证券代码：601633 证券简称：长城汽车 公告编号：2025-120 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 9 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。 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。 长城汽车股份有限公司董事会 2025年10月1日 1 本公告乃由长城汽车股份有限公司（「本公司」）自愿刊发。 本公司董事会谨此宣布，本公司于2025年9月产销量详细如下(单位:台)： | 车型 | | | 销量 | | | | | | 产量 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 月度同比 | | | 年度同比 | | | 月度同比 | | | 年度同比 | | | | | 本月 | 去年同期 | 增减(%) | 本年累计 | 去 ...

Core Insights - The overall macroeconomic environment in China continues to expand, with the automotive industry showing a year-on-year growth of over 10% in production and sales for August 2025 [1] - The "Two New" policies are effectively stimulating personal consumption loans and fiscal subsidies, leading to a high enthusiasm for new model launches by companies [1] Production and Sales Data - In August 2025, automotive production and sales reached 2.815 million and 2.857 million units, respectively, with month-on-month increases of 8.7% and 10.1%, and year-on-year increases of 13% and 16.4% [3] - For the first eight months of 2025, production and sales totaled 21.051 million and 21.128 million units, reflecting year-on-year growth of 12.7% and 12.6% [3] Passenger Vehicle Performance - In August 2025, passenger vehicle production and sales were 2.5 million and 2.54 million units, with month-on-month growth of 9% and 11.1%, and year-on-year growth of 12.5% and 16.5% [5] - From January to August 2025, passenger vehicle production and sales reached 18.338 million and 18.384 million units, showing year-on-year growth of 13.6% and 13.8% [5] New Energy Vehicle Growth - In August 2025, new energy vehicle production and sales were 1.391 million and 1.395 million units, with year-on-year growth of 27.4% and 26.8% [6] - For the first eight months of 2025, production and sales of new energy vehicles totaled 9.625 million and 9.62 million units, reflecting year-on-year growth of 37.3% and 36.7% [6] Commercial Vehicle Statistics - In August 2025, commercial vehicle production and sales were 315,000 and 316,000 units, with month-on-month growth of 5.9% and 3.4%, and year-on-year growth of 16.4% and 16.3% [7] - From January to August 2025, commercial vehicle production and sales reached 2.713 million and 2.744 million units, with year-on-year growth of 7.1% and 5.2% [7] Export Performance - In August 2025, automotive exports totaled 611,000 units, with month-on-month growth of 6.2% and year-on-year growth of 19.6% [10] - For the first eight months of 2025, automotive exports reached 4.292 million units, reflecting a year-on-year increase of 13.7% [10] Domestic Sales Insights - In August 2025, domestic automotive sales were 2.245 million units, with month-on-month growth of 11.3% and year-on-year growth of 15.6% [11] - From January to August 2025, domestic sales totaled 16.836 million units, showing a year-on-year increase of 12.3% [11]

Core Viewpoint - The automotive industry in China is experiencing steady growth, with production and sales showing over 10% year-on-year increases, supported by favorable policies and strong consumer demand [1]. Production and Sales Data - In August 2025, automotive production and sales reached 2.815 million and 2.857 million units, respectively, with month-on-month increases of 8.7% and 10.1%, and year-on-year increases of 13% and 16.4% [3]. - For passenger vehicles in August 2025, production and sales were 2.5 million units and 2.54 million units, reflecting month-on-month growth of 9% and 11.1%, and year-on-year growth of 12.5% and 16.5% [4]. - From January to August 2025, passenger vehicle production and sales totaled 18.338 million and 18.384 million units, with year-on-year growth of 13.6% and 13.8% [5]. - Overall automotive production and sales from January to August 2025 were 21.051 million and 21.128 million units, showing year-on-year growth of 12.7% and 12.6% [6]. New Energy Vehicles - In August 2025, new energy vehicle production and sales reached 1.391 million and 1.395 million units, with year-on-year growth of 27.4% and 26.8% [7]. - From January to August 2025, new energy vehicle production and sales were 9.625 million and 9.62 million units, reflecting year-on-year growth of 37.3% and 36.7% [7]. Commercial Vehicles - In August 2025, commercial vehicle production and sales were 315,000 and 316,000 units, with month-on-month growth of 5.9% and 3.4%, and year-on-year growth of 16.4% and 16.3% [8]. - From January to August 2025, commercial vehicle production and sales totaled 2.713 million and 2.744 million units, with year-on-year growth of 7.1% and 5.2% [9]. Exports - In August 2025, automotive exports reached 611,000 units, with month-on-month growth of 6.2% and year-on-year growth of 19.6% [10]. - From January to August 2025, automotive exports totaled 4.292 million units, showing a year-on-year increase of 13.7% [11]. Domestic Sales - In August 2025, domestic automotive sales were 2.245 million units, with month-on-month growth of 11.3% and year-on-year growth of 15.6% [12]. - From January to August 2025, domestic automotive sales reached 16.836 million units, reflecting a year-on-year increase of 12.3% [12].

Group 1 - In August, the automotive industry in China produced and sold 2.815 million and 2.857 million vehicles respectively, with month-on-month increases of 8.7% and 10.1%, and year-on-year increases of 13% and 16.4% [2] - From January to August, the total production and sales reached 21.051 million and 21.128 million vehicles, reflecting year-on-year growth of 12.7% and 12.6% [2] - In August, new energy vehicle (NEV) production and sales were 1.391 million and 1.395 million units, with year-on-year growth of 27.4% and 26.8%, accounting for 48.8% of total new vehicle sales [2] Group 2 - In the passenger vehicle sector, production and sales in August reached 2.5 million and 2.54 million units, with month-on-month increases of 9% and 11.1%, and year-on-year increases of 12.5% and 16.5% [2] - From January to August, passenger vehicle production and sales totaled 18.338 million and 18.384 million units, with year-on-year growth of 13.6% and 13.8% [2] - In the commercial vehicle sector, production and sales in August were 315,000 and 316,000 units, with month-on-month increases of 5.9% and 3.4%, and year-on-year increases of 16.4% and 16.3% [3] Group 3 - The overall macroeconomic environment in China continues to show expansion, with automotive production and sales maintaining over 10% year-on-year growth in August [3] - The NEV market and vehicle exports are performing well, while the traditional fuel vehicle market is stabilizing [3] - Policies such as personal consumption loans and fiscal subsidies are being implemented, and there is a high enthusiasm for new model launches among companies [3]

Group 1 - Changan Automobile's production in August reached 217,263 units, representing a year-on-year increase of 23.1%, with a cumulative production of 1,618,562 units for the year, up 4.03% compared to the previous year [1][2] - The sales figures for August showed 233,900 units sold, a year-on-year increase of 25%, with total sales for the year reaching 1,799,760 units, reflecting a growth of 6.38% [1][2] Group 2 - For the self-owned brand segment, August production was 180,751 units, marking a 26.28% increase year-on-year, with cumulative production of 1,344,446 units, up 5.4% [2] - In terms of sales, self-owned brands sold 196,227 units in August, a 29.62% increase year-on-year, with total sales for the year at 1,524,558 units, up 7.98% [2] Group 3 - The production of new energy vehicles in August was 83,302 units, showing a significant year-on-year increase of 71.43%, with a cumulative production of 581,544 units for the year, up 58.36% [2] - New energy vehicle sales reached 88,947 units in August, reflecting an 81.39% year-on-year increase, with total sales for the year at 620,667 units, a growth of 55.92% [2] Group 4 - Changan Automobile reported overseas sales of 404,878 units for the year-to-date [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 。 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：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 .1 0B 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8月產銷快報」。 承董事會命 長城汽車股份有限公司 聯席公司秘書 李紅栓 中國河北省保定市 ，2025年9月1日 於本公告日期，董事會成員如下： 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 海外監管公告 证券代码：601633 证券简称：长城汽车 公告编号：2025-112 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 8 月产销快报 本 ...

Group 1: Market Overview - From August 1 to 17, the retail sales of new energy vehicles in the national passenger car market reached 502,000 units, representing a year-on-year increase of 9% and a month-on-month increase of 12% [1] - The retail penetration rate for new energy vehicles in the national passenger car market is 58.0%, with cumulative retail sales of 6.958 million units this year, up 28% year-on-year [1] - The wholesale of new energy vehicles by manufacturers reached 474,000 units from August 1 to 17, marking an 18% year-on-year increase and a 10% month-on-month increase [1] Group 2: Passenger Car Sales - The total retail sales of passenger cars from August 1 to 17 amounted to 866,000 units, showing a 2% year-on-year increase and an 8% month-on-month increase [4] - Cumulative retail sales for the year reached 13.611 million units, reflecting a 10% year-on-year growth [4] - The wholesale of passenger cars by manufacturers was 841,000 units during the same period, with a year-on-year increase of 20% and a month-on-month increase of 7% [7] Group 3: Economic and Policy Context - The economic growth rate in China for the first half of the year was 5.3%, which has alleviated the pressure for stable growth in various regions [4] - Recent promotional policies in the automotive market have been steadily advancing, with the third batch of subsidy funds distributed in late July [4] - The "trade-in" policy has been gradually restarted, and the subsidy methods have become more diversified, which is expected to improve sales growth in August [4]

1. Report Industry Investment Rating - No relevant content 2. Core Viewpoints of the Report - Natural rubber prices may fluctuate due to the typhoon affecting the rubber tapping process in some producing areas, while synthetic rubber prices may also fluctuate as the upstream raw material price support is insufficient but the automobile production and sales data is stronger than expected. Attention should be paid to the support and pressure levels of natural rubber and butadiene rubber [2]. 3. Summary by Relevant Catalogs Natural Rubber Futures Active Contract - On August 15, 2025, the closing price was 15,905, the trading volume was 404,764 lots, the open interest was 186,459 lots, and the registered warrant volume was 179,930. Compared with the previous day, the closing price increased by 270, the trading volume increased by 22,582 lots, the open interest increased by 4,607 lots, and the registered warrant volume increased by 860 [2]. - The natural rubber basis was -1,180, a decrease of 395 compared with the previous day. The Tianjin - Shanghai standard rubber SCRWF daily spread was -175, a decrease of 25 compared with the previous day; the Shandong - Shanghai standard rubber SCRWF daily spread was -175, unchanged from the previous day; the Yunnan - Shanghai standard rubber SCRWF daily spread was 75, an increase of 50 compared with the previous day [2]. - The natural rubber near - month to continuous - first spread was -145, a decrease of 360 compared with the previous day; the continuous - first to continuous - second spread was -15, an increase of 15 compared with the previous day; the continuous - first to continuous - third spread was -40, a decrease of 35 compared with the previous day [2]. Synthetic Rubber Futures Active Contract - On August 15, 2025, the closing price was 11,815, the trading volume was 63,265 lots, the open interest was 20,356 lots, and the registered warrant volume was 10,470. Compared with the previous day, the closing price increased by 170, the trading volume decreased by 4,888 lots, the open interest decreased by 3,317 lots, and the registered warrant volume remained unchanged [2]. - The synthetic rubber basis was -248.33, a decrease of 170 compared with the previous day. The North China - East China butadiene rubber spread was 0, unchanged from the previous day; the South China - East China butadiene rubber spread was -50, unchanged from the previous day [2]. - The synthetic rubber near - month to continuous - first spread was 65, a decrease of 190 compared with the previous day; the continuous - first to continuous - second spread was -5, a decrease of 5 compared with the previous day; the continuous - first to continuous - third spread was 5, an increase of 5 compared with the previous day [2]. Supply Side - In the coming days, there will be precipitation in major producing areas such as Thailand, Vietnam, and Indonesia. In domestic producing areas, affected by the typhoon, there will be heavy precipitation in Hainan, Guangxi, and other places, and also precipitation in Yunnan and other places. As of August 14, 2025, the weekly capacity utilization rate of butadiene rubber was 62.91%, a decrease of 1.8% compared with the previous week, and the weekly capacity utilization rate of styrene - butadiene rubber was 80.71%, an increase of 1.39% compared with the previous week [2]. Inventory Side - As of August 15, 2025, the weekly warrant total inventory of natural rubber on the Shanghai Futures Exchange was 213,190 tons, an increase of 2,860 tons compared with the previous week; the weekly social inventory of natural rubber in Qingdao was 401,500 tons, a decrease of 12,000 tons compared with the previous week; the bonded area inventory was 85,700 tons, a decrease of 2,000 tons compared with the previous week. As of August 14, 2025, the weekly social inventory of butadiene rubber was 11,531 tons, a decrease of 1,135 tons compared with the previous week [2]. Cost Side - The global natural rubber supply has entered the production - increasing period, and major producing areas at home and abroad have fully started tapping. As of August 15, 2025, the purchase price of rubber latex in the Songkhla market in Thailand was 61.2 baht/kg, unchanged from the previous day, and the daily purchase price of natural rubber latex in the Hainan market was 1,450 yuan/ton, a decrease of 500 yuan/ton compared with the previous day. As of August 15, 2025, the daily average price of butadiene (99.6%) in China was 9,350 yuan/ton, a decrease of 25 yuan/ton compared with the previous day. As of August 13, 2025, the weekly import inventory of butadiene in China was 20,400 tons, an increase of 5,700 tons compared with the previous week [2]. Demand Side - As of August 14, 2025, the weekly operating load rate of all - steel tires in Shandong was 63.07%, an increase of 2.09% compared with the previous week, and the weekly operating load rate of semi - steel tires in China was 72.25%, a decrease of 2.28% compared with the previous week. According to the data of the Passenger Car Association, from July 1st to 31st, the retail sales of the national automobile market were 2.593 million vehicles, a decrease of 311,500 vehicles compared with the previous month. The sales volume of passenger cars in July was 2.287 million vehicles, a decrease of 248,500 vehicles compared with the previous month; the sales volume of trucks in July was 264,000 vehicles, a decrease of 52,200 vehicles compared with the previous month. The automobile market has entered the traditional off - season. From January to July 2025, the cumulative production and sales of automobiles in China were 18.235 million and 18.269 million vehicles respectively, with year - on - year increases of 12.7% and 12% respectively [2].

Core Insights - The overall automotive production and sales in China have shown significant growth, with total production reaching 18.235 million units and sales at 18.269 million units, marking a year-on-year increase of 12.7% and 12% respectively [1] - In July, the production of passenger vehicles was 2.293 million units, with sales at 2.287 million units, reflecting a year-on-year growth of 13% and 14.7% [3] - The market share of Chinese brand passenger vehicles has increased, with sales reaching 1.604 million units in July, a year-on-year growth of 21.3%, accounting for 70.1% of total passenger vehicle sales [5] Production and Sales Data - As of July 31, the cumulative production and sales of passenger vehicles from January to July were 15.838 million and 15.841 million units, respectively, showing year-on-year growth of 13.8% and 13.4% [3] - In July, the total automotive production was 2.591 million units, while sales were 2.593 million units, with month-on-month declines of 7.3% and 10.7% [1] New Energy Vehicles (NEVs) - NEVs have continued to grow rapidly, with July production at 1.243 million units and sales at 1.262 million units, representing year-on-year increases of 26.3% and 27.4% [6] - NEVs accounted for 51.4% of new car sales in July, marking the first time since December last year that the share has exceeded 50% [6] - From January to July, NEV production and sales reached 8.232 million and 8.22 million units, respectively, with year-on-year growth of 39.2% and 38.5% [6] Export Performance - In the first seven months, China's automotive exports totaled 3.68 million units, reflecting a year-on-year increase of 12.8% [10] - Traditional fuel vehicle exports were 2.373 million units, showing a decline of 7%, while NEV exports surged to 1.308 million units, a remarkable year-on-year growth of 84.6% [10] - Chery led the export volume among the top ten companies with 667,000 units, while BYD showed the most significant growth, exporting 553,000 units, a 130% increase year-on-year [10] Market Share of Chinese Brands - From January to July, the sales of Chinese brand passenger vehicles reached 10.873 million units, with a year-on-year growth of 24.4%, resulting in a market share of 68.6%, an increase of 6.1 percentage points compared to the previous year [9]

Core Viewpoint - The automotive market in July 2025 experienced a seasonal decline in production and sales, but year-on-year growth was observed, particularly in the new energy vehicle sector, which continued its rapid growth trend [1][3][6]. Production and Sales Overview - In July 2025, total automotive production and sales reached 2.591 million units and 2.593 million units, respectively, representing a month-on-month decrease of 7.3% and 10.7%, but a year-on-year increase of 13.3% and 14.7% [3]. - Passenger vehicle production and sales in July 2025 were 2.293 million units and 2.287 million units, with month-on-month declines of 6% and 9.8%, and year-on-year increases of 13% and 14.7% [4]. - From January to July 2025, passenger vehicle production and sales totaled 15.838 million units and 15.841 million units, reflecting year-on-year growth of 13.8% and 13.4% [5]. - Total automotive production and sales from January to July 2025 were 18.235 million units and 18.269 million units, showing year-on-year growth of 12.7% and 12% [6]. New Energy Vehicles - In the first seven months of 2025, new energy vehicle production and sales reached 8.232 million units and 8.220 million units, with year-on-year growth of 39.2% and 38.5% [7]. - In July 2025, new energy vehicle production and sales were 1.243 million units and 1.262 million units, marking year-on-year increases of 26.3% and 27.4% [9]. Commercial Vehicles - In July 2025, commercial vehicle production and sales were 298,000 units and 306,000 units, with month-on-month declines of 15.8% and 17.1%, but year-on-year growth of 16.3% and 14.1% [8]. - From January to July 2025, commercial vehicle production and sales totaled 2.397 million units and 2.428 million units, reflecting year-on-year growth of 6% and 3.9% [9]. Domestic and Export Sales - In the first seven months of 2025, domestic automotive sales reached 14.588 million units, showing a year-on-year increase of 11.8% [10]. - In July 2025, domestic automotive sales were 2.018 million units, with a month-on-month decline of 12.7% but a year-on-year increase of 12.6% [12]. - Automotive exports in July 2025 totaled 575,000 units, representing a month-on-month decrease of 2.8% but a year-on-year increase of 22.6% [13].