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 第 2 頁 共 7 頁 v 1.3.0 公司名稱： 吉利汽車控股有限公司 呈交日期： 2025年12月16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 ...

很长一段时间里，汽车安全是一件"容易被说清楚"的事情。气囊数量、车身强度、碰撞成绩，都可以被压缩成简单直观的指标，成为产品配置表的一部 分。 但进入新能源汽车时代，这套逻辑正在失效。 一方面，风险来源发生了变化。安全问题不再只集中于正面或侧面碰撞，而是扩展到电池热失控、传感器异常、软件逻辑缺陷等更复杂、更难复现的系统 性问题；另一方面，辅助驾驶功能快速下沉，却仍处在人机共驾的灰色地带，一旦发生事故，责任归属、技术边界与用户预期之间的错位，往往会被瞬间 放大。 在这样的背景下，"安全是最大的豪华"几乎成为所有车企发布会上的标准口号。但现实是，各家展示的安全测试越来越相似，表达方式高度同质，消费者 反而更难判断这些演示究竟意味着什么。 安全正在变成一个"说不清、却必须说清楚"的命题，车企需要为自证安全做出更大的努力，一直以"安全"作为产品底牌的吉利更是如此。 12月12日，吉利宣布其全域安全进入2.0阶段。当天，吉利在宁波发布了其全球全域安全中心，该中心创下"全球最大的汽车安全试验室"、"全球最长的室 内汽车碰撞测试跑道"、"全球最大的汽车环境风洞试验室"、"全球最大的任意角度汽车碰撞测试区（0-180°）"、" ...

近 日 获 悉 ， 华 研 慧 声 （ 苏 州 ） 电 子 科 技 有 限 公 司 获 得 苏 州 国 芯 科 技 股 份 有 限 公 司 （688262.SH）的新一轮战略投资。本次资金将重点用于加速车载主动降噪解决方案规划化 落地，以及推进AI声学算法及应用的研发。围绕多场景、个性化的智能座舱声学需求，构建 以"声学场景"为核心的AI智能声学系统，实现从算法模型到硬件系统的全链路升级。 作为国内领先的系统级车载声学解决方案提供商，华研慧声自成立以来，持续深耕汽车座舱空间声 学主动控制技术，以"3D主动降噪"和"空间沉浸音频"双轮驱动，以"海量数据+定制化算法"产品方 案，打造"无界声"声学品牌，逐步构建商业护城河。早在2022年，华研慧声已获得苏州国芯科技 Pre-A轮战略投资，双方由此开启在智能声学方向的深度协作，共同推动国产高性能车载音频DSP 芯片（CCD5001）研发及量产落地。 过去三年，华研慧声凭借持续的创新投入与扎实的客户服务，为上汽智己、奇瑞汽车、吉利汽车、 一汽集团、小鹏汽车、福特、大众等国内外优质OEM提供数十款车型开发。2024年6月，华研慧声 自主研发的RNC路噪主动降噪技术，作为 ...

Investment Rating - The report maintains a "Buy" recommendation for the automotive industry [2]. Core Insights - Global light vehicle sales in October reached approximately 7.9 million units, a year-on-year increase of 2.6% and a month-on-month increase of 0.5%. However, overseas sales totaled about 4.77 million units, showing a year-on-year decline of 0.4% and a month-on-month decline of 1.5% [2]. - North American sales were 1.56 million units, down 5.0% year-on-year but up 1.1% month-on-month. European sales were approximately 1.48 million units, up 2.9% year-on-year but down 7.5% month-on-month. In contrast, Chinese sales reached 3.13 million units, up 7.6% year-on-year and 3.7% month-on-month [2]. - The report anticipates that overseas light vehicle sales will reach 55.88 million units in 2025, a year-on-year increase of 1.3%, and 56.14 million units in 2026, a year-on-year increase of 0.5% [2]. Summary by Sections 1. Industry: Sales, Exchange Rates, Freight - Global light vehicle sales data indicates a mixed performance across regions, with North America and Europe facing declines while China shows growth [2][5]. - The report highlights the impact of exchange rates and freight costs on the automotive industry, noting a downward trend in the CCFI (China Container Freight Index) [24]. 2. Market Competition - The competitive landscape is analyzed, showing the market shares of major automotive groups, including Toyota, Volkswagen, and BYD, with a focus on their performance in the global market [28][29]. - The report also discusses the dynamics of the global new energy vehicle market, emphasizing the growth of companies like BYD and Tesla [33][34]. 3. Export Situation of Automotive and Parts Companies - The report provides insights into the export performance of domestic automotive manufacturers, highlighting the monthly growth rates of narrow passenger vehicle exports [39][40]. - It lists companies with significant overseas revenue, indicating their reliance on international markets [42].

2025.12. 16 本文字数：2182，阅读时长大约4分钟 作者 | 第一财经 葛慧 肖逸思 12月中旬，新能源汽车购置税减免政策仅余最后半月，报废置换补贴（即国补）也正处于新旧政策 交替、优化的阶段。 第一财经记者近日走访一线车市发现，政策末班车效应未能如期激发购买热潮，反而凸显出市场在长 期政策依赖后，面对调整时的适应阵痛与理性抉择。车市观望情绪较为浓厚，消费者正屏息等待明年 优化后的"国补"新政。 一位合肥地区的新势力车企销售告诉记者，他期待国补细则能快点出台，这样还能让客户赶在购置税 关门之前下单。 车市"静悄悄" 上海荟聚中心是长宁区最大的购物中心，蔚来、理想、小鹏、小米、智己、魏牌等多个品牌都在此设 有展厅。 记者近日在此走访了多家门店，发现蔚来的展厅前面放着购置税倒计时牌，而其他的门店都以自家的 促销活动展示为主。 记者从多家汽车品牌的销售人员处了解到，按照他们的预期，12月份应该有一波爆发的行情，但今 年12月的行情和11月基本差不多，市场的行情依然平静，并没有像外界所说的，为了购置税要抢在 年前完成购车大事。 某新势力车企的总裁在最近一次的闭门会议上向第一财经表示，目前市场上有两类观望客 ...

Industry Information - The 2025 Global Unicorn 500 list shows a strong rise of Chinese companies, with AI and new energy vehicles as highlights. The total valuation of the top 500 unicorns reached 39.14 trillion yuan, a year-on-year increase of 30.71% [6][7] - The sales revenue of new energy passenger vehicles in China from January to November increased by 19.1% year-on-year, indicating a robust market performance [10][11] - The global electric vehicle sales from January to November 2025 reached 18.5 million units, a year-on-year increase of 21%, with China maintaining its position as the largest market [21][23] - The cumulative sales of power batteries in China reached 134.0 GWh in November, a year-on-year increase of 52.7% [25] Policy Information - Various provinces in China are implementing their 14th Five-Year Plans, focusing on modernizing manufacturing industries, enhancing infrastructure, and promoting new energy vehicles [8][9][10][12] - The central government is expected to continue optimizing the "National Subsidy" policy in 2026, which supports the replacement of old consumer goods, including new energy vehicles [22] Company Information - Tesla's Shanghai Gigafactory has officially produced its 4 millionth vehicle, showcasing its significant production capacity [4] - NIO Power has accelerated its battery swap station deployment, adding 8 new stations [4] - GAC Energy's V2G project has achieved a cumulative discharge of over 1 million kWh, demonstrating advancements in energy management [21] - Hunan's electric vehicle exports surpassed 10.7 billion yuan, marking a significant increase of over 5 times compared to the previous year [16]

观望的消费者居多。 12月中旬，新能源汽车购置税减免政策仅余最后半月，报废置换补贴（即国补）也正处于新旧政策交 替、优化的阶段。 第一财经记者近日走访一线车市发现，政策末班车效应未能如期激发购买热潮，反而凸显出市场在长期 政策依赖后，面对调整时的适应阵痛与理性抉择。车市观望情绪较为浓厚，消费者正屏息等待明年优化 后的"国补"新政。 车市"静悄悄" 上海荟聚中心是长宁区最大的购物中心，蔚来、理想、小鹏、小米、智己、魏牌等多个品牌都在此设有 展厅。 今年10月起，全国多数地区的置换补贴陆续停止或转为摇号，对终端需求产生直接抑制。乘联分会认 为，2025年调节车市销量增速的重要政策是置换补贴。 蔚来汽车创始人李斌此前已预警，置换补贴退出的影响"比预期更严重"，导致行业新增订单大幅下降。 很多公司惯性以为的四季度"翘尾效应"并不会出现，反而实际销量肯定会下降。 一位传统自主品牌的销售表示，12月份不太好卖，那些认为年底会有一波翘尾行情的汽车高管们，并没 有掌握消费者的心理。根据他的观察，要买的（客户）早就买了，到了12月还没下手的都是在观望，客 户的犹豫期在拉长。 记者近日在此走访了多家门店，发现蔚来的展厅前面放着购 ...

Group 1: Automotive Parts Business Performance - The company's automotive parts sales revenue increased by 25% year-on-year in the first nine months of 2025, surpassing the passenger car sales growth rate of 13.7% [2][3] - Key advantages contributing to this growth include strong customer resources and brand partnerships with major manufacturers like Geely, Changan, and BYD [2][3] - The company has established a comprehensive industrial layout with over 20 production bases, ensuring rapid response to customer demands [3] Group 2: Military Products and Future Projections - Military product revenue reached 673.38 million yuan in the first half of 2025, reflecting a growth of 6.96% compared to the previous year [4] - An upgraded automation project for military explosive materials is expected to be operational by September 30, 2026, with projected annual revenue of 15 million yuan [4] Group 3: New Materials and High-Performance Functional Materials - The company’s weather-resistant functional materials, primarily used in high-end applications, generated sales revenue of 39.52 million yuan in the first half of 2025 [5] - High-performance functional materials sales reached 105 million yuan in the same period, focusing on domestic substitution and innovative product development [5] Group 4: Strategic Development Plans - The company has proposed a "1334" development strategy aimed at becoming a world-class aerospace intelligent equipment manufacturer [5] - Plans for capital operations and industrial development are in place to enhance the company's growth and market position [5]

Core Insights - The "Super CEO" list by Zhito Finance highlights outstanding leaders in the automotive industry, focusing on their financial growth and reputation, with BYD's Wang Chuanfu ranked first [1][12]. Industry Overview - The automotive industry in China, encompassing vehicles, parts, and services, is projected to produce and sell 31.28 million and 31.44 million units in 2024, reflecting year-on-year growth of 3.7% and 4.5% respectively, maintaining its position as the world's largest market for 16 consecutive years [2]. - In 2024, China's automotive exports are expected to reach 5.859 million units, marking a 19.3% increase, showcasing the industry's resilience amid global trade uncertainties [2]. New Energy Vehicles (NEVs) - NEVs are leading the transformation of the automotive industry, with production and sales expected to exceed 10 million units in 2024, achieving year-on-year growth of 34.4% and 35.5% respectively [3]. - NEV exports are projected to reach 1.284 million units, a 6.7% increase, as China strengthens its competitive edge in key overseas markets [3]. Automotive Parts Industry - The automotive parts sector is experiencing significant growth, with the demand for core components like batteries, motors, and electronic controls surging as NEV penetration exceeds 40% [4]. - In 2024, the installed capacity of power batteries is expected to grow by 47.6% to 531 GWh, with lithium iron phosphate batteries accounting for 69.2% of the total [4]. - The export value of automotive parts is anticipated to reach $105.61 billion, reflecting a 6.8% increase [4]. Intelligent Driving - The intelligent driving sector is witnessing rapid advancements, with consumer demand for safety and efficiency driving the adoption of L2 and higher autonomous driving features in mid-to-high-end vehicles [5]. - Technological breakthroughs in AI algorithms, automotive-grade chips, and high-precision mapping are laying a solid foundation for the industrialization of intelligent driving [5]. CEO Performance - The 25 CEOs on the list have demonstrated impressive performance, with median revenue growth of 23.3%, net profit growth of 31.42%, and return on equity of 15.35% [8]. - The average market capitalization of these companies is approximately 113.6 billion yuan, with 24 CEOs disclosing their 2024 salaries, the highest being 639.134 million yuan [8]. - The representation of post-80s CEOs has increased significantly, indicating a trend towards younger leadership in the automotive sector [8]. Notable CEOs - Wang Chuanfu of BYD leads the list, achieving sales of 4.2721 million units in 2024, with a revenue of 777.102 billion yuan, a 29.02% increase year-on-year [12]. - Zhang Zhengping of Seres has seen a remarkable revenue increase of over 305.04% to 145.176 billion yuan, with NEV sales rising by 182.84% [13]. - Li Xiang of Ideal Auto reported a revenue of 144.460 billion yuan, a 16.64% increase, and is focusing on expanding into the Middle East and Central Asia [14]. - Wang Bin of Top Group achieved a revenue of 26.6 billion yuan, growing by 35.02%, by implementing a Tier 0.5 platform strategy [15].

今年8月长城汽车位于巴西圣保罗州伊拉塞马波利斯市的工厂竣工投产，10月比亚迪第1400万辆新能源 车在巴西工厂下线……巴西总统卢拉见证了上述中国汽车在巴西市场的高光时刻，这同时也印证了中国 车企长期深耕的决心和信心。当前，中国车企正通过多元化布局在这片充满活力的市场上深耕细作， 让"中国智造"的汽车名片在南美大陆绽放光彩。 中企密集重仓 掀起投资热潮 当地时间11月26日，雷诺吉利巴西公司（Renault Geely do Brasil）总裁蒙特内格罗在圣保罗国际车展期 间接受采访时表示，该公司计划将巴西的产量提高1倍。 通过联手雷诺，吉利近来在巴西市场动作频频。11月3日，吉利与雷诺集团正式签署巴西战略合作最终 协议。双方将深化战略合作，通过雷诺巴西公司生产及销售吉利和雷诺的新能源车型。11月19日，在巴 西埃尔顿·塞纳工业园区里，吉利与雷诺集团宣布，成立雷诺吉利巴西公司，并举行战略合作启动仪 式。合资公司将投资38亿雷亚尔（1巴西雷亚尔约合人民币1.3272元），推动新能源技术平台及车型在 当地落地。 在近日举行的拉丁美洲规模最大汽车展览会——巴西圣保罗国际车展上，中国力量闪耀全场：广汽 国际携全系车型首 ...