Core Viewpoint - The stock price fluctuations of Youjia Innovation (02431) are influenced by both fundamental factors and short-term events, with the potential for strategic investment opportunities arising from perceived undervaluation due to market noise [2][5]. Company Overview - Youjia Innovation has achieved significant milestones in the intelligent driving sector, successfully listing on the capital market by the end of 2024, which reflects its solid fundamentals and growth expectations [3][4]. - The company has demonstrated a robust financial performance, with a compound annual growth rate of over 50% in revenue from 2022 to 2024, and a 46% increase in revenue to 346 million yuan in the first half of the previous year [4][5]. Market Position and Strategic Moves - Amidst a tightening financing environment, Youjia Innovation has leveraged its listing to secure two strategic financings, enhancing its research and market expansion capabilities [5]. - The company has expanded its influence in the market, having provided solutions to 42 vehicle manufacturers, including major domestic and joint venture brands, and has entered international supply chains [6]. Product Development and Innovation - Youjia Innovation has made significant advancements in its product offerings, including the launch of new intelligent driving solutions and the development of integrated smart cockpit solutions, which have garnered substantial orders from global automotive companies [6][7]. - The company is actively pursuing L4-level autonomous driving projects, with notable contracts and projects already in place, indicating a strong growth trajectory in this segment [9]. Industry Trends and Regulatory Environment - The intelligent driving industry is evolving, with the recent approval of L3-level autonomous driving vehicles for commercial application in designated areas, marking a significant step towards broader adoption [10][11]. - Youjia Innovation is well-positioned to capitalize on these regulatory changes, as it has developed comprehensive technical capabilities across L1 to L4 levels and is prepared to meet the increasing demands for advanced driving solutions [12]. Investment Potential - The recent inclusion of Youjia Innovation in the Hang Seng Stock Connect Electronic Theme Index highlights its growing recognition and potential as a valuable investment opportunity [12]. - Despite short-term market fluctuations, the long-term outlook for Youjia Innovation remains positive, with expectations for stock price recovery and value reassessment driven by policy support and market dynamics [12].

Core Viewpoint - The article emphasizes that despite short-term market fluctuations and emotional impacts, the long-term value of a company is rooted in its fundamentals and growth prospects, suggesting that current price dips may present strategic buying opportunities for investors [1][10]. Company Overview - Youjia Innovation (佑驾创新) is recognized as a high-growth company in the intelligent driving sector, having achieved significant milestones and is considered a rare potential stock in smart driving [1][4]. - The company successfully listed on the capital market at the end of 2024, demonstrating its solid fundamentals and strong growth expectations [2][3]. Financial Performance - Youjia Innovation's revenue grew at a compound annual growth rate (CAGR) of over 50% from 2022 to 2024, with a 46% increase in revenue to 346 million yuan in the first half of the previous year [3][4]. - The company completed two strategic financings post-listing, which bolstered its research and market expansion efforts [3]. Business Developments - The company has made significant advancements in various core areas, including Advanced Driver Assistance Systems (ADAS), Driver Monitoring Systems (DMS), and vehicle-road collaboration [4][5]. - As of June 30, 2025, Youjia Innovation has partnered with 42 vehicle manufacturers, expanding its influence in both domestic and international markets [4]. Product Innovations - Youjia Innovation launched several intelligent driving solutions in the first half of 2025, including the iPilot 4 Plus and iPilot 4 Max, to meet the growing demand for mid-to-high-level intelligent driving [4]. - The company also introduced the iCabin Lite product and the "Smart Butler BamBam" for intelligent cockpit solutions, securing orders worth approximately 320 million yuan [5]. Market Position and Future Outlook - The intelligent driving industry is evolving, with the recent approval of L3-level autonomous driving vehicles in China marking a significant step towards commercialization [8][9]. - Youjia Innovation is well-positioned to leverage its L4 capabilities and extensive L2 data to enhance its L3 solutions, indicating strong growth potential [8][9]. - The company is expected to experience a revaluation as it continues to demonstrate its unique growth path and capitalize on policy support [9][10].

根据承诺函，该等股东基于对公司未来发展前景、核心技术实力、市场业务潜力及管理团队凝聚力的长 期坚定看好，且该等股东为维护公司股价稳定及资本市场信心，保障公司全体股东特别是中小股东的合 法权益： 公司认为，该等股东不减持公司股份有利于进一步促进公司持续、稳定、健康发展。 格隆汇1月5日丨佑驾创新(02431.HK)公告，公司近期收到公司大股东、执行董事刘国清、杨广、周翔、 王启程，以及个人股东闫胜业、吴建鑫("该等股东")出具的关于不减持公司股份的承诺。鉴于该等股东 所持的公司H股及未上市股份原限售期届满，该等股东向公司出具关于自愿延长限售期的承诺函。根据 中国公司法等适用法规要求，该等股东所持股份的原限售期自公司上市日期起12个月，于2025年12月27 日届满。 1.刘国清、杨广、周翔、王启程向本公司自愿承诺，自原锁定期届满日(2025年12月27日)起，自愿将所 持上述合共77,488,710股锁定期延长12个月至2026年12月27日(包含当日)止。在该延长锁定期内，不会 以任何方式直接或间接减持公司该等股份；2.闫胜业、吴建鑫分别向公司自愿承诺，自原锁定期届满日 (2025年12月27日)起，自愿将上 ...

佑驾创新(02431)发布公告，本公司近期收到本公司大股东、执行董事刘国清、杨广、周翔、王启程， 以及个人股东闫胜业、吴建鑫(该等股东)出具的关于不减持本公司股份的承诺。鉴于该等股东所持的本 公司H股及未上市股份(所持股份)的原限售期(原限售期)届满，该等股东向本公司出具关于自愿延长限 售期的承诺函(承诺函)。根据中国公司法等适用法规要求，该等股东所持股份的原限售期自本公司上市 日期起12个月，于2025年12月27日届满。 根据承诺函，该等股东基于对本公司未来发展前景、核心技术实力、市场业务潜力及管理团队凝聚力的 长期坚定看好，且该等股东为维护本公司股价稳定及资本市场信心，保障本公司全体股东特别是中小股 东的合法权益： 1.刘国清、杨广、周翔、王启程向本公司自愿承诺，自原锁定期届满之日(2025年12月27日)起，自愿将 所持上述合共7748.87万股的锁定期延长12个月至2026年12月27日(包含当日)止。在该延长锁定期内，不 会以任何方式直接或间接减持公司该等股份; 2.闫胜业、吴建鑫分别向本公司自愿承诺，自原锁定期届满之日(2025年12月27日)起，自愿将上述其分 别持有的599.35万股及419 ...

智通财经APP讯，佑驾创新(02431)发布公告，本公司近期收到本公司大股东、执行董事刘国清、杨广、 周翔、王启程，以及个人股东闫胜业、吴建鑫(该等股东)出具的关于不减持本公司股份的承诺。鉴于该 等股东所持的本公司H股及未上市股份(所持股份)的原限售期(原限售期)届满，该等股东向本公司出具 关于自愿延长限售期的承诺函(承诺函)。根据中国公司法等适用法规要求，该等股东所持股份的原限售 期自本公司上市日期起12个月，于2025年12月27日届满。 截至本公告日期，本公司大股东、执行董事刘国清、杨广、周翔、王启程根据承诺函所涵盖的股份合共 持有7748.87万股，约占本公司全部已发行股份的18.4164%;个人股东闫胜业、吴建鑫分别持有599.35万 股及419.56万股，分别约占本公司全部已发行股份的1.4244%及0.9972%。 根据承诺函，该等股东基于对本公司未来发展前景、核心技术实力、市场业务潜力及管理团队凝聚力的 长期坚定看好，且该等股东为维护本公司股价稳定及资本市场信心，保障本公司全体股东特别是中小股 东的合法权益： 1.刘国清、杨广、周翔、王启程向本公司自愿承诺，自原锁定期届满之日(2025年12月 ...

本 公 司 近 期 收 到 本 公 司 大 股 東、執 行 董 事 劉 國 清、楊 廣、周 翔、王 啟 程，以 及 個 人 股 東 閆 勝 業、吳 建 鑫（「該等股東」）出 具 的 關 於 不 減 持 本 公 司 股 份 的 承 諾。鑒 於該等股東所持的本公司H股 及 未 上 市 股 份（「所持股份」）之 原 限 售 期（「原限售 期」）屆 滿，該 等 股 東 向 本 公 司 出 具 關 於 自 願 延 長 限 售 期 的 承 諾 函（「承諾函」）。 根 據 中 國 公 司 法 等 適 用 法 規 要 求，該 等 股 東 所 持 股 份 的 原 限 售 期 自 本 公 司 上 市日期起12個 月，於2025年12月27日 屆 滿。 截至本公告日期，本公司大股東、執行董事劉國清、楊廣、周翔、王啟程根據承諾 函所涵蓋的股份合共持有77,488,710股，約佔本公司全部已發行股份的18.4164%； 個 人 股 東 閆 勝 業、吳 建 鑫 分 別 持 有5,993,470股 及4,195,615股，分 別 約 佔 本 公 司 全 部已發行股份的1.4244%及0.9972%。 – 1 – 香港交易及結算所有限公司及 ...

Market Overview - The Hong Kong stock market opened high but closed lower, with the Hang Seng Index down 0.71% to 25,635.23 points and a total turnover of HKD 224.51 billion [1] - The Hang Seng Tech Index fell 0.3% to 5,483.01 points, while the Hang Seng China Enterprises Index decreased by 0.26% to 8,891.71 points [1] Consensus and Divergences - Huatai Securities noted two main consensus points: 1. The logic of the bulk commodity sector is solid, leading to a rapid revaluation 2. Weak recovery in domestic demand suggests a left-side allocation in the consumer sector [1] Blue Chip Performance - BYD Company (01211) led blue-chip stocks, rising 3.74% to HKD 97.1, contributing 20.66 points to the Hang Seng Index [2] - Other notable blue-chip performances included Geely Automobile (00175) up 3.43% and Industrial and Commercial Bank of China (01398) up 1.63% [2] Sector Highlights - The automotive sector saw most stocks rise, with NIO-SW (09866) up 4.89% and Xpeng Motors-W (09868) up 3.88% [3] - The robotics sector showed strong performance, with MicroPort Robotics-B (02252) surging 25.85% and UBTECH (09880) rising 9.13% [4] Individual Company News - UBTECH plans to acquire Fenglong Co. for HKD 1.665 billion, focusing on garden machinery and automotive components [5] - MicroPort Robotics reported over 230 cumulative orders for its surgical robots, with over 160 orders for its bronchoscopic surgical robot "Dudao" [5] Gold Sector Performance - Gold stocks generally retreated, with Zijin Mining International (02259) down 5.86% and Chifeng Jilong Gold Mining (06693) down 5.4% [5] - The gold market experienced volatility, with spot gold prices dropping below USD 4,450 per ounce [6] Power Sector Performance - Power stocks faced pressure, with Huaneng International (00902) down 6.48% and Datang International Power Generation (00991) down 4.7% [6] - The announcement of long-term electricity prices in Guangdong indicated a decline, with a 19.72 cents per kilowatt-hour drop [6] Notable Stock Movements - Junda Co. (02865) surged 21.65% following a strategic partnership announcement in the space energy sector [7] - Youjia Innovation (02431) rose 15.45% as the first batch of L3 autonomous vehicles began large-scale operation [8] - Goldwind Technology (02208) increased by 13.7% after the release of new listing standards for commercial rocket companies [9] - Jiantao Laminates (01888) rose 6.81% due to a price increase announcement amid rising copper prices [10] - MGM China (02282) fell 17.14% after a report indicated a significant increase in brand usage fees starting in 2026 [11]

Group 1 - The core viewpoint of the article highlights that Youjia Innovation (02431) has seen a significant stock price increase, rising nearly 16% in early trading, attributed to its inclusion in the newly launched Hang Seng Hong Kong Stock Connect Electronic Theme Index [1] - Youjia Innovation is recognized as a leading supplier of intelligent driving and smart cockpit solutions, which has contributed to its selection as a constituent stock of the new index [1] - The company's shareholder lock-up period expired on December 27, allowing for the release of 220 million shares, which represents 51% of the total share capital, excluding shares held by concert parties and employee share plans [1] Group 2 - The domestic market has begun large-scale operation of the first batch of L3 autonomous vehicles, indicating a growing demand and acceptance for unmanned logistics vehicles, which Youjia Innovation is optimistic about [1] - The company plans to continue iterating its technology and expanding application boundaries, aiming to collaborate with more ecosystem partners to promote the deep integration of autonomous driving technology [1]

Core Viewpoint - The smart driving concept stocks have seen a significant rise, driven by the introduction of L3-level autonomous driving vehicles in Chongqing, marking a milestone in the development of intelligent connected vehicles in China [1]. Group 1: Stock Performance - Youjia Innovation (02431) increased by 8.89%, reaching HKD 13.6 [1] - Zhejiang Shibao (01057) rose by 6.97%, trading at HKD 5.22 [1] - Tudatong (02665) saw a gain of 1.98%, priced at HKD 10.82 [1] Group 2: Industry Developments - On December 26, the first batch of 46 L3-level autonomous driving vehicles, equipped with the L3 autonomous driving system from Changan Deep Blue, was officially launched for road use in Chongqing [1] - The approved routes for these vehicles include major roads such as the inner ring expressway and Yudu Avenue in Chongqing [1] Group 3: Regulatory and Market Insights - According to Xinda Securities, the regulatory framework for intelligent connected vehicles in China is continuously improving, leading to a more standardized industry development environment [1] - Domestic brands are accelerating the research and development of smart driving technologies, with the penetration rate of L2-level and above advanced driving assistance systems increasing rapidly [1] - The market for Robotaxi is projected to reach a scale of RMB 270 billion by 2030 [1]

每经AI快讯，佑驾创新(02431.HK)早盘涨近16%，截至发稿，涨14.49%，报14.3港元，成交额1.34亿港 元。 ...