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 ...

Core Points - The passenger car sector experienced a rise of 1.57% on November 28, with GAC Group leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Passenger Car Sector Summary - GAC Group's stock closed at 9.25, with a significant increase of 9.99%, and a trading volume of 2.29 million shares, amounting to a transaction value of 2.063 billion yuan [1] - Other notable performers included: - BAW Blue Valley, which rose by 3.57% to close at 7.84, with a transaction value of 1.106 billion yuan [1] - Changan Automobile, which increased by 2.40% to close at 11.94, with a transaction value of 740 million yuan [1] - BYD, which saw a modest increase of 0.93% to close at 95.17, with a transaction value of 2.081 billion yuan [1] Fund Flow Analysis - The passenger car sector saw a net inflow of 1.125 billion yuan from main funds, while retail investors experienced a net outflow of 643 million yuan [1] - The overall fund flow indicates a mixed sentiment, with institutional investors showing confidence while retail investors withdrew [1]

Market Overview and Sector Characteristics - The Shanghai Composite Index rose by 0.34%, and the Shenzhen Component Index increased by 0.85%, with the median change in A-shares being an increase of 0.93% [2] - A total of 70 stocks hit the daily limit up, an increase of 17 from the previous day, while 3 stocks hit the limit down, a decrease of 5 [2] Industry Characteristics - The sectors with the most limit-up stocks today were communication equipment, optical optoelectronics, and engineering construction [3] - The communication equipment sector had 5 limit-up stocks, benefiting from the 5G construction and explosive data demand [4] - The optical optoelectronics sector had 4 limit-up stocks, driven by the rising demand for AI and smart devices [4] - The engineering construction sector also had 4 limit-up stocks, supported by stable growth policies and accelerated major project commencements [4] Concept Characteristics - The most represented concepts among limit-up stocks were aerospace, consumer goods, and lithium batteries [5] - The aerospace concept had 11 limit-up stocks, driven by policy support and technological breakthroughs [5] - The consumer goods concept had 7 limit-up stocks, boosted by policy stimulation and recovering demand [5] - The lithium battery concept had 6 limit-up stocks, supported by the growth in new energy demand and policy backing for the lithium battery industry chain [5] Limit-Up Stock List - Four stocks reached historical highs, including 乾照光电 (19.07 CNY), 金富科技 (20.52 CNY), 东田微 (122.22 CNY), and 航天坏宇 (38.04 CNY) [6] - Thirteen stocks reached near one-year highs, indicating significant breakout trends [7] Main Capital Inflow - The top five stocks by net capital inflow among limit-up stocks were 航天发展 (9.33 million CNY), 乾照光电 (5.23 million CNY), 广汽集团 (5.11 million CNY), 襄阳轴承 (4.45 million CNY), and 东田微 (3.51 million CNY) [8] - The stocks with the highest net capital inflow as a percentage of market value included 襄阳轴承 (6.55%), 四川金顶 (4.97%), 东田微 (4.91%), 银河电子 (4.42%), and 航天发展 (4.35%) [9] Limit-Up Stock Trends - There were 61 stocks that hit the first limit-up, 5 stocks that achieved a second consecutive limit-up, and 4 stocks that reached three or more consecutive limit-ups [10] - The top five stocks by consecutive limit-ups included 金富科技 (5), 茂业商业 (4), 海王生物 (3), 海欣食品 (3), and 通宇通讯 (2) [11] Capital Inflow by Limit-Up Stocks - The top five stocks by limit-up capital included 杰瑞股份, 航天发展, 通宇通讯, 雷科防务, and 顺灏股份 [12]

广汽集团公告称，公司董事会同意聘任刘祥能为公司董事会秘书（联席公司秘书），任期与本届董事会 一致。 ...

新浪科技讯 11月28日下午消息，由广汽集团、宁德时代、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。据了解，目前北京、广州等全国百余城市已进入交付阶段。 随着首批车辆陆续抵达用户手中，埃安UT super将进入真正的"用户验证期"。首批用户的真实反馈，将 成为影响其后续市场表现的重要因素。据悉，埃安工厂也正持续跟进后续订单的排产，力求让更多预订 用户尽早提车。 责任编辑：何俊熹 ...

Core Viewpoint - GAC Group has donated 6 million HKD for emergency medical assistance, temporary shelter, and post-disaster reconstruction efforts for affected residents [1] Group 1 - GAC Group's support vehicles are fully prepared and ready for deployment during the disaster relief efforts [1] - The company will continue to monitor the disaster situation and expresses high respect for the firefighters and rescue personnel working tirelessly on the front lines [1]

Group 1: Strategy Research - The scale of insurance funds, wealth management, and pension funds in China exceeds 70 trillion, showing continuous growth with an asset allocation characterized by "fixed income as the base, equity gradually increasing" [2][4] - Insurance and social security funds heavily invest in A-shares, focusing on financial sectors while gradually increasing allocations in technology and growth areas [2][5] Group 2: Biopharmaceutical Research - The second batch of price negotiations under the US IRA has been announced, with the highest price reduction reaching 85%, effective from January 2027 [2][7] - The overall impact of the negotiations is limited as the negotiated products are close to patent cliffs [7][9] Group 3: Investment Characteristics - The asset scale of insurance funds, pension funds, and wealth management has surpassed 70 trillion, with insurance and wealth management each exceeding 30 trillion, accounting for over 80% of the total [5] - Fixed income remains the mainstay of asset allocation, with insurance funds favoring bonds and social security funds leaning towards equity investments [5][6] Group 4: A-Share Heavyweights - The core of A-share heavyweights is in the financial sector, but there is an increasing focus on growth attributes, particularly in technology and advanced manufacturing sectors [6][7] Group 5: Company Quarterly Reports - For Yaxiang Integration, the net profit attributable to shareholders increased by 40% in Q3 2025, with a gross margin improvement of 9 percentage points [16][17] - For Jin Yu Medical, operational efficiency has steadily improved, with significant cash flow enhancement despite a decline in revenue [24][25] Group 6: Industry Trends - The biopharmaceutical industry is facing challenges due to the impending patent cliffs, which may limit the impact of IRA negotiations on product sales [9][15] - The automotive industry, particularly GAC Group, is accelerating its electrification transformation and collaborating with Huawei to explore new growth avenues [28][29]

Group 1 - Hong Kong's Hang Seng Index fell by 0.24%, down 61 points, closing at 25,884 points, while the Hang Seng Tech Index rose by 0.11% [1] - Bubble Mart (09992) surged over 4%, leading the blue-chip stocks in the Hang Seng Index, supported by government encouragement for trendy toy consumption during the traditional sales peak [1] - GAC Group (02238) increased by over 12% as Aion UT Super commenced full delivery and solid-state battery production lines were established [1] - Zijin Mining International (02259) rose over 2% as production from its mines increased, entering a growth phase in the coming years [1] Group 2 - Dongyue Group (00189) rose by 4.62%, with institutions indicating that strong demand for lithium batteries is expected to persist, and PVDF prices are likely to increase [2] - MicroPort Medical (00853) increased by 5%, with Morgan Stanley purchasing over HKD 900 million in shares, while Bank of America remains optimistic about its surgical robotics business [3] - Bole Technology (02592) surged by 12.8% after its core product CBT-009 received patents in Japan and Europe [4] - Cambridge Technology (06166) rose over 4%, with expectations of significant shipments of 1.6T optical modules in Q1 2026 [5] - Hezhima Intelligent (02533) and Joyson Electronics (00699) both increased by over 4% as they collaborated to develop multi-chip platform robotic domain control products [5] - New stock Haiwei Co., Ltd. (09609) debuted with a 15% drop, being the second-largest capacitor film manufacturer in China [5]

Core Points - A major fire occurred in Hong Kong's Tai Po district, resulting in 94 fatalities, including one firefighter, and 76 injuries, with 11 being firefighters [1] - The Hong Kong government established a relief fund with an initial allocation of 300 million HKD to assist affected residents [1] - Over 40 companies have contributed more than 600 million HKD in donations and supplies for disaster relief efforts [1] Company Contributions - Alibaba Group announced an initial donation of 20 million HKD for disaster relief and additional support for affected residents [2] - Tencent Charity Foundation pledged a total of 30 million HKD, including an additional 20 million HKD to the government relief fund [2] - ByteDance (Hong Kong) committed 10 million HKD for emergency relief and community recovery efforts [2] - Baidu, NetEase, and Xiaomi each donated 10 million HKD for urgent assistance and post-disaster recovery [3] - Kuaishou, Meituan, and Xiaohongshu each contributed 5 million HKD for emergency relief and support for affected residents [4] Additional Corporate Donations - Anta Group donated a total of 30 million HKD, including cash and supplies, for emergency assistance [6] - Bosideng Group and Li Ning Group each donated 30 million HKD and 20 million HKD respectively for disaster relief efforts [7][8] - Various companies from different sectors, including automotive and pharmaceuticals, have also made significant contributions, with notable donations from Chery Automobile, BYD, and GAC Group [13][14] Summary of Donations - The total contributions from various companies and organizations have reached nearly 2 billion HKD, showcasing a strong community response to the disaster [5] - Companies like JD.com, Didi, and Meituan have initiated emergency response mechanisms to provide immediate support and supplies to affected areas [18][19]

Group 1 - Hong Kong's Hang Seng Index fell by 0.24%, down 61 points, closing at 25,884 points, while the Hang Seng Tech Index rose by 0.11% [1] - Pop Mart (09992) surged over 4%, leading the blue-chip stocks in the Hang Seng Index, supported by government encouragement for trendy toy consumption as the traditional sales season approaches [2] - GAC Group (02238) increased by over 12% following the full delivery of its Aion UT super model and the establishment of a solid-state battery production line [3] Group 2 - Zijin Mining International (02259) rose over 2% as its mining output increased, entering a growth phase in the coming years [4] - Dongyue Group (00189) saw a 4.62% increase, with institutions indicating strong demand for lithium batteries and potential price hikes for PVDF [5] - MicroPort Medical (00853) gained 5% as JPMorgan increased its stake by over HKD 900 million, with Bank of America expressing optimism about its surgical robot business [6] Group 3 - Bole Technology (02592) surged by 12.8% after its core product CBT-009 received patents in Japan and Europe [7] - Cambridge Technology (06166) rose over 4%, with expectations of significant shipments of its 1.6T optical modules in Q1 2026 [8] - Hezhima Intelligent (02533) and Joyson Electronics (00699) both increased by over 4% as they collaborate on a multi-chip platform for robotic domain control products [9] Group 4 - New stock Haiwei Co., Ltd. (09609) debuted with a 15% drop, being the second-largest capacitor film manufacturer in China [10] Group 5 - Food and Beverage ETF (Product Code: 515170) experienced a decline of 1.37% over the past five days, with a PE ratio of 20.73 times and a net redemption of HKD 1.719 million [12] - Gaming ETF (Product Code: 159869) rose by 4.31% over the past five days, with a PE ratio of 36.47 times and a net redemption of HKD 74.789 million [12] - Sci-Tech 50 ETF (Product Code: 588000) fell by 1.21% over the past five days, with a high PE ratio of 147.81 times and a net redemption of HKD 1.54 billion [12]