本周关注点 公司公告汇总 截至2025年12月31日收盘，长安汽车（000625）报收于11.86元，较上周的11.99元下跌1.08%。本周， 长安汽车12月30日盘中最高价报12.05元。12月30日盘中最低价报11.84元。长安汽车当前最新总市值 1175.81亿元，在乘用车板块市值排名5/8，在两市A股市值排名147/5181。 重庆长安汽车股份有限公司本次符合解除限售条件的激励对象共计346人，解除限售的限制性股票数量 为8,461,728股，占公司总股本的0.0854%。本次解除限售股份上市流通日为2026年1月5日。公司A股限 制性股票激励计划第三个解除限售期解除限售条件已成就，公司层面和个人层面考核要求均已满足。部 分激励对象因退休、离职等原因不再符合激励条件，其股票将被回购注销。 长安汽车召开第九届董事会第五十次会议，审议通过增补董事会专门委员会成员、修订公司章程、终止 2024年度向特定对象发行股票事项，并审议通过2025年度向特定对象发行A股股票相关议案。本次发行 对象为中国长安汽车，发行价格为9.52元/股，拟发行630,252,100股，募集资金总额不超过60亿元，用 于新能源车型及 ...

Core Viewpoint - Great Wall Motors (601633) is projected to achieve a record high in new car sales in 2025, with a total of 1.3237 million units sold, marking a year-on-year increase of 7.33% [1] Sales Performance - Total new car sales are expected to reach 1.3237 million units in 2025, representing a growth of 7.33% compared to the previous year [1] - Sales of new energy vehicles (NEVs) are anticipated to be 403,700 units, reflecting a significant year-on-year increase of 25.44% [1] - Overseas sales are projected to hit 506,100 units, which is an 11.68% increase year-on-year [1] Record Achievements - Both new energy vehicle sales and overseas sales are set to break previous records, indicating strong growth in these segments [1]

Core Viewpoint - SAIC Yuejin has successfully transformed its brand and achieved significant sales growth in 2025, setting ambitious targets for 2026 amidst a competitive light truck market [1][18]. Sales Performance - In 2025, SAIC Yuejin achieved total sales of 40,168 units, representing a year-on-year increase of 127%. Traditional energy vehicles accounted for 17,446 units, while new energy vehicles reached 22,722 units. The market share for the year was 4.0%, up 2.1 percentage points, ranking 8th in the industry, an improvement of 2 positions from the previous year [3][8]. - The market share increased from 1.9% in 2024 to 4.0% in 2025, demonstrating a strong comeback [4]. Competitive Positioning - SAIC Yuejin faced significant pressure from competitors over the past two years but has shown resilience and determination to succeed. The company has made strategic adjustments and navigated supply chain challenges effectively [6]. - The brand achieved five industry-leading positions in 2025: highest sales growth rate, highest growth in new energy logistics vehicles, highest market share among leading modified vehicle manufacturers, highest market share for new energy dedicated chassis, and highest sales among leading B-end enterprises [8]. Future Goals and Market Outlook - For 2026, SAIC Yuejin has set a sales target of 56,000 units, with 29,400 units from traditional energy vehicles and 26,600 units from new energy vehicles. The light truck market is expected to grow slightly, with a total capacity of 900,000 units, a 6% year-on-year increase [10][12]. - The company plans to launch multiple new products in 2026, including five new energy models and two traditional energy models, focusing on product innovation as a key driver for growth [12][14]. Product Strategy - The new models will include the seventh-generation small truck and light truck, designed for various business scenarios, emphasizing lower wind resistance, fuel efficiency, and high cost performance [12]. - New energy vehicles will feature advanced intelligent driving assistance systems to enhance safety and reduce driver fatigue [16]. Marketing and Channel Strategy - SAIC Yuejin will invest several hundred million yuan to support channel expansion and build a sustainable ecosystem, shifting its strategy from broad outreach to precise targeting and from volume-based incentives to multi-dimensional win-win approaches [16].

截至预案公告日，国务院国资委为公司实际控制人，中国长安汽车为公司间接控股股东，辰致集团 为公司控股股东。本次向特定对象发行股票完成后，公司控股股东、间接控股股东与实际控制人不变。 本次向特定对象发行股票不会导致公司的控制权发生变化。 据公司前次募集资金使用情况专项报告，经中国证监会批复（证监许可[2020]2256号）的核准，公 司向包括中国兵器装备集团有限公司、中国长安汽车集团有限公司（现更名为"辰致汽车科技集团有限 公司"）及南方工业资产管理有限责任公司在内的12名特定投资者非公开发行A股股票560,747,663股， 发行价格为人民币10.70元/股，募集资金总额为人民币5,999,999,994.10元，扣除应承担的承销费和保荐 费后本公司实收募集资金为人民币5,988,059,154.12元。实收募集资金扣除其他发行费用后的净额为人民 币5,986,084,079.35元。上述募集资金已于2020年10月9日到账，并经安永华明会计师事务所（特殊普通 合伙）审验并出具了安永华明（2020）验字第 60662431_D02号验资报告。 中国经济网北京12月30日讯 长安汽车(000625.SZ)昨晚披露 ...

Core Viewpoint - Changan Automobile plans to raise up to 6 billion yuan through a private placement of A-shares, fully subscribed by its indirect controlling shareholder, China Changan Automobile Group, to support the development of new energy vehicles and digital platforms [1][3]. Group 1: Fundraising Details - The company aims to issue approximately 630 million shares at a price of 9.52 yuan per share, which is not less than 80% of the average trading price over the last 20 trading days or the higher of the audited net asset value per share [1]. - The total amount raised will be allocated to two main projects: the development of new energy vehicles and digital platforms (450 million yuan) and the construction of a global R&D center and core capability enhancement (150 million yuan) [2]. Group 2: Financial Performance - For the first three quarters of the year, Changan Automobile reported a revenue of 114.93 billion yuan, a year-on-year increase of 3.58%, and a net profit of 3.06 billion yuan, a decrease of 14.66% [3]. - The company sold 2.0661 million vehicles during the same period, reflecting a year-on-year growth of 8.46% [3]. Group 3: Shareholder Support - The private placement is seen as a long-term funding support from the major shareholder, demonstrating confidence in the company's future and helping to maintain its market image and boost investor confidence [3]. - The issuance will not change the control of the company, with the actual controller remaining the State-owned Assets Supervision and Administration Commission [3].

Group 1 - The core point of the news is the restructuring of assets within the "Wukuang system," specifically the integration of mining assets by Wukuang Development, which has led to a significant increase in its stock price, reaching a market value of 12.348 billion yuan [1][6] - Wukuang Development will suspend trading of its shares starting December 30, 2025, as part of the major asset restructuring plan [1][12] - The restructuring aims to enhance the quality of listed companies and fulfill historical commitments made by the actual controller, China Minmetals [6][11] Group 2 - Wukuang Mining's total asset value is reported to be 19.5 billion yuan, with a resource control total exceeding 4 billion tons, including six operating mines and three under construction [4] - The company has a production capacity of 16 million tons of iron ore and 6 million tons of iron concentrate annually [4] - The restructuring is part of a broader strategy to consolidate black metal mining assets, which has been a commitment since 2008 [6][7] Group 3 - Another listed company within the "Wukuang system," China Metallurgical Group Corporation (China MCC), is also actively pursuing asset integration, having received shareholder approval for asset sales [8][10] - The asset sales involve significant transactions, including the sale of 100% equity in MCC Real Estate for 31.237 billion yuan and other related assets for 29.44 billion yuan [10] - The restructuring efforts are aimed at optimizing business structures and reducing operational uncertainties, aligning with the high-quality development goals of state-owned enterprises [10]

五矿发展（600058）：拟购买五矿矿业股权、鲁中矿业股权 30日起停牌；紫光国微：筹划购买瑞能半 导控股权或全部股权 30日起停牌；*ST熊猫：因涉嫌信息披露违法违规被证监会立案；胜通能源：股价 短期内涨幅较大 30日起停牌核查…… 聚焦一：五矿发展：拟购买五矿矿业股权、鲁中矿业股权 30日起停牌 2025年12月29日，公司收到实际控制人中国五矿集团有限公司（以下简称"中国五矿"）《关于筹划重大 资产重组事项的通知》，初步考虑拟由公司通过资产置换、发行股份及支付现金方式购买控股股东五矿 股份持有的五矿矿业控股有限公司（以下简称"五矿矿业"）股权、鲁中矿业有限公司（以下简称"鲁中 矿业"）股权，并募集配套资金。公司拟置出资产为原有业务相关的主要资产及负债（除保留资产、负 债外）。本次交易预计构成重大资产重组及关联交易，同时不构成实际控制人变更，不构成重组上市。 经公司向上海证券交易所申请，公司股票自2025年12月30日（星期二）开市起停牌，公司预计停牌时间 不超过10个交易日。 聚焦二：紫光国微：筹划购买瑞能半导控股权或全部股权 30日起停牌 公司正在筹划以发行股份及支付现金的方式，购买南昌建恩半导体产业 ...

长安汽车（000625）(000625.SZ)发布2025年度向特定对象发行A股股票预案，本次向特定对象发行A股 股票的发行对象为中国长安汽车集团有限公司。发行对象以人民币现金方式认购公司本次发行的股票， 拟认购金额为60亿元。募集资金在扣除相关发行费用后的募集资金净额将投资于如下项目：45亿元用于 新能源车型及数智平台开发项目;15亿元用于全球研发中心建设及核心能力提升项目。 截至本预案公告日，中国长安汽车为公司间接控股股东，中国长安汽车及其一致行动人合计直接持有公 司35.07%的股份。 ...

截至本预案公告日，中国长安汽车为公司间接控股股东，中国长安汽车及其一致行动人合计直接持有公 司35.07%的股份。 智通财经APP讯，长安汽车(000625.SZ)发布2025年度向特定对象发行A股股票预案，本次向特定对象发 行A股股票的发行对象为中国长安汽车集团有限公司。发行对象以人民币现金方式认购公司本次发行的 股票，拟认购金额为60亿元。募集资金在扣除相关发行费用后的募集资金净额将投资于如下项目：45亿 元用于新能源车型及数智平台开发项目;15亿元用于全球研发中心建设及核心能力提升项目。 ...

就在不久前的 12 月 25 日，长安旗下深蓝汽车宣布完成 C 轮融资，本轮增资由长安汽车、重庆渝富控股集团有限公司、招银金融资 产投资有限公司共同出资，资金总额达 61.22 亿元。据IT之家此前报道，长安汽车公告称，深蓝汽车此次新增注册资本人民币 13804.8787 万元，由人民币 32810.8278 万元增至人民币 46615.7065 万元。 IT之家 12 月 29 日消息，长安汽车今日公告，公司拟向间接控股股东中国长安汽车发行股票募资不超过 60 亿元，扣除相关发行费用 后用于新能源车型及数智平台开发项目、全球研发中心建设及核心能力提升项目。 ...