Core Insights - GAC Group reported a total revenue of approximately 96.542 billion yuan for the year 2025, with total vehicle sales reaching 1.7215 million units, of which energy-saving and new energy vehicles accounted for 888,200 units, representing a sales proportion of 51.6% [1] Group 1 - From the second quarter of 2025, the company achieved three consecutive quarters of positive sales growth on a quarter-on-quarter basis [1] - The international business of GAC Group saw significant growth, with a year-on-year increase of approximately 48% in overseas sales of its self-owned brands, expanding operations to 87 countries and regions globally, and establishing 630 sales service outlets [1] Group 2 - The report highlighted that in 2025, the company is promoting localization actions in global markets, initiating a transition from product export to a comprehensive overseas system, and has begun to establish a global production, sales, and service network [1] - GAC Group aims to fully support the development of its international business in 2026, setting a target to achieve overseas sales of 250,000 units [1]

年方35，开场而已 35 years young – and it is only the beginning 2026年3月 Mar. 2026 声明Disclaimer 本介绍片由长城汽车股份有限公司（「公司」）编制，只作企业通讯和一般参考之用。公司无意在任何司 法管辖区使用本介绍片作为出售和招揽他人购买公司任何证券的要约，或用作投资公司证券的决定基础。 未经咨询专业意见的情况下，不得使用或依赖此等全部资料。本介绍纯属简报性质，并非完整地描述公司、 公司业务、目前或过去的经营业绩或业务未来前景。 公司不会为本介绍片发出任何明文或隐含的保证或声明。公司特此强调，不会对任何人使用或依赖本介绍 片的任何资料（财务或其它资料）承担任何责任。 This presentation is prepared by Great Wall Motor Company Limited (the "Company") and is solely for the purpose of corporate communication and general reference only. The presentation is no ...

2026年广汽集团将举全集团之力支持国际化业务发展，挑战2026年海外销量25万辆的目标。 报告披露，广汽集团销量2025年自第二季度起，连续三个季度录得环比正增长。同时公司业务已拓展全 球87个国家和地区、建成销售服务网点630个、布局5家KD工厂，2025年自主品牌海外市场终端销量同 比大幅增长约48%。 3月27日，广汽集团发布2025年业绩。数字显示，广汽集团2025年营业总收入约965.42亿元，全年汽车 销量172.15万辆，节能与新能源车销量合计共88.82万辆，销售占比达51.6%。 ...

广汽集团2025年海外销量录得大幅增长。年报披露广汽集团2025年自主品牌海外终端销量同比大增约 48%，业务已拓展至全球87个国家和地区，建成销售服务网点630个，并已布局5座海外KD工厂。2026 年广汽集团将举全集团之力支持国际化业务发展，挑战2026年实现海外销量25万辆的目标。 格隆汇3月27日｜广汽集团(601238.SH,02238.HK)发布2025年年度报告。报告期内广汽集团营业总收入 约965.4亿元，全年汽车销量172.15万辆。其中节能与新能源车销量共88.82万辆、销售占比达51.6%，公 司首次实现节能与新能源车销售占比过半。 此外，公司录得自2025年第二季度起，连续三个季度实现销量环比正增长。 ...

Core Viewpoint - Great Wall Motors reported a total revenue of 222.82 billion yuan for 2025, marking a year-on-year increase of 10.20%, while the net profit attributable to shareholders decreased by 22.07% to 9.87 billion yuan [1][2][3] Financial Performance - Total revenue for 2025 was 222.82 billion yuan, compared to 2024's 202.19 billion yuan, reflecting a growth of 10.20% [2] - Net profit attributable to shareholders was 9.87 billion yuan, down from 12.66 billion yuan in 2024, a decline of 22.07% [2] - Total profit for the year was 11.76 billion yuan, a decrease of 17.35% from 2024 [2] - The net profit after deducting non-recurring gains and losses was 6.06 billion yuan, down 37.50% from the previous year [2] Sales and Market Strategy - Great Wall Motors achieved new car sales of 1.32 million units in 2025, a year-on-year increase of 7.23% [3] - Overseas sales reached 506,800 units, up 11.6%, while global sales of new energy vehicles were 406,000 units, reflecting a growth of 26% [3] - The company aims to sell no less than 1.8 million vehicles in 2026, with a net profit target of at least 10 billion yuan [3] Product Development and Technology - The company plans to enhance its global strategy with a focus on different market developments for its brands, including Haval and Ora [3][5] - The Coffee Pilot 3 system will be scaled to more models, while the new Coffee Pilot 4 will be introduced in high-end vehicles [3] Risk Management - Great Wall Motors identified two main risks: international geopolitical conflicts and increased competition in the domestic market [5] - The company aims to mitigate these risks through localized operations and a diversified market strategy [5] Dividend Distribution - The company plans to distribute a cash dividend of 0.35 yuan per share to all shareholders [6]

职工董事卢彩娟女士任期，将于2026年6月15日届满，公司职工董事将于届时召开的职工代表大会上重 新选举，新任职工董事将与本公司订立服务协议，任期自服务协议订立之日起至第九届董事会届满。 建议第九届董事会由8名董事组成。魏建军先生、赵国庆先生、李红栓女士(执行董事);何平先生(非执行 董事);新任职工董事;以及范辉先生、邹兆麟先生、田雅娟女士(独立非执行董事)。 智通财经APP讯，长城汽车(02333)发布公告，根据《公司章程》要求及本公司股东保定创新长城资产管 理有限公司提名，执行董事魏建军先生、赵国庆先生、李红栓女士，非执行董事何平先生符合资格，将 于股东周年大会上重选连任。根据本公司董事会建议，独立非执行董事范辉先生、邹兆麟先生符合资 格，将于股东周年大会上重选连任。独立非执行董事乐英女士任期已满六年，不再重选连任。本公司董 事会建议提名田雅娟女士为本公司第九届董事会独立非执行董事，以代替乐英女士，田雅娟女士愿意参 选本公司独立非执行董事，于股东周年大会获委任为董事的前提下，魏建军先生、赵国庆先生、李红栓 女士、何平先生、邹兆麟先生、范辉先生、田雅娟女士将与本公司签订服务协议，任期自2025年年度股 东 ...

Report Summary 1. Investment Rating The given content does not mention the investment rating of the industry. 2. Core View On March 26, the central bank's reverse repurchase operation volume increased, the capital market was generally loose, the bond market continued its warm trend, the main indices of the convertible bond market collectively declined, and most convertible bond issues fell. Yields on U.S. Treasuries of various maturities generally rose significantly, and yields on 10-year government bonds of major European economies generally rose significantly [2]. 3. Summary by Directory 3.1 Bond Market News - **Domestic News**: Trump plans to visit China from May 14 - 15; the Ministry of Commerce will optimize the inbound consumption environment and expand service exports; the National Healthcare Security Administration will cover the whole population with long - term care insurance in about 3 years; the State Administration for Market Regulation held an enterprise fair competition symposium [4][5][6]. - **International News**: Trump postponed the strike on Iranian energy facilities by ten days; U.S. Treasury auctions this week were weak, and the decline of U.S. Treasuries intensified [7]. - **Commodities**: WTI May crude oil futures rose 4.61% to $94.48 per barrel, Brent May crude oil futures rose 5.66% to $108.01 per barrel, COMEX gold futures fell 2.131.35% to $4407.50 per ounce, and NYMEX May natural gas futures fell 0.37% to $2.974 per million British thermal units [8]. 3.2 Capital Market - **Open Market Operations**: On March 26, the central bank conducted 224 billion yuan of 7 - day reverse repurchase operations with an operating interest rate of 1.40%, and the net capital injection on the day was 211 billion yuan [10]. - **Capital Interest Rates**: On March 26, the central bank's reverse repurchase operation volume increased, and the capital market was generally loose. DR001 remained flat at 1.321%, and DR007 fell 0.09bp to 1.444% [11]. 3.3 Bond Market Dynamics - **Interest - rate Bonds** - **Spot Bond Yield Trends**: On March 26, the bond market continued its warm trend. As of 20:00 Beijing time, the yield of the 10 - year Treasury bond active issue 250022 fell 0.40bp to 1.8230%, and the yield of the 10 - year China Development Bank bond active issue 250220 remained flat at 1.9730% [14]. - **Bond Tendering Situation**: Information on the tendering of multiple bonds such as 25 Guokai Qingfa 07 (Additional Issue 19) is provided [16]. - **Credit Bonds** - **Secondary Market Transaction Abnormalities**: On March 26, 4 industrial bonds and 1 urban investment bond had transaction price deviations of more than 10% [17][18]. - **Credit Bond Events**: Companies such as Taihe Group, Sunshine City, and Sunac Real Estate announced debt - related issues, and some companies cancelled bond issuances [19][21]. - **Convertible Bonds** - **Equity and Convertible Bond Indices**: On March 26, the three major A - share indices and convertible bond market indices collectively fell. The trading volume of the convertible bond market was 61.446 billion yuan, a decrease of 13.382 billion yuan from the previous trading day [20]. - **Convertible Bond Tracking**: Longda Convertible Bond announced that it was about to trigger the conversion price downward - revision clause, and Tianhao Convertible Bond and Tianyuan Convertible Bond announced that they were about to trigger the early redemption clause [26]. - **Overseas Bond Markets** - **U.S. Bond Market**: On March 26, yields on U.S. Treasuries of various maturities generally rose significantly. The 2/10 - year U.S. Treasury yield spread narrowed by 3bp to 46bp, and the 5/30 - year U.S. Treasury yield spread narrowed by 8bp to 85bp. The break - even inflation rate of the 10 - year U.S. Treasury Inflation - Protected Securities (TIPS) rose 3bp to 2.34% [23][24][25]. - **European Bond Market**: On March 26, yields on 10 - year government bonds of major European economies generally rose significantly [26][27]. - **Daily Price Changes of Chinese - funded U.S. Dollar Bonds**: Information on the daily price changes of Chinese - funded U.S. dollar bonds as of the close on March 26 is provided [28].

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） 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年年度報告」。 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 中國河北省保定市，2026 年 3 月27 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。 职工董事：盧彩娟女士。 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 长城汽车股份有限公司 2025 年年度报告 公司代码：601633 公司简称： ...

Group 1 - Leap Motor's A10 global launch with a price range of 65,800 to 86,800 yuan, featuring two versions with 403km and 505km range, equipped with advanced driving assistance and dual Qualcomm chips [2] - IM Motors' LS8 SUV pre-sale starting at 259,800 to 309,800 yuan, offering five and six-seat versions, built on a fully controlled architecture with advanced AI and L4 upgrade capability [2] - Volkswagen China confirms Skoda's continued sales in China until mid-2026, focusing on high-growth markets like India and ASEAN after strategic adjustments [3] Group 2 - Skoda, established in 1895, was introduced to China in 2005 and peaked at 340,000 units sold in 2018, making it the largest single market for the brand [3] - Ninebot collaborates with Pop Mart to launch a co-branded electric vehicle targeting young consumers, set to debut in April [3]

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） 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 務報表及審計報告（2025年12月31日止年度）」。 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 海外監管公告 中國河北省保定市，2026 年 3 月27 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。 职工董事：盧彩娟女士。 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 长城汽车股份有限公司 财务报表及审计报告 二零二 ...