Core Viewpoint - The company, Wantong Intelligent Control, has signed an exclusive sales and cooperation agreement with Shanghai Shenming Aosi Semiconductor Technology Co., Ltd. to produce and sell boards based on the Fellow1 chip in the field of embodied intelligence [1][2]. Group 1: Agreement Details - The agreement allows Wantong Intelligent Control to manufacture and sell boards using the Fellow1 chip, with procurement based on sales performance and market expectations [1]. - Wantong Intelligent Control must inform Shenming Aosi before initiating any design projects with clients, and both parties will share a customer coding system [1][2]. - The exclusive authorization period is set for five years, with the possibility of renewal or termination six months prior to expiration [2]. Group 2: Industry Context and Future Plans - The intelligent driving and robotics industries are experiencing significant growth, prompting leading automotive companies to explore robotics [2]. - Wantong Intelligent Control aims to leverage its strengths in large model chips, sensors, and sales channels to accelerate product deployment in the field of embodied intelligence [2]. - The company has set development goals for the next three years, focusing on digital and intelligent products, optimizing product structure, and expanding into the embodied intelligence perception field [3]. Group 3: Financial Performance - In the first half of the year, Wantong Intelligent Control reported a net profit of 87.75 million to 99.86 million yuan, representing a year-on-year growth of 45% to 65% [3]. - The increase in profit is attributed to product structure optimization and a higher proportion of high-margin sensor and digital information control device businesses [4]. - The growth in the passenger vehicle TPMS business is driven by the expanding aftermarket replacement market, while the commercial vehicle market shows stable demand [4].

Major Events - Xizang Tianlu announced that its convertible bond "Tianlu Convertible Bond" experienced significant abnormal trading fluctuations, with a cumulative closing price increase of over 100% from July 21 to July 29, 2025, closing at 481.80 yuan per bond, representing a premium of 381.80% over the face value and a conversion premium rate of 16.60% [1] - Huqin Technology plans to acquire 6% of Jinghe Integrated's shares for 2.393 billion yuan, purchasing 120 million shares at a price of 19.88 yuan per share, marking its first stake in the company [2] - Liyuan Technology's actual controller, Shen Wanzhong, received a criminal judgment for violating information disclosure regulations, sentenced to one year in prison with a one and a half year probation, and fined 3.3 million yuan, but this will not significantly impact the company's operations [3] - Huashi Technology announced the lifting of detention measures against its actual controller and general manager, Ye Jianbiao, allowing him to resume his duties [4] - Dongfang Materials' chairman, Xu Guangbin, resigned due to personal reasons but will continue as a board member [5] - WuXi AppTec adjusted its share repurchase price limit from 90.72 yuan to 114.15 yuan per share [6] Performance Overview - Greenland Holdings reported a contract sales amount of 21.752 billion yuan in Q2 2025, a year-on-year increase of 16.93%, with a total sales area of 2.217 million square meters, up 31.03% from the previous year [7] - Lujiazui's H1 2025 net profit was 815 million yuan, a decrease of 7.87%, despite a revenue increase of 33.91% to 6.598 billion yuan [8] - Hongfa Co. achieved a net profit of 964 million yuan in H1 2025, a year-on-year increase of 14.19%, with revenue of 8.347 billion yuan, up 15.43% [9] - Nanya New Materials expects a net profit of 80 million to 95 million yuan in H1 2025, representing a year-on-year increase of 44.69% to 71.82% due to increased sales and improved product structure [9] - Sains expects a net profit decline of 57.53% to 60.13% in H1 2025, with revenue between 410 million and 440 million yuan, a year-on-year increase of 15.17% to 23.59% [9] - Baotai anticipates a net loss of 110 million to 140 million yuan in H1 2025, a reduction in losses compared to the previous year, attributed to increased sales of a specific product and reduced R&D expenses [9] Major Contracts - China CNR announced the signing of several major contracts totaling approximately 32.92 billion yuan, accounting for 13.4% of its projected revenue for 2024 [10] - Wantong Zhikong signed an exclusive authorization agreement with Shanghai Shenming Aosi Semiconductor Technology for the sales and cooperation in the field of embodied intelligence [11] - Anhui Construction won a bid for a highway concession project in Chongqing, with an estimated total investment of 3.614 billion yuan [11] Shareholding Changes - Jiahe Meikang's shareholder, Guoshou Chengda, plans to reduce its stake by up to 3% through various trading methods [12] - Lanfeng Biochemical's shareholder, Hainan Wenqin, intends to reduce its stake by up to 2.61% [12]

Group 1 - Anhui Construction won a joint bid for the Chongqing Rongchang to Sichuan Zigong expressway project, with a total estimated investment of 3.614 billion yuan and a construction period of 3 years [1] - Hongfa Co. reported a net profit of 964 million yuan for the first half of 2025, a year-on-year increase of 14.19%, with revenue of 8.347 billion yuan, up 15.43% [1][2] - Lujiazui's net profit for the first half of 2025 was 815 million yuan, a decrease of 7.87%, despite a revenue increase of 33.91% to 6.598 billion yuan [3] - Enhua Pharmaceutical achieved a net profit of 700 million yuan, up 11.38%, with revenue of 3.010 billion yuan, an increase of 8.93% [4][5] - China CNR signed several major contracts totaling approximately 32.92 billion yuan, covering various sectors including urban rail vehicles and wind power equipment [6] - WanTong Intelligent signed an exclusive sales and cooperation agreement in the embodied intelligence field, gaining global sales rights for specific chip-based products [7][8] Group 2 - Liansheng Technology's subsidiary received a government subsidy of 13.5 million yuan, accounting for 12.24% of the company's latest audited net profit [9] - Guobang Pharmaceutical reported a net profit of 456 million yuan, a year-on-year increase of 12.60%, with revenue of 3.026 billion yuan, up 4.63% [10] - Baotai expects a net loss of 110 to 140 million yuan for the first half of 2025, a reduction in loss compared to the previous year [11] - Sains expects a net profit decrease of 57.53% to 60.13%, with projected revenue growth of 15.17% to 23.59% [12] - Nanya New Materials anticipates a net profit of 80 to 95 million yuan for the first half of 2025, an increase compared to the previous year [13] - Tian Pharmaceutical's subsidiary passed the consistency evaluation for a peritoneal dialysis solution [14] Group 3 - Shede Liquor announced the resignation of director Ni Qiang due to work reasons [15] - Greentown Water plans to transfer assets and liabilities of its ASEAN subsidiary to improve resource allocation [16] - Beibu Gulf Port's subsidiary signed an associated transaction contract worth 11.199 million yuan [17] - Beibu Gulf Port announced multiple resignations of directors and executives [18] - Jidian Co. reported the resignation of its deputy general manager due to work changes [19] - Wanhua Chemical's industrial park in Fujian resumed production after maintenance [20] Group 4 - Shanghai Pharmaceuticals received approval for a clinical trial of a new indication for its B019 injection [21] - Jianbang Co. reported a net profit of 69.66 million yuan, a decrease of 27.72%, with revenue of 307 million yuan, down 15.37% [23] - Jianbang Co. plans to use up to 400 million yuan of idle funds for cash management [25] - Wanfu Bio's subsidiary obtained multiple medical device registrations [28] - Hunan Tianyan announced a change in its controlling shareholder to China Chang'an Automobile Group [29][30] - Xizhuang Co. plans to establish a joint venture for sustainable aviation fuel [32]

Core Viewpoint - Wantech Intelligent Control Technology Co., Ltd. has signed an exclusive authorization agreement with Shanghai Shenming Aosi Semiconductor Technology Co., Ltd. to manufacture and sell boards based on the Fellow 1 chip globally for a period of five years [1] Group 1: Partnership Details - The collaboration involves procurement of chips and sharing of customer coding systems [1] - Shenming Aosi will provide technical support and training to Wantech Intelligent Control [1] Group 2: Business Impact - This partnership is expected to accelerate product deployment in the field of embodied intelligence [1] - Wantech anticipates a positive impact on its operations as a result of this collaboration [1]

公告称，通过本次独家授权协议的签署，凭借双方在大模型芯片领域、传感器领域，以及销售渠道等方 面的优势，有利于更快实现在具身智能相关领域的产品落地。 根据合同，甲方授权乙方在具身智能大模型域控领域制作并独家销售基于甲方的大模型芯片Fellow 1制 作的板卡。现定的独家授权期限为5年，自原合同签订之日起算。 智通财经APP讯，万通智控(300643.SZ)公告，公司(乙方)与上海深明奥思半导体科技有限公司(简称"深 明奥斯"、甲方)签订了《板卡具身智能领域独家授权销售及合作合同》。 ...

万通智控(300643.SZ)公告称，公司与上海深明奥思半导体科技有限公司签订《板卡具身智能领域独家 授权销售及合作合同》，授权公司在具身智能大模型域控领域制作并销售基于深明奥斯大模型芯片 Fellow 1制作的板卡，授权期限为5年。该合作预计将对公司未来经营发展产生积极影响，符合公司长 期发展战略及股东利益。 ...

万通智控科技股份有限公司 证券代码：300643 证券简称：万通智控 公告编号：2025-048 关于签订具身智能领域独家授权协议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 万通智控科技股份有限公司（以下简称"公司"）于公告披露日与上海深明 奥思半导体科技有限公司（以下简称"深明奥斯"）经平等自愿协商，签订了《板 卡具身智能领域独家授权销售及合作合同》（以下简称"独家授权协议"）。 根据《深圳证券交易所创业板股票上市规则》等相关法律法规及《公司章程》 的要求，上述事项无需提交公司董事会、股东会审议，亦不涉及关联交易，也不 构成《上市公司重大资产重组管理办法》规定的重大资产重组。现将有关事项公 告如下： 一、合作方基本情况 1、单位名称：上海深明奥思半导体科技有限公司 2、统一社会信用代码：91310112MAED9APK36 7、注册地址：上海市闵行区兴梅路 579 弄 1 号 403 室 8、经营范围：一般项目：技术服务、技术开发、技术咨询、技术交流、技 术转让、技术推广；技术进出口；货物进出口；计算机系统服务；软件开发；计 算机软硬件及辅助设备 ...

Group 1: Company Overview - The company, 万通智控, was recently researched by 淳厚基金 on July 7, 2025, where the board secretary, 李滨, introduced the company's history, development strategy, and main business operations [1] - The company is a supplier of TPMS and valve stems for 春风动力's motorcycles and has secured contracts with 上海本田 and 五羊本田 [1] Group 2: Impact of Tariffs - The company is monitoring the potential impact of the U.S. tariffs announced by President Trump, which will impose 25% to 40% tariffs on imports from 14 countries starting August 1 [1] - The company noted that Thailand will face a 36% tariff but has a 20-day grace period, and it will continue to track policy developments to respond proactively [1] - The company has established factories in Germany, Czech Republic, the U.S., and Thailand, allowing it to effectively mitigate risks from trade disputes through its globalized production and supply chain [1] Group 3: Product Value - The estimated value of the NLP product per heavy truck is between 2,000 to 3,000 yuan, which includes components such as NLP sensors (typically 16-22 per vehicle), receivers, and T-Box [1]

Group 1: Company Overview and Performance - The company expects a net profit attributable to shareholders for the first half of 2025 to increase by 45% to 65% compared to the same period last year [1] - The growth in the sensor and digital information control equipment business is the primary contributor to the net profit increase [1] Group 2: Research and Development Initiatives - The company has established a joint R&D center with Zhejiang University, focusing on embodied intelligence [2] - A feasibility report for major projects and four alternative projects is expected to be completed within 1-2 months [2] Group 3: Competitive Advantages - The company's TPMS sensors cover over 95% of global vehicle models, providing a strong competitive edge and brand recognition in the market [2] - The TPMS sensors primarily generate revenue from the aftermarket, which has higher profit margins and better cash flow compared to the OEM market [2] - The NLP sensors are designed to reduce power consumption and are easier to install, significantly lowering installation and maintenance costs for fleets [2]

Investment Rating - The report upgrades the investment rating to "Buy" from "Hold" [3][5] Core Views - The TPMS (Tire Pressure Monitoring System) and intelligent connected vehicle businesses are expected to experience explosive growth driven by policies and market demand. The mandatory installation of TPMS in passenger vehicles in China and the replacement cycle in the aftermarket are key factors [2] - The commercial vehicle sector shows significant growth potential, with new regulations requiring TPMS installation in trucks starting July 2024. The company's NLP (Networked Logistics Platform) products are entering a volume production phase, with a gross margin of around 70% [2] - Strategic partnerships, such as the collaboration with Zhejiang University to establish a joint research center, are expected to enhance the company's technological capabilities and expand growth opportunities in embodied intelligence [3] Financial Summary - Revenue projections for 2025-2027 are estimated at 1.262 billion, 1.451 billion, and 1.725 billion yuan, respectively, with corresponding net profits of 205 million, 256 million, and 323 million yuan [4] - The expected compound annual growth rate (CAGR) for revenue is approximately 16.48% from 2024 to 2025 and 18.89% from 2026 to 2027 [4] - The projected price-to-earnings (PE) ratios for 2025, 2026, and 2027 are 25.44, 20.40, and 16.17, respectively [3][4]