Core Viewpoint - Qianli Technology (601777.SH) announced plans for an initial public offering (IPO) of H-shares and listing on the Hong Kong Stock Exchange, marking a strategic shift towards smart automotive and AI technology under the leadership of co-founder Yin Qi starting November 2024 [1] Financial Performance - In the first half of 2025, the company achieved operating revenue of 4.184 billion yuan, representing a year-on-year growth of 40.04%, primarily driven by increased sales in the automotive and motorcycle sectors [1] - The company reported a non-recurring net profit loss of 134 million yuan, which expanded by 903.91% year-on-year [1] - Research and development expenses significantly increased by 59.67%, indicating a strong focus on innovation and technology development [1] - Asset impairment losses amounted to 145 million yuan during the reporting period [1] Cash Flow and Government Support - The company's cash flow from operating activities showed significant improvement, with a net inflow of 1.315 billion yuan, a year-on-year increase of 396.29%, largely due to improved revenue collection and government subsidies received [1]

Core Viewpoint - Qianli Technology (601777.SH) announced plans for an initial public offering (IPO) of H-shares on the Hong Kong Stock Exchange, with a strategic shift towards smart automotive and AI technology under the leadership of co-founder Yin Qi starting November 2024 [1] Financial Performance - In the first half of 2025, the company achieved operating revenue of 4.184 billion yuan, representing a year-on-year growth of 40.04%, primarily driven by increased sales in the automotive and motorcycle sectors [1] - The net profit attributable to the parent company, excluding non-recurring gains and losses, recorded a loss of 134 million yuan, which is a significant year-on-year increase of 903.91% in losses [1] - Research and development expenses surged by 59.67%, indicating a strong focus on innovation and technology development [1] - The company reported an asset impairment loss of 145 million yuan during the reporting period [1] Cash Flow and Government Support - Operating cash flow showed significant improvement, with a net inflow of 1.315 billion yuan, marking a year-on-year increase of 396.29%, largely due to improved revenue collection and government subsidies received [1]

Core Viewpoint - Qianli Technology is planning to issue H-shares for its initial public offering (IPO) in Hong Kong to enhance its global strategy, accelerate overseas business development, and improve its international brand image [1][2]. Group 1: IPO Details - The company plans to issue no more than 15% of its total share capital post-IPO, excluding any over-allotment options [2]. - The funds raised will be used for AI strategy implementation, enhancing R&D capabilities, upgrading AI products, integrating supply chain resources, and expanding sales and service networks [1][3]. Group 2: Strategic Context - The move to go public in Hong Kong aligns with the trend of domestic automotive brands seeking international visibility and competitiveness [4]. - Qianli Technology's recent strategic shift focuses on "AI + vehicle" integration, with a strong emphasis on smart driving and intelligent cockpit technologies [5][6]. Group 3: Financial Performance - As of mid-2023, Qianli Technology reported total assets of 22.396 billion and total liabilities of 10.834 billion, resulting in a debt-to-asset ratio of 48.37% [3]. - The company achieved a revenue of 4.184 billion in the first half of the year, marking a year-on-year increase of 40.04%, with a net profit of 31.17 million, up 19% [6]. - In the first eight months of the year, the company sold approximately 60,000 vehicles, reflecting a year-on-year growth of 85.80% [6].

Group 1 - The company, formerly known as Lifan Technology, was established in 1992 and became the first private passenger car enterprise listed on the Shanghai Stock Exchange in 2010 [1] - In February 2025, the company officially changed its name to "Qianli Technology," marking a new phase of development focused on intelligence and internationalization [1] - The core strategy of the company is centered around "AI + Vehicle," aiming to innovate its industrial development model and create a global smart mobility technology brand [1] Group 2 - The company's core business is divided into two main segments: terminal business and technology business, covering motorcycles and automobiles [1] - The terminal business includes motorcycle brands "Lifan" and "Paifang," as well as the new energy vehicle brand "Ruilan," forming a diversified product matrix [1] - The technology business focuses on developing industry-leading smart driving and smart cockpit solutions, establishing an AI intelligent travel open platform [1] Group 3 - The company is actively discussing the issuance and listing process with relevant intermediaries, considering shareholder interests and market conditions [1] - The company plans to complete the issuance and listing at an appropriate time within the validity period of the shareholders' meeting resolution [1]

Core Viewpoint - The company plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and competitiveness [3]. Group 1: Company Announcement - On September 12, 2025, the company will hold a board meeting to review the proposal for the initial public offering of H-shares [1]. - The company is currently discussing the relevant work for the issuance and listing with intermediaries, but specific details have not yet been determined [3]. - The issuance and listing are subject to approval from the shareholders' meeting and regulatory bodies, including the China Securities Regulatory Commission [3]. Group 2: Financial Performance - In the first half of 2025, the company achieved total revenue of 4.184 billion yuan, a year-on-year increase of 40.04% [4]. - The net profit attributable to shareholders was 31.17 million yuan, up 19.00% year-on-year, while the non-recurring net profit showed a loss of 134 million yuan compared to a profit of 16.61 million yuan in the same period last year [4]. - The growth in revenue is primarily driven by increased sales in the automotive and motorcycle sectors [4]. Group 3: Production and Sales Data - In August 2025, the company produced 1,144 new energy vehicles, a year-on-year increase of 113.83%, with cumulative production reaching 9,002 units, up 133.58% [4]. - Sales of new energy vehicles in August were 1,536 units, a year-on-year decrease of 15.93%, while cumulative sales reached 22,100 units, an increase of 61.27% [4]. - Overall, the total production in August was 10,000 units, a year-on-year increase of 234.86%, and total sales were 11,100 units, up 168.55% year-on-year [4].

Core Viewpoint - Qianli Technology (601777.SH) is planning to issue H-shares for the first time and list on the main board of the Hong Kong Stock Exchange to enhance its global strategy and international brand image [1] Group 1 - The company aims to deepen its globalization strategy and accelerate overseas business development [1] - The initiative is expected to further enhance the company's core competitiveness [1]

Core Viewpoint - The company, Qianli Technology (601777.SH), is planning to issue H-shares for its initial public offering (IPO) to enhance its global strategy and accelerate overseas business development [1] Group 1 - The company aims to deepen its global strategic layout [1] - The IPO is intended to improve the company's international brand image [1] - The initiative is expected to further enhance the company's core competitiveness [1]

附：职工董事简历 徐焕春，男，1980 年 2 月出生，毕业于西南政法大学经济法专业。曾任重 庆千里科技股份有限公司办公室副主任、摩托车采购中心副主任、力帆越南摩托 车制造联营公司总经理、汽车采购中心常务副主任、战略规划中心副总经理、浙 江余姚吉润汽车部件有限公司运营总监、宁波梅山吉润汽车部件有限公司总经办 主任、重庆千里科技股份有限公司运营管理部总监等职务；现任重庆千里科技股 份有限公司党委委员、重庆力帆内燃机有限公司总经理、河南力帆树民车业有限 公司董事、重庆力帆速骓进出口贸易有限公司董事、总经理。 本公司监事会及全体监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。 重庆千里科技股份有限公司（以下简称 "公司"）召开第六届职工代表大会 选举徐焕春先生为公司第六届董事会职工董事。因新增职工董事会导致公司董事 会成员中独立董事人数低于《上市公司独立董事管理办法》等法律法规、规范性 文件规定的最低比例要求，故该职工董事的任职将自公司 2025 年第五次临时股 东会审议通过增补独立董事的议案之日起生效，任期至公司第六届董事会届满之 日止。 上述职工董 ...

证券代码：601777 证券简称：千里科技 公告编号：2025-072 重庆千里科技股份有限公司 2025年第五次临时股东会 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 29 日 14 点 00 分 关于召开2025年第五次临时股东会的通知 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： 一、召开会议的基本情况 (一)股东会类型和届次 召开地点：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 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 9 月 29 日 至2025 年 9 月 29 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互 联网投票平台的投票时间 ...

证券代码：601777 证券简称：千里科技 公告编号：2025-067 重庆千里科技股份有限公司 第六届董事会第二十五次会议决议公告 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。 一、董事会会议召开情况 重庆千里科技股份有限公司（以下简称"公司"）第六届董事会第二十五次会议 于 2025 年 9 月 12 日（星期五）以通讯表决方式召开。本次会议通知及议案等文件 已于 2025 年 9 月 9 日以网络方式送达各位董事，会议应出席董事 9 名，实际出席董 事 9 名。本次会议的召集和召开符合有关法律、行政法规、部门规章、规范性文件和《公 司章程》的规定。 二、董事会会议审议情况 会议审议并通过了以下议案： （一）《关于公司申请首次公开发行境外上市股份（H 股）并在香港联合交易 所有限公司主板上市的议案》 表决结果：9 票同意，0 票反对，0 票弃权，0 票回避。 董事会同意公司申请首次公开发行境外上市股份（H 股）并在香港联合交易所 有限公司（以下简称"香港联交所"）主板上市（以下简称"本次发行上市"）。 根据《中华人民共和 ...