Group 1: Major Developments - 康耐特光学 (02276) and 歌尔光学 plan to establish a joint venture to expand the application market for customized lenses in AI/AR/VR/MR glasses [1] - 圣贝拉 (02508) and 云迹科技 signed a strategic cooperation framework agreement to explore the deep integration and application of artificial intelligence and robotics in high-demand home care scenarios [1] - KKCG Maritime intends to initiate a voluntary conditional partial public acquisition offer to acquire 15.4% of 法拉帝 (09638) shares [1] - 远大医药 (00512) announced that the new drug application for the innovative radiolabeled drug TLX591-CDx has been accepted by the China National Medical Products Administration [1] - 艾美疫苗 (06660) received approval to conduct clinical trials for a 20-valent pneumococcal polysaccharide conjugate vaccine [1] - 中国东方航空股份 (00670) sold the 凯迪克大厦 in Shanghai and related assets to 东航置业 for approximately 134 million yuan [1] - 佑驾创新 (02431) signed a memorandum of understanding with India's leading automotive parts manufacturer STL [1] - 南山铝业国际 (02610) plans to develop electrolytic aluminum and related raw materials and supporting businesses [1] Group 2: Financial Performance - 顺丰控股 (06936) reported a total revenue of 27.339 billion yuan from its express logistics, supply chain, and international businesses in December, representing a year-on-year increase of 3.41% [2] - 美丽田园医疗健康 (02373) issued a profit warning, expecting adjusted net profit for 2025 to be no less than 380 million yuan, a year-on-year increase of at least 40% [2] - 中国太平 (00966) issued a profit warning, anticipating a year-on-year increase of approximately 215% to 225% in shareholder profit for the 2025 fiscal year [2] - 吉宏股份 (02603) issued a profit warning, expecting a net profit attributable to shareholders of approximately 273 million to 291 million yuan for 2025, a year-on-year increase of 50% to 60% [2] - 兖煤澳大利亚 (03668) reported a fourth-quarter coal sales volume of 10.8 million tons, a year-on-year increase of 4% [2] - 兖矿能源 (01171) reported a fourth-quarter commodity coal production of 46.51 million tons, a year-on-year increase of 4.4% [2] - 深圳控股 (00604) projected a total contract sales amount of approximately 13.311 billion yuan for 2025, a year-on-year decrease of 21.55% [2] - 上海石油化工股份 (00338) issued a profit warning, expecting a net loss attributable to shareholders of approximately 1.289 billion to 1.576 billion yuan for 2025, indicating a shift from profit to loss [2] - 上海石油化工股份 (00338) reported gasoline sales revenue of 24.656 billion yuan for 2025 [2]

Core Viewpoint - The company has signed a memorandum of understanding with Sterling Tools Limited (STL) to advance the deployment of Advanced Driver Assistance Systems (ADAS) and Driver Monitoring Systems (DMS) in India, marking a strategic move into the Indian market and reflecting a broader overseas expansion strategy [1][2] Group 1 - The memorandum outlines key terms of cooperation between the company and STL, indicating a collaborative effort to provide comprehensive ADAS and DMS solutions for both passenger and commercial vehicles [1] - STL, established in 1979, is a leading manufacturer of high-strength cold-forged automotive fasteners in India, serving various vehicle types and focusing on precision engineering and electric vehicle components [1] - The partnership aims to integrate the company's ADAS and DMS solutions with STL's local expertise to meet the growing demand for smart driving solutions in the Indian market [2]

Core Viewpoint - The company has signed a memorandum of understanding with Sterling Tools Limited (STL) to advance the deployment of Advanced Driver Assistance Systems (ADAS) and Driver Monitoring Systems (DMS) in India, marking a strategic move into the Indian market and reflecting a broader overseas expansion strategy [1] Group 1: Partnership Details - The memorandum outlines key terms and understandings for collaboration between the company and STL [1] - The partnership aims to provide comprehensive ADAS and DMS solutions for both passenger and commercial vehicles [1] - STL, as a local automotive parts manufacturer with extensive OEM relationships and localized production capabilities, will offer local support and industry collaboration [1] Group 2: Market Implications - The collaboration is expected to integrate the strengths of both parties to deliver high-performance, localized smart driving solutions [1] - This partnership aims to meet the growing demand for ADAS and DMS solutions in the Indian market [1] - The initiative will also contribute to the widespread application of global smart mobility technologies [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。 本 公 司 董 事（「董 事」）會（「董事會」）欣 然 宣 佈，本 公 司 近 期 已 與Sterling Tools Limited （「STL」）簽 署 諒 解 備 忘 錄（「諒解備忘錄」），以 推 進 輔 助 駕 駛 系 統（「ADAS」）及 駕 駛 員 狀 態 監 測 系 統（「DMS」）在 印 度 的 部 署。 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） 自願性公告 與印度龍頭汽車零部件製造商簽署諒解備忘錄 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，以 向 股 東 及 有 意 投 資 者 提 供 關 於 本 公 司 最 ...

Core Viewpoint - Ping An International initiates coverage on Youjia Innovation (02431) with a "Buy" rating and a target price of HKD 19.3, indicating a potential upside of 30% and corresponding to a 2026E target price-to-sales ratio of 4.2x [1] Group 1: Industry Insights - The global passenger car intelligent driving domain control market is projected to reach RMB 428.4 billion by 2029, with China accounting for nearly 40% of the market share [2] - Domestic Tier 1 players in China are expected to leverage technological accumulation, R&D efficiency, and cost advantages in large-scale production to enter broader international markets [2] Group 2: Company Strategy and Growth - Youjia's strategic layout includes two business lines: intelligent driving and cockpit, with a focus on progressive iteration through pre-installed production of iSafety and iPilot solutions [2] - The gradual implementation of regulations mandating AEB functionality is anticipated to drive growth in iSafety shipments [2] - Youjia's iPilot, based on domestic chips, aligns with the "intelligent driving equality" needs of domestic automakers, potentially expanding its customer base [2] - The company's DMS products are evolving, with the expectation of increased customer reach and order scale as mandatory regulations come into effect [2] - The introduction of the intelligent assistant BamBam, leveraging large model capabilities, is expected to enhance the value of the cockpit business [2] Group 3: Autonomous Vehicle Development - Youjia is advancing its L4-level autonomous driving solution, iRobo, through innovative applications in diverse scenarios, with the first project for an autonomous minibus completed in February 2025 [3] - The company is rapidly entering the unmanned delivery sector with the Xiaozhu unmanned vehicle, which benefits from shared supply chain resources and enhances cost-effectiveness [3] - The Xiaozhu unmanned vehicle has received numerous orders since its launch, with expectations to reach a delivery scale of nearly 10,000 units in 2026, becoming a significant revenue source for the company [3] - If the business model for unmanned vehicles continues to be validated, Youjia's valuation flexibility is expected to further increase [3]

Core Viewpoint - Ping An International initiates coverage on Youjia Innovation (02431) with a "Buy" rating and a target price of HKD 19.3, indicating a potential upside of 30% and a projected price-to-sales ratio of 4.2x for 2026E [1] Group 1: Industry Overview - The global passenger car intelligent driving domain control market is expected to reach RMB 428.4 billion by 2029, with China accounting for nearly 40% of the market share [2] - Domestic Tier 1 players in China are anticipated to leverage technological accumulation, R&D efficiency, and cost advantages in large-scale production to enter broader international markets [2] Group 2: Company Strategy and Growth - Youjia has strategically positioned itself in both intelligent driving and cabin domains, with progressive iterations through its iSafety and iPilot solutions [3] - The implementation of mandatory AEB features is expected to drive growth in iSafety shipments, while the iPilot solution meets the "intelligent driving equality" needs of domestic automakers [3] - The company's DMS products are evolving, and the introduction of the intelligent assistant BamBam is expected to enhance the value of its cabin business [3] Group 3: Autonomous Vehicle Development - Youjia is advancing its L4-level autonomous driving solution, iRobo, with rapid commercialization in various scenarios, including a successful project launch for its autonomous minibus [4] - The company is also entering the unmanned delivery sector with the Xiaozhu autonomous vehicle, which is expected to achieve significant delivery volumes by 2026, becoming a key revenue source [4] - If the business model for unmanned vehicles continues to be validated, Youjia's valuation flexibility is likely to increase [4]

与公司回购形成强力呼应的是，基石投资者也开展增持动作。1月8日，佑驾创新宣布，基石投资者 Horizon Together Holding Ltd.基于对公司业务的长期看好，近期已在公开市场合计购入68.82万股本公司 H股。 据悉，Horizon Together Holding Ltd.为地平线机器人(09660)全资子公司，此次增持源于双方多年的合作 积淀——地平线长期看好佑驾创新未来发展前景，认可其在地平线生态中的重要价值;同时，双方亦期 待通过技术与资源的双向赋能，携手加速L4无人物流车业务的发展进程。 无论是回购迅速落地，还是基石投资者增持，共同构成了佑驾创新"信心背书"体系，向市场清晰传递出 管理层、核心股东及基石投资者对公司长期价值的笃定。 佑驾创新1月7日回购174.54万股H股，总支付金额为2579.94万港元，回购股份占公司已发行股份的 0.527%。 1月8日继续回购125.94万股H股，总支付金额为1907.92万港元。此次回购股份占已发行H股总数的 0.3823%。 智通财经APP获悉，2026年1月8日晚间，佑驾创新(02431)发布公告，截止2026年1月8日，公司于市场累 计 ...

Group 1 - The company, Youjia Innovation, announced the repurchase of 3,004,800 H shares at a total cost of approximately 44,878,604 HKD, with an average price of about 14.94 HKD per share [1] - The board believes that the current trading price of H shares does not reflect their intrinsic value and the actual business prospects of the group, indicating strong confidence in the long-term value of the company [1] - On January 7, the company repurchased 1.7454 million H shares for 25.7994 million HKD, representing 0.527% of the issued shares, followed by a further repurchase of 1.2594 million H shares for 19.0792 million HKD on January 8, accounting for 0.3823% of the total issued H shares [1] Group 2 - Horizon Together Holding Ltd., a wholly-owned subsidiary of Horizon Robotics, has increased its stake in Youjia Innovation by purchasing 688,200 H shares, reflecting a long-term positive outlook on the company's future development [2] - The collaboration between Youjia Innovation and Horizon Robotics is expected to accelerate the development of L4 unmanned logistics vehicles through mutual technological and resource empowerment [2] - The swift share repurchase and the increase in stake by cornerstone investors together form a "confidence endorsement" system, clearly conveying the commitment of management, core shareholders, and cornerstone investors to the company's long-term value [2]

Core Viewpoint - The company plans to conduct a share buyback program not exceeding HKD 200 million, subject to shareholder approval at the annual general meeting on May 23, 2025 [1] Group 1: Share Buyback Details - As of January 8, 2026, the company has repurchased a total of 3.0048 million H-shares, amounting to approximately HKD 44.8786 million, with an average price of HKD 14.94 per H-share [1] - The board believes that the current trading price of H-shares does not reflect their intrinsic value and the actual business prospects of the group [1] Group 2: Management Confidence - The board asserts that the share buyback demonstrates management's strong confidence in the long-term value of the group [1] - The buyback is expected to enhance the company's market value and shareholder return capabilities [1]

格隆汇1月8日丨佑驾创新(02431.HK)公布，截止2026年1月8日，公司于市场累计购回300万股公司H股 股份，总金额约44,878,604港元，平均价约每股H股股份14.94港元。 ...