Core Viewpoint - The internal audit system of Guangdong Dongjian Automotive Technology Co., Ltd. aims to standardize internal audit work, enhance audit quality, and protect investors' rights, in compliance with relevant laws and regulations [1][2]. Group 1: General Principles - The internal audit work involves supervision, evaluation, and recommendations regarding the effectiveness of internal controls, risk management, and the authenticity and completeness of financial information [1]. - The internal control system is designed to ensure compliance with laws, improve operational efficiency, safeguard assets, and ensure accurate and fair information disclosure [1][2]. Group 2: Responsibilities and Structure - The Board of Directors is responsible for establishing and implementing the internal control system, ensuring the accuracy and completeness of related disclosures [2]. - An Audit Committee is established under the Board, consisting of directors, with a majority being independent directors, including at least one accounting professional [2][3]. - The Audit Department, as the internal audit body, operates independently under the guidance of the Audit Committee and is responsible for auditing business activities, risk management, and financial information [3][4]. Group 3: Audit Procedures and Reporting - The Audit Department must maintain independence and is not to be under the financial department's leadership [3]. - The Audit Committee oversees the Audit Department's work, reviews annual audit plans, and reports on audit progress and significant issues to the Board [4][7]. - Internal audits cover all business activities related to financial reporting and information disclosure, including sales, procurement, inventory management, and more [5]. Group 4: Documentation and Evidence - The Audit Department is required to establish a working paper system and maintain audit documentation for at least 10 years [10]. - Audit evidence must be sufficient, relevant, and reliable, with clear records of the evidence obtained [5][10]. Group 5: Disclosure and Compliance - The Board must review the internal control evaluation report alongside the annual report, and any significant deficiencies or risks must be reported to the stock exchange [12][13]. - The Audit Committee is responsible for ensuring that corrective measures are taken for any identified deficiencies and for monitoring the implementation of these measures [13].

Group 1 - The board of directors of Guangdong Dongjian Automotive Technology Co., Ltd. held its 12th meeting of the third session on July 7, 2025, with all 7 directors present [1] - The meeting was conducted in accordance with relevant laws, regulations, and the company's articles of association [1] - All resolutions passed during the meeting received unanimous approval with 7 votes in favor, 0 against, and 0 abstentions [2][3][4] Group 2 - The board agreed to amend the company's articles of association, transferring certain powers from the supervisory board to the audit committee of the board [2] - The proposed amendments will be submitted for approval at the company's first extraordinary general meeting of shareholders in 2025, requiring a two-thirds majority of the voting rights held by attending shareholders [2][5] - The company plans to hold the extraordinary general meeting on July 29, 2025, at 15:00 in Foshan, Guangdong Province [5]

金十数据7月8日讯，天眼查App显示，7月8日，华为技术有限公司申请的"辅助驾驶方法和装置"专利公 布。摘要显示，本申请辅助驾驶方法，包括：获取多模态感知信息，所述多模态感知信息由设置于车辆 上的多种传感器采集得到；获取多组显示信息，所述显示信息包括待显示的目标区域和栅格粒度等内 容。本申请既可以提升驾驶员对大范围内的障碍物的全景感知能力，又可以提升驾驶员对近距离范围内 的障碍物的精细化感知能力。 订阅新能源汽车动态 +订阅 华为公布辅助驾驶专利 可提升驾驶员对环境的感知能力 ...

Overview - The company has decided to terminate the establishment of a branch in Shanghai and instead invest in setting up a subsidiary named "Huitong Tianxia Automotive Technology (Shanghai) Co., Ltd." with a registered capital of 1 million RMB [1][2]. New Subsidiary Details - The new subsidiary will be located at 1136 Shenbin South Road, Room 605-A, Minhang District, Shanghai [1]. - The legal representative of the new subsidiary will be Wu Zhaojuan [1]. - The business scope includes technology services, development, consulting, automotive parts R&D, management consulting, information technology consulting, and new materials technology development [1][2]. Impact on the Company - Establishing the subsidiary in Shanghai is expected to enhance the company's business layout in the region, leveraging Shanghai's geographical and talent advantages [2]. - This move is anticipated to attract high-end talent, improve the company's independent innovation capabilities, and strengthen its overall competitiveness [2].

Financing Overview - A total of 12 financing events occurred in the technology sector from June 28 to July 4, 2025, with 9 in the domestic market and 3 internationally[9] - The leading sectors for domestic financing were advanced manufacturing (6 events), artificial intelligence (2 events), and enterprise services (1 event)[9] IPO Submissions - Several companies submitted IPO applications on the Hong Kong Stock Exchange, including: - EVE Energy, aiming for a listing on the main board[17] - MagiTech, also targeting the main board[19] - ChipMinds Semiconductor, with plans for the main board[22] - Wingfei Intelligent, seeking a main board listing[26] - Ruiwei Technology, applying for the main board[29] Market Performance - Major indices showed positive performance: - Shanghai Composite Index rose by 1.40% to 3472 points - Shenzhen Component Index increased by 1.25% to 10509 points - ChiNext Index gained 1.50% to 2156 points[33] - The semiconductor index and artificial intelligence index experienced declines of 0.89% and 1.68%, respectively[33] Trading Metrics - High turnover rates were noted in the semiconductor (13.0%) and automotive electronics (9.6%) indices, outperforming the Wind All A Index by 4.9% and 1.5% respectively[34] - Price-to-earnings (PE) ratios for the semiconductor index were 112.2, while automotive electronics and AI indices were 35.3 and 61.2, respectively[38] Financial Highlights of Listed Companies - Xintong Electronics reported revenues of 782 million, 931 million, and 1.005 billion CNY for 2022, 2023, and 2024, respectively, with net profits of 117 million, 124 million, and 143 million CNY[13] - EVE Energy's projected revenues for 2022, 2023, and 2024 are 36.304 billion, 48.784 billion, and 48.615 billion CNY, with net profits of 3.672 billion, 4.520 billion, and 4.221 billion CNY[18] - MagiTech expects revenues of 388 million, 1.513 billion, and 1.420 billion CNY for the same period, with net losses decreasing from 423 million to 291 million CNY[21] Risk Factors - Market competition risk exists due to rapid growth in key sectors like semiconductors and AI, potentially intensifying competition[42] - Risks related to technological advancements not meeting expectations could hinder sector growth[42] - Market demand growth may fall short of expectations, impacting overall sector development[46]

7月7日晚间，四维图新（002405）发布公告，公司近日与北京新能源汽车股份有限公司（以下简称"北 汽新能源"）签署《零部件开发合同》，将为后者两车型开发泊车软件产品。 2024年，四维图新实现营收35.18亿元，同比增长12.68%。其中智云业务录得营收22.54亿元，同比增长 28.96%；智芯业务营收5.66亿元，同比增长10.92%；智舱业务板块收入为4.03亿元，同比下降12.87%； 受产品结构调整及交付周期的影响，智驾业务营收为2.71亿元，同比下滑28.08%。 定点方面，2024年初至2025年一季度，四维图新获得基础行车产品300万套及舱泊产品60万套的新增定 点。 目前，四维图新正处于转型投入期，净利润处于阶段性亏损状态，不过亏损幅度正在收窄。2024年，公 司净利润为-10.95亿元，同比减亏超3亿元。公司预计，伴随着市场份额的增加，2025年将实现大幅减 亏。 不过，技术开发项目经历一定的研发周期，且存在研发活动固有的风险，四维图新提示投资者注意投资 风险。 就智驾业务而言，其盈利水平取决于订单的构成，如开发成本、软硬件占比、采购成本、出货量等，其 中出货量是重要影响因素。目前，四维 ...

Financing Overview - A total of 12 financing events occurred in the technology sector from June 28 to July 4, 2025, with 9 in the domestic market and 3 internationally[8] - The leading sectors for domestic financing were advanced manufacturing (6 events), artificial intelligence (2 events), and enterprise services (1 event)[8] IPO and Prospectus Submissions - Xintong Electronics was listed on the Shenzhen Stock Exchange on July 1, 2025, with an initial offering price of CNY 16.42 per share[11] - Several companies submitted prospectuses for listing on the Hong Kong Stock Exchange, including EVE Energy, Magnesium Technology, ChipMinds Semiconductor, Yifei Intelligent, and Ruiwei Technology[6][13][15][21][24] Market Performance - The Shanghai Composite Index rose by 1.40% to 3472 points, while the Shenzhen Component Index increased by 1.25% to 10509 points during the same period[27] - The semiconductor index and artificial intelligence index saw declines of 0.89% and 1.68%, respectively, compared to the broader market performance[27] Valuation Metrics - As of July 4, 2025, the PE ratios for the semiconductor, automotive electronics, artificial intelligence, and metaverse indices were 112.2, 35.3, 61.2, and 42.1, respectively[32] - The PB ratios for the same indices were 4.7, 3.2, 5.4, and 3.8, indicating fluctuations in valuation compared to the previous week[34] Risk Factors - Market competition risk exists due to the rapid growth of participants and capital investment in semiconductor, automotive electronics, AI, and metaverse sectors[36] - There is a risk of technological advancements not meeting expectations, which could hinder overall sector growth[37] - Market demand growth may also fall short of expectations, impacting the development of emerging sectors[38]

Summary of Key Points Core Viewpoint - The Hong Kong Stock Exchange (HKEX) saw 11 companies submit applications for listing from June 30 to July 6, with no companies passing the listing hearing during this period. Additionally, 7 companies initiated their public offerings, and 5 new stocks were listed. Group 1: Companies Submitting Applications - Puxiang Health Holdings Limited is a leading provider of integrated medical and elderly care services in North China, ranking second in revenue among its peers and first in revenue growth from 2022 to 2024 [2] - Magnesium Health Technology Co., Ltd. focuses on innovative payment solutions for medical expenses, being the largest provider of innovative health insurance solutions in China by policy count [3] - Yangtuo Technology Inc. operates a trading and service platform for home care and nutrition products, holding a 10.1% market share in the low-tier market [4] - Xiamen Ruiwei Information Technology Co., Ltd. specializes in image intelligent analysis products and solutions, leveraging machine learning and computer vision technologies [5] - Zijin Gold International Limited is a leading global gold mining company, ranking ninth in gold reserves and eleventh in production as of 2024 [6] - EVE Energy Co., Ltd. is a leading lithium battery platform company, ranking first in China for consumer cylindrical battery shipments and second globally for energy storage battery shipments [7] - Zhejiang Yifei Intelligent Technology Co., Ltd. is a leading industrial robotics company in China, focusing on the light industry [8] - ChipMight Semiconductor Technology (Hangzhou) Co., Ltd. is a leading power semiconductor company, ranking second in the global OLED display PMIC market [9] - Beijing Tongrentang Medical Investment Co., Ltd. is the largest non-public Chinese medicine hospital group by outpatient and inpatient visits [11] - Shandong Linglong Tire Co., Ltd. is the largest OE tire manufacturer in China and the third largest globally [12] - Magnesium Holdings Limited is an innovative automotive technology company focused on AI-driven integrated domain control solutions [13] Group 2: Public Offerings and New Listings - Seven companies initiated their public offerings, including Anjii Foods, which had a subscription rate of 44.2 times for its public offering [14][15] - Other companies like Lens Technology and Fortior also initiated their public offerings with significant interest from cornerstone investors [16][19] - Five new stocks were listed, including Yunzhisheng, which saw a closing price increase of 44.59% on its first day [20][21][22][23] Group 3: Market Insights - The Hong Kong Stock Exchange raised over HKD 107 billion in the first half of 2025, with a 20% increase in the Hang Seng Index [24] - The biopharmaceutical sector has seen a resurgence, with 10 companies successfully listing in the first half of 2025, compared to only 12 for the entire previous year [25][26] - The total fundraising amount for the biopharmaceutical sector reached HKD 15.6 billion in the first half of 2025, indicating strong market interest [26][27]

Core Viewpoint - Magnesium Technology Co., Ltd. has submitted an application for a main board listing, focusing on AI-driven integrated domain control solutions, despite incurring over 1 billion RMB in losses over the past three years [1][3]. Financial Performance - The company reported revenues of 388 million RMB, 1.513 billion RMB, and 1.42 billion RMB for the years 2022, 2023, and 2024, respectively, with cumulative losses exceeding 1 billion RMB [4][5]. - The gross profit margins for the same years were 19.0%, 12.1%, and 21.8%, indicating fluctuations in profitability [5]. - Operating cash outflows increased over the reporting period, with net cash outflows of 499 million RMB, 332.5 million RMB, and 560.7 million RMB, primarily due to investments in product development and customer acquisition [4]. Customer and Supplier Concentration - The company faces high customer concentration risk, with the top five customers contributing 92.8%, 91.2%, and 84.7% of total revenue during the reporting period [6]. - The largest single customer accounted for 52.8%, 53.0%, and 22.8% of total revenue in the respective years [6]. - Supplier concentration is also a concern, with the largest supplier providing 48.3%, 48.2%, and 34.3% of total procurement, and the top five suppliers accounting for 69.1%, 82.4%, and 77.2% of total procurement [6]. Operational Model - The company operates on an outsourcing model, relying on third-party manufacturers for the assembly and delivery of integrated domain control solutions, which exposes it to risks related to production delays and quality control [7][8]. - The absence of in-house manufacturing facilities means that any disruptions in the supply chain or production capacity at third-party manufacturers could adversely affect the company's operations [7]. Accounts Receivable and Turnover - Trade receivables have increased significantly, with amounts of 157 million RMB, 669 million RMB, and 649 million RMB reported for the years 2022, 2023, and 2024, respectively [9][10]. - The turnover days for trade receivables have also risen, indicating potential challenges in cash flow management [9]. Seasonal Fluctuations - The company's financial performance is subject to seasonal fluctuations aligned with the automotive production and sales cycles, typically peaking in the second and third quarters [11].

Group 1 - The company forecasts a net profit from non-recurring gains between 455 million to 485 million yuan, representing an increase of 26.76% compared to the same period last year [1] - The net profit from regular operations is expected to be between 470 million to 508 million yuan, showing a year-on-year growth of 62.51% to 75.65%, with an increase of 180.78 million to 218.78 million yuan [1] - The previous year's net profit attributable to the parent company was 386.56 million yuan, with a net profit excluding non-recurring gains of 289.22 million yuan [1] Group 2 - The company is advancing its "fully embrace AI" strategy, integrating AI technology deeply into business scenarios, which has enhanced product competitiveness and profitability [2] - The Ultra S2 and ADAS calibration systems are utilizing "repair large models" and AI agents, leading to increased sales and customer recognition [2] - The AI digital repair application business has experienced rapid growth, enhancing market influence and profitability [2] Group 3 - The company has made significant breakthroughs in major global markets such as Europe and the United States, achieving top-tier clients in various industries including energy, transportation, and hospitality [2] - The AI digital source business achieved profitability in the second quarter [2] - The company is focusing on management innovation and operational efficiency optimization, leading to continuous improvements in quality and cost reduction [2]