Core Viewpoint - The company, Longqi Technology (603341.SH), is in the early stages of developing its automotive electronics business, with a longer sales cycle and gradual sales scale breakthrough in line with its planning [1] Group 1 - The company's in-vehicle mobile smart control tablet is in mass production and has a leading shipment volume in the industry [1] - The in-vehicle wireless charging project has also entered the stage of large-scale mass production [1]

Group 1 - The company, Longqi Technology, is exploring potential customers for AI glasses across multiple scenarios [1] - The announcement was made on February 3rd during an interaction with investors [1] - The information was sourced from the Securities Daily [1]

Core Viewpoint - The company has experienced an increase in R&D expenses due to the expansion of new business areas, including AIPC, automotive electronics, and smart glasses, which has led to multiple ongoing R&D projects focused on core technology breakthroughs and product iteration optimization [1] Group 1 - The company plans to maintain a strong focus on new business sectors and continue its investment efforts to solidify technological barriers and accelerate product deployment [1] - In the long term, as new businesses begin to generate scaled revenue, the efficiency of R&D is expected to improve, leading to a decrease in the overall R&D expense ratio [1]

Core Viewpoint - Longqi Technology (603341) has established early positioning in the AI glasses sector and formed long-term strategic partnerships with leading global clients, resulting in significant growth in user experience and sales as these products continue to evolve [1] Group 1: AI Glasses - The company has engaged in AI glasses development projects with top domestic clients, with the first product currently under development [1] - Continuous upgrades of AI glasses products by global leading clients have led to notable improvements in user experience and sales [1] Group 2: AI PC - Longqi Technology has secured mass production orders from four leading clients, including global top brands, in the AI PC segment [1] - The AI PC business is still in its early stages and is considered a long-term investment, with the company committed to ongoing breakthroughs [1] - The target for the AI PC business is to achieve 30% of total revenue by 2030 [1] Group 3: Humanoid Robots - The company has established a dedicated team to research the integration of robotics and AI technology, focusing on smart upgrades for factory production lines [1]

格隆汇2月3日丨龙旗科技(603341.SH)在投资者互动平台表示，公司在AI眼镜领域布局较早，与全球头 部客户建立了长期战略合作关系。随着全球头部客户的AI眼镜产品持续迭代升级，用户体验和销量均 有显著增长。国内市场方面，公司已承接国内头部客户AI 眼镜研发项目，首款产品正在开发中。AI PC 方面，公司已获得包括全球头部品牌在内的四家头部客户的量产订单。AI PC仍处于起步阶段，属于长 期投资，公司将保持耐心持续突破。AI PC业务的目标是到2030年AI PC业务收入占总营收的30%。人形 机器人方面，公司内部已有专项团队，重点研究如何将机器人与AI技术结合，应用于工厂的产线智能 化升级。 ...

Core Viewpoint - The article highlights the outstanding performance of quantitative stock selection strategies in 2025, with an average return of 43.82% and a median return of 46.11%, indicating a strong market for these strategies [2]. Group 1: Performance of Quantitative Stock Selection Strategies - By the end of 2025, quantitative stock selection products showed a remarkable average return of 43.82%, with 97.97% of products achieving positive returns [2]. - The average return for quantitative stock selection products from private equity firms with over 10 billion in assets reached 56.16%, showcasing strong performance [2]. - The top-performing quantitative stock selection products had a minimum return threshold of ***%, with Dragon Flag Technology leading the rankings [3]. Group 2: Leading Firms and Their Strategies - Dragon Flag Technology's "Dragon Flag Innovation Select No. 1 C Class" achieved a return of ***% in 2025, focusing on technology innovation and leveraging the dual innovation strategy of the Sci-Tech Innovation Board and the Growth Enterprise Market [3]. - Stable Investment's "Stable Small Cap Aggressive Timing Index Increase No. 1" also performed well, with a return of ***%, utilizing a multi-factor model for stock selection [4]. - The average return for quantitative stock selection products from firms with 50-100 billion in assets was 53.45%, with Hanrong Investment and Yunqi Quantitative leading the pack [5]. Group 3: Performance in Different Asset Classes - For firms managing 20-50 billion, the average return was 48.27%, with Gaia Qingke Private Equity and Jiuming Investment among the top performers [8]. - In the 10-20 billion category, the average return was 38.85%, with Longyin Tiger Roar and Shanghai Zijie Private Equity achieving notable results [11]. - The average return for firms with less than 5 billion in assets was 37.25%, with Shuizhuquan Asset leading this segment [17].

Core Insights - The Hong Kong capital market has started 2026 with a vibrant listing wave, continuing the momentum from Q4 2025, with 17 companies submitting applications on January 30 alone [1] - A total of 139 companies submitted listing applications in January 2026, with 2 companies passing the listing hearing and 13 companies successfully listing on the exchange [1][2] Group 1: Market Trends - The listing activities reflect a strategic choice by companies towards the Hong Kong Stock Exchange, indicating global capital's confidence in China's new economic sectors [2] - The sectors represented in the applications include renewable energy, semiconductors, AI, robotics, consumer goods, and biomedicine, showcasing a diverse range of industries [4] Group 2: Notable Companies - XINWANGDA, a leading global consumer lithium battery manufacturer, submitted its application to the Hong Kong Stock Exchange, aiming to raise funds for its overseas production capacity expansion [4][5] - EVE Energy also submitted its application, with plans to use the raised funds for the construction of its production base in Hungary [5] - ATOOM, known as the "king of parallel robots" in China, has also applied for listing, demonstrating significant revenue growth and market leadership in various sectors [5][6] Group 3: Financial Performance - XINWANGDA reported a revenue of 13.89 billion yuan for its consumer battery business in the first half of 2025, with a 5.2% year-on-year growth and a gross margin of 19.63% [4] - ATOOM's revenue grew from 93.5 million yuan in 2023 to 135 million yuan in 2024, with a further increase to 157 million yuan in the first nine months of 2025 [6] Group 4: Future Projections - Predictions indicate that around 160 new stocks will be listed on the Hong Kong Stock Exchange in 2026, with a total fundraising target of at least 300 billion HKD (approximately 38 billion USD) [9][10] - The recent regulatory reforms at the Hong Kong Stock Exchange have facilitated the listing of companies in emerging sectors, enhancing the attractiveness of the market for international investors [9][10]

证券日报网讯2月2日，龙旗科技（603341）发布公告称，2026年1月，公司未实施股份回购。 ...

本海外監管公告乃由本公司根據香港聯合交易所有限公司證券上市規則第13.10B 條作出。 茲載列本公司在上海證券交易所網站刊登的以下資料中文全文，僅供參閱。 承董事會命 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Shanghai Longcheer Technology Co., Ltd. 上海龍旗科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：9611） 海外監管公告 於本公告日期，董事會成員包括(i)執行董事杜軍紅先生、葛振綱先生、關亞東先 生及覃艷玲女士；及(ii)獨立非執行董事沈建新博士、楊川先生及牛雙霞博士。 上海龍旗科技股份有限公司 董事長兼執行董事 杜軍紅先生 香港，二零二六年二月二日 证券代码：603341 证券简称：龙旗科技 公告编号：2026-011 上海龙旗科技股份有限公司 关于以集中竞价交易方式回购股份的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并 ...

Core Viewpoint - The Hong Kong capital market has experienced a vibrant start in 2026, with a significant number of companies submitting listing applications, reflecting strong confidence in China's new economy sectors [1][2]. Group 1: Listing Activity - A total of 139 companies submitted listing applications to the Hong Kong Stock Exchange in January 2026, with 17 companies applying on January 30 alone [1]. - Notable companies that completed their listings include Mingming Hen Mang, Longqi Technology, and Zhaoyi Innovation, among others, with various sectors represented [1][5]. - The listing activity is characterized by a diverse range of sectors, including new energy, semiconductors, AI, robotics, consumer goods, and biomedicine [2][7]. Group 2: Sector Highlights - The new energy sector has shown particularly strong performance, with companies like Xinnengda and Yiwei Lithium Energy planning to raise funds for overseas market expansion [2][3]. - Xinnengda reported a revenue of 13.89 billion yuan for its consumer battery business in the first half of 2025, with a year-on-year growth of 5.2% and a gross margin of 19.63% [2]. - Yiwei Lithium Energy is focusing its fundraising on the construction of its production base in Hungary, with a total investment of up to 8.654 billion yuan for its new energy storage battery project [3]. Group 3: AI and Robotics Developments - AI chip company Aixin Yuanzhi is set to launch its IPO on February 10, 2026, and is recognized as a key player in the edge AI chip market, holding a 6.8% market share [4]. - The robotics sector is represented by companies like Atonmo Robot, which has seen rapid revenue growth, reaching 157 million yuan in the first nine months of 2025 [3]. - The AI large model sector has also generated market enthusiasm, with companies like Zhipu and MiniMax experiencing significant stock price increases upon their listings [4]. Group 4: Market Dynamics and Policy Support - The surge in listings is attributed to multiple factors, including companies' long-term capital needs and the supportive policies from the Hong Kong Stock Exchange [7][8]. - Recent reforms, such as the 18A and 18C listing rules, have facilitated the entry of biotech and tech companies into the market, allowing for greater flexibility in fundraising [7][8]. - Deloitte predicts that around 160 new stocks will be listed on the Hong Kong Stock Exchange in 2026, raising at least 300 billion HKD (approximately 38 billion USD), indicating a continued trend of high fundraising [8].