GREAT WALL MOTOR COMPANY LIMITED*
02333 82333
2025-2027
5 22 23
24 36
2025 1 17 2 2266
44 45
H
H
183 17M
24
2025 1 10
H
*
2024 12 11
............................................................ 1
....................................................... 5
1. ................................................... 5
2. 2025-2027
.......................................... 6
3. 2025-2027 ........................ 11
4. ........................................... 21
5. ................................ 21
6. .......................................... 21
7. ............................................... 22
8. ............................................... 22
............................................... 23
................................................. 24
................................................. 37
................................................. 44
–i–
A 1.00
601633
A A
2012 7 20
47.83%
H A
2025 1 17 2
2025-2027
–1–
2024 10 31
2019 4 15
43.33%
571
6
62.854%
H 1.00
02333 82333
H H
2019 11 29
27.64%
–2–
82.11% A
59.83%
2024 12 6
–3–
571
A H
A H
2018 11 21
100%
2018 2 12
39.40%
%
–4–
GREAT WALL MOTOR COMPANY LIMITED*
02333 82333
2266 2299
2025-2027
1.
2024 10 31
2025 2026 2027 12 31
*
–5–
2025 1 17 2
2266
(i) 2025-2027
(ii)
(iii) (iv)
(v)
2. 2025-2027
2024 10 31
–6–
2025 1 1
2027 12 31
–7–
–8–
–9–
2025 2027
2025 2026 2027
1,039,090.00 1,194,954.00 1,374,197.00
84,954.00 80,452.00 81,710.00
39,160.00 17,456.00 14,795.00
14,844.00 14,267.00 14,198.00
41,647.00 41,267.00 39,915.00
248,864.00 8,250.00 26,688.00
2,000.00 2,000.00 2,000.00
2018 21
12
12
2018 21
5%
– 10 –
0.1% 5%
14A
0.1%
14A
37,998,500 H
5,115,000,000 A
1,700,900 A 10,000 A
3. 2025-2027
2021 12 31 2023 2 17 2023 11 30
2024 1 23 2022 2024
2022 2024
2024 12 31
2025 1 1 2027 12 31
2024 10 31
– 11 –
2025 1 1 2027 12 31
(i)
– 12 –
2027 12 31
12 31
2025 2026 2027
1,039,090 1,194,954 1,374,197
– 13 –
2023 12 31 2024 9 30
12 31 9 30 9
2022 2023 2024
375,219.47 478,274.15 403,528.35
12 31
2022 2023 2024
(%) (%) (%)
2,154,566 17.42 2,481,629 19.27 2,620,603 15.40
2022 1 1 2024 9 30
2021 12 31
(i)
(1)
(2)
2025 2027 (3) 2023
12 31 2024 9 30
(4)
10%
– 14 –
2024 12 31
2025 2027
2024 9 30
38.6% 2025
2025 (i)
(ii)
2022 12 31 12.3% 2024 10
31 25.1% 2025
2024 1 9
50% 2025
2025 882,407.40 2026
2027 2025 2026
15% 1,014,768.51 1,166,983.79
2027 12 31
62,219.95 71,552.94 82,285.88
– 15 –
(1)
(2)
(3)
(4)
(i) (ii)
(iii) (iv)
(5)
(i) (ii)
(iii)
– 16 –
2025-2027
1
App
2
– 17 –
(i)
(ii)
99%
62.85%
59.83%
– 18 –
– 19 –
14A
5% 10,000,000
14A
14A.36
37,998,500 H
5,115,000,000 A
– 20 –
1,700,900 A 10,000 A
4.
2025 1 17 2
2266
2024 12 11
5.
2025
1 11 2025 1 17 H
H 2025 1 10
H H H
H
H
183 17 1712-1716 2025 1
10
6.
13.39
13.39(5)
– 21 –
H
24
H 183
17M
7.
23
24 36
8.
2024 12 11
– 22 –
GREAT WALL MOTOR COMPANY LIMITED*
02333 82333
2024 12 11
2024 12 11
*
– 23 –
88
173
12 1209
2024 12 11
2024 10 31
2027 12 31
(i)
(ii)
(iii)
– 24 –
13.84
13.80
– 25 –
99% 62.85%
59.83%
– 26 –
2018 2 12
2020 10
2021-2035 ( https://www.gov.cn/zhengce/content/2020-11/02/content_5556716.
– 27 –
htm )
2025 20%
2022 3 29
( https://www.gov.cn/zhengce/
zhengceku/2022-04/09/content_5684250.htm )
2023 5 17
( https://www.ndrc.gov.cn/xxgk/zcfb/tz/202305/t20230517_1355814.
html )
2024 5 15 2024
( https://www.gov.cn/zhengce/zhengceku/202405/
content_6951174.htm )
(i)
(ii)
– 28 –
2024 10 31
2025 1 1 2027 12 31
– 29 –
(i)
(ii) (i)
(ii)
2023 12 31
2024 9 30
92% 80% 93%
2023 12 31
2024 9 30
– 30 –
(i) 2022 2023 2024 (ii)
(a) 6 (b)
2022 2024
7 (c)
2024 10
31
20%
(i)
(ii)
(i) 2023 12 31 2024 9 30
(ii) 2027 12 31
2022 2023 2024
12 31 12 31 12 31
3,752,194.7 4,782,741.5 4,035,283.5
21,545,660 24,816,290 26,206,030
17% 19% 15%
– 31 –
2025 2026 2027
12 31 12 31 12 31
2025 2026 2027
10,390,900 11,949,540 13,741,970
2027 12 31 3. 2025-
2027
2022 2024
2024 12 31
2027 12 31 2024 12 31
2027 12 31
2023 12 31
2025
2025 (i) 2025
(ii) (i) 10%
94
88
88
– 32 –
2024 2025
2025 2025
(i)2025 (ii)2025 (i)
2025
2023 2025 (CAGR) 2022
2023 15.3%
2025
2025 2025
2025 2025
2023 12 31 2024 10
10.7%
25.1% 2024 10 31
2024 9 2024 9 30
38.7%
38.6% 2025
2025 2025
2025
2025
2025
2024 9 30
2025 2024 9 30
– 33 –
50% 2025
2024 9 30
2025
2024 9 30
2025
2025
93% 7% 2024 9 30
2024 9 30
93% 7%
2025
10%
10%
10%
2025
2025 10%
2025
– 34 –
2026 2027
2026 2027 2025 2026 15%
2024 10 31 2024 9
2024 9 30
2023 31.7% 32.5%
2026 2027
2026 2027
2027 12 31
14A.53 14A.59 (i)
(ii)
(iii)
(i) (ii)
(iii)
– 35 –
(i)
(ii)
2024 12 11
*
6 30
– 36 –
1.
2.
XV
XV 7 8
352
C3
A H
% % %
1 5,115,000,000(L) 82.21 – 59.83
A
1 37,998,500(L) – 1.64 0.45
H
5,152,998,500(L) – – 60.28
A H
2 1,635,000(L) 0.03 – 0.02
A
– 37 –
A H
% % %
3 866,855(L) 0.01 – 0.01
A
4 2,100,900(L) 0.03 – 0.02
A
(L)
1.
5,115,000,000 A
37,998,500 H
2. 1,035,000 A 2023
600,000 A
1,635,000 A
3. 161,755 A 2023
50,000 A 2023
480,000 A 82,100 A
2023 93,000
866,855 A
4. 1,700,900 A 2023
400,000 A
2,100,900 A
XV XV
7 8
352
– 38 –
3.
XV 2 3
336
A H
% % %
5,115,000,000(L) 82.19 – 59.83
1 A
5,115,000,000(L) 82.19 – 59.83
2 A
5,152,998,500(L) – – 60.28
3 A H
5,115,000,000(L) 82.19 – 59.83
A
37,998,500(L) – 1.64 0.45
H
5,152,998,500(L) – – 60.28
4 A H
5,115,000,000(L) 82.19 – 59.83
A
37,998,500(L) – 1.64 0.45
H
– 39 –
A H
% % %
5 5,152,998,500(L) – – 60.28
A H
JPMorgan Chase & Co. 193,621,654(L) – 8.35(L) 2.26
H
143,986,148(S) – 6.20(S) 1.68
H
30,307,593(P) – 1.30(P) 0.35
H
BlackRock, Inc. 172,261,365(L) – 7.43(L) 2.02
H
1,365,000(S) – 0.06(S) 0.02
H
Citigroup Inc. 139,102,282(L) – 5.99(L) 1.63
H
61,987,671(S) – 2.67(S) 0.73
H
76,848,270(P) – 3.31(P) 0.90
H
(L)
(S)
(1) 2005 12
1 2066
62.854% 0.125% 0.001%
37.02%
58.2% 0.6%
– 40 –
41.2%
99% 1%
(2)
37.02%
(3)
62.854%
37,998,500
H
(4) 41.2%
62.854%
(5) 0.001%
0.6% 1%
XV 2 3
336
4.
2023 12 31
5.
– 41 –
6.
(a)
(b)
(c) 2023 12 31
7.
6
(i)
(ii)
(iii) 2023 12 31
– 42 –
8.
(a) 2266 2299
(b)
183 17 1712-1716
(c)
(d)
(e)
9.
(a)
(b)
(c)
(d)
(e)
(f)
– 43 –
GREAT WALL MOTOR COMPANY LIMITED*
02333 82333
2025 1 17
2 2266
1. 2025-2027
2024 12 11
( www.hkexnews.hk ) ( www.gwm.com.cn )
2. 2025-2027
2024 12 11 ( www.
hkexnews.hk ) ( www.gwm.com.cn )
2024 12 11
*
– 44 –
(A) 2025 1 11 2025 1 17
2025 1 10
H
2025
1 10 H
H
183
17
1712-1716
(B) H 2025 1 10
2266
(86-312) 2197813
(86-312) 2197812
(C) H
(D)
(E)
24
H 183 17M
(F)
(G) 2025 1 17
2266
(H)
(I) A 2024 12 11 www.sse.com.cn
www.gwm.com.cn 2025
– 45 –
GREAT WALL MOTOR COMPANY LIMITED*
02333 82333
1
2
H 3
4
2025 1 17 2
2266
5 5 5
1. 2025-2027
2024 12 11
( www.hkexnews.hk )
( www.gwm.com.cn )
2. 2025-2027
2024 12 11
( www.hkexnews.hk ) ( www.gwm.com.
cn )
2024/2025 6
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
24 H H
183 17M
(9)
*
GREAT WALL MOTOR COMPANY LIMITED*
02333 82333
1
2
H
2025 1 17 2
2266
1.
2. H
3. 2025 1 10 H
183 17M
2266 (86-312) 2197813 (86-312) 2197812 gfzbk@ gwm.cn )