Company Overview - Shenzhen Boshi Jie Technology Co., Ltd. is located in Longhua District, Shenzhen, Guangdong Province, and was established on June 4, 2009. The company went public on August 1, 2024. Its main business involves the research, design, production, and sales of IoT intelligent hardware products, including smart vehicle terminals, smart travel components, smart payment hardware, and wireless communication modules [2]. Business Performance - For the period from January to September 2025, Boshi Jie achieved operating revenue of 1.272 billion yuan, representing a year-on-year growth of 21.66%. The net profit attributable to the parent company was 180 million yuan, with a year-on-year increase of 33.95% [2]. Shareholder Information - As of September 30, 2025, the number of shareholders in Boshi Jie was 7,744, a decrease of 0.64% from the previous period. The average circulating shares per person increased by 0.65% to 5,157 shares [2]. Stock Performance - On October 28, Boshi Jie’s stock price fell by 2.00%, trading at 95.89 yuan per share, with a total transaction volume of 136 million yuan and a turnover rate of 3.46%. The total market capitalization was 8.533 billion yuan [1]. - Year-to-date, Boshi Jie’s stock price has increased by 41.98%, with a 5-day increase of 11.25%, a 20-day increase of 0.65%, and a 60-day increase of 23.45% [1]. Capital Flow - In terms of capital flow, there was a net outflow of 13.432 million yuan from main funds, with large orders buying 16.9813 million yuan (12.52% of total) and selling 30.4133 million yuan (22.43% of total) [1]. Dividend Information - Since its A-share listing, Boshi Jie has distributed a total of 131 million yuan in dividends [3]. Institutional Holdings - As of September 30, 2025, among the top ten circulating shareholders, Huashang Credit Enhanced Bond A (001751) ranked as the sixth largest shareholder with 607,500 shares, marking a new entry. Xin'ao New Energy Industry Stock A (001410) was the seventh largest shareholder with 601,900 shares, a decrease of 20,100 shares from the previous period [3].

Core Viewpoint - Bertli's stock price has experienced fluctuations, with a recent decline of 2.01% and a year-to-date increase of 6.06%, indicating volatility in market performance [1]. Financial Performance - For the first half of 2025, Bertli achieved a revenue of 5.164 billion yuan, representing a year-on-year growth of 30.04%, and a net profit attributable to shareholders of 522 million yuan, up 14.19% [2]. - Cumulative cash dividends since the A-share listing amount to 664 million yuan, with 499 million yuan distributed over the past three years [3]. Shareholder Information - As of September 10, 2025, the number of shareholders increased to 40,000, a rise of 65.24%, while the average circulating shares per person decreased by 39.46% to 15,162 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 38.4732 million shares, a decrease of 2.7464 million shares from the previous period [3]. Market Activity - Bertli's stock has seen a trading volume of 283 million yuan with a turnover rate of 0.99%, and the total market capitalization stands at 28.457 billion yuan [1]. - The stock has appeared on the "Dragon and Tiger List" once this year, with the last occurrence on February 6 [1].

Core Insights - The logistics industry is undergoing significant transformation due to advancements in AI models and robotics, particularly in the area of autonomous heavy-duty trucks, which is entering a golden development phase [1] Industry Overview - The potential market for autonomous heavy-duty trucks is substantial, with China's highway freight volume expected to reach 4.188 billion tons in 2024 and the trunk freight market exceeding 6 trillion yuan [2] - The average age of truck drivers in China is nearing 49 years, leading to a growing driver shortage, which creates a clear application scenario for autonomous freight [2] Company Developments - JD Logistics plans to purchase 3 million robots, 1 million unmanned vehicles, and 100,000 drones over the next five years to enhance its position in smart logistics [1] - Yunda Technology's subsidiary, Yangsi Technology, aims to establish a benchmark for autonomous truck convoys in the Chengdu-Chongqing area, focusing on commercial scenarios in highways and railway logistics parks [2][4] - Guangzhou Pony.ai has progressed from road testing to commercial operation of autonomous trucks, with plans to further advance the technology for large-scale commercialization [3] Economic Impact - Autonomous freight convoy solutions can reduce overall fleet operating costs by over 20%, improve energy efficiency by 18%-20%, and achieve carbon reduction benefits exceeding 20% [5] - The "mixed intelligent convoy" model, which involves a manned lead vehicle guiding multiple unmanned trucks, can save up to 83% in labor costs and reduce energy consumption by 10% [5] Market Participation - Companies like Weichai Power and China National Heavy Duty Truck Group are actively developing autonomous heavy-duty trucks for various applications, including ports and industrial parks [6] - Partnerships are forming, such as between Siwei Map and Yingche Technology, to provide high-precision mapping and vehicle application products [6] - Kodiak, a U.S. autonomous truck logistics company, recently went public with an annual net profit of 350 million yuan and a valuation exceeding 10 billion yuan [6]

Core Points - The 15th National Games torch relay will commence on November 2 in Shenzhen, followed by events in Hong Kong, Macau, and Guangzhou, with the relay routes being publicly announced for the first time [1][4] Group 1: Event Details - The starting point for the Hong Kong leg is the Tamar Government Headquarters, ending at the Kai Tak Sports Park, crossing Victoria Harbour [4] - The Macau leg will start at the Special Administrative Region Government Headquarters, concluding at the Ruins of St. Paul's [4] - The Guangzhou route includes historical sites such as Zhenhai Tower and the Five Rams Sculpture [4] - The Shenzhen route will begin at Lianhua Mountain and connect to modern landmarks like the Shenzhen Bay Super Headquarters Base and the Qianhai International Conference Center [4] Group 2: Innovations - The torch relay will incorporate innovative technologies, including the use of unmanned aerial vehicles and autonomous vehicles, as well as robots for route connection [7] Group 3: Closing Ceremony - After the torch relay, representatives from the four cities will return the flame to Guangzhou, where a merging fire ceremony will take place at the Guangdong Olympic Sports Center to connect with the opening ceremony of the National Games [8]

Group 1: Physical AI and Robotics - NVIDIA is hosting the Global Technology Conference (GTC 2025) from October 27-29, focusing on "Physical AI and Robotics" [1] - Research institutions believe Physical AI is transforming the foundational logic of robot training from "empiricism" based on real data to "rationalism" based on physical laws [1] - NVIDIA's comprehensive technology solution is facilitating the transition of Physical AI from laboratories to industrial, medical, and household applications, with a vast market potential [1][2] Group 2: Autonomous Driving - Tesla announced the "World Simulator," a neural network system that generates realistic virtual driving scenarios, allowing AI to learn the equivalent of 500 years of human driving experience in one day [1] - The World Simulator is a key tool for Tesla's advancements in autonomous driving and robotics, significantly reducing reliance on real-world testing [1][2] - The emergence of world models indicates AI's attempt to understand the world, which could redefine human-machine interaction boundaries [2] Group 3: Deep Sea Technology - China's first ice-capable manned submersible mother ship, "Exploration No. 3," successfully completed 43 missions in the Arctic, marking a significant achievement in deep-sea technology [3] - Deep-sea technology has been recognized as a national strategic core area, with government support aimed at accelerating research and industrialization [3] - The complete industrial chain for deep-sea technology in China is expected to lead to efficient and collaborative development, positioning it as a potential growth driver in the marine economy [3] Group 4: Robotics - Shouxing Technology has undergone a business change, with Ant Group's subsidiary becoming a shareholder, focusing on high-end humanoid robot development [4] - The company aims to reshape human-machine interaction through advanced bionic design and brain-like intelligent decision-making [4] Group 5: Commercial Aerospace - Tianbing Technology successfully conducted a separation test for its Tianlong-3 rocket, achieving a record of 36 satellites separating simultaneously, enhancing China's capabilities in commercial space launches [5] - The test is expected to support the development of low-cost launch services for low-orbit satellite constellations, contributing to the acceleration of China's space infrastructure [5] Group 6: Fast Charging Standards - The International Telecommunication Union has officially published the global standard L.1004 for mobile terminal fast charging, developed by a consortium including Huawei and OPPO [6] - This standard aims to enhance compatibility across different brands and devices, promoting a more efficient and user-friendly charging experience [6]

Core Viewpoint - Meilixin's stock price has shown significant volatility, with a year-to-date increase of 61.68% but a recent decline in the last 20 days by 17.91% [1][2] Company Overview - Meilixin Technology Co., Ltd. is located in Chongqing and was established on May 14, 2001, with its stock listed on April 24, 2023 [1] - The company specializes in the R&D, production, and sales of aluminum alloy precision die-casting parts, primarily in the communication and automotive sectors [1] - Revenue composition: automotive parts 64.79%, communication components 29.88%, other parts 3.84%, and miscellaneous 1.49% [1] Financial Performance - For the period from January to September 2025, Meilixin achieved a revenue of 2.82 billion yuan, representing a year-on-year growth of 8.93% [2] - The net profit attributable to the parent company was -215 million yuan, a significant decrease of 347.98% year-on-year [2] Shareholder Information - As of September 30, 2025, the number of shareholders was 17,800, a decrease of 9.35% from the previous period [2] - The average number of circulating shares per shareholder increased by 10.32% to 6,108 shares [2] - The top circulating shareholder is Hong Kong Central Clearing Limited, holding 4.43 million shares as a new shareholder [3] Market Activity - On October 27, Meilixin's stock price fell by 2.03% to 32.87 yuan per share, with a trading volume of 230 million yuan and a turnover rate of 6.31% [1] - The stock has appeared on the "Dragon and Tiger List" once this year, with a net purchase of 50.20 million yuan on September 16 [1]

Group 1 - The stock price of Yong'an Xing increased by 2.21% on October 27, reaching 19.90 CNY per share, with a total market capitalization of 5.587 billion CNY [1] - Year-to-date, Yong'an Xing's stock price has risen by 56.45%, but it has seen a decline of 8.13% over the past 20 days and 9.46% over the past 60 days [1] - The company has appeared on the trading leaderboard five times this year, with the most recent instance on June 26, where it recorded a net buy of -32.5976 million CNY [1] Group 2 - Yong'an Xing Technology Co., Ltd. was established on August 24, 2010, and went public on August 17, 2017, focusing on shared mobility systems based on IoT and big data analysis [2] - The company's revenue composition includes: system operation services (35.18%), shared mobility services (21.06%), hydrogen products and services (19.40%), smart living services (13.76%), and system sales (10.59%) [2] - As of June 30, the number of shareholders increased by 5.04% to 16,600, while the average circulating shares per person decreased by 4.58% to 14,549 shares [2] Group 3 - Yong'an Xing has distributed a total of 438 million CNY in dividends since its A-share listing, with 158 million CNY distributed over the past three years [3]

Core Viewpoint - China Automotive Engineering Research Institute (China Auto Research) has experienced a decline in stock price and trading volume, reflecting challenges in the automotive service sector and potential impacts on future revenue and profitability [1][2]. Financial Performance - As of June 30, 2025, China Auto Research reported a revenue of 1.911 billion yuan, a year-on-year decrease of 4.48%, while the net profit attributable to shareholders was 409 million yuan, showing a year-on-year increase of 1.84% [2]. - The company has distributed a total of 2.747 billion yuan in dividends since its A-share listing, with 973 million yuan distributed over the past three years [3]. Stock Performance - The stock price of China Auto Research fell by 2.09% to 16.83 yuan per share, with a total market capitalization of 16.881 billion yuan [1]. - Year-to-date, the stock has decreased by 2.60%, with a 10.86% decline over the past 20 trading days and a 17.05% drop over the past 60 days [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders increased to 18,200, with an average of 54,684 shares held per shareholder, a decrease of 0.32% from the previous period [2]. - Notable shareholders include China Europe Pension Mixed A and Industrial Bank Cultural and Sports Industry Stock A, with significant changes in their holdings [3].

Group 1 - The Shenzhen Huaqiangbei area has launched a trial operation project for "AI + unmanned logistics vehicles," marking a significant step for Youjia Innovation in the smart logistics sector [1] - The project is supported by the Futian District Artificial Intelligence Industry Office and involves collaboration with Shenzhen Bus Group, which handles technical and vehicle scheduling [1][2] - The unmanned logistics vehicles will operate in key logistics parks, providing intelligent delivery services with three fixed daily schedules to address the high logistics demand in the area [1] Group 2 - The Xiaozhu unmanned vehicle is equipped with a fully self-developed software algorithm, featuring three LiDAR sensors and eleven cameras, achieving L4 level autonomous driving [2] - The vehicle can carry 400-700 standard packages, supporting multi-task delivery and reverse collection, catering to high-frequency logistics needs [2] - Youjia Innovation has received a "buy" rating from Western Securities, highlighting the company's unexpected performance in L4 new business [2][3] Group 3 - Youjia Innovation has made significant progress in the L4 unmanned minibus sector, with its first commercial operation set to launch in Suzhou in Q1 2025, generating over ten million yuan in revenue in the first half of the year [3] - The deployment of Xiaozhu unmanned vehicles in Huaqiangbei serves as a practical demonstration of integrating artificial intelligence into urban daily life [3] - The company aims to extend its unmanned driving capabilities from single logistics scenarios to comprehensive smart city services through continuous technological innovation [3]

Group 1 - The Shenzhen Huaqiangbei area has launched a trial operation project for "AI + unmanned logistics vehicles," marking a significant step for Youjia Innovation in the smart logistics sector [1] - The project is guided by the Futian District Artificial Intelligence Industry Office and involves collaboration with Shenzhen Bus Group, which handles technical and vehicle scheduling [1][3] - The unmanned logistics vehicles will operate in key logistics parks, providing intelligent pickup and delivery services with a fixed schedule of three daily trips [1] Group 2 - The Xiaozhu unmanned vehicle is equipped with self-developed software algorithms, featuring three LiDAR sensors and eleven cameras, achieving L4-level autonomous driving [3] - The vehicle can carry 400-700 standard packages, supporting high-frequency logistics demands and multi-tasking delivery [3][4] - Youjia Innovation has received a "buy" rating from Western Securities, highlighting the company's unexpected performance in L4 new business [3][4] Group 3 - Youjia Innovation is recognized as a pioneer in the gradual development of intelligent driving in China, achieving breakthroughs in key areas such as ADAS, DMS, and OMS [4] - The company is expanding its smart cockpit business and has successfully assisted vehicle manufacturers in obtaining EU GSR certification [4] - The L4-level unmanned minibus business is expected to become a significant growth driver for the company, with commercial operations set to launch in Suzhou in Q1 2025 [4]