对于宝马集团的三季度财报，董事会成员瓦尔特·默特尔表示，美国加征关税已对公司业绩造成明显影 响，第三季度宝马汽车业务息税前利润率下降了1.75个百分点，预计全年将总共降低约1.5个百分点。默 特尔同时指出，关税因素也将拖累现金流表现，集团全年自由现金流预期从原先的逾50亿欧元下调至逾 25亿欧元。 新华财经柏林11月9日电（记者李函林）在近几周穿梭于德国柏林、埃兰根和慕尼黑的多场财报发布会 现场，"关税"无疑成为最常被提起的高频词。无论是汽车制造商还是工业技术巨头，高管在解读业绩时 都不可避免地谈到美国加征关税带来的压力与影响。 7月27日，欧盟委员会主席冯德莱恩与美国总统特朗普达成协议，美国自8月起对大多数欧盟产品征收 15%的关税。如今百日已过，德国舆论普遍批评这一协议，认为欧洲在谈判中让步过大，而德国作为欧 盟出口大国首当其冲。关税的后果，正逐步在企业财报中显现出来。 "在过去一年中，贸易关税对我们造成了显著影响。仅在2025财年，关税就使集团利润减少约4亿欧元。 这是一个相当大的数额……我想再次强调，4亿欧元的关税负担绝非小事。"11月5日，在这家全球顶尖 医疗设备制造商的财报发布会上，西门子医疗首席 ...

Core Insights - BMW Group reported a decline in revenue for the third quarter and the first three quarters of 2023, with third-quarter revenue at €32.314 billion, down 0.3% year-on-year, and year-to-date revenue at €99.999 billion, down 5.6% [1] - The group's earnings before tax (EBT) for the first three quarters totaled €8.056 billion, reflecting a 9.1% decrease compared to the previous year [1] - Despite the revenue decline, BMW Group's global customer deliveries increased by 2.4% year-on-year to 1.796 million units in the first three quarters, with significant growth in the European (8.6%) and U.S. (9.5%) markets [1] - BMW Group anticipates that its automotive business segment's EBIT margin will remain in the range of 5%-6% by 2025, with a slight increase in total deliveries expected for the year [1]

Core Viewpoint - The company reported a slight increase in revenue for the first three quarters of 2025, but a significant decrease in net profit, indicating challenges in the market and operational adjustments made to maintain performance [10][11]. Financial Performance - The company achieved operating revenue of 3.23 billion yuan, a year-on-year increase of 3.95% [10]. - The net profit attributable to shareholders was -89.05 million yuan, a year-on-year decrease of 58.35% [10]. - The net profit after deducting non-recurring gains and losses was -93.24 million yuan, a decrease of 8.55% year-on-year [10]. Automotive Sales - For the first nine months of 2025, the company sold 9,587 BMW vehicles, representing a year-on-year increase of 22% [11]. - The overall automotive market faced challenges, with traditional brands experiencing significant declines in sales and profitability [11]. Real Estate and Other Ventures - The company continued to manage its real estate projects, with specific sales figures reported for various projects, including a 35.51% sales rate for commercial properties in the Hongjiang project [14]. - The company is actively engaging in investment and partnership opportunities, including the establishment of a joint venture and participation in an investment fund [10][12]. Operational Adjustments - The company implemented measures to enhance service quality and operational efficiency, which contributed to improved performance in certain areas despite market pressures [11][12]. - The company is focusing on cost control and optimizing user satisfaction in its properties, leading to better-than-expected profit levels [12].

Core Viewpoint - The company held a half-year performance briefing on October 13, 2025, to discuss its operational performance and future development plans with investors [1][2]. Group 1: Company Performance - In the first half of 2025, the company achieved operating revenue of 2.315 billion yuan, an increase of 3.13% year-on-year, while the net profit attributable to shareholders was -59.3135 million yuan, a decrease of 52.37% year-on-year [3]. - The automotive sales segment saw a sales volume of 6,711 BMW vehicles, representing a year-on-year increase of 17.6% despite a challenging market environment [3]. - The company successfully attracted new brands and businesses to its Weinan Automotive Culture Industrial Park, adding four new passenger car brands and ten used car merchants during the reporting period [3]. Group 2: Strategic Initiatives - The company has formed a strategic partnership with Jinjiang Group to enhance customer experience by integrating its facilities into Jinjiang's mid-to-high-end urban resort hotel brand [4]. - The company is focusing on internal management improvements through enhanced employee training and adjusted assessment mechanisms [4]. - A joint venture named "Shenwei Exploration" was established with Shuo Cheng Technology to explore AI operation and maintenance services in the automotive manufacturing sector, with the company holding a 51% stake [5][6]. Group 3: Future Plans and Investments - The company plans to invest 20 million yuan in the Shenyang Automotive Industry Investment Fund, which will focus on electrification, intelligence, and low-carbon initiatives within the automotive industry [8]. - The fund aims to explore new opportunities in the Chinese new energy vehicle sector, facilitating the integration of financial capital with industrial economy [8]. - The company is actively seeking new project opportunities in key areas such as automotive electronics and high-end equipment manufacturing, having collected 145 project materials since the launch of its quality improvement plan in 2024 [6].

Core Viewpoint - The company held a half-year performance briefing on October 13, 2025, to discuss its operational performance and future development plans with investors [1][2]. Group 1: Performance Overview - In the first half of 2025, the company achieved operating revenue of 2.315 billion yuan, an increase of 3.13% year-on-year, while the net profit attributable to shareholders was -59.3135 million yuan, a decrease of 52.37% year-on-year [3]. - The automotive sales segment saw a sales volume of 6,711 BMW vehicles, a year-on-year increase of 17.6%, despite a challenging market environment [3]. - The company successfully attracted new brands and businesses to its Weinan Automotive Culture Industrial Park, adding four new passenger car brands and ten used car merchants during the reporting period [3]. Group 2: Strategic Initiatives - The company has formed a strategic partnership with Jinjiang Group to enhance customer experience at its hotel and camping facilities [4]. - A joint venture named "Shenwei Exploration" was established with Shuo Cheng Technology to explore AI operation and maintenance services in the automotive manufacturing sector, with the company holding a 51% stake [5]. - The company is actively seeking new project opportunities in key sectors such as automotive electronics and high-end equipment manufacturing, having collected 145 project proposals since the launch of its quality improvement plan in 2024 [6]. Group 3: Future Plans and Investments - The company plans to invest 20 million yuan in the Shenyang Automotive Industry Investment Fund, focusing on electrification, intelligence, and low-carbon initiatives within the automotive industry [8]. - The Shenyang Automotive Industry Fund aims to explore new opportunities in the development of China's new energy vehicle industry, facilitating the integration of financial capital and industrial economy [8]. Group 4: Market and Stock Performance - The company's stock price fluctuations are influenced by multiple factors, including market conditions, industry policies, and company fundamentals, with no evidence of quantitative manipulation detected [9].

2025年10月13日，宝马(中国)汽车贸易有限公司在优质运营、创新突破、社会贡献等指标中表现优异， 根据经观受尊敬企业组委会初步评估，入围《经济观察报》2024—2025年度受尊敬企业。 ...

Core Viewpoint - BMW is facing significant challenges due to multiple recalls, which highlight systemic quality control issues and the impact of rising domestic competitors in the electric vehicle market in China [1][4][5] Recall Events - BMW is set to recall over 330,000 vehicles globally due to corrosion risks in the starter relay, which could lead to short circuits and fire hazards [1] - This recall affects models produced between September 2015 and September 2021, with over 130,000 vehicles in Germany and nearly 200,000 in the United States [1] - Earlier in August, BMW recalled over 230,000 vehicles primarily from its electric i-series due to issues with the starter generator and high-voltage system [2] - In total, BMW has initiated six major recalls in 2025 alone, indicating a troubling trend in product reliability [1][3] Sales Performance - BMW's sales in China have shown a declining trend, with a 6.4% drop in 2022, a slight recovery in 2023 with a 4.2% increase, but a significant decline of 13.4% expected in 2024 [3][4] - The first half of 2025 saw a further 15.5% decrease in sales, totaling 317,900 units [3] Financial Impact - BMW Group's Q2 2025 financial report revealed a revenue of €33.93 billion, down 8.2% year-on-year, with EBIT dropping 31.4% to €2.66 billion and net profit decreasing by 31.9% to €1.84 billion [4] - The automotive segment's revenue also fell by 8.2%, with a significant EBIT decline of 40.3% [4] Strategic Adjustments - In response to these challenges, BMW has made significant personnel changes, appointing its first female CEO for the joint venture in China [5] - The company plans to invest more in the Chinese market, with over 20 new models set to launch between 2026 and 2027, including a new generation model to be produced in Shenyang [5] - The automotive industry is increasingly focusing on quality control, particularly in software and electronic systems, which is crucial for maintaining brand prestige in a competitive market [5]

综合媒体和相关监管机构日前公布的信息，德国宝马集团将召回超过33万辆汽车，原因是起动机及相关 部件可能存在短路隐患。 据德新社报道，此次宝马召回计划中，在德国有超过13万辆汽车受影响。宝马尚未公布全球召回数量， 但考虑到这次召回涉及的是2015年9月至2021年9月生产的多款车型，影响的范围可能覆盖更多国家，实 际召回规模可能超过已公布的数字。 另据美国国家公路交通安全管理局日前发布的召回公告，宝马在当地将召回近20万辆汽车，是2019年至 2022年生产的车型。受影响车辆的"起动机继电器可能发生腐蚀，从而导致继电器过热并短路"，存在引 发火灾风险。该机构提醒车主，在问题解决前，应将车辆停放在室外并远离建筑物。 据悉，由于此次召回车辆将更换起动机，部分车型还需安装功率更大的电池，累计成本可能较高。（转 载自新华社） ...

综合媒体和相关监管机构日前公布的信息，德国 宝马 集团将召回超过33万辆汽车，原因是起动机及相关 部件可能存在短路隐患。 百万用户都在看 信息量大！利好，密集来袭！ 宗馥莉，被驳回！ 关税，突变！白宫最新发声！ 见证历史！集体大涨！ 突发！A股公司董事长，被留置！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 看券商中国 知天下财经 F 据德新社报道，此次宝马召回计划中，在德国有超过13万辆汽车受影响。宝马尚未公布全球召回数量， 但考虑到这次召回涉及的是2015年9月至2021年9月生产的多款车型，影响的范围可能覆盖更多国家，实 际召回规模可能超过已公布的数 ...

新华社柏林9月27日电 综合媒体和相关监管机构日前公布的信息，德国宝马集团将召回超过33万辆汽 车，原因是起动机及相关部件可能存在短路隐患。 据德新社报道，此次宝马召回计划中，在德国有超过13万辆汽车受影响。宝马尚未公布全球召回数量， 但考虑到这次召回涉及的是2015年9月至2021年9月生产的多款车型，影响的范围可能覆盖更多国家，实 际召回规模可能超过已公布的数字。 据悉，由于此次召回车辆将更换起动机，部分车型还需安装功率更大的电池，累计成本可能较高。 【纠错】 【责任编辑:谷玥】 另据美国国家公路交通安全管理局日前发布的召回公告，宝马在当地将召回近20万辆汽车，是2019年至 2022年生产的车型。受影响车辆的"起动机继电器可能发生腐蚀，从而导致继电器过热并短路"，存在引 发火灾风险。该机构提醒车主，在问题解决前，应将车辆停放在室外并远离建筑物。 ...