Core Insights - Great Wall Motors reported a total production of 140,500 units in October 2025, representing a year-on-year increase of 22.01% compared to 115,153 units in the same month last year [2] - Cumulative production from January to October 2025 reached 1,060,316 units, up 9.7% from 966,579 units in the same period last year [2] - Total sales in October 2025 were 143,078 units, a 22.5% increase from 116,799 units in October 2024 [2] - Cumulative sales for the first ten months of 2025 were 1,066,436 units, reflecting a 9.87% increase from 970,612 units in the same period last year [2] Brand Performance - Haval brand sold 88,235 units in October 2025, a 21.41% increase from 72,675 units in the same month last year; cumulative sales for the year reached 616,718 units, up 13.28% from 544,423 units [3] - WEY brand experienced significant growth, with October sales of 12,699 units, a 95.79% increase from 6,486 units last year; cumulative sales reached 76,292 units, up 96.25% from 38,874 units [4] - Great Wall Pickup sold 14,088 units in October, a 9.31% increase from 12,888 units last year; cumulative sales for the year were 150,311 units, up 3.66% from 145,006 units [4] - Ora brand saw a slight increase in October sales to 5,648 units, up 1.58% from 5,560 units last year; however, cumulative sales dropped 32.99% to 35,334 units from 52,726 units [5] - Tank brand sold 22,306 units in October, a 16.64% increase from 19,123 units last year; cumulative sales were 187,449 units, a slight decrease of 0.79% from 188,933 units [5] Production Insights - Haval brand's production in October was 83,874 units, a 12.15% increase from 74,785 units last year; cumulative production reached 597,777 units, up 7.65% from 555,313 units [3] - WEY brand's production doubled in October to 13,079 units, a 100.88% increase from 6,511 units last year; cumulative production reached 79,546 units, up 100.02% from 39,770 units [4] - Great Wall Pickup's production in October was 14,822 units, a 21.94% increase from 12,155 units last year; cumulative production reached 152,456 units, up 9.13% from 139,695 units [4] - Tank brand's production in October was 22,325 units, a 40.01% increase from 15,945 units last year; cumulative production reached 193,734 units, up 5.76% from 183,183 units [5] Export and New Energy Vehicle Sales - Great Wall Motors exported 57,158 units in October 2025, with cumulative overseas sales reaching 391,339 units for the year, indicating stable performance in international markets [5] - Sales of new energy vehicles in October totaled 46,155 units, with cumulative sales for the first ten months reaching 324,618 units, highlighting the importance of this segment for overall sales growth [5]

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） ，2025 11 2 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。 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13.10B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10月產銷快報」。 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 職工董事：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、范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 10 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 ...

股 份 代 號 ： 02 33 3（ 港 幣 櫃 台 ） 及 823 33（ 人 民 幣 櫃 台 ） 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 ） 自願公告 2025年10月產銷快報 本公告乃由長城汽車股份有限公司（「本公司」）自願刊發。 本公司董事會謹此宣佈，本公司於2025年10月產銷量詳細如下(單位:台)： | 車型 | | | 銷量 | | | | | | 產量 | | | | --- | --- | --- | --- | --- | --- | --- | --- ...

证券代码：601633 证券简称：长城汽车 公告编号：2025-122 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 10 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。 本公告乃由长城汽车股份有限公司（「本公司」）自愿刊发。 10月海外销售57,158台，1-10月累计销售391,339台。 10月新能源车销售46,155台，1-10月累计销售324,618台。 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。 本公司董事会谨此宣布，本公司于2025年10月产销量详细如下(单位:台)： 长城汽车股份有限公司董事会 2025年11月2日 | 车型 | | | 销量 | | | | | | 产量 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 月度同比 | ...

Core Insights - Great Wall Motors reported a revenue increase in Q3 but experienced a significant decline in net profit, indicating challenges in profitability despite higher sales [1][2]. Financial Performance - The company achieved a revenue of 61.25 billion yuan in Q3, representing a year-on-year growth of 20.51% [1][2]. - Net profit attributable to shareholders was 2.30 billion yuan, down 31.23% compared to the previous year [1][2]. - Basic earnings per share were 0.27 yuan, a decrease from 0.39 yuan in the same period last year [2]. Sales and Expenses - Sales expenses surged to 7.95 billion yuan, a substantial increase of 55.74% from 5.11 billion yuan in the previous year [3]. - For the first nine months of the year, Great Wall Motors sold 919,800 vehicles, marking an 8.03% increase year-on-year [3]. - The sales of the Ora brand, targeting the female market, were disappointing, with only 30,000 units sold, down 30.12% year-on-year [3]. Brand Performance - The Haval, Great Wall Pickup, and Tank brands showed slight growth, while the high-end WEY brand experienced a remarkable increase of 99.85% [3]. - Overseas sales remained strong, with 334,200 units sold in the first nine months, accounting for 36.2% of total sales [3]. New Energy Vehicles - Great Wall Motors sold 278,500 new energy vehicles in the first nine months, representing 30.28% of total sales [3]. - The company's new energy vehicle penetration rate is projected to be 26.1% in 2024, still below the overall market penetration rate of approximately 50% [3].

Core Insights - The automotive sector in Shanghai has shown positive sales signals in September, with several companies reporting significant year-on-year growth in sales [1] Group 1: Company Performance - SAIC Motor Corporation Limited (SAIC) reported a September sales volume of 439,000 vehicles, marking a year-on-year increase of 40% and a month-on-month increase of 21% [1] - Major divisions within SAIC, such as SAIC-GM, SAIC Passenger Cars, SAIC-GM Wuling, and SAIC Maxus, experienced substantial growth, with year-on-year increases of 124%, 72%, 44%, and 36% respectively [1] - The sales of Zhiji Motors under SAIC surged by 77% year-on-year [1] - Great Wall Motor Company Limited achieved a September sales volume of 133,600 vehicles, reflecting a year-on-year increase of 23%, with its Haval brand selling 82,000 units, up 30% year-on-year [1] - BAIC Foton Motor Co., Ltd. reported sales of 55,000 vehicles in September, a year-on-year increase of 11% [1] Group 2: New Energy Vehicle Performance - Foton's new energy vehicle sales reached 8,624 units in September, representing a year-on-year increase of 113% [1] - Dongfeng Motor Corporation sold 2,086 new energy vehicles in September, with a year-on-year growth exceeding 87% [1] - SAIC's new energy vehicle sales totaled 189,000 units in September, reflecting a year-on-year increase of over 46% [1]

Group 1 - Cao Dewang responded to criticism about being generous in charity but strict with employees, stating that his charitable donations come from personal funds, not company funds. He emphasized that the average monthly salary for employees is around 10,000 yuan, which is slightly above the industry average, to maintain competitiveness and risk resilience [3][5]. - The resignation of Zong Fuli from Wahaha Group was attributed to trademark usage non-compliance, leading her to independently operate her brand "Wawa Xiaozong" [8][9]. - ByteDance announced a new employee support scheme for those laid off due to organizational adjustments, offering up to 7.2 million yuan in transitional subsidies over six months [9][10]. Group 2 - Qualcomm is under investigation by China's market regulator for allegedly failing to report its acquisition of Autotalks, which may violate antitrust laws [10]. - Longxin Technology has completed its IPO counseling, with a valuation exceeding 140 billion yuan, positioning itself as a leading player in the DRAM market [27]. - BYD's 14 millionth new energy vehicle was rolled off the production line in Brazil, with the Brazilian president becoming the owner of this vehicle [25].

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 ...

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 ： 02 33 3（ 港 幣 櫃 台 ） 及 823 33（ 人 民 幣 櫃 台 ） 自願公告 2025年9月產銷快報 9月海外銷售50,269台，1-9月累計銷售334,181台。 9月新能源車銷售45,961台，1-9月累計銷售278,463台。 務請注意，上述產銷量數字未經審核，亦未經本公司審計師確認，或會予以調整並有待最終確認。本公司刊發財務業績後，股東及潛在投資者務必詳閱。 本公告乃承本公司董事會之命而刊發 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [8] Core Views - In August 2025, the company achieved a total sales volume of 116,000 vehicles, representing a year-on-year increase of 22.3% and a month-on-month increase of 10.7%. Among these, export sales reached 45,000 vehicles, accounting for 39.1% of total sales. The sales of new energy vehicles (NEVs) reached 37,000 units, with NEV passenger vehicles accounting for 36.7% of total sales, showing a year-on-year increase of 5.9 percentage points [2][10] - The company is accelerating its global expansion and is committed to transitioning to new energy, with a continuous new vehicle cycle expected to drive improvements in sales and performance. Long-term strategies are expected to open up growth opportunities for sales, while the shift towards smart technology is anticipated to enhance profitability across the entire industry chain [2][10] Summary by Sections Sales Performance - In August 2025, total sales reached 116,000 vehicles, with NEV sales at 37,000 units, marking a year-on-year increase of 50.9%. Cumulatively, from January to August 2025, total sales were 790,000 vehicles, up 5.9% year-on-year, and NEV sales were 233,000 units, up 28.2% year-on-year [10][10] - By brand, Haval sold 68,912 vehicles, Tank sold 20,022 vehicles, WEY sold 8,028 vehicles, Ora sold 5,223 vehicles, and Great Wall Pickup sold 13,322 vehicles in August 2025 [10] Global Expansion - The company has implemented the "ONE GWM" strategy to accelerate its overseas expansion, covering over 170 countries and regions with more than 1,400 overseas sales channels. It has established three complete vehicle production bases in Thailand and Brazil, and several KD factories in Ecuador and Pakistan [10] Financial Projections - The company is expected to achieve net profits of 14.13 billion, 17.12 billion, and 21.52 billion yuan for the years 2025 to 2027, corresponding to A-share P/E ratios of 15.8X, 13.0X, and 10.4X, and Hong Kong stock P/E ratios of 10.6X, 8.8X, and 7.0X respectively [10]