Core Insights - The new generation of Proton SAGA has been launched in Malaysia, receiving over 20,000 orders, and is recognized as the "national car" of Malaysia with cumulative sales exceeding 2 million units [1] - The new SAGA features an advanced driver assistance system (ADAS) that enhances vehicle safety, achieving two full scores in the ASEAN-NCAP certification and becoming the first model in the region to receive CMR (AEB motorcycle trigger) safety certification [1][2] - The collaboration between Zhixing Technology and Proton is aimed at adapting the ADAS to local regulations and driving habits, providing features such as AEB, LDW, and FCW [1] Company Developments - Zhixing Technology has conducted extensive testing and optimization for the SAGA's ADAS, including road tests in Malaysia to ensure system reliability and robustness [2] - The company has addressed specific local challenges, such as misinterpretation of tunnel shapes by the AEB system, by conducting specialized tests and software optimizations [2] - Zhixing Technology's efforts have positioned the new SAGA as a leader in active safety system performance and cost control in the Malaysian and ASEAN markets [2] Future Prospects - With the launch of the new SAGA, Zhixing Technology is advancing its production line setup in Malaysia, aiming for the vehicle to feature domestically produced active safety systems by 2026 [3] - The company has established a joint venture with Delloyd, a leading automotive parts supplier in Malaysia, to facilitate its transition from product export to technology and service export [3] - The successful production of the new Proton SAGA serves as a significant milestone for Zhixing Technology's capabilities in Southeast Asia and other overseas markets [3]

智通财经APP获悉，11月27日，马来西亚自主品牌宝腾汽车核心产品全新一代SAGA正式上市，并已斩 获超2万订单在手。宝腾SAGA被誉为"大马国民车"，累计销量突破200万辆，全新一代SAGA特增设辅 助驾驶系统提升车辆主动安全性能。作为ADAS供应商，知行科技(01274)近日，由清华校友总会生命科 学与医疗健康专委会、清华校友总会AI大数据专委会、医渡科技等联合发起助力全新宝腾SAGA成为东 盟市场首个在ASEAN-NCAP(2021-2025)认证ADAS项目中获2项满分成绩的车型，也是东盟首个获得 CMR(AEB摩托车触发)安全认证的车型。 马来西亚当地摩托车众多，且存在大量混行路况，极易造成AEB系统误触发。知行科技基于大量道路数 据和对当地路面交互习惯的深度理解，不断优化策略，最终找到应对摩托车的AEB安全基准线，成为首 个通过东盟NCAP CMR 安全认证的车型，并在"高级摩托车安全(Advanced MST)"项目中取得满分。 知行科技大量扎实深入的工程化、本土化工作，使全新SAGA成为马来西亚乃至东盟市场上主动安全系 统性能和成本控制的佼佼者。 面向未来，宝腾客户表示："我相信，知行科技和宝 ...

Core Viewpoint - Rui Li Ke Mi (001285) is set to go public with an IPO on the Shenzhen Stock Exchange, aiming to raise funds for its automotive safety systems and related projects [1][4] Group 1: Company Overview - Rui Li Ke Mi specializes in the research, production, and sales of active safety systems for motor vehicles, including key components like ABS, ESC, EBS, EPB, and ECAS [1] - The company has established itself as a leading player in the commercial vehicle active safety system market in China, with its brand "Kormee" recognized as a top industry brand [2] Group 2: Market Position and Performance - From 2014 to 2023, Rui Li Ke Mi's ABS products have ranked first in both production and sales for ten consecutive years, with a leading market share from 2021 to 2023 [2] - The company reported revenues of 1.977 billion yuan in 2024, with projected revenues of 1.55 billion to 1.73 billion yuan for the first nine months of the year, reflecting a year-on-year growth of 13.82% to 27.04% [3] Group 3: Research and Development - Rui Li Ke Mi invests significantly in R&D, with expenditures of approximately 93.73 million yuan, 96.79 million yuan, and 115.83 million yuan from 2022 to 2024, respectively [2] - The company holds 459 authorized patents, including 58 invention patents, and has developed 22 core technologies closely related to its main business [2] Group 4: Future Prospects and Funding - The funds raised from the IPO will be allocated to projects such as the establishment of a smart automotive electronic control system headquarters in the Greater Bay Area, R&D center construction, and working capital supplementation [4]

Core Viewpoint - Two new stocks were listed on September 30, namely Rui Li Ke Mi (001285.SZ) and Yun Han Xin Cheng (301563.SZ), with Rui Li Ke Mi focusing on active safety systems for vehicles and Yun Han Xin Cheng specializing in electronic component distribution and industrial internet integration. Group 1: Rui Li Ke Mi (001285.SZ) - Rui Li Ke Mi is a national high-tech enterprise engaged in the R&D, production, and sales of core components related to vehicle active safety systems, including ABS, ESC, EBS, EPB, and ECAS [1][4]. - The company has established itself as a leader in the commercial vehicle pneumatic electronic control braking system sector, with its brand "Kormee" recognized as a top brand in the industry [3][4]. - Financial data shows that Rui Li Ke Mi's projected revenues for 2022, 2023, and 2024 are 1.326 billion, 1.76 billion, and 1.977 billion yuan, respectively, with net profits of 97 million, 236 million, and 269 million yuan [4][5]. - The company plans to invest 8.81 billion yuan in the Greater Bay Area automotive intelligent electronic control system R&D headquarters and 3.08 billion yuan in the R&D center construction project [2][3]. Group 2: Yun Han Xin Cheng (301563.SZ) - Yun Han Xin Cheng is an innovative high-tech enterprise focusing on the distribution of electronic components and the integration of industrial internet, positioning itself as a leading B2B company in the electronic components sector [5][10]. - The company’s projected revenues for 2022, 2023, and 2024 are 4.333 billion, 2.637 billion, and 2.577 billion yuan, respectively, with net profits of 136 million, 79 million, and 88 million yuan [10][11]. - Yun Han Xin Cheng plans to allocate 2.91 billion yuan for upgrading its big data center and component trading platform, 1.34 billion yuan for building an electronic industry collaborative manufacturing service platform, and 0.96 billion yuan for intelligent shared warehousing [8][10].