaba-W (09988) with a net inflow of HKD 10.94 billion, Pop Mart (09992) with HKD 5.49 billion, and Xiaomi Group-W (01810) with HKD 4.7 billion [4][5]. Group 2: Individual Stock Performance - Alibaba-W (09988) had a total trading volume of HKD 44.08 billion, with a net inflow of HKD 8 billion, driven by the launch of its new AI product, Quark AI Glasses S1 [2][4]. - Pop Mart (09992) benefited from government initiatives to promote consumer goods, resulting in a net inflow of HKD 2.08 billion [5]. - Xiaomi Group-W (01810) saw a net inflow of HKD 3.66 billion, supported by its recent share buyback program totaling over HKD 12 billion this month [5]. - Other notable stocks included Meituan-W (03690) and Tencent Holdings (00700), which received net inflows of HKD 4.7 billion and HKD 2.62 billion, respectively [6]. Group 3: Net Sell-offs - The stocks with the highest net sell-offs included Semiconductor Manufacturing International Corporation (00981) and Zijin Mining (02899), with net outflows of HKD 3 billion and HKD 2.81 billion, respectively [6]. - The semiconductor sector continues to face selling pressure, as evidenced by the net sell-off of Huahong Semiconductor (01347) amounting to HKD 1.23 billion [6].

Market Overview - The Hang Seng Index ended a four-day rally with a slight decline, closing down 0.34% at 25,858.89 points, while the Hang Seng Index for November recorded a cumulative drop of 0.18% [1] - The Hang Seng Tech Index saw a more significant decline of 5.23% for the month, although it rose slightly by 0.02% on the last trading day, closing at 5,599.11 points [1][3] - Market turnover continued to shrink, with a total trading volume of only 1,462 million HKD [1] Notable Stock Movements - GAC Group (HK02238), Yuejiang (HK02432), and Dongfang Electric (HK01072) were among the top gainers, with increases of 16.62%, 9.75%, and 6.89% respectively [4] - GAC Group's recent launch of the "National Good Car" Aion UT Super has led to a satisfactory order volume since its listing on November 9 [4] - Conversely, stocks such as Zhou Sifu (HK06168), Lion Holding (HK02562), and Canggang Railway (HK02169) experienced notable declines, with drops of 5.01%, 4.42%, and 4% respectively [6] Sector Performance - Solid-state batteries and semiconductor sectors led the market, with Tianqi Lithium (HK09696) and Ganfeng Lithium (HK01772) rising by 3.57% and 2.13% respectively [6] - Newly listed Haiwei Co. (HK09609) saw a significant drop of 22.97%, closing at 11 HKD, below its initial offering price of 14.28 HKD [6] Capital Flow - The net inflow of funds through the Hong Kong Stock Connect increased to 2.727 billion HKD, up from 1.3 billion HKD the previous day [7] Future Outlook - According to Guotai Junan International, uncertainty in the macro environment and regulations has led some funds to withdraw from previously rebounding tech stocks, shifting towards relatively undervalued sectors with clearer policy support, such as consumption and high-end manufacturing [9] - Zheshang Securities highlighted that future policies will focus on technological innovation and expanding domestic demand, with a continued net inflow of southbound funds amid rising expectations for US interest rate cuts [9] - The firm is optimistic about sectors benefiting from policy support, including new energy, innovative pharmaceuticals, and AI technology, as well as undervalued state-owned enterprises and local Hong Kong banks, telecommunications, and utility stocks [9]

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分內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 GUANGZHOU AUTOMOBILE GROUP CO., LTD. 廣州汽車集團股份有限公司 ( 於中華人民共和國註冊成立的股份有限公司 ) (股份編號: 2238) 海外監管公告 本公告乃廣州汽車集團股份有限公司（「本公司」）按香港聯合交易所有限公司證 券上市規則第 13.10B 條發出。 隨附之文件乃本公司於二零二五年十一月二十八日在中華人民共和國上海證券 交易所網頁登載之《廣州汽車集團股份有限公司第七屆董事會第 14 次會議決議 公告》，僅供參閱。 承董事會命 廣州汽車集團股份有限公司 馮興亞 董事長 中國廣州，二零二五年十一月二十八日 於本公告日期，本公司的執行董事為馮興亞，本公司的非執行董事為陳小沐、鄧蕾、 周開荃、王亦偉及洪素麗，以及本公司的獨立非執行董事為趙福全、肖勝方、王克 勤及宋鐵波。 A 股代码：601238 A 股简称：广汽集团 公告编号：2025-074 H 股代码：022 ...

Group 1 - GAC Group held its 14th meeting of the 7th Board of Directors on November 28, 2025, via telecommunication to discuss organizational adjustments [1] - For the first half of 2025, GAC Group's revenue composition was as follows: vehicle manufacturing accounted for 57.85%, trade services for 30.82%, other sectors for 6.39%, and parts manufacturing for 4.94% [1] - As of the report date, GAC Group's market capitalization was 94.3 billion yuan [1]

广州汽车集团股份有限公司 第七届董事会第 14 次会议决议公告 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。 广州汽车集团股份有限公司（简称"本公司"或"公司"）第七届董事会第 14 次会议于 2025 年 11 月 28 日(星期五)以通讯方式召开。本次会议应参与表决 董事 10 人，实际参与表决董事 10 人。本次会议的召集、召开符合《中华人民共 和国公司法》《广州汽车集团股份有限公司章程》《广州汽车集团股份有限公司 董事会议事规则》的相关规定，所做决议合法有效。经与会董事投票表决，审议 通过了如下事项： 一、审议通过了《关于聘任公司董事会秘书及人员任免的议案》。 公司董事会同意聘任刘祥能先生为公司董事会秘书（联席公司秘书），任期 与本届董事会一致。 刘祥能先生不存在《公司法》等法律法规及其他有关规定不得担任高级管理 人员的情形，未受过中国证监会及其他有关部门的处罚和证券交易所惩戒，具备 相关任职资格；与公司其他董事、高级管理人员、公司实际控制人及持股 5%以 上的股东不存在关联关系；截至本公告披露日，持有 26,940 ...