Core Insights - The company Boreton (01333.HK) announced the launch of a new unmanned mining truck product at its Wuhan factory on November 21, 2025, which is designed for high-level automation in complex open-pit mining conditions [1][2] Group 1: Product Features - The new unmanned mining truck is based on an advanced electric chassis architecture and a fully self-developed technology system [1] - It features a multi-modal large model scheduling system and an end-to-end intelligent driving system, integrating multi-spectral perception models and dual-redundant path planning for comprehensive sensing and decision-making capabilities [1] - The truck has a no-cab design, reducing weight and height while improving passability, and is constructed with Q550E high-strength steel [1] Group 2: Energy and Safety Systems - The energy system is equipped with a 1056-degree battery, supporting long-lasting endurance and fast charging, suitable for high-intensity continuous operations [1] - The vehicle employs a fully hydraulic steering and disc hydraulic braking system, featuring a large energy storage device for shorter braking distances [1] - Multiple safety measures are implemented in sensing, decision-making, and execution, making it suitable for unmanned and intelligent operations in mining scenarios [1] Group 3: Strategic Implications - The launch of the unmanned mining truck aims to enrich the company's product portfolio and enhance its strategic layout in the fields of mining, new energy, and intelligence [2] - This product aligns with industry trends towards automation, unmanned operations, and low-carbon development, potentially offering customers safer, more efficient, and environmentally friendly transportation solutions [2]

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。 Breton Technology Co., Ltd. 博雷頓科技股份公司 （於中華人民共和國成立的股份有限公司） （股份代號：1333） 自願公告 關於本公司發佈新產品 本公告乃由博雷頓科技股份公司（「本公司」，連同其附屬公司統稱「本集團」）自願 作出。 本公司於2025年11月21日（星期五）在其武漢工廠舉行新品下線儀式暨發佈會， 推出全新的無人駕駛礦用卡車產品（「該產品」）。 該產品基於先進電動底盤架構與全棧自研技術體系，實現了露天礦區複雜工況下 的高階無人化作業。整車搭載多模態大模型調度系統以及E2E智能駕駛系統，融 合多光譜感知大模型與雙冗餘路徑規劃，構建起覆蓋遠距探測、多地形自適應與 路徑決策的全鏈路感知－決策能力。 是次本公司正式發佈全新無人駕駛礦用卡車，旨在豐富產品組合並完善在礦山新 能源與智能化領域的戰略布局。該產品契合行業智能化、無人化及低碳化發展趨 勢，有望為客戶提供更安全、高效和 ...

Core Viewpoint - The launch of the Boreton 9M145E, a new generation of unmanned electric mining trucks, marks a significant shift towards fully autonomous mining operations, representing a key milestone in the transition from traditional manual driving to large-scale implementation of unmanned systems [1][6]. Group 1: Unmanned Driving Capabilities - The new model features Boreton's self-developed E2E end-to-end intelligent driving system, which enhances operational efficiency and stability through multi-dimensional perception integration, intelligent path planning, and real-time decision-making based on a multi-modal mining model [3]. - Compared to traditional manual driving, unmanned vehicles demonstrate improved performance in night shifts, long distances, and complex road conditions, significantly reducing operational fluctuations and increasing effective production per unit time [3][7]. Group 2: Dedicated Unmanned Platform - Unlike traditional vehicles modified for unmanned operation, the new model is designed from the ground up as a dedicated unmanned platform, optimizing structure, safety, and maintenance by removing the driver's cabin [4]. - This design allows for systematic reconstruction of the vehicle's layout, control systems, sensor placements, and energy management, enabling immediate deployment in mining operations and significantly reducing deployment costs [4][8]. Group 3: Systematic Green Mining Solutions - Alongside the new model, Boreton introduced a comprehensive green mining solution that integrates photovoltaic networks, energy storage, charging/replacement systems, electric mining trucks, unmanned driving systems, and smart mining scheduling platforms [6]. - This integrated approach allows mining companies to achieve quantifiable and replicable optimization in energy costs, safety, production rhythm, and emission reduction, driving the green transformation of mining operations [6][10]. Group 4: Industry and Technology Outlook - The global mining industry is undergoing a digital, electric, and automated transformation, with unmanned electric mining trucks entering a phase of accelerated adoption from demonstration projects to widespread application [7]. - Market research indicates that the unmanned mining truck market will experience rapid growth in the coming years, driven by cost reductions from electrification and efficiency improvements from automation [7]. - The increasing penetration of photovoltaic and energy storage solutions in mining will further enhance the cost advantages of electric mining trucks, while advancements in intelligent sensing and multi-modal models will improve the stability and operational capabilities of unmanned systems [7]. Group 5: Long-term Value of Boreton's Approach - Boreton's strategy is considered to have stronger long-term sustainability and competitiveness due to its dedicated unmanned platform, which addresses structural limitations of traditional modification routes [8]. - The deep self-research in the three-electric system, thermal management, and energy replenishment allows for a synergistic relationship between electrification and unmanned driving, creating a more favorable cost curve compared to traditional fuel vehicles [8]. - Boreton's end-to-end algorithm system enhances responsiveness and adaptability to extreme mining conditions, while the comprehensive solution encompassing energy, equipment, and scheduling improves overall operational efficiency and investment returns for mining companies [8][10].

Core Viewpoint - The launch of the Boreton 9M145E marks a significant advancement in the mining industry, transitioning from traditional manual driving to a fully autonomous system, representing a pivotal moment in the transformation of mining operations towards a zero-carbon future [1][6]. Group 1: Autonomous Driving Capabilities - The new model features Boreton's self-developed E2E end-to-end intelligent driving system, enhancing operational efficiency and stability across loading, transportation, and discharge processes, particularly in challenging conditions [3]. - Compared to traditional manual driving, autonomous vehicles demonstrate improved performance in night shifts, long distances, and complex terrains, leading to reduced operational fluctuations and increased effective production [3]. Group 2: Dedicated Platform for Autonomous Driving - Unlike traditional vehicles modified for autonomous use, the new model is designed from the ground up as a driverless platform, optimizing structure, safety, and maintenance [4]. - The removal of the driver's cabin reduces operational redundancy and enhances reliability, allowing for immediate deployment in mining operations and significantly lowering deployment costs [4]. Group 3: Systematic Green Mining Solutions - Alongside the new vehicle, Boreton introduced a comprehensive green mining solution that integrates photovoltaic networks, energy storage, charging systems, electric mining trucks, and intelligent scheduling platforms [6]. - This integrated approach enables quantifiable and replicable optimization in energy costs, safety, production rhythm, and emission reduction, driving the green transformation of mining enterprises [6]. Group 4: Industry and Technology Outlook - The global mining industry is undergoing a digital, electric, and automated transformation, with autonomous electric mining trucks poised for rapid growth as they transition from pilot projects to widespread application [7]. - The increasing penetration of photovoltaic and energy storage solutions will enhance the cost advantages of electric mining trucks, while advancements in intelligent perception and multi-modal models will improve the stability and operational capabilities of autonomous systems [7]. Group 5: Long-term Value of Boreton's Approach - Boreton's strategy is seen as more sustainable and competitive due to its dedicated driverless platform, which addresses structural limitations of traditional modifications and enhances operational scalability [8]. - The company's deep self-research in the three-electric system, thermal management, and energy replenishment allows for better synergy between electrification and automation, creating a more favorable cost curve compared to traditional fuel vehicles [8]. - Boreton's end-to-end algorithm system shortens perception and decision-making paths, improving responsiveness in extreme mining conditions, while its comprehensive solutions across energy, equipment, and scheduling enhance overall mining efficiency [8][10].

Core Insights - Boreton Technology Co., Ltd. launched the new generation of unmanned electric mining truck, Boreton 9M145E, marking a significant shift towards fully autonomous mining operations [1][3] - The introduction of this model is seen as a pivotal moment in the transformation of mining production methods, moving from traditional manual driving to large-scale implementation of unmanned systems [1][6] Group 1: Unmanned Driving Capabilities - The new model features Boreton's self-developed E2E end-to-end intelligent driving system, enhancing operational efficiency and stability across loading, transportation, and unloading processes [3][4] - Compared to traditional manual driving, unmanned vehicles demonstrate improved performance in night shifts, long distances, and complex road conditions, significantly reducing operational fluctuations and increasing effective production [3][6] Group 2: Dedicated Platform for Unmanned Driving - Unlike traditional vehicles retrofitted for unmanned operation, Boreton's new model is designed from the ground up as a dedicated unmanned platform, optimizing structure, safety, and maintenance [4][8] - The removal of the driver's cabin allows for a comprehensive optimization of the vehicle's design, enhancing reliability and reducing deployment costs in mining areas [4][8] Group 3: Systematic Green Mining Solutions - Alongside the new model, Boreton presented a systematic green mining solution that integrates photovoltaic networks, energy storage, charging systems, electric mining trucks, and intelligent scheduling platforms [6][10] - This integrated approach enables mining companies to achieve quantifiable and replicable improvements in energy costs, safety, production rhythm, and emission reduction [6][10] Group 4: Industry and Technological Outlook - The global mining industry is undergoing a digital, electric, and automated transformation, with unmanned electric mining trucks entering a phase of accelerated growth [7][10] - Research indicates that the unmanned mining truck market will experience rapid growth in the coming years, driven by cost reductions from electrification and efficiency gains from automation [7][10] Group 5: Long-term Value of Boreton's Approach - Boreton's strategy is considered to have stronger long-term sustainability and competitiveness due to its dedicated unmanned platform, which addresses structural limitations of traditional retrofitting [8][10] - The company's deep self-research in the three-electric system, thermal management, and energy replenishment allows for a synergistic relationship between electrification and unmanned driving [8][10]

Group 1: Market Overview - The Hang Seng Index fell by 0.45%, down 117 points, closing at 25,812 points, while the Hang Seng Tech Index dropped by 0.98% [1] - The trading volume in the Hong Kong stock market reached HKD 112.6 billion in the morning session [1] Group 2: Hydrogen Energy Sector - Hydrogen energy stocks experienced a significant rise, driven by the continuous rollout of green hydrogen ammonia industry policies, indicating a maturing industry [1] - Reshaping Energy (02570) surged by 24.29%, while Guofu Hydrogen Energy (02582) increased by over 4.64% [1] Group 3: Oil Sector - Oil stocks continued their recent upward trend, with institutions noting the resilience of the three major oil companies during the oil price downturn [1] - Sinopec (00386) rose by 3.6%, PetroChina (00857) increased by 2.49%, and CNOOC (00883) gained 2.11% [1] Group 4: Telecommunications and Technology - Changfei Optical Fiber and Cable (06869) saw an increase of over 4% after China Telecom completed the world's first ultra-long-distance hollow core fiber transmission experiment [1] - Boleton (01333) surged by over 10% as the company is set to globally launch its autonomous driving specialized mining truck this Friday [1] Group 5: Gold and Consumer Products - Shangshan Gold (01939) rose nearly 2% following a profit warning, which is expected to boost its global layout of intelligent gold terminals [1] - H&H International Holdings (01112) increased by over 2%, with a strong growth momentum in its infant-related products, particularly in infant formula sales exceeding industry averages [1] Group 6: Medical and Defense Sectors - Yimai Sunshine (02522) rose by over 4% as the company plans to further invest in Yinghe Medical, validating its commercial path for medical data assetization [1] - China Shipbuilding Defense (00317) increased by over 4%, with institutions noting that second-hand ship prices have surpassed new ship prices, indicating an upcoming positive trend in the shipbuilding sector [1] Group 7: Declining Stocks - Jacobson Pharmaceutical (02633) fell by over 8% due to a 5.36% year-on-year decrease in mid-term earnings, despite a 20% increase in dividends [2] - Yuejiang (02432) dropped by over 4%, accumulating a decline of over 40% in the past two months, having completed two rounds of equity financing in four months [2]

Core Viewpoint - Boreton (01333.HK) experienced a significant increase in stock price, rising over 11% in early trading and currently up by 7.76%, reaching HKD 28.88 with a trading volume of HKD 48.109 million [1] Group 1 - The stock price of Boreton increased by over 11% in early trading [1] - As of the latest update, the stock is up 7.76% at HKD 28.88 [1] - The trading volume reached HKD 48.109 million [1]

Core Viewpoint - Boreton (01333) has seen a significant increase in stock price, attributed to the upcoming global launch of its autonomous mining truck and a strategic partnership with Fujian Rixin Machinery Rental Co., Ltd. [1] Group 1: Stock Performance - Boreton's stock rose over 11% in early trading, currently up 7.76% at HKD 28.88, with a trading volume of HKD 48.109 million [1] Group 2: Strategic Developments - On November 21, Boreton will globally launch its autonomous mining truck, marking a significant milestone in the commercialization of autonomous mining applications [1] - The company signed a strategic cooperation framework agreement with Fujian Rixin, which plans to purchase no less than 150 electric mining trucks and associated autonomous services for various mining operations [1] Group 3: Financial Activities - Boreton announced a plan to place up to 10 million new H-shares, aiming to raise approximately HKD 240 million [1] - Of the raised funds, around HKD 170 million will be allocated for overseas photovoltaic and energy storage project development, approximately HKD 40 million for repaying interest-bearing loans, and about HKD 40 million for the development of a collaborative scheduling system for multi-modal large model-driven autonomous mining trucks [1]

Core Viewpoint - Boleton (01333) has seen a significant increase in stock price, rising over 11% in early trading, attributed to the global launch of its autonomous mining truck and a strategic partnership with Fujian Rixin Machinery Leasing Co., Ltd. [1] Group 1: Company Developments - Boleton's autonomous mining truck will have its global debut on November 21, marking a significant milestone in the commercialization of autonomous mining applications [1] - The company has signed a strategic cooperation framework agreement with Fujian Rixin, which plans to purchase no less than 150 electric mining trucks and associated autonomous driving services for various mining operations [1] Group 2: Financial Activities - Boleton plans to place up to 10 million new H-shares, aiming to raise approximately HKD 240 million [1] - Of the raised funds, around HKD 170 million will be allocated for overseas photovoltaic and energy storage project development, approximately HKD 40 million for repaying interest-bearing loans, and about HKD 40 million for the development of a multimodal large model-driven autonomous mining truck scheduling system [1]

Core Viewpoint - Boleton (01333.HK) announced a discounted placement plan to raise approximately HKD 240 million, leading to a significant drop in its stock price following the announcement [2][4]. Fundraising Details - The company plans to issue up to 10 million new H-shares at a price of HKD 25.08 per share, representing a 14.98% discount from the closing price on the agreement date [4]. - The net proceeds from this placement are expected to be around HKD 240 million after expenses [4]. Utilization of Funds - Approximately 70% of the raised funds will be allocated to the investment and development of overseas photovoltaic and energy storage projects, which are central to the company's integrated strategy [6]. - About 15% will be used to repay interest-bearing loans to improve capital structure and cash flow stability [6]. - The remaining 15% will be invested in the research and commercialization of a multi-modal large model-driven autonomous mining truck scheduling system [6]. Company Performance and Challenges - Boleton, which went public on May 7, 2025, has shown a strong revenue growth trajectory, with revenues of RMB 360 million, RMB 464 million, and RMB 635 million projected from 2022 to 2024 [8]. - Despite revenue growth, the company has faced increasing losses, with losses of RMB 178 million, RMB 229 million, and RMB 275 million expected from 2022 to 2024, and a loss of RMB 174 million in the first half of 2025 [8]. Strategic Focus - The company aims to build an ecosystem around "photovoltaic storage microgrid power supply," "new energy excavation and transportation mining equipment," and "automated collaborative operations" to become a leading power producer and mining service provider [9]. - Boleton is implementing a network-type photovoltaic storage system in mining areas to operate independently in low or no public grid environments, enhancing energy efficiency [10]. Market Context - The electric engineering machinery industry is experiencing growth driven by dual carbon goals, increasing market attention on leading companies [12]. - Boleton's potential inclusion in the "Hong Kong 100 Strong" list, which recognizes outstanding companies, is anticipated due to its advancements in electric mining trucks and autonomous driving technology [12].