Group 1 - The core viewpoint of the article is that Jiadu Technology Group plans to issue H-shares and list on the Hong Kong Stock Exchange as part of its global strategy to enhance financing channels and expand its technology application market [2] - Jiadu Technology has previously contributed to the digital transformation of Hong Kong's subway system, enhancing operational efficiency and service quality through initiatives like the QR code payment service [2] - The company aims to improve its international visibility and align its governance with international standards, thereby strengthening its global competitiveness [2] Group 2 - The trend of A-share companies pursuing secondary listings in Hong Kong is supported by favorable policies and the attractiveness of Hong Kong as an international financial center [3] - The Hong Kong market offers a rich variety of financing tools and attracts international investors, which is beneficial for companies looking to expand their global brand image [3] - The supportive policies, continuous optimization of the Hong Kong stock market, and increasing attention from international investors towards Chinese enterprises create a favorable external environment for A-share companies to list in Hong Kong [3]

Core Viewpoint - The company is focusing on enhancing its technology research and product innovation capabilities to seize opportunities in the thermal management system business as the electric vehicle industry rapidly develops [2]. Group 1: Company Performance - As of June 30, 2025, the company's stock closed at 13.02 yuan, an increase of 5.51%, with a turnover rate of 22.22%, trading volume of 303,800 hands, and a transaction amount of 386 million yuan [1]. Group 2: Business Strategy - The company aims to continuously improve its product delivery and service capabilities, enhance customer satisfaction and brand loyalty, and achieve sustainable development [2]. - The company’s main business segments include integrated AFC systems for rail transit, ETC business for road traffic, and thermal management system equipment [7]. Group 3: Digital Currency and Market Expansion - The company currently does not have any digital currency business and is focusing on integrated projects involving payment scenarios with AFC and ETC devices [4][5][7]. - The company is coordinating with other parties for potential digital currency applications but has not yet launched any related business [13]. Group 4: Technical Advantages - The company's thermal management business includes products such as liquid cooling systems for power batteries, energy storage systems, complete vehicle thermal management systems, and rail transit thermal management systems [10]. Group 5: Investment Activities - The company has made minor investments in related companies through funds, but these holdings do not significantly impact its main business operations [11][12]. Group 6: Market Activity - On June 30, the company experienced a net inflow of 27.57 million yuan from institutional investors, while retail investors saw a net outflow of 30.26 million yuan [14][15].

6月29日，广州地铁十号线、十二号线正式开通初期运营。佳都科技作为广州地铁的重要生态合作伙伴 和智慧地铁整体解决方案服务企业，承担了广州地铁十号线、十二号线的公专通信系统、站台门、售检 票系统、综合监控、乘客信息系统、智能环控、设备监控系统、智能客服等融合智慧车站的多系统智能 化系统集成，自研的核心智能终端产品、智慧数字平台、智能化解决方案等多项创新产品全面落地应 用，圆满完成广州地铁十号线首通段、十二号线东西段全线开通初期运营交付，为广州地铁的数字化转 型提供了坚实支撑。 佳都科技以智能化、数字化为核心，切实提升了十号线、十二号线的安全性、效率、乘客体验和运维水 平，为"轨道上的大湾区"建设提智增效。未来，佳都科技将继续携手广州地铁，打造更多安全、便利、 智慧的数智化示范线路，共绘大湾区交通发展的新篇章。 为满足新线路智慧运营、乘客服务、安全运维和智慧应急要求，佳都科技自主研发的智慧运营管控平 台，为十号线、十二号线安装智能的"车站大脑"，深度整合集成了20多个不同厂商、不同协议的子系 统，数据融合、跨设备协同，通过统一平台"一键联动"，实现一键开关站、视频巡检、客流预警、运营 调度、应急预案、运维助手等场 ...

作为公交领域时序数据智能服务的佼佼者，元光科技凭借旗下 "车来了" 品牌积累了深厚的技术实力与市场资源。依托先进的大数据分析、人工智能算法， 公司能够实时采集、处理公交运行的时序数据，为用户提供精准的公交实时到站查询、智能出行规划等服务。目前，"车来了" 已覆盖全国数百座城市，累 计注册用户超亿人，日均活跃用户数量可观，成为众多市民日常出行的必备工具。同时，元光科技还为公交企业、政府部门提供智能调度、运营分析等解决 方案，助力提升城市公共交通的运营效率与服务质量。 随着智慧城市建设的加速推进，公共交通智能化需求日益旺盛。元光科技所处的公交时序数据智能服务赛道迎来广阔的发展空间。无论是优化市民出行体 验，还是推动公交行业数字化转型，元光科技的技术与服务都发挥着关键作用。此次登陆港交所，公司有望借助资本市场的力量，进一步加大研发投入，拓 展业务版图，巩固自身在行业内的领先地位。 资本市场迎来智能交通领域新动态！中国公交领域领先的时序数据智能服务提供商元光科技（MetaLight，旗下品牌 "车来了"，股票代码：2605）正式递交 招股书，宣布将于 2025 年 6 月 10 日登陆港交所。此次 IPO，公司计划发 ...

Core Insights - The development of smart transportation is a key focus for China's 14th Five-Year Plan, with the Ministry of Transport emphasizing the need for innovative, demonstration, and application projects to promote overall development [1][2] - The Minister of Transport, Liu Wei, highlighted that accelerating smart transportation development is crucial for fostering new productive forces, enhancing international competitiveness, and meeting the needs of the public for a better life [1][2] - The establishment of a national key laboratory for intelligent transportation aims to address critical issues in the industry and enhance innovation capabilities across the entire value chain [3][5] Group 1: Strategic Development - The Ministry of Transport plans to actively seek diverse funding and social resource investments to drive the development of smart transportation [1][2] - A comprehensive evaluation of the current stage of smart transportation development in China will be conducted, with a focus on aligning with higher-level planning goals [1][2] - The Ministry aims to develop a robust indicator system for smart transportation during the 14th Five-Year Plan period, with long-term goals set for 2030 and 2035 [1][2] Group 2: Expert Involvement - A panel of ten experts, including academicians and industry leaders, participated in the expert symposium on smart transportation development, representing cutting-edge research in the field [2][5] - The key laboratory for intelligent transportation, initiated in 2023, will focus on digitalization, intelligent control, and integrated vehicle-road-cloud systems [2][3] - Experts emphasized the importance of integrating safety, efficiency, and sustainability in future transportation systems, aiming for zero fatalities and emissions [5][6] Group 3: Technological Advancements - The rise of intelligent connected vehicles is transforming transportation methods, with pilot cities identified for the "vehicle-road-cloud integration" application [6] - Data flow and real-time exchange are critical for the success of smart transportation, with current challenges in high-quality data supply and application [6] - Companies like China Transportation Information Technology Group and Gaode Map are leveraging AI and big data to enhance transportation efficiency and safety [6]

Core Insights - The development of urban rail transit is crucial for enhancing public transportation quality and efficiency, with smart technology becoming a significant growth driver in the industry due to technological advancements and ongoing policy support [1][2] Group 1: Industry Growth and Policy Support - The "Guideline for the Development of Smart Urban Rail Transit" released in 2020 has profoundly impacted the domestic urban rail transit sector, leading to the opening of 54 fully automated lines across 23 cities by the end of 2024, surpassing the initial target of 1,000 kilometers by 2025 [1] - The Chinese smart transportation market has doubled in the past four years, reaching a scale of approximately one trillion yuan, benefiting from strong government support for technological innovation [1] Group 2: Company Developments and Technological Advancements - Jiadu Technology has launched the first vertical large model in the domestic transportation sector, enhancing its competitive edge in smart transportation [2] - The training efficiency of Jiadu's large model is expected to increase by over 150% in 2024, with successful optimization on domestic GPU clusters [2][3] - Jiadu has completed over 100 large-scale smart rail transit projects across more than 40 cities, showcasing its strong industry experience and project delivery capabilities [3] Group 3: Financial Performance - In Q1 2025, Jiadu Technology reported a revenue of 2.254 billion yuan, a year-on-year increase of 106.26%, and a net profit of 120 million yuan, marking a turnaround from losses [3] Group 4: Market Expansion and Strategic Investments - Jiadu Technology is accelerating its business expansion through strategic investments in various AI companies, enhancing its technological capabilities and commercial applications [5] - The company is also expanding its presence in overseas markets, establishing strategic partnerships in Europe and Southeast Asia, with plans to further penetrate the Middle East and North Africa [6] - The global smart transportation market is estimated to be around 300 billion USD, with Chinese companies currently holding a 5% market share, which could potentially grow to 25% in the future [6]

有一个特别的"产品"，它并不是我们伸手就能触摸到、或者能够直接购买的，但却同样快速改变着我们的生活。它就是今年多地落地应用的可以实现"车路 云一体化"的"智慧大脑"。有了这个大脑，城市越来越智慧、出行越来越顺畅。 总台记者 何俊儒：我们的车子现在目前是以45公里每小时的时速正在行驶，就刚刚临近红绿灯的时候，我们的路面的交通指示灯是从红色亮成了绿色。 这样的畅行并不是巧合，而是通过合理设计干道上各个交叉口红绿灯的启亮时序，结合车辆行驶速度计算，让行驶的车辆在通过路口时，可以"刚好"遇到绿 灯，做到少停车或不停车。 0:00 汽车刚行驶一会，导航便提示进入"绿波路段"。对于这种"车道变绿"的现象，您是不是觉得特别有意思？就像开进了一条特殊通道，不用频繁踩刹车、等红 灯，一路畅行无阻。 不仅可以享受"一路绿灯"，红绿灯的时长还可以自动调节。以往交通信号灯是固定时长，经常出现一个路口内南北向没车了，东西向司机仍在等红灯的情 况。现在，一旦监测到路口无车，系统便会自动将红灯切换为绿灯，放车通行。 除了调度高效通行，眼下，这个"智慧大脑"还收录了全市的停车场信息，车主通过手机简单操作，就能找到周边的停车位。 城市畅行背后 ...

分享一篇文章。 赛文交通网 被迫维权追款，智能交通企业的生存之路在何方？ 原创 阅读全文 ...

赛文交通网 被迫维权追款，智能交通企业的生存之路在何方？ 原创 阅读全文 分享一篇文章。 ...

以下是知识星球里面一位同学的提问： 请问VLA和VLM的区别是什么？现在推荐学哪个呢？ 这两者互为表里： 点击下方 卡片 ，关注" 自动驾驶之心 "公众号 戳我-> 领取 自动驾驶近15个 方向 学习 路线 大模型已经席卷各个领域，在智能驾驶领域，VLM也正在逐渐铺开落地量产。 不少入门的小伙伴也表示，现在大模型太重要了，想要入门学习，但有点拿不准方向。 1、VLM可以理解基础的能力，可以是通用的检测、问答、空间理解、思维链等等能力 2、VLA更侧重Action的能力，最终目的是为了做动作，在自动驾驶中可以理解为自车轨迹预测的能力，通时预 测的轨迹又要尽可能的符合人类的理解，这又进一步依赖vision和language的基本能力，比如我要解释这个行 为，可以使用思维链的形式一步步推理分析，这里面依赖自动驾驶基础的感知（行人在哪里，2D坐标，3D位置 等等） 这两者没办法完全独立的学习，我认为的方式应该是先学VLM，再去扩展到VLA VLM接扩散模型就可以预测轨迹，也就是Action，这块就涉及到多模轨迹的好处了，面对不确定的环境，单模 的能力有限，多模的上限是更高的 最后欢迎大家加入知识星球，硬核资料在星球置 ...