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） ，2025 11 2 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。 股份代號：2333（港幣櫃檯）及82333（人民幣櫃檯） 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10月產銷快報」。 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。 * 僅供識別 长城汽车股份有限公司 2025 年 10 月产销快报 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 ...

股 份 代 號 ： 02 33 3（ 港 幣 櫃 台 ） 及 823 33（ 人 民 幣 櫃 台 ） 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 ） 自願公告 2025年10月產銷快報 本公告乃由長城汽車股份有限公司（「本公司」）自願刊發。 本公司董事會謹此宣佈，本公司於2025年10月產銷量詳細如下(單位:台)： | 車型 | | | 銷量 | | | | | | 產量 | | | | --- | --- | --- | --- | --- | --- | --- | --- ...

证券代码：601633 证券简称：长城汽车 公告编号：2025-122 转债代码：113049 转债简称：长汽转债 长城汽车股份有限公司 2025 年 10 月产销快报 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。 本公告乃由长城汽车股份有限公司（「本公司」）自愿刊发。 10月海外销售57,158台，1-10月累计销售391,339台。 10月新能源车销售46,155台，1-10月累计销售324,618台。 务请注意，上述产销量数字未经审核，亦未经本公司审计师确认，或会予以调整并有待最终确认。本公司刊发财务业绩后，股东及潜在投资者务必详阅。 特此公告。 本公司董事会谨此宣布，本公司于2025年10月产销量详细如下(单位:台)： 长城汽车股份有限公司董事会 2025年11月2日 | 车型 | | | 销量 | | | | | | 产量 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 月度同比 | ...

Core Viewpoint - Great Wall Motors (601633.SH) reported a significant increase in new car sales for October 2025, with a total of 143,078 vehicles sold, representing a year-on-year growth of 22.50% [1] Sales Performance - Haval brand sold 88,235 vehicles in October, marking a year-on-year increase of 21.41% [1] - Wey brand achieved sales of 12,699 vehicles, showing a remarkable growth of 95.79% year-on-year [1] - Tank brand recorded sales of 22,306 vehicles, with a year-on-year growth of 16.64% [1] - Ora brand sold 5,648 vehicles, reflecting a modest year-on-year increase of 1.58% [1] - Great Wall Pickup sold 14,088 vehicles, with a year-on-year growth of 9.31% [1] Year-to-Date Performance - From January to October, Great Wall Motors sold a total of 1,066,436 vehicles, which is a year-on-year increase of 9.87% [1]

Core Insights - Great Wall Motors announced a sales volume of 143,078 units in October 2025, representing a year-on-year increase of 22.50% [1] - The cumulative sales from January to October 2025 reached 1,066,436 units, up 9.87% compared to the same period last year [1] Sales Performance - Haval brand sold 88,235 units in October, a 21.41% increase year-on-year, with cumulative sales of 616,718 units, up 13.28% [2] - ET brand experienced significant growth, with October sales of 12,699 units, a 95.79% increase year-on-year, and cumulative sales of 76,292 units, up 96.25% [2] - Great Wall Pickup sold 14,088 units in October, a 9.31% increase year-on-year, with cumulative sales of 150,311 units, up 3.66% [2] - Ora brand saw a slight increase in October sales to 5,648 units, but cumulative sales decreased by 32.99% to 35,334 units [2] - The Chao Ke brand reported a 16.64% increase in October sales to 22,306 units, with cumulative sales of 187,449 units, down 0.79% [2] - Other brands showed a significant increase in October sales, with 102 units sold, a 52.24% increase year-on-year, but cumulative sales decreased by 48.92% [2] Production Performance - The total production in October was 140,500 units, reflecting a year-on-year increase of 22.01%, with cumulative production of 1,060,316 units, up 9.70% [1][2] - Haval brand's production reached 83,874 units in October, a 12.15% increase year-on-year, with cumulative production of 597,777 units, up 7.65% [2] - ET brand's production surged to 13,079 units in October, a 100.88% increase year-on-year, with cumulative production of 79,546 units, up 100.02% [2] - Great Wall Pickup's production in October was 14,822 units, a 21.94% increase year-on-year, with cumulative production of 152,456 units, up 9.13% [2] - Ora brand's production in October was 6,396 units, a 12.01% increase year-on-year, but cumulative production decreased by 25.15% [2] - Chao Ke brand's production reached 22,325 units in October, a 40.01% increase year-on-year, with cumulative production of 193,734 units, up 5.76% [2]

Core Insights - Great Wall Motors (601633.SH) reported a total sales volume of 143,078 vehicles in October, representing a year-on-year increase of 22.50% [1] - Cumulatively, from January to October, the company achieved total sales of 1,066,436 vehicles, reflecting a year-on-year growth of 9.87% [1] Summary by Category Sales Performance - October sales reached 143,078 units, marking a 22.50% increase compared to the same month last year [1] - Year-to-date sales from January to October totaled 1,066,436 units, which is a 9.87% increase year-on-year [1]

Core Insights - Great Wall Motors (601633.SH) reported a total sales volume of 143,078 vehicles in October, representing a year-on-year increase of 22.50% [1] - Cumulatively, from January to October, the company achieved total sales of 1,066,436 vehicles, reflecting a year-on-year growth of 9.87% [1] Summary by Category - **Monthly Performance** - October sales reached 143,078 vehicles, marking a 22.50% increase compared to the same month last year [1] - **Year-to-Date Performance** - Total sales from January to October amounted to 1,066,436 vehicles, with a year-on-year growth of 9.87% [1]

Core Insights - Great Wall Motors reported a total of 143,078 new vehicle sales in October 2025, representing a year-on-year increase of 22.50% [1] Sales Performance - Haval brand sold 88,235 vehicles in October, up 21.41% year-on-year [1] - Wey brand achieved sales of 12,699 vehicles, marking a significant increase of 95.79% year-on-year [1] - Tank brand recorded sales of 22,306 vehicles, reflecting a growth of 16.64% year-on-year [1] - Ora brand sold 5,648 vehicles, with a modest increase of 1.58% year-on-year [1] - Great Wall Pickup sold 14,088 vehicles, showing a growth of 9.31% year-on-year [1] Year-to-Date Performance - From January to October, Great Wall Motors sold a total of 1,066,436 vehicles, which is a year-on-year increase of 9.87% [1]

Group 1 - The core viewpoint of the report is that China Galaxy has given Great Wall Motors (601633.SH, latest price: 22.71 yuan) a "recommended" rating due to its effective high-end strategy and dual engines of new energy and overseas markets driving up average vehicle prices [1] - In Q3, the average revenue per vehicle reached 173,200 yuan, showing a year-on-year increase of 0.3% and a quarter-on-quarter increase of 3.6% [1] - The report notes that fluctuations in foreign exchange gains and losses have impacted short-term profitability, but the scale effect continues to optimize the period expense ratio [1] - The strong cycle of new products is expected to enhance the company's operational resilience [1] Group 2 - The report highlights risks such as the potential for product sales to fall short of expectations, challenges in smart technology research and development, and intensified market competition [1] - It mentions that the price war in the automotive market this year has led to an inventory turnover of 85 days for the company's fuel vehicles, resulting in increased inventory risks [1]

Investment Rating - The investment rating for Great Wall Motors is "Buy" (maintained) [1] Core Insights - The company reported a total sales volume of 923,400 vehicles for the first three quarters of 2025, representing an 8% year-on-year increase. Total revenue reached 153.6 billion yuan, also up 8% year-on-year, while net profit attributable to shareholders decreased by 17% to 8.635 billion yuan [4][6] - In Q3 2025, the company achieved a total sales volume of 353,600 vehicles, a 20% year-on-year increase and a 13% quarter-on-quarter increase. Revenue for Q3 was 61.2 billion yuan, up 21% year-on-year and 17% quarter-on-quarter, with net profit of 2.298 billion yuan, down 31% year-on-year and 50% quarter-on-quarter [4][6] Financial Data and Profit Forecast - The projected total revenue for Great Wall Motors is 224.1 billion yuan in 2025, with a year-on-year growth rate of 10.8%. The net profit forecast for 2025 is 12.913 billion yuan, reflecting a slight increase of 1.7% year-on-year [5][8] - The company expects to maintain a revenue forecast of 288 billion yuan in 2026 and 338.1 billion yuan in 2027, with net profits projected at 17.054 billion yuan and 21.094 billion yuan respectively [5][8] Sales and Product Strategy - The company is set to enter a strong new vehicle cycle with the launch of the high-end model, the Great Wall 7, which is expected to convert pre-sale orders into sales. The introduction of new platforms for the Wey brand will further enhance sales [6] - The domestic market is anticipated to see growth driven by the launch of multiple new models and significant upgrades to existing models. The overseas market is also expected to contribute positively, with the new factory in Brazil set to produce key models [6]