Core Insights - Dongfeng Group reported total revenue of approximately 90.999 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 19.38% [1] - The net loss attributable to the parent company's owners was approximately 1.882 billion yuan, which is a year-on-year increase of about 168% [1] Financial Performance - Total revenue reached approximately 90.999 billion yuan [1] - Year-on-year revenue growth was 19.38% [1] - Net loss attributable to the parent company was approximately 1.882 billion yuan [1] - The net loss increased by approximately 168% compared to the previous year [1]

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。 DONGFENG MOTOR GROUP COMPANY LIMITED* 東風汽車集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：489） 有關於全國銀行間債券市場發行之債券的公告 本 公 司 於 中 華 人 民 共 和 國（「中 國」）全 國 銀 行 間 債 券 市 場 發 行 若 干 債 務 工 具。 根 據 中 國 相 關 法 律 法 規， 於 該 等 債 務 工 具 存 續 期 間， 本 公 司 須 於 相 關 季 度 結 束 後 一 個 月 內 刊 發 未 經 審 計 季 度 報 告（「 未經審 計季度報告」）。截 至 二零二五年九月三十日 止 九個月 之未經審計季 度報告，載 列 本 集 團 及 本 公 司（不 包 括 其 附 屬 公 司）作 為 母 公 司 截 至 二零二五年九月三十日 止 九個 ...

Core Viewpoint - Dongfeng Group plans to sell 50% stake in Dongben Engine to GAC Honda for approximately RMB 1.172 billion (around HKD 1.29 billion) as part of its strategy to optimize fuel vehicle asset structure and accelerate transition to the new energy sector [1] Group 1 - The sale is scheduled for October 30, 2025 [1] - The decision is influenced by the increasingly competitive landscape of the Chinese automotive industry [1] - The transaction aligns with the company's strategic planning for future growth [1]

Core Viewpoint - Dongfeng Group plans to sell a 50% stake in Dongben Engine to GAC Honda for approximately RMB 1.172 billion (around HKD 1.29 billion) by October 30, 2025, as part of its strategy to optimize its fuel vehicle asset structure and accelerate its transition to the new energy sector [1] Group 1 - The sale is a response to the increasingly competitive landscape of the Chinese automotive industry [1] - The transaction aligns with the company's strategic planning to adjust its fuel vehicle assets [1] - The divestment will facilitate the company's shift towards new energy vehicles [1]

Group 1 - The core point of the article is that Dongfeng Group has agreed to sell a 50% stake in Dongben Engine to GAC Honda for approximately RMB 1.172 billion (around HKD 1.29 billion) as part of its strategy to optimize its fuel vehicle asset structure and accelerate its transition to the new energy sector [1][1][1] Group 2 - The transaction will be conducted through a public bidding process at the Guangdong United Property Rights Exchange, which is a public asset and equity trading platform in China [1] - The decision to sell is influenced by the increasingly competitive landscape of the Chinese automotive industry [1] - The sale aligns with the company's strategic planning to enhance its focus on new energy vehicles [1]

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之 任 何 損 失 承 擔 任 何 責 任。 DONGFENG MOTOR GROUP COMPANY LIMITED* 東風汽車集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：489） 關連交易 出售東本發動機50%股 權 出售東本發動機50%股 權 董 事 會 欣 然 宣 佈，於 二 零 二 五 年 十 月 三 十 日（交 易 時 段 後），本 公 司 與 廣汽本田訂立 產權交易合同，據 此，本 公 司 同 意 出 售 且 廣 汽 本 田 同 意 收購東本發動機50%股權，對價為約人民幣11.72億元（約合港幣12.90億元）。 該 交 易 通 過 廣 東 聯 合 產 權 交 易 中 心（為 中 國 一 個 公 開 的 資 產 及 權 益 交 易 平 台）以 公 開 掛 牌 招 標 程 式 進 行。 上市規則涵義 於 本 公 告 日 期，本 田 及 其 ...

Core Viewpoint - Morgan Stanley has raised the revenue forecast for Dongfeng Group (00489) for the fiscal year 2025 by 15%, driven by recent sales trends and management guidance, with sales volume expected to reach 150,000 units [1] Group 1: Revenue and Sales Forecast - The sales volume estimate has been adjusted to 150,000 units for 2025, reflecting a positive outlook based on management's guidance [1] - The average selling price has increased by 7% according to the report for the first seven months of 2025 [1] Group 2: Management Insights - Key points from the management meeting indicate that most existing models will be upgraded in 2025, supporting the sales target of 150,000 units and maintaining stable average selling prices [1] - Management aims for a year-on-year sales growth of 50% to 80% in 2026, benefiting from the launch of a new six-seat SUV in 2025 and additional SUV/MPV models in 2026 [1] Group 3: Production Capacity and Technology - New production capacity set to be released in the first half of 2026 will assist in achieving the sales targets [1] - Lantu will enhance revenue through external technical support, although there is currently no clear timeline for an IPO [1]

Core Viewpoint - Morgan Stanley has raised the revenue forecast for Dongfeng Group (00489) for the fiscal year 2025 by 15%, driven by recent sales trends and management guidance, with sales volume expected to reach 150,000 units [1] Group 1: Revenue and Sales Forecast - The sales volume estimate has been increased to 150,000 units for 2025 [1] - The average selling price has increased by 7% based on the report for the first seven months of 2025 [1] - The target price has been adjusted from HKD 10.65 to HKD 11.24, maintaining an "Overweight" rating [1] Group 2: Management Insights and Future Plans - Key points from the management meeting indicate that most existing models will be upgraded in 2025, supporting the sales target of 150,000 units and stable average selling prices [1] - Management aims for a year-on-year sales growth of 50% to 80% in 2026, benefiting from the launch of a new six-seat SUV in 2025 and SUV/MPV models in 2026 [1] - New production capacity to be released in the first half of 2026 will assist in achieving sales targets [1] Group 3: External Support and Market Position - Lantu will enhance revenue through external technical support, although there is currently no clear timeline for an IPO [1]

Core Viewpoint - Morgan Stanley has raised Dongfeng Motor Group's revenue forecast for the fiscal year 2025 by 15%, driven by recent sales trends and management guidance, with sales expectations adjusted to 150,000 units [1] Group 1: Revenue and Sales Forecast - The average selling price has increased by 7% based on the report for the first seven months of 2025 [1] - The target price for Dongfeng Motor Group has been increased from HKD 10.65 to HKD 11.24, with a rating of "Overweight" [1] Group 2: Management Insights - Key points from the management meeting indicate that most existing models will be upgraded by 2025, supporting the sales target of 150,000 units and stable average selling prices [1] - Management aims for a year-on-year sales growth of 50% to 80% by 2026, benefiting from the launch of a new six-seat SUV in 2025 and SUV/MPV models in 2026 [1] Group 3: Production Capacity and Technology - New production capacity to be released in the first half of 2026 will assist in achieving sales targets [1] - Lantu will enhance revenue through external technical support, although there is currently no clear timeline for an IPO [1]

完 2025 年 10 月 14 日 透過合併進行私有化 就東風汽車集團股份有限公司的股份的交易披露 執行人員接獲依據香港《公司收購及合併守則》規則 22 作出以下的證券交易的披露： | 交易方 | 日期 | | | 有關證券的說 | 產品說明 | 交易性質 | 與衍生工具有 | 到期日或清結 | | 參考價 | | 已支付／已收取 | 交易後數額（包 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 明 | | | 關的參照證券 | 日 | | | | 的總金額 | 括與其訂有協議 | | | | | | | | | | 數目 | | | | | | 或達成諒解的任 | | | | | | | | | | | | | | | | 何人士的證券） | | | CICC | 2025 | 年 | 10 月 | 衍生工具 | 其他類別產品 | 清結衍生工具合約 | 1,000,000 | 2025 年 | 10 月 | | $9.3223 | $9,32 ...