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） ...

Group 1 - The core viewpoint is that China's passenger car retail and wholesale sales are expected to reach historical highs in 2025, surpassing market expectations from last year [1][2] - In 2026, the automotive industry may face a more complex landscape due to the phasing out of "trade-in" subsidies and reductions in purchase tax exemptions, leading to increased competition and battery price risks [1][3] Group 2 - The automotive industry's resilience is anticipated to be stronger than market expectations, with retail sales expected to remain stable year-on-year and wholesale sales projected to grow by 2.9% due to increased exports [2] - Retail sales of new energy passenger vehicles are expected to grow by 15.5% year-on-year to 14.93 million units in 2026, with a market share increase to 61.8% [2] - Wholesale sales of new energy passenger vehicles are projected to rise by 18.5% year-on-year to 18.5 million units, benefiting from a 40% increase in new energy vehicle exports [2] Group 3 - The competition in the automotive industry is expected to intensify in 2026, driven by a record number of new model releases and aggressive pricing strategies from some manufacturers [3] - The demand for energy storage batteries is expected to improve, leading to rising battery prices that may erode profit margins for car manufacturers [3] - The introduction of plug-in hybrid electric vehicles (PHEVs) is expected to regain growth momentum in 2026, alongside the phasing out of trade-in subsidies [3] Group 4 - The competition in the new energy vehicle sector is entering a new phase in 2026, with narrowing valuation premiums between new entrants and traditional automakers [4] - The competitive landscape is expected to expand beyond vehicle manufacturing to include AI applications such as Robotaxi and robotics [4] - Foreign brands are accelerating the launch of new energy models, gaining a deeper understanding of the Chinese market [4] Group 5 - 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 sales [5] - The high-margin models expected to launch in the second half of 2025, combined 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 and is expected to benefit from an optimized customer structure and potential battery price increases [5]

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].

| 日期 | 回购股数 | 回购最高价 | 回购最低价 | 回购金额 | | --- | --- | --- | --- | --- | | | （万股） | （港元） | （港元） | （万港元） | | 2025.12.09 | 163.40 | 17.910 | 17.420 | 2870.26 | | 2025.12.08 | 153.40 | 17.910 | 17.510 | 2711.69 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 自12月8日以来公司已连续2日进行回购，合计回购316.80万股，累计回购金额5581.95万港元。 其间该 股累计上涨0.81%。（数据宝） 吉利汽车回购明细 （原标题：吉利汽车(00175.HK)12月9日回购163.40万股，耗资2870.26万港元） 证券时报•数据宝统计，吉利汽车在港交所公告显示，12月9日以每股17.420港元至17.910港元的价格回 购163.40万股，回购金额达2870.26万港元。该股当日收盘价17.510港元，下跌0.96%，全天成交额5.01 亿港元。 ...

来源：上海证券报·中国证券网 "上证鹰·金质量"奖是国内上市公司领域最具权威和影响力的奖项之一。本次评选通过聚焦在高质量发 展过程中勇于担当的市场经营主体，表彰业绩突出的上市公司与管理者，进一步助力中国资本市场高质 量发展。 "上证鹰·金质量"奖是国内上市公司领域最具权威和影响力的奖项之一。本次评选通过聚焦在高质量发 展过程中勇于担当的市场经营主体，表彰业绩突出的上市公司与管理者，进一步助力中国资本市场高质 量发展。 吉利汽车于2005年5月在香港联交所成功上市。吉利汽车发布的2025年第三季度财报显示，第三季度， 公司实现营业收入892亿元，环比增长15%，同比增长27%，单季收入创历史新高；核心归母净利润39.6 亿元，同比增长19%，盈利能力保持稳健。利润增长为公司带来了充裕的现金储备，截至9月末，净现 金水平达452亿元。 吉利汽车于2005年5月在香港联交所成功上市。吉利汽车发布的2025年第三季度财报显示，第三季度， 公司实现营业收入892亿元，环比增长15%，同比增长27%，单季收入创历史新高；核心归母净利润39.6 亿元，同比增长19%，盈利能力保持稳健。利润增长为公司带来了充裕的现金储备，截 ...

Core Insights - Geely Automobile Holdings Limited has announced the final results and implementation plan for the privatization transaction of Zeekr Intelligent Technology Holdings Limited, marking the completion of the "One Geely" initiative [2][3] Summary by Sections Privatization Transaction - Approximately 70.8% of eligible Zeekr shareholders opted for share consideration, resulting in the issuance of 777,228,611 shares by Geely Automobile [2] - About 29.2% of eligible shareholders chose or are considered to have chosen cash consideration, leading to a total cash payment of approximately $701 million [2] - Each Zeekr share can be exchanged for $2.687 in cash or 1.23 shares of Geely Automobile, while each Zeekr American Depositary Share can be exchanged for $26.87 in cash or 12.3 shares of Geely Automobile [2] Merger Completion and Strategic Goals - The merger between Geely Automobile and Zeekr is expected to be completed by December 29, 2025 [3] - Post-merger, Geely aims to leverage Zeekr's leading position in the global luxury electric vehicle market, enhancing its capabilities across technology, products, supply chain, manufacturing, marketing, and international resources [3] - Geely will cover mainstream, mid-to-high-end, and luxury segments, establishing a diverse power system including fuel, pure electric, plug-in hybrid, and hydrogen electric vehicles [3] Financial Performance and Strategic Initiatives - Geely's business operations have shown continuous growth, with a revenue of 239.5 billion yuan for the first three quarters of 2025, a 26% year-on-year increase [4] - Core net profit attributable to shareholders reached 10.62 billion yuan, reflecting a 59% year-on-year growth, indicating significant improvement in profitability [4] - As of September 2025, Geely's total cash level stood at 60.1 billion yuan, with a net cash level of 45.2 billion yuan, showcasing robust cash flow [4] - The completion of the merger will solidify Geely's cost advantages, enhance brand competitiveness, and strengthen its global market influence [4]

Core Viewpoint - Geely Automobile Holdings Limited is progressing towards the completion of its privatization transaction with Zeekr Intelligent Technology Holdings Limited, marking a significant step in its strategy to consolidate operations and enhance market competitiveness [1] Group 1: Privatization Transaction Details - Approximately 70.8% of eligible Zeekr holders opted for share consideration, resulting in the issuance of 777,228,611 shares by Geely Automobile [1] - About 29.2% of eligible Zeekr holders chose or are deemed to have chosen cash consideration, leading to a total cash payment of approximately $701 million by Geely Automobile [1] Group 2: Strategic Implications - The merger transaction is expected to be completed by December 29, 2025, which will establish a solid foundation for Geely Automobile to build cost advantages and enhance brand competitiveness [1] - Geely Automobile aims to achieve comprehensive coverage across mainstream, mid-to-high-end, and luxury segments, creating a diverse power system that includes fuel, pure electric, plug-in hybrid, and hydrogen fuel cell vehicles [1] - The company is focused on strengthening its smart manufacturing and technological innovation capabilities, with a commitment to improving profitability and delivering long-term returns to shareholders [1]

Group 1 - The core point of the article is that Geely Automobile announced a share buyback plan, intending to repurchase 1.634 million shares at a total cost of HKD 28.7026 million [1] Group 2 - The buyback will occur on December 9, 2025, with the repurchase price ranging from HKD 17.42 to HKD 17.91 per share [1]