【导读】岚图汽车递表港交所，以介绍上市方式登陆港股再进一步 近日，岚图汽车正式递表港交所，拟以介绍上市方式登陆港股。若能成功上市，岚图汽车将是央国企新能源转型发展的一次重大创新和有益探索。 岚图汽车是央企东风公司旗下高端智慧新能源汽车品牌，也是首个达成20万辆整车下线的央国企高端新能源汽车品牌，2022年至2024年在中国高端新能源 汽车品牌的销量增速排名前三。 这凸显了岚图汽车在新能源汽车产业反"内卷"方面取得成效。岚图汽车董事长、总经理卢放表示，反"内卷"是企业经营的必选项，关系到企业能否持续为 用户提供优质服务。 同时，盈利是车企走向正向循环、实现高质量发展的重要指标。岚图汽车成为第5家实现季度、半年度盈利的新能源车企，其他4家分别是比亚迪、赛力 斯、理想汽车、零跑汽车。 岚图汽车凸显反"内卷"成效 相继实现季度、半年度盈利 2024年第四季度，岚图汽车首次实现季度盈利。根据灼识咨询的资料，岚图汽车是最快实现单季度盈利的新能源车企，也是经营现金流转正最快的新能源 车企。 目前，新能源车企仅有5家实现季度盈利，其中零跑汽车也在2024年第四季度首次实现季度盈利。 区别在于，岚图汽车未披露2024年第四季度 ...

【导读】岚图汽车递表港交所，以介绍上市方式登陆港股再进一步 近日，岚图汽车正式递表港交所，拟以介绍上市方式登陆港股。若能成功上市，岚图汽车将 是央国企新能源转型发展的一次重大创新和有益探索。 岚图汽车是央企东风公司旗下高端智慧新能源汽车品牌，也是首个达成20万辆整车下线的央 国企高端新能源汽车品牌，2022年至2024年在中国高端新能源汽车品牌的销量增速排名前 三。 这凸显了岚图汽车在新能源汽车产业反"内卷"方面取得成效。岚图汽车董事长、总经理卢放 表示，反"内卷"是企业经营的必选项，关系到企业能否持续为用户提供优质服务。 同时，盈利是车企走向正向循环、实现高质量发展的重要指标。岚图汽车成为第5家实现季 度、半年度盈利的新能源车企，其他4家分别是比亚迪、赛力斯、理想汽车、零跑汽车。 区别在于，岚图汽车未披露2024年第四季度的盈利数据，但是其在2025年前7月的净利润为 4.79亿元，成为第5家实现半年度盈利的新能源车企。 | | 截至12月31日止年度 | | | 截至7月31日止七個月 | | | --- | --- | --- | --- | --- | --- | | | 2022年 | 2023年 ...

来源：企业上市 10月2日，岚图汽车科技股份有限公司正式向香港联合交易所递交了以介绍方式上市的申请。这标志着 这家东风汽车集团旗下高端智慧新能源汽车品牌的上市计划进入了实质性阶段。 岚图汽车科技股份有限公司概览部分 我们是谁： 一家中国高端智能新能源汽车公司，2021年6月成立。 大股东是东风集团（香港上市公司），还有员工持股平台。 继承了东风集团超过56年的造车经验和技术。 品牌理念根植于中国文化，要做"用户型科技企业"。 我们的产品线： 有四大系列：岚图FREE（中大型SUV）、岚图梦想家（高端MPV）、岚图追光（中大型轿车）、岚图 知音（中型SUV）。 | | | 124 4 | | | | --- | --- | --- | --- | --- | | 下表列示了我們四款車型的核心參數: | | | | | | 直到 | 嵐 FREE | 嵐圖夢想家 | 嵐圖進光 | 嵐圖知音 | | 细分市場 | 中大型SUV | MPV | 中大型轎車 | 中型SUV | | 軸距(mm) | 2.960 | 3.200 | 3.000 | 2.925 | | CLTC綜合續航 | | PHEV : 1,411/ ...

岚图汽车已向港交所主板提交上市申请，中金公司（601995）为独家保荐人。 岚图汽车是中国首个达成20万辆整车下线的央国企高端新能源汽车品牌，销量位列中国高端新能源汽车 行业前列，2022年至2024年复合年增长率为103.2%。已成功推出岚图FREE、岚图梦想家、岚图追光和 岚图知音四款车型系列。岚图梦想家是全球首款高端新能源MPV，2024年销量位居新能源MPV销量第 二名，并且是首款搭载800V智能超混技术、华为乾坤智驾ADS 4及鸿蒙座舱的MPV。 该品牌定位于新时代中坚力量，产品价格带在人民币20万至50万元之间。 根据灼识咨询数据，岚图汽车是产品矩阵最全面的高端新能源车企，覆盖轿车、SUV、MPV三大细分 市场。 ...

作 者 | 栀橙 编 辑 | 李楠 在东风集团宣布私有化，"腾笼换鸟"推动岚图上市的一个多月后，岚图汽车于10月2日正式向港交所提交上市申请，中金公司担任独家保荐人。 据悉，岚图汽车以"介绍上市"方式登陆港交所，也就是不发行新股，也不涉及融资。 据招股书显示，2022年至2024年，岚图汽车收入由60.52亿元增长至193.61亿元；亏损则从15.38亿元大幅收窄至0.9亿元。值得注意的是，2025年前7个月， 岚图实现收入157.81亿元，同比增长90.2%，同时扭亏为盈，利润为4.34亿元。 作为东风集团高端新能源品牌，岚图汽车已经成为当下不容忽视的"造车新势力"。 岚图汽车在招股书中称自己是产品矩阵最全面的高端新能源车企，产品覆盖轿车、SUV及MPV三大细分市场。但如果从各车型销售数据来看，岚图在这 三大细分市场中仅有MPV具备较强的竞争力。 据灼识咨询的资料显示，2024年岚图梦想家MPV销量稳居新能源MPV销量第2名。 | | | | | 截至7月31日止 | | --- | --- | --- | --- | --- | | | | 截至12月31日止年度 | | 七個月 | | | 2022年 ...

10月2日，岚图汽车科技股份有限公司向香港联交所递交上市申请，拟以介绍上市方式登陆香港资本市 场。 资料显示，作为东风公司旗下高端智慧新能源品牌，岚图已成为首个达成20万辆整车下线的央国企高端 新能源汽车品牌。受益于此，岚图汽车近年来业绩迎来跨越式增长。 财务数据显示，2022年至2024年，公司年收入从60.5亿元增长至193.6亿元，复合年增长率达到78.9%。 在收入规模快速扩张的同时，公司盈利能力也显著提升，毛利率从2022年的8.3%攀升至2024年的 21.0%，在新能源汽车行业中排名第二。 这一强劲的财务表现得益于岚图汽车在市场端的出色成绩。2022年至2024年，公司销量复合年增长率达 到103.2%，在中国高端新能源汽车品牌中销量增速排名前三。特别是岚图梦想家表现突出，在2024年 第三季度至2025年第二季度期间，销量增速达21.3%，位列市场首位。基于持续向好的经营状况，岚图 汽车已于2024年第四季度首次实现单季度盈利，并在2025年前7个月期间持续保持盈利态势。 与此同时，公司还发布了岚海智混技术，以全域800V系统、5C超充等创新技术提升产品竞争力。展望 未来，岚图汽车计划大幅扩张 ...

（来源：车联新生态） 10月2日，东风汽车集团股份有限公司（下称"东风汽车集团"）发布公告称，岚图汽车科技股份有限公 司（下称"岚图汽车"）正式向香港联交所递交上市申请，拟以介绍上市方式登陆香港资本市场，中金公 司为其独家保荐人。这也意味着岚图汽车赴港上市进入实质性阶段。 来源：市场资讯 事实上，自2023年以来，岚图汽车多次公开讨论IPO可能性。一直到今年8月，东风汽车集团才正式宣 布，子公司岚图汽车将以介绍上市的方式登陆港股，东风集团股份将同步完成私有化退市。9月15日， 岚图汽车科技有限公司完成股改更名，更名为岚图汽车科技股份有限公司，同时注册资本增加至36.8亿 元。9月22日完成核心管理架构调整，其中尤峥卸任法定代表人、董事长，由卢放接任，同时多位高管 发生变更。 从岚图汽车计划上市到到如今递交上市申请，整个流程仅用了一个多月，速度非常快。依据公告，岚图 汽车将采用介绍上市的方式登陆港股。据了解，"介绍上市"是已发行证券申请上市的一种方式，特点是 不在上市时发行新股或涉及融资，仅将现有股东持有的证券在交易所挂牌交易，适用于证券已有相当数 量且被广泛持有、具备市场流通性的情况。这种上市方式对于岚图汽车 ...

Core Viewpoint - Lantu Automotive has officially submitted its listing application to the Hong Kong Stock Exchange, marking a significant step towards its IPO, while Dongfeng Group is simultaneously completing its privatization process [2] Financial Performance - Dongfeng Group reported a 14.7% year-on-year decline in vehicle sales, totaling approximately 823,900 units, with a revenue of 54.533 billion yuan, up 6.6% year-on-year, and a net profit of 55 million yuan, down 91.96% year-on-year [2] - In contrast, Lantu Automotive's revenue is nearing 20 billion yuan, with net profit turning positive, indicating a self-sustaining phase [2] - Lantu's projected revenues for 2022 to 2024 are approximately 6.052 billion yuan, 12.749 billion yuan, and 19.360 billion yuan, with a compound annual growth rate of 78.9% [2] Sales and Growth - Lantu Automotive's sales are expected to grow from 19,409 units in 2022 to 80,116 units in 2024, achieving a compound annual growth rate of 103.2% [3] - In the first nine months of 2025, Lantu sold 96,992 vehicles, representing an 85% year-on-year increase [3] Product Strategy - Lantu has established a comprehensive product lineup covering the sedan, SUV, and MPV segments, with a price range of 200,000 to 500,000 yuan [3] - The Lantu Dreamer model has become a key product, with sales of 26,518 units in 2023, 46,687 units in 2024, and 40,111 units in the first seven months of 2025, indicating its growing importance in the lineup [4] Future Development Plans - Lantu plans to expand its product matrix to 6-9 models by the end of 2026, focusing on high-end market segments [5] - The company aims to enhance its sales network to 1,000 stores across over 200 cities by 2026, significantly increasing its market penetration [6] - Lantu's international market presence has expanded to 39 countries, with a 277.7% year-on-year increase in overseas sales from January to July 2025 [6] Strategic Partnerships - Lantu is deepening its collaboration with Huawei in the L3 conditional autonomous driving sector, aiming to enhance its technological capabilities [5]

Core Viewpoint - The leadership change at Lantu Automotive, with Lu Fang taking over as chairman and CEO, is aimed at enhancing decision-making efficiency and driving the company's strategy as it prepares for its upcoming IPO in Hong Kong [1][2][4][6]. Leadership Transition - Lu Fang, previously the CEO, now holds dual roles as chairman and CEO, consolidating strategic decision-making power [2]. - The previous leadership structure, characterized by a dual leadership model, faced inefficiencies, particularly highlighted by a 28-day approval delay for a critical project [4]. - The transition to a single leader is expected to improve decision-making speed, as evidenced by rapid advancements in product development and market strategy [4][14]. Cultural Empowerment - Lantu integrates traditional Chinese culture into its design, exemplified by the "Kunpeng" design inspiration for its high-end models, which is a key strategy for market positioning [5][10]. - The "Jinluan Red" color, inspired by historical Chinese architecture, has resonated well with high-level corporate clients, enhancing the brand's appeal in the premium market [8][10]. Market Performance and Challenges - Lantu's sales figures show significant growth, with August sales reaching 13,505 units, a 119% year-on-year increase, but the product mix reveals a heavy reliance on the "Dreamer" model [12][14]. - The company faces increasing competition in the high-end MPV segment, with concerns about sustaining its market advantage as competitors ramp up their offerings [12][14]. - Cost pressures are evident, with production capacity underutilization leading to higher manufacturing costs compared to industry averages [14]. Technological Development - Lantu is focusing on reducing dependency on Huawei by developing its own technology, including a proprietary hybrid system that enhances electric range and charging speed [15][17]. - The company aims to streamline its production processes and reduce development cycles through innovative engineering solutions [19]. Strategic Goals and Industry Impact - Lantu's upcoming IPO is seen as a significant step for state-owned enterprises in China, aiming to demonstrate that they can compete in the high-end market [22][24]. - The company emphasizes collaboration within the supply chain, aiming for a localization rate of 41% and contributing to the development of national standards in the EV sector [24].

Core Insights - The newly launched Lantu Zhiyin has demonstrated strong market performance, achieving 950 units in sales within just two weeks of its release, ranking second in the Chinese pure electric mid-size SUV market [1][3] - Lantu Zhiyin has surpassed other Huawei-related electric models, such as the Aito M5 and Avita 07, establishing itself as the top-selling Huawei electric vehicle under 300,000 yuan [1][2] Group 1: Sales Performance - In the second week of September 2025, Lantu Zhiyin sold 950 units, placing it second in the sales ranking of pure electric vehicles under 300,000 yuan [2] - The sales figures for other models in the same category include Avita 06 at 510 units, and Aito M5 at 290 units, showcasing Lantu Zhiyin's competitive edge [2] Group 2: Product Features - Lantu Zhiyin is a collaboration between Lantu Motors and Huawei, featuring advanced technologies such as Huawei's ADS Max and HarmonySpace 5, aimed at providing a premium smart travel experience [2][3] - The vehicle has undergone comprehensive upgrades in its battery system, comfort features, and interior space, aligning with the core needs of Chinese families for a reliable and spacious vehicle [2][3] Group 3: Company Background - Lantu Motors, established in April 2019, is a high-end smart new energy brand under Dongfeng Motor, focusing on innovative business models centered around user needs [4] - The brand aims to become the leading high-end new energy brand in China, leveraging 56 years of automotive experience and resources from Dongfeng [4]