| | | 长城汽车股份有限公司 关于 2021 年股票期权激励计划首次授予及预留授予部分 公司已向中国证券登记结算有限责任公司上海分公司提交了注销上述股票期权的申 请，经其审核确认，公司已于 2025 年 12 月 8 日完成上述股票期权的注销业务。 本次股票期权注销不影响公司股本结构变化，不会导致本公司股票分布情况不符合 上市条件的要求，亦不会对本公司的经营业绩产生重大影响。 特此公告。 长城汽车股份有限公司董事会 2025 年 12 月 9 日 股票期权注销完成的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 长城汽车股份有限公司（以下简称"公司"或"本公司"）于 2025 年 12 月 3 日召开 第八届董事会第四十四次会议，审议通过了《关于注销公司 2021 年股票期权激励计划 首次授予及预留授予部分股票期权的议案》，根据《长城汽车股份有限公司 2021 年股票 期权激励计划》（以下简称"《2021 年股票期权激励计划》"），因部分激励对象相关行权 期结束后存在未行权的当期股票期权，根据《长城汽车股份有限公司长 ...

长城汽车公告称，2025年12月3日公司召开董事会，审议通过注销2021年股票期权激励计划首次授予及 预留授予部分股票期权的议案。因部分激励对象相关行权期结束后存在未行权的当期股票期权，公司拟 注销首次授予部分65,042,428股、预留授予部分9,723,856股。12月8日，公司完成上述股票期权注销业 务。本次注销不影响公司股本结构，不会使股票分布不符上市条件，也不会对经营业绩产生重大影响。 ...

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） 股份代號：2333（港幣櫃檯）及82333（人民幣櫃檯） 」。 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 ，2025 12 9 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。 職工董事：盧彩娟女士。 非執行董事：何平先生。 此海外監管公告是根據香港聯合交易所有限公司證券上市規則第13.10B條發出。以下為長城 汽車股份有限公司於上海證券交易所網站（www.sse.com.cn）所刊發之「長城汽車股份有限 公司關於公司2021年股票期權激勵計劃首次授予及預留授予部分股票期權註銷完成的公 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 海外監管公告 | 证券代码：601633 | 证券简称：长城汽车 ...

国家知识产权局信息显示，长城汽车股份有限公司申请一项名为"碰撞假人"的专利，公开号 CN121068236A，申请日期为2025年11月。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 财经频道更多独家策划、专家专栏，免费查阅>> 专利摘要显示，本申请提供了一种碰撞假人，涉及碰撞假人技术领域，能够提高碰撞测试数据的可靠 性。碰撞假人的胸段脊柱结构包括至少两个第一刚性胸椎件和至少两个柔性胸椎件，沿胸段脊柱结构的 延伸方向，第一刚性胸椎件与柔性胸椎件交替设置，依次首尾相接，肋骨件与第一刚性胸椎件固定连 接，肋骨件与第一刚性胸椎件一一对应设置，沿胸段脊柱结构的延伸方向，至少两个肋骨件均与胸骨件 滑动连接。本申请提供的碰撞假人，柔性胸椎件的压缩与伸展，使得胸段脊柱结构可以产生弯曲、伸展 和侧弯等运动，使得碰撞假人能够产生前俯、后仰和侧转等响应，使得碰撞假人在碰撞中的受伤情况与 真实人体的受伤情况较为一致，能够提高碰撞测试数据的可靠性。 天眼查资料显示，长城汽车股份有限公司，成立于2001年，位于保定市，是一家以从事汽车制造业为主 的企业。企业注册资本855894.5933 ...

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 财经频道更多独家策划、专家专栏，免费查阅>> 国家知识产权局信息显示，长城汽车股份有限公司取得一项名为"消除显示屏拖影的方法、装置以及可 读存储介质"的专利，授权公告号CN119380672B，申请日期为2024年11月。 天眼查资料显示，长城汽车股份有限公司，成立于2001年，位于保定市，是一家以从事汽车制造业为主 的企业。企业注册资本855894.5933万人民币。通过天眼查大数据分析，长城汽车股份有限公司共对外 投资了75家企业，参与招投标项目2813次，财产线索方面有商标信息5000条，专利信息5000条，此外企 业还拥有行政许可640个。 ...

国家知识产权局信息显示，长城汽车股份有限公司取得一项名为"稳定杆的液压控制系统和液压控制方 法、车辆"的专利，授权公告号CN118876658B，申请日期为2024年8月。 天眼查资料显示，长城汽车股份有限公司，成立于2001年，位于保定市，是一家以从事汽车制造业为主 的企业。企业注册资本855894.5933万人民币。通过天眼查大数据分析，长城汽车股份有限公司共对外 投资了75家企业，参与招投标项目2809次，财产线索方面有商标信息5000条，专利信息5000条，此外企 业还拥有行政许可640个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 财经频道更多独家策划、专家专栏，免费查阅>> ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [7] Core Insights - In November 2025, the company achieved a total sales volume of 133,000 vehicles, representing a year-on-year increase of 4.6% but a month-on-month decrease of 6.9%. Export sales reached 57,000 vehicles, accounting for 43.0% of total sales, while new energy vehicle sales were 40,000 units, making up 34.2% of total passenger vehicle sales [2][11] - The company is accelerating its global expansion and is committed to transitioning to new energy, with a continuous new vehicle cycle expected to drive improvements in sales and performance. Long-term strategies are set to open up growth opportunities in sales, while the shift towards smart technology is anticipated to enhance profitability across the entire industry chain [2][11] Summary by Sections Sales Performance - In November 2025, total sales were 133,000 units, with a year-on-year increase of 4.6% and a month-on-month decrease of 6.9%. New energy vehicle sales reached 40,000 units, up 11.4% year-on-year, while the cumulative sales from January to November 2025 totaled 1.2 million units, reflecting a 9.3% year-on-year increase [11] - The Haval brand sold 75,383 units in November, down 3.8% year-on-year, while the Tank brand, boosted by the new Tank 400 model, saw sales rise by 19.5% year-on-year to 24,135 units [11] Global Expansion - The company has implemented the "ONE GWM" strategy to accelerate its international presence, covering over 170 countries and regions with more than 1,400 overseas sales channels. It has established three full-process vehicle production bases in Thailand and Brazil, and several KD factories in Ecuador and Pakistan [11] Technological Advancements - The company is focusing on smart technology development, enhancing its competitive edge through advancements in algorithms, data intelligence, and computing power. This strategic shift is expected to strengthen its capabilities in the smart vehicle sector [11] Financial Projections - The company forecasts net profits of 12.07 billion, 16.37 billion, and 20.22 billion yuan for the years 2025, 2026, and 2027, respectively. The corresponding A-share price-to-earnings ratios are projected to be 15.7X, 11.6X, and 9.4X [11]

Core Viewpoint - The company reported a steady performance in vehicle sales for November 2025, with a total of 1.2 million units sold from January to November, reflecting a year-on-year increase of 9.3% [1]. Group 1: Sales Performance - Cumulative vehicle sales from January to November reached 1.2 million units, up 9.3% year-on-year [1] - November sales were 133,000 units, showing a year-on-year increase of 4.6% but a month-on-month decrease of 6.9% due to cautious consumer purchasing behavior and inventory control [1] - WEY brand sales reached 13,000 units, up 81.1% year-on-year and 0.5% month-on-month, driven by strong demand for the high-end models [1] - Haval sales were 75,000 units, down 3.8% year-on-year and 14.6% month-on-month, primarily due to shipment adjustments [1] - Ora sales totaled 5,000 units, down 17.0% year-on-year and 14.6% month-on-month, with new model Ora 5 set to launch [1] - Tank sales reached 24,000 units, up 19.5% year-on-year and 8.2% month-on-month, boosted by the launch of the 2026 Tank 400 [1] - Pickup sales were 16,000 units, up 1.0% year-on-year and 13.6% month-on-month, driven by the launch of the 2026 Great Wall Cannon [1] - The combined sales of WEY and Tank brands accounted for 27.7% of total sales in November, indicating an increase in high-priced model sales [1] Group 2: International Sales and Strategy - The company achieved record overseas sales of 57,000 units in November, a year-on-year increase of 32.7% and accounting for 43.0% of total sales [2] - Cumulative overseas sales from January to November reached 449,000 units, up 8.9% year-on-year [2] - The core overseas market, Russia, showed significant recovery with October sales reaching 183,000 units, up 35% month-on-month [2] - The company is expanding its international presence with new model launches in Thailand and Chile, and the 10,000th vehicle rolling off the assembly line in Uzbekistan [2] - For 2026, the company plans to increase new product launches, including the Ora 5 in major markets such as Europe, Australia, South America, and Africa [2] Group 3: Financial Projections - The company expects revenue to reach 227.1 billion, 274.1 billion, and 322.4 billion yuan from 2025 to 2027, representing year-on-year growth of 12.3%, 20.7%, and 17.6% respectively [3] - Projected net profit attributable to shareholders is expected to be 13.93 billion, 16.80 billion, and 19.54 billion yuan for the same period, with year-on-year growth of 9.7%, 20.6%, and 16.3% respectively [3] - The company maintains a "recommended" rating based on these projections [3]

Core Viewpoint - Great Wall Motors (601633.SH) announced a 2025 employee stock ownership plan, aimed at enhancing employee engagement and aligning their interests with the company's long-term performance [1] Group 1: Employee Stock Ownership Plan Details - The plan will involve no more than 50 participants, including company directors (excluding independent directors), senior management, and other key personnel crucial to the company's overall performance and long-term strategy [1] - The funding for the plan will come from the company's incentive fund, employees' legal salaries, or other legally permitted methods, with a total scale not exceeding 80 million yuan [1] - The stock for the plan will be sourced from shares repurchased in a dedicated account and/or shares purchased on the secondary market [1] Group 2: Stock Ownership Limits - After the implementation of the plan, the total number of shares held by all effective employee stock ownership plans will not exceed 10% of the company's total share capital [1] - The total number of shares corresponding to the equity interests of individual employees will not exceed 1% of the company's total share capital [1] - Shares held under the employee stock ownership plan do not include those obtained by employees prior to the company's initial public offering, shares purchased on the secondary market, or shares obtained through equity incentives [1]

长城汽车（601633）(601633.SH)披露2025年员工持股计划(草案)，参与对象不超过50人，员工持股计划 的资金来源为公司提取的激励基金，员工的合法薪酬或法律法规允许的其他方式，持股计划的设立规模 不超过8000万元。员工持股计划的股票来源为回购专用证券账户中回购的公司A股股票和/或二级市场购 买的公司A股股票。 ...