Core Viewpoint - The company, Qianli Technology (601777.SH), announced that its total vehicle sales for January 2026 reached 7,119 units, representing a year-on-year increase of 162.79% [1] Company Summary - Qianli Technology's vehicle sales for January 2026 amounted to 7,119 units [1] - The year-on-year growth rate of 162.79% indicates a significant increase in sales compared to the previous year [1] Industry Summary - The announcement reflects a positive trend in the automotive industry, showcasing strong sales performance [1] - The substantial growth rate may suggest increasing demand for vehicles within the market [1]

证券代码：601777 证券简称：千里科技 公告编号：2026-003 | 产品名称 | | | | 生产（辆） | | | 销售（辆） | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 本月 | 本月 | 本年 | 本年累计 | 本月 | 本月 | 本年 | 本年累计 | | | | 数量 | 同比增减 | 累计 | 同比增减 | 数量 | 同比增减 | 累计 | 同比增减 | | 汽车 | 新能源 汽车 | 36 | -96.63% | 36 | -96.63% | 30 | -98.28% | 30 | -98.28% | | 整车 | 其他 车型 | 9,344 | 1075.35% | 9,344 | 1075.35% | 7,089 | 638.44% | 7,089 | 638.44% | | 合计 | | 9,380 | 403.49% | 9,380 | 403.49% | 7,119 | 162.79% | 7,119 | 162.79% | 注：1.新能源汽车销量包含由关联方生产、本公司对外 ...

千里科技公告，2026年1月 新能源汽车产量36辆，同比下降96.63%，销量30辆，同比下降98.28%；其他 车型产量9344辆，同比增长1075.35%，销量7089辆，同比增长638.44%； 汽车整车合计产量9380辆，同 比增长403.49%，销量7119辆，同比增长162.79%。 ...

格隆汇2月3日｜千里科技公告，2026年1月新能源汽车产量36辆，同比下降96.63%，销量30辆，同比下 降98.28%；其他车型产量9344辆，同比增长1075.35%，销量7089辆，同比增长638.44%；汽车整车合计 产量9380辆，同比增长403.49%，销量7119辆，同比增长162.79%。 ...

Summary of Qianli Technology Conference Call Company Overview - Qianli Technology has transitioned from a traditional motorcycle and passenger vehicle manufacturer to an AI-driven automotive technology company, introducing new shareholders such as Geely Group and rebranding itself. [4] - The company focuses on smart driving, intelligent cockpits, and Robot Taxi businesses, marking a significant strategic shift. [2] Key Developments - Qianli Technology and Geely jointly launched the "Qianli Haohan" autonomous driving solution, covering levels L2 to L4, and showcased new autonomous driving products at CES. [2][6] - The company has partnered with Cao Cao Mobility to actively develop the Robot Taxi sector. [2][6] - The intelligent cockpit has integrated an AI Agent version capable of understanding complex commands, with rapid revenue growth in new business segments, although profit scalability is still developing. [2][7] Financial Performance - Post the 2024 equity restructuring, Qianli Technology's financial situation has improved significantly, with profits rising from 24 million yuan in 2023 to 40 million yuan in 2024, and reaching 53 million yuan in the first three quarters of 2025, surpassing the total for 2024. [8] - The gross margin remains stable, and the expense ratio is well-controlled, indicating a positive outlook for new business segments as key growth drivers. [8] Industry Trends - The automotive industry is expected to focus on robotics, smart driving, high-end products, and international expansion by 2026, with significant growth anticipated in the smart driving sector. [3] - Autonomous driving technology is maturing, with notable reductions in hardware and software costs, and several regions have begun conditional testing for L3 autonomous driving. [9] Market Dynamics - The smart driving support market is dominated by OEMs and third-party suppliers, with companies like Momentan and Huawei holding 60% and 21% market shares, respectively. Qianli Technology collaborates with Geely and Chongqing Maichi to offer L2 to L4 level smart driving solutions. [11] - The penetration rate of L2 and above smart driving models reached 65.38% in 2025, with a projected global market size of approximately 300 billion yuan by 2025, expanding to 844.8 billion yuan by 2030, with China expected to account for 33.2% of the global market. [10] Robot Taxi Sector - The Robot Taxi industry is anticipated to experience significant growth in 2026, with major players including Tesla, Xiaopeng, and mobility platforms like Cao Cao Mobility. [13] - Qianli Technology plans to deploy over 1,000 Robot Taxis in 10 cities globally within the next 18 months, leveraging strategic partnerships and support from Geely Group. [14] Investment Outlook - Despite its current focus on traditional vehicle manufacturing, Qianli Technology's transformation into a technology company is expected to reshape its valuation. Revenue projections for 2025 to 2027 are estimated at 8.681 billion, 10.495 billion, and 12.415 billion yuan, respectively, with an average annual growth rate of 20%. [15]

Core Viewpoint - The report highlights significant target price increases for several listed companies from January 26 to February 1, with notable mentions including Baili Tianheng, Zexing Pharmaceutical, and Great Wall Motors, indicating strong bullish sentiment in the market for these stocks [1][2]. Target Price Increases - Baili Tianheng (688506) has a target price increase of 375.97%, with a highest target price set at 1322.00 yuan [2]. - Zexing Pharmaceutical (688266) shows a target price increase of 88.56%, with a highest target price of 166.16 yuan [2]. - Great Wall Motors (601633) has a target price increase of 83.66%, with a highest target price of 38.00 yuan [2]. - Other companies with notable target price increases include Industrial Fulian (601138) at 73.31% and CATL (300750) at 71.71% [2][3]. Broker Recommendations - A total of 265 listed companies received broker recommendations during the period, with Qingdao Bank receiving the highest number of recommendations at 8 [3][4]. - Other companies with multiple recommendations include Xian Dao Intelligent and Wancheng Group, each receiving 5 recommendations [3][4]. Rating Adjustments - Eight companies had their ratings upgraded, including Shanghai Jahwa (600315) from "Hold" to "Buy" and ZTE Corporation (000063) from "Cautious Buy" to "Buy" [5][6]. - Two companies had their ratings downgraded, including Jincheng Shares (603396) from "Buy" to "Hold" and Huasheng Group (603018) from "Buy" to "Hold" [6]. First-Time Coverage - During the same period, 75 instances of first-time coverage were reported, with notable ratings including Shaanxi Tourism (603402) receiving a "Outperform Industry" rating and Bichu Electronics (688188) receiving a "Buy" rating [7].

Investment Rating - The report assigns a "Buy" rating for the company, Qianli Technology (601777.SH), marking its first coverage [1]. Core Insights - Qianli Technology is undergoing a strategic transformation focusing on the "AI + Vehicle" core strategy, aiming to transition from a traditional manufacturer to a smart driving technology company [3][13]. - The company has partnered with Geely to launch the Qianli Haohan intelligent driving solution, which integrates various advanced driving features to meet diverse user needs [3][13]. - A strategic cooperation agreement has been signed with Cao Cao Mobility to accelerate the application of smart driving technology in the Robotaxi sector [3][13]. - Revenue projections for 2025-2027 are estimated at 86.80 billion, 104.95 billion, and 124.15 billion yuan, with corresponding net profits of 0.87 billion, 1.60 billion, and 2.46 billion yuan, indicating significant growth [3][4]. Summary by Sections Company Overview - Qianli Technology, formerly known as Lifan Technology, was established in 1992 and has undergone multiple transformations, including a shift to new energy vehicles and a recent focus on smart driving technology [3][13]. - The company has a rich history, including its listing on the Shanghai Stock Exchange in 2010 and a series of strategic partnerships and restructuring efforts [3][13]. Business Strategy - The company is focusing on three main areas: smart driving, intelligent cockpits, and Robotaxi services, aiming to leverage AI technology in its offerings [3][14]. - The strategic partnership with Geely has led to the development of the Qianli Haohan system, which includes features like memory parking and multi-level driving assistance [3][14]. Financial Performance - The company reported revenues of 6.768 billion, 7.035 billion, and projected revenues of 8.680 billion, 10.495 billion, and 12.415 billion yuan for 2023, 2024, 2025, 2026, and 2027, respectively [4][29]. - Net profits are expected to recover significantly, with projections of 0.87 billion, 1.60 billion, and 2.46 billion yuan for the same years, reflecting a strong growth trajectory [4][29]. Market Position - The company is positioned to capitalize on the growing demand for smart driving solutions, with a projected market size for intelligent driving solutions in China reaching 1,041 billion yuan by 2025 [61]. - The report highlights the increasing penetration of L2 and above driving assistance systems, indicating a robust market for Qianli Technology's offerings [52][61].

中国证监会发布《境外发行上市备案补充材料要求(2026年1月26日—2026年1月30日)》。中国证监会国 际司共对6家企业出具补充材料要求，其中，要求千里科技（601777）(601777.SH)说明公司设立境外子 公司涉及的境外投资备案程序的履行情况，以及力帆控股与奔驰数字技术协议股份过户相关手续办理进 展等事项。据港交所10月16日披露，重庆千里科技股份有限公司(简称：千里科技)向港交所主板提交上 市申请书，中金公司（601995）为独家保荐人。 中国证监会请千里科技补充说明以下事项，请律师核查并出具明确的法律意见： 一、请说明公司设立境外子公司涉及的境外投资备案程序的履行情况，并就合规性出具结论性意见。 二、请说明力帆控股与奔驰数字技术协议股份过户相关手续办理进展，以及上交所合规性确认情况。 三、关于业务经营：(1)请以通俗易懂的语言详述公司业务模式及涉及AI大模型、AI辅助驾驶系统的具 体情况，包括应用场景、具体功能等，是否涉及获取和使用地理信息数据；(2)请说明公司及下属公司 经营范围包含"数据处理和存储支持服务；社会经济咨询服务；广告设计、代理、制作、发布；房地产 开发；物业管理；企业项目投资咨 ...

智通财经APP获悉，中国证监会发布《境外发行上市备案补充材料要求(2026年1月26日—2026年1月30 日)》。中国证监会国际司共对6家企业出具补充材料要求，其中，要求千里科技(601777.SH)说明公司 设立境外子公司涉及的境外投资备案程序的履行情况，以及力帆控股与奔驰数字技术协议股份过户相关 手续办理进展等事项。据港交所10月16日披露，重庆千里科技股份有限公司(简称：千里科技)向港交所 主板提交上市申请书，中金公司为独家保荐人。 中国证监会请千里科技补充说明以下事项，请律师核查并出具明确的法律意见： 四、关于规范运作情况：(1)请按照《监管规则适用指引——境外发行上市类第2号》在法律意见书中补 充公司及境内子公司的业务情况和规范运作情况，目前仅核查说明主要子公司情况；(2)请说明公司及 境内子公司诉讼案件的最新进展，是否构成本次境外发行上市的实质性障碍；(3)请说明公司及下属公 司开发、运营网站、小程序、APP、公众号等产品情况，是否涉及向第三方提供信息内容，提供信息内 容的类型以及信息内容安全保护措施；同时说明收集及储存的用户信息规模、数据收集使用情况，上市 前后个人信息保护和数据安全的安排或措 ...

智通财经APP获悉，中国证监会发布《境外发行上市备案补充材料要求(2026年1月26日—2026年1月30 日)》。中国证监会国际司共对6家企业出具补充材料要求，其中，要求千里科技(601777.SH)说明公司 设立境外子公司涉及的境外投资备案程序的履行情况，以及力帆控股与奔驰数字技术协议股份过户相关 手续办理进展等事项。据港交所10月16日披露，重庆千里科技股份有限公司(简称：千里科技)向港交所 主板提交上市申请书，中金公司为独家保荐人。 三、关于业务经营：(1)请以通俗易懂的语言详述公司业务模式及涉及AI大模型、AI辅助驾驶系统的具 体情况，包括应用场景、具体功能等，是否涉及获取和使用地理信息数据；(2)请说明公司及下属公司 经营范围包含"数据处理和存储支持服务；社会经济咨询服务；广告设计、代理、制作、发布；房地产 开发；物业管理；企业项目投资咨询"的具体情况，是否实际开展相关业务及具体运营情况，是否已取 得必要的资质许可；(3)除上述外，公司及境内子公司经营范围和实际业务开展是否涉及限制或禁止外 商投资领域，以及本次发行上市前后是否持续符合外商投资准入政策要求。 四、关于规范运作情况：(1)请按照《监管 ...