Core Insights - The development of the Fellow 1 chip by the company is nearing completion, with sample testing expected to begin in October 2023 [2] - A specialized team has been established to collaborate with DeepMind on product applications, with initial testing and feedback from robotics and automotive manufacturers anticipated to start in October [2] - The Fellow 1 chip is projected to enter the tape-out phase in Q1 2026, with the first chips expected to return in Q2 2026 [2] Collaboration Details - In July 2023, the company signed an exclusive sales and cooperation contract with DeepMind, granting the company global rights to produce and sell boards based on the Fellow 1 chip for a period of five years [3] - DeepMind will provide technical support for the collaboration, including software code and hardware design source code related to the Fellow 1 chip [3] Strategic Rationale - DeepMind's chairman highlighted the company's strong profitability, high gross margins, and willingness to collaborate as key reasons for the partnership [2] - The company’s automotive-grade certification and sufficient PCBA capacity are expected to facilitate a smooth collaboration process [2]

Core Viewpoint - The company WanTong ZhiKong (300643.SZ) has completed the research and design of the Fellow1 chip, with sample delivery expected to begin in October [1] Group 1 - The first version of the Fellow1 chip has been basically completed, and further optimizations will be made based on testing results [1] - A special team has been established to collaborate with ShenMingAoSi for joint research and product application development [1] - Initial testing and feedback for the FPGA solution with robotics manufacturers and automotive companies are expected to start in October [1]

Group 1: Company Overview and Collaboration - WanTong Intelligent Control has established an exclusive agency partnership with DeepMind Semiconductor Technology Co., Ltd. for embodied intelligent model domain control boards [1] - DeepMind's Chairman, Zhang Qiang, provided insights into the company's status and project progress during the investor relations activity [1] Group 2: Market Insights and Product Development - The inference chip market is projected to surpass the training chip market by 26-27% in the coming years, with faster growth expected thereafter [2] - DeepMind's future products will focus on large model integrated machines, edge servers, smart transportation, healthcare, and embodied intelligence [2] - The main advantages of edge models include privacy protection, low latency, and low power consumption, although suitable chips and domain control solutions are currently lacking [2] Group 3: Collaboration Dynamics - DeepMind will exclusively supply chips to WanTong in the embodied intelligence sector, with revenue and profits generated from domain control going to WanTong [2] - DeepMind chose to collaborate with WanTong due to its strong profitability, high gross margins, and robust production capacity [2] - The development of the Fellow 1 chip began in early 2025, with plans for tape-out in Q1 2026 and chip delivery in Q2 2026 [2] Group 4: Technical Specifications and Progress - DeepMind's chip products integrate multiple computing units, including 3 LPU, NPU, and CPU, representing a unified architecture [2] - The research and design of the chip has been largely completed, with sample delivery expected to start in October 2025 [2] - A dedicated team has been established to collaborate with DeepMind on product application development, with initial testing and feedback scheduled for October 2025 [2]

Group 1: Financial Performance - The company achieved sales of over 20,000 units of commercial vehicle information control systems in the first half of 2025, with a gross margin of 62% and sales revenue of approximately 32 million yuan, marking significant growth compared to the same period last year [1] - The increase in sales of high-margin products has contributed to the growth of the company's net profit margin [1] - Revenue from the metal hose business has slightly declined due to reduced demand in the European market, with expectations of a small decrease compared to last year, but a gradual recovery is anticipated in 2026 [1] Group 2: Strategic Development - The company is expanding from traditional valve stems to electronic information industries, including sensors and commercial vehicle IoT products, with a focus on future development over the next decade [2] - A unique agency agreement has been signed with Deep Ming Ao Si to develop chip-based boards, which can be applied in various scenarios including vehicles, medical devices, and AI servers [2] - The research and development of chips is nearing completion, with initial testing expected to begin in the upcoming months [2] Group 3: Collaborative Efforts - The collaboration with Deep Ming Ao Si is progressing well, with a dedicated team established to jointly develop and explore product applications [2] - The partnership with Zhejiang University is still in the early stages, focusing on the joint development of sensors for embodied intelligence applications [2]

Core Insights - The company reported strong revenue and profit growth in the first half of 2025, driven by its sensor and digital information control equipment business [1][2] - Revenue reached 594 million yuan, an increase of 8.15% year-on-year, while net profit attributable to shareholders was 94.775 million yuan, up 56.60% [1] - The sensor and digital information control equipment segment saw a significant revenue increase of 65.61%, reaching 196 million yuan [1] Business Performance - The metal hose business, a traditional stronghold for the company, generated 305 million yuan in revenue, benefiting from solid competitive barriers [2] - The company’s full subsidiary WMHG is the only global provider of strip-wound welded hose airtight solutions, serving major clients like Volvo and Daimler [2] - The demand for high-specification airtight metal hoses is expected to rise with the implementation of stricter emission standards in China and Europe [2] Research and Development - The company increased its R&D expenditure to 23.8279 million yuan, a growth of 7.63%, focusing on new product development such as low-power NLP sensors and Bluetooth air monitoring sensors [2] - A collaboration with Zhejiang University aims to establish a joint R&D center for embodied intelligent perception technology, with feasibility studies expected to be completed in 2-3 months [2] - An exclusive sales and cooperation contract was signed with Shanghai Shenming Aosi Semiconductor Technology Co., Ltd. for the development and sale of boards based on the Fellow 1 model chip [2] Future Outlook - The company plans to focus on its two core businesses: sensors and digital information control equipment, and metal hoses, while expanding its domestic and international market presence [3] - There is an emphasis on advancing embodied intelligent perception technology and new production capacity to achieve breakthroughs in automotive electronics and robotics [3]

Core Viewpoint - Wantong Hydraulic reported a strong performance in the first half of 2025, with significant growth in revenue and net profit, driven by innovation and market expansion efforts [1][2] Financial Performance - The company achieved operating revenue of 344 million yuan, a year-on-year increase of 13.12% - Net profit attributable to shareholders reached 67.32 million yuan, up 40.33% - Basic earnings per share were 0.57 yuan [1] Business Development - Focused on core business development, enhancing innovation, and implementing lean management practices - Steady growth in main business areas, with orderly progress in new product market development and significant results in international business expansion [1] - Research and exploration in electrification, intelligence, systemization, and servo control fields led to phased achievements in product iteration and technological innovation [1] Segment Performance - The revenue from special oil cylinders for dump trucks increased by 25.95% due to the positive effects of the old-for-new policy and the rapid growth of the new energy vehicle market [1] - The oil and gas spring products saw a revenue increase of 21.40%, with steady growth in order volume and enhanced brand influence [2] - Mechanical equipment cylinders benefited from active market expansion, with overall revenue growth of 3.96% in this segment [2] Market Analysis - Domestic market showed recovery in demand for special oil cylinders for dump trucks, with a year-on-year revenue increase of 9.74% - Internationally, the company achieved a significant revenue increase of 41.24%, driven by the high reliability and core technology advantages of its products [2]

Core Viewpoint - WanTong Intelligent Control (300643.SZ) reported a revenue of 594 million yuan for the first half of 2025, reflecting a year-on-year growth of 8.15% [1] - The net profit attributable to shareholders reached 94.775 million yuan, marking a significant year-on-year increase of 56.60% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 88.5324 million yuan, with a year-on-year growth of 59.84% [1] - The basic earnings per share stood at 0.41 yuan [1]

Group 1 - The company, Wantong Intelligent Control, announced that its fourth board meeting will be held on August 25, 2025, to discuss the proposal for increasing registered capital [1] - For the year 2024, the company's revenue composition is entirely from automotive parts, accounting for 100.0% [1] - As of the report, Wantong Intelligent Control has a market capitalization of 6.2 billion yuan [1] Group 2 - The A-share market has seen trading volumes exceed 2 trillion yuan for eight consecutive days, indicating strong market activity [1] - Major industry players are actively recruiting for autumn positions, with 25 job openings available [1]

Core Insights - The company, Wantong Intelligent Control, reported a revenue of 594 million yuan for the first half of the year, representing a year-on-year increase of 8.15% [1] - The net profit attributable to shareholders of the listed company reached 94.775 million yuan, showing a significant year-on-year growth of 56.6% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 88.53 million yuan, reflecting a year-on-year increase of 59.84% [1]

万通智控科技股份有限公司 内幕信息知情人登记制度 第一章 总则 第一条 为规范万通智控科技股份有限公司（以下简称"公司"）的内幕信 息管理，加强内幕信息保密工作，维护信息披露的公开、公平、公正原则，保护 广大投资者的合法权益。根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司信息披露 管理办法》《上市公司监管指引第 5 号——上市公司内幕信息知情人登记管理制 度（2025 修订）》《深圳证券交易所创业板股票上市规则》等有关法律、法规 以及《万通智控科技股份有限公司章程》（以下简称"《公司章程》"）、《万 通智控科技股份有限公司信息披露管理制度》（以下简称"《信息披露管理制度》"） 的有关规定，制定本制度。 第二条 本制度适用于万通智控科技股份有限公司内幕信息及其知情人的管 理事宜。本制度未规定的，按照有关法律法规和《信息披露管理制度》等的相关 规定执行。 第三条 公司董事、高级管理人员及公司各部门、分公司和子公司都应配合 做好内幕信息知情人登记报备工作，不得进行内幕交易或配合他人操纵证券交易 价格。 第四条 公司董事会负责内幕信息的管理工作 ...