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 ...

Core Insights - The transition of the new energy vehicle industry from "quantity accumulation" to "quality leap" is reshaping the global competitive landscape, with Geely's strategy evolving from internal organization integration to a broader vision concerning industry confidence and future value [1] - Over 70% of Zeekr shareholders opted for equity compensation rather than cash, indicating strong market confidence in the long-term growth potential post-merger [2] - Geely's solid operational performance underpins shareholder confidence, with significant revenue and profit growth reported for the first three quarters of 2025 [3] Group 1: Merger and Shareholder Sentiment - Approximately 70.8% of eligible Zeekr shareholders chose stock compensation, receiving about 777 million shares of Geely, while 29.2% opted for cash, totaling approximately $701 million [2] - The choice of equity over cash reflects market expectations for synergies post-merger, with minimal short-term selling pressure on Geely's stock [2] - Geely initiated a share buyback plan of up to HKD 2.3 billion to stabilize market expectations and demonstrate management's confidence in the company's intrinsic value [2] Group 2: Financial Performance - Geely reported a revenue of CNY 239.5 billion for the first three quarters of 2025, a year-on-year increase of 26%, with a core net profit of CNY 10.62 billion, up 59% [3] - The company achieved a total cash position of CNY 60.1 billion and a net cash position of CNY 45.2 billion, indicating a robust financial status [3] - Geely's sales from January to November reached 2.788 million units, a 41.8% increase year-on-year, with November sales alone at 310,000 units, up 24.1% [3] Group 3: Strategic Integration and Future Goals - Geely's strategic integration began with the "Taizhou Declaration" in September 2024, focusing on five key measures: strategic focus, integration, synergy, stability, and talent [4] - The company aims to achieve over 5 million vehicle sales by 2027, positioning itself as a global leader in electrification, intelligence transformation, and high-quality development [5] - The merger with Zeekr is expected to enhance cost efficiency through deep collaboration in R&D, production capacity, and supply chain management, while leveraging a differentiated brand matrix [5]

Domestic News - Jiangsu has established its first batch of intelligent orderly charging pilot communities, enhancing the synergy between new energy vehicles and the new power system through IoT, big data, and AI technologies [3] - Sichuan's 14th Five-Year Plan emphasizes the development of emerging industries, including smart connected vehicles, and aims to strengthen strategic emerging industry clusters [4] - Hainan's 14th Five-Year Plan supports the orderly international expansion of new energy vehicle companies and aims to optimize cross-border financial and data flow policies [5] - Yu Chengdong revealed multiple new car models from Hongmeng Zhixing, including a high-end coupe and the flagship MPV Zhi Jie V9, expected to launch next year [6] - Li Auto plans to launch its first L4 autonomous driving model within three years, transforming cars into AI-driven "space robots" [8] - Geely has developed China's first crash test dummy tailored for occupant protection in various postures, in collaboration with Hunan University [9] - GAC has introduced its AION and HYPTEC new energy vehicle series to the Saudi market [10] - Anhui Jianghuai Automobile has established a new company focused on power drive systems [11] International News - Renault Group and Ford have signed a strategic partnership to develop two new electric vehicle models based on the Ampere platform [12] - Stellantis and Bolt are collaborating to explore the deployment of L4 autonomous vehicles for commercial operations in Europe, with a target for mass production by 2029 [14] - Mercedes-Benz is partnering with Momenta to deploy autonomous vehicles in Abu Dhabi's taxi market [15] - Uber plans to invest $2 billion in Japan over the next five years [16] Commercial Vehicles - A new national standard for hazardous goods transport vehicles will be implemented on July 1, 2026, enhancing safety and requiring advanced electronic stability and emergency braking systems [18] - The world's largest hydrogen fuel cell commercial vehicle demonstration project has been launched in Xinjiang, with the delivery of 500 hydrogen fuel cell trucks [19] - Zhejiang province is supporting the planning and construction of charging infrastructure for new energy heavy trucks [20] - SANY has officially launched its bank in Brazil and unveiled a new series of heavy trucks [21]

点 击 蓝 字 关 注 我 们 国家宏观经济持续向好，消费信心相对稳定，但由于部分地区的以旧换新和报废更新补贴政策大幅收 紧，11月零售出现环比负增长，而且燃油车零售达到下降22%，因此近期经销商的观望心态也较强。随着反内 卷的效果良好，市场促销力度保持温和，因此月初的零售进度并不快。受今年新能源车车购税免税到期，明年 买车多5个点车购税的政策影响，消费者年末购车紧迫感仍会很强。为应对交付周期延长导致的消费者购车成 本上升，车企纷纷推出购置税补贴方案，这种兜底式方案只是今年年末的暂时行为，未来不可持续。 3.2025年12月全国乘用车厂商批发销量走势 本文全文共 3585 字，阅读全文约需 12 分钟 本文详细资讯可在中国汽车流通协会乘用车市场信息联席分会官网下载：www.cpcaauto.com 1.本周车市概述 乘用车： 12月1-7日，全国乘用车市场零售29.7万辆，同比去年12月同期下降32%，较上月同期下降8%， 今年以来累计零售2,178.1万辆，同比增长5%；12月1-7日,全国乘用车厂商批发29.8万辆，同比去年12月同期下 降40%，较上月同期下降18%，今年以来累计批发2,706.3万辆， ...

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。 ...

Group 1 - Hong Kong stocks experienced a decline, with the Hang Seng Index dropping 109 points or 0.43% to 25,325 points amid mixed performances from major tech stocks [1] - Alibaba (09988) aims to develop a super app through its newly established C-end business group, resulting in a 0.6% increase in its stock price [1] - Semiconductor stocks faced downward pressure, with SMIC (00981) down 1.7% and ASMPT (00522) down 3.2%, while the U.S. government allows NVIDIA to export H200 AI chips to China, but the Chinese government reportedly plans to restrict access to these chips [1] Group 2 - Automotive stocks showed weakness, with BYD (01211) down 1.1% and NIO (09866) down 2.8%, while Geely (00175) plans to secure a $420 million syndicated loan for the privatization of Zeekr, leading to a 0.9% increase in its stock price [2] - Shipping stocks saw significant declines, with the Baltic Dry Index (BDI) hitting a near two-week low, causing Orient Overseas International (00316) to drop 5.6% [2] - Pharmaceutical stocks were mixed, with China National Pharmaceutical Group (01177) and others declining by 2.5% to 3.3%, while Fosun Pharma (02196) rose by 3.8% [2] Group 3 - The Hong Kong market sentiment has turned cautious as southbound trading has been shrinking, with the upcoming Central Economic Work Conference expected to provide further guidance [3] - The Federal Reserve's interest rate decision is anticipated to impact Hong Kong stocks, with potential support for the market if a hawkish stance is not adopted [3]

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） ...

四川省通信管理局党组成员、副局长钱海燕介绍，截至目前，四川省算力中心集群和多级时延圈已初步 建设，同时在绿色安全算力建设方面，四川省已逐步探索出一条算力产业特色发展之路。 与会专家普遍提到，对于成渝地区双城经济圈核心城市而言，1ms城市算网的建设和运营，是推动区域 协同发展、激活西部发展动力、培育数字经济新质生产力的关键抓手。 与城市数字经济发展息息相关 1ms城市算网，是指以城市或都市圈为单元构建的新型信息基础设施，其核心特征是1ms低时延、一站 式用算，通过融合网络与算力资源，实现算力资源的高效匹配和充分利用。工业和信息化部《算力基础 设施高质量发展行动计划》及国家发展改革委"东数西算"工程实施意见都已将相关内容纳入。1ms城市 算网跟我们普通人有什么关系？带着这样的疑问，近日，《中国经营报》记者参加了在成都举行的1ms 城市算网中国行专家座谈会，并探访了相关企业和平台。 算力成为城市公共服务 "城市算网作为算力基建核心载体，对传统产业升级、新生态培育意义重大。"中国信息通信研究院党委 副书记王晓丽介绍，中国信通院近年来围绕1ms城市算网开展产业研究、标准研制等多项工作，持续推 动城市算网能力提升，助力全 ...

"对2026年车市的研判是（和今年）持平。"11月6日国家信息中心正高级经济师徐长明在2025年中国汽 车流通协会论坛上这样总结。 中汽中心专家认为，2025年全年增长率在4%左右，2026年增速或放缓至3.2%。 专家们还算"乐观"，年尾沟通会上，不少车企老总给出的预测悲观的多：几乎全部认为负增长，有的甚 至给出了两位数负增长的判断。 蔚来董事长李斌直言：明年的中国车市，没有闪电战，只有消耗战，真正考验多维度粮草储备的时候到 了。 11月的终端销量提前预示了明年的光景。 乘联分会数据显示，11月全国乘用车市场零售222.5万辆，同比下降8.1%，环比下降1.1%。继10月份同 比下降0.8%之后，终端继续下滑。 而补贴退坡可能引发的年底车市抢购热潮，也并没有及时出现，给2025年留一个好看的尾声。 你可以说这是政策的平稳过渡，也可以说，车市消费力已经早早透支干净了。 NO.1 [ 补贴一停，感情归零 ] 2026年的车市，可能比下周降温的北京还要冷。 9、10月份，2025年的"省补"（8000-15000元）、"国补"（15000-20000元）在全国范围内相继"突然"暂 停或者结束。 但由于现在很多新车 ...