未經審核之二零二六年二月銷量 吉利汽車控股有限公司(「本公司」，連同其附屬公司統稱為「本集團」）董事會欣然宣佈， 本集團於二零二六年二月的汽車總銷量為206,160部，較去年同期增長約1%。詳細如下： 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佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並表明不會就因本公佈全部或任何部份內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 GEELY AUTOMOBILE HOLDINGS LIMITED | 品牌 | 本月 （部） | 去年同期 （部） | 同比變動 (%) | 今年累計 （部） | 去年同期累計 （部） | 同比變動 (%) | | --- | --- | --- | --- | --- | --- | --- | | 吉利 | 154,934 | 173,633 | -11 | 372,372 | 398,351 | -7 | | 其中: 銀河 | 73,125 | 76,132 | -4 | 156,115 | 169,677 | -8 | | 領克 | 27,359 | 17,238 | 59 | 56,236 | 47 ...

Core Viewpoint - The establishment of the Guizhou International Consolidation Center is facilitating the export of Guizhou products by providing efficient logistics solutions, thereby reducing costs and improving delivery times for local businesses [1][3][17]. Group 1: Logistics and Export Solutions - The Guizhou International Consolidation Center has enabled the export of 165 vehicles and their components to Belarus, utilizing a direct transport route that minimizes handling and transit time [3][9]. - The center addresses the challenges faced by small and medium-sized enterprises in Guizhou, which previously struggled with high shipping costs due to low shipment volumes [5][7]. - The implementation of a "consolidation" model allows multiple small shipments to be combined into a single container, optimizing logistics and reducing costs [7][9]. Group 2: Impact on Local Businesses - The center has significantly improved the export capabilities of Guizhou's agricultural products, which require timely delivery to maintain quality, such as leafy vegetables that face increased spoilage rates with delays [13][15]. - Guizhou WanHui International Trade Co., Ltd. reports a 10% reduction in logistics costs and a 1-2 day decrease in shipping time for their agricultural exports due to the consolidation center [15]. - The center has facilitated the export of over 20 types of Guizhou goods, achieving a bonded business import and export value of 9.06 billion yuan within six months of operation [17]. Group 3: Operational Efficiency - The center leverages customs advantages and streamlined processes to provide "door-to-door" services, enhancing the efficiency of the export process for Guizhou enterprises [9][17]. - The operational model has shifted from a "point-to-point" approach to a "hub-to-hub" consolidation strategy, improving the overall logistics framework for international trade [17].

Group 1: Automotive Industry Overview - In January 2026, the Vehicle Inventory Alert Index for Chinese automotive dealers was reported at 59.4%, a year-on-year decrease of 2.9 percentage points and a month-on-month increase of 1.7 percentage points, indicating inventory levels above the threshold [1] - Various automotive companies reported their January delivery and sales figures, showcasing a mixed performance across the industry [2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19] Group 2: Company-Specific Performance - Xiaomi delivered over 39,000 vehicles in January 2026 [2] - Hongmeng Zhixing reported a total delivery of 57,915 vehicles in January, marking a year-on-year increase of 65.6% [3] - Aion (昊铂埃安) achieved sales of 23,591 vehicles in January, reflecting a growth of 63.9% [16] - NIO delivered 27,182 vehicles in January, up 96.1% year-on-year [7] - Li Auto reported deliveries of 27,668 vehicles in January [8] - Leap Motor achieved total deliveries of 32,059 vehicles, a year-on-year increase of 27% [9] - BYD's January sales of new energy vehicles were 210,051, a decline of 30.11% year-on-year [6] - Great Wall Motors sold 90,312 vehicles in January, an increase of 11.59% [11] - GAC Group reported sales of 116,622 vehicles in January, up 18.47% year-on-year [13] - Geely's total sales for January were 270,200 units, showing a growth of approximately 1% [13] - Chery's total sales across five brands in January decreased by 10.7% year-on-year [13] - SAIC-GM delivered approximately 51,005 vehicles in January, with a year-on-year increase of 8.2% [15] - A total of 40,016 vehicles were delivered by AITO in January, representing an 83% increase year-on-year [4] - Seres reported sales of 43,034 new energy vehicles in January, a significant increase of 140.33% [5] - GAC Trumpchi's terminal sales reached 26,937 vehicles in January, up 2.06% [14] - BAIC Blue Valley's subsidiary reported sales of 8,073 vehicles, an increase of 11.83% [19] Group 3: Leadership Changes - BMW Group announced that Christian Ach will succeed Sean Green as the President and CEO of BMW Group Greater China, effective April 1 [20]

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佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並表明不會就因本公佈全部或任何部份內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 GEELY AUTOMOBILE HOLDINGS LIMITED 未經審核之二零二六年一月銷量 敬請注意，本公佈所披露的數 據為未經審核數字，尚未經本公司核數師確認， 相關數據 或會作出調整，並有待最終確認。 股東及潛在投資者 應於本集團刊發財務業績後， 審慎 閱讀相關財務資料。 承董事會命 吉利汽車控股有限公司 公司秘書 張頌仁 香港，二零二六年二月一日 於本公佈日期，本公司執行董事為李書福先生（主席）、李東輝先生（副主席）、桂生悅先生 （行政總裁）、淦家閱先生及毛鑒明先生；而本公司獨立非執行董事為高劼女士、俞麗萍 女士、朱寒松先生及曾瀞漪女士。 - 2 - 吉利汽車控股有限公司(「本公司」，連同其附屬公司統稱為「本集團」）董事會欣然宣佈， 本集團於二零二 六年一月的汽車總銷量為270,167部，較去年同期增長約1%，其中出口總 銷量和極氪品牌總銷量均較去年同期實現翻倍增長。詳細如下： | 品牌 | 本月 ...

Investment Rating - The investment rating for the automotive industry is "Positive" (maintained) [1] Core Insights - The automotive sector is experiencing significant growth, with notable performances from companies like Xpeng and Geely, which have reported substantial year-on-year increases in deliveries and sales [5][14] - The market is witnessing a shift towards electric vehicles (EVs), with a strong emphasis on autonomous driving technology and AI integration [13][14] - The overall automotive market in China is projected to continue its upward trajectory, with increasing penetration of new energy vehicles [19] Industry News - Xpeng delivered over 420,000 vehicles in 2025, marking a 126% year-on-year increase, and is focusing on full autonomous driving and physical AI production in 2026 [5][13] - Geely's total sales surpassed 4 million vehicles for the first time in 2025, achieving a 26% increase, with a 56% penetration rate for new energy vehicles [5][14] - GAC Group's sales fell by 14.06% in 2025, with GAC Toyota being the only brand to show growth [5][15] - Xiaomi's SU7 model became a bestseller in the 200,000+ yuan category, with over 360,000 units delivered [5][16] - Tesla's Shanghai Gigafactory produced its 5 millionth electric drive system, highlighting its significant role in global EV production [5][18] Market Performance - The automotive sector's performance in the A-share market showed a 2.73% increase, ranking 20th among primary industries [6][28] - The passenger vehicle index rose by 0.71%, while the commercial vehicle index increased by 3.14% [6] - The automotive parts index saw a 3.87% rise, with specific segments like electric control systems and bearings showing notable gains [6][38] Investment Recommendations - For passenger vehicles, there is a strong demand for high-end domestic luxury cars, with recommendations for companies like JAC Motors and Seres, while Geely is identified as a beneficiary [7] - In the automotive parts sector, profitability is expected to improve, with recommendations for companies such as Desay SV and Zhejiang Xiantong, and beneficiaries including Weichai Power and Fuyao Glass [7]

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佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並表明不會就因本公佈全部或任何部份內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 GEELY AUTOMOBILE HOLDINGS LIMITED 未經審核之二零二五年十二月銷量及 - 1 - 除上述所披露的銷量外，寶騰於二零二五年十二月實現汽車銷量15,291部，較去年同期增 長約34%。此外，二零二五年全年 ，寶騰累計實現 汽車銷量162,601部，較去年同期 增長 約7%。 董事會已將本集團二零二六年的銷量目標定為 3,450,000部，較二零二五年所實現 的總銷 量增長約 14% 。其中，吉利品牌 的銷量目標 為2,750,000部，極氪品牌 的銷量目標 為 300,000部，領克品牌的銷量目標為400,000部。此外，新能源汽車 的銷量目標為2,220,000 部，較二零二五年所實現的新能源汽车銷量增長約32%。 敬請注意，本公佈所披露的數 據為未經審核數字，尚未經本公司核數師確認， 相關數據 或會作出調整，並有待最終確認。 股東及潛在投資者 應於本集團刊發財務業績後， 審慎 ...

Core Viewpoint - Geely Automobile has completed the privatization of Zeekr and its delisting from the New York Stock Exchange, making Zeekr a wholly-owned subsidiary, which is expected to enhance operational efficiency and profitability across its brands [1] Group 1: Financial Impact - Geely's share price increased by 3.09%, reaching HKD 18.04, with a trading volume of HKD 705 million [1] - The completion of Zeekr's privatization is projected to increase Geely's net profit by HKD 2 to 3 billion by 2026 [1] Group 2: Operational Efficiency - Post-merger, Geely plans to integrate its automotive business in R&D, marketing, and procurement, leading to a reduction in R&D investment by 10% to 20% [1] - Bill of Materials (BOM) costs are expected to decrease by 5% to 8%, and capacity utilization is anticipated to improve by 3% to 5% [1] - Overall expenses are projected to decline by 10% to 20% due to the integration [1] Group 3: Brand Integration - Following the privatization, Geely's ownership stakes in Zeekr and Lynk & Co will increase from approximately 65% and 82% to 100% [1] - The integration of Geely, Galaxy, Lynk & Co, and Zeekr is expected to leverage synergies for cost reduction and efficiency improvement [1]

Core Viewpoint - The article highlights a personal initiative by a citizen in Chengdu, who has launched a 30-day campaign to report illegally parked vehicles that occupy non-motorized lanes, significantly impacting the safety and efficiency of non-motorized traffic [4][6]. Group 1: Campaign Details - The campaign, initiated by a citizen known as "小多," aims to address the severe issue of illegal parking on Tianfu Avenue, which has led to congestion in non-motorized lanes during peak hours [4]. - As of the ninth day of the campaign, 小多 has reported 92 instances of illegal parking, with 89 of those reports being approved [6][7]. - The process of reporting has become time-consuming, taking approximately one and a half hours to complete a single report due to the need for photo documentation [6]. Group 2: Public Response and Support - The campaign has garnered significant attention on social media, with thousands of users expressing support and sharing similar frustrations regarding illegal parking [7]. - Some comments reflect skepticism about the effectiveness of such reporting, suggesting that the time spent could be better used for other pursuits [7]. - The initiative has highlighted a broader issue of illegal parking in Chengdu, with multiple citizens reporting similar problems in the same area [8]. Group 3: Official Response - The Chengdu Public Security Bureau's Traffic Management Bureau has acknowledged the issue and stated that they will increase patrols and enforcement in response to public complaints [8]. - The bureau has committed to improving traffic order by enhancing the frequency of inspections and management efficiency in areas with reported violations [8].

Core Viewpoint - Geely Automobile is advancing its "One Geely" strategy with the privatization of Zeekr, marking a significant step in its core integration efforts, expected to be completed by December 29, 2025 [1] Summary by Sections Privatization Details - The privatization transaction involves a dual-option compensation structure for Zeekr shareholders, with a cash and share option available [3] - Approximately 70.8% of eligible Zeekr shareholders opted for shares, resulting in the issuance of 777,228,611 shares, which represents 7.7% of Geely's total issued share capital as of the selection deadline [4] - The remaining 29.2% of shareholders chose cash compensation, amounting to approximately $701 million [4] Financial Performance - Geely's financial performance has shown significant growth, with a revenue of 239.5 billion yuan in the first three quarters of the year, a 26% year-on-year increase, and a net profit of 10.62 billion yuan, up 59% [5] - Vehicle sales reached 2.1702 million units, a 46% increase year-on-year, with electric vehicle sales soaring by 114% [5] - The company's market share increased to 10.2%, reflecting a 28.1% year-on-year growth [5] Cash Reserves and Cost Management - As of September 2025, Geely's total cash level reached 60.1 billion yuan, with net cash at 45.2 billion yuan, providing a solid foundation for the cash compensation in the privatization [6] - The company has improved operational efficiency, with management expenses decreasing to 1.8% and R&D expenses to 6.1% of revenue [6] Share Buyback Program - Geely announced a share buyback program with a maximum amount of 2.3 billion HKD, aimed at optimizing capital structure and enhancing per-share earnings [7][8] - The first round of buybacks was completed on December 8, 2025, with an expenditure of 27.116 million HKD for 1.534 million shares [7] Strategic Value of the Merger - The merger with Zeekr is expected to create synergies across various dimensions, enhancing Geely's market coverage in mainstream, mid-to-high-end, and luxury segments [8] - The integration will leverage Zeekr's technology and brand advantages in the luxury electric vehicle sector, complementing Geely's existing product lines [8] - The combined resources in supply chain, manufacturing, and global marketing are anticipated to improve overall profitability and shareholder returns [8]

Core Viewpoint - The "Understanding China" International Conference held in Guangzhou from November 30 to December 2, 2025, focused on "New Layout, New Development, New Choices - Chinese Modernization and the New Global Governance Pattern," gathering over 800 representatives from 72 countries and regions [3][4]. Group 1: Role of Overseas Chinese - Overseas Chinese play an irreplaceable role in breaking information barriers and eliminating misunderstandings about China, fostering cross-cultural understanding and trust [3]. - The conference highlighted the significant contributions of overseas Chinese to China's development and international cooperation, especially in the context of the complex global landscape [4]. - Guangdong, as China's largest overseas Chinese hometown, has over 30 million overseas Chinese distributed across more than 160 countries and regions, showcasing the province's unique advantages [4][6]. Group 2: Guangdong's Economic Performance - Guangdong has maintained the highest GDP among all provinces in China for 36 consecutive years, contributing nearly 40% of the country's foreign trade growth [6]. - The province boasts nine trillion-level industrial clusters, including new energy, and has ranked first in innovation capabilities for eight consecutive years [6]. - The Shenzhen, Hong Kong, and Guangzhou technology clusters were recognized as the world's best by the World Intellectual Property Organization in September [6]. Group 3: Cultural Exchange Initiatives - Guangdong has launched various initiatives to strengthen ties with overseas Chinese, including high-profile conferences and cultural exchange programs aimed at enhancing understanding of China's modernization [7]. - The province has organized over 40,000 overseas Chinese youth to participate in summer and winter camps, promoting a correct understanding of China and recognition of Chinese culture [7]. - Efforts are being made to create small yet impactful cultural projects that encourage overseas Chinese youth to share stories of China's resistance during World War II [7]. Group 4: Media and Communication - Overseas Chinese media platforms, such as "Chinese Headlines," have expanded their reach to 138 countries and regions, playing a crucial role in conveying China's voice [8][10]. - The transformation of overseas Chinese media into integrated media platforms is underway, enhancing their ability to communicate effectively and accurately about China [10]. - The importance of establishing effective communication channels to present a real, multi-dimensional view of China to the overseas Chinese community is emphasized [10]. Group 5: Economic and Trade Relations - The "Belt and Road" initiative is expected to see the Bay Area's export volume reach 5.68 trillion yuan by 2024, with an 8.5% year-on-year growth, significantly outpacing GDP growth [14]. - Overseas Chinese are seen as a vital resource in facilitating the internationalization of Chinese enterprises, helping to establish trade connections across various countries [14][16]. - The support from overseas Chinese is crucial for Chinese companies as they expand globally, with a focus on leveraging their networks to enhance market presence [14][16].