智通财经APP讯，吉利汽车(00175)发布公告，于2025年9月15日因集团雇员根据认股权计划(于2023年4 月28日获采纳)行使认股权而发行3万股普通股股份。 ...

FF305 公司名稱： 吉利汽車控股有限公司 呈交日期： 2025年9月15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）變動 | | 庫存股份變動 | | | | | 事件 | | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 ...

【责任编辑：杨梓安 】 投资要点： 行业重点新闻。（1）工业和信息化部等八部门近日印发了《汽车行业稳增长工作方案 （2025—2026年）》；（2）欧拉首款纯电SUV已完成申报；（3）比亚迪仰望品牌计划2027 年进军英国；（4）美国8月电动汽车销量创新高；（5）工信部：高端制程车用大算力芯片 还有短板，将加强关键核心技术突破；（6）小鹏汽车MONA品牌明年进军海外，面向全球 大众化市场；（7）拓斯达首发工业级人形机器人；（8）携手Uber，Momenta将于明年在德 国测试自动驾驶；（9）理想i6纯电SUV官方实拍图公布，月底发布。 信达证券近日发布汽车零部件研究报告：工业和信息化部等八部门近日印发了《汽车行 业稳增长工作方案（2025—2026年）》。本周A股汽车板块跑赢大盘。本周沪深300指数涨 幅1.38%，其中汽车板块涨幅1.74%，涨跌幅位居A股申万一级行业第15位。本周SW乘用车 跌幅1.77%，本周SW商用车涨幅1.10%，本周SW汽车零部件涨幅3.42%。 本周观点：汽车行业发展稳中向好，行业扶持政策持续落地，整车厂方面，建议关注比 亚迪、长城汽车、零跑汽车、赛力斯、北汽蓝谷、江淮汽车、理想 ...

四是发挥公众的主体功能。公民的参与和支持是绿色低碳发展的基础。应通过政策积极发动公众，在居 家、消费、生产、出行等各方面践行节能低碳理念。开展社区生态环境教育与低碳生活培训，提升绿色 消费意识与行动力。拓展多元低碳场景，从公共交通、垃圾分类、无纸办公等日常领域，延伸至绿色建 筑改造、二手物品交易、分布式光伏安装等高减排领域，提高公众的参与度。加强社区自治微循环，组 织旧物回收、绿地维护等在地化项目，推广低碳活动，提升公众主动参与节能减排的积极性。 二是发挥企业资源配置的作用。企业应积极履行节能减排社会责任，通过管理创新、技术创新实现经济 与环境效益双赢。应建立能耗双控向碳排放双控转型的新机制，加快构建碳排放总量和强度双控制度体 系，推动企业绿色低碳发展。浙江等地的低碳试点城市经验值得推广，比如，浙江对高碳企业强化环境 管制，对绿色科技企业提供财税支持，推动其绿色专利增长。榆林、鄂尔多斯等资源型城市，通过技术 补贴推动煤炭企业应用智能开采设备，降低吨煤能耗。推进碳金融创新，利用碳排放权质押融资、"碳 汇保险"及绿色债券等支持企业绿色转型。鼓励企业通过供应链协同降碳，比如，浙江吉利等链主企业 要求上下游产业链相关 ...

containtention and any and a set in set in a program at interesting annually ground and a ma are a ground promotion any manages and control and control comments of control any and one one one one may on t the state the first t a t and the t was a e 近日，岚图汽车的独立上市与东风汽车集团股份有限公司（以下简称"东风集团股份"）的私有化退市，无疑成为汽车行业备受瞩目的焦点事件。一方 面，岚图汽车作为从传统车企孵化而出的新品牌，正积极寻求市场突破；另一方面，东风集团股份作为拥有深厚历史积淀的大型央企，进行私有化退市。二 者之间这场"一退一进"的资本运作，不仅交织着传统车企转型的复杂情感，更深刻揭示了在行业大变局背景下，老牌车企艰难探索自救与突破的现实路径。 资本期待下的"最优选择" 8月22日，东风集团股份发布官方公告，宣布其子公司岚图汽车将通过介绍上市的方式登陆港股市 ...

9月15日，港股市场走强，港股科技50ETF（159750）上涨1.13%，中概互联ETF（513220）上涨1.42%。成分股方面，阿里巴巴上涨2.32%，股价触及156港 元，续创2021年末以来的新高。其他个股中，小米集团、网易涨超1%，腾讯控股、中芯国际、京东集团纷纷上涨。 消息面上，国产大模型在应用层面正呈现爆发式增长。9月1日，据国际市场调研机构沙利文（Frost&Sullivan）发布的《中国GenAI市场洞察：企业级大模型 调用全景研究》，中国企业级大模型调用呈爆发式增长，2025年上半年日均调用量较2024年底实现363%的增长，目前超10万亿Tokens。其中，阿里通义模 型占比17.7%，位列第一，是中国企业选择最多的大模型。 兴业证券认为，在宏观环境以及产业趋势双重叠加下，后续港股互联网相对A股TMT产业链仍具备较大补涨空间：第一，9月美国议息会议临近，新一轮降 息周期启动，利好外部流动性敏感、此前受压制较多的港股互联网；第二，阿里最新一季云收入、资本开支均超市场预期，叠加自研AI芯片等产业进展， 板块有望从"外卖内卷"叙事，回归AI叙事、科技成长叙事；第三，后续AI行情有望向中下游应 ...

长公里二手车是打开全球市场的关键"钥匙"。而中国二手车经过六年的探索，正试图用这把"钥匙"打开更广阔的市场。 相关数据显示，2024年中国二手车出口量已突破40万辆，出口覆盖东南亚、中东、拉美、欧洲等160余个国家和地区。站在全球汽车产业变革的关键节 点，中国二手车凭借坐拥全球最大的新车消费市场和最庞大的汽车保有规模，正迎来前所未有的历史机遇。 不久前，行业内针对零公里二手车展开激烈讨论，并对中国二手车出口中零公里二手车占比过高提出质疑。而在众多行业人士看来，零公里二手车的历史 使命逐渐完成，长公里二手车的市场前景正愈发显现。 国际优势正逐步显现 对于长公里二手车，中国汽车流通协会副会长罗磊解释称，"长公里"并非简单以行驶里程定义，而是特指更适配国际市场需求的优质二手车品类。对比汽 车发达国家市场格局，我国二手车在左舵新兴市场展现出显著的体量优势与价格竞争力。尤其值得关注的是，长公里二手车凭借价格适应性，精准匹配了 新兴市场对实用型车辆"优质优价"的核心需求，这正是其在海外市场焕发强劲生命力的根本原因。 神州租车副总裁李嘉表示，汽车租赁公司、网约出行平台等企业机构，其实是真正的长公里二手车的生产者。新车生产销 ...

Core Insights - The consumption of new energy vehicles (NEVs) has officially surpassed traditional fuel vehicles, becoming the dominant force in the domestic automotive market, with a retail penetration rate of 55.2% in August 2025, marking a historical high [1] - The launch of the Jiashi CSI Hong Kong Stock Connect Automotive Industry Theme Fund aims to provide investors with an efficient way to invest in the new energy vehicle sector, particularly in Hong Kong stocks [1] - The Hong Kong Stock Connect Automotive Index, which the fund tracks, includes 50 listed companies involved in the automotive industry, reflecting the overall performance of the sector [1][2] Industry Overview - The Hong Kong Stock Connect Automotive Index covers the entire automotive supply chain, with a significant focus on electric passenger vehicles, which account for 40.7% of the index, and comprehensive passenger vehicles at 17.1%, together exceeding 50% [2] - The index prioritizes larger market capitalization companies, resulting in a high concentration of leading new energy vehicle manufacturers among its top ten constituents, with the top five accounting for approximately 50% of the weight [4] Key Constituents - The top ten constituents of the index include notable companies such as Xpeng Motors (13.92%), BYD (11.13%), and Li Auto (10.59%), indicating a strong representation of new energy vehicle manufacturers [5] Future Outlook - Analysts predict that the automotive sector will experience a comprehensive valuation uplift due to the new cycle of intelligent connected vehicles, with multiple factors such as anti-involution, assisted driving, solid-state batteries, and internationalization driving the new energy sector [6] - The Jiashi CSI Hong Kong Stock Connect Automotive Industry Theme Fund has a low investment threshold of 1 yuan and does not require a stock account, making it easier for investors to access the new energy vehicle market [6]

Core Insights - The 2025 Qilu Autumn Auto Show successfully concluded with a record attendance of 336,000 visitors and over 20,000 vehicles sold, generating a total sales revenue of 5 billion [1][4][9] Group 1: Event Overview - The auto show featured nearly 100 brands and showcased around 1,000 vehicle models, including dozens of global premieres, emphasizing its role as a major event in the automotive industry [1][3] - The event attracted a diverse audience, including technology enthusiasts, families, and young consumers, highlighting the strong consumer interest in automotive purchases [3][6] Group 2: Sales Performance - Major brands reported significant order volumes during the event, with BYD leading at 1,400 orders, followed by Geely with 800, and SAIC Volkswagen with 784 [4][6] - The combination of national and local subsidies, along with dealer discounts, created a favorable purchasing environment, contributing to the surge in sales [4][7] Group 3: Industry Trends - The auto show served as a platform for showcasing advancements in new energy vehicles, with leading brands like Tesla, BYD, and NIO presenting their latest models and technologies [6][9] - Traditional automakers are accelerating their transition to electric vehicles, indicating a significant shift in the industry towards sustainable practices [6][9] Group 4: Economic Impact - The Qilu Auto Show is positioned as a key driver of regional economic growth, linking consumer demand with policy incentives to stimulate the automotive market [7][9] - The event's success is seen as a strong indicator of the potential for high-quality economic development in the region, reinforcing the importance of the automotive sector in driving local economies [9]

Investment Rating - The report maintains a positive outlook on the automotive sector, suggesting an increase in allocation towards automotive dividend style configurations in the second half of 2025 [4]. Core Insights - The automotive industry is at a crossroads, with the end of the electric vehicle (EV) dividend phase and the dawn of automotive intelligence. The report suggests that structural opportunities may arise similar to previous transitions in 2011 and 2018 [4]. - The report emphasizes the importance of domestic consumption expansion and quality improvement in the automotive sector, as outlined in the "Automotive Industry Stabilization and Growth Work Plan (2025-2026)" issued by eight government departments [51]. - The report forecasts a total vehicle sales target of approximately 32.3 million units for 2025, with a year-on-year growth of about 3%, and expects new energy vehicle sales to reach around 15.5 million units, growing by approximately 20% [51][52]. Summary by Sections Weekly Review - In the first week of September, the total number of compulsory insurance for passenger vehicles was 360,000 units, reflecting a week-on-week decrease of 30.0% [50]. - The report highlights the performance of various segments, with commercial trucks showing the best performance at +4.2%, while passenger vehicles declined by -1.8% [3]. Market Performance - The automotive sector ranked 15th in A-shares and 21st in Hong Kong stocks for the week, indicating a relatively average performance compared to other sectors [8][10]. - The report notes that the overall price-to-earnings (P/E) ratio for the automotive sector has decreased, with specific segments like passenger vehicles trading at 0.94 times the P/E of parts [36][43]. Industry Trends - The report identifies key changes in the industry, including new model announcements and strategic partnerships aimed at accelerating the commercialization of autonomous vehicles [3]. - The report anticipates a significant increase in the penetration of L3 and L2+ intelligent driving technologies by 2025, driven by major players like Tesla and Huawei [55][56]. Investment Recommendations - The report recommends focusing on dividend and quality configurations in segments such as buses, heavy trucks, and two-wheelers, as well as selecting stocks in the AI and robotics sectors [4]. - Specific stocks highlighted for potential investment include Yutong Bus, China National Heavy Duty Truck, and various parts manufacturers [4].