Sales Performance - In February 2025, Changan Automobile sold 161,435 vehicles, with 39,650 of those being new energy vehicles, representing a year-on-year increase of 68.4% [1] - Overseas sales in February reached 47,521 units, showing a year-on-year growth of 15.5% [1] - Breakdown of sales by brand: - Changan Inertia: 69,143 units - Changan Qiyuan: 7,931 units (cumulative deliveries exceeded 200,000) - Changan Kaicheng: 19,294 units - Deep Blue: 18,738 units - Avita: 5,182 units - Changan Ford: 11,991 units - Changan Mazda: 3,800 units [1] Product Highlights - The Qiyuan Q07 is positioned as a family-oriented smart SUV, featuring dimensions of 4,837mm x 1,920mm x 1,690mm and a wheelbase of 2,905mm, offering the largest interior space in its class with a space utilization rate of 86% [2] - The Q07 includes a 763L dual-layer trunk capable of holding 12 pieces of 20-inch luggage and has 33 storage compartments [2] - It is built on the SDA architecture and features the only laser radar in its class, enabling advanced driving assistance functions [2] - The Q07 is equipped with a unique CDC intelligent suspension system and a new Blue Whale 3.0 hybrid system, achieving a thermal efficiency of 44.28% and a fuel consumption of 3.9L/100km (NEDC) [2] Battery Development - Changan is advancing its next-generation battery research, with the solid-state battery expected to debut by the end of 2025, followed by vehicle verification in 2026 and gradual mass production in 2027 [3] - The solid-state battery will have an energy density of 400wh/kg and a range exceeding 1,500 km, improving safety by 70% through AI remote diagnostics [3] Global Expansion Plans - Changan's "Sea of Stars" global strategy aims to enhance local operational capabilities and contribute to local economies [4] - Key initiatives for 2025 include: - Launching the Rayong factory in Southeast Asia, marking the entry into the 2.0 phase of globalization - Hosting a brand launch in Europe - Initiating KD projects in the CIS region (e.g., Kazakhstan, Uzbekistan) - Establishing a subsidiary in Brazil - Fully introducing the CHANGAN, DEEPAL, and AVATR brands in the Middle East and Africa [4][5]

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．公司 A 股限制性股票激励计划首次授予部分第三个解除限售期符合解除限售 条件的激励对象共计 1,132 人，本次申请解除限售的激励对象共计 1,118 人，解除限 售的限制性股票数量为 41,323,353 股，占目前公司总股本的 0.4168%。 2．本次解除限售股份上市流通日：2025 年 3 月 5 日。 证券代码：000625(200625) 证券简称：长安汽车（长安 B） 公告编号：2025-14 重庆长安汽车股份有限公司 关于 A 股限制性股票激励计划首次授予部分第三个解除限售期 解除限售股份上市流通的提示性公告 一、A 股限制性股票激励计划已履行的相关审批程序 1．2020 年 7 月 13 日，公司第八届董事会第二次会议、第八届监事会第二次会 议审议通过了《关于审议<公司 A 股限制性股票激励计划（草案）>及其摘要的议案》 《关于审议<公司 A 股限制性股票激励计划实施考核管理办法>的议案》等议案。公 司独立董事就激励计划发表了同意的独立意见。 2．2020 年 7 月 29 日至 ...

关于联营企业对外投资的进展公告 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 陈述或者重大遗漏。 一、项目概述 2023年11月25日，重庆长安汽车股份有限公司（以下简称"长安汽车"）与华为 技术有限公司（以下简称"华为"）签署了《投资合作备忘录》，华为拟设立一家从 事汽车智能系统及部件解决方案研发、设计、生产、销售和服务的公司（以下简称"目 标公司"），长安汽车及其关联方拟投资该目标公司并开展战略合作，双方共同支持 目标公司成为立足中国、面向全球、服务产业的汽车智能系统及部件解决方案产业领 导者。详细内容见长安汽车于2023年11月27日披露的《关于签署<投资合作备忘录> 的公告》（公告编号：2023-80）。2024年1月16日，华为已完成目标公司的注册，名 称为深圳引望智能技术有限公司（以下简称"引望"）。 证券代码：000625(200625) 证券简称：长安汽车（长安 B） 公告编号：2025-13 重庆长安汽车股份有限公司 2．第二期转让价款支付情况 截至本公告披露日，《股权转让协议》约定的第二期付款先决条件已满足，各方 确定以2025年2月28日为本次交易的交割 ...

Group 1: Battery Development - Changan Automobile is advancing the next-generation battery research, with the all-solid-state battery expected to debut by the end of 2025, achieving vehicle installation certification by 2026, and gradual mass production by 2027 [1] - The all-solid-state battery will have an energy density of 400 wh/kg, providing a range of over 1500 km on a full charge, significantly alleviating range anxiety [1] - Safety improvements of 70% are anticipated through AI remote diagnostics, addressing safety concerns associated with liquid batteries [1] Group 2: New Product Planning - Over the next three years, Changan plans to launch 35 new smart vehicles, including 10 models from Changan Qiyuan (small SUVs, medium SUVs, and MPVs), 10 models from Deep Blue (compact sedans and large SUVs), and 7 models from Avita (mid-to-large SUVs and sedans) [1] Group 3: Global Market Strategy - In 2025, Changan will implement its "Haina Baichuan" global strategy, focusing on long-termism and localism, with five key regional operational capabilities [2] - Specific plans include the launch of the Rayong factory in Southeast Asia, a brand launch event in Europe, production of KD projects in the CIS region, establishment of a subsidiary in Brazil, and full introduction of brands in the Middle East and Africa [2] - Avita 11 and Avita 12 were launched in Qatar on February 22, enhancing Avita's presence in the Middle East [2] Group 4: Smart Technology Development - Changan is prioritizing smart technology investments, with initiatives under the SDA platform and Tian Shu model, including intelligent driving ("Tian Shu Smart Drive"), intelligent cockpit ("Tian Yu Cockpit"), and intelligent control chassis ("Tian Heng Chassis") [2][3] - The company aims to provide extreme safety with advanced perception capabilities, launching features like collision avoidance in extreme conditions and night vision capabilities in August [3] - The intelligent cockpit will achieve 100% AI penetration, with the Tian Shu model enabling natural language understanding for enhanced user interaction [3]

证券代码：000625(200625) 证券简称：长安汽车（长安 B） 公告编号：2025-11 重庆长安汽车股份有限公司 关于 A 股限制性股票激励计划第三个解除限售期 解除限售条件成就的公告 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．本次符合解除限售条件的激励对象共计 1,466 人，可解除限售的限制性股票 数量为 49,822,209 股，占目前公司总股本的 0.5025%，具体以中国证券登记结算有限 责任公司深圳分公司实际登记数量为准。 2．本次限制性股票在相关部门办理完解除限售手续后、上市流通前，公司将发 布相关提示性公告，敬请投资者注意。 重庆长安汽车股份有限公司（以下简称"公司"）于 2025 年 2 月 21 日召开第九 届董事会第三十八次会议、第九届监事会第十一次会议，审议通过了《关于 A 股限 制性股票激励计划第三个解除限售期解除限售条件成就的议案》，公司 A 股限制性 股票激励计划首次授予部分和预留授予部分第三个解除限售期解除限售条件已成就。 现就有关事项公告如下： 一、已履行的相关审批程序 1．2020 年 7 月 ...

证券代码：000625(200625) 证券简称：长安汽车（长安 B） 公告编号：2025-12 详细内容见同日披露于巨潮资讯网（www.cninfo.com.cn）及《中国证券 报》《证券时报》《证券日报》《上海证券报》的《关于 A 股限制性股票激 励计划第三个解除限售期解除限售条件成就的公告》（公告编号：2025-11）。 特此公告。 重庆长安汽车股份有限公司 重庆长安汽车股份有限公司监事会 第九届监事会第十一次会议决议公告 表决结果：同意 4 票，反对 0 票，弃权 0 票。 经核查，监事会认为：公司 A 股限制性股票激励计划首次授予部分和预 留授予部分第三个解除限售期解除限售条件已经成就，本次可解除限售的激励 对象主体资格合法、有效，符合公司《A 股限制性股票激励计划（草案修订稿）》 （以下简称"《激励计划》"）规定的解除限售条件，审议程序合法、合规。 我们同意公司按照《激励计划》相关规定对符合解除限售条件的 1,466 名激励 对象持有的 49,822,209 股限制性股票（以中国证券登记结算有限责任公司深圳 分公司实际登记数量为准）办理解除限售相关事宜。 本公司及监事会全体成员保证信息披露的内容真 ...

重庆长安汽车股份有限公司 第九届董事会第三十八次会议决议公告 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 2025 年 2 月 21 日召开第九届董事会第三十八次会议，会议通知及 文件于 2025 年 2 月 20 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 10 人，因董事长朱华荣先生、董事王俊先生、张 德勇先生属于公司限制性股票激励计划受益人，对议案回避表决。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。 会议以书面表决方式审议通过了《关于 A 股限制性股票激励计划第三个解除 限售期解除限售条件成就的议案》。 表决结果：同意 10 票，反对 0 票，弃权 0 票。 证券代码：000625(200625) 证券简称：长安汽车（长安 B） 公告编号：2025-10 本议案已经公司董事会提名与薪酬考核委员会审议通过。 详细内容见同日披露于巨潮资讯网（www.cninfo.com.cn）及《中国证券 报》《证券时报》《证券日报》《上海证券报》的《关于 A 股限制性股票激 励计划第三个 ...

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 76.72 billion, representing a 17.15% increase compared to CNY 65.49 billion in the same period last year[17]. - The net profit attributable to shareholders decreased by 63.00% to CNY 2.83 billion from CNY 7.65 billion year-on-year[17]. - The net cash flow from operating activities fell by 50.61% to CNY 3.44 billion, down from CNY 6.96 billion in the previous year[17]. - Basic earnings per share dropped by 62.82% to CNY 0.29, compared to CNY 0.78 in the same period last year[17]. - The total assets at the end of the reporting period were CNY 187.32 billion, a decrease of 1.50% from CNY 190.17 billion at the end of the previous year[17]. - The company reported a decrease in the weighted average return on net assets to 3.94%, down from 11.70% in the previous year[17]. - The company recognized non-recurring gains and losses totaling CNY 1.66 billion during the reporting period[22]. - The cost of goods sold increased by 20.70% to ¥66.13 billion, up from ¥54.79 billion, resulting in a gross margin decrease of 2.54%[46]. - Sales expenses rose by 34.98% to ¥3.08 billion, primarily due to increased sales volume and related service costs[40]. - The company reported a net cash flow from operating activities of ¥3.44 billion, a decrease of 50.61% from ¥6.96 billion in the previous year, mainly due to increased payments to suppliers[40]. - The company achieved a 119.23% increase in other income, totaling ¥1.44 billion, attributed to tax incentives and government subsidies[40]. - The company reported a total investment of 1,605,458,600.00 CNY for the new energy product transformation project, with an actual investment of 1,627,591,300 CNY, achieving an investment progress of 101.38%[70]. Market Performance - In the first half of 2024, the company achieved a sales volume of 1.334 million vehicles, representing a year-on-year growth of 9.7%[28]. - The company's new energy vehicle sales reached 299,000 units, a significant increase of 69.9% year-on-year, while overseas sales of its self-owned brands grew by 74.9% to 203,000 units[28]. - The overall automotive market in China saw a total sales volume of 14.047 million vehicles in the first half of 2024, with a year-on-year growth of 6.1%[27]. - New energy vehicle sales in the first half of 2024 reached 4.944 million units, marking a 32.0% increase year-on-year, with a market share of 39.2% in the passenger vehicle segment[27]. - The automotive export volume reached 2.793 million units in the first half of 2024, reflecting a year-on-year growth of 30.5%[27]. Strategic Initiatives - The company is focusing on risk management strategies as outlined in the management discussion and analysis section of the report[5]. - The company is advancing its "Shangri-La" plan to master key core technologies, including the launch of the "New Blue Whale Power" system, which integrates engine, motor, and control technologies[29]. - The company is accelerating its global expansion with the "Haina Baichuan" plan, establishing sales channels in key regions such as Thailand[30]. - The company has implemented innovative talent management strategies to optimize its organizational structure and enhance operational efficiency[34]. - The company aims to enhance operational quality by focusing on revenue growth, cost reduction, and improving operating cash flow[77]. - The company is committed to accelerating product innovation and technology upgrades to address increasing market competition and evolving consumer demands[74]. Environmental Responsibility - The company has been compliant with environmental regulations and standards in its operations, ensuring legal compliance[97]. - The company produced general industrial solid waste of 9,397.832 tons, with 9,208.322 tons utilized and disposed of[101]. - The wastewater discharge of chemical oxygen demand was 32.95 tons/year, with a concentration of 0.85 mg/L, complying with the "Comprehensive Discharge Standard for Wastewater"[103]. - The company has implemented legal disposal measures for hazardous waste generated across all factory areas[105]. - The company has disclosed its environmental information through the provincial environmental information disclosure systems[111]. - The company continues to monitor and improve its environmental impact as part of its operational strategy[109]. - In the first half of 2024, Changan Automobile achieved a 7% reduction in carbon emissions intensity per vehicle manufactured compared to the full year of 2023[120]. - The company has installed 140MW of solar power stations across various bases, consuming approximately 41 million kWh of green electricity, resulting in a carbon reduction of 37,000 tons[120]. - Changan Automobile has committed to achieving peak carbon emissions by 2027 and carbon neutrality by 2045[119]. Investor Relations - The company emphasizes maintaining a good relationship with investors through various interactive mechanisms, including strategy meetings and live broadcasts of performance briefings[78]. - The 2023 performance briefing showcased the company's steady transformation and improved operational quality, effectively communicating its value to investors[78]. - The company plans to hold the 2024 semi-annual performance briefing on September 2, 2024, from 15:00 to 16:00, inviting investors to participate[78]. - The company has conducted multiple investor relations activities, including on-site research and online communication, to enhance investor understanding of its strategic developments[79]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 608,321[161]. - The largest shareholder, China Changan Automobile Group Co., Ltd., holds 17.98% of the shares, totaling 1,783,090,143 shares[162]. - The second-largest shareholder, China Ordnance Equipment Group Co., Ltd., holds 14.23% of the shares, totaling 1,410,747,155 shares[162]. - The total number of restricted shares at the beginning of the period was 104,266,260, with 43,135,948 shares released during the period[159]. - The company did not experience any changes in its controlling shareholder during the reporting period[166]. Financial Ratios - The company's current ratio is 1.26, a decrease of 0.79% compared to the previous year[178]. - The debt-to-asset ratio stands at 60.49%, down by 0.24% from the end of last year[178]. - The interest coverage ratio has decreased significantly to 44.61, down 75.45% from the previous year[178]. - Cash interest coverage ratio is 86.92, a decline of 53.99% year-on-year[178].

Financial Performance - The company's operating revenue for 2023 reached ¥151.30 billion, representing a 24.78% increase compared to ¥121.25 billion in 2022[14]. - Net profit attributable to shareholders for 2023 was ¥11.33 billion, a 45.25% increase from ¥7.80 billion in 2022[14]. - The net profit excluding non-recurring gains and losses was ¥3.78 billion, showing a 16.19% decrease from ¥4.46 billion in 2022[14]. - The net cash flow from operating activities surged to ¥19.86 billion, a remarkable increase of 250.52% compared to ¥5.67 billion in 2022[14]. - Basic earnings per share for 2023 were ¥1.15, up 43.75% from ¥0.80 in 2022[14]. - Total assets at the end of 2023 amounted to ¥190.17 billion, reflecting a 30.21% increase from ¥146.05 billion at the end of 2022[15]. - Net assets attributable to shareholders reached ¥71.85 billion, a 14.31% increase from ¥62.86 billion at the end of 2022[15]. - The company's total revenue for 2023 reached ¥151.30 billion, representing a year-on-year increase of 24.78%[53]. - The net profit attributable to shareholders was ¥11.33 billion, with a year-on-year growth of 45.25%[53]. - The company reported a significant increase in annual revenue, reaching CNY 100 billion, representing a year-on-year growth of 15%[104]. Dividend Distribution - The company plans to distribute a cash dividend of 3.43 CNY per 10 shares, based on a total share capital of 9,917,289,033 shares[3]. - The cash dividend amount increased by 45.31% year-on-year, reflecting the company's commitment to sharing development results with investors[106]. - The total distributable profit for the company was 44,297,589,798.86 CNY, with the cash dividend accounting for 100% of the profit distribution[155]. - The company announced a cash dividend of 3.43 CNY per 10 shares, totaling 3,401,630,138.32 CNY for the reporting period[153]. Market Performance - In 2023, Changan Automobile achieved a total sales volume of 2.553 million vehicles, representing a year-on-year growth of 8.8%[25]. - The company's sales of new energy vehicles reached 474,000 units, marking a significant increase of 74.8% compared to the previous year[25]. - Changan's export volume reached 358,000 vehicles, which is a year-on-year growth of 43.9%[25]. - The overall automotive market in China saw a total sales volume of 30.094 million vehicles, with a year-on-year growth of 12.0%[21]. - The new energy vehicle segment in China achieved sales of 9.495 million units, reflecting a robust year-on-year growth of 37.9%[22]. - The penetration rate of new energy vehicles in China reached 35.7% in 2023, while traditional fuel vehicles still held a 64.3% market share[95]. Strategic Initiatives - The company has established various subsidiaries and joint ventures, including Changan Ford and Changan Mazda, to enhance its market presence[6]. - Changan's strategic plans include the "Shangri-La" plan for new energy, the "Beidou Tianshu" plan for intelligence, and the "Haina Baichuan" plan for globalization[25]. - The company aims to enhance its international brand influence through initiatives like the "Belt and Road Global Tour" in collaboration with Xinhua News Agency[35]. - The company is focusing on dual enhancement strategies for both new energy and fuel vehicles, as well as domestic and international markets[95]. - The company is implementing a "Haina Baichuan" plan to enhance its international competitiveness and manage overseas operational risks[100]. Research and Development - The company holds a total of 9,322 patents, including 2,704 invention patents, showcasing its strong R&D capabilities[51]. - The total R&D investment for 2023 was CNY 9,007,550,532.89, representing a 58.64% increase from CNY 5,677,807,968.36 in 2022, with R&D investment accounting for 5.95% of operating revenue[68]. - The number of R&D personnel increased by 38.90% to 10,972 in 2023, up from 7,899 in 2022, with a notable rise in the proportion of personnel holding master's degrees by 67.03%[66]. - The company is investing in research and development, with a budget allocation of around 5% of total revenue to foster innovation in vehicle technology[121]. Environmental Initiatives - The company has established photovoltaic power stations with a total capacity of approximately 79 MW, generating 57.6 million kWh of green electricity, leading to a carbon reduction of 50,000 tons[194]. - The company has implemented self-monitoring plans for key pollutant sources, ensuring compliance with regulatory requirements[192]. - The company has developed over 100 core low-carbon technologies, achieving a 6.5% year-on-year reduction in average carbon emissions per vehicle[195]. - The company achieved a 2.36% year-on-year reduction in carbon emissions per vehicle manufactured and a 6.25% reduction in carbon emissions per unit produced[194]. Corporate Governance - The company has established independent financial accounting departments and systems, ensuring separate financial decision-making from its controlling shareholders[110]. - The company has implemented a series of governance improvements, including updates to its articles of association and management rules, to enhance decision-making efficiency[108]. - The board of directors attended a total of 25 meetings, with an average attendance rate of 88% across all members[140]. - The company has maintained compliance with legal and regulatory requirements, ensuring that all board activities align with corporate governance standards[143]. Employee Management - The total number of employees at the end of the reporting period is 49,117, including 33,275 at the parent company and 15,842 at major subsidiaries[149]. - The company has a structured remuneration decision-making process based on performance targets and board approval[136]. - The company aims to enhance its performance-based compensation system, focusing on "performance-driven, results-oriented" principles[150]. - In 2024, the employee training plan will focus on "strategic guidance, systematic transformation, extreme efficiency, and innovative breakthroughs" to support the company's transition to a smart low-carbon travel technology company[151].

Revenue and Profitability - The company's revenue for Q1 2023 was approximately ¥34.56 billion, a slight decrease of 0.06% compared to ¥34.58 billion in Q1 2022[3] - Net profit attributable to shareholders increased by 53.65% to approximately ¥6.97 billion from ¥4.54 billion in the same period last year[3] - Operating profit increased to CNY 6.85 billion in Q1 2023, up from CNY 4.52 billion in Q1 2022, marking a growth of 51.6%[21] - The company reported a total comprehensive income of CNY 6.68 billion, compared to CNY 4.53 billion in the previous year, an increase of 47.2%[22] Cash Flow and Liquidity - The net cash flow from operating activities surged by 339.81% to approximately ¥3.38 billion, compared to ¥769.27 million in Q1 2022[3] - Cash generated from operating activities was CNY 34.25 billion, compared to CNY 29.99 billion in Q1 2022, indicating a growth of 14.9%[24] - The cash and cash equivalents increased by 551.03% to approximately ¥8.08 billion, attributed to the acquisition of Deep Blue Automotive and the maturity of notes[9] - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 60,571,409,295.01, an increase from CNY 47,726,459,231.18 at the end of Q1 2022[26] - The total cash inflow from operating activities was CNY 37,279,004,229.92, compared to CNY 31,497,229,906.83 in Q1 2022, showing an increase of approximately 18%[25] Assets and Liabilities - Total assets increased by 19.21% to approximately ¥174.11 billion from ¥146.05 billion at the end of the previous year[3] - Total current liabilities rose to ¥90,307,032,933.02 from ¥75,359,354,362.04, marking an increase of 19.9%[17] - Total liabilities increased to CNY 100.29 billion from CNY 83.10 billion, representing a rise of 20.7%[20] - The company’s goodwill increased significantly to ¥1,813,016,240.90 from ¥9,804,394.00, indicating a substantial rise[17] Investment and R&D - The company recognized investment income of approximately ¥4.96 billion, a 121.54% increase, mainly due to the revaluation of its equity in Deep Blue Automotive[8] - The company’s R&D expenses increased by 41.67% to approximately ¥1.36 billion, reflecting higher investment in research and development[8] - Research and development expenses rose to CNY 1.36 billion, up from CNY 961.53 million, reflecting a year-over-year increase of 41.7%[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 736,208[11] - The largest shareholder, China Changan Automobile Group Co., Ltd., holds 17.97% of shares, totaling 1,783,090,143 shares[11] - The company increased its stake in Deep Blue Automotive from 40.66% to 51.00%, effective from February 2023, and included in the consolidated financial statements[13] Inventory and Goods - The company reported a significant increase in inventory by 61.86% to approximately ¥9.43 billion, primarily due to the acquisition of Deep Blue Automotive and increased overseas sales[8] - Inventory as of March 31, 2023, reached ¥9,425,838,483.86, compared to ¥5,823,307,512.90 at the beginning of the year, indicating a growth of 62.5%[16] - The cash paid for purchasing goods and services was CNY 25,584,540,659.85, up from CNY 23,360,686,159.50 in the previous year, indicating a rise of about 9.5%[25] Financial Reporting - The company did not report any audited financial results for Q1 2023[27]