Core Viewpoint - Chongqing Qianli Technology Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with China International Capital Corporation as the sole sponsor [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 a natural user interaction experience [4]. Product and Technology - The company has developed a unique Reinforcement Learning-Multimodal (RLM) model for intelligent driving, being the first to achieve large-scale deployment of an end-to-end RLM model in this field [5]. - Qianli Technology has also created an advanced multimodal interaction model that incorporates real-world understanding, AI-based personalized recommendations, and in-car emotion recognition [5]. - The company has a strong manufacturing capability, having designed and operated automotive and motorcycle production facilities while maintaining strict quality, safety, and efficiency standards [5]. Financial Performance - For the fiscal years 2022, 2023, and projected figures for 2024 and 2025, Qianli Technology reported revenues of approximately RMB 8.63 billion, RMB 6.70 billion, and RMB 6.96 billion, respectively [6]. - The company experienced a net profit of RMB 1.70 million in 2022, but reported losses of RMB 2.62 billion and RMB 3.29 billion in 2023 and 2024, respectively [6]. - The revenue primarily comes from the manufacturing and sales of automobiles and motorcycles, accounting for over 85% of total revenue during the historical performance period [5].