Core Viewpoint - The chairman and vice chairman of Qianli Technology plan to reduce their holdings by up to 2% through block trading, which is seen as a move to attract potential quality investors without significantly impacting the company's governance or operations [1][2]. Shareholding and Management - The major shareholders, including the chairman Yin Qi and vice chairman Bao Yi, control Jianghehui, which holds 19.91% of Qianli Technology's shares, equivalent to 900 million shares [2][4]. - Yin Qi is the actual controller of Jianghehui, while Bao Yi is the second-largest shareholder [4]. Financial Performance - Qianli Technology reported a revenue of 6.946 billion yuan and a net profit of 53 million yuan for the first three quarters of 2025, with a net loss of 176 million yuan after excluding non-recurring gains and losses [4]. - The company produced 64,171 vehicles and sold 81,053 vehicles in the first ten months of 2025 [4]. Stock Performance and Market Reaction - The stock price of Qianli Technology has doubled within a year, rising from a low of 5.62 yuan to a high of 13.86 yuan [5]. - As of November 17, 2025, the market value of the shares held by the chairman and vice chairman exceeds 1 billion yuan [1][5]. Strategic Direction - The company is focusing on the "AI + vehicle" business transformation, aiming to leverage technology and product advantages to drive growth [4].

Group 1 - Domestic companies are continuously advancing in the Robotaxi sector, with new entrants emerging and announcing their future plans, including major manufacturers, ride-hailing platforms, and intelligent driving suppliers [1] - Key players in the domestic Robotaxi market include Luobo Kuaipao, Pony.ai, and WeRide, with significant increases in revenue and orders expected by 2024: Pony.ai's passenger fare revenue is projected to increase by over 300% year-on-year by Q2 2025, while WeRide's Robotaxi-related revenue is expected to rise by 364% in the first half of 2025, and Luobo Kuaipao's order volume is anticipated to exceed 2.2 million by Q2 2025, a year-on-year increase of 148% [1] - New entrants in the domestic market include XPeng, Momenta, Qianli Technology, Didi, Hello, and Cao Cao Mobility, all of which have publicized their future plans [1] Group 2 - In the U.S., Tesla and Waymo are accelerating their progress, with Tesla planning to operate in Austin by June 2025 and expand to Nevada, Florida, and Arizona by the end of 2025, aiming for a fleet of 1,500 vehicles by the end of 2025 and starting mass production of Cybercab in Q2 2026; Waymo's fleet size and weekly order volume are expected to double in 2025, with ongoing updates on city openings for 2026 [2] - Uber has announced its entry into the Robotaxi market, partnering with Lucid, Stellantis, NVIDIA, and Nuro, while U.S. government policies are gradually relaxing, including simplified exemption procedures [2] Group 3 - Robotaxi participants are also accelerating deployments in the Middle East, Europe, and parts of Asia, with specific locations including the UAE, Saudi Arabia, Switzerland, Luxembourg, Germany, the UK, Singapore, Japan, and South Korea; Abu Dhabi has allowed manufacturers to conduct commercial operations without a driver [3] - WeRide plans to increase its fleet in the Middle East to 1,000 vehicles by 2026, with a target of several thousand by 2030 [3]

Group 1 - The core viewpoint of the news is that Qianli Technology's stock performance and financial metrics indicate a mixed outlook, with significant financing activity and growth in revenue and profit, but also a high financing balance relative to market capitalization [1][2][3] Group 2 - As of November 17, Qianli Technology's stock price decreased by 0.71%, with a trading volume of 315 million yuan. The net financing purchase on that day was 99,800 yuan, with a total financing and securities lending balance of 1.567 billion yuan [1] - The financing balance of Qianli Technology is 1.564 billion yuan, accounting for 3.10% of its circulating market value, which is above the 90th percentile of the past year, indicating a high level of financing [1] - On the securities lending side, Qianli Technology repaid 4,100 shares and sold 2,700 shares on November 17, with a remaining securities lending balance of 296,450 yuan, which is below the 40th percentile of the past year, indicating a low level of securities lending [1] - For the period from January to September 2025, Qianli Technology achieved operating revenue of 6.946 billion yuan, a year-on-year increase of 44.27%, and a net profit attributable to shareholders of 53.2794 million yuan, a year-on-year increase of 33.37% [2] - The company has distributed a total of 1.406 billion yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3] - As of September 30, 2025, the number of shareholders of Qianli Technology increased by 7.96% to 63,100, while the average circulating shares per person decreased by 7.37% to 71,672 shares [2][3] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fifth largest, holding 66.3516 million shares, an increase of 18.6621 million shares compared to the previous period [3]

Market Overview - The motorcycle and other sectors experienced a decline of 2.56% on November 17, with Ninebot Company leading the drop [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance - Notable gainers included Shanghai Phoenix (up 2.15% to 14.23), Zhenghe Industrial (up 1.96% to 69.68), and New Day Co. (up 1.45% to 14.71) [1] - Significant decliners included Ninebot Company (down 6.43% to 56.06), Chuncheng Power (down 4.71% to 230.95), and Jiangsu Qianjiang Motorcycle (down 1.98% to 15.88) [3] Capital Flow - The motorcycle and other sectors saw a net outflow of 291 million yuan from main funds, while retail investors contributed a net inflow of 173 million yuan [3][4] - New Day Co. had a main fund net inflow of 7.74 million yuan, while Shanghai Phoenix experienced a net outflow of 705.38 million yuan from speculative funds [4]

Core Viewpoint - Jianghehui, a major shareholder of Qianli Technology, plans to reduce its stake by up to 90.42 million shares, representing 2% of the company's total share capital, through block trading to attract potential quality investors [1][2]. Group 1: Shareholder Reduction Plan - Jianghehui holds 900 million shares of Qianli Technology, accounting for 19.91% of the total share capital [1]. - The reduction plan will be implemented within three months after the announcement, starting 15 trading days post-disclosure [1]. - Jianghehui will not conduct any reductions through centralized bidding during this period [1]. Group 2: Company Financial Performance - Qianli Technology reported a total revenue of 6.946 billion yuan for the first three quarters of the year, a year-on-year increase of 44.27% [3]. - The net profit attributable to shareholders for the same period was 53.28 million yuan, up 33.37% year-on-year, while the non-recurring net profit showed a loss of 176 million yuan [3]. - The increase in net profit is attributed to higher government subsidies and foreign exchange gains [3]. Group 3: Sales and Production Data - In the first ten months of the year, Qianli Technology sold a total of 81,053 vehicles, marking a year-on-year growth of 97.97% [3]. - The company sold 2,090 new energy vehicles in October, a year-on-year increase of 15.34%, with cumulative sales of 28,577 new energy vehicles for the year, up 62.07% [3]. - The total vehicle production for the same period was 6,517 units [3].

Group 1 - Company Shikong Technology plans to reduce its holdings by no more than 0.29% of its shares, equivalent to 29,070 shares, starting from December 8, 2025 [1] - Company Rongbai Technology has been designated as the first supplier of sodium-ion battery cathode materials for CATL, with a commitment to purchase at least 60% of its total procurement volume annually [1] - Company Xinnong plans to reduce its holdings by no more than 300,000 shares, representing 0.19% of its total shares, within three months from 15 trading days after the announcement [1][2] Group 2 - Company Zhenai Meijia's controlling shareholder has signed an agreement for share transfer, with no asset restructuring plans for the next 12 months [1] - Company Guochuang High-tech plans to reduce its holdings by no more than 1% of its shares, equivalent to 9,163,300 shares, starting from December 9, 2025 [1] - Company Jiuyang clarifies that it does not engage in food and beverage businesses, focusing solely on small household appliances [6][7] Group 3 - Company Furui's subsidiary has reported a net loss of approximately 30.32 million yuan in the first three quarters, with no expansion plans due to uncertainties in the lithium battery industry [8] - Company Annada has elected Li Chongjun as the chairman of its board [10] - Company Maihe's chairman is under investigation and has been placed under detention [12] Group 4 - Company Luoping Zinc Electric's subsidiary has resumed production at its Jinpo lead-zinc mine after obtaining new mining licenses [13] - Company Hengxing Technology has obtained mining rights for its Longtoushan gold mine [14] - Company Qianli Technology plans to reduce its holdings by no more than 2% of its shares, equivalent to 90,422,000 shares, starting from December 8, 2025 [15] Group 5 - Company Fudan Microelectronics' largest shareholder will change to Guosheng Investment after a share transfer agreement [16] - Company Zhongsheng Pharmaceutical is advancing several clinical trials for innovative drug projects, which carry uncertainties regarding approval and market competition [18] - Company Gaoling Information's shareholders plan to collectively reduce their holdings by no more than 1.49% of the shares [20] Group 6 - Company Chuangye Huikang is in the process of planning a change of control, with uncertainties regarding the implementation of related agreements [21] - Company GAC Group has appointed He Xianqing as the new general manager, succeeding Feng Xingya [22] - Company Heshun Petroleum plans to acquire at least 34% of Kuixin Technology and control 51% of its voting rights [23][24] Group 7 - Company Yifeng Pharmacy's executives plan to reduce their holdings by a total of no more than 213,900 shares due to personal financial needs [26][27]

Core Viewpoint - The company, Chongqing Qianli Technology Co., Ltd., is announcing a share reduction plan by its major shareholder, Jianghehui, which aims to sell up to 90,422,002 shares, representing 2% of the total share capital, through block trading to potential quality investors [3][5][10]. Shareholder Holding Situation - As of the announcement date, Jianghehui holds 900,000,000 shares of the company, accounting for 19.91% of the total share capital [2]. Reduction Plan Details - Jianghehui plans to reduce its holdings by up to 90,422,002 shares, which is 2% of the total share capital, through block trading within three months after the announcement is disclosed [3][5]. - During the reduction period, Jianghehui will not engage in centralized bidding for the sale of shares [3][5]. Shareholder Background - The reducing shareholder, Jianghehui, does not have any concerted actions with other parties [4]. Compliance and Commitments - Jianghehui had previously committed not to transfer the 900,000,000 shares acquired for a period of thirty-six months from the date of registration [7]. - The current reduction plan is consistent with the prior commitments made by Jianghehui [9]. Regulatory Compliance - The reduction plan complies with relevant regulations set by the Shanghai Stock Exchange and other legal frameworks [10].

Core Viewpoint - Chongqing Jianghehui Enterprise Management Co., Ltd. plans to reduce its stake in Qianli Technology by up to 90,422,002 shares, representing 2% of the company's total share capital, through block trading from December 8, 2025, to March 7, 2026, to attract potential quality investors [2] Summary by Category - **Share Reduction Details** - The planned share reduction is up to 90,422,002 shares, which is 2% of the total share capital of Qianli Technology [2] - The reduction period is set from December 8, 2025, to March 7, 2026 [2] - **Reason for Reduction** - The primary reason for the share reduction is to introduce potential quality investors [2] - **Trading Method** - The reduction will be executed through block trading, and no shares will be sold via centralized bidding during the reduction period [2]

重庆千里科技股份有限公司 持股 5%以上股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 截至本公告披露日，重庆千里科技股份有限公司（以下简称"公司"）股 东重庆江河汇企业管理有限责任公司（以下简称"江河汇"）持有公司无限售条 件流通股份 900,000,000 股，占公司总股本的 19.91%。 证券代码：601777 证券简称：千里科技 公告编号：2025-093 (一)相关股东是否有其他安排 □是 √否 (二)股东此前对持股比例、持股数量、持股期限、减持方式、减持数量、减持价 格等是否作出承诺 √是 □否 减持计划的主要内容 公司近日收到持股 5%以上股东江河汇出具的《股东减持计划告知函》，其 拟通过大宗交易方式向潜在优质投资人定向减持公司股份不超过 90,422,002 股 （占公司总股本的 2%）；本次减持计划自本公告对外披露 15 个交易日后的三个 月内实施；在减持计划实施期间，江河汇不会通过集中竞价方式进行减持。 | 股东名称 | 重庆江河汇企业管 ...

Core Viewpoint - The company, Qianli Technology (601777.SH), announced a share reduction plan by a major shareholder, Jianghehui, intending to sell up to 90.422 million shares, representing 2% of the total share capital [1] Summary by Relevant Sections - **Shareholder Reduction Plan** - Jianghehui, a shareholder holding more than 5% of the company, plans to reduce its stake through block trading [1] - The reduction will not exceed 90.422 million shares, which is 2% of the company's total share capital [1] - The implementation of this reduction plan will occur within three months after the announcement, starting 15 trading days post-disclosure [1] - During the reduction period, Jianghehui will not engage in any centralized bidding for share sales [1]