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长城汽车(601633) - H股公告-董事会会议通知
2025-10-13 09:30
(於中華人民共和國註冊成立的股份有限公司) ,2025 10月13日 股份代號:2333(港幣櫃檯)及82333(人民幣櫃檯) 董 事 會 會 議 通 知 長城汽車股份有限公司(「本公司」)董事會(「董事會」)謹此宣佈,本公司董事會會議 將於2025年10月24日(星期五)於中國河北省保定市朝陽南大街2266號舉行,藉以審議及批 准(其中包括)本公司及其子公司截至2025年9月30日止3個月之未經審計的第3季度業績 (以《中國企業會計準則》編製)。 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份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任 。 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 長 城 汽 車 股 份 有 限 公 司 GREAT WALL MOTOR COMPANY LIMITED* 非執行董事:何平先生。 獨立非執行董事:樂英女士、范輝先生及鄒兆麟先生。 * 僅供識別 於本公告日期,董事會成員如下: 執行董事:魏建軍先生、趙國慶先生及李紅栓女士。 職工董事:盧彩娟女士。 ...
汽车周报:紧抓科技主线,寻找低估成长新机会-20251013
业 研 究 / 行 业 点 评 证 券 研 究 报 告 证券分析师 戴文杰 A0230522100006 daiwj@swsresearch.com 樊夏沛 A0230523080004 fanxp@swsresearch.com 联系人 朱傅哲 (8621)23297818× zhufz@swsresearch.com 本研究报告仅通过邮件提供给 中庚基金 使用。1 2025 年 10 月 13 日 紧抓科技主线,寻找低估成长新机 会 看好 ——2025/10/9-2025/10/10 汽车周报 本期投资提示: 请务必仔细阅读正文之后的各项信息披露与声明 行 业 及 产 业 行 汽车 - ⚫ 观点:四季度补贴额度吃紧带来一波市场抢装,好产品也需要大产能支撑。我们看到近 期密集上市一批改款车型,有望让火爆的 Q4 车市再上强度。对于整车可关注供给能有 效释放的企业,如吉利、比亚迪、长城,理想、蔚来等。同时我们建议在消费端不明朗 的情况下关注"未来产业",科技才是持续创造超额收益的主要阵地。而当下阶段更应 该关注业绩有支撑、估值相对较低且有提升潜力的公司,包括机器人、AI、低空经济等 科技引领赛道。推荐质地优、 ...
汽车行业 2025 年 10 月投资策略:9 月狭义乘用车市场销量预计同比增长 2%,建议关注三季报行情
Guoxin Securities· 2025-10-13 08:52
Investment Rating - The report maintains an "Outperform" rating for the automotive industry [1][4]. Core Views - The automotive industry is transitioning into a technological era, with electric, intelligent, and connected vehicles driving growth. The report emphasizes the importance of energy flow applications in electrification and data flow applications in intelligence [14][15]. - The report highlights the rise of domestic brands and the opportunities in incremental components driven by electric and intelligent trends [4][25]. - The forecast for the domestic automotive market indicates a compound annual growth rate of 2% over the next 20 years, with significant growth in new energy vehicles [15][22]. Monthly Sales and Market Performance - In September, the narrow passenger car market is expected to see a retail sales volume of approximately 2.15 million units, representing a month-on-month increase of 6.5% and a year-on-year increase of 2% [1][10]. - The automotive sector's performance in September showed a 6.38% increase, outperforming the CSI 300 index by 3.18 percentage points [2][10]. Key Company Earnings Forecasts and Investment Ratings - Key companies such as Leap Motor, Geely, and JAC Motors are rated as "Outperform" with expected earnings per share (EPS) growth and price-to-earnings (PE) ratios indicating strong future performance [5][10]. - Leap Motor is projected to have an EPS of 0.62 in 2025, with a PE ratio of 107, while Geely is expected to have an EPS of 1.57 with a PE of 13 [5]. Market Trends and Innovations - The report notes significant advancements in autonomous driving technologies, with companies like Tesla and local players making strides in robotaxi operations and intelligent vehicle features [3][4]. - The report emphasizes the importance of new product cycles, particularly for companies like Huawei and Xiaomi entering the automotive space, which are expected to drive growth in the industry [3][4]. Recommendations - The report recommends focusing on domestic brands that are rising in the electric and intelligent vehicle segments, as well as companies involved in the supply of incremental components [4][25]. - Specific recommendations include companies like Top Group, Horizon Robotics, and various domestic auto parts suppliers that are well-positioned to benefit from the ongoing transformation in the automotive industry [4][24].
长城汽车(02333.HK)拟10月24日举行董事会会议审批季度业绩
Ge Long Hui· 2025-10-13 08:41
格隆汇10月13日丨长城汽车(02333.HK)宣布,本公司董事会会议将于2025年10月24日(星期五)于中国 河北省保定市朝阳南大街2266号举行,藉以审议及批准(其中包括)本公司及其子公司截至2025年9月 30日止3个月的未经审计的第3季度业绩(以《中国企业会计准则》编制)。 ...
长城汽车(02333) - 董事会会议通知
2025-10-13 08:34
,2025 10月13日 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份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任 。 長 城 汽 車 股 份 有 限 公 司 GREAT WALL MOTOR COMPANY LIMITED* (於中華人民共和國註冊成立的股份有限公司) 股份代號:2333(港幣櫃檯)及82333(人民幣櫃檯) 董 事 會 會 議 通 知 長城汽車股份有限公司(「本公司」)董事會(「董事會」)謹此宣佈,本公司董事會會議 將於2025年10月24日(星期五)於中國河北省保定市朝陽南大街2266號舉行,藉以審議及批 准(其中包括)本公司及其子公司截至2025年9月30日止3個月之未經審計的第3季度業績 (以《中國企業會計準則》編製)。 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 於本公告日期,董事會成員如下: 執行董事:魏建軍先生、趙國慶先生及李紅栓女士。 職工董事:盧彩娟女士。 非執行董事:何平先生。 獨立非執行董事:樂英女士、范輝先生及鄒兆麟先生。 * 僅供識別 ...
9月乘用车零售再破历史峰值:上汽时隔五月重夺“销冠” 比亚迪同比首现负增长
Xin Lang Cai Jing· 2025-10-13 05:44
Core Insights - The overall retail sales of passenger cars in China reached 2.241 million units in September, marking a year-on-year increase of 6.3% and a month-on-month increase of 11.0% [1] - Cumulative retail sales for the year have reached 17.005 million units, representing a year-on-year growth of 9.2%, setting a new historical peak [1] - New energy vehicles (NEVs) have been the primary driver of sales growth, with 14 major car manufacturers collectively selling over 1.32 million NEVs in September [1] Industry Performance - The penetration rate of NEVs in the domestic passenger car market reached 57.8% in September, an increase of 5 percentage points compared to the same period last year [1] - Domestic brands achieved a NEV penetration rate of 78.1% [1] Company Performance - SAIC Motor Corporation achieved sales of 439,777 units in September, a year-on-year increase of 40.39%, reclaiming the title of monthly sales champion among Chinese listed car companies [2] - BYD's sales in September were 396,270 units, a decline of 5.52%, marking the first month of year-on-year decline since March 2024 [3] - Geely Automobile reported sales of 273,125 units in September, a year-on-year increase of 35.24%, with NEV sales reaching 165,201 units, up 81.27% [3] - Chery Automobile's sales reached 255,584 units in September, a year-on-year increase of 8.90%, with NEV sales of 83,498 units, up 17.24% [4] - Leap Motor achieved a remarkable sales increase of 97.4% in September, with 66,657 units delivered, setting a new record for new car manufacturers [5] Market Trends - The automotive market in September saw over 70 new car models launched, contributing to increased consumer purchasing enthusiasm [5] - The fourth quarter is expected to maintain stable growth, driven by policy guidance and high growth foundations, with an anticipated increase in consumer purchases before the adjustment of NEV tax policies in 2026 [6]
预计关税再次波动对部分出口链汽零影响较小,继续关注Figure及T链机器人公司
Orient Securities· 2025-10-13 05:43
Investment Rating - The investment rating for the automotive and parts industry is maintained as Neutral [5] Core Insights - The report anticipates that competitive domestic brands and new forces in intelligent driving technology will continue to expand their market share by 2025 [3][15] - The report suggests ongoing attention to humanoid robotics, Huawei's supply chain, Xiaomi's supply chain, T-chain, and intelligent driving industry companies [3][15] - The expected impact of tariff fluctuations on certain export chains in the automotive parts sector is considered minimal [2][14] Summary by Sections Weekly Insights - Figure AI has officially launched the Figure 03 humanoid robot, which is expected to have strong mass production certainty, with a target annual production capacity of 12,000 units in its first phase [12] - The collaboration between Sairus and ByteDance's Volcano Engine aims to accelerate the development of the domestic robotics industry [13] - Tesla's Cybercab prototype has entered the collision testing phase, indicating readiness for mass production by 2026 [14] Sales Tracking - In September, the wholesale sales of passenger cars reached 2.77 million units, a year-on-year increase of 11%, while retail sales were 2.24 million units, up 6% year-on-year [19][22] Market Performance - The automotive sector underperformed compared to the CSI 300 index, with a decline of 1.5% [26][28] - The passenger vehicle and automotive parts sectors showed weaker performance, with the automotive parts sector experiencing a significant drop of 2.45% [26][30] Key Company Announcements - Sairus announced a cooperation framework with ByteDance to enhance the application of AI in the automotive industry [39] - BYD reported a sales figure of 396,300 units in September, a year-on-year decrease of 5.5% [43] - SAIC Motor's sales in September reached 439,800 units, a year-on-year increase of 40.4% [45]
长城汽车:全球化验证赋能,成就“极地车”自信
Xin Lang Cai Jing· 2025-10-13 03:11
此次签约,标志着又一股民营制造力量跻身国家极地装备保障体系,为中国汽车品牌的技术实力与价值定位写下全新注脚。 从企业品质到国家认可 南极极端环境对机械装备的考验堪称极致,强风暴雪频发,冰裂、暗沟、碎石与冻土交织的路面,对车辆性能提出严苛要求。中国极地研究中心作为统筹极 地科考装备的权威机构,围绕车辆动力系统低温稳定性、底盘抗冲击能力、油品极端环境适应性等核心需求,最终选定长城汽车作为重要的合作伙伴。 2025年10月11日,保定长城汽车技术中心内,长城汽车与中国极地研究中心的签约仪式,将中国民营汽车企业与国家极地科研事业实现了联结。 这份认可背后,是长城汽车对"可靠品质"的追求。签约仪式上,长城汽车副总裁刘艳钊坦言:"中国极地研究中心的认可已经化为沉甸甸的责任"。与以往部 分企业改装展示不同,此次登陆南极的坦克300柴油版为未经特殊改装的量产车型,将直接承担长城站科考任务中的人员通勤、物资运输等实战性保障工 作,这种"原厂出勤"的底气,在全球极地科考用车中并不多见。 不仅如此,长城汽车技术人员将首次参与极地科考任务。这一安排构建起了"现场保障-数据反馈-技术优化"的闭环。科考过程中,技术人员既要确保车辆可 靠 ...
汽车股延续下跌 小鹏汽车-W跌近4% 新能源免税门槛提高或带来Q4旺季
Zhi Tong Cai Jing· 2025-10-13 02:41
申万宏源近期发布研报称,第四批"以旧换新"资金已经下达,汽车补贴陆续进入尾声;以及明年起新能 源免征购置税政策结束,取而代之的是减半征收,每辆车最高需额外支付1.5万元税费,购买30万元以 上车型的消费者,购车成本将明显上升,进入四季度或许会因此迎来一波市场抢装。 消息面上,工信部此前公布2026年减免购置税技术要求。民生证券发布研报称,政策符合预期,纯电在 售车型基本满足购置税补贴要求;插混续航提升有望提升国内乘用车市场ASP,低效车型将无法再享受 免税,倒逼车企提升三电系统效率。 汽车股延续下跌,截至发稿,小鹏汽车-W(09868)跌3.73%,报83.8港元;理想汽车-W(02015)跌2.66%, 报89.7港元;广汽集团(02238)跌2.43%,报3.21港元;长城汽车(601633)(02333)跌1.86%,报16.34港 元。 ...
乘联分会:9月乘用车厂商零售、出口、批发和生产均创当月历史新高
智通财经网· 2025-10-13 02:21
Core Insights - The passenger car market in China showed strong performance in September 2025, with record highs in retail, export, wholesale, and production, particularly in the new energy vehicle (NEV) sector [1][2][5] Retail Performance - In September, the retail sales of passenger cars reached 2.241 million units, a year-on-year increase of 6.3% and a month-on-month increase of 11.0% [2][4] - Cumulative retail sales from January to September reached 17.005 million units, reflecting a 9.2% year-on-year growth [2][4] - The retail penetration rate of NEVs in September was 57.8%, with a notable increase in the share of domestic brands [12][14] Export Trends - In September, the total export of passenger cars was 528,000 units, marking a year-on-year increase of 20.7% [5][15] - NEVs accounted for 40.1% of total exports, with a significant year-on-year increase of 15 percentage points [5][15] - The export of domestic brands reached 463,000 units, a year-on-year growth of 27% [5][15] Production Insights - Passenger car production in September was 2.838 million units, a year-on-year increase of 17.2% [5][6] - Cumulative production from January to September reached 20.78 million units, reflecting a 13.9% year-on-year growth [5][6] Wholesale Data - In September, wholesale sales of passenger cars reached 2.803 million units, a year-on-year increase of 12.4% [6][12] - The wholesale penetration rate of NEVs was 53.5%, with domestic brands leading at 68.3% [12][15] New Energy Vehicle (NEV) Performance - NEV production in September reached 1.501 million units, a year-on-year increase of 22.9% [8][9] - NEV wholesale sales were 1.500 million units, reflecting a year-on-year growth of 22.4% [9][12] - The cumulative retail of NEVs from January to September was 8.866 million units, a growth of 24.4% [9][12] Brand Performance - In September, domestic brands achieved retail sales of 1.5 million units, a year-on-year increase of 13% [4][17] - The market share of domestic brands in the retail sector reached 66.9%, up 3.6 percentage points year-on-year [4][17] - New energy brands like BYD, Geely, and Chery showed strong performance in both retail and wholesale segments [16][17] Market Dynamics - The market is transitioning towards a more stable environment with reduced price wars and moderate promotional activities [3][4] - The competitive landscape is evolving, with emerging brands gaining market share and traditional brands adapting to new trends [16][17]