香港交易所 消息：3月11日， 贝莱德 对 长城汽车 （02333.HK）H股的多头持仓比例从8.57%降至 7.65%。 ...

Group 1 - Great Wall Motors (601633) announced an additional investment of 10 billion Thai Baht (approximately 2.128 billion RMB) in Thailand by 2026 [1] - The company set a target for a 40% annual sales growth in Thailand [1] - The Ora brand officially launched the Ora 5 family of products in Bangkok, Thailand [1] Group 2 - The Ora 5 family covers multiple segments including A-class SUVs, A-class sedans (both three-box and two-box), A+ class SUVs, and A0 class coupes [1] - The product line offers various powertrain options including gasoline, pure electric, and hybrid [1] - By the end of 2025, the Ora brand will undergo a rebranding from "a new energy vehicle brand more loved by women" to "a global fashion boutique car brand" [1] Group 3 - The company plans to further expand into markets in Europe, Oceania, the Middle East, Latin America, and Africa [1]

Core Viewpoint - Great Wall Motors' Ora brand has officially announced a brand strategy renewal, shifting from "a new energy vehicle brand that loves women" to "a global fashion boutique car brand" and expanding its technology approach from a single pure electric track to a comprehensive "multi-power" strategy [1][3]. Brand Strategy Renewal - The brand's target audience will expand from "refined female consumers" to "global young urban lifestyle consumers" [3]. - The brand renewal is seen as an extension towards the future rather than a complete overhaul of the past [3]. Technology and Product Strategy - The core of the brand renewal is the self-developed intelligent multi-power platform, which allows for a diverse product lineup including BEV, HEV, ICE, and PHEV vehicles [3]. - The Ora 5 model will support multiple power types and vehicle categories, including SUVs, sedans, and coupes, all based on the same platform [3][4]. Market Expansion Plans - Great Wall Motors plans to invest an additional 10 billion Thai Baht (approximately 2 billion RMB) in the Thai market, aiming for a 40% increase in local sales by 2026 [5]. - The company intends to launch a family of Ora 5 models covering various segments, with Thailand as the starting point for further expansion into Europe, Oceania, the Middle East, Latin America, and Africa [4]. Market Dynamics and Challenges - The Thai market is crucial for Chinese automotive companies due to favorable industrial policies and geographical advantages, but the infrastructure for electric vehicles remains underdeveloped [5]. - Recent changes in government subsidy policies have led to a significant drop in market share for Chinese brands in the electric vehicle sector, highlighting the need for a multi-power strategy [5]. Industry Insights - The transition to a multi-power strategy is seen as a precise adaptation to the slower pace of electric vehicle adoption in Southeast Asia compared to Europe and China [6]. - The strategy of offering both electric and hybrid options allows for resilience against policy risks and caters to diverse consumer needs [6][7]. - The competitive landscape for Chinese automotive companies is intensifying as they expand internationally, making localized product offerings and marketing essential for success [7].

Core Viewpoint - Great Wall Motors has shown a positive stock performance with a 2.04% increase on March 13, reaching a price of 21.03 CNY per share, with a total market capitalization of 179.97 billion CNY [1][4]. Financial Performance - For the period from January to September 2025, Great Wall Motors achieved a revenue of 153.58 billion CNY, representing a year-on-year growth of 7.96% [5]. - The net profit attributable to shareholders for the same period was 8.64 billion CNY, which reflects a decrease of 17.20% compared to the previous year [5]. Shareholder Information - As of September 30, 2025, the number of shareholders for Great Wall Motors was 137,500, a decrease of 22.95% from the previous period [2][5]. - The average circulating shares per shareholder remained at 0 shares, indicating no change [2]. Dividend Distribution - Since its A-share listing, Great Wall Motors has distributed a total of 34.70 billion CNY in dividends, with 8.95 billion CNY distributed over the last three years [6]. Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included China Securities Finance Corporation, holding 197 million shares, unchanged from the previous period [3][6]. - Hong Kong Central Clearing Limited, the fourth-largest shareholder, reduced its holdings by 27.42 million shares to 58.10 million shares [3][6].

股份代號：02333（港幣櫃檯）及 82333（人民幣櫃檯） 董 事 會 會 議 通 知 長城汽車股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司董事會會議將 於2026年3月27日（星期五）於中國河北省保定市蓮池區朝陽南大街2266號舉行， 藉以審議及 批准（其中包括）本公司及其子公司截至2025年12月31日止年度的經審計的年度業績（以《中 國企業會計準則》編製）及考慮派發股息（如有）。 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 。 長 城 汽 車 股 份 有 限 公 司 GREAT WALL MOTOR COMPANY LIMITED* （於中華人民共和國註冊成立的股份有限公司） 執行董事：魏建軍先生、趙國慶先生及李紅栓女士。 職工董事：盧彩娟女士。 非執行董事：何平先生。 獨立非執行董事：樂英女士、范輝先生及鄒兆麟先生。 * 僅供識別 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 ，2026年3月12日 於本公告日期，董 ...

Core Viewpoint - Great Wall Motors (02333.HK) announced that its board meeting will be held on March 27, 2026, to review and approve the audited annual performance for the year ending December 31, 2025, and to consider the distribution of dividends, if any [1] Group 1 - The board meeting will take place in Baoding, Hebei Province, China [1] - The financial results will be prepared in accordance with the Chinese Accounting Standards [1] - The meeting will also address the potential distribution of dividends [1]

Core Viewpoint - Great Wall Motors (02333.HK) announced that its board meeting will be held on March 27, 2026, in Baoding, Hebei Province, China, to review and approve the audited annual performance for the year ending December 31, 2025, and to consider the distribution of dividends, if any [1]. Group 1 - The board meeting is scheduled for March 27, 2026 [1] - The meeting will take place in Baoding, Hebei Province, China [1] - The agenda includes reviewing the audited annual performance for the year ending December 31, 2025 [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 。 ，2026年3月12日 於本公告日期，董事會成員如：下 執行董事：魏建軍先生、趙國慶先生及李紅栓女士。 長 城 汽 車 股 份 有 限 公 司 GREAT WALL MOTOR COMPANY LIMITED* （於中華人民共和國註冊成立的股份有限公司） 股份代號：02333（港幣櫃檯）及 82333（人民幣櫃檯） 董 事 會 會 議 通 知 長城汽車股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司董事會會議將 於2026年3月27日（星期五）於中國河北省保定市蓮池區朝陽南大街2266號舉行， 藉以審議及 批准（其中包括）本公司及其子公司截至2025年12月31日止年度的經審計的年度業績（以《中 國企業會計準則》編製）及考慮派發股息（如有）。 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 職工董事：盧彩娟女士。 非執行董事：何平先生。 獨立非執行董事：樂英女士、范輝先生及鄒兆麟先生。 ...

Core Viewpoint - Chang'an Automobile's total sales in February reached 73,000 units, representing a year-on-year decline of 6.8% and a month-on-month decline of 19.6% [1] Group 1: Sales Performance - The overseas sales in February amounted to 42,675 units, showing a year-on-year increase of 37.4% and a month-on-month increase of 6.0%, accounting for 58.8% of total sales [1] Group 2: Strategic Initiatives - The company is accelerating its global expansion and is committed to transitioning to new energy, actively pursuing innovation and transformation, which is expected to drive both sales and performance growth [1] - In the short to medium term, the combination of accelerated overseas expansion, the domestic shift towards new energy, and an increase in the proportion of high-value models like the Tank is likely to boost sales and performance [1] Group 3: Long-term Outlook - The company's four strategic expansion initiatives are expected to open up long-term growth potential for sales, while the shift towards smart technology is set to enhance profitability across the entire industry chain [1] - Projected net profits attributable to shareholders for 2025, 2026, and 2027 are estimated at 9.91 billion, 14.20 billion, and 17.40 billion yuan respectively, with corresponding A-share P/E ratios of 17.4X, 12.2X, and 9.9X, and Hong Kong stock P/E ratios of 9.9X, 6.9X, and 5.6X [1] - The investment rating is maintained at "Buy" [1]

Core Viewpoint - The report from Changjiang Securities indicates that Great Wall Motors experienced a total sales volume of 73,000 units in February, reflecting a year-on-year decline of 6.8% and a month-on-month decline of 19.6% [1] Group 1: Sales Performance - In February, the overseas sales reached 42,675 units, marking a year-on-year increase of 37.4% and a month-on-month increase of 6.0%, with overseas sales accounting for 58.8% of total sales [1] Group 2: Strategic Initiatives - The company is accelerating its global expansion and is committed to transitioning towards new energy vehicles, actively pursuing innovation and transformation, which is expected to drive both sales and performance growth [1] - In the short to medium term, the combination of accelerated overseas expansion and the domestic shift towards new energy vehicles, along with an increase in the proportion of high-value models like the Tank, is anticipated to boost the company's sales and performance [1] Group 3: Long-term Outlook - In the long term, the company's four strategic expansion initiatives are expected to open up long-term growth potential for sales, while the shift towards intelligent transformation is set to enhance profitability across the entire industry chain [1] - The projected net profit attributable to the parent company for 2025-2027 is estimated to be 9.91 billion, 14.20 billion, and 17.40 billion yuan, respectively, with corresponding A-share P/E ratios of 17.4X, 12.2X, and 9.9X, and Hong Kong stock P/E ratios of 9.9X, 6.9X, and 5.6X [1] - The report maintains a "buy" rating for the company [1]