Core Viewpoint - Boreton (01333) has entered into a strategic cooperation agreement with Mingyang Mining to enhance the electrification and automation of mining operations, leading to increased operational efficiency and safety [1] Group 1: Company Developments - Boreton's stock opened significantly higher, rising by 7.44% to HKD 41.28, with a trading volume of HKD 18.568 million [1] - The strategic cooperation aims to establish a long-term partnership in the field of autonomous transportation in mining [1] Group 2: Partnership Details - The agreement focuses on the complementary advantages and win-win cooperation principles between the parties involved [1] - Mingyang Mining will handle the overall excavation and transportation operations and plans to purchase no less than 1,000 electric autonomous mining trucks and related services from Boreton [1] - Boreton will provide electric mining truck products and autonomous driving technology to Mingyang Mining [1]

Core Viewpoint - Boleton (01333) has seen a significant increase in stock price, rising by 7.44% to HKD 41.28, following the announcement of a strategic cooperation agreement with Mingyang Mining [1] Group 1: Strategic Cooperation - Boleton and Mingyang Mining have entered into a strategic cooperation agreement aimed at long-term collaboration in the mining business, focusing on the electrification and intelligent development of mining transportation [1] - The agreement emphasizes complementary advantages and win-win cooperation between the parties involved [1] Group 2: Autonomous Mining Transportation - The partnership will establish a long-term strategic relationship in the field of autonomous transportation in mining, promoting the application of electric mining trucks and autonomous driving systems [1] - Both companies aim to enhance operational efficiency and safety levels in mining areas through deep cooperation [1] Group 3: Purchase Agreement - Mingyang Mining is set to purchase no less than 1,000 electric autonomous mining trucks and related services from Boleton for various mining operations, including earthworks, excavation, transportation, and unloading [1] - Boleton will provide electric mining truck products and autonomous driving technology to Mingyang Mining [1]

Core Insights - The article highlights the rapid growth of AI applications in the energy sector, particularly in the context of zero-carbon mining robots, with Boreton (01333) positioned as a leading player in this niche market [1][2]. Group 1: Policy and Market Drivers - Recent policies from the National Energy Administration, including the "Implementation Opinions on Promoting High-Quality Development of 'AI + Energy'," are driving the integration of AI in energy applications [1][2]. - The dual carbon policy is steering the transition of mining engineering towards renewable energy, making it a key focus area for zero-carbon initiatives [2]. Group 2: Company Developments - Boreton has secured a strategic cooperation agreement with Mingyang Mining to provide at least 1,000 electric unmanned mining vehicles, indicating a growing demand for electric and intelligent mining solutions [3]. - The company has received a significant order worth 118 million yuan from China Resources Cement, showcasing its strong client relationships and order pipeline [3][4]. Group 3: Technological Innovations - Boreton is collaborating with Huawei to develop a "networked energy storage technology," aiming to transform mining operations from energy consumers to clean energy producers [5]. - The company is also advancing its energy storage projects, evidenced by a recent contract with Guoxia Technology for energy storage system equipment, marking a significant step in its development [6]. Group 4: Market Recognition and Growth Potential - Boreton's innovative approach in AI and energy applications has led to its inclusion in the Hang Seng Composite Index, reflecting strong market recognition and potential for valuation growth [7]. - The company is expected to enhance its growth trajectory through its light storage energy services, which are seen as a new growth avenue [7].

Core Insights - The article highlights the rapid growth of AI applications in the energy sector, particularly focusing on Boreton as a leader in the zero-carbon mining robot industry, leveraging AI technology for autonomous mining solutions [1][7] - Boreton's strategic partnerships and contracts, including collaborations with major companies like Huawei and China Resources Cement, are driving its growth and market presence [5][6][4] Policy and Market Trends - The dual push from government policies, such as the recent guidelines from the National Energy Administration, is fostering high-quality growth in energy equipment, particularly in the context of zero-carbon initiatives [2] - The demand for zero-carbon mining robots is expected to rise significantly, with the market for new energy engineering machinery projected to maintain double-digit compound growth rates [2] Company Developments - Boreton has secured a strategic cooperation agreement with Mingyang Mining to provide at least 1,000 electric unmanned mining vehicles, indicating a strong order pipeline and commitment to electric and intelligent mining solutions [3] - The company has been recognized for its quality and service, receiving the "Quality Supplier" award from China Resources Cement, which reflects its strong performance in the mining sector [4] Technological Innovations - Boreton is exploring the zero-carbon economy by providing integrated green and intelligent operational solutions, including a partnership with Huawei to develop networked energy storage technology for mining applications [5][6] - The company is set to launch its self-developed autonomous mining vehicles, focusing on safety, efficiency, and environmental sustainability, which aligns with the industry's shift towards cleaner energy production [7] Market Recognition - Boreton's inclusion in the Hang Seng Composite Index in September indicates strong market recognition and potential for valuation growth amidst the AI application investment wave [7]

Major Events - China Railway (00390) recently won bids for 11 major projects, with a total contract value of approximately 50.215 billion yuan [1] - China Communications Technology (03969) secured four important projects in the railway market from July to August [1] - Chow Tai Fook (00659) plans to issue convertible bonds worth 2.218 billion HKD, converting approximately 10% of shares in First Journey Holdings (00697) [1] - Shanghai Pharmaceuticals (02607) transferred 40% equity of Shanghai Pharmaceuticals Group to Shanghai Shansi for about 6.7215 billion yuan [1] - Tianjin Port Development (03382) plans to invest 95.403 million yuan to acquire 5% equity in Eurasia International [1] - Tianjin Port Development (03382) intends to acquire 40% equity in Alliance International for 723 million yuan, increasing its stake to 100% [1] - First Journey Holdings (00697) received investment from Beijing Robotics Fund in Quan Zhi Bo, continuing to increase investment in the robotics industry [1] - Boleton (01333) signed a strategic cooperation agreement with Mingyang Mining to promote the electrification and intelligence of mining transportation [1] - China Biopharmaceutical (01177) completed the first patient enrollment in the Phase I clinical trial of LM-350 "CDH17 ADC" in Australia [1] - Xinjiang Xinmin Mining (03833) proposed to issue A-shares [1] - Jihong Co., Ltd. (02603) expects a year-on-year increase of 55%-65% in net profit attributable to shareholders for the first three quarters [1] Buybacks and Shareholding Changes - Tencent Holdings (00700) repurchased 844,000 shares for 550 million HKD on September 25 [1] - Midea Group (00300) repurchased 2.0 billion yuan worth of 2.7455 million A-shares on September 25 [1] - Anta Sports (02020) repurchased 99.819 million HKD worth of 106,500 shares on September 25 [1] - Guoquan (02517) plans to use up to 100 million HKD for further repurchase of H-shares [1] - Juzi Holding increased its stake by acquiring 1.15 million shares in Giant Bio (02367) [1] - Harmony Health, a shareholder of Goldwind Technology (02208), reduced its holdings by approximately 57.14185 million shares [1]

Group 1 - Boreton (01333.HK) has entered into a strategic cooperation agreement with Xinjiang Mingyang Mining Construction Group Co., Ltd. to promote long-term collaboration in the mining business, focusing on the electrification and intelligent development of mining transportation [1] - The agreement includes establishing a long-term strategic partnership in the field of unmanned transportation in mining, enhancing operational efficiency and safety through the application of electric mining trucks and autonomous driving systems [1] - Mingyang Mining will purchase no less than 1,000 electric unmanned mining trucks and related services from Boreton for excavation, transportation, and unloading from the effective date of the agreement until September 22, 2028 [1] Group 2 - Mingyang Mining is a company established in the People's Republic of China, primarily engaged in mining engineering construction and operations, with extensive experience in project management [2] - The collaboration is expected to further promote the application of electric mining trucks and autonomous driving solutions, enhancing operational efficiency and safety in mining areas, while expanding the group's business in the mining transportation sector [2]

Core Viewpoint - Boreton (01333) has entered into a strategic cooperation agreement with Xinjiang Mingyang Mining Construction Group Co., Ltd. to promote the electrification and intelligent development of mining transportation [1] Group 1: Strategic Cooperation Agreement - The agreement is based on the principles of complementary advantages and win-win cooperation in the mining business sector [1] - Both parties aim to establish a long-term strategic partnership in the field of unmanned transportation in mining [1] Group 2: Responsibilities and Commitments - Mingyang Mining, as the first party, will undertake the overall excavation and transportation business of the mine and plans to purchase no less than 1,000 electric unmanned mining vehicles and services from Boreton by September 22, 2028 [1] - Boreton, as the second party, is responsible for providing electric mining vehicles and unmanned driving technology to Mingyang Mining [1] Group 3: Technological Advantages and Market Expansion - The company possesses leading technology and product advantages in the field of unmanned driving and electrification in mining [1] - This cooperation will help further promote the application of Boreton's electric mining vehicles and autonomous driving solutions, enhancing operational efficiency and safety in mining areas, and expanding the company's business in the mining transportation sector [1]

Core Viewpoint - Boreton (01333) has entered into a strategic cooperation agreement with Xinjiang Mingyang Mining Construction Group Co., Ltd. to promote the electrification and intelligent development of mining transportation [1] Group 1: Strategic Cooperation Agreement - The agreement is based on the principles of complementary advantages and win-win cooperation in the mining business sector [1] - Both parties aim to establish a long-term strategic partnership in the field of unmanned transportation in mining [1] Group 2: Operational Details - Mingyang Mining, as the first party, is responsible for the overall excavation and transportation business of the mine and plans to purchase no less than 1,000 electric unmanned mining vehicles and services from Boreton by September 22, 2028 [1] - Boreton, as the second party, will provide electric mining truck products and unmanned driving technology to Mingyang Mining [1] Group 3: Technological Advantages - The group possesses leading technology and product advantages in the field of unmanned driving and electrification in mining [1] - This cooperation will further promote the application of Boreton's electric mining trucks and autonomous driving solutions, enhancing operational efficiency and safety in mining areas [1]

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 有關訂立戰略合作協議 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。 本公司董事（「董事」）會（「董事會」）欣然宣布，近期新疆鳴陽礦業建設集團有限 公司（「鳴陽礦業」）與本公司訂立了一項戰略合作協議（「該協議」）。據此，該協議 各訂約方（各稱「訂約方」，統稱「訂約各方」）擬根據優勢互補、合作共贏的原則， 在礦山業務領域展開長期戰略合作，推動礦山運輸的電動化及智能化發展。 該協議 該協議的主要條款概述如下： 訂約方：(甲方：) 新疆鳴陽礦業建設集團有限公司；及 (乙方：) 博雷頓科技股份公司 1 合作內容： 合作模式： 期限： 該協議自訂約各方簽署之日起生效，合作期為3年。協議屆滿後，雙方在同等條 件下可優先考慮與對方續 ...

Financial Performance - The company recorded revenue of RMB 326.8 million for the first half of 2025, representing a year-on-year growth of 22.2%[8]. - The gross profit for the same period was RMB 21.0 million, an increase of 152.1% year-on-year, with a gross margin of 6.4%, up 3.3 percentage points from the previous year[10]. - The company's revenue for the six months ended June 30, 2025, was RMB 326.8 million, an increase of 22.2% compared to RMB 267.5 million for the same period in 2024[16]. - Revenue for the six months ended June 30, 2025, was RMB 326,774,638, representing a 22.1% increase from RMB 267,451,236 in the same period of 2024[87]. - The revenue from electric vehicles was RMB 320,570,755, up from RMB 261,491,510 in 2024, indicating a growth of about 22.5%[105]. - The company reported a total comprehensive loss of RMB (170,393,023) for the six months ended June 30, 2025, compared to a loss of RMB (174,184,344) in the same period of 2024[95]. Sales and Product Development - Sales of electric rigid dump trucks accounted for 78.5% of total revenue, with a significant increase of RMB 111.96 million or 77.5% compared to the previous year[8]. - Sales revenue from autonomous driving equipment exceeded 11% of total revenue for the first half of 2025, surpassing the entire revenue for this segment in 2024[12]. - The company is developing new products including a 135-ton 800kWh battery swap vehicle and a 145-ton range-extended electric rigid dump truck[11]. - The company aims to provide integrated solutions for zero-carbon mining through a "photovoltaic + energy storage + charging + electric transportation" model, targeting markets with low electricity costs[53]. Losses and Expenses - The company reported a pre-tax loss of RMB 174.2 million, which widened by 12.9% year-on-year, primarily due to credit impairment losses[10]. - The company's net loss for the six months ended June 30, 2025, was RMB 174.2 million, an increase of 12.9% compared to RMB 154.3 million in 2024[26]. - Operating loss widened to RMB 168,478,684 compared to a loss of RMB 156,764,831 in the previous year, reflecting increased costs and expenses[87]. - Financial costs increased to RMB 6,526,780 for the six months ended June 30, 2025, from RMB 3,878,131 in 2024, reflecting a rise of approximately 68%[111]. Assets and Liabilities - As of June 30, 2025, total current assets amounted to RMB 1,137.2 million, up from RMB 1,019.6 million as of December 31, 2024[30]. - The company's total liabilities increased to RMB 895.6 million as of June 30, 2025, compared to RMB 756.1 million as of December 31, 2024[30]. - Cash and cash equivalents rose by 64.2% to RMB 327.3 million as of June 30, 2025, from RMB 199.3 million as of December 31, 2024[31]. - The total assets as of June 30, 2025, amounted to RMB 1,137,215,357, an increase from RMB 1,019,639,905 at the end of 2024[90]. Shareholder Information - As of June 30, 2025, the total equity of the company is RMB 379,651,762, consisting of 241,241,531 H shares and 138,410,231 domestic shares[63]. - Major shareholder Shanghai Fang Ao owns 42,251,198 domestic shares and 42,251,199 H shares, accounting for approximately 11.13% of the total issued shares[67]. - The company has a diverse shareholder base, with significant stakes held by various investment entities[67]. - The ownership structure indicates a strong concentration of shares among a few major shareholders, enhancing control over corporate decisions[67]. Governance and Compliance - The company has adopted corporate governance practices in line with the listing rules and has confirmed compliance with the standards since the listing date[59]. - The audit committee reviewed the unaudited interim financial information for the six months ending June 30, 2025, and found it compliant with applicable accounting standards[79]. - The external auditor, KPMG, conducted a review of the interim financial report in accordance with the relevant standards issued by the Hong Kong Institute of Certified Public Accountants[79]. Employee and Operational Metrics - As of June 30, 2025, the group had 337 employees, down from 372 on December 31, 2024, with employee costs amounting to RMB 67.8 million for the six months ending June 30, 2025[51]. - Employee costs totaled RMB 67,811,412 for the six months ended June 30, 2025, down from RMB 75,042,382 in 2024, a decrease of about 9%[112]. - The company has established an employee incentive plan to reward and motivate employees, with no dilution effect on issued shares as all relevant shares have been allocated to the incentive platform[78]. Research and Development - Research and development costs decreased by 14.1% to RMB 37.2 million, with the ratio of R&D expenses to revenue dropping to 11.4% from 16.2%[22]. - The company’s research and development costs for the six months ended June 30, 2025, were RMB 2,071,174, compared to RMB 1,331,999 for the same period in 2024[148]. Cash Flow and Financing - Operating cash outflow for the six months ended June 30, 2025, was RMB 147.9 million, an improvement from RMB 183.7 million in the same period of 2024[45]. - The net cash generated from financing activities was RMB 335,453,803, significantly higher than RMB 68,396,657 in the previous year, reflecting a strong financing position[97]. - The company issued H-shares and raised net proceeds of RMB 179,820,532 during the reporting period[97]. Impairment and Provisions - The impairment loss on trade and other receivables increased by 61.5% to RMB 73.5 million for the six months ended June 30, 2025, compared to RMB 45.5 million in 2024[23]. - The expected credit loss for trade receivables as of June 30, 2025, was RMB 227,711,195, with an overall expected loss rate of 35.56%[156]. - Trade receivables impairment provisions increased from RMB 156,825,397 at the beginning of 2025 to RMB 227,711,195 by June 30, 2025, reflecting a significant rise of 45.2%[157].