Core Viewpoint - The stock price of Sais (Hong Kong stock code 09927.HK) closed at HKD 109.50, reflecting a decline of 4.95%, with a cumulative drop of 16.73% since its listing on November 5, 2025 [1] Group 1: IPO Details - Sais was listed on the Hong Kong Stock Exchange on November 5, 2025, opening below its initial offering price at HKD 128.9 [1] - The total number of shares offered globally was 108,619,000 H-shares, with 10,861,900 shares allocated for the Hong Kong offering and 97,757,100 shares for international offering [1] - The final offer price was set at HKD 131.50, raising a total of HKD 14,283.40 million, with net proceeds amounting to HKD 14,016.41 million after deducting estimated listing expenses of HKD 266.99 million [1] Group 2: Cornerstone Investors - Key cornerstone investors include Chongqing Industry Mother Fund, Linyuan Fund, Huatai Capital Investment, and several others such as New China Asset Management and BESS Broadway [2] - New China Asset Management is primarily owned by New China Life Insurance Co., holding 99.6% directly and indirectly [3] - Other notable investors include Sanhua (Hong Kong), which is wholly owned by Zhejiang Sanhua Intelligent Control Co., and Hichain Logistics HK, ultimately controlled by Jiangsu Haichen Logistics Co. [3]

证券代码：601127 证券简称：赛力斯 公告编号：2025-095 2019 年 9 月 23 日，赛力斯集团股份有限公司（以下简称"公司"）参与共 同发起设立广东融创岭岳智能制造与信息技术产业股权投资基金合伙企业（有限 合伙）（以下简称"融创岭岳""合伙企业"），并由中新融创资本管理有限公 司（以下简称"中新融创"）担任基金管理人。具体内容详见公司于 2019 年 11 月 19 日披露在上海证券交易所网站（www.sse.com.cn）的《关于参与投资设立 股权投资基金的公告》（2019-130）。 二、基金管理人变更情况 公司于近日收到融创岭岳通知，根据合伙企业管理的实际需要，经合伙人大 会决议通过，融创岭岳的基金管理人由中新融创变更为天津融创私募股权投资基 金管理有限公司（简称"天津融创"），具体情况如下： 天津融创为中新融创全资子公司，两者均从事私募股权投资基金管理业务， 在管基金的投资方向存在重叠，为防范利益冲突，更好地维护投资人利益，中新 融创决定不再从事基金管理业务，并将其在管基金的管理人变更为天津融创，变 更后基金整体规模不变，合伙协议其他条款不变，其他合伙人的权利和义务不受 影响。 三、 ...

赛力斯公告，公司参与投资的广东融创岭岳智能制造与信息技术产业股权投资基金合伙企业（有限合 伙）的基金管理人由中新融创变更为天津融创私募股权投资基金管理有限公司。天津融创为中新融创全 资子公司，变更后基金整体规模不变，合伙协议其他条款不变。本次基金管理人变更将优化基金管理， 不会对基金后续运作产生不利影响。 ...

Core Viewpoint - The launch of the Cyrus Magic Cube Technology Platform 2.0 at the Guangzhou International Auto Show marks a significant advancement in the AITO brand's technology system, aiming to establish itself as the "first brand in China's high-end and intelligent automotive sector" [1] Group 1: Technology and Innovation - The new platform emphasizes panoramic intelligence and intelligent safety, upgrading smart energy, intelligent chassis, EEA architecture, and smart space, positioning itself as an AI-driven smart electric vehicle platform [1][3] - Since 2021, Cyrus has collaborated with Huawei to develop a comprehensive suite of intelligent technologies, including the Qian Kun intelligent driving and Harmony cockpit, and has initiated full-dimensional networking with dual-card dual-communication and 360° satellite communication [3][4] - The platform integrates advanced technologies such as an 800V high-voltage architecture and 5C ultra-fast charging, ensuring efficient travel and rapid recharging experiences [3][4] Group 2: Safety and User Experience - The platform features a four-tier intelligent safety system focusing on life protection, vehicle body protection, health care, and privacy protection, utilizing aerospace-grade materials for a lightweight and strong vehicle body [4] - The AITO brand has launched multiple models, including the M9, M8, M7, and M5, with a cumulative user base exceeding 900,000, indicating strong market acceptance [4][5] - The M9 and M8 models have achieved significant sales milestones, leading their respective segments, while the vehicles' assisted driving systems have accumulated over 4.45 billion kilometers of driving distance [5] Group 3: Future Outlook - AITO plans to continue focusing on user-centric development through deep collaboration with strategic partners, promoting innovation and rapid iteration of products and technologies in the AI and automotive sectors [5]

Core Viewpoint - Seres (601127) officially launched the Magic Cube Technology Platform 2.0 at the Guangzhou International Auto Show, positioning it as an "AI-driven smart electric vehicle platform" focusing on five key areas: intelligent safety, smart energy, intelligent chassis, EEA architecture, and smart space [1] Group 1: Technology Features - The platform integrates Huawei's QianKun intelligent driving and HarmonyOS cockpit, supporting dual SIM dual communication, satellite communication, and Huawei's Star Flash technology [1] - It features an 800V high-voltage architecture and an eight-in-one electric drive design, supporting 5C ultra-fast charging with two range-extending power options of 1.5T and 2.0T [1] - The intelligent chassis system incorporates road preview and corner prediction technologies, along with XYZ fusion control and ADS response mechanisms, featuring dual backup steering and braking redundancy [1] Group 2: Safety and Reliability - Seres has established four safety systems covering life protection, body protection, health care, and privacy protection, validated through comprehensive testing and over 100,000 test cases [1] - The electronic architecture has transitioned from distributed to "central vehicle control + regional control," supporting large model deployment and end-to-end evolution [1] Group 3: Market Performance - The AITO series has surpassed 900,000 cumulative users, with the M9 and M8 models ranking first in their respective market segments, achieving sales of 500,000 and 400,000 units [1] - The total mileage for assisted driving has exceeded 4.45 billion kilometers [1]

Core Insights - The 2025 Guangzhou Auto Show has officially opened, showcasing the launch of the SIRUIS Magic Cube Technology Platform 2.0, marking a significant upgrade in the evolution from software-defined to AI-defined vehicles [1][3] Group 1: Technology Platform Upgrade - The new Magic Cube Technology Platform 2.0 is led by panoramic intelligence and is built on intelligent safety, featuring upgrades in smart energy, intelligent chassis, EEA architecture, and smart space [3] - The platform has transitioned from a "distributed regional control" electronic architecture to a "central vehicle control + regional control" model, supporting large model applications and end-to-end evolution [3] Group 2: Strategic Collaborations - Since 2021, SIRUIS has partnered with Huawei to co-develop and mass-produce a full-stack of Huawei's intelligent technology, including the Qian Kun smart driving and Harmony cockpit [3] - The company has initiated comprehensive network connectivity, including dual SIM dual communication, 360° satellite communication, and Huawei's Star Flash, ensuring real-time online capabilities [3] Group 3: AI Integration - The Magic Cube Technology Platform 2.0 emphasizes multi-domain integration and a service-oriented software architecture, enabling sharp perception, intelligent decision-making, and efficient execution [3]

Core Viewpoint - The release of the Cyrus Magic Cube Technology Platform 2.0 marks a significant upgrade aimed at establishing the brand as a leader in high-end and intelligent vehicles in China, focusing on high safety, reliability, performance, quality, and value for users [1][19]. Group 1: Technology and Innovation - The new platform emphasizes AI-driven smart electric vehicles, enhancing smart energy, intelligent chassis, EEA architecture, and smart space [1][3]. - The platform integrates advanced AI capabilities to create a more emotional, intelligent, safe, and reliable mobile companion [3]. - The platform's architecture has evolved from distributed regional control to a centralized control system, supporting large model applications and end-to-end evolution [10]. Group 2: Product Features and Performance - The smart range-extended electric technology solution offers high integration with a high-voltage architecture, ensuring optimal vehicle operation and energy efficiency [6]. - The intelligent chassis features include road preview and curve prediction technologies, enhancing safety and comfort through dual backup systems [8]. - The platform supports multiple vehicle types and flexible production, allowing for a wide range of configurations and use cases [12]. Group 3: Safety and User Experience - The brand prioritizes safety as the ultimate luxury, implementing a comprehensive intelligent safety system covering life protection, vehicle body protection, health care, and privacy protection [15][14]. - The company has developed a robust testing system with over 100,000 test cases to ensure high reliability and user satisfaction [17]. - The brand has achieved significant user engagement, with over 900,000 cumulative users and leading sales in its vehicle segments [19][21]. Group 4: Future Outlook - The company aims to continue user-centric development through deep collaboration with strategic partners, focusing on innovation and rapid product iteration in the AI and automotive sectors [21].

Core Insights - AITO's total vehicle deliveries have surpassed 900,000 units as announced by the president of Seres Automotive, He Liyang, at the 2025 Guangzhou Auto Show [1] Delivery Performance - The AITO Wenjie M9 has achieved cumulative deliveries of over 260,000 units [1] - The AITO Wenjie M8 has reached cumulative deliveries of 130,000 units [1] - The AITO Wenjie M7 has recorded cumulative deliveries of 350,000 units [1] - The AITO Wenjie M5 has seen cumulative deliveries of 160,000 units [1] Driving Assistance Milestone - The total mileage for the AITO series' advanced driver assistance systems has reached 4.45 billion kilometers [1]

Core Insights - AITO Wenjie series vehicles have achieved cumulative deliveries exceeding 900,000 units, showcasing strong market performance [1] Delivery Breakdown - Wenjie M9 has delivered 260,000 units - Wenjie M8 has delivered 130,000 units - Wenjie M7 has delivered 350,000 units - Wenjie M5 has delivered 160,000 units [1] Autonomous Driving Initiatives - All new Wenjie vehicles will be test-driven by executives immediately upon release, with a requirement to activate assisted driving upon entry, or face penalties - The total mileage for assisted driving in the Wenjie series has reached 4.45 billion kilometers [1]

Group 1 - The core viewpoint of the article highlights that Chongqing Silis Phoenix Intelligent Technology Co., Ltd. has obtained a patent for a method and device based on the AutosarAP platform for dynamic loading services, with the patent announcement number CN 119496815 B and an application date of October 2024 [1] - Chongqing Silis Phoenix Intelligent Technology Co., Ltd. was established in 2023 and is located in Chongqing, primarily engaged in software and information technology services [1] - The company has a registered capital of 122,225 million RMB and has participated in one bidding project, with a total of 2,647 patent information entries and 2 administrative licenses [1]