他表示，全省上下认真学习贯彻习近平总书记重要讲话重要指示和党的二十届四中全会精神，牢牢把握黑龙江在全国发展大局中的战略定位，加快"十五 五"时期振兴发展，着力培育新质生产力，推动科技创新和产业创新深度融合，大力发展汽车等传统优势产业，构建更具竞争力的现代化产业体系。长城 汽车是中国民族汽车工业的优秀代表，希望企业发挥自身优势，在技术研发、产业配套、寒地试车等领域深化合作，助力黑龙江汽车产业高质量发展，携 手为民族汽车工业发展作出更大贡献。我们将打造一流营商环境，持续优化创新生态，为企业在龙江发展创造良好条件。 魏建军感谢黑龙江对长城汽车发展的关心支持。 他说，黑龙江科教资源丰富，产业基础坚实，发展势头强劲。长城汽车将加大在黑龙江投资布局力度，精准对接资源、深挖合作潜力，促进汽车产业数智 化绿色化转型，助力黑龙江和东北全面振兴。 黑龙江日报2月7日消息，2月5日，黑龙江省委书记许勤在哈尔滨会见长城汽车（601633）创始人、董事长魏建军一行。 许勤代表黑龙江省委、省政府欢迎魏建军一行。 黑龙江省领导于洪涛、徐向国和省直有关部门负责同志参加。 ...

Core Viewpoint - The event "Ice and Snow Fun Week" organized by Great Wall Motors emphasizes the integration of automotive technology with cultural heritage, showcasing the brand's commitment to user engagement and regional culture [1][3]. Group 1: Event Highlights - The Ice and Snow Fun Week took place on the frozen Songhua River, featuring a display of Great Wall vehicles arranged to form the character "归元," symbolizing the connection between the brand and its users [3]. - Chairman Wei Jianjun interacted with car owners, discussing their experiences in snow rescue operations and highlighting the importance of professional safety measures [3]. - The event included a driving experience on ice, demonstrating the vehicles' stability and control in low-traction conditions, reinforcing the theme of safety [3]. Group 2: Cultural Engagement - Wei Jianjun visited the Ice and Snow World, engaging with intangible cultural heritage practitioners and emphasizing the shared values of craftsmanship in both vehicle manufacturing and traditional art forms [5]. - The discussions with artisans highlighted the patience and dedication required in both ice sculpture creation and automotive production, underscoring the brand's cultural responsibility [5]. Group 3: Technological Strength - Great Wall Motors' Hi4 technology system provides a reliable safety platform for users in extreme cold conditions, enhancing stability and performance during winter commutes [6][7]. - The company has established a "three-in-one" off-road grading system to define capability boundaries and risk levels, ensuring standardized safety measures for winter driving [6]. Group 4: Commitment to Safety and Community - The establishment of a rescue fund aims to support car owners in need during emergencies, reflecting the brand's commitment to social responsibility [10]. - Great Wall Motors plans to set up service stations across over 20 major transportation hubs, offering essential supplies to all drivers, thereby enhancing customer service during winter [10]. - The company's initiatives demonstrate a commitment to creating a safer and more reliable travel experience for users, reinforcing its reputation as a trusted partner [10].

但技术的落地，从来不是一蹴而就。一款新车从概念到量产，需要经历数百项严苛测试，跨越无数 个"从0到1"的验证关卡。 智能化与网联化浪潮席卷而来，成为驱动行业进化的核心引擎。从智能驾驶到智能座舱，从车联网到 OTA升级，每一项技术突破都在重新定义人与车的关系。 今天，汽车行业正经历一场前所未有的变革。 为此，长城汽车投资近百亿元，构建起全球领先的试验体系——从智能测试场到环境风洞，从电磁兼容 到声学消声，一座座硬核试验室，成为品质坚实的守护者。 ...

香港联交所最新资料显示，1月29日，贝莱德增持长城汽车（02333）180.8万股，每股作价13.498港元， 总金额约为2440.44万港元。增持后最新持股数目约为1.86亿股，最新持股比例为8.04%。 香港联交所最新资料显示，1月29日，贝莱德增持长城汽车（02333）180.8万股，每股作价13.498港元， 总金额约为2440.44万港元。增持后最新持股数目约为1.86亿股，最新持股比例为8.04%。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 责任编辑：卢昱君 责任编辑：卢昱君 ...

智通财经APP获悉，香港联交所最新资料显示，1月29日，贝莱德增持长城汽车(02333)180.8万股，每股 作价13.498港元，总金额约为2440.44万港元。增持后最新持股数目约为1.86亿股，最新持股比例为 8.04%。 ...

香港联交所最新资料显示，1月29日，贝莱德增持长城汽车（601633）(02333)180.8万股，每股作价 13.498港元，总金额约为2440.44万港元。增持后最新持股数目约为1.86亿股，最新持股比例为8.04%。 ...

Investment Rating - The report maintains a "Buy" rating for Great Wall Motors with a target price of HKD 22.5 [1] Core Insights - Great Wall Motors reported a revenue of RMB 222.79 billion for the previous year, representing a year-on-year growth of 10.2%. However, net profit decreased by 21.7% to RMB 9.912 billion, primarily due to the costs associated with direct sales channel development and the preemptive investment in new products and branding [1] - In Q4 of the previous year, the company achieved a record revenue of RMB 69.21 billion, but net profit fell to RMB 1.277 billion, a quarter-on-quarter decline of 44%. This decline was mainly attributed to a one-time provision for year-end bonuses (RMB 4.6 billion) along with increased expenditures on direct sales and advertising, as well as the ramp-up costs of new stores [1] - Looking ahead to 2026, the report suggests that the profitability of Great Wall Motors will depend on efficiency improvements, with overseas challenges expected to reach 600,000 units, which, along with enhanced direct sales efficiency, could drive profit recovery [1]

转自：中国质量报 多家车企1月销量出炉 出口成拉动销量重要因素 □ 本报记者 岳 倩 近日，多家车企陆续披露新年首月销量数据。整体来看，1月车企销量呈现出同比稳健上升、环比回落 的特征，新能源车与燃油车、新势力与传统品牌的市场表现呈现出结构性分化趋势。在国内存量竞争日 趋白热化的背景下，出口成为车企拉动整体销量、对冲国内市场波动的增长极。 据了解，车企往往选择在年底刺激销量，大部分车企2025年12月的销量基数较高。此外，1月为传统汽 车销售淡季，叠加新能源汽车购置税补贴退坡、以旧换新和报废补贴规则修改等政策换挡影响，因此， 大部分车企出现"环比下滑"的趋势符合市场规律。 传统车企的销量数据显示，有燃油车业务板块的车企在一定程度上对冲了风险，1月表现相对稳健；同 时，海外市场已经成为销量的重要增长极。 央国企方面，上汽集团实现整车批售32.7万辆，同比增长23.9%，环比下降约18.03%；海外销售10.5万 辆，同比增长51.7%。广汽集团销售汽车11.66万辆，同比增长18.47%，环比下滑37.79%，海外销量同比 增长68.59%。 民营企业方面，吉利汽车销量为27.02万辆，同比增长1.29%，环比 ...

Core Viewpoint - The surge in metal prices, particularly copper, is significantly impacting downstream manufacturing industries in China, leading to squeezed profit margins for manufacturers while upstream companies benefit from rising raw material prices [3][5][9]. Group 1: Price Surge in Raw Materials - In 2025, copper prices increased by 34.34%, and the upward trend continued into 2026 [2]. - The price of lithium carbonate, essential for electric vehicle batteries, skyrocketed from 75,700 yuan per ton in January 2025 to 175,250 yuan per ton by January 23, 2026, marking a 131.4% increase [7]. - Tungsten concentrate prices surged to 520,000 yuan per ton, while tungsten carbide prices rose from approximately 300,000 yuan per ton to 1,200,000 yuan per ton [7]. Group 2: Impact on Manufacturing Industries - The home appliance industry is heavily affected by rising copper prices, with copper accounting for over 20% of the total cost of air conditioners. The copper price reached 105,020 yuan per ton in February 2026, up 42.25% from early 2025, leading to an 8.45% increase in air conditioner costs [10]. - The electric vehicle industry faces significant cost inflation, with UBS reporting that the cost increase for pure electric vehicles (BEVs) due to metal prices alone is approximately 5,600 yuan per vehicle, primarily driven by lithium price increases [12]. - The automotive industry's single vehicle gross profit was only 13,000 yuan in 2025, making it challenging for manufacturers to pass on rising costs to consumers amid fierce competition [13]. Group 3: Upstream vs. Downstream Dynamics - Upstream mining companies are experiencing explosive profit growth due to rising raw material prices, with Zijin Mining forecasting a net profit of 51 to 52 billion yuan for 2025, a year-on-year increase of 59% to 62% [8]. - In contrast, manufacturing companies are facing unprecedented cost pressures, leading to a decline in profit margins. The manufacturing sector's profit margin was only 4.7% in 2025, compared to 15.9% for the mining sector [21][19]. - The overall revenue of China's industrial enterprises has been increasing, but profit margins have been declining, indicating a challenging environment for manufacturers [19][21]. Group 4: Strategies for Survival and Growth - Many Chinese manufacturing companies are exploring ways to extend their business scope internationally, moving beyond low-end products to high-value items like electric vehicles and industrial robots [24]. - Some companies are actively integrating vertically by acquiring upstream resources, such as copper mines, to mitigate the impact of rising raw material prices [24]. - Technological advancements are also being pursued, with companies investing in alternatives to reduce dependency on expensive raw materials, such as the development of sodium-ion batteries [26].

Group 1 - The Freedom Cash Flow ETF CSI All Index (561080) closed down 1.55% at 1.330 yuan with a trading volume of 8.4067 million yuan [1] - Major holdings in the ETF include China National Offshore Oil Corporation (CNOOC) down 1.12%, SAIC Motor up 0.14%, Gree Electric Appliances down 0.33%, COSCO Shipping Holdings up 0.07%, Muyuan Foods down 0.15%, Aluminum Corporation of China down 6.77%, TCL Technology down 0.61%, Baosteel down 1.52%, Great Wall Motors up 1.06%, and Chint Electric down 4.14% [1] - The ETF's performance benchmark is the CSI All Index Free Cash Flow Index, managed by Huaan Fund Management Co., Ltd. The fund has returned 35.06% since its inception on April 23, 2025, and 7.11% over the past month [1]