Core Viewpoint - 康成亨国际 has voluntarily extended its commitment to hold shares in 佑驾创新, allowing for a potential reduction of up to 9.33 million H-shares, which represents 30% of the total H-shares held, reflecting confidence in the company's long-term prospects [1] Summary by Relevant Sections - **Shareholding Commitment** 康成亨国际 will reduce its holdings by no more than 9.33 million H-shares within 9 months after the original lock-up period ends, specifically until March 27, 2026, which accounts for approximately 2.29% of the total shares issued by the company [1] - **Rationale for Modification** The modification of the commitment is driven by 康成亨国际's own funding needs, yet it reaffirms its long-term positive outlook and strong recognition of the company's capabilities and industry prospects [1] - **Impact on Company Development** The company views the modified commitment as a demonstration of shareholder confidence, which is beneficial for its continuous, stable, and healthy development, particularly in enhancing share liquidity [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 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 Minieye Technology Co., Ltd （於中華人民共和國註冊成立的股份有限公司） 深圳佑駕創新科技股份有限公司 據 該 公 告，康 成 亨 國 際 簽 訂 的 基 石 投 資 協 議 下 的 限 售 承 諾（「原限售期」）已 於 2025年6月27日 屆 滿，且 康 成 亨 國 際 於2025年6月25日 向 本 公 司 出 具 承 諾 函，對 其持有公司的相關H股 自 願 延 長 限 售 承 諾。 於2025年8月26日，本 公 司 收 到 康 成 亨 國 際 向 本 公 司 出 具 的 修 改 後 的 自 願 延 長 承 諾 函（「修改承諾函」）。基 於 其 對 本 集 團 技 術 實 力、業 務 能 力、團 隊 精 神 的 高 度 認 可 及 本 集 團 所 在 行 業 前 景 的 長 期 看 好，根 據 修 改 承 諾 函 ...

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Insights - The company achieved a revenue of 346 million RMB in the first half of 2025, representing a year-on-year growth of 46.1% [1] - The gross profit reached 52 million RMB, with a gross margin of 15%, reflecting a 0.9 percentage point increase year-on-year [1] - The company reported a loss of 162 million RMB, which is an increase from the loss of 112 million RMB in the same period last year, primarily due to increased investments in advanced driver assistance and L4 autonomous driving technologies, with R&D expenditures rising by 50.2% year-on-year [1] Summary by Sections Intelligent Driving Solutions - Revenue from intelligent driving solutions was 241 million RMB, a year-on-year increase of 32.4%, accounting for 69.8% of total revenue [2] - The company is expected to benefit from the implementation of industry standards, with a significant increase in the number of projects for L2+ business [2] - The L4 business has made key commercial breakthroughs, including the launch of unmanned buses and logistics vehicles, with over 10 unmanned bus projects secured [2] Smart Cockpit Business - Revenue from smart cockpit solutions reached 61 million RMB, showing a remarkable year-on-year growth of 99.0%, and accounting for 17.6% of total revenue [3] - The company’s DMS (Driver Monitoring System) has achieved the highest level of ASPICE certification, which is expected to drive demand due to new regulations [3] Financial Forecast - Revenue projections for 2025-2027 are 1.01 billion RMB, 1.48 billion RMB, and 2.01 billion RMB, with growth rates of 54%, 47%, and 36% respectively [4] - The company is expected to continue benefiting from the ongoing trend of automotive intelligence and the increasing demand for high-performance SoCs in domain controllers [4]

本人╱吾等 （附註1） Minieye Technology Co., Ltd 深圳佑駕創新科技股份有限公司 地址為 （附註2） 為深圳佑駕創新科技股份有限公司（「本公司」）股本中每股面值人民幣1.00元的未上市股份╱H股 股 的登記持有人 （附註3） ，茲委任大會主席 （附註4及5） 或 （姓名） 地址為 （地址） 為本人╱吾等的受委代表，代表本人╱吾等出席本公司謹訂於2025年9月11日（星期四）上午十時正假座中國廣東省深圳市福田區沙頭街 道上沙社區濱河大道9285號中洲濱海商業中心二期1棟A座25層舉行的2025年第三次臨時股東會（「臨時股東會」）及其任何續會，並於會 上投票，以及行使法律法規及本公司組織章程細則賦予受委代表的所有權利。除另有界定者外，本代表委任表格所用詞彙與本公司日 （於中華人民共和國註冊成立的股份有限公司） （股份代號： 2431） 期為2025年8月25日的通函（「通函」）所界定者具有相同涵義。 將於2025年9月11日（星期四）舉行的2025年 第三次臨時股東會及其任何續會適用的代表委任表格 本人╱吾等希望本人╱吾等的受委代表按以下指示就將於臨時股東會上提呈的決議案投票。 | | ...

香港交易及結算所有限公司、香港聯合交易所有限公司及香港中央結算有限公司對本通告的內容 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通告全部或任何部分 內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Minieye Technology Co., Ltd 深圳佑駕創新科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號： 2431） 臨時股東會通告 茲通告深圳佑駕創新科技股份有限公司（「本公司」）謹訂於2025年9月11日（星期四）上午十 時正假座中國廣東省深圳市福田區沙頭街道上沙社區濱河大道9285號中洲濱海商業中心二期1棟 A座25層召開及舉行2025年第三次臨時股東會（「臨時股東會」），藉以審議及酌情批准以下決議 案。除本通告另有界定者外，本通告所用詞彙與本公司日期為2025年8月25日的通函（「通函」）所 界定者具有相同涵義。 普通決議案 1. 審議及批准建議進行外匯衍生工具交易及對董事長的相關授權。 承董事會命 深圳佑駕創新科技股份有限公司 董事長、執行董事兼總經理 劉國清 中國深圳，2025年8月25日 於本通告日期，董事會由：(i)執行董事劉國清 ...

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通函的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不就因本通函的全部或任何部分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。 此乃要件 請即處理 閣下如對本通函任何方面或 閣下應採取的行動有任何疑問，應諮詢 閣下的股票經紀或其他註冊證 券交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有深圳佑駕創新科技股份有限公司的股份，應立即將本通函及隨附代表委 任表格送交買主或承讓人，或經手買賣或轉讓的銀行、股票經紀或其他代理商，以便轉交買主或承讓 人。 Minieye Technology Co., Ltd 深圳佑駕創新科技股份有限公司 （股份代號： 2431） （於中華人民共和國註冊成立的股份有限公司） 建議進行外匯衍生工具交易 及 2025年第三次臨時股東會通告 本封面所用詞彙與本通函「釋義」一節所界定者具有相同涵義。 董事會函件載於本通函第3至6頁。 本公司謹訂於2025年9月11日（星期四）上午十時正假座中國廣東省深圳市福田區沙頭街道上沙社區 濱河大道9285號中洲濱海商業中心二期1棟A座25層舉行 ...

Core Insights - The article highlights the successful growth strategies of companies like Xiaomi and Youjia Innovation, emphasizing their ability to diversify and innovate to navigate competitive landscapes [1][2][8] Company Growth and Financial Performance - Youjia Innovation reported a revenue of 346 million RMB in the first half of 2025, marking a 46.1% year-on-year increase, with a gross profit of 52 million RMB and a gross margin of 15%, up by 0.9 percentage points [3][4] - The company's core business segments, including intelligent driving solutions and intelligent cockpit solutions, achieved revenues of 241 million RMB and 61 million RMB, respectively, with year-on-year growth rates of 32.4% and 99% [3][4] - The L4 autonomous driving segment, represented by the iRobo solution, generated over 10 million RMB in revenue within six months, indicating significant commercial progress [5][10] Strategic Development and Market Position - Youjia Innovation has adopted a flexible strategy, expanding into intelligent cockpit and vehicle-road collaboration markets, which has led to a synergistic growth model similar to Xiaomi's [9][10] - The company has successfully entered international markets, with its solutions being adopted by various OEMs for export models, targeting regions such as the EU, Australia, and Mexico [6][7] Innovation and R&D Focus - Youjia Innovation increased its R&D expenditure by over 50% in the first half of the year, reflecting its commitment to advancing high-level assisted driving and L4 autonomous driving technologies [9][10] - The launch of new products, such as the iPilot 4 Plus and iPilot 4 Pro, has driven strong demand and project acquisition, showcasing the company's innovative capabilities [4][5] Future Growth Potential - The company is expected to accelerate growth in its L4 autonomous driving segment, with logistics vehicles nearing commercialization and anticipated deliveries in the fourth quarter of this year [10] - Analysts project that Youjia Innovation will significantly reduce losses in the coming year and achieve profitability by 2027, supported by a low debt ratio and sufficient cash reserves [10]

Core Insights - The article highlights the successful growth strategies of companies like Xiaomi and Youjia Innovation, emphasizing their ability to diversify and innovate to navigate competitive landscapes [1][2][8] - Youjia Innovation's recent financial performance indicates a strong revenue growth and the establishment of new business segments, particularly in intelligent driving and smart cockpit solutions [3][10] Financial Performance - In the first half of 2025, Youjia Innovation reported revenues of 346 million RMB, a 46.1% increase year-on-year, with a gross profit of 52 million RMB and a gross margin of 15% [3][4] - The intelligent driving solutions segment generated 241 million RMB, accounting for 69.8% of total revenue, while the smart cockpit solutions segment saw a remarkable 99% growth, reaching 61 million RMB [4][5] Business Segments - Youjia's core business segments include intelligent driving solutions, smart cockpit solutions, and vehicle-road collaboration, with significant revenue increases across all areas [3][4] - The L4 autonomous driving solutions, particularly the iRobo solution, have begun to commercialize, contributing over 10 million RMB in revenue within six months [5][10] Strategic Development - The company has adopted a flexible strategy, allowing it to pivot into new markets such as smart cockpits and vehicle-road collaboration, mirroring Xiaomi's approach [9][10] - Youjia Innovation's R&D expenses increased by over 50% in the first half of the year, indicating a strong commitment to innovation and development in high-end driving assistance and L4 autonomous driving technologies [9][10] Market Expansion - Youjia Innovation has successfully entered international markets, with its solutions being adopted by various OEMs for export models targeting regions like the EU, Australia, and Mexico [6][7] - The company has secured 18 new project contracts in the first half of the year, bringing the total to 42 OEMs for product delivery [7][10] Future Outlook - Analysts are optimistic about Youjia Innovation's potential to significantly reduce losses in the coming year and achieve profitability by 2027, supported by a low debt ratio and sufficient cash reserves [10]

Group 1: Financial Performance - The company reported a revenue of 346 million, representing a year-on-year increase of 46.07% [1] - The loss attributable to shareholders was 152 million, an increase of 40.16% year-on-year, with a loss per share of 0.38 [1] Group 2: Product Development - The company has been iterating its intelligent driving solutions, enhancing its product matrix [1] - In February 2025, the company launched the iPilot4Plus intelligent driving solution, which integrates multiple sensors and is designed for various driving scenarios [1] - In June 2025, the company introduced the iPilot4Pro solution, featuring higher computing power and improved performance in complex scenarios and extreme weather conditions [1] Group 3: Business Expansion - The company is building a progressive intelligent driving business from L0 to L4 levels, achieving significant progress in L4 autonomous driving with the iRobo project [2] - The L4 autonomous minibus business has successfully commercialized in Suzhou, marking a milestone for market validation [2] - The company has expanded its unmanned minibus operations to multiple cities, securing over 10 projects [2] Group 4: Market Opportunities - The company is capitalizing on new market opportunities in unmanned logistics and cargo scenarios, driven by supportive government policies and industry capital influx [2] - Recent regulations, such as the "Guangzhou Intelligent Connected Vehicle Innovation Development Regulations" and "Beijing Autonomous Driving Vehicle Regulations," provide clear compliance guidelines for the autonomous driving industry [2]

Core Viewpoint - The company demonstrates strong growth in revenue and profit, with significant advancements in its L4 autonomous driving business and international expansion efforts [2][4][21]. Financial Performance - Total revenue reached 3.46 billion RMB, reflecting a year-on-year increase of 46% [4]. - Gross profit increased by 54.8%, amounting to 0.52 billion RMB, with a gross margin of 15.0% [2][6]. - The asset-liability ratio stands at a low level of 35.7% [4]. Business Segments - The intelligent driving solutions segment generated revenue of 2.41 billion RMB, up 32.4% year-on-year [10]. - The intelligent cockpit solutions segment saw revenue of 0.61 billion RMB, marking a substantial growth of 99.0% [10]. - The vehicle-road collaboration segment reported revenue of 0.39 billion RMB, with a year-on-year increase of 63.4% [10]. Product Development - The company launched the iPilot 4 Plus and iPilot 4 Pro advanced driving solutions, achieving mass production for 42 automotive manufacturers [13]. - The iRobo solution generated over 10 million RMB in revenue in the first half of the year, contributing significantly to the L4 business [21]. - A new intelligent cockpit model, BamBam, and an integrated DMS machine, iCabin Lite, were introduced [15]. International Expansion - The company has successfully integrated its solutions into various export models, targeting markets in the EU, Australia, and Mexico [22]. - A subsidiary was established in Singapore to enhance international operations [24]. - Collaborations with international Tier 1 suppliers have been initiated to penetrate the global automotive supply chain [23].