Core Viewpoint - Chongqing Qianli Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with 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 smart driving, smart cockpit, and Robotaxi solutions [4]. - The company has developed a comprehensive suite of smart driving solutions, achieving L2 to L4 level autonomous driving through vertical AI models, software, hardware, and closed-loop data systems [4][5]. - 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: Product and Technology - The company has unique RLM (Reinforcement Learning-Multimodal) models for smart driving, being the first to achieve large-scale deployment of end-to-end RLM models in this field [5]. - Qianli Technology has developed the industry's first AGIL3 intelligent cockpit system, enhancing multimodal interaction through real-world understanding and AI-based personalization [5]. Group 3: Financial Performance - In the past performance period, Qianli Technology sold 196,900 vehicles and 1,300,000 motorcycles, with revenue primarily from manufacturing and sales of these vehicles, accounting for over 85% of total revenue [6]. - The company's revenue for the fiscal years 2022, 2023, and 2024 (up to June 30) was approximately 8.63 billion, 6.70 billion, and 6.96 billion RMB, respectively, with corresponding profits of 170 million, -262 million, and -329 million RMB [6][7].

Core Viewpoint - Chongqing Qianli Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with 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 established 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 leading vertical AI model capabilities, forming the foundation of its solutions, including a unique RLM (Reinforcement Learning-Multimodal) 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 user interaction through AI-based personalized recommendations 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 losses in 2023 and 2024, with net profits of approximately RMB -2.62 billion and RMB -3.29 billion, respectively [6] - Revenue during the performance record period primarily came from the manufacturing and sales of automobiles and motorcycles, accounting for over 85% of total revenue [5]