Core Viewpoint - The sustainable development has become a crucial requirement for automotive companies, not just an additional topic, as they navigate the global green transition [1] Group 1: Sustainable Development Initiatives - BMW's 2024 sustainability report highlights significant achievements in green transformation, including commitments from approximately 200 local suppliers to use renewable energy, resulting in a reduction of about 1 million tons of carbon emissions compared to 2019 [1][4] - The company has made breakthroughs in material innovation, successfully applying new bio-based composite nylon materials in the BMW X3 model and exploring the use of tea leaves for new bio-based materials [1][3] - BMW aims to enhance the use of recycled materials, planning to increase the proportion of recycled aluminum in new model wheels to 70%-75% to further reduce carbon footprint [3][5] Group 2: High-Quality Development Strategies - BMW's core experiences in high-quality development include focusing on core technologies for R&D, adhering to strict product testing, and continuously improving a "smart, efficient, low-carbon" production system [2] - The company emphasizes the importance of collaboration across the entire value chain to achieve sustainable development, with a focus on long-term value creation and innovation [1][4] Group 3: Circular Economy and Resource Efficiency - BMW has implemented effective water resource management, reducing water consumption per vehicle to 1.57 cubic meters and achieving a total recycled water usage of 400,000 cubic meters [5] - The company has achieved zero landfill waste at its Shenyang plant and is actively collaborating with local partners to integrate renewable energy and circular economy practices throughout its value chain [5][4] Group 4: Future Outlook - BMW is committed to leading the transition to sustainable mobility, with the upcoming "New Generation" models set to enhance vehicle efficiency by 20%, charging speed by 30%, and range by 30% [3][6] - The company envisions future mobility as a harmonious coexistence of people, society, and nature, continuing to prioritize responsibility in its operations [6]

6月27日，华晨宝马2024年可持续发展报告重磅发布，全方位展示了其深耕绿色转型的坚定步伐与创新成果：从再 生能源到循环经济，从全链协同到价值共创，从文化传承到生态保护，充分诠释了豪华品牌的多维探索与责任担 当。 秉承"责任优先"的理念，宝马凭借即将面世的宝马"新世代"车型，以创新技术为突破，重塑可持续价值标准，成 为汽车行业低碳转型的领航者。 "责任是我们行动的锚点。宝马在创造下一代驾趣的同时，也致力于守护下一代福祉。"华晨宝马汽车有限公司总 裁兼首席执行官戴鹤轩博士表示，"真正的卓越不仅体现在公司业绩上，更在于从产品责任、环境管理、价值链协 作到社会贡献的全方位卓越。" 循环设计先锋：更高能效，超有 " 料 " ， " 新世代 " 开启绿色新纪元 截至2024年底，宝马品牌已在中国引入7款纯电动车型。随着新世代车型即将全球亮相并于明年实现国产，宝马正 在数字化、电动化和可持续性领域实现全方位突破。 在坚持"宝马严选"标准的前提下，宝马不断扩大再生材料应用，在2024年成功将再生热塑性材料从BMW iX3项目 拓展至其他车型项目的同类零部件。未来，宝马还计划将新车型轮毂的再生铝使用比例提升至70%-75%， ...

Summary of Key Points from the Conference Call Industry or Company Involved - The conference call primarily discusses the impact of tariffs on various industries, particularly focusing on the automotive sector and the broader implications for the U.S. economy under the Trump administration. Core Points and Arguments - **Tariff Impact on Business Sentiment**: Financial analysts were more prepared for the U.S. tariffs announced on April 2, with mentions of tariffs increasing by 62% compared to CEOs during Q1 earnings calls [9][10][11]. - **CEO Radar Findings**: The CEO Radar tool revealed that mentions of trade wars surged by 950% in Q1 2025, indicating a significant concern among CEOs regarding tariffs, supply chain shifts, and operational risk management [14][15]. - **Divergence in Focus**: There is a notable gap between the topics prioritized by CEOs and analysts, with analysts focusing more on tariffs and operational risks, while CEOs emphasized leverage and headwinds [15][16]. - **Economic Outlook**: The sentiment among CEOs shifted from optimism post-election to concern as tariffs were implemented, with 62% of CEOs expecting a slowdown or recession within six months [69][70]. - **Automotive Market Dynamics**: The automotive sector experienced a rush in sales as consumers sought to purchase vehicles before tariffs increased prices, leading to a 13% sales increase for Honda and a 10% increase for Nissan in March [96]. - **Rising Loan Delinquencies**: There is a growing concern over rising auto loan delinquencies, with repossessions spiking to 2.7 million in the previous year, indicating potential financial strain on consumers [97][101]. Other Important but Possibly Overlooked Content - **Long-term Economic Concerns**: The uncertainty surrounding tariffs and immigration policies is expected to have long-term implications for the U.S. labor market and economic growth, as businesses rely heavily on immigrant labor [76][89]. - **Consumer Behavior**: The urgency to buy vehicles before tariffs took effect may lead to financial regret among consumers, especially as average monthly payments for new vehicles have risen significantly [97][101]. - **Local Economic Impact**: Border towns, particularly in Washington state, are experiencing economic downturns due to Canadian boycotts of American goods, highlighting the interconnectedness of local economies with international trade [105][108]. This summary encapsulates the critical insights from the conference call, focusing on the implications of tariffs on various sectors and the broader economic landscape.

Core Insights - The 2025 Guangdong-Hong Kong-Macao Greater Bay Area Auto Show will showcase new models and technologies, featuring over a hundred global automotive brands and a thousand new vehicles, including the latest electric models from BMW [1] Group 1: BMW X3 Long Wheelbase Version - The new BMW X3 long wheelbase version features an extended wheelbase for enhanced space, intelligent interaction, and premium driving experience, achieving near 50:50 weight distribution for optimal performance [1][3] - The vehicle's maximum power has increased to 190 kW, with a peak torque improvement of 14% and a 5% reduction in fuel consumption compared to the previous generation [1] - The new electric brake system reduces brake pressure build-up time to 150 milliseconds, significantly improving braking precision and safety [1][2] Group 2: Advanced Technology and Safety Features - The new BMW X3 includes the largest head-up display in its class, providing layered information to keep the driver's focus on the road [2] - It features a new generation BMW operating system with 2.4 times the computing power of its predecessor, enabling faster responses from the BMW Intelligent Personal Assistant [2] - The vehicle is equipped with a 360° intelligent active safety system, including features like start monitoring and collision warnings, enhancing overall safety for passengers [2] Group 3: Manufacturing and Market Position - The new BMW X3's torsional rigidity has significantly improved, utilizing ultra-high-strength hot-formed steel, and the body has a corrosion resistance of up to 15 years, exceeding industry standards [3] - BMW has implemented approximately 100 AI applications in its Shenyang production base, including an innovative AI quality inspection system that analyzes stamping process images in 0.01 seconds with near 100% accuracy [3] - Since its launch in 2003, the BMW X3 has gained the trust of over 3.5 million users globally, with China being the largest single market, surpassing one million units sold [3] Group 4: Market Strategy in Southern China - The Guangdong-Hong Kong-Macao Greater Bay Area is a key market for luxury brands, and BMW has been increasing its investment in Southern China, focusing on sales network expansion and localized production [4] - BMW aims to enhance the competitiveness of its main models and solidify its market position while leveraging the M series to strengthen brand identity and promote pure driving pleasure [4]

本公司监事会及全体监事保证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个别及连带责任。 根据《上市公司行业信息披露指引第二号——房地产、第四号——电力、第五号—— 零售》的要求，辽宁申华控股股份有限公司（简称"公司"）现将 2025 年一季度主要经 营数据披露如下： 证券代码：600653 证券简称：申华控股 编号：临 2025—19 号 辽宁申华控股股份有限公司 2025 年一季度主要经营数据公告 - 1 - 1、汽车销售：2025 年 1-3 月，公司实现合并口径宝马品牌销售 2,394 辆，同比下降 11%。 近日，宝马集团公布了 2025 年第一季度的销量，数据显示中国市场 2025 年第一季度累计交 付 155,195 辆，同比下滑 17.2%。公司凭借高效的管理和优质的服务已尽力减少市场下滑带来 的不利影响，面对竞争加剧和电动化转型的局面，公司和宝马厂商均已开始做出调整。 2025 年，宝马将正式发布全新的 Neue Klasse 平台架构，同时计划推出 10 款重磅新车型。 除已在售的全新 BMW X3 长轴距版，全新 BMW M235L 四门轿跑 ...