Core Viewpoint - Youjia Innovation (02431) has seen a significant stock increase of over 8% following the announcement of winning a bid for a key project in the autonomous driving sector, indicating strong market confidence in the company's growth potential in smart city and intelligent transportation fields [1] Group 1: Project Announcement - On October 19, Youjia Innovation announced that it has officially received a bid notification confirming its status as the winning bidder for the Tongxiang City Vehicle-Road Cloud Integration Urban Traffic Perception Project, specifically for the 2025 autonomous bus procurement project, with a bid amount of RMB 11.85 million [1] - This project marks a critical breakthrough for the company in the commercialization process of L4-level autonomous driving, further solidifying its leading position in the smart city and intelligent transportation sectors [1] Group 2: Financial Performance - According to the 2025 semi-annual performance report, Youjia Innovation's L4 business revenue has surpassed RMB 10 million, with over ten projects secured, indicating that the company has entered a fast track of scaled and commercial development [1] - The Tongxiang project is expected to drive the company's L4 business revenue to new heights [1] Group 3: Future Outlook - The company plans to continue increasing its investment in core technology research and development for L4-level autonomous driving, aiming to leverage technological iterations and scenario expansions to unlock new growth opportunities [1]

Core Insights - The company has won a bid for the Tongxiang City Vehicle-Road Cloud Integrated Urban Traffic Perception Project, marking a significant breakthrough in the commercialization of L4 autonomous driving buses with a contract value of RMB 11.85 million [1] - This project enhances the company's leading position in smart city and intelligent transportation sectors, leveraging existing holographic digital road infrastructure to improve safety and reduce hardware costs [1] - The project is expected to serve as a benchmark for similar initiatives, promoting a scalable model for intelligent transportation in county-level areas [1] Financial Performance - In the first half of 2025, the company's revenue from the autonomous minibus business exceeded RMB 10 million, with over ten projects secured [2] - The Tongxiang project is anticipated to further drive the scale development of the company's L4 autonomous driving business, contributing to record revenue growth [2] Strategic Focus - The company is actively expanding its self-developed L1–L4 full-stack intelligent driving capabilities, focusing on smart mobility, logistics, and urban services [2] - The strategy emphasizes customer-centricity, scenario focus, product iteration, and boundary expansion, with increased investment in L4 and related technology research and development [2]

Core Insights - The company has officially received a bid notification confirming its status as the winning bidder for the Tongxiang City Vehicle-Road Cloud Integrated Urban Traffic Perception Project, with a bid amount of RMB 11.85 million, marking a significant breakthrough in the commercialization of L4 autonomous driving [1] - The project will leverage the company's vehicle-road cloud integration technology to enhance the operational efficiency of autonomous buses, addressing visibility blind spots at intersections and significantly reducing hardware costs [1] - The project is expected to serve as a benchmark for similar initiatives, promoting a replicable model for county-level smart transportation construction and aiding Tongxiang's transformation from a pilot city to an industrial hub [1] Financial Performance - In the first half of 2025, the company's revenue from the autonomous minibus business has exceeded RMB 10 million, with over ten projects secured [2] - The Tongxiang project is anticipated to further drive the scale development of the company's L4 autonomous driving business, contributing to record revenue growth [2] Strategic Focus - The company is actively expanding its self-research capabilities across L1 to L4 levels, emphasizing smart mobility, smart logistics, and smart city services [2] - The company adheres to a strategy focused on customer needs, scenario-based solutions, product iteration, and boundary expansion, while increasing investment in L4 and related technology research and development [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。 自願性公告 有關中標桐鄉無人車項目 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 集 團 近 日 正 式 收 到 中 標 通 知 書，確 認 成 為 桐 鄉 市 車 路 雲 一 體 化 城 市 交 通 融 合 感 知 項 目（2025年自動駕駛公交車採購項 目）的 中 標 單 位，中 標 金 額 達 人 民 幣1,185萬 元（「桐鄉無人車項目」）。該 項 目 標 誌 著本公司在L4級 自 動 駕 駛 商 業 化 進 程 中 取 得 關 鍵 突 破，進 一 步 鞏 固 本 集 團 在 智 慧 城 市 與 智 能 交 通 領 域 的 領 先 地 位。 桐 鄉 無 人 車 項 目 中，本 集 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 備註： 致：香港交易及結算所有限公司 公司名稱: 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） 呈交日期: 2025年10月8日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02431 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 317,169,508 | RMB | | 1 | RMB | | 317,169,508 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 317,169,508 | RMB | | 1 | RMB | ...

Group 1 - The core viewpoint is that Youjia Innovation (02431) has made significant breakthroughs in its L4 autonomous vehicle business by launching two unmanned logistics vehicle products, T5 and T8, expanding its operations from passenger transport to cargo scenarios [1][2] - The newly launched unmanned logistics brand "Xiaozhu Unmanned Vehicle" includes T5 and T8, which feature 100% automotive-grade core components and a multi-sensor fusion approach, enabling 360° blind-spot-free vision and precise road condition recognition [2] - T5 has a cargo space of 5.5m, a maximum load of 1000kg, and a range of 180km, while T8 offers a volume of 8.5m, a maximum load of 1700kg, and a range of 240km, catering to various logistics needs [2] Group 2 - The company plans to deliver 10,000 unmanned logistics vehicles by 2026, utilizing direct sales, leasing, and customized solutions to meet diverse customer demands in key cities such as Shenzhen, Chengdu, Xi'an, and Jiangyin [3] - A new national standard for intelligent connected vehicles was proposed, which clarifies technical requirements and testing specifications for L2 systems, potentially benefiting Youjia Innovation by increasing order opportunities as a smart driving solution provider [4]

Core Viewpoint - Youjia Innovation has made significant advancements in its L4 autonomous vehicle business by launching two unmanned logistics vehicle products, T5 and T8, expanding its operations from passenger transport to cargo transport [1][2]. Group 1: Product Launch - Youjia Innovation has officially launched its unmanned logistics brand "Xiaozhu Unmanned Vehicle" along with two products, T5 and T8, marking its entry into the unmanned logistics sector [1]. - The T5 vehicle features a cargo space of 5.5m³, a maximum load of 1000kg, and a range of 180km, targeting segments such as express delivery, retail, and fresh food distribution [1]. - The T8 vehicle offers a volume of 8.5m³, a maximum load of 1700kg, and a range of 240km, suitable for urban distribution and industrial logistics, including specialized applications in mining and ports [1]. Group 2: Delivery Expectations - The Xiaozhu unmanned vehicles will be offered through direct sales, leasing, and customized solutions to meet diverse customer needs [2]. - It is anticipated that 10,000 units of unmanned logistics vehicles will be delivered in 2026, with large-scale operations planned in key cities such as Shenzhen, Chengdu, Xi'an, and Jiangyin [2]. Group 3: Regulatory Environment - The Ministry of Industry and Information Technology has released a draft for mandatory national standards on intelligent connected vehicles, which will clarify technical requirements and testing specifications for L2 systems [3]. - This new standard aims to curb industry chaos, delineate the boundaries between assisted driving and autonomous driving, and encourage companies to increase R&D investment, thereby enhancing industry safety standards [3]. - As a provider of intelligent driving solutions, Youjia Innovation is expected to receive more orders due to the positive impact of these regulations [3].

Core Viewpoint - Youjia Innovation (02431) has officially launched its unmanned logistics brand "Xiaozhu Unmanned Vehicle" and introduced two unmanned logistics vehicle products, T5 and T8, marking its entry into the unmanned logistics sector [1] Group 1: Company Developments - Youjia Innovation's stock rose over 7% in the afternoon, with a current price of 28.74 HKD and a trading volume of 95.68 million HKD [1] - The company has achieved a significant breakthrough in its L4 unmanned vehicle business, transitioning from unmanned buses to unmanned logistics vehicles, thereby replicating autonomous driving technology from passenger scenarios to cargo scenarios [1] - The first batch of unmanned vehicles has been delivered to partners, with key cities for the initial rollout including Shenzhen, Chengdu, Xi'an, and Jiangyin [1] Group 2: Market Outlook - The company anticipates that the delivery volume next year could ramp up to "thousands or even 10,000 units" [1] - Guoyuan International has maintained a target price of 31.4 HKD for Youjia Innovation and has given a "Buy" rating [1] - The Ministry of Industry and Information Technology has released a draft for mandatory national standards on intelligent connected vehicles, which is expected to lead to more orders for Youjia Innovation as a smart driving solution provider [1]

Group 1 - The core viewpoint of the article highlights that Youjia Innovation (02431) has officially launched its unmanned logistics brand "Xiaozhu Unmanned Vehicle" and introduced two unmanned logistics vehicle products, T5 and T8, marking its entry into the unmanned logistics sector [1] - The company has reported a significant stock price increase, with shares rising over 7% and currently trading at 28.74 HKD, with a transaction volume of 95.68 million HKD [1] - Youjia Innovation has announced the delivery of its first batch of unmanned vehicles to partners, achieving "release and delivery" simultaneously, with key cities for initial deployment including Shenzhen, Chengdu, Xi'an, and Jiangyin [1] Group 2 - The company anticipates that the delivery volume for next year could ramp up to "thousands or even 10,000 units" [1] - According to a report from Guoyuan International, Youjia Innovation's L4 unmanned vehicle business has made significant breakthroughs, expanding from unmanned buses to unmanned logistics vehicles, thereby replicating autonomous driving technology from passenger scenarios to cargo scenarios [1] - The Ministry of Industry and Information Technology has released a draft for mandatory national standards on intelligent connected vehicles, which is expected to lead to more orders for Youjia Innovation as a smart driving solution provider [1] - Guoyuan International maintains a target price of 31.4 HKD for Youjia Innovation and has given a "buy" rating [1]

Core Insights - The penetration rate of passenger cars equipped with combined driving assistance systems in China reached 62.6% from January to July 2025, an increase of 5.7 million units and 40 percentage points compared to the same period in 2021 [1] - The current market primarily features L2 level systems, which assist with basic driving tasks but do not provide full autonomous driving capabilities, leaving the driver responsible [1] - The development of intelligent driving in China is accelerating due to policy support, with significant regulations and standards being established to enhance safety and performance in the industry [1][2] Industry Developments - The introduction of national standards for L2 level driving assistance is expected to provide regulatory support and drive innovation within the intelligent driving industry, benefiting the entire supply chain [2] - Major automotive manufacturers are shifting from fully self-developed solutions to strategic collaborations with technology providers, enhancing the integration of AI capabilities and increasing the penetration of intelligent driving technologies [2] - Domestic suppliers of components such as lidar, cameras, and radar are strengthening their influence in the industry and moving towards integrated hardware and software solutions [2] Relevant Companies - Black Sesame Intelligence (02533) is positioned to benefit from the commercialization of L2+ technology and advancements in L3 and L4 scenarios, having launched high-performance intelligent driving chips [3] - Horizon Robotics (09660) has achieved significant production milestones with its HSD chip series and is establishing international partnerships, aiming to expand its intelligent driving solutions globally [3] - Suoteng Juchuang (02498) has successfully mass-produced high-line count lidar products, which are now featured in new intelligent SUV models [3] - Youjia Innovation (02431) has entered the unmanned logistics sector with its "Xiaozhu" brand, showcasing its commitment to advancing high-level autonomous driving commercialization [4]