千里科技：拟赴港IPO 上半年扣非净利润亏损1.34亿元

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]