公 司 研 究 [Table_Reportdate] 2024年12月04日 公 司 简 评 汽 车 [Table_invest] 买入（维持） 报告原因：重大事项 [证券分析师 Table_Authors] 黄涵虚 S0630522060001 hhx@longone.com.cn 联系人 陈芯楠 cxn@longone.com.cn | --- | --- | |--------------------------|------------------| | | | | 收盘价 | 2024/12/03 14.03 | | 总股本 ( 万股 ) | 991,729 | | | | | 流通 A 股 /B 股 ( 万股 ) | 821,258/164,161 | | 资产负债率 (%) | 59.36% | | 市净率 ( 倍 ) | 1.86 | | 净资产收益率 ( 加权 ) | 4.95 | | 12 个月内最高 / 最低价 | 19.88/11.43 | [Table_QuotePic] -51% -39% -26% -14% -2% 11% 23% 35% 23-12 24-03 24-06 24 ...

证券代码：000625、200625 证券简称：长安汽车、长安 B 重庆长安汽车股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|-------------------------------------------------------------|--------------------------------------------------------------------------------| | | | | | 投资者关系活 动类别 | ■ 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ 其他（请文字说明其他活动内容） | | | 参与单位名称 及人员姓名 | 华福证券、国联基金、谦信基金 | | | 时间 | 2024 年 12 月 03 日 | | | 地点 | 公司会议室 | | | 上市公司接待 人员姓名 | 投资者关系管理高级经理——李楠 | | | | 一、请问公司新能源销售情 ...

证券代码：000625（200625） 证券简称：长安汽车（长安 B） 公告编号：2024-68 重庆长安汽车股份有限公司 关于 2024 年 11 月份产、销快报的自愿性信息披露公告 重庆长安汽车股份有限公司 2024 年 11 月份产、销快报数据如下： | 单位 | | | 产量（辆） | | | | | | 销量（辆） | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 本月 | 去年同期 | 同比变动 | 本年累计 | 去年同期 | 同比 | 本月 | 去年同期 | 同比变动 | 本年累计 | 去年同期 | 同比 | | | | | | | 累计 | 变动 | | | | | 累计 | 变动 | | 重庆长安 | 117,744 | 98,565 | 19.46% | 973,073 | 1,063,983 | -8.54% | 109,309 | 100,101 | 9.20% | 1,029,186 | 1,050,465 | -2.03% | | 河北长安 | 8, ...

Group 1: Smart Driving and Technology Development - The company aims to achieve superior safety in smart driving by integrating visual, laser radar, and millimeter-wave radar technologies, significantly enhancing perception capabilities [1] - The company has launched the APA 7.0 remote unmanned valet parking system, which does not rely on digital transformation of parking lots, marking an industry-first mass production [1] - The next-generation solid-state battery technology was announced, eliminating the separator and enhancing safety, with plans for commercial application by 2027 and mass production by 2030 [2] Group 2: Brand Positioning and Market Strategy - The company is advancing its "Shangri-La" plan, establishing three distinct electric vehicle brands: Avita, Deep Blue, and Changan Qiyuan, to cater to different market segments [2] - Deep Blue targets mainstream young users with plans to launch five models within two years, while Changan Qiyuan focuses on mainstream family-oriented users [2] - The company has achieved a 61.8% year-on-year increase in overseas sales, totaling 319,000 units from January to October 2023, with a target of 1.2 million units by 2030 [4] Group 3: Financial Performance and Shareholder Returns - The company has distributed a total of 21.2 billion yuan in dividends since its listing, emphasizing a commitment to stable shareholder returns [4] - The company plans to invest 250 billion yuan over five years to enhance its technological capabilities and product offerings, including the development of over 50 new products [5] - The company maintains its production and operational targets despite external market pressures, focusing on quality and value creation [4][5] Group 4: Production Capacity and Market Response - The Deep Blue S05 has a designed production capacity of 280,000 units, with the company actively working to meet market demand [6] - The Avita 11 has received positive market feedback, with over 12,000 units delivered and 10,000 orders within 12 days of its launch [6] - The company is addressing production and delivery challenges to meet the increasing demand for its new models [6] Group 5: Competitive Landscape and Strategic Initiatives - The company is focused on enhancing product quality and customer value to counteract the effects of price wars in the automotive industry [7] - Long-term sustainability in the automotive sector is emphasized through technological innovation and brand reputation rather than engaging in price competition [7] - The company is exploring investments in robotics and flying cars, with a planned investment of over 50 billion yuan in these areas over the next five years [9]

长安汽车金融有限公司 审计报告 天职业字[2024]19436 号 目 录 审计报告 -- -1 ____ 3 2023 年度财务报表 -- 2023 年度财务报表附注 ------ -15 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.kgv.cn）"进行在线 审计报告 天职业字[2024]19436 号 长安汽车金融有限公司全体股东: 一、审计意见 我们审计了长安汽车金融有限公司(以下简称"长安汽车金融")财务报表,包括 2023 年 12月 31 日的合并及母公司资产负债表,2023年度的合并及母公司利润表、合并及母公 司现金流量表、合并及母公司所有者权益变动表以及相关财务报表附注。 我们认为,后附的财务报表在所有重大方面按照企业会计准则的规定编制,公允反映了 长安汽车金融 2023年 12月 31日的合并及母公司财务状况以及,2023年度的合并及母公司 经营成果和现金流量。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注册会计师对 财务报表审计的责任"部分进一步阐述了我们在这些准则下的责任。按照中国注册会计师职 业道德 ...

证券代码：000625(200625) 证券简称：长安汽车（长安 B） 公告编号：2024-66 重庆长安汽车股份有限公司 第九届董事会第三十一次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 公司于 2024 年 11 月 27 日在长安汽车金融城会议室以现场结合视频方式 召开第九届董事会第三十一次会议，会议通知及文件于 2024 年 11 月 18 日通 过邮件等方式送达公司全体董事。会议应到董事 13 人，实际参加表决的董事 13 人，其中委托出席 1 人，独立董事张影先生因工作原因，委托独立董事李 震宇先生出席并代为表决。会议由董事长朱华荣先生主持，部分监事及高管列 席会议。本次会议的召开符合《公司法》和《公司章程》等有关规定，会议形 成的决议合法、有效。会议审议通过了以下议案： 1.审议通过了《2025 年度董事会工作计划》 表决结果：同意 13 票，反对 0 票，弃权 0 票。 2.审议通过了《关于拟以公开摘牌方式购买长安汽车金融有限公司部分股 权的议案》 基于审慎原则，公司自愿将本议案提交公司股东大会审议。 3.审议通过了《关于全球 ...

证券代码：000625(200625) 证券简称：长安汽车（长安 B） 公告编号：2024-67 重庆长安汽车股份有限公司 关于拟以公开摘牌方式购买长安汽车金融有限公司部分股权暨 关联交易的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 特别提示： 1．重庆长安汽车股份有限公司（以下简称"长安汽车"或"公司"）拟通过重 庆联合产权交易所集团股份有限公司（以下简称"重庆产交所"）以公开摘牌方式购 买重庆渝富资本运营集团有限公司（以下简称"渝富资本"）持有的长安汽车金融有 限公司（以下简称"长安汽车金融"）20%股权，挂牌转让底价为23亿元。 2．本次交易构成关联交易，但不构成重大资产重组，基于审慎原则，公司自愿 将其提交股东大会审议。 3．公司能否摘牌成功以及最终交易价格均存在不确定性，公司将根据后续进展 情况及时履行信息披露义务，敬请广大投资者注意投资风险。 一、关联交易概述 1．基本情况 为进一步增强长安汽车金融对公司营销业务的战略支撑作用，公司拟通过重庆 产交所以公开摘牌方式购买渝富资本持有的长安汽车金融20%股权，并授权经营层根 据交易实际情况决定 ...

证券代码：000625、200625 证券简称：长安汽车、长安 B 重庆长安汽车股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|--------------------------------------|--------------------------------------------------------| | | | | | 投资者关系活 动类别 | ■ 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ 其他（请文字说明其他活动内容） | | | 参与单位名称 及人员姓名 | 资管 | 浙商证券、交银施罗德基金、国盛证券、工银瑞信基金、财通 | | 时间 | 2024 年 11 月 27 日 | | | 地点 | 公司会议室 | | | 上市公司接待 | | 证券事务代表——揭中华；投资者关系管理高级经理——李 | | 人员姓名 | 楠 | | | | | 一、请公司介绍一下在换电和出行领域的最新 ...

证券代码：000625、200625 证券简称：长安汽车、长安 B 重庆长安汽车股份有限公司投资者关系活动记录表 | --- | --- | --- | |------------------------------|----------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活 动类别 | ■ 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ 其他（请文字说明其他活动内容） | | | 参与单位名称 及人员姓名 | 华西证券、银华基金 | | | 时间 | 2024 年 11 月 26 日 | ...

New Energy Vehicle Performance - In October 2024, Changan Auto's independent new energy vehicle sales reached 85,000 units, a year-on-year increase of 48.6% [1] - Cumulative new energy vehicle sales from January to October 2024 were 533,000 units, a year-on-year increase of 46.4% [1] - Avita 07 has become the main product of Avita, with cumulative deliveries exceeding 12,000 units [1] - Avita 12 received over 10,000 orders within 12 days of its launch [1] - Shenlan Auto achieved sales of 28,730 units in October 2024, with total orders reaching 36,277 units [1] - Shenlan S05 became a hit upon launch, with first-month orders reaching 21,730 units [2] - Changan Qiyuan sold 18,050 units in October 2024, with cumulative sales exceeding 150,000 units in its first year [2] Strategic Plans for Changan Kaicheng - Changan Kaicheng plans to start delivering unmanned delivery vehicles by 2026 [2] - By 2027, Changan Kaicheng aims to explore unmanned logistics products for warehouse-to-warehouse transportation and establish an unmanned logistics platform [2] - Changan Auto is conducting forward-looking research on emerging industries such as flying cars and humanoid robots, which will support Changan Kaicheng's transformation into a digital and intelligent new energy commercial vehicle brand [2] Solid-State Battery Technology - On November 7, 2024, Changan Auto and Tailan New Energy jointly released a separator-free solid-state lithium battery technology [2] - This technology is a key step for Changan's "Golden Bell Cover" battery towards the solid-state battery era [3] - Changan Auto plans to achieve full solid-state battery vehicle verification by 2027 and mass production by 2030 [3] Advanced Autonomous Driving Technology - Changan Auto has developed Changan Zhijia, an interactive autonomous driving technology that embodies intelligent interaction with the physical world [3] - Over the past year, Changan Auto has conducted over 10,000 road tests on Chongqing's complex 8D overpasses [3] - The company has built an engineering team of over 1,000 people and completed over 100 training iterations in the cloud [3] - Changan Zhijia has achieved seven full-capability certificates in the Super AI Challenge and is among the first batch of L3 pilot enterprises [3] - The SDA Tianzhu architecture, with a time synchronization accuracy of less than 0.001 milliseconds, is one of the most advanced intelligent vehicle system architectures globally [4] - The Tianzhu model integrates multi-modal large language models, enabling continuous learning and evolution of the autonomous driving system [4] - Changan Auto plans to equip all future high-end autonomous driving vehicles with over 500 TOPS of computing power and aims to become an industry leader by 2027 [4]