Group 1: H-Share Issuance and Listing - Company is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance global strategy and international brand image [1] - The issuance requires approval from the shareholders' meeting and must comply with regulatory procedures from the China Securities Regulatory Commission and the Hong Kong Stock Exchange [1] - Specific details regarding the issuance are still under discussion with relevant intermediaries, and the success of the issuance remains uncertain [1] Group 2: Financial Performance - In the first half of 2025, the company reported revenue of 4.184 billion, a year-on-year increase of 40.04%, and a net profit attributable to shareholders of 31 million, up 19.00% [2] - For 2024, the company achieved revenue of 7.035 billion, a growth of 3.94%, with a net profit of 40 million, reflecting a significant increase of 65.28% [2] - The net profit excluding non-recurring gains and losses for 2024 was -6.8 million, an improvement from -13.5 million in 2023 [2] - The net cash flow from operating activities for 2024 was 525 million, compared to -239 million in 2023, indicating a substantial improvement [2] Group 3: Leadership Changes - In 2024, the company appointed Yin Qi as the new chairman, replacing Zhou Zongcheng [3] - Yin Qi has a strong educational background in computer science and previously founded a prominent AI company [3] - The company officially changed its name from "Lifan Technology (Group) Co., Ltd." to "Chongqing Qianli Technology Co., Ltd." in February 2025, with the stock name changing to "Qianli Technology" [3]

Group 1 - The core point of the news is that Qianli Technology's stock price dropped by 5.25% to 12.10 CNY per share, with a trading volume of 593 million CNY and a turnover rate of 1.05%, resulting in a total market capitalization of 54.705 billion CNY [1] - Qianli Technology, established on December 1, 1997, and listed on November 25, 2010, is primarily engaged in the research, production, and sales of passenger vehicles (including new energy vehicles), motorcycles, engines, and general gasoline engines, as well as financial investments [1] - The company's revenue composition shows that manufacturing accounts for 98.14%, real estate for 0.99%, and other activities for 0.87% [1] Group 2 - From the perspective of fund holdings, one fund under Wan Jia Fund has Qianli Technology as a significant investment, with the Wan Jia CSI 1000 Index Enhanced A Fund holding 1.6363 million shares, representing 0.58% of the fund's net value, ranking as the seventh largest holding [2] - The Wan Jia CSI 1000 Index Enhanced A Fund has a total scale of 1.108 billion CNY and has achieved a year-to-date return of 32.41%, ranking 1491 out of 4222 in its category [2] - The fund has a one-year return of 74.39%, ranking 1173 out of 3805, and a cumulative return since inception of 163.27% [2]

Group 1 - The core point of the news is that Qianli Technology's stock price has dropped by 5.25% to 12.10 CNY per share, with a total market capitalization of 54.705 billion CNY as of the report date [1] - Qianli Technology, established on December 1, 1997, and listed on November 25, 2010, primarily engages in the research, production, and sales of passenger vehicles (including new energy vehicles), motorcycles, engines, and general gasoline engines, along with financial investments [1] - The company's revenue composition shows that manufacturing accounts for 98.14%, real estate for 0.99%, and other sources for 0.87% [1] Group 2 - From the perspective of fund holdings, one fund under ICBC Credit Suisse has Qianli Technology as a significant holding, with a reduction of 29,000 shares in the second quarter, leaving 88,100 shares, which represents 1% of the fund's net value [2] - The fund, ICBC CSI 1000 Index Enhanced A (016942), has a total scale of 31.2744 million CNY and has achieved a year-to-date return of 41.01%, ranking 959 out of 4222 in its category [2] - The fund has a one-year return of 88.17%, ranking 822 out of 3805, and a since inception return of 34.13% [2]

(作者：焦文娟编辑：吴晓宇) 在银河M9上市发布会后，吉利汽车集团CEO淦家阅对21世纪经济报道等媒体表示，围绕智能驾驶的战 略布局，吉利已与千里科技（601777）共同成立合资公司——千里智驾。根据规划，合资公司的股权架 构为吉利、千里科技与迈驰各持股30%，路特斯持股5%。他进一步透露："未来，我们将在千里智驾之 下设立一家名为'千里浩瀚'的公司。穿透下来，吉利的持股比例超过60%。这专门为吉利提供辅助驾驶 服务。" ...

重庆千里科技股份有限公司 2025 年第五次临时股东会 会议资料 二○二五年九月 重庆千里科技股份有限公司 2025 年第五次临时股东会会议资料 重庆千里科技股份有限公司 2025 年第五次临时股东会 会议议程 现场会议时间：2025 年 9 月 29 日（星期一）14:00 网络投票时间：2025 年 9 月 29 日（星期一）9:15-9:25，9:30-11:30，13:00-15:00 现场会议地点：重庆市北碚区蔡家岗镇凤栖路 16 号公司总部大楼 11 楼会议室 召集人：公司董事会 主持人：董事长印奇先生 会议议程： 一、主持人宣布会议开始，介绍会议出席、列席情况 二、推举计票人、监票人 三、审议议案 | 序号 | 非累积投票议案 | 特别说明 | | --- | --- | --- | | 1 2 3 4 | 《关于公司申请首次公开发行境外上市股份（H 股）并 股）并 《关于公司申请首次公开发行境外上市股份（H 《关于公司转为境外募集股份有限公司的议案》 | | | | 在香港联合交易所有限公司主板上市的议案》 | | | | 在香港联合交易所有限公司主板上市方案的议案》 | | | | | 特别 ...

Market Overview - On September 18, the motorcycle and other sectors experienced a decline of 0.13%, with Chunjin Power leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] Stock Performance - Notable stock performances included: - Taotao Industry (301345) rose by 9.44% to close at 242.51 with a trading volume of 30,900 lots and a turnover of 749 million [1] - Qianli Technology (601777) increased by 7.49% to 12.77 with a trading volume of 1,353,100 lots and a turnover of 172.6 million [1] - Chunjin Power (603129) fell by 4.22% to 278.07 with a trading volume of 40,400 lots and a turnover of 1.161 billion [2] Capital Flow - The motorcycle and other sectors saw a net outflow of 246 million from main funds, while retail investors contributed a net inflow of 136 million [2] - The capital flow for specific stocks showed: - Qianli Technology had a main fund net inflow of 101 million, while retail saw a net outflow of 43.32 million [3] - Aima Technology (603529) experienced a main fund net inflow of 15.46 million, with retail investors contributing a net inflow of 171.18 million [3]

Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook for its stock performance in the near term [6]. Core Views - The company has shown significant growth in revenue and net profit in the first half of 2025, with revenue reaching 4.184 billion yuan, a 40% year-on-year increase, and net profit attributable to shareholders at 31 million yuan, a 19% increase [3][4]. - The company is undergoing a strategic transformation towards "AI + Vehicle," which has led to increased R&D investments, particularly in smart automotive cockpit systems [3][4]. - The company is planning to issue H shares for listing on the Hong Kong Stock Exchange, which is expected to enhance its international brand image and expand financing channels [5]. Financial Performance - The company achieved a revenue of 4.184 billion yuan in H1 2025, with a year-on-year growth of 40% driven by increased sales in automotive and motorcycle segments [3]. - The net profit attributable to shareholders was 31 million yuan, reflecting a 19% increase, although the non-recurring profit showed a decline due to increased R&D expenses and asset impairment losses [3][4]. - The company forecasts revenues of 8.763 billion yuan, 10.531 billion yuan, and 12.700 billion yuan for 2025, 2026, and 2027 respectively, with corresponding growth rates of 24.56%, 20.17%, and 20.60% [6][10]. R&D and Technological Advancements - The company has made significant progress in smart driving and intelligent cockpit technologies, launching the "Qianli Smart Driving 1.0" solution and planning future releases of advanced driving systems [4]. - The establishment of a joint venture for smart driving solutions with Geely has led to the successful integration of their systems into multiple production models [4]. Future Outlook - The company is expected to continue its growth trajectory, with net profit projections of 87 million yuan, 171 million yuan, and 239 million yuan for 2025, 2026, and 2027 respectively, indicating substantial growth potential [6][10].

Company Overview - Qianli Technology Co., Ltd. is located in Beibei District, Chongqing, established on December 1, 1997, and listed on November 25, 2010. The company primarily engages in the research, production, and sales (including exports) of passenger vehicles (including new energy vehicles), motorcycles, engines, and general gasoline engines, as well as financial investments. The revenue composition is 98.14% from manufacturing, 0.99% from real estate, and 0.87% from other sources [1]. Stock Performance - On September 17, Qianli Technology's stock rose by 2.07%, reaching a price of 11.82 yuan per share, with a trading volume of 392 million yuan and a turnover rate of 0.75%. The total market capitalization is 53.439 billion yuan [1]. - Year-to-date, the stock price has increased by 54.51%, with a 5-day increase of 5.72%, a 20-day increase of 5.16%, and a 60-day increase of 32.36% [1]. Financial Performance - For the first half of 2025, Qianli Technology achieved an operating income of 4.184 billion yuan, representing a year-on-year growth of 40.04%. The net profit attributable to shareholders was 31.1708 million yuan, up by 19.00% year-on-year [2]. Shareholder Information - As of June 30, 2025, the number of shareholders is 58,400, a decrease of 12.63% from the previous period. The average number of circulating shares per person is 77,377, an increase of 14.46% [2]. - The company has cumulatively distributed 1.406 billion yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3]. Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited is the sixth-largest circulating shareholder, holding 47.6895 million shares, a decrease of 10.628 million shares compared to the previous period [3].

Core Viewpoint - Qianli Technology (601777) is planning to issue H-shares to enhance its global strategy and international brand image, which will further promote its overseas business development [1][3]. Group 1: H-Share Listing Plans - The company is currently planning to issue H-shares and list on the Hong Kong Stock Exchange to deepen its global strategy and accelerate overseas business development [1][3]. - Qianli Technology is actively discussing the relevant work for this issuance with intermediary institutions, and specific details are yet to be determined [1]. Group 2: Business Performance - In the first half of 2025, Qianli Technology achieved a revenue of 4.184 billion yuan, representing a year-on-year growth of 40.04%, and a net profit attributable to shareholders of 31.17 million yuan, up 19% year-on-year [4]. - The company reported significant growth in sales for both its automotive and motorcycle businesses, with automotive sales reaching 11,067 units in August 2025, a year-on-year increase of 168.55% [4][6]. - Cumulatively, from January to August 2025, the total sales reached 60,017 units, reflecting a year-on-year growth of 85.8% [4][6].

Core Viewpoint - Qianli Technology is planning to issue H-shares for overseas listing on the Hong Kong Stock Exchange to enhance its global strategy, accelerate overseas business development, and improve its international brand image while considering shareholder interests and market conditions [2] Financial Performance - In the first half of the year, Qianli Technology reported a revenue of 4.184 billion yuan, a year-on-year increase of 40.04% [2] - The net profit attributable to shareholders was 31.17 million yuan, reflecting a year-on-year growth of 19% [2] Sales Performance - In August, Qianli Technology sold 11,067 vehicles, marking a year-on-year increase of 168.55% [2] - Cumulatively, the company sold 60,017 vehicles this year, representing a year-on-year growth of 85.8% [2] - The sales of new energy vehicles in August were 1,536 units, showing a year-on-year decline of 15.93% [2] - Year-to-date, the sales of new energy vehicles reached 22,064 units, with a year-on-year increase of 61.27% [2]