FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 吉利汽車控股有限公司 FF305 | 2). | | | 就根據股份計劃授予參與人（發行人的董事除外）的股份獎勵或期權 | 45,000 | 0.00044 % | HKD | 9.56 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 而發行新股或轉讓庫存股份 - 涉及新股 | | | | | | | | | | | | 於2025年12月11日因關連實體參與者根據認股權計劃(於2023年4月 | | | | | | | | 28日獲採納)行使認股權而發行之普通股股份 | | | | | | | | | | 變動日期 | 2025年12月11日 | | | | | | | | | 於下列日期結束時的結存 (註5及6) | | 2025年12月11日 | 10,119,935,786 | | 0 | | 10,119,935,786 | | | | | B. 贖回/購回股份 (擬註 ...

吉利汽车回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.12.10 | 153.70 | 17.820 | 17.440 | 2713.61 | | 2025.12.09 | 163.40 | 17.910 | 17.420 | 2870.26 | | 2025.12.08 | 153.40 | 17.910 | 17.510 | 2711.69 | （文章来源：证券时报网） 证券时报·数据宝统计，吉利汽车在港交所公告显示，12月10日以每股17.440港元至17.820港元的价格回 购153.70万股，回购金额达2713.61万港元。该股当日收盘价17.680港元，上涨0.97%，全天成交额5.28 亿港元。 自12月8日以来公司已连续3日进行回购，合计回购470.50万股，累计回购金额8295.56万港元。 其间该 股累计上涨1.78%。（数据宝） ...

Core Viewpoint - Geely Automobile Holdings Limited is finalizing the privatization of Zeekr Intelligent Technology Holdings Limited, marking the completion of the "One Geely" strategy [1] Group 1: Privatization Details - Approximately 70.8% of eligible Zeekr shareholders opted for share consideration, resulting in the issuance of 777,228,611 shares by Geely [3] - About 29.2% of eligible Zeekr shareholders chose or are deemed to have chosen cash consideration, leading to a total cash payment of approximately $701 million by Geely [3] - Each Zeekr share can be exchanged for $2.687 in cash or 1.23 shares of Geely, while each Zeekr American Depositary Share can be exchanged for $26.87 in cash or 12.3 shares of Geely [3] Group 2: Strategic Implications - The merger is expected to be completed by December 29, 2025, allowing Geely to leverage Zeekr's position in the global luxury electric vehicle market [3] - Post-merger, Geely aims to cover mainstream, mid-to-high-end, and luxury segments, creating a diverse power system that includes fuel, pure electric, plug-in hybrid, and hydrogen electric vehicles [3] - The merger is anticipated to enhance Geely's cost advantages, brand competitiveness, and global market influence [4] Group 3: Financial Performance - For the first three quarters of 2025, Geely reported revenue of 239.5 billion yuan, a year-on-year increase of 26% [4] - Core net profit attributable to shareholders reached 10.62 billion yuan, reflecting a 59% year-on-year growth [4] - As of September 30, 2025, Geely's total cash level was 60.1 billion yuan, with a net cash level of 45.2 billion yuan, ensuring ample cash reserves for long-term development [4]

相关事件 格隆汇12月10日丨吉利汽车(00175.HK)发布公告，2025年12月10日耗资2713.61万港元回购153.7万股， 回购价格每股17.44-17.82港元。 吉利汽车(00175.HK)12月10日耗资2713.61万港元回购153.7万股 吉利汽车(00175.HK)12月9日耗资 2870.26万港元回购163.4万股 ...

吉利汽车(00175)公布，2025年12月10日耗资约2713.61万港元回购153.7万股股份。 ...

智通财经APP讯，吉利汽车(00175)公布，2025年12月10日耗资约2713.61万港元回购153.7万股股份。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 吉利汽車控股有限公司 呈交日期： 2025年12月10日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00175 | 說明 | | | | | | | | 多櫃檯證券代號 | 80175 | RMB 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份） ...

招银国际发布研报称，中国乘用车零售销量和批发销量在2025年均有望实现历史新高，强于市场在去年 底的预期。2026年，考虑到"以旧换新"补贴和购置税减免优惠退坡，汽车行业或将呈现更为复杂的格 局，相较于部分投资者对行业销量放缓的担忧，更应该关注2026年中国汽车行业的竞争烈度与电池涨价 风险。整车板块首选吉利汽车(00175)，基本面扎实、估值具有吸引力。 招银国际主要观点如下： 汽车行业韧性或强于市场预期 尽管面临置换补贴退坡和新能源车购置税优惠减半，该行预计2026年中国乘用车零售销量同比有望基本 持平，同时得益于出口的增长，批发量或同比增长2.9%。相较于大部分投资者的预期，该行对中国汽 车销售韧性的判断更为积极，且不排除若2026上半年汽车销量疲软，政府出台新刺激政策的可能性。在 大量新车型推动下，该行预计2026年中国新能源乘用车的零售销量将同比增长15.5%至1,493万台，市占 率提升至61.8%。新能源乘用车批发量预计同比增长18.5%至1,850万台(市占率59.2%)，主要受益于中国 新能源车出口量有望保持较高增长(同比增40%)，也将拉动海外新能源渗透率的提升。 考虑到2026年新车型发 ...

Core Viewpoint - The Chinese passenger car retail and wholesale sales are expected to reach historical highs in 2025, surpassing market expectations from last year [1] Group 1: Industry Resilience - The automotive industry is anticipated to be more resilient than market expectations, with retail sales in 2026 expected to remain stable year-on-year despite the reduction of replacement subsidies and halving of new energy vehicle purchase tax incentives [2] - Wholesale volume is projected to grow by 2.9% year-on-year in 2026, supported by an increase in exports [2] - The report suggests that if sales are weak in the first half of 2026, there is a possibility of new government stimulus policies being introduced [2] Group 2: Market Trends and Competition - The competition in the Chinese automotive industry is expected to intensify in 2026 due to a record number of new model releases, with some companies benefiting from aggressive pricing strategies [3] - Chinese brands are expected to continue increasing their market share, while foreign brands will launch more localized new energy models [3] - The demand for energy storage batteries is expected to improve, leading to a rise in battery prices, which may impact automaker profit margins [3] - Plug-in hybrid electric vehicles (PHEVs) are anticipated to regain growth momentum in 2026 due to the introduction of new models and the reduction of subsidies [3] Group 3: New Energy Vehicle Landscape - The competition in the new energy vehicle sector is expected to enter a new phase in the second half of 2026, with valuation premiums between new players and traditional automakers likely to narrow [4] - The competitive landscape will expand beyond vehicle manufacturing to include AI applications, such as Robotaxi and robotics [4] - Foreign brands are expected to accelerate the launch of new energy models, gaining a deeper understanding of the Chinese market [4] Group 4: Investment Recommendations - The preferred stock in the automotive sector is Geely Automobile, which has solid fundamentals and attractive valuations, with potential for continued growth in new energy vehicle sales [5] - The high-margin models expected to launch in the second half of 2025, along with accelerated new energy exports, are likely to boost profit margins for Geely [5] - In the battery sector, attention is drawn to the new player, Zhengli New Energy, which has achieved industry-leading profit margins due to its efficient operations and is expected to benefit from an optimized customer structure and potential battery price increases [5]

Core Viewpoint - Geely Automobile's privatization of Zeekr marks a significant step in its "One Geely" strategy, aiming for deep internal resource integration and a comprehensive brand matrix [1][4]. Summary by Sections Privatization Process - The privatization transaction has successfully completed the price selection process, with approximately 70.8% of eligible Zeekr shareholders opting for stock compensation, receiving a total of 777 million shares of Geely [2]. - The remaining 29.2% chose cash compensation, amounting to approximately $701 million [2]. - The exchange ratio for Zeekr shares is set at $2.687 in cash or 1.23 shares of Geely per share of Zeekr, reflecting an 18.9% premium over the last trading day before the non-binding offer [2]. Financing Arrangement - To secure the cash compensation, Geely plans to establish a short-term financing agreement not exceeding $420 million, expected to be signed within a month [3]. Strategic Integration - The privatization aligns with Geely's "Taizhou Declaration," focusing on resource integration and efficiency [4]. - Post-merger, Geely will leverage Zeekr's position in the luxury electric vehicle market, enhancing its technology, product offerings, and supply chain capabilities [4]. - Geely aims to cover mainstream, mid-to-high-end, and luxury segments, creating a diverse powertrain system including fuel, pure electric, hybrid, and hydrogen vehicles [4]. Technological Synergy - Zeekr will integrate into Geely's technology ecosystem, with plans to unify battery technologies under the "ShenDun JinZhuan" brand for improved efficiency [5]. - Geely's international manufacturing network will facilitate Zeekr's expansion into key markets like Europe and Southeast Asia [5]. - The merger is expected to enhance Geely's competitive edge and global market influence during the automotive industry's transition to electrification and intelligence [5].