Core Insights - The Q3 report from Lu Master highlights significant advancements in the automotive sector, particularly in user experience dimensions such as cockpit system smoothness and voice AI recognition rates [2][18] - The new Tank 500 has emerged as a surprising leader in cockpit system smoothness, breaking the stereotype that off-road vehicles lag in technology [4][18] - Ideal and Wenjie continue to dominate the voice AI recognition rankings, while new entrants like Tengshi and Fangchengbao show strong competitive potential [15][18] Cockpit System Smoothness Rankings - The new Tank 500 achieved a remarkable smoothness index of 1288.6ms, setting a new record and challenging the perception of off-road vehicles [4][18] - Ideal's models, L8 and L7, maintained their strong positions in the rankings, showcasing consistent performance across various functionalities [6][18] - New players like Leida L90 entered the rankings with a solid performance of 1428.9ms, indicating effective system tuning and user interaction [8][18] - The mid-tier segment is competitive, with models like Lantu Dreamer and ZEEKR 007 showing similar performance around the 1500ms mark, though some features lag behind [12][18] Voice AI Recognition Rankings - Ideal L6 and Wenjie M8 topped the voice recognition rankings with a recognition rate of 64.79%, demonstrating advanced voice interaction capabilities [15][18] - New contenders like Tengshi Z9GT EV and Fangchengbao 8 are making significant strides, with recognition rates of 64.08% and 63.38% respectively [15][18] - The overall competition in voice AI recognition is tightening, with only a small gap between the top and bottom performers, indicating a shift towards detail-oriented improvements [17][18]

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 致：香港交易及結算所有限公司 公司名稱: 360 魯大師控股有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03601 | 說明 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | HKD | | 0 | | 本月底結存 | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,000,000 FF30 ...

Core Viewpoint - The stock of Aodima Automotive has surged significantly, with a rise of 239% to HKD 2, leading to a market capitalization exceeding HKD 1.7 billion, reflecting a more than 730% increase since its listing three days ago [1]. Company Overview - Aodima Automotive is a one-stop automotive after-sales service provider based in Singapore, focusing on inspection, maintenance, and repair services [1]. - According to a Frost & Sullivan report, Aodima ranks first among independent automotive after-sales service providers in Singapore, holding an approximate market share of 8.4% based on revenue generated in 2018 [1]. - The company's revenue for the years 2016 to 2018 was reported as SGD 16.335 million, SGD 18.641 million, and SGD 17.985 million, respectively, with profits of SGD 1.429 million and SGD 1.906 million in 2016 and 2017, but a loss of SGD 0.243 million in 2018 [1]. Market Activity - The public offering of Aodima Automotive was significantly oversubscribed, with a subscription rate of approximately 28.18 times the initial offering [1]. - The recent trend in the Hong Kong stock market has seen a surge in new stocks, with Aodima Automotive's stock price increasing by 733% since its listing [8][9]. - Other new stocks in October have also experienced substantial gains, contributing to a favorable market sentiment for new listings [8]. Investor Sentiment - Some investors expressed regret over not holding onto their shares, indicating a strong emotional response to the stock's rapid increase [2][4]. - There are mixed sentiments among investors, with some anticipating further price increases, while others are cashing out at high prices [5][7].

360 LUDASHI HOLDINGS LIMITED 360 魯大師控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） （Stock Code 股份代號：3601） NOTIFICATION LETTER 通知信函 Dear Non-registered Holder(s) (Note 1) 360 Ludashi Holdings Limited (the "Company") – Notice of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.ludashi.com and the website of The Stock Exc ...

360 LUDASHI HOLDINGS LIMITED 360 魯大師控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） （Stock Code 股份代號：3601） NOTIFICATION LETTER 通知信函 Dear Registered Shareholders, 30 September 2025 360 Ludashi Holdings Limited (the "Company") – Notice of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.ludashi.com and the website of ...

Financial Performance - In the first half of 2025, the company experienced a decline in net profit due to a decrease in online game recharge revenue, attributed to a shrinking market share in the online gaming sector [9]. - The company's revenue decreased by approximately 29.6% from about RMB 742.1 million for the six months ended June 30, 2024, to about RMB 522.6 million for the six months ended June 30, 2025 [20]. - Gross profit for the same period was RMB 56,691,000, down 34.4% from RMB 86,481,000 year-over-year [82]. - The net profit for the period was RMB 11,932,000, a decline of 45.4% compared to RMB 21,884,000 in the previous year [82]. - Basic and diluted earnings per share decreased to RMB 5.06 from RMB 7.52, representing a 32.7% drop [82]. - Revenue for the six months ended June 30, 2025, was RMB 522,592,000, a decrease of 29.6% compared to RMB 742,125,000 for the same period in 2024 [82]. - Revenue from exclusive online gaming operations dropped significantly to RMB 171,272,000 from RMB 445,343,000, a decline of 61.6% [95]. - The company reported a net profit of RMB 13,612,000 for the six months ended June 30, 2025, down 32.8% from RMB 20,228,000 in 2024 [102]. User Engagement and Market Presence - The company reported approximately 78.1 million monthly active users for all computer and mobile device tool software as of June 30, 2025 [11]. - The company is committed to enhancing user engagement by optimizing software products and expanding its online gaming user base [18]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025 [125]. - User engagement metrics improved, with an average session duration increase of 30% [125]. - The company is actively developing new online games and enhancing marketing efforts to attract new players and maintain existing ones [10]. Revenue Streams - Revenue from online advertising services increased by approximately 19.5% from about RMB 279.8 million for the six months ended June 30, 2024, to about RMB 334.3 million for the six months ended June 30, 2025 [22]. - Revenue from the mobile e-commerce business is generated through advertising services provided to e-commerce clients, with a fixed fee plus a percentage based on return on investment [23]. - Revenue from related parties increased significantly to RMB 13,606,000 in the first half of 2025, compared to RMB 4,000 in the same period of 2024 [118]. Product Development and Innovation - The company is focusing on developing a rich product matrix of PC tools to address high-frequency user pain points, including features like AI disk management and intelligent lag prevention [12]. - The company plans to launch the game "Kung Fu Panda: The Dragon Knight" in the fourth quarter of 2025 in mainland China and Southeast Asia [15]. - The "Lu Master AiNAS" product, a hardware-software integrated device, is set to launch in the second half of 2025, with a new design patent completed [16]. - The company is investing RMB 200 million in R&D for new technologies, focusing on AI and cybersecurity solutions [126]. Financial Management and Investments - The company expects to continue relying on cash flow from operations and other financing for working capital needs and business expansion [39]. - The company subscribed to two structured deposit products from China Merchants Bank, with a total deposit amount of RMB 95 million (RMB 45 million and RMB 50 million) during the reporting period [43][44]. - The expected annualized interest rate for the structured deposit products is between 1.85% and 2.31%, linked to gold price performance [43][44]. - The company reported a net cash inflow from investing activities of RMB 40,379,000, down from RMB 72,132,000 in the prior year [87]. Operational Challenges - The online advertising service business faced challenges due to intensified competition and a shift in user consumption patterns, leading to a more conservative advertising investment attitude among clients [9]. - Revenue from the exclusive licensed online gaming business dropped by about 61.5%, from RMB 445.3 million to RMB 171.3 million, due to declining user engagement and lack of new impactful games [25]. - Total gross profit decreased by approximately 34.4% from RMB 86.5 million to RMB 56.7 million, with a gross margin decline from 11.7% to 10.8% [31]. Corporate Governance and Compliance - The company has established an audit committee to oversee financial reporting and risk management, consisting of three members, with Hu Qin as the chairperson [67]. - The audit committee reviewed the company's unaudited interim results for the six months ending June 30, 2025, ensuring compliance with accounting principles and internal controls [67]. - The company is committed to maintaining effective control over its operations in compliance with Chinese laws and regulations [64]. - The company will disclose the overall situation of compliance with contractual arrangements in its annual report [68]. Employee and Management Information - The company employed 208 full-time employees as of June 30, 2025, including 89 in sales and marketing, 91 in R&D, and 26 in administration [47]. - The total compensation for key management personnel was RMB 1,453,000, down 40.1% from RMB 2,425,000 in the previous year [119].

Company News - New天绿色能源 (00956.HK) reported a power generation of 9.8787 million MWh in the first eight months, an increase of 10.55% year-on-year; August's power generation was 784.8 thousand MWh, up 23.53% year-on-year [2] -远洋集团 (03377.HK) recorded a contract sales amount of 16.44 billion yuan in the first eight months, a decrease of 25.9% year-on-year; August's contract sales were approximately 1.7 billion yuan, down 17.5% year-on-year [2] - 合生创展集团 (00754.HK) reported a contract sales amount of approximately 9.902 billion yuan in the first eight months, a decrease of 15.6% year-on-year; August's contract sales were about 334 million yuan, down 38.4% year-on-year [2] - 越秀交通基建 (01052.HK) reported a cumulative toll revenue of approximately 603 million yuan for the Guangzhou North Second Ring Expressway in the first seven months, a decrease of 0.7% year-on-year [2] - 华油能源 (01251.HK) entered into a financing lease agreement with Zhongguancun Science and Technology Leasing [2] - 日清食品 (01475.HK) plans to invest 30.68 million yuan to acquire land in Zhuhai for new production facilities [2] - 鲁大师 (03601.HK) subscribed to a structured deposit product from China Merchants Bank, involving 50 million yuan [2] - 越秀地产 (00123.HK) plans to obtain a term loan financing of 200 million HKD [2] - 康宁杰瑞制药-B (09966.HK) had its new drug application for KN026 (Anituzumab injection) accepted by the National Medical Products Administration [2] Buyback Activities - 腾讯控股 (00700.HK) repurchased 874,000 shares at a cost of 550 million HKD, with repurchase prices ranging from 624 to 633 HKD [2] - 汇丰控股 (00005.HK) spent approximately 108 million HKD to repurchase about 1.041 million shares, with repurchase prices between 102.8 and 104.3 HKD [2] - 恒生银行 (00011.HK) repurchased 210,000 shares at a cost of approximately 24.882 million HKD, with repurchase prices from 117.9 to 119.2 HKD [2] - 百胜中国 (09987.HK) repurchased about 57,900 shares at a cost of approximately 20.2 million HKD, with repurchase prices between 347 and 351.8 HKD [2] - 石四药集团 (02005.HK) repurchased 6 million shares at a cost of approximately 18.143 million HKD, with repurchase prices ranging from 2.98 to 3.04 HKD [2] - 美高梅中国 (02282.HK) repurchased 1 million shares at a cost of 16.2463 million HKD, with repurchase prices between 16.04 and 16.45 HKD [3] Power Generation Data - 中广核新能源 (01811.HK) reported a power generation of approximately 12,850.5 GWh in the first eight months, a decrease of 1.6% year-on-year; August's power generation was 1,543.7 GWh, down 5.7% year-on-year [4]

Group 1 - The company announced the maturity and redemption of all principal from its structured deposit product under agreement XLVI [1] - To optimize the use of idle funds for better returns, the company’s subsidiary Chengdu Mijiayou entered into a new structured deposit agreement XLVII with China Merchants Bank, agreeing to invest RMB 50 million [1] - The investment amount for the new structured deposit is sourced from the redeemed principal of the previous agreement XLVI [1]

Core Viewpoint - The company, Lu Master (03601.HK), has announced a new agreement for a structured deposit product with China Merchants Bank, involving an investment of 50 million RMB [1] Group 1 - Lu Master’s subsidiary, Chengdu Mijia You, has entered into a structured deposit product agreement (XLVII) with China Merchants Bank [1] - The investment amount for the structured deposit is set at 50 million RMB [1] - The funds for this investment are derived from the principal that was redeemed under a previous structured deposit product agreement (XLVI) [1]

Group 1 - The company, Lu Master (03601), announced the maturity and redemption of all principal from its structured deposit product under agreement XLVI [1] - To optimize the use of idle funds for better returns, the company’s subsidiary, Chengdu Mijia You, entered into a new structured deposit agreement XLVII with China Merchants Bank, agreeing to subscribe to a structured deposit product worth RMB 50 million [1] - The subscription funds for the new structured deposit product are derived from the redeemed principal of the previous agreement XLVI [1]