比亚迪股份有限公司（以下简称"公司"）于2024年10月18日召开了第八届 董事会第十次会议及第八届监事会第七次会议，并于2024年11月5日召开了2024 年第二次临时股东会，通过了《关于审议<比亚迪股份有限公司2024年员工持股 计划（草案）>及其摘要的议案》、《关于审议<比亚迪股份有限公司2024年员工 持股计划管理办法>的议案》及《关于提请股东会授权董事会及其授权人士全权 办理比亚迪股份有限公司2024年员工持股计划相关事项的议案》。具体内容详见 公司在巨潮资讯网（www.cninfo.com.cn）上披露的《比亚迪股份有限公司2024 年员工持股计划》（以下简称"本员工持股计划"）及其他相关公告。 根据《关于上市公司实施员工持股计划试点的指导意见》及《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》的相关规定，本员 工持股计划第一个锁定期已于2025年11月27日届满，现将本员工持股计划第一个 锁定期届满的相关情况公告如下： 一、本员工持股计划持股情况和第一个锁定期届满的情况说明 截至2024年11月27日，本员工持股计划已通过二级市场以集中竞价交易的方 式累计买入公司股票664 ...

Core Viewpoint - Several companies, including BYD, Anta Group, Li Ning Group, 361° Group, and Xtep Group, have announced significant donations to support victims of a severe fire in Hong Kong's Tai Po district, demonstrating corporate social responsibility and community support during crises [1][3][7][10]. Company Contributions - **BYD**: Donated 10 million HKD for medical assistance, emergency housing, and disaster recovery efforts, while expressing respect for frontline rescue workers [1]. - **Anta Group**: Committed a total of 30 million HKD, which includes 10 million HKD in cash and 20 million HKD in cold-weather gear, aimed at providing emergency housing and basic living support for affected individuals [3]. - **361° Group**: Announced a donation of 15 million HKD in cash and equipment to support local rescue and housing efforts, emphasizing collaboration with the community [5][6]. - **Li Ning Group**: Pledged 20 million HKD in cash and equipment to assist affected residents in overcoming the disaster [7]. - **Xtep Group**: Also donated 20 million HKD in cash and equipment specifically for the disaster relief and housing needs of the affected community [10].

Group 1 - BYD showcased its brands at the Guangzhou Auto Show, including the Dynasty and Ocean series, along with its technology exhibits such as the "God Eye" and "Megawatt Flash Charge" [1][3] - The Han L and Tang L models feature the Super e-platform with "Megawatt Flash Charge" technology, addressing electric vehicle charging anxiety, and come with new driving assistance features and upgraded safety configurations [3] - The Han L EV and DM models are priced between 204,800 to 264,800 CNY and 194,800 to 244,800 CNY respectively, while the Tang L EV and DM models are priced between 224,800 to 274,800 CNY and 214,800 to 270,800 CNY respectively, with a maximum purchase incentive of 52,000 CNY [3] Group 2 - Yangwang showcased its limited edition supercar U9 Xtreme and the luxury SUV U8L, highlighting its achievements in speed and lap records [5] - The Yangwang U7 introduced a new color option and a brand philosophy of "Free Control," while the U8L has been well-received in the market [5] Group 3 - Tengshi presented its family of models, including the N8L, D9, N9, and Z9, emphasizing its advancements in safety, control, and smart technology [7][8] - The Tengshi D9 is approaching a milestone of 300,000 deliveries and has been the best-selling model in the Chinese new energy MPV market from January to October 2025 [7] - The N9 and N8L are positioned as flagship SUVs with advanced driving assistance features, while the Z9GT and Z9 are highlighted as luxury sports models [8] Group 4 - Equation Leopard introduced four models under the Leopard Titanium series, with the Titanium 7 becoming a popular model, achieving sales of 20,024 units in its first full month [10] - The Titanium 7's high-end Ultra version accounts for over 85% of its sales, and the company is working to increase production capacity for faster deliveries [10]

据 香港交易所 披露，摩根大通对 比亚迪 股份有限公司- H股的多头持仓比例于2025年11月24日从6.12% 降至5.94%。 ...

Core Viewpoint - Meidel is preparing for its listing review at the Beijing Stock Exchange amid challenges in the new energy sector and tightening regulatory scrutiny [1] Group 1: Financial Performance - In the first half of 2025, Meidel's revenue increased by 35.13% year-on-year, and its net profit attributable to the parent company, excluding non-recurring items, grew by 63.15% [1] - The gross profit margin improved by approximately 4 percentage points during the same period [1] - Major clients contributed significantly to revenue, with BYD accounting for 31.55% and Xian Dao Intelligent contributing 25.42%, together making up 57% of total sales [1] Group 2: Client Dependency and Market Dynamics - The sales contribution from the top five clients fluctuated between 47.5% and 62.75%, indicating a high dependency on a few key customers [1] - Despite Xian Dao Intelligent experiencing an 83.88% decline in net profit in 2024, Meidel's sales to this client increased by 28% [1] Group 3: Profitability and Industry Comparison - Meidel's gross profit margins for 2022-2024 were 36.80%, 33.27%, and 33.60%, significantly higher than the industry averages of 32.11%, 31.52%, and 31.34% during the same period [1] - In the first half of 2025, while the industry gross profit margin fell to 29.85%, Meidel maintained a relatively stable margin [1] Group 4: Research and Development - Meidel's R&D expense ratios for 2022-2024 were 4.18%, 4.26%, and 4.9%, notably lower than the industry averages of 7.19%, 7.10%, and 7.66% [2] - As of June 2025, the company employed 214 R&D personnel, which is only 54% of the comparable company Yihua's 396 employees [2] Group 5: Operational Efficiency - The amount spent on labor outsourcing decreased from 105 million to 56.57 million yuan, while the number of production staff was reduced by 27%, yet productivity per employee increased by 34.4% [2] - The acceptance cycle for products extended from 10 months to 20 months, raising questions about cost accounting accuracy [2]

Overall Market - The overall market for passenger vehicles in China includes ICE, BEV, and PHEV, with a total production of 2,949,257 units and retail sales of 2,250,157 units in the first ten months of 2025 [4][6][7]. - The market share of new energy vehicles (NEV) has increased significantly, with NEV accounting for 41.0% of the total market in terms of production and 43.2% in retail sales [7][8]. New Energy Market - The new energy vehicle market has shown robust growth, with a production of 1,652,312 units and retail sales of 1,282,267 units in the first ten months of 2025, reflecting a year-on-year increase of 19.5% in production [4][6][9]. - The penetration rate of NEVs in the overall market reached 52.7% in 2025, indicating a strong trend towards electrification [9][11]. Export Market - The export of new energy vehicles has also seen growth, with a total of 1,865,675 units exported in the first ten months of 2025, marking a 70.5% increase compared to the previous year [14][20]. - The share of NEVs in the export market reached 35.8% in 2025, showcasing the increasing global demand for Chinese electric vehicles [14][16]. Manufacturer Performance - BYD remains the leading manufacturer in the new energy vehicle segment, with wholesale sales of 436,856 units in October 2025, despite a year-on-year decline of 12.7% [20][21]. - Other notable manufacturers include Geely and SAIC-GM-Wuling, with significant increases in their respective sales figures, indicating a competitive landscape in the NEV market [20][21]. Segment Analysis - In the first ten months of 2025, the retail sales of NEVs were dominated by SUVs, followed by sedans and MPVs, reflecting consumer preferences in the market [24][25]. - The overall market for fuel vehicles has seen a decline, with a 9.2% decrease in retail sales, contrasting with the growth in the NEV segment [24][25].

今天，比亚迪（002594）集团品牌及公关处总经理李云飞 在微博上宣布："同心守望，共克时艰！比亚迪捐赠1000万港元，紧急驰援香港大埔火灾救援！ " 官方表示，捐款将用于受灾居民医疗救助、紧急安置及灾后重建等工作。同时向所有奋战一线的消防及救援人员，致以最崇高的敬意！ D - 60 - 12 比亚迪捐赠1000万港元 紧急驰援香港大埔火灾救援 11月26日下午,香港新界大埔屋邨宏福苑多栋住宅楼 发生火灾,造成重大损失,牵动着社会各界的心。 比亚迪(香港)捐赠1000万港元,用于受灾居民医疗 救助、紧急安置及灾后重建等工作。同时,我们向所有奋 战一线的消防及救援人员,致以最崇高的敬意! 比亚迪将持续关注救援进展,与香港同胞同心守望, 共克时艰! 比亚迪 2025年11月27日 a M r 12 12 1 T HEND - 1 座 guille 7 the consisted on and and a NAMILE THERE . 44 Th or of the state fit ...

监管要求结合订单规模、市场价格竞争、额外成本等情况分析毛利率偏低且下降的原因，美德乐的解释 停留在概括性描述层面：将原因归结为向相关大型客户销售规模较大、价格竞争激烈，叠加2023年度和 2024年度市场竞争加剧的影响，且执行的部分大型项目因发生额外成本导致毛利率相对较低。这些解释 在逻辑上具有合理性，但由于缺乏具体数据的支撑，其说服力大打折扣。 美德乐在对监管问询的回复中，呈现了一个值得关注的现象：围绕其核心产品高精度输送系统的毛利率 分析，多处关键指标以"商业秘密"为由被隐去。 美德乐2022-2024年研发费用率分别为4.18%、4.26%、4.9%，显著低于行业均值（7.19%、7.10%、 7.66%）。截至2025年6月，研发人员214人，仅为可比公司怡合达（396人）的54%、先导智能（4512 人）的4.7%。 美德乐劳务外包金额从1.05亿元降至5657万元，但多家供应商成立当年即合作。生产人员减少27%却实 现人均产出增长34.4%，成本核算准确性遭质疑。验收周期从10个月延长至20个月，与被质疑是否存在 通过延长验收调节收入的嫌疑。 注：本文创作借助AI工具收集整理市场数据和行业信息撰写 ...

文 | 万联万象 全球储能市场正上演着一场激烈的霸主争夺战。 近日，行业咨询机构InfoLink发布了2025年前三季度全球储能系统出货排名，数据显示：特斯拉、阳光 电源、比亚迪、中车株洲所、华为位列前五。特斯拉在众多中企包围中，超越了此前的榜首阳光电源， 暂时位居第一。 2025年前三季度，全球储能系统出货量达到惊人的286.35GWh，同比激增84.7%，第三季度单季出货量 首次突破100GWh大关，创下历史新高。这一数据表明，在全球能源转型加速的背景下，储能产业正迎 来爆发式增长。 在全球碳减排的共识下，储能已成为各国能源战略的必争之地。市场份额的重新分配背后，是技术路 线、商业模式与市场策略的全面较量，也预示着全球储能产业格局将迎来新一轮洗牌。 01 中企集体崛起，特斯拉遭围攻 全球储能市场格局正在发生深刻变革，中国储能企业表现出惊人的集体爆发力，实现了从"跟跑"到"并 跑"再到"领跑"的历史性跨越。 根据InfoLink最新数据，2025年前三季度全球储能系统出货排名中，前十强有八家是中国企业，包括阳 光电源、比亚迪、中车株洲所、华为、海博思创、远景能源、电工时代和阿特斯；仅有两家美国企业。 这一数 ...

比亚迪：捐赠1,000万港元紧急驰援香港大埔火灾救援。 6, @比亚迪 ...