Core Viewpoint - The announcement from FAW Jiefang regarding the election of Qiao Youlin as a non-independent director at the company's second extraordinary general meeting in 2025 highlights ongoing governance changes within the company [2] Group 1 - FAW Jiefang held its second extraordinary general meeting on September 9, 2025 [2] - The meeting approved the proposal to elect Qiao Youlin as a non-independent director [2]

Core Viewpoint - Recently, FAW Jiefang (000800) announced the election of Mr. Wang Hao as the employee representative director of the company's tenth board of directors [1] Group 1 - FAW Jiefang held an employee representative conference to elect new board members [1] - Mr. Wang Hao has been appointed as the employee representative director [1]

一汽解放集团股份有限公司 FAW Jiefang Group Co., Ltd （经公司 2025 年 9 月 9 日召开的 2025 年第二次临时股东大会审议通过） 章 程 2025 年 9 月 1 | 第一章 总则 4 | | --- | | 第二章 经营宗旨和范围 5 | | 第三章 股份 6 | | 第一节 股份发行 6 | | 第二节 股份增减和回购 6 | | 第三节 股份转让 8 | | 第四章 股东和股东会 8 | | 第一节 股东的一般规定 8 | | 第二节 控股股东和实际控制人 11 | | 第三节 股东会的一般规定 12 | | 第四节 股东会的召集 14 | | 第五节 股东会的提案与通知 15 | | 第六节 股东会的召开 16 | | 第七节 股东会的表决和决议 18 | | 第五章 董事和董事会 21 | | 第一节 董事的一般规定 21 | | 第二节 董事会 24 | | 第三节 独立董事 28 | | 第四节 董事会专门委员会 30 | | 第六章 高级管理人员 32 | | 第七章 公司党委 34 | | 第八章 财务会计制度、利润分配和审计 35 | | 第一节 财务 ...

证券代码：000800 证券简称：一汽解放 公告编号：2025-066 特此公告。 一汽解放集团股份有限公司 董 事 会 一汽解放集团股份有限公司 关于董事辞职暨选举职工代表董事的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、董事辞职情况 一汽解放集团股份有限公司（以下简称"公司"） 董事会于近日收到公司董 事王浩先生递交的书面辞任申请，因公司治理结构调整，王浩先生申请辞去公司 第十届董事会非独立董事职务。辞去董事后，王浩先生在公司的其他职务不变。 王浩先生的辞任未导致公司董事会人数低于法定的最低人数要求，不会影响公司 董事会的正常运行，亦不会对公司的日常运营产生不利影响。根据《中华人民共 和国公司法》（以下简称"《公司法》"）和《一汽解放集团股份有限公司章程》 (以下简称"《公司章程》"）的相关规定，其辞任自辞职报告送达公司董事会 时生效。截至本公告披露日，王浩先生未持有公司股份。 二、选举职工代表董事的情况 根据《公司法》《上市公司章程指引》《深圳证券交易所上市公司自律监管 指引第 1 号——主板上市公司规范运作》等法律、法规、规范性文件的规定 ...

一汽解放集团股份有限公司 2025年第二次临时股东大会决议公告 证券代码：000800 证券简称：一汽解放 公告编号：2025-065 1、本次股东大会没有否决议案的情形。 特别提示： 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。 1、召开时间： 现场会议召开时间：2025 年 9 月 9 日下午 15:00 网络投票时间为：2025 年 9 月 9 日，其中： （1）通过深圳证券交易所交易系统进行网络投票的具体时间 2025 年 9 月 9 日上午 9:15—9:25，9:30－11:30 和下午 13:00－15:00 2、本次股东大会没有涉及变更前次股东大会决议。 一、会议召开和出席情况 4、召集人：公司董事会 5、主持人：公司董事兼总经理于长信先生 6、本次会议的召开符合《公司法》《上市公司股东会规则》及《公司章程》 的规定 7、出席的总体情况： 股东出席的总体情况：参加本次股东大会现场会议和网络投票的股东及股东 代理人共计 567 人，代表有表决权股份 3,886,248,382 股，占上市公司有表决权 股份总数的 78.9682％。其中： 1 （ ...

北京市金杜律师事务所 关于一汽解放集团股份有限公司 2025 年第二次临时股东大会的 法律意见书 致：一汽解放集团股份有限公司 4. 公司本次股东会股权登记日的股东名册； 5. 出席本次股东会现场会议的股东的到会登记记录及凭证资料； 北京市金杜律师事务所（以下简称本所）接受一汽解放集团股份有限公司（以 下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、《中 华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会（以下 简称中国证监会）《上市公司股东会规则》（以下简称《股东会规则》）等中华人 民共和国境内（以下简称中国境内，为本法律意见书之目的，不包括中国香港特别 行政区、中国澳门特别行政区和中国台湾省）现行有效的法律、行政法规、部门规 章、规范性文件（以下统称法律法规）和现行有效的《一汽解放集团股份有限公司 章程》（以下简称《公司章程》）有关规定，指派律师出席了公司于 2025 年 9 月 9 日召开的 2025 年第二次临时股东大会（以下简称本次股东会），并就本次股东会相 关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1. 经 ...

Core Viewpoint - The article discusses the recent capital increase of FAW Bestune, which raised 8.55 billion yuan to support its transformation into the new energy vehicle sector and enhance its strategic initiatives [3][4]. Group 1: Capital Increase Details - FAW Bestune completed a capital increase on September 5, raising a total of 8.55 billion yuan [3]. - Major investors include Jiangsu Yueda Automobile Group (1.71 billion yuan), Agricultural Bank of China’s investment platform (1 billion yuan), China Telecom (500 million yuan), and Nanjing Horizon Information Technology (100 million yuan) [3]. - Following the capital increase, the shareholding structure changed, with China FAW's stake decreasing from 86.16% to 79.04%, while Yueda's stake increased from 1.97% to 10.34% [3][4]. Group 2: Strategic Initiatives and Transformation - The funds raised will primarily be used for research and development in new energy technology, upgrading smart manufacturing, and building a channel ecosystem [4]. - FAW Bestune's mixed reform began in 2023, marking the first time external investors were introduced, which is seen as a new attempt for its transformation into new energy [4]. - The company underwent a name change in March 2024, completing its shareholding reform [4]. Group 3: Market Performance and Product Development - FAW Bestune's sales returned to over 100,000 units in 2023, reaching 151,000 units in 2024 [4]. - The company has been late to enter the new energy sector compared to other domestic brands but is accelerating its transformation through external investments and shareholding reforms [5]. - The production base in Yancheng began operations in May last year, with the first model, the Bestune Pony (micro electric vehicle), rolling off the production line [5]. - By the end of 2025, the production capacity of the Yancheng base is expected to exceed 150,000 units [5]. - From January to August this year, FAW Bestune's cumulative sales reached 118,000 units, a year-on-year increase of 47.5%, with 101,000 units being new energy products [6].

Group 1: Red Flag - The Red Flag brand showcased its unique national car style with the CA7601J as the review vehicle during the 80th anniversary of the victory in the Chinese People's Anti-Japanese War and the World Anti-Fascist War [2] - Red Flag has a historical legacy of serving as the review car in major parades since 1959, with each vehicle symbolizing historical glory [2] Group 2: Dongfeng - Dongfeng Motor's participation included 115 vehicles, with 89 officially reviewed, highlighting its significant role in military parades [5][8] - The Dongfeng "Warrior" vehicles were involved in various military formations, showcasing the brand's strength as "China's first military vehicle brand" [8] Group 3: BAIC - BAIC Group's Beijing Off-road BJ80 served as the ceremonial artillery towing vehicle and news support vehicle, demonstrating the hard power of China's automotive industry [9] - BAIC Foton played a crucial role in the parade support tasks, including the transportation of peace doves and providing high-quality passenger transport services [10] Group 4: Heavy-duty Trucks - Heavy-duty trucks from companies like Beiben, FAW Liberation, China National Heavy Duty Truck, and Shaanxi Heavy Truck were showcased for their off-road performance and reliability, serving as important platforms for transporting high-tech military equipment [13] Group 5: BYD - BYD's 23 pure electric sanitation vehicles formed a "green" formation, completing sanitation tasks with high efficiency and zero emissions, reflecting China's advancements in renewable energy technology [17][19] Group 6: Yutong - Yutong provided over 1,000 vehicles, including high-end business models and emergency support vehicles, for various transportation tasks during the parade, showcasing its strong capabilities in the bus sector [19]

Group 1: Overseas Strategy Research - The current AH premium level still has some room to decline, with the narrowing mainly contributed by traditional industries. Traditional industries like real estate and banking still have room for further narrowing, while emerging industries such as semiconductors and hardware are expected to see a gradual narrowing in the future. A-share first-listed companies have a greater downward space for AH premium [3]. Group 2: Strategy Special Report - The structural recovery continues, with AI + overseas expansion being the core prosperity clues in the second-quarter reports. The performance growth of all A non-financial oil and petrochemical (All A two non) slowed down in 25Q2, but the prosperity clues within the technology growth sector accelerated their spread. The global AI industry resonance and overseas expansion are the core prosperity clues. Mid-cap growth stocks have outstanding performance growth, and the prosperity of hard technology and non-banking sectors is dominant [5][6]. Group 3: Industry Strategy - Comprehensive - Interferon α1b, suitable for the Chinese population, has the advantages of low antigenicity and few adverse reactions. It can be used for common viral diseases and malignant tumors, especially in children. The market is mainly in China and India, with a good competitive landscape. Some injections have been included in the medical insurance, and future demand is expected to increase [10]. Group 4: Industry Tracking Report - Military - The military parade demonstrated the high prosperity of the military industry. New and advanced military equipment was showcased, reflecting China's military technological innovation and strategic deterrence capabilities. The industry demand is highly certain, and with the acceleration of reform and innovation, it is expected to maintain high prosperity. Recommended stocks include AVIC Shenyang Aircraft, AVIC Optoelectronics, etc. [13][14][15]. Group 5: Industry Special Research - Household Appliances - The domestic subsidy effect continues, but the marginal effect is decreasing, and the tariff impact on exports is expected to ease. The overseas revenue proportion of the household appliance sector is increasing, and many companies are expanding into new fields. The performance of some companies in Q2 exceeded expectations, mainly in small household appliances and cleaning appliances. Four investment lines are recommended [18][19][20]. Group 6: Industry Strategy - Textile and Apparel - In 2025, the cumulative export of textiles and clothing in China and Vietnam increased year-on-year. In Q2, the revenue growth of many companies slowed down or declined, and the profit margin was under greater pressure. The short-term tariff impact will end at the end of the year, and future order prosperity is the core variable. Recommended stocks include Bailong Eastern, Jiuxing Holdings, etc. [25][26][27]. Group 7: Industry Tracking Report - Social Services - The investment view recommends AI applications, new retail and renovation, and emotional and experiential consumption stocks. The performance of the retail and consumer service sectors last week was ranked 9th and 14th respectively. Key industry information and company announcements were updated [29][30][31]. Group 8: Industry Semi-annual Report - Textile and Apparel - In 25H1, the Hong Kong stock sports sector led the industry in revenue and net profit growth, while the A-share brand performance was divided. The market expectations for brands after the semi-annual reports were mostly revised downwards, but the sports sector showed more resilience. Four investment lines are recommended [34][35][37]. Group 9: Industry Weekly Report - Petroleum - This week, crude oil trading returned to fundamental factors. The probability of interest rate cuts in the US has increased in the medium and long term, and the demand for crude oil has weakened. Recommended stocks include Xin凤鸣, Tongkun Co., Ltd., etc. [39]. Group 10: Company Semi-annual Report Comment - Quicktron Intelligent - The company achieved steady growth in 25H1, with high growth in contract liabilities laying a foundation for future growth. Benefiting from the high prosperity of the downstream AI industry, the demand for its main business continues to grow. The TCB prototype is expected to be launched within this year, expanding the semiconductor packaging map [40][41][42]. Group 11: Company Semi-annual Report Comment - Runhe Software - In 2025H1, the company's non-recurring profit increased significantly, and the intelligent IoT business maintained high prosperity. The company is making efforts in open-source Hongmeng, open-source Euler, and enterprise-level AI to create new driving forces, and is building an AI full-stack technology system [44][45][46]. Group 12: Overseas Report - China Everbright Holdings - The company is a leader in the private equity industry, with both the asset and liability sides showing improvement inflection points. It focuses on technological innovation and is gradually entering the harvest period. A "buy" rating is given for the first coverage, with a target price of HK$14.18 [49][50][51]. Group 13: Company First Coverage - Hanbell Precise Machinery - The company is a leader in the compressor industry, with healthy operating indicators and strong cash flow generation ability. The demand for data centers is surging, and the demand for magnetic levitation compressors is expanding. The company is expected to benefit from the industry's development, and a "buy" rating is given for the first coverage [54][55][56]. Group 14: Company Semi-annual Report Comment - Ruijie Networks - The company's data center business accounts for more than 50% of its revenue, showing strong income elasticity. The net profit margin shows an inflection point trend, and the expense ratio has decreased. A "buy" rating is maintained, with an upward adjustment of the performance forecast [59][60][61]. Group 15: Company Semi-annual Report Comment - Zhonggong International - The company's semi-annual report shows a decline in net profit but an improvement in gross profit margin and cash flow. Newly signed contracts increased by 33%. It has technical and brand advantages in细分 fields, and its investment and operation business in engineering has achieved multi-point breakthroughs. A "buy" rating is maintained [62][63][64]. Group 16: Company Semi-annual Report Comment - Jiuli Special Material - The company's overseas revenue exceeded domestic revenue in the first half of 2025, indicating significant international development achievements. The composite pipe orders were released, and the welding pipe gross profit margin decreased. The power equipment industry is booming, and the alloy company continues to grow. A "buy" rating is maintained [68][69][70]. Group 17: Company Semi-annual Report Comment - MEI Airtech - The company's operation is stable, and its performance is growing steadily. It actively responds to the overseas expansion of new energy and accelerates global layout to expand downstream markets. Solid-state batteries require higher cleanliness, and the company's clean equipment is expected to benefit first. A "buy" rating is maintained [72][73][74]. Group 18: Company Semi-annual Report Comment - Haimuxing - The company's performance was under pressure in 25H1, but it is expected to improve in the future. Its globalization strategy has achieved remarkable results, and its non-lithium battery business is advancing steadily. With sufficient orders, it has strong performance elasticity. A "buy" rating is given [77][78][79]. Group 19: Company First Coverage - FAW Jiefang - The company is a leading enterprise in China's commercial vehicle industry. Its 2025 semi-annual report was under pressure, but with the recovery of the domestic and overseas markets, its profitability is expected to improve. It is accelerating overseas layout to enhance its profitability. A "buy" rating is given for the first coverage [80][81][83]. Group 20: Company Semi-annual Report Comment - Shenzhou Information - The company's revenue increased steadily in the first half of 2025, and its profit in Q2 significantly reduced losses. Its financial software and service business grew steadily against the trend, and its large customer strategy achieved remarkable results. It has deeply explored the "AI + finance" application, and two strategic products have been implemented in scenarios. A "buy" rating is maintained [84][85][86]. Group 21: Company Semi-annual Report Comment - SAIC Motor - The company's reform results are emerging, and its performance is stabilizing and rebounding. The Huawei project is progressing smoothly, and the first model of the SAIC Shangjie brand is worth looking forward to. A "buy" rating is maintained [89][90]. Group 22: Company Semi-annual Report Comment - China World Trade Center - The company's revenue and profit decreased year-on-year in 2025H1, and the rent and occupancy rate of each business format fluctuated. The China World Trade Center supports its core revenue. A "buy" rating is maintained [92][93][94].

Group 1 - The 80th anniversary of the victory in the Chinese People's Anti-Japanese War and the World Anti-Fascist War was commemorated with a grand military parade in Beijing, showcasing the strength of the People's Army [1] - The parade featured 45 formations, including air and ground units, highlighting the modernization and capabilities of the military [1] - FAW Jiefang, referred to as the "national vehicle's eldest son," presented five models of medium high-mobility tactical military vehicles during the parade, participating in three specific formations [1][3][4] Group 2 - FAW Jiefang has a historical significance in China's automotive industry, with the first Jiefang truck rolling off the production line in July 1956, marking the beginning of domestic vehicle manufacturing [8][10] - The CA30 military off-road vehicle, introduced in September 1958, was the first domestically produced military vehicle, symbolizing a significant achievement in China's defense capabilities [12] - Over the decades, FAW Jiefang has consistently participated in major national parades, reflecting its integral role in national defense and the evolution of China's automotive industry from following to leading [13][14][23] Group 3 - In recent years, FAW Jiefang has made significant technological advancements, developing the third generation of medium high-mobility tactical vehicles, known as "Victory Tiger," which features high mobility, adaptability, and reliability [23] - The company aims to contribute to the high-quality development of China's automotive industry and support the national rejuvenation goals [23]