香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 iMotion Automotive Technology (Suzhou) Co., Ltd. 知行汽車科技（蘇州）股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 一份載有（其中包括）擬議修正案詳情的通函連同臨時股東會的通告將於適當時候 分別在香港交易及結算所有限公司披露易網站及本公司網站上刊發，並按本公司 H股股東選擇收取通訊方式寄送至本公司H股股東。 承董事會命 知行汽車科技（蘇州）股份有限公司 董事長兼執行董事 宋陽 香港，2025年10月30日 （股份代號：1274） 建議修訂公司章程及議事規則 知行汽車科技（蘇州）股份有限公司（「本公司」）董事會（「董事會」）提議修訂公司 章程、股東會議事規則及董事會議事規則；監事會提議修訂監事會議事規則（以 下統稱為「擬議修正案」）。 擬議修正案主要基於本公司實際情況及中國公司法相關規定進行更新和細微內部 管理修訂。 擬議修正案應提交至本公司臨時 ...

Core Insights - On September 25, 2025, Zhixing Technology's global headquarters officially opened, showcasing new technological achievements including a robot controller, an end-to-end urban auxiliary driving system, and a 5G smart manufacturing base, highlighting the company's advancement in "technology-product-scenario" development [1] - The company made significant breakthroughs in core components for robotics, launching the world's first domestically produced chip robot universal controller iRC100, designed with an integrated architecture and aimed at providing comprehensive solutions for embodied intelligence applications [1] - Zhixing Technology introduced a new end-to-end urban auxiliary driving system that enhances system performance in complex scenarios by utilizing spatiotemporal multimodal data to create a dense BEV feature space for improved path planning [1] Manufacturing and Production - Zhixing Technology's new 5G smart manufacturing base has an annual production capacity of 3.5 million sets, integrating the entire process from components to system functionality, driven by a closed-loop data system and AI-enabled flexible production [2] - The smart factory aims to establish a world-class intelligent industrial "organism" through automation and advanced communication technologies [2] Financial Projections - The company forecasts total revenues of 1.79 billion, 2.81 billion, and 3.68 billion yuan for 2025, 2026, and 2027, respectively, with year-on-year growth rates of 43%, 57%, and 31% [2] - The investment rating is maintained at "buy" based on these projections [2]

Investment Rating - The investment rating for the company is "Buy" [3] - The previous rating was also "Buy" [3] - The current price is 7.69 HKD [3] Core Insights - The company has launched the iRC100 controller, marking a significant technological advancement in the robotics sector [1] - The end-to-end urban auxiliary driving system has been introduced to enhance performance in complex scenarios [2] - The 5G smart factory has commenced operations, with an annual production capacity of 3.5 million units, integrating AI and 5G technology [2] Financial Projections - Total revenue is projected to be 1,789.22 million HKD in 2025, with a year-on-year growth rate of 43% [2][6] - The expected net profit for 2025 is -156.61 million HKD, showing a significant improvement from previous years [6] - Earnings per share (EPS) is forecasted to be -0.61 HKD in 2025, improving from -1.12 HKD in 2024 [6] Key Financial Metrics - Revenue growth rates are expected to be 43% in 2025, 57% in 2026, and 31% in 2027 [6] - The company is expected to achieve a gross margin of 17% in 2025, increasing to 19% in subsequent years [7] - The net profit margin is projected to improve from -16% in 2023 to 3% by 2027 [7]

（股份代號：1274） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 iMotion Automotive Technology (Suzhou) Co., Ltd. 知行汽車科技（蘇州）股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 宋陽 香港，2025年10月23日 於本公告日期，董事會包括董事長兼執行董事宋陽先生；執行董事盧玉坤先生及 李雙江先生、蔣京芳女士及劉芳女士；以及獨立非執行董事張為公博士、劉勇先 生及薛睿女士。 暫停辦理股份過戶登記手續 知行汽車科技（蘇州）股份有限公司（「本公司」）將於2025年11月14日（星期五）舉 行2025年第一屆臨時股東會（「臨時股東會」）。一份載有將於臨時股東會上提呈的 決議案詳情之通函，連同臨時股東會通告將於適當時候分別在香港交易及結算所 有限公司披露易網站及本公司網站上刊發，並按本公司H股股東選擇收取通訊方 式寄發予本公司H股股東。 為確定符合資格出席臨時股東會及於會上投票的H股股份持有人 ...

Core Insights - Zhixing Technology (1274.HK) experienced a rapid increase of over 8%, currently trading at 7.36 HKD, with a total market capitalization of 1.9 billion HKD [1] Group 1: Company Developments - On September 25, Zhixing Technology announced the opening of its new headquarters building, alongside the release of several technological achievements, including an end-to-end urban auxiliary driving system, robot controllers, and a 5G smart manufacturing base [1] - As of the end of September, Zhixing Technology secured 34 new mass production project designations in the auxiliary driving business, with several projects achieving first launches in China and globally, and the company also received mass production designations from a leading manufacturer in South China [1] Group 2: Strategic Direction - Analysts suggest that Zhixing Technology is outlining a "dual-track" development roadmap, focusing on solidifying its automotive foundation while simultaneously exploring new opportunities in embodied intelligence [1]

Summary of Key Points Core Viewpoint - As of October 14, a total of 75 stocks reached their 52-week highs, with notable performances from Lihua Securities Holdings (08350), Deutsche Bank Tianxia (02418), and Chuangsheng Holdings (02680) [1]. 52-Week Highs - Lihua Securities Holdings (08350) achieved a closing price of 0.325, with a peak of 0.390, marking a high rate of 34.48% - Deutsche Bank Tianxia (02418) closed at 8.120, reaching a maximum of 8.990, with a high rate of 24.86% - Chuangsheng Holdings (02680) closed at 12.100, peaking at 12.350, with a high rate of 23.50% - Other notable stocks include Century United Holdings (01959) with a high rate of 20.97% and Silicon Xin Group (08349) with 14.38% [1]. 52-Week Lows - Hengda Group Holdings (03616) recorded a closing price of 0.345, with a low of 0.300, reflecting a decline rate of -11.76% - China Technology Industry Group (08111) reached a low of 0.085, with a decline rate of -8.89% - Other significant declines include Golden Leaf International Group (08549) at -8.06% and Changfeng Pharmaceutical (02652) at -4.90% [3].

呈交日期: 2025年10月3日 I. 法定/註冊股本變動 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 知行汽車科技(蘇州)股份有限公司 | 1. 股份分類 | 普通股 | 股份類別 H | | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01274 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 257,442,540 | RMB | | 1 | RMB | | 257,442,540 | | 增加 / 減少 (-) | | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 257,442,540 | RMB | | 1 | RMB | | 257,442,540 | 本月底法定/註冊股 ...

Financial Performance - Revenue for the reporting period was RMB 365.99 million, a decrease of 42.47% compared to the same period in 2024 [11]. - Gross profit was RMB 17.07 million, down 61.93% year-on-year, with a gross margin of 4.67% (2024: 7.05%) [11]. - Loss before tax increased by 80.39% to RMB 177.86 million, compared to RMB 98.60 million in 2024 [11]. - The loss attributable to equity holders of the company rose by 80.38% to RMB 177.88 million, compared to RMB 98.61 million in 2024 [11]. - Revenue for the reporting period was approximately RMB 365.99 million, a year-on-year decline of 42.47%, with gross profit recorded at RMB 17.07 million, down 61.93% [16]. - Revenue for the six months ended June 30, 2025, was RMB 365,993 thousand, a decrease of 42.5% compared to RMB 636,157 thousand for the same period in 2024 [91]. - Gross profit for the same period was RMB 17,074 thousand, down 62.0% from RMB 44,852 thousand in 2024 [91]. - The company reported a net loss of RMB 177,946 thousand for the six months ended June 30, 2025, compared to a net loss of RMB 98,629 thousand in 2024, indicating an increase of 80.5% in losses [91]. - Basic and diluted loss per share for the period was RMB 0.75, compared to RMB 0.44 in the same period of 2024, reflecting a deterioration in earnings per share [91]. Vehicle Production and Sales - The number of vehicles produced and sold in China reached 15.62 million and 15.65 million respectively, with year-on-year growth of 12.5% and 11.4% [12]. - Sales of new energy vehicles in China reached 6.97 million units, with a year-on-year increase of 41.4% [12]. - The market share of Chinese brand passenger cars increased by 6.5% to 68.4% of total passenger car sales [12]. Research and Development - Research and development expenses increased to RMB 156.53 million, up 57.18% from RMB 99.59 million in 2024, representing 42.77% of total revenue [37]. - The self-developed iDC series integrated driving assistance domain controller generated revenue of approximately RMB 74.38 million, reflecting a growth of 115.66% year-on-year [18]. - Revenue from intelligent driving-related R&D services increased to approximately RMB 25.79 million, up from RMB 19.61 million in the same period last year, representing a growth driven by new project acquisitions [21]. - R&D expenses surged from RMB 99,587,000 in 2024 to RMB 156,526,000 in 2025, reflecting increased investment in innovation [118]. Cash Flow and Liquidity - The net cash outflow from operating activities was RMB 97.51 million, a significant decrease from RMB 406.91 million in the same period of 2024 [42]. - The company generated a net cash inflow from investing activities of RMB 65,709 thousand, contrasting with a cash outflow of RMB (168,734) thousand in the same period of 2024 [97]. - Financing activities resulted in a net cash inflow of RMB 230,084 thousand, up from RMB 65,374 thousand in the previous year, indicating a 251% increase [97]. - Cash and cash equivalents increased to RMB 378,622 thousand from RMB 181,114 thousand at the end of 2024, showing a significant improvement in liquidity [93]. Strategic Initiatives - The company is focusing on the development of autonomous driving technologies in response to new regulatory frameworks introduced in 2025 [13]. - The company established a wholly-owned subsidiary, Aimo Star Robot, to focus on the commercialization of embodied intelligence technology, leveraging its existing technological foundation [26]. - The company is actively collaborating with leading embodied intelligence companies to develop a main controller for embodied intelligence, with product launches expected in the second half of 2025 [26]. - The company plans to deepen cooperation with existing customers and expand its OEM customer base, aiming to increase the scale of its sales and marketing teams [59]. - By 2025, the company aims to expand its products and solutions to North America, Korea, and Japan, establishing a global sales and service network [61]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to protect shareholder interests [64]. - The company has confirmed compliance with the standard code of conduct for securities trading during the reporting period [65]. - The company’s governance structure includes significant oversight from the board and audit committee to ensure compliance and transparency [82]. Shareholder Information - As of June 30, 2025, the total number of issued shares is 241,947,540, with significant holdings by key individuals: Mr. Song Yang holds 30.29% (73,282,020 shares), Mr. Lu Yukun holds 6.02% (14,555,520 shares), and Mr. Li Shuang holds 5.88% (14,238,460 shares) [81]. - Major shareholders include Mixed Reform Fund and China Chengtong, each holding 7.61% (18,412,760 shares), and Small and Medium Fund holding 6.38% (15,440,480 shares) [84]. - The company has not purchased or redeemed any of its listed securities during the reporting period, except for a purchase of HKD 29.52 million for H shares [77]. Market Trends - The penetration rate of smart driving vehicles is expected to increase significantly in the coming years, with a notable rise in demand for smart driving features, especially in new energy vehicles [55]. - The penetration rate of integrated driving assistance systems continues to rise, with significant adoption among major Chinese automakers like BYD and Changan, particularly in models priced below RMB 200,000 [14]. Capital Expenditure - The capital expenditure for the reporting period was RMB 124.43 million, a significant increase of 51.29% from RMB 82.28 million in the same period of 2024, mainly due to payments for new factory construction and equipment purchases [49].

Core Insights - The article highlights the changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies [1][2]. Group 1: Increased Holdings - Heng Rui Medicine (01276) saw the largest increase in ownership percentage, rising by 1.49% to a total of 13.84% [2]. - Kanglong Chemical (03759) experienced a 1.35% increase, bringing its ownership to 60.51% [2]. - Zhaoyan New Drug (06127) increased by 1.27%, reaching a holding of 43.70% [2]. - Other companies with significant increases include Junshi Biosciences (01877) at +1.24% (59.08%) and China Pacific Insurance (02601) at +1.20% (44.16%) [2]. Group 2: Decreased Holdings - Shandong Molong (00568) had the largest decrease, with a drop of 1.99% to 57.67% [2]. - Yisou Technology (02550) decreased by 0.99%, now holding 37.95% [2]. - Nanjing Panda Electronics (00553) saw a reduction of 0.98%, bringing its ownership to 42.65% [2]. - Other notable decreases include Kailai Ying (06821) at -0.95% (43.35%) and Meizhong Jiahe (02453) at -0.95% (32.06%) [2]. Group 3: Five-Day Changes - In the last five trading days, China Merchants Energy (01138) had the highest increase in ownership, up by 6.19% to 65.63% [3]. - Shandong Molong (00568) also saw a significant increase of 3.74% [3]. - Other companies with notable increases include Zhongchu Innovation (03931) at +3.62% (10.35%) and Youbao Online (02429) at +3.33% (17.38%) [3]. Group 4: Twenty-Day Changes - Over the past twenty days, Anjiren Food (02648) experienced the largest increase, up by 12.29% to 20.54% [4]. - China Merchants Energy (01138) also saw a significant increase of 9.07% [4]. - Other companies with notable increases include Yimai Sunshine (02522) at +7.70% (43.02%) and Lens Technology (06613) at +7.56% (13.64%) [4].

Core Viewpoint - Zhixing Technology (01274) has seen a stock increase of over 5%, currently up 5.37% at HKD 8.04, with a trading volume of HKD 24.97 million [1] Group 1: Company Developments - Recently, Zhixing Technology showcased its advanced driver assistance and embodied intelligence solutions at the 2025 IAA MOBILITY in Germany [1] - The company presented an integrated "Driving-Parking-Charging" solution that combines driver assistance and embodied intelligence [1] - In the first half of this year, Zhixing Technology delivered 116,000 sets of combined driving assistance solutions and products, representing a year-on-year growth of 20.8% [1] Group 2: Project Acquisitions - As of the end of August, Zhixing Technology secured 31 project designations from leading domestic brands such as Chery and Geely, with most models expected to be produced in 2025 and 2026 [1] Group 3: Research and Development Progress - According to recent research from Caitong Securities (601108), the company has made rapid progress in R&D and is actively expanding its embodied intelligence business [1] - The company has officially mass-produced its self-developed iDC500 combined driving domain controller, which is expected to be integrated into multiple key models from major Chinese automotive groups in the second half of the year [1] - In the field of embodied intelligence, the company established Aimo Star Robotics, focusing on the R&D and commercialization of embodied intelligence technology, and signed a framework agreement for equity transfer with "Little Craftsman" to quickly lay out key components for embodied intelligence [1]