公司回购、董事长继续增持，佑驾创新真金白银传递长期信心

Core Viewpoint - Youjia Innovation (2431.HK) is demonstrating confidence in its business outlook through a combination of share buybacks and increased shareholding by the chairman, signaling a commitment to long-term value creation [1][2]. Group 1: Company Actions - The company plans to repurchase up to HKD 200 million of its H-shares in the open market, reflecting confidence in its business prospects and financial health [1]. - Chairman Liu Guoqing has increased his stake by purchasing an additional 50,000 shares at an average price of approximately HKD 13.94 per share, totaling 100,000 shares over two days [1]. - Major shareholders have voluntarily extended the lock-up period for their shares, committing not to reduce their holdings in any manner [1]. Group 2: Financial Performance - In the first half of 2025, Youjia Innovation achieved revenue of CNY 346 million, a year-on-year increase of 46%, with gross profit rising 54.8% to CNY 52 million and gross margin improving to 15% [4]. - The company has established a strong competitive edge in the intelligent driving sector, successfully commercializing technologies across L1 to L4 levels, making it one of the few players in both L2 and L4 markets [4][5]. Group 3: Business Development - As of June 30, 2025, the company has mass-produced for 42 automotive manufacturers, including major brands like SAIC, Chery, and FAW, while also expanding its international presence [5]. - The L4 business is entering a phase of scale, with expected revenues in the tens of millions for 2025, driven by applications in various scenarios such as daily commuting and logistics [5]. - The company is well-positioned to benefit from industry policy shifts and the commercialization wave, with a focus on L3 development and the integration of driver state monitoring systems [5][6]. Group 4: Market Outlook - The combination of strong internal capabilities and favorable industry opportunities indicates a clear growth trajectory for Youjia Innovation, which aims to navigate market volatility through technological advancements and global expansion [6].