Core Insights - The partnership between Sirus (601127) and Volcano Engine aims to create a new ecosystem for artificial intelligence applications through embodied intelligence collaboration [1] - The initiative aligns with the Chinese government's push for deep integration of AI across various sectors, promoting the development of a smart economy and society [1] Group 1: Partnership Details - Sirus and Volcano Engine signed a cooperation agreement to leverage their strengths in embodied intelligence, focusing on end-to-end business solutions [1] - The collaboration will involve joint efforts on projects related to intelligent robot decision-making, control, and human-machine enhancement technologies [1] - A closed-loop mechanism for "technology research and development - scenario validation" will be established to build a solid technical foundation and collaborative basis [1] Group 2: Industry Focus - The partnership will specifically address the digital and intelligent upgrade needs of the automotive industry, creating a new model that integrates technology and application scenarios [1] - Volcano Engine will contribute its technological advantages in language, vision, multimodal, and general AI models, providing intelligent algorithms and computational support [1] - Sirus will leverage its foundational and innovative strengths in manufacturing and industrial intelligence to facilitate the industrial application of AI, aiming for more emotional, intelligent, safe, and trustworthy mobile intelligent entities and life partners [1]

证券代码：601127 证券简称：赛力斯 公告编号：2025-081 赛力斯集团股份有限公司 关于签署合作框架协议的公告 名称：北京火山引擎科技有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次签署的合作协议属于框架协议，不涉及具体金额，相关具体合作项 目由双方根据业务发展需求另行签订相关合作协议进行约定，敬请广大投资者注 意投资风险。 本协议的签署对公司 2025 年度财务状况及经营成果不会产生重大影响。 赛力斯集团股份有限公司（以下简称"公司"）下属子公司重庆凤凰技术有 限公司（以下简称"赛力斯凤凰"）于 2025 年 10 月 9 日与北京火山引擎科技有 限公司（简称"火山引擎"）签署《具身智能业务合作框架协议》，具体情况如 下： 一、协议签订的基本情况 （一）交易对方的基本情况 （二）协议签署的时间、地点、方式 双方于 2025 年 10 月 9 日在北京市签署本协议。 统一社会信用代码：91110108MA01R70K8D 成立日期：2020 年 5 月 11 日 注册地：北京市海淀区紫金 ...

（文章来源：第一财经） 赛力斯公告，公司下属子公司重庆凤凰技术有限公司于2025年10月9日与北京火山引擎科技有限公司签 署《具身智能业务合作框架协议》。双方将围绕"面向多模态云边协同的智能机器人决策、控制与人机 增强技术"项目协同攻关，构建"技术研发——场景验证"闭环机制，共筑技术底座与协作基础。本协议 签订对公司本年度财务状况及经营成果不会产生重大影响。 ...

赛力斯公告，公司下属子公司重庆凤凰技术有限公司与北京火山引擎科技有限公司于2025年10月9日签 署了《具身智能业务合作框架协议》。该协议为框架性文件，不涉及具体金额，相关具体合作项目将另 行签订相关合作协议进行约定。双方围绕"面向多模态云边协同的智能机器人决策、控制与人机增强技 术"项目协同攻关，构建"技术研发——场景验证"闭环机制，共筑技术底座与协作基础。双方聚焦汽车 产业生态数智化升级需求，打造"技术+场景"融合新模式，为汽车产业全面赋能。火山引擎发挥在语 言、视觉、多模态及人工智能通用模型等领域的技术优势，提供智能算法与算力支撑；赛力斯发挥产业 优势推动人工智能的产业化应用落地，实现AI+具身智能有情感、更智慧、更安全、可信赖的移动智能 体和生活伙伴。 ...

Core Insights - Baowu Magnesium Industry announced on October 9 that it supplies all magnesium alloy products for Seres' AITO Wenjie vehicles, with current usage exceeding 20 kg per vehicle [2] - Future projections indicate that with the integration of larger magnesium die-cast components such as electric drive housings, rear floors, and inner door panels, the magnesium usage per vehicle could reach between 50 kg to 100 kg [2]

Market Overview - The Shanghai Composite Index rose by 1.32% on October 9, with 23 sectors experiencing gains, led by non-ferrous metals and steel, which increased by 7.60% and 3.38% respectively [2] - Conversely, the media and real estate sectors saw declines of 1.43% and 1.39% [2] - The automotive sector fell by 0.39% on the same day [2] Capital Flow Analysis - The main capital outflow from the two markets totaled 19.966 billion yuan, with 12 sectors seeing net inflows [2] - The non-ferrous metals sector had the highest net inflow of 5.361 billion yuan, coinciding with its 7.60% increase [2] - The construction and decoration sector also saw a rise of 2.17% with a net inflow of 1.868 billion yuan [2] - The non-bank financial sector experienced the largest net outflow of 6.725 billion yuan, followed by the automotive sector with an outflow of 4.325 billion yuan [2] Automotive Sector Performance - The automotive sector had 280 stocks, with 129 rising and 140 declining; 3 stocks hit the daily limit up while 2 hit the limit down [3] - Among the stocks with net inflows, BYD led with an inflow of 980 million yuan, followed by Jinlong Automobile and Xinquan with inflows of 156 million yuan and 155 million yuan respectively [3] - The top outflow stocks included Seres, Jianghuai Automobile, and Top Group, with outflows of 2.351 billion yuan, 540 million yuan, and 383 million yuan respectively [3][5] Automotive Sector Capital Inflow and Outflow - The top inflow stocks in the automotive sector included: - BYD: +1.27%, 2.89% turnover, 980.39 million yuan inflow - Jinlong Automobile: +9.00%, 9.95% turnover, 155.53 million yuan inflow - Xinquan: +1.87%, 4.48% turnover, 154.78 million yuan inflow [4] - The top outflow stocks included: - Seres: -6.74%, 5.26% turnover, -2.351 billion yuan outflow - Jianghuai Automobile: -2.49%, 3.06% turnover, -539.53 million yuan outflow - Top Group: -1.84%, 2.98% turnover, -383.44 million yuan outflow [5]

Market Overview - On October 9, the Shanghai Composite Index rose by 1.32%, the Shenzhen Component Index increased by 1.47%, the ChiNext Index went up by 0.73%, and the CSI 300 Index gained 1.48% [1] - Among the tradable A-shares, 3,115 stocks rose, accounting for 57.48%, while 2,186 stocks declined [1] Capital Flow - The main capital saw a net outflow of 19.966 billion yuan throughout the day [1] - The ChiNext experienced a net outflow of 11.198 billion yuan, while the STAR Market had a net outflow of 4.835 billion yuan, and the CSI 300 constituents saw a net outflow of 9.622 billion yuan [1] Industry Performance - Out of the 23 first-level industries classified by Shenwan, the top-performing sectors were non-ferrous metals and steel, with increases of 7.60% and 3.38%, respectively [1] - The sectors with the largest declines were media and real estate, which fell by 1.43% and 1.39% [1] Industry Capital Inflow - Twelve industries saw net inflows of main capital, with the non-ferrous metals sector leading at a net inflow of 5.361 billion yuan and a daily increase of 7.60% [1] - The construction and decoration industry followed with a daily increase of 2.17% and a net inflow of 1.868 billion yuan [1] Industry Capital Outflow - Nineteen industries experienced net outflows, with the non-bank financial sector leading at a net outflow of 6.725 billion yuan, despite a slight increase of 0.10% [1] - The automotive sector had a decline of 0.39% and a net outflow of 4.325 billion yuan, with significant outflows also seen in media, electronics, and banking sectors [1] Individual Stock Performance - A total of 2,264 stocks saw net inflows, with 913 stocks having inflows exceeding 10 million yuan, and 153 stocks with inflows over 100 million yuan [2] - The stock with the highest net inflow was ZTE Corporation, which rose by 9.51% with a net inflow of 3.753 billion yuan, followed by Northern Rare Earth and Hikvision with net inflows of 2.969 billion yuan and 1.417 billion yuan, respectively [2] - Stocks with net outflows exceeding 100 million yuan included Sailis, CITIC Securities, and SMIC, with outflows of 2.351 billion yuan, 2.197 billion yuan, and 2.053 billion yuan, respectively [2]

Core Viewpoint - The passenger car sector experienced a decline of 0.56% on October 9, with Seres leading the drop, while the Shanghai Composite Index rose by 1.32% and the Shenzhen Component Index increased by 1.47% [1] Group 1: Market Performance - The closing price of SAIC Motor was 17.52, up by 2.34%, with a trading volume of 865,000 shares and a transaction value of 1.505 billion [1] - BYD closed at 110.60, up by 1.27%, with a trading volume of 1,008,700 shares and a transaction value of 11.196 billion [1] - GAC Group closed at 7.68, up by 0.79%, with a trading volume of 308,700 shares and a transaction value of 236 million [1] - Changan Automobile closed at 12.32, up by 0.74%, with a trading volume of 987,900 shares and a transaction value of 1.208 billion [1] - Great Wall Motors closed at 24.75, up by 0.61%, with a trading volume of 209,000 shares and a transaction value of 514 million [1] - BAIC Blue Valley closed at 7.99, down by 1.11%, with a trading volume of 1,470,400 shares and a transaction value of 1.183 billion [1] - Haima Automobile closed at 5.57, down by 4.30%, with a trading volume of 1,616,900 shares and a transaction value of 910 million [1] - Seres closed at 160.00, down by 6.74%, with a trading volume of 794,300 shares and a transaction value of 12.953 billion [1] Group 2: Fund Flow Analysis - The passenger car sector saw a net outflow of 1.823 billion from main funds, while retail funds had a net inflow of 1.066 billion [1] - BYD had a main fund net inflow of 894 million, but a net outflow of 631 million from speculative funds and 263 million from retail investors [2] - SAIC Motor experienced a main fund net inflow of 64.31 million, with a net outflow of 66.76 million from retail investors [2] - GAC Group had a main fund net inflow of 31.38 million, but a net outflow of 2.466 million from retail investors [2] - Changan Automobile faced a main fund net outflow of 56.85 million, while retail investors contributed a net inflow of 41.02 million [2] - BAIC Blue Valley had a significant main fund net outflow of 142 million, but a net inflow of 114 million from retail investors [2] - Seres saw a main fund net outflow of 25.20 million, with retail investors contributing a net inflow of 11.80 million [2]

Core Viewpoint - After more than a year, the company completed the payment for a 10% stake in Shenzhen Yingwang Intelligent Technology Co., becoming one of its three major shareholders [1] Group 1: Company Developments - The company, along with Avita, has expressed intentions to deepen strategic cooperation with Huawei [1] - The signing ceremony for the strategic cooperation agreement highlighted the collaboration aimed at transforming Yingwang into an open platform for smart automotive industry [1] - The company plans to continue opening up equity to strategic partners to jointly promote the rise of the automotive industry and comprehensive development of intelligence [1]

Market Performance - The A-share market opened positively after the holiday, with the Shanghai Composite Index rising by 1.32%, reaching its highest level since August 2015 [2] - The Shenzhen Component Index increased by 1.47%, while the ChiNext Index rose by 0.73% [3] - A total of 100 stocks hit the daily limit up, and over 3100 stocks experienced gains [5] Sector Performance - The non-ferrous metals and nuclear power sectors saw significant gains, while the semiconductor industry experienced a notable decline in the afternoon [5] - The real estate, tourism, and film sectors generally fell [5] Trading Volume - The total trading volume in the Shanghai and Shenzhen markets reached 2.65 trillion yuan, an increase of 471.8 billion yuan compared to the previous trading day [5] Capital Flow - Major capital inflows were observed in the non-ferrous metals, power equipment, and computer sectors, while there were outflows from the securities, automotive, and semiconductor sectors [7] - Specific stocks with net inflows included ZTE Corporation, Northern Rare Earth, and Hikvision, with inflows of 3.028 billion yuan, 2.658 billion yuan, and 1.361 billion yuan respectively [7] - Stocks with net outflows included Seres, SMIC, and Sungrow Power, with outflows of 2.52 billion yuan, 1.996 billion yuan, and 1.796 billion yuan respectively [7] Institutional Insights - CITIC Securities indicated that heavyweight stocks are driving the index higher, and the market is expected to continue its upward trend in the fourth quarter [8] - Guodu Securities noted that the overseas equity markets experienced a general rise during the National Day holiday, and the foundation for the current slow bull market remains intact [8] - The focus remains on the technology sector, with expected differentiation within the sector, emphasizing the importance of capturing high-growth areas [8] - Guojin Securities projected accelerated capital expenditure during the 14th Five-Year Plan, highlighting the active potential of the controllable nuclear fusion industry chain [8]