Core Viewpoint - Chengdu Qinchuan Internet of Things Technology Co., Ltd. has revised its articles of association to enhance corporate governance and ensure the legal rights of employees, including the addition of an employee representative director to the board [1][2]. Group 1: Basic Information - The company held its 19th meeting of the third board of directors on July 23, 2025, and approved the proposal to amend the articles of association [1]. - The revised articles stipulate that the board of directors shall consist of five to nine members, with independent directors making up at least one-third of the board [1]. - The board will include one employee representative director elected by the employees, without requiring shareholder approval [1]. Group 2: Employee Representative Director Election - The company held an employee representative meeting on August 8, 2025, where Wang Jun was unanimously elected as the employee representative director [2]. - Wang Jun's term will last until the end of the current board's term [2]. - The election complies with the Company Law of the People's Republic of China and the revised articles of association [2]. Group 3: Board Composition - Following the board changes, the number of directors increased from five to six, including two independent directors and one employee representative director [2]. - The new board composition meets the requirements set forth in the Company Law and the revised articles of association [2].

Core Viewpoint - The legal opinion letter from Beijing King & Wood Mallesons (Chengdu) Law Firm confirms that the procedures for convening and holding the 2025 First Extraordinary General Meeting of Chengdu Qinchuan Internet of Things Technology Co., Ltd. comply with relevant laws, regulations, and the company's articles of association [1][10]. Group 1: Meeting Procedures - The company decided to hold the 2025 First Extraordinary General Meeting on August 8, 2025, and published the notice on designated information disclosure platforms [3][4]. - The meeting was held at the company's conference room, presided over by Chairman Shao Zehua, with a specified time for online voting [4][6]. Group 2: Attendance and Qualifications - A total of 47 individuals attended the meeting, representing 106,315,271 shares, which is 67.4747% of the total voting shares [5][6]. - The meeting included 41 participants who voted online, representing 222,883 shares, or 0.1415% of the total voting shares [4][5]. Group 3: Voting Procedures and Results - The voting was conducted through a named voting method, and the results were verified by the law firm, ensuring compliance with legal and regulatory requirements [6][10]. - The resolutions were passed with significant support, with 106,523,692 shares voting in favor, accounting for 99.9864% of the votes cast [8][10].

Meeting Overview - The shareholders' meeting of Chengdu Qin Chuan Internet of Things Technology Co., Ltd. was held on August 8, 2025 [1] - The meeting took place at the company's conference room located at No. 931, South Fourth Road, Economic Development Zone, Longquanyi District, Chengdu [1] - A total of 47 ordinary shareholders attended the meeting, holding 106,538,154 voting rights, which accounts for 67.6162% of the company's total voting rights [1] Voting Results - All non-cumulative voting proposals were approved with the following voting results: - Proposal 1: 106,523,692 votes in favor (99.9864%), 14,462 votes against (0.0136%), and no abstentions [2] - Proposal 2: 106,521,692 votes in favor (99.9845%), 14,462 votes against (0.0135%), and 2,000 abstentions (0.0020%) [2] - Proposal 3: 106,516,784 votes in favor (99.9799%), 19,370 votes against (0.0181%), and 2,000 abstentions (0.0020%) [2] - Proposal 4: 106,523,692 votes in favor (99.9864%), 14,462 votes against (0.0136%), and no abstentions [2] Legal Compliance - The meeting was conducted in accordance with the Company Law, Securities Law, and relevant regulations, ensuring the legality of the convening and voting procedures [3]

Group 1 - The core viewpoint of the news highlights the significant performance of various indices related to robotics, consumer electronics, smart electric vehicles, and the Internet of Things (IoT) [1][3][4][5] - The National Robot Industry Index increased by 6.8%, while the Consumer Electronics Theme Index rose by 1.2%, the Smart Electric Vehicle Index by 0.7%, and the IoT Theme Index by 0.2% [1] - The E Fund Robot ETF (159530) saw a net subscription of 51 million shares, marking four consecutive days of net inflow, with a total scale reaching 4.22 billion yuan, ranking first among similar ETFs [1] Group 2 - The 2025 World Robot Conference, themed "Making Robots Smarter and Bodies More Intelligent," opened with over 200 domestic and international robot companies showcasing more than 1,500 exhibits, including over 100 new products [1] - The Smart Electric Vehicle Index focuses on intelligent electric vehicles as a representative direction for embodied intelligence, covering various segments of the industry chain [3] - The Consumer Electronics Theme Index emphasizes AI hardware as a primary category of smart terminals, comprising stocks from companies involved in component production and complete product design and manufacturing [4] - The IoT Theme Index serves as a crucial foundation for achieving connectivity among smart terminals, including stocks from companies engaged in information collection, transmission, and IoT applications [5] Group 3 - The historical performance of the indices shows that the National Robot Industry Index has a year-to-date increase of 23.5% and a one-year increase of 70.5% [8] - The Smart Electric Vehicle Index has a year-to-date increase of 3.2% and a one-year increase of 32.5% [8] - The Consumer Electronics Theme Index has a year-to-date increase of 5.8% and a one-year increase of 41.1% [8] - The IoT Theme Index has a year-to-date increase of 4.4% and a one-year increase of 33.7% [8]

第三次到访中国的Jerry在航班落地深圳后，打开背包，拿出身份证大小的"黑科技"设备熟练地接入手机 ——境内外网络快速切换，信号图标出现。他从容地回复各类信息并向好友报平安。 Jerry使用的跨境联网神器是深企新讯集团研发、推出的国际随意联产品。这类便携式、随意联产品，正 在悄然改变跨境文旅、商贸、访问等国际出行的联网体验。 据悉，为方便不同客户需求，新讯国际随意联产品已形成完整产品矩阵，推出了充电宝和Mifi两款终端 产品，涉及东南亚、日韩、欧洲等地区和国家的型号设备，满足不同地区和不同类型用户的需求。同 时，针对不同地区用户特点的定制和升级版本，也在打造中。 技术破局联网更"丝滑" 在网络覆盖方面，目前，产品已打通全球50余个国家和地区的本地优质网络资源。依托联通自主研发的 格物CMP平台，产品实现与香港核心节点的无缝对接，确保网络连接的稳定安全。"我们特别设计了入 境服务版本，有效解决海外用户来华的实名认证难题。"王琦远说。 公司流量运营负责人张炜玲介绍，通过与本地联通合作，并采用联通实名制小程序实现护照实名，开机 即可享受网络服务。 产品矩阵织密"跨境网" Jerry介绍，自己经常出国交流和旅行，对流 ...

Core Viewpoint - Minsheng Securities issued a report on August 8, recommending XingShi Network (688475.SH, latest price: 33.78 yuan) based on its strong positioning in AI and IoT technologies, which are expected to drive the company's growth in creating smart living ecosystem solutions [2]. Group 1 - The company leverages AI and IoT cloud technology as dual core drivers to build intelligent living ecosystem solutions [2]. - The company strengthens its AIoT competitive barriers, with the Blue Ocean Model 2.0 empowering vertical scenarios [2]. - The company enhances its domestic and international retail channel matrix construction, improving end-user reach [2].

截至午间收盘，中证智能电动汽车指数下跌0.3%，中证消费电子主题指数下跌0.6%，中证物联网主题指数下跌0.7%，国证机器人产业指数下跌0.8%。机器 人ETF易方达（159530）半日成交额近2亿元，截至昨日，该产品近一月"吸金"超20亿元，最新规模超42亿元、居同标的ETF第一。 消费电子ETF易方达 C 眼踪中证消费电子主题指数 该指数聚焦的AI硬件是目前 主要的智能终端品类,由业 务涉及元器件生产、整机品 牌设计及生产等消费电子相 关公司股票组成。 跟踪中证智能电动汽车指数 该指数聚焦的智能电动汽 车有望成为具身智能落地 的代表性方向之一，覆盖 动力系统、感知系统、决 策系统、执行系统、通讯 系统、整车生产等产业链 环节。 截至午间收盘 该指数涨跌 截至午间收盘 该指数涨跌 -0.6% 物联网ETF易方达 眼踪中证物联网主题指数 -0.3% 每日经济新闻 ...

Group 1 - The core viewpoint of the report is that due to the downward adjustment of industry valuation, the target price for Xiaomi Group-W (01810) has been lowered by 9% to HKD 70, which corresponds to adjusted net profit P/E ratios of 34.4 times and 25.1 times for the next two years, indicating a potential upside of 29.6% [1] Group 2 - The company is expected to achieve a revenue growth of 32.71% year-on-year in Q2, reaching RMB 117.97 billion, with adjusted net profit increasing by 64.84% to RMB 10.18 billion [1] - In the smartphone segment, due to intense competition in the low-price market, the average selling price (ASP) has slightly decreased year-on-year, leading to a 1.6% decline in smartphone revenue to RMB 45.79 billion, with a gross margin decrease of 0.6 percentage points to 11.5% [1] - The Internet of Things (IoT) segment is projected to see a revenue increase of 36% year-on-year in Q2, reaching RMB 36.39 billion, with a gross margin increase of 3.3 percentage points to 23% [1] - The internet services segment is expected to grow by 11% year-on-year in Q2, with revenue reaching RMB 9.18 billion, although the gross margin is expected to decline by 2.3 percentage points to 76%, maintaining a healthy overall level [1] - Additionally, the company is anticipated to deliver 81,000 units of the Xiaomi SU7 in Q2, generating revenue of RMB 25.92 billion, with a sequential gross margin increase of 1 percentage point to 24.2% [1]

该行预计，小米今年第二季收入同比增32.71%，至1179.67亿元人民币(下同)，经调整净利润同比增 64.84%至101.79亿元。手机业务方面，考虑低价市场竞争激烈，季度小米ASP同比微降，手机收入同比 降1.6%至457.92亿元，毛利率亦同比降0.6个百分点至11.5%。 物联网(IoT)第二季收入料同比增长36%至363.94亿元，毛利率同比增3.3个百分点至23%。互联网业务服 务板块收入于次季同比增11%至91.75亿元，毛利率同比降2.3个百分点至76%，整体维持健康水平。另 外，该行亦预计小米SU7第二季交付量8.1万台，对应收入259.2亿元。毛利率季比升1个百分点至 24.2%。 智通财经APP获悉，中金发布研报称，考虑到行业估值中枢下移，下调小米集团-W(01810)目标价9%至 70港元，对应今明两年34.4倍及25.1倍的经调整净利润市盈率，仍有29.6%的上行空间。维持"跑赢行 业"评级。 ...

Group 1 - A new company, Changsha Leyu Xinghe Education Technology Development Co., Ltd., has been established with a registered capital of 1 million RMB [1] - The legal representative of the company is Zhou Lang [1] - The company's business scope includes various artificial intelligence (AI) related services and products, such as AI hardware sales, software development, and intelligent robot sales [1] Group 2 - The company is involved in the development and sales of wearable smart devices and health consulting services [1] - It also offers services related to the Internet of Things (IoT) technology and information system integration [1] - The company is positioned to engage in both domestic trade and technology import/export activities [1]