4.各方同意进行规模化部署，通过整合制造体系与运营资源，实现无人物流车在多场景的批量落地，提 升物流效率与成本效益。 格隆汇2月23日丨佑驾创新(02431.HK)公告，公司近期与地上铁绿色科技(深圳)股份有限公司("地上铁") 及深圳壁虎新能源汽车科技有限公司("壁虎科技")正式达成战略合作协定("合作协定")。三方将以市场需 求为导向，充分整合各自在运营管理、研发制造、L4自动驾驶技术等领域的核心能力，建立全面战略 合作伙伴关系，共同完成3,000台符合车规级标准、具备市场竞争力的无人物流车的设计、生产与交 付，以形成规模效应，弥补市场空缺，全力抢占市场份额，树立行业领先的产品与品牌地位。 根据合作协定，三方将以"优势互补、协同发展、共创共赢"为宗旨，聚焦无人物流车的研发、制造与商 业化应用。合作将围绕以下方向推进： 1.集团将负责满足国家及行业车规级认证标准，契合本专案产品的核心技术指标，确保无人物流车产品 在园区、城市配送等复杂物流场景下具备精准环境感知、稳定路径决策及高效执行控制能力；牵头完成 智慧驾驶系统与底盘系统的集成匹配、软体调试及系统优化工作，组织全场景联合测试，确保以整车形 式向地上铁交付 ...

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 （股份代號： 2431） 自願性公告 簽署無人物流領域戰略合作協議 本 公 告 乃 由 深 圳 佑 駕 創 新 科 技 股 份 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱 「本集團」）自 願 刊 發。 本 公 司 董 事 會（「董事會」）欣 然 宣 佈，本 公 司 近 期 與 地 上 鐵 綠 色 科 技（深 圳）股 份 有 限 公 司（「地上鐵」）及 深 圳 壁 虎 新 能 源 汽 車 科 技 有 限 公 司（「壁虎科技」）正 式 達 成 戰 略 合 作 協 定（「合作協定」）。三 方 將 以 市 場 需 求 為 導 向，充 分 整 合 各 自 在 運 營 管 理、研 發 製 造、L4自 動 駕 駛 ...

订单与交付目标明确：公司旗下"小竹无人车"品牌自2025年9月发布后，累计订单量已超千台，并计划 在2026年交付1万台无人物流车，覆盖深圳、成都、西安等重点城市。管理层透露，已签署中东地区 1000台订单，预计全年无人物流业务营收可达4-5亿元。 经济观察网 佑驾创新（02431.HK）股价在2026年2月20日出现显著上涨，单日涨幅达9.56%，收盘报 14.79港元。根据公开信息，上涨主要受以下因素驱动： 公司项目推进 技术复用与成本优势：公司利用乘用车前装量产积累的传感器模组和算法能力（如3颗激光雷达+11颗 摄像头方案），使无人物流车核心零部件采购成本较行业新进入者低约23%，形成降本增效的差异化竞 争力。 股价异动原因 行业拐点预期：无人物流车市场渗透率不足2%，但存量城配车辆达3000万辆，机构认为技术复用和运 营效率提升可能加速行业商业化拐点到来。 股价情况 突破关键均线：2月20日股价突破10日均线（13.478港元），MACD柱状线转正至0.067，显示短期动能 增强。 板块情绪回暖：尽管恒生指数当日下跌1.10%，但公司所属的数码解决方案服务板块微涨0.31%，部分 资金流向细分领域龙头 ...

Group 1 - The Ministry of Industry and Information Technology has announced the development of five mandatory national standards for intelligent connected vehicles, marking a significant policy boost for the industry [1] - The draft standards aim to establish a new phase of "safe, compliant, and orderly development" for the intelligent driving industry in China, providing a solid foundation for the regulation of advanced autonomous driving [1] - The draft clarifies key terms and definitions related to autonomous driving systems, detailing technical requirements and safety standards, particularly for critical aspects such as task handover and testing environments [1] Group 2 - Youjia Innovation has developed comprehensive intelligent driving technology capabilities from L1 to L4, continuously improving its product matrix and launching the iPilot 4 series of mid-to-high-level intelligent driving solutions [2] - The company’s products are capable of meeting the technical requirements outlined in the new standards, particularly for L3 additional requirements, and have successfully implemented scenarios in various cities [2] - Youjia Innovation's DMS (Driver Monitoring System) solutions align with the new standards, ensuring seamless interaction with autonomous driving systems by monitoring driver readiness [2][3] Group 3 - Since 2019, Youjia Innovation has built a strong advantage in DMS technology development and production, becoming one of the first suppliers to help manufacturers obtain EU safety certifications [3] - The company is among the few in the industry to advance both L2 and L4 technologies while achieving deep collaboration in cockpit solutions, positioning itself to leverage policy benefits for market expansion [3] - The advancement of these policies represents a significant opportunity for Youjia Innovation to enhance its core value and gain a first-mover advantage in the evolving regulatory landscape [3]

Market Overview - The market performance is generally poor before major holidays due to concerns about potential issues during the break, with the Hang Seng Index dropping by 1.72% [1] - The U.S. non-farm payroll data exceeded expectations, causing the probability of a Fed rate cut in March to plummet from 20% to 8%, which could negatively impact the stock market if the upcoming CPI data is also unfavorable [1] - The Nasdaq experienced a significant drop of over 2% due to AI-related fears, leading to a chain reaction where investors sold gold to cover margin calls, despite no fundamental deterioration in gold [1] AI and Technology Sector - The subscription service GLM Coding Plan by Zhihui (02513) announced a price increase due to strong market demand, with user growth and usage volume rapidly increasing [2] - Zhihui's GLM-5 model ranks first in three major agent evaluation benchmarks, and its coding capabilities are approaching those of Claude Opus 4.5, indicating a strong competitive position [2] - MiniMax+ (00100) also saw a rise of over 15%, both companies reaching historical highs, with expectations of foreign capital focusing on driving up stock prices after the Spring Festival [2] Automotive Industry - The Ministry of Industry and Information Technology is soliciting opinions on mandatory national standards for intelligent connected vehicles, which will replace the previous recommended standards [3] - The new standards will introduce safety guarantees and certification systems, establishing product access conditions and detailing technical indicators and simulation testing requirements [3] - Companies in the intelligent driving sector, such as Nari Technology (01316) and Zhejiang Shibao (01057), experienced stock price increases following the announcement [3] Robotics Sector - MicroPort Robotics-B (02252) reported that its core product, the Tumi laparoscopic surgical robot, has surpassed 200 global commercial orders, with successful surgeries conducted in nearly 10 countries [4] - The company has achieved a 100% success rate in nearly 800 remote surgeries, leading to a stock price increase of over 11% [4] - Other companies in the robotics field, such as Yujia Technology (02515) and UBTECH (09880), also saw stock price increases following MicroPort's announcement [4] Metals Sector - Reports indicate that Trump is considering reducing tariffs on aluminum products, which could provide opportunities for the aluminum sector during the adjustment period [5] - The aluminum sector experienced a notable drop, but the current aluminum premium in the U.S. indicates that tariff costs are primarily borne by American consumers rather than foreign producers [6] - Potential tariff reductions could positively impact U.S. aluminum demand, suggesting a neutral to slightly bullish outlook for the aluminum sector [6] Consumer Sector - China Duty Free Group (01880) reported strong sales data following the opening of Hainan's duty-free market, with sales reaching 1.106 billion yuan during the Spring Festival [7] - The company is set to implement zero-tariff policies for daily consumer goods and has planned multiple promotional activities to boost sales [7] - A significant acquisition of DFS in the Greater China region and strategic investment from LVMH is expected to enhance the company's market position and resource access [7]

Group 1 - The Ministry of Industry and Information Technology has announced the development of five mandatory national standards for intelligent connected vehicles, marking a new phase of "safe compliance and orderly development" for the autonomous driving industry in China [1] - The draft standards clarify key terms and definitions related to autonomous driving systems, detailing technical requirements and safety standards, particularly for critical aspects such as task handover, testing environments, and perception systems [1] - These requirements establish a safety baseline for high-level autonomous driving and provide a clear pathway for companies in the industry to develop technologies and products [1] Group 2 - Youjia Innovation has built comprehensive intelligent driving capabilities from L1 to L4 and has launched the iPilot 4 series of mid-to-high-level intelligent driving solutions, successfully adapting to the technical requirements of the new standards [2] - The company’s DMS (Driver Monitoring System) solutions align with the new standards, ensuring that drivers are prepared to take over driving tasks when required, thus facilitating seamless interaction with autonomous driving systems [2] - Since 2019, Youjia Innovation has developed a strong advantage in DMS technology, becoming one of the first suppliers to help vehicle manufacturers obtain EU safety certifications and achieve high safety ratings [3]

Group 1 - Several smart driving concept stocks experienced a rise in early trading, with Zhejiang Shibao (01057) increasing by 9.20% to HKD 6.05 [1][3] - Nexperia (01316) saw a gain of 7.17%, trading at HKD 7.77 [1][3] - Youjia Innovation (02431) rose by 2.75%, reaching HKD 13.81 [1][3] - Minth Group (00425) increased by 3.21%, with a price of HKD 43.70 [1][3]

Core Viewpoint - The smart driving concept stocks have seen a rise in early trading, driven by the release of new national standards and reports on the development of intelligent connected vehicles in China [1] Group 1: Stock Performance - Zhejiang Shibao (002703) increased by 6.32%, reaching 5.89 HKD [1] - Nexperia (01316) rose by 6.21%, trading at 7.7 HKD [1] - Youjia Innovation (02431) saw a 2.6% increase, priced at 13.79 HKD [1] - Minth Group (00425) gained 1.56%, with a share price of 43 HKD [1] Group 2: Regulatory Developments - On February 13, the Ministry of Industry and Information Technology publicly solicited opinions on five mandatory national standards, including "Safety Requirements for Autonomous Driving Systems" [1] - The Shanghai Intelligent Connected Vehicle Testing and Demonstration Promotion Working Group recently released the "Shanghai Intelligent Connected Vehicle Development Report (2025)" [1] Group 3: Industry Insights - As of the end of last year, Shanghai had opened a total of 3,173 test roads, covering 5,238.82 kilometers for autonomous driving [1] - According to Xinda Securities (601059), the regulatory environment for intelligent connected vehicles in China is becoming increasingly standardized, with domestic brands accelerating the development of smart driving technology [1] - The penetration rate of smart driving technology is continuously increasing, with the Robo-X project being implemented [1] - The market size for Robotaxi is expected to reach 270 billion RMB by 2030, while the incremental output value of China's unmanned logistics vehicle industry is projected to rise to 594.8 billion RMB by 2030 [1]

Group 1 - The core viewpoint of the article highlights the positive market response to smart driving concept stocks, with notable increases in share prices for companies such as Zhejiang Shibao, Nexperia, Youjia Innovation, and Minth Group [1] - As of February 13, the Ministry of Industry and Information Technology has publicly solicited opinions on five mandatory national standards, including "Safety Requirements for Autonomous Driving Systems" [1] - The Shanghai Intelligent Connected Vehicle Testing and Demonstration Promotion Working Group has released the "Shanghai Intelligent Connected Vehicle Development Report (2025)" [1] Group 2 - By the end of last year, Shanghai had opened a total of 3,173 test roads spanning 5,238.82 kilometers for autonomous driving [1] - According to Cinda Securities, the regulatory environment for intelligent connected vehicles in China is becoming increasingly standardized, and domestic brands are accelerating the development of smart driving technologies [1] - The penetration rate of smart driving in the industry is continuously increasing, with the market size for Robotaxi expected to reach 270 billion yuan by 2030, and the incremental output value of the unmanned logistics vehicle industry projected to reach 594.8 billion yuan by 2030 [1]

Market Overview - The Hong Kong stock market showed a slight recovery with the Hang Seng Index up by 0.54% to 27,172.87 points, the Hang Seng Tech Index up by 0.84% to 5,463.17 points, and the National Enterprises Index up by 0.78% to 9,239.54 points, while the Red Chip Index fell by 0.1% to 4,391.08 points [1] Company Dynamics - Pop Mart (09992.HK) expects global sales of over 400 million units across all IP categories by 2025, with THE MONSTERS category alone projected to exceed 100 million units [2] - Youjia Innovation (02431.HK) has secured a contract with a leading domestic automotive brand to provide advanced driving assistance controllers and driver monitoring systems for several key models [2] - Ruifeng New Energy (00527.HK) signed an investment framework agreement to build the largest inference computing cluster park in North China, with a total investment of approximately RMB 24 billion [2] - Xian Dao Intelligent (00470.HK) set its H-share offering price at HKD 45.80 per share, with the adjustment rights fully exercised [3] - Hong Kong Telecom (06823.HK) reported a 5% year-on-year increase in total revenue to HKD 36.553 billion for 2025, with EBITDA rising 4% to HKD 14.234 billion, and attributable profit increasing 4% to HKD 5.286 billion, driven by stable operations and effective cost control [3] - China Nuclear International (02302.HK) issued a positive profit alert, expecting revenue for 2025 to exceed approximately HKD 2.46 billion, with gross profit expected to be at least HKD 260 million, primarily due to increased uranium trading volumes [3][6] - Mingyuan Cloud (00909.HK) anticipates a net profit of approximately HKD 26.9 million to HKD 32.8 million for 2025, representing a turnaround and growth of about 114% to 117%, attributed to improved operational efficiency [3] - Yingda Real Estate (00432.HK) reported a net loss of HKD 69 million for 2025, a 70% reduction year-on-year [4] - China Oriental Education (00667.HK) expects a 46% to 51% increase in net profit for 2025 [5] - Carrot (02549.HK) issued a profit warning, projecting a 25% to 35% decrease in profit for 2025 [7] - Xiaomi Group (01810.HK) repurchased 1.5 million shares for HKD 52.7268 million at prices between HKD 35.04 and HKD 35.24 [8] - Geely Automobile (00175.HK) repurchased 1.408 million shares for HKD 23.4587 million at prices between HKD 16.46 and HKD 16.81 [8] Institutional Insights - GF Securities noted that the Hang Seng Index has an 82% probability of rising in the three trading days before the Spring Festival, with no significant calendar effects post-holiday, indicating a potential "passive follow" increase due to stronger correlation with A-shares [9] - Everbright Securities highlighted a market environment of "moderate fundamental recovery and synchronized liquidity," recommending a "growth + value" strategy focusing on AI, non-ferrous metals, chemicals, and insurance [10] - Dongfang Caifu Securities pointed out that Hong Kong stocks are at historical low valuations (Hang Seng Index PE at only 12 times), making southbound capital attractive for bottom-fishing, with short-term sentiment boosted by this capital [10]