Core Viewpoint - Shanghai Feilo Acoustics Co., Ltd. announced the transfer of a 20% stake in its joint venture, Shanghai Rijing Instrument Co., Ltd., through a public listing, with a starting price of 103.63154 million yuan. This move aims to help the company focus on its core business and optimize its asset structure [2]. Company Overview - Shanghai Rijing Instrument Co., Ltd. was established in 1995 with a registered capital of 10 million USD, primarily engaged in the development and production of electronic remote controls and accessories for motorcycles and automobiles, as well as the import and export of related products. The current shareholders are Hong Kong Yichu Rijing Co., Ltd. (80% stake) and Shanghai Yidian Automotive Electronics System Co., Ltd. (20% stake) [4]. - As of April 2025, Shanghai Rijing's total assets amounted to 638 million yuan, with net assets of 439 million yuan. From January to April, the company achieved a revenue of 120 million yuan and a net profit of 5.09 million yuan [4]. Subsidiary Information - Shanghai Yidian, established in 2015, serves as the operating entity for Feilo Acoustics' automotive electronics business, focusing on automotive lighting, automotive electronic systems, and home appliance and automotive wiring harnesses [4]. - The automotive lighting business primarily offers micro vehicle LED modules, while the automotive electronic systems focus on power distribution systems, body electronics, and air conditioning systems. The wiring harness business provides sunroof and transmission harnesses [4]. Clientele - Shanghai Yidian's automotive electronics business serves major clients including BYD, Volkswagen, Geely, Nissan, SAIC, Chery, and GAC Aion, indicating a strong presence in both domestic and international automotive markets [5].

Core Viewpoint - Xiaomi is set to launch the Xiaomi 17 series, including Xiaomi 17, Xiaomi 17 Pro, and Xiaomi 17 Pro Max, which will feature significant upgrades and competitive specifications against the iPhone [2][3]. Group 1: Product Specifications - The Xiaomi 17 series will globally debut the fifth-generation Snapdragon 8 flagship processor, with single-core scores exceeding 4000 and multi-core scores over 11000 on GeekBench 6, and AnTuTu scores surpassing 4 million [3]. - The Xiaomi 17 will feature a 6.3-inch 1.5K display, while the Xiaomi 17 Pro Max will have a larger 6.85-inch 2K display [3]. - The Xiaomi 17 will be equipped with a 7000mAh battery, supporting 100W wired fast charging and 50W wireless fast charging [4]. Group 2: Collaboration and Branding - The Xiaomi 17 series continues the collaboration between Xiaomi and Leica for camera technology development [7].