其背后，是体系化的产品力与完整的矩阵。深蓝汽车全球交付突破50万辆，成为央企新能源销量的"扛把子"；启源 Q07首月订单超过3万辆，启源A07焕新上市后单月销量一度突破8000辆；阿维塔连续五个月销量破万辆，7月同比增 长178%。 深蓝的科技运动气质、启源的国民普适定位、阿维塔的新豪华标签，三大品牌覆盖不同人群，实现了"多点开花"，而 非依赖单一爆款。 7月29日，中国长安汽车集团正式挂牌成立。这一调整不仅是组织架构上的优化，也意味着长安汽车在战略和资源协 同上的进一步完善。 对外，它能够为产业链合作伙伴提供更清晰的预期；对内，则有助于在复杂市场环境中保持稳定的节奏。 未来，长安汽车将继续围绕新能源"香格里拉"、智能化"北斗天枢"、全球化"海纳百川"等战略计划推进落地，同时加 快五"新"长安行动的实施。从产品研发到海外产能布局，这些长期投入在新的集团架构下将获得更有力的支持，也为 企业的持续发展奠定基础。 这种体系化的爆款制造能力，让长安汽车具备了在规模和利润之间同时获益的可能。于是我们看到，毛利率从去年同 期的13.8%提升到14.58%，这背后既有产品力的支撑，也有结构优化带来的回报。 如果再放眼海外， ...

以下文章来源于autocarweekly ，作者autocarweekly autocarweekly . 车不只是代步工具，还是生活的一种刻度。 本文来自微信公众号： autocarweekly ，作者：Dedee，题图来自：视觉中国 最近，国家统计局发布了上半年省市自治区汽车产量数据。 | 排名 | 地区 | 量(万辆) | | --- | --- | --- | | 1 | 安徽 | 149.95 | | 2 | 广东 | 131.34 | | 3 | 重庆 | 121.85 | | 4 | 山东 | 120.06 | | 5 | 江苏 | 116.10 | | 6 | 陕西 | 94.32 | | 7 | 浙江 | 89.62 | | 8 | 上海 | 81.05 | | 9 | 湖南 | 74.76 | | 10 | 吉林 | 71.82 | | II | 北京 | 71.33 | | 12 | 河南 | 67.94 | | 13 | 湖北 | 62.71 | | 14 | life | 52.13 | | 15 | 广西 | 51.72 | | 16 | 河北 | 46.65 | | 17 | 江 ...

"新长安"正式成立后，迎来了第一份财报。 在这份2025年半年报中，整体营收和净利润下滑，成为短期内难以改变的"硬伤"。但在销量结构、新能 源转型、产业链责任以及核心技术布局等方面，呈现出趋势向好。 扣非归母净利润同比上升26.36% 半年报显示，报告期内，长安汽车实现营业收入726.91亿元，同比下降5.25%；归母净利润22.91亿元， 同比下降19.09%。不过，有一个数据值得关注：扣非归母净利润14.77亿元，同比上升26.36%。简单来 说，这也反映了一家车企能靠卖车赚钱的惠真实水平，而不是依靠补贴、副业构成主要利润来源。这表 明了剔除政府补助等非经常性因素后，长安汽车核心业务的盈利能力在增强。与此同时，长安汽车今年 上半年的毛利率达14.58%，同比提升0.78个百分点。 而销量及增速，无疑是长安汽车在2025年上半年成绩单中的一个亮点。 此外，长安汽车落实国家部委要求，将供应商支付账期统一至60天内，以保障中小企业资金高效流转。 2025年6月末，公司应付账款和应付票据余额合计较年初降低约31%，2025年1-6月应付账款及应付票据 周转天数较2024年减少50天（周转天数按应付账款和应付票据余 ...

Core Viewpoint - The recent shareholding increase by the management of Changan Automobile Group signifies a strong commitment to the company's long-term development and reflects confidence in the industry's growth trajectory, particularly in the context of the booming domestic electric vehicle market [2][3][4]. Group 1: Management Shareholding Increase - A total of 19 executives from Changan Automobile and its parent company plan to invest at least 5.7 million yuan in A-shares over the next six months, with each executive committing a minimum of 300,000 yuan [2][4]. - This collective action is seen as a "confidence endorsement" from the management, indicating their belief in the company's strategic direction and competitive advantages [3][5]. Group 2: Market Performance and Growth - In the first seven months of the year, the domestic retail sales of passenger vehicles reached 12.728 million units, a year-on-year increase of 10.1%, with Changan's new energy vehicle sales surpassing 80,000 units in July, marking a 74.05% increase year-on-year [2]. - Changan's total production and sales for the first seven months were 1.4013 million and 1.5659 million units, respectively, reflecting year-on-year growth of 1.59% and 4.07% [2]. Group 3: Strategic Goals and Future Outlook - Changan aims to achieve a production and sales volume of over 5 million units by 2030, with new energy vehicles accounting for over 60% of total sales and overseas markets contributing over 30% [6]. - The company is focusing on technological cooperation, brand upgrades, and ecological restructuring to facilitate its transition towards low-carbon, intelligent, lightweight, and digital solutions [6]. Group 4: Collaboration with Huawei - Changan's strategic partnership with Huawei is crucial for enhancing its smart vehicle capabilities, with ongoing projects like the "Yinwang Technology Co., Ltd." expected to play a key role in this transformation [8]. - The collaboration aims to address the challenges of mass production in smart vehicle technology while also developing Changan's in-house capabilities [9].

Investment Rating - The report maintains a "Strong Buy" rating for Changan Automobile, with a target price of 16.11 CNY, indicating a potential upside of 24% [2][10]. Core Views - The report highlights the collective share purchase by 19 executives of Changan Automobile, demonstrating confidence in the company's long-term development following its restructuring [2][4]. - The company is expected to achieve a significant increase in both sales and profits by 2025, driven by three major initiatives: new energy, smart technology, and international expansion [4][10]. - The restructuring of Changan into an independent central enterprise is anticipated to enhance resource integration and innovation capabilities [4][10]. Sales and Profit Forecast - The report projects that Changan's self-owned passenger vehicle sales will reach 1.9 million units in 2025, a year-on-year increase of 14% [4]. - The expected sales for the new energy segment are forecasted to be 1.05 million units in 2025, representing a 45% year-on-year growth [4]. - The overall operating profit for Changan's self-owned vehicles (excluding Deep Blue) is estimated at 2.1 billion CNY in 2025, a decrease of 1.7 billion CNY year-on-year, while Deep Blue is expected to achieve a net profit of 640 million CNY, marking a 24% increase [4][11]. Financial Metrics - The total revenue for Changan is projected to be 177.23 billion CNY in 2025, with a year-on-year growth rate of 11% [11]. - The net profit attributable to the parent company is expected to be 6.39 billion CNY in 2025, reflecting a decline of 12.7% compared to the previous year [11]. - The report anticipates a diluted earnings per share (EPS) of 0.64 CNY for 2025 [11]. Strategic Initiatives - Changan's "Five New" strategy aims to leverage the unique resource integration capabilities of a central enterprise to enhance innovation and operational efficiency [4][10]. - The company is actively pursuing global expansion, with a new factory in Thailand expected to add 100,000 units of overseas production capacity [4][10].

8月11日晚，重庆长安汽车股份有限公司（简称"长安汽车"）公告称，公司及间接控股股东中国长安汽 车集团有限公司（简称"中国长安汽车"）部分董事、高级管理人员计划自2025年8月12日起6个月内，通 过深圳证券交易所交易系统集中竞价交易的方式增持公司A股股份，合计增持金额不低于人民币570万 元。 7月29日，中国长安汽车集团有限公司在重庆挂牌成立，成为继中国一汽、东风汽车之后的国内第三家 汽车央企。公告介绍，此次现任全体董事、高级管理人员对长安汽车的增持，主要是基于对公司长期投 资价值和未来持续发展前景的充分认可，同时为增强投资者信心，以实际行动保护广大投资者利益。 | 姓名 | 职务 | 持股数量(股) | 持股比例(%) | | --- | --- | --- | --- | | | 中国长安汽车董事长、党 | | | | 朱华荣 | 委书记,长安汽车董事 | 500,864 | 0.0051% | | | 长、党委书记 | | | | | 中国长安汽车董事、总经 | | | | 赵非 | 理、党委副书记,长安汽 | 213.613 | 0.0022% | | | 生重事 | | | | 谭本宏 | 中国 ...

Core Viewpoint - Changan Automobile plans to increase its A-share holdings by at least 5.7 million yuan through a concentrated bidding process starting from August 12, 2025, involving 19 directors and executives from the company and its indirect controlling shareholder, New Changan [2] Group 1: Company Overview - New Changan was established on July 29, 2023, with assets totaling 308.7 billion yuan and approximately 110,000 employees, focusing on automotive manufacturing, finance, and motorcycles [2] - Changan Automobile's stock price was reported at 13.22 yuan per share on the day of the announcement, with a closing price of 12.95 yuan on August 11, indicating minimal stock price fluctuation [2] Group 2: Strategic Goals - New Changan aims to become a world-class automotive group with global competitiveness and independent core technologies [2] - The company will pursue both independent development and collaborative efforts with global automotive firms like Stellantis, Ford, and Mazda, as well as ICT and consumer electronics companies such as Huawei and Tencent [3] Group 3: Sales Performance - From January to July 2023, Changan Automobile achieved cumulative sales of 1.5659 million units, reflecting a year-on-year growth of 4.07% [4] - The sales figures for the new brands, Deep Blue and Avita, were 170,400 and 69,100 units respectively, with completion rates of 34.08% and 34.57% against their annual targets of 250,000 and 220,000 units [4]

Core Viewpoint - Changan Automobile plans to increase its A-share holdings by at least 5.7 million yuan through a concentrated bidding transaction by 19 directors and executives within six months starting from August 12, 2025, shortly after the establishment of its parent company, New Changan [3][4]. Group 1 - New Changan was established on July 29, 2025, with assets totaling 308.7 billion yuan and approximately 110,000 employees, focusing on automotive manufacturing, finance, and motorcycles [4]. - Changan Automobile's stock price was reported at 13.22 yuan per share, with a closing price of 12.95 yuan on August 11, indicating minimal fluctuation [5]. - New Changan aims to become a world-class automotive group with global competitiveness and independent core technologies [5]. Group 2 - New Changan emphasizes a dual strategy of independent development and collaboration, strengthening partnerships with global automotive companies like Stellantis, Ford, and Mazda, as well as ICT firms like Huawei and Tencent [6]. - The company is developing three major brands: Avita, Deep Blue, and Changan, along with a parts brand, and is exploring new product categories such as smart vehicles and flying cars [6]. - Recent interactions between New Changan's leadership and Huawei's CEO Ren Zhengfei focused on industry competition and strategic guidance for Changan and Avita brands [6]. Group 3 - From January to July 2025, Changan Automobile sold 1.5659 million vehicles, a year-on-year increase of 4.07%, while the sales of Deep Blue and Avita reached 170,400 and 69,100 units, respectively [7]. - The sales completion rates for Deep Blue and Avita against their annual targets of 250,000 and 220,000 units are 34.08% and 34.57%, respectively, indicating that they are slightly over one-third of the way to their goals [7]. - The market is closely watching how Changan Automobile will enhance resource integration and collaboration to meet sales targets for its new brands [8].

Group 1 - Changan Automobile announced a plan for its directors and senior management to increase their holdings in the company's A-shares, with a total investment of no less than RMB 5.7 million over a six-month period starting from August 12, 2025 [2] - The increase in shareholding will not affect the company's stock distribution or control, and involves 19 individuals committing at least RMB 300,000 each [2] - The management's decision to increase their stake reflects confidence in the company's long-term investment value and future development prospects, aiming to enhance investor confidence [2] Group 2 - The newly established China Changan Automobile Group will cover the entire automotive and parts industry chain, focusing on R&D, manufacturing, trade, logistics, and ecosystem [3] - The company aims to implement a model of "vertical integration of technology + manufacturing level division + shared capacity platform," emphasizing core component development and modular product systems [3] - Changan Automobile targets to achieve total sales of 5 million vehicles by 2030, with 4 million from the Changan brand and 3 million from new energy vehicles [3] Group 3 - The establishment of the new central enterprise is expected to inject strong development momentum into Changan Automobile and empower its three global smart electric vehicle brands: Avita, Deep Blue, and Changan Qiyuan [4]

Core Insights - The meeting between Zhu Huarong, the new chairman of Changan Automobile, and Ren Zhengfei, the founder of Huawei, signifies a strategic collaboration aimed at enhancing competitiveness in the automotive industry [2][4] - Changan Automobile has recently been established as a central state-owned enterprise, reflecting the government's push for reform and optimization of state capital [2] - The partnership between Changan and Huawei, particularly through the AVATR brand, represents a novel approach to breaking traditional supply chain models in the automotive sector [4][6] Company Developments - Zhu Huarong expressed admiration for Ren Zhengfei's broad vision and insightful suggestions, which he found beneficial for Changan and AVATR [4] - The AVATR brand, formed through a collaboration between Changan, Huawei, and CATL, has developed a complete product matrix since the launch of its first model, AVATR 11, in 2022 [5] - The partnership has evolved, with Huawei reducing its stake in AVATR from 100% to 80%, while introducing new shareholders, indicating a shift towards a more collaborative governance structure [6] Future Plans - AVATR aims to launch 17 new models by 2030, including MPVs and sports cars, with a production capacity of 280,000 vehicles per year from its newly established factory [6] - The brand has already expanded its market presence to 25 countries, with a goal to reach 50 countries and 160 outlets by the end of 2025 [6] Industry Trends - The trend of automotive leaders seeking insights from tech giants like Huawei highlights the urgency for traditional car manufacturers to integrate smart technology into their operations [14] - The strategic visits by various automotive executives to Huawei indicate a collective recognition of the need for deep technological collaboration to navigate the challenges posed by the electric and smart vehicle revolution [14]