证券代码：601633 证券简称：长城汽车 公告编号：2026-011 转债代码：113049 转债简称：长汽转债 长城汽车股份有限公司 2025 年年度业绩快报 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。 2026 年 1 月 30 日，长城汽车股份有限公司(以下简称"本公司"或"公司")以书 面传签方式召开了第八届董事会第四十七次会议，全体董事会成员审议并通过了《关于 公司 2025 年年度业绩快报的议案》，表决结果如下：8 票同意，0 票反对，0 票弃权。本 公司 2025 年年度业绩快报情况如下： 一、业绩快报期间 2025 年 1 月 1 日至 2025 年 12 月 31 日 二、2025 年年度主要财务数据和指标（合并财务数据） 单位：人民币亿元 | 项目 | 本报告期 | 上年同期 | | 增减变动幅度 | | --- | --- | --- | --- | --- | | | | | | （％） | | | | 调整前 | 调整后 | 调整后 | | 营业总收入 | 2,227.90 | 2,021.95 ...

Core Viewpoint - Great Wall Motors reported a preliminary net profit of 9.91 billion RMB for the year, which is significantly lower than the market estimate of 12.68 billion RMB [1] Group 1 - The company's net profit for the year is 9.91 billion RMB [1] - Market expectations for the company's net profit were 12.68 billion RMB [1]

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。 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 李紅栓 公司秘書 中國河北省保定市，2026 年 1 月30日 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。 長 城 汽 車 股 份 有 限 公 司 GREAT WALL MOTOR COMPANY LIMITED* 职工董事：盧彩娟女士。 （於中華人民共和國註冊成立的股份有限公司） 股份代號：02333（港幣櫃台）及82333（人民幣櫃台） 海外監管公告 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2025年年度業績快報 」。 非執行董事：何平先生。 獨立非執行董事： 樂英女士、 輝先生及鄒兆麟先生。 * 僅供識別 证券代码：601633 证券简称：长城汽车 公告编号：2 ...

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。 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第 八屆董事會第四十七次會議決議公告」。 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 李紅栓 公司秘書 中國河北省保定市，2026 年 1 月30日 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。 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：02333（港幣櫃台）及82333（人民幣櫃台） 海外監管公告 2026 年 1 月 30 日，长城汽车股份有限公司（以下简称"本公司"或"公司"）以书 面传签方式召开第八届董事会第四十七次会议，应出席董事 8 名，实际出席 ...

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 ：02333（港幣櫃台）及82333（人民幣櫃台） 2025年年度業績快報 長城汽車股份有限公司（「本公司」）董事會（「董事會」）及全體董事保證本公告 內容不存在虛假記載、誤導性陳述或者重大遺漏，並對其內容的真實性、準確 性和完整性承擔法律責任。 本公告乃依據《香港聯合交易所有限公司證券上市規則》第13.09條及《證券及期貨 條例》第XIVA部作出，以及乃根據《上海證券交易所股票上市規則》作出。 本公告所載2025年年度財務數據根據《中國企業會計準則》編製，未經會計師事務 所審計，與經審計的財務數據可能存在差異，具體數據以公司2025年年度報告中 披露的數據為準，請投資者注意投資風險。 2026年1月30日，本公司以書面傳簽方式召開了第八屆董事 ...

Domestic News - The State Council has issued a plan to promote innovation in the automotive circulation and consumption sector, focusing on the development of the automotive aftermarket and supporting pilot projects in selected cities [4] - As of now, 25 key automotive chips have completed certification reviews, with a cumulative installation volume exceeding 20 million units, helping vehicle manufacturers reduce selection and verification costs by approximately 40% [5] - The Ministry of Transport announced measures to ensure charging demand for new energy vehicles during the Spring Festival, including the installation of 71,500 charging guns in highway service areas by the end of 2025 [6] - By 2028, Yunnan aims to develop its new energy battery and phosphorus industries into new trillion-yuan industries, with a focus on high-value utilization of phosphorus resources [8] - Volkswagen China has successfully delivered its regional control electronic architecture (CEA) designed for the Chinese market, with plans to launch five new models based on this architecture in 2026 [9][10] - GWM has launched the WEY G9 Hi4 PHEV in Malaysia, marking a significant step in its new energy strategy for the ASEAN market [11] - Black Sesame Intelligence has signed a strategic cooperation agreement with Baidu's autonomous driving service platform, focusing on the development of autonomous driving technology [13] International News - Canada and South Korea have signed a memorandum of understanding to enhance cooperation in the automotive sector, including traditional vehicles, electric vehicles, battery manufacturing, and hydrogen commercial vehicles [15] - Tesla has received approval to test its fully autonomous driving system across Sweden, which will help improve the technology's performance in real-world conditions [16] - Vietnam's automobile imports are projected to grow by 18.6% in 2025, with a total of 205,630 vehicles imported, reflecting an increase in high-value models [17] - NVIDIA and Mercedes-Benz are advancing their plans to launch autonomous taxi services in major cities globally, with Uber joining the collaboration [19] Commercial Vehicles - Zhejiang Yuantong New Energy and GAC Group have signed a strategic cooperation agreement to promote the intelligent transformation of commercial vehicles [20] - Dongfeng Liuzhou and Guilin University of Electronic Technology have made significant breakthroughs in key technologies for medium and heavy commercial vehicle control chassis [21] - Chery Commercial Vehicles has established its European headquarters in Liverpool, UK, marking its first headquarters project in Europe [22] - China National Heavy Duty Truck Corporation's market value has surpassed 100 billion HKD, indicating a significant milestone in the commercial vehicle industry's valuation [24]

Investment Rating - The report maintains a positive outlook on the passenger car sector, particularly in the context of the new vehicle replacement policy and the resilience of exports [2][3]. Core Insights - The passenger car industry experienced a significant decline in retail sales in December 2025, with a year-on-year drop of 16% and a total retail volume of 227,000 units. The wholesale volume was 279,000 units, reflecting a decrease of 9.7% year-on-year [7][10]. - The penetration rate of new energy vehicles (NEVs) reached 58.7% in December 2025, showing a year-on-year increase of 10.9% [10][12]. - The report highlights the stability of the NEV market, with BYD holding a market share of 25% and Geely at 11% in December 2025 [16]. Electric Vehicle Data Tracking - The report indicates that the old-for-new vehicle replacement policy was implemented in January 2026, which is expected to stimulate demand in the passenger car market [2][3]. - In December 2025, the NEV wholesale volume was 156,300 units, with a year-on-year increase of 3.4% [12]. - The report notes a significant inventory reduction in the passenger car sector, with a total decrease of 69,000 units in December 2025, including 43,000 units of NEVs [13]. Globalization Data Tracking - The report tracks the performance of Chinese car manufacturers in international markets, noting that in December 2025, 641,000 passenger cars were exported, with 245,000 being NEVs, resulting in a penetration rate of 38.2% for NEVs [3][43]. - The report highlights the strong performance of BYD in exports, particularly in Southeast Asia, where the NEV penetration rate exceeded expectations [3][27]. - The market share of Chinese brands in various regions, including Southeast Asia and Europe, showed positive trends, with notable increases in the UK market [38][40].

Group 1 - The chairman of Great Wall Motors, Wei Jianjun, announced the naming of the new flagship SUV, V9X, which is positioned as an "AI luxury six-seat flagship" based on the new Guiyuan platform under the high-end technology series "Guiyuan S" [1] Group 2 - The new vehicle features a贯穿式 front and rear light group, with the Wei brand logo lighting up synchronously, creating a unique visual identity alongside the vertically arranged turn signals [4] - The side profile of the vehicle adopts a straight and robust line design, equipped with a roof-mounted lidar and multiple sensors, indicating promising advanced driver assistance capabilities [4] Group 3 - The Guiyuan platform is compatible with five powertrain forms: PHEV, HEV, BEV, FCEV, and ICE, catering to the energy structure and user demands of different global markets [4] - The super Hi4-PHEV, utilizing an 800V high-voltage architecture and silicon carbide motor, can achieve 0-100 km/h in 4.4 seconds, with a pure electric range of 363 kilometers and a low fuel consumption of 6.3L/100km [4] - The large-capacity HEV features a high-capacity power battery pack and Hi4 full-domain oil-electric collaborative control strategy, enhancing acceleration by 12% while reducing fuel consumption by 14.4% [4] - The 900V high-voltage super BEV can achieve efficient charging in just 10.5 minutes, while the hydrogen models utilize self-developed fuel cell technology to explore new avenues in clean energy [4]

Group 1: Industry Policies and Developments - The Ministry of Industry and Information Technology, along with two other departments, held a meeting to regulate the competitive order in the new energy vehicle industry and resist disorderly "price wars" [10] - The meeting emphasized the need for innovation-driven development and quality-first principles, aiming to establish a fair market environment for high-quality automotive industry growth [10] Group 2: Company Developments - Lantu Automotive and Huawei's subsidiary, Shenzhen Yiwang Intelligent Technology Co., signed a strategic cooperation agreement to enhance collaboration in smart driving and smart cockpit development [1][3] - Zhao Changjiang announced his appointment as Executive Director and Executive Vice President of Zhijie Automotive, aiming to create a user-centered global benchmark smart brand [4][6] - FAW-Volkswagen Jetta Automotive Technology Co., was established to mark the brand's strategic upgrade towards a full-value chain technology company [7] - Jetta plans to launch five new models by 2028, with four being new energy vehicles, focusing on local R&D capabilities and advanced technologies [9] - GAC Group announced the establishment of the GAC Trumpchi Business Unit to enhance decision-making efficiency and market responsiveness through integrated operations [12][14] - Great Wall Motors launched the Guiyuan platform, compatible with five powertrain types, aiming to create a comprehensive smart vehicle ecosystem [15][17] - New regulations for the recycling of used power batteries will take effect on April 1, 2026, establishing a nationwide traceability information platform for battery lifecycle monitoring [19]

2026年第二周，本周聚焦出口贸易、企业合作、技术创新、政策引导等领域。企业间并购与跨界合作持续深化，新平台、新技术加速落地，同时国家多 部门出台多项政策，规范产业竞争、推动绿色消费与智能网联汽车发展。 中汽协：2025年1-11月汽车整车出口金额达1253.2亿美元 同比增长16.7% 1月4日，中国汽车工业协会整理的海关总署数据显示，2025年11月，汽车整车出口81.8万辆，环比下降1.2%，同比增长49.2%，出口金额达138.7亿美 元，环比下降3.1%，同比增长53%；2025年1-11月，汽车整车出口733.1万辆，同比增长25.7%，出口金额达1253.2亿美元，同比增长16.7%。 广汽本田完成收购东风本田发动机公司 盛秋平表示，商务部会同国家发改委、生态环境部、农业农村部、市场监管总局等九部门联合出台了《关于实施绿色消费推进行动的通知》，围绕绿色 消费全链条明确了七方面20项举措，对"十五五"时期绿色消费工作作出系统安排。《通知》提出，促进汽车绿色消费，支持消费者购买新能源汽车。做强汽 车产业链，挖掘二手车、汽车租赁、汽车改装、汽车共享等"后市场"潜力，探索盘活闲置车辆增收，支持发展房车露 ...