Chongqing Qianli Technology(SH:601777) Zhi Tong Cai Jing·2025-10-16 22:56Core Viewpoint - Chongqing Qianli Technology Co., Ltd. (Qianli Technology) has submitted its listing application to the Hong Kong Stock Exchange, with China International Capital Corporation (CICC) as the sole sponsor [1] Group 1: Company Overview - Qianli Technology is a leader in disruptive innovation technology, providing "AI + Mobility" closed-loop solutions for global strategic clients, including intelligent driving, smart cockpit, and Robotaxi solutions [4] - The company has developed a comprehensive suite of intelligent driving solutions, achieving L2 to L4 level autonomous driving in complex traffic scenarios [4] - Qianli Technology's smart cockpit solutions are supported by proprietary multimodal interaction models and AI-native AgentOS, offering natural user interaction experiences [4] Group 2: Technological Capabilities - The company possesses advanced vertical AI model capabilities, forming the foundation of its solutions, including a unique Reinforcement Learning-Multimodal (RLM) model for intelligent driving [5] - Qianli Technology is the first company to achieve large-scale deployment of end-to-end RLM models in intelligent driving scenarios [5] - The company has developed the industry's first AGIL3 intelligent cockpit system, enhancing multimodal interaction through AI-based personalization and in-car emotion recognition [5] Group 3: Financial Performance - For the fiscal years 2022, 2023, and 2024, Qianli Technology reported revenues of approximately RMB 8.63 billion, RMB 6.70 billion, and RMB 6.96 billion, respectively [6] - The company experienced a profit of RMB 170 million in 2022, but reported losses of RMB 262 million and RMB 329 million in 2023 and 2024, respectively [6] - Revenue during the historical period primarily came from the manufacturing and sales of automobiles and motorcycles, accounting for over 85% of total revenue [5]