上市36天后，奇瑞交出一份漂亮的"答卷"。 近日，奇瑞汽车发布了2025年第三季度报告，这也是其9月25日港股上市后交出的首份成绩单。财报数据显示，奇 瑞汽车前三季度实现营收2148.33亿元，去年同期为1821.54亿元，同比增长17.94％；净利润143.65亿元，去年同期 为112.22亿元，同比增长28.01％，盈利能力稳步提升。 | | | 截至9月30日止九個月 | | --- | --- | --- | | | 2025年 | 2024年 | | | 人民幣百萬元 | 人民幣自萬元 | | | (未經審計) | (未經審計) | | 收入 | 214,833 | 182,154 | | 销售成本 | (185,369) | (155.150) | | 毛利 | 29.464 | 27.004 | | 其他收入及收益 | 9,139 | 4.109 | | 銷售及分銷開支 | (8.477) | (5.804) | | 行政開支 | (4,111) | (4.748) | | 研發開支 | (7,878) | (6.553) | | 金融及合約資產減值(損失)／收益淨額 | (88) | 477 ...

10月30日，神龙汽车有限公司总经理吕海涛来到武汉经开区管委会，与市委常委、武汉经开区党工委书 记刘子清交流座谈。双方达成共识，将持续深化战略合作，共同探索中法合资新范式，助力神龙汽 车"满血归来"。 武汉经开区因车而建，因东风而兴。这里的车，指的是神龙汽车。早在1992年，法国标致雪铁龙集团就 与东风汽车在武汉经开区合资组建了神龙汽车。作为中国最早的合资车企业之一，神龙汽车在武汉、襄 阳、成都建有生产基地，生产销售的东风标致、东风雪铁龙累计用户超过650万，在振兴中国汽车工 业、实现"轿车进家庭"的历史进程中，留下了坚实的"神龙"足迹。 2023年10月，斯泰兰蒂斯集团与东风集团对神龙汽车未来发展规划达成一致，支持神龙汽车加快融入东 风新能源事业版图，以"神龙造、全球销"为战略转型方向，构建新格局、打造新神龙。 斯泰兰蒂斯集团由法国标致雪铁龙集团、意大利菲亚特克莱斯勒集团于2021年合并组建，现为神龙汽车 的外方股东。 今年以来，神龙汽车动作频频，不断加快向电动化、智能化、网联化转型的步伐，打造"新神龙"。今年 3月，武汉经开区与神龙汽车签署东风纳米新能源车型生产基地项目投资合作协议，支持神龙汽车武汉 工厂 ...

11月3日，由梅赛德斯-奔驰星愿基金（下称"星愿基金"）公益支持的"九重之下——故宫造办处旧址考古成果展"在故宫博物院永寿宫正式开展。该展览 将于2025年11月4日至2026年2月8日期间，面向游客免费开放。作为故宫博物院建院百年系列特展中的考古类专题成果展，本次展览内容横跨元、明、清三 代，系统展示古建营造技艺、造办处匠人劳作与生活风貌，以及中西方技艺交流的重要历史实证，生动再现了紫禁城"九重之下"的历史人文图景。 2020年，经国家文物局批准，故宫博物院考古部与星愿基金共同启动"造办处建筑遗址考古研究"项目。5年来，考古工作以"最小干预、微创发掘、见面 即停、拼缀复原"为原则，发掘面积约2,300平方米，逐步还原出紫禁城地下遗址的历史年代、建筑格局和工艺体系。造办处的考古发现，不仅为北京中轴线 历史溯源和成功申遗提供了考古依据，更为了解紫禁城的"前世"，解读紫禁城的"地下史书"，阐释紫禁城建筑历史文化价值，丰富北京建筑史等提供了最新 的历史实证。 基于保护与传承文化瑰宝的价值共识，梅赛德斯-奔驰星愿基金自2018年起与故宫博物院开启公益战略合作，全面支持故宫博物院在文物保护、古建修 缮、考古研究、技艺传 ...

此外，NBIM 周二还表示，将对三名面临连任表决的特斯拉董事会成员中的两人投反对票。 特斯拉董事会正积极推动股东批准此项计划，公司董事长罗宾・德诺姆（Robyn Denholm）上周警告称，若该交易遭否决，马斯克可能会离开公司。 据路透社分析，尽管该薪酬计划在 10 年内可能授予马斯克价值高达 1 万亿美元的股票，但由于授予时将扣除股票的行权成本，马斯克实际可获得的价值略 低，最高约为 8780 亿美元（现汇率约合 6.25 万亿元人民币）。 挪威央行投资管理公司（Norges Bank Investment Management，简称 NBIM）在其官网表示："尽管我们认可马斯克先生富有远见的领导为公司创造的重大价 值，但我们仍对此次奖励的总规模、股权稀释效应以及缺乏对关键人物风险的有效缓释措施感到担忧—— 这与我们一贯的高管薪酬立场一致。" 该基金目前持有特斯拉 1.12% 的股份，市值约 170 亿美元，为特斯拉第七大股东。此前，该基金也曾投票反对马斯克上一轮价值最高达 560 亿美元（现汇 率约合 3988.21 亿元人民币）的薪酬计划，此举曾引发马斯克强烈不满，他随后拒绝了出席奥斯陆一场会议的邀请。 ...

11月3日，赛力斯发布H股公开发行价格公告，确定本次H股发行的最终价格为每股131.50港元。公司本次发行的H股预计于2025年11月5日在香 港联交所主板挂牌并开始上市交易。 公开信息显示，赛力斯于今年4月提交在港上市申请，至9月获中证监批出境外上市备案通知书，拟发行不超过3.31亿股境外上市普通股。10月 13日，赛力斯集团股份有限公司通过港交所上市聆讯，并于10月27日启动国际配售和香港公开发售。 此外，赛力斯发布了10月产销快报，赛力斯新能源汽车当月销量达51,456辆，同比增长42.89%，创历史新高；今年1-10月累计销量已达356,085 辆。 根据前三季度财报，赛力斯实现营业收入1,105.34亿元，归属于上市公司股东的净利润为53.12亿元，同比增长31.56%。截至10月31日港股公开 发售结束，市场反应热烈，香港公开招股部分预计获超百倍超额认购，融资认购金额超过1,200亿港元。 ...

Core Viewpoint - DBS has lowered the target price for Great Wall Motors (02333) from HKD 23 to HKD 19, reflecting a forecasted price-to-earnings ratio of 10 times for next year, down from 12 times for this year, while maintaining a "Buy" rating [1] Group 1: Company Strategy - Great Wall Motors is accelerating its overseas expansion to enhance growth momentum, anticipating a slowdown in the domestic Chinese automotive market by 2026 [1] - The company has planned an overseas production network to support sales and improve investment returns, including a factory in Brazil with a capacity of 50,000 units targeting Latin America and a factory in Thailand with a capacity of 80,000 units for the ASEAN/Asian market [1] - These facilities will produce models from the Haval series (H6, H9, etc.), ORA, and more, aiming to shorten delivery times and mitigate the impact of slowing growth in the Russian market, which accounts for approximately 10% of its automotive sales [1] Group 2: Financial Performance - Great Wall Motors experienced pressure on gross margin in the third quarter, with a year-on-year decrease of 1.3 percentage points and a quarter-on-quarter decrease of 1.6 percentage points to 17.2%, primarily due to increased advertising and promotional expenses for new models and the expansion of direct sales channels [1] - DBS expects that the expanded network will lead to higher sales efficiency, allowing the product gross margin to stabilize at around 19% by 2026 [1] - The bank forecasts a compound annual growth rate of 10% for Great Wall Motors' earnings from 2024 to 2026, supported by a revenue growth rate of 13.7% [1]

近日，安徽江淮汽车集团股份有限公司通过公告披露两项关键人事动态，分别完成第九届董事会候选人 提名及职工董事选举，为董事会换届工作奠定基础。 选举第九届董事会职工董事 11月3日晚，江淮汽车发布关于选举第九届董事会职工董事的公告，公告显示，经公司职工代表大会选 举，盛保柱先生当选安徽江淮汽车集团股份有限公司第九届董事会职工董事。本次选举产生的职工董事 将与公司股东会选举产生的董事共同组成公司第九届董事会，任期三年。 盛保柱：男，1975年6月生，中共党员，专科学历，现为安徽江淮汽车集团股份有限公司商用车制造事 业部冲焊厂钳工特级技师。先后获得国务院津贴、安徽省技能大奖、全国五一劳动奖章、江淮杰出工 匠、第五届《汽车风云盛典》风云汽车工匠、全国劳动模范等荣誉称号。 选举公司第九届董事会独立董事 10月31日，江淮汽车发布八届三十次董事会决议公告，公告显示，八届三十次董事会会议通知于2025年 10月25日送达。本次董事会会议于2025年10月30日以通讯方式召开。会议审议通过《关于选举公司第九 届董事会独立董事的议案》。 个人简历 许远怀：男，1970年11月生，中共党员，本科学历，工程师。历任安徽省电力开发总公 ...

Group 1 - The core viewpoint of the article is that Great Wall Motors is accelerating its international expansion to enhance growth momentum, anticipating a slowdown in the domestic Chinese automotive market by 2026 [1] - DBS has lowered the target price for Great Wall Motors from HKD 23 to HKD 19, which corresponds to a projected price-to-earnings ratio of 10 times for next year, down from a previous estimate of 12 times for this year, while maintaining a "Buy" rating [1] - The company has planned an overseas production network to support sales and improve investment returns, including a factory in Brazil with a capacity of 50,000 units targeting Latin American markets such as Mexico, Argentina, and Chile, and a factory in Thailand with a capacity of 80,000 units aimed at the ASEAN/Asian markets [1] Group 2 - Great Wall Motors is expected to face pressure on gross margins in the third quarter, with a year-on-year decrease of 1.3 percentage points and a quarter-on-quarter decrease of 1.6 percentage points to 17.2%, primarily due to increased advertising and promotional expenses for new models and the expansion of direct sales channels [1] - DBS anticipates that the expanded network will lead to higher sales efficiency, allowing the product gross margin level to stabilize at around 19% by 2026 [1] - The bank projects a compound annual growth rate of 10% for Great Wall Motors' earnings from 2024 to 2026, supported by a revenue growth rate of 13.7% [1]

Group 1 - Samsung SDI has secured a 3 trillion KRW (approximately 14.91 billion RMB) order to supply energy storage system batteries to Tesla for a duration of three years [1] - Samsung SDI has recently announced the mass production of the 4695 cylindrical battery, becoming the first company in South Korea to produce this type of battery [2] - The 4695 battery is produced at the Cheonan factory in South Korea and assembled in Vietnam, primarily targeting the micro-mobility market [2] Group 2 - Samsung SDI has initiated dry electrode verification work, which is expected to reduce the cost of all-solid-state batteries and enhance manufacturing competitiveness [2] - The company is actively expanding into the U.S. market, planning to collaborate with General Motors to build a battery factory in Indiana and considering converting some facilities to produce lithium iron phosphate batteries [2] - In the robotics battery sector, Samsung SDI has signed an agreement with Hyundai Kia to jointly develop high-performance batteries tailored for the robotics industry [2]

Group 1 - The core viewpoint of the reports indicates that Geely Automobile's (00175) new energy brand is gaining momentum, with accelerating profitability expected from 2025 to 2027, projecting revenues of 404.78 billion, 489.69 billion, and 572.83 billion yuan, and net profits of 16.21 billion, 22.09 billion, and 25.97 billion yuan respectively, with an EPS of 1.61, 2.19, and 2.58 yuan, maintaining a "recommended" rating [1] - In October, the company achieved total wholesale sales of 307,000 units, representing a year-on-year increase of 35.5% and a month-on-month increase of 12.5%, with export sales of 42,000 units, showing a month-on-month increase of 2.2% [1] - The launch of the new hybrid sedan, Xingyao 6, under the Galaxy brand on October 30, features a price range of 68,800 to 99,800 yuan and is equipped with advanced technologies such as the new generation Raytheon AI hybrid system and intelligent cockpit [1] Group 2 - The company announced a share repurchase plan with a maximum amount of 2.3 billion HKD, which will be executed in the open market through an automated mechanism, reflecting confidence in long-term development and aiming to optimize capital structure and enhance EPS [2] - Geely and Zeekr submitted a CB form to the U.S. Securities and Exchange Commission, with the "big merger" expected to be completed by the end of this year, promoting the "One Geely" strategy to enhance operational efficiency and reduce costs [2]