"出行服务的未来必然是Robotaxi。"如祺出行CEO蒋华在Robotaxi+战略发布会上表示，Robotaxi赛道已经进入比拼落地能力阶段，"能否实现规模化商业落 地，将决定玩家是否有资格在这个赛道走下去。" 在网约车市场竞争愈发白热化的情况下，如祺出行押宝Robotaxi，目前Robotaxi车队规模已突破300辆，运营站点超过4000个。并于今年7月启 动"Robotaxi+"战略，为企业提供一揽子Robotaxi解决方案，并扩大车队和运营规模，为Robotaxi搭好基建。 这意味着"Robotaxi+"的"+"是从轻资产模式到重资产模式的转变，然而，如祺出行长期依赖第三方平台获取订单，自营平台流量未达预期，持续增长的第 三方平台服务费用、司机服务费用和汽车服务站费用使收入成本增加，企业依然盈利承压。 如祺出行毛利率连续数年为负的状况，能否支撑"Robotaxi+"策略落地及Robotaxi的后续研发仍是未知数。 另外，网约车市场中的头部玩家——百度地图和滴滴出行也在布局Robotaxi，当头部玩家凭借资金、数据、流量优势构建各自品牌的Robotaxi生态，如祺 出行所谓的"Robotaxi+"（将R ...

格隆汇8月14日丨如祺出行(09680.HK)公布，公司将于2025年8月26日召开董事会会议，以（其中包括） 审议及通过集团截至2025年6月30日止六个月的中期业绩及其发布，以及审议派发中期股息的建议（如 有）。 ...

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文件的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本文件全部或任何 部份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。 Chenqi Technology Limited 如祺出行科技有限公司 （股份代號：9680） （於開曼群島註冊成立的有限公司） 如祺出行科技有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會會議將於 2025年8月26日（星期二）舉行，藉以（其中包括）考慮及批准本公司及其附屬公司及 關聯併表實體截至2025年6月30日止六個月之中期業績及其發佈，並考慮派發中期 股息（如有）。 承董事會命 如祺出行科技有限公司 董事長 高銳先生 中國廣州，2025年8月14日 於本公告日期，董事會成員包括：(i)執行董事蔣華先生；(ii)非執行董事高銳先生、 肖艷女士、梁偉強先生、鍾翔平先生及柏卉女士；及(iii)獨立非執行董事張君毅先 生、張森泉先生及李貿祥先生。 董事會會議通告 ...

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7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 如祺出行科技有限公司 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) | 09680 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 480,000,000 | USD | | 0.0005 | USD | | 240,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 480,000,000 | USD | | 0.0005 | USD | | 240,000 | 本月底法定/註冊股本總額： USD 240,000 FF ...

合资公司的成立标志着「AI+储能」技术融合将在本集团和海博思创的共同努力下迈向新的高度，在技术、应用场景及产业生态等方面实现深度探索与创新 性突破。 依托海博思创在储能系统研发、生产及全生命周期管理领域的技术实践，结合第四范式在AI Agent+世界模型、机器学习平台以及智慧能源领域的领先技 术，第四范式与海博思创将在电力交易、储能电站资产运营管理等领域推进合作，针对多场景应用展开探索，共同推动储能领域人工智能技术的全面应用， 通过「AI+储能」的深度融合，助力储能系统全流程全周期智能化升级。 随着第四范式与海博思创之间合作的推进，双方将携手探索「AI+储能」的科技边界，为储能全业务链注入高度智能化能力，为全球能源可持续发展提供 「中国方案」。综上所述，第四范式认为，合资协议的条款及其项下拟进行之交易乃按正常商业条款进行，属公平合理，且符合本公司及本公司股东之整体 利益。 8月4日，第四范式发布公告称，当日公司与北京海博思创科技股份有限公司（海博思创）订立合资协议，内容有关成立合资公司。建议合资公司名称为能量 晶体（北京）科技有限公司（暂定名）。 合资公司将主要从事电力交易方向的AI技术服务。于成立时，第四范 ...

Core Viewpoint - The recent surge in stock price of 如祺出行 (09680.HK) is attributed to the launch of its "Robotaxi+" strategy and its leading position in the compliance rate of ride-hailing orders [1][2] Company Developments - 如祺出行's stock price reached a peak of 12.00 HKD, with an increase of 11.52% on August 1, and has seen a continuous rise over the past four trading days [1] - The company announced the "Robotaxi+" strategy on July 23, which aims to upgrade its existing Robotaxi operational technology platform to an open "Robotaxi+" platform [1] - The "Robotaxi+" platform will provide comprehensive solutions for Robotaxi commercialization, including asset operation and maintenance plans, ensuring maximum asset efficiency and transparent data management [1] Strategic Plans - The "星火计划" (Spark Plan) aims to expand the operational scope and fleet size of Robotaxi services, targeting to cover 100 core cities and build a fleet of over 10,000 vehicles in the next five years [2] - The "星河计划" (Galaxy Plan) involves a 1 billion-level investment to establish a three-tier maintenance network for Robotaxi in 100 core cities, with an expected total of 1,000 facilities to support the maintenance of 100,000 Robotaxi annually [2] - Since the announcement of the "Robotaxi+" strategy, 如祺出行's stock price and market value have increased by over 25% [2]

7月23日，如祺出行宣布正式启动"Robotaxi+"战略。根据规划，如祺出行未来5年将Robotaxi运营覆盖至 100个核心城市，与合作伙伴一起构建超万辆规模的Robotaxi车队；还将推动10亿元级投资计划，建成 覆盖100个核心城市的Robotaxi三级运维网络，形成可支撑每年10万辆Robotaxi线下运维的综合能力。 继续保持"全开放" 提供Robotaxi规模化运营一揽子解决方案 此次如祺出行发布"Robotaxi+"战略，即将原有2022年发布的开放性Robotaxi运营科技平台升级为开放 性"Robotaxi+"平台。升级前后，有哪些"同"与"不同"？"同"的方面，新平台将继续发挥出行平台开放 性，面向行业所有符合本地监管标准的Robotaxi开放运营。 "不同"之处在于，新平台将面向所有Robotaxi商业化参与方提供Robotaxi规模化运营一揽子解决方案， 包括Robotaxi资产运营方案、Robotaxi运维方案等。与此同时，新平台凭借高效运维、极致控本实现车 辆资产效益最大化，并确保车辆运营全流程数据透明、监管高效、安全可靠。 "星火计划"旨在扩大Robotaxi运营范围与车队规模 ...

Market Overview - The market has recently experienced an upward trend, reaching 3500 points, with active trading volumes around 1.5 trillion [1] - The technology growth sector has shown greater elasticity, with frequent rotation of market hotspots [1] Fund Performance - Active equity funds have outperformed index funds, with several funds showing remarkable performance [1] - A list of funds that have doubled in value over the past year has been compiled, focusing on active equity funds [2] Notable Funds - **Zhongou Digital Economy Mixed Fund A**: Achieved a daily increase of 7.02%, entering the "doubling fund" category, driven by Nvidia's approval to export H20 chips [3] - **Yongying Advanced Manufacturing Smart Selection Mixed Fund A**: Focuses on AI infrastructure and applications, with a high concentration in the AI sector [5] - **Ping An Advanced Manufacturing Theme Stock Fund A**: Managed by a former traditional automotive engineer, showing a diversified portfolio across various sectors [6] - **Zhonghang Trend Navigation Mixed Fund A**: Also emphasizes investment in the robotics industry, with a focus on machine learning and AI applications [7] Fund Holdings - **Zhongou Digital Economy Mixed Fund A**: Major holdings include Zhongji Xuchuang, with a 10.18% allocation, and other tech stocks [4] - **Ping An Advanced Manufacturing Theme Stock Fund A**: The top ten holdings account for only 36.90% of the portfolio, indicating a diversified approach [6] - **Zhonghang Trend Navigation Mixed Fund A**: Similar to other funds, it has a strong focus on the robotics sector, awaiting further updates from the second quarter report [7] Future Outlook - Fund managers express confidence in the potential of Chinese companies in the global AI landscape, anticipating significant innovations in core technologies [5]

近日，东莞市交通运输局发布《关于2024年下半年网约车投诉情况的通报》，通报显示，日均订单量在1万单以上的网约车平台中如祺出行万单投诉量0.4， 投诉纠纷排名居首位，其与哈啰出行、小拉出行2024年度服务质量信誉考核扣50分。 | l를 | 政策 | � 法定主动公开内容 > 其他 > 工作动态 | | | --- | --- | --- | --- | | | 政府信息 | 索引号： 11441900007329896Y/2025-00392 | 分类： | | (0) | 公开指南 | 发布机构： 东莞市交通运输局 | 成文日期： 2025-05-30 | | | | 名称： 关于2024年下半年网约车投诉情况的通报 | | | ■ | 政府信息 公开制度 | 文号： | 发布日期： 2025-06-10 | | | | 主题词： | | | fil | 法定主动 公开内容 | 【打印】【字体:大 中 小】 | 分享到:(6)(4) | | 心 组织机构 | + | | | | △ 财政信息 | + | 关于2024年下半年网约车投诉情况的通报 | | | □ 规划计划 | + | 发布日期：2025-0 ...

Core Viewpoint - The company, 如祺出行, is a leading travel technology and service provider in China, focusing on comprehensive travel solutions and services, including ride-hailing and Robotaxi services, with a strong emphasis on technological innovation and market expansion [4][5]. Financial Performance - As of December 31, 2024, the company achieved total revenue of 2.463 billion RMB, representing a year-on-year growth of 13.99%, while the net profit attributable to shareholders was -564 million RMB, an increase of 18.56% [2]. - The company's gross margin was -1.44%, and the debt-to-asset ratio stood at 19.75% [2]. Stock Performance - In the past month, the company's stock has increased by 9.95%, but it has seen a year-to-date decline of 26.57%, underperforming the Hang Seng Index by 19.11% [2]. - The stock closed at 12.0 HKD per share on June 16, with a trading volume of 686,600 shares and a turnover of 9.3802 million HKD, reflecting a volatility of 61.48% [1]. Industry Valuation - The average price-to-earnings (P/E) ratio for the travel and leisure facilities industry is 41.72 times, while the median is -0.7 times. The company's P/E ratio is -3.44 times, ranking 93rd in the industry [3]. - Other companies in the industry have P/E ratios ranging from 0.4 times to 1.34 times [3]. Business Model and Strategy - The company operates a multi-faceted business model that includes ride-hailing services, technology services, and comprehensive support for drivers and fleet partners [4]. - The company employs a "Ripple Model" for market expansion, focusing on cities with potential synergies to reduce market penetration and customer acquisition costs [4]. - As of June 30, 2023, the company had 21.6 million registered users on its ride-hailing platform, with a compound annual growth rate of 76.8% in ride-hailing revenue from 2020 to 2022 [4]. Technological Innovation - The company has developed a robust AI algorithm model that generates intelligent routing and matching solutions, ensuring efficiency, reliability, and safety in its services [4]. - The company launched the world's first mixed-operation platform for human-driven ride-hailing and Robotaxi services in October 2022, marking a significant step towards the commercialization of Robotaxi [4]. Recognition and Achievements - The company has received multiple accolades, including being named a "New Unicorn Enterprise" by Forbes China in 2023 and recognized for its innovation in the autonomous driving sector [5]. - The company plays a key role in formulating policies and standards for the commercialization of Robotaxi in Guangzhou as a member of the local autonomous driving application demonstration operation committee [5].