Core Viewpoint - The company plans to acquire a 13% stake in Guizhou Qiantong Zhiliang Technology Co., Ltd. for 113 million yuan, enhancing its capabilities in the transportation big data sector [1] Group 1: Investment Details - The company intends to use its own or raised funds amounting to 113 million yuan for the acquisition [1] - The target company, Guizhou Qiantong Zhiliang Technology, is a comprehensive service provider in smart transportation, primarily focusing on the ETC industry chain and smart transportation information technology services [1] Group 2: Business Operations - Guizhou Qiantong Zhiliang Technology's main business areas include ETC issuance and customer service, derivative businesses related to ETC, network transmission and security, digital transformation of transportation infrastructure, and smart highway construction [1] - The company possesses a large-scale ETC user resource base and traffic scene data, along with mature system integration capabilities for smart highways [1] Group 3: Strategic Implications - The investment is expected to enhance the company's service capabilities in the transportation big data field, facilitating resource integration and business collaboration between the two entities [1] - This move aims to improve the competitiveness of overall solutions offered by the company [1]

Core Viewpoint - The company Century Hengtong plans to acquire a 13% stake in Qiantong Zhiliang Technology Co., Ltd. for 113 million yuan, aiming to strengthen its strategic layout in industrial data services [1]. Group 1: Acquisition Details - The acquisition involves purchasing the stake from ICBC Investment, with the transaction valued at 113 million yuan [1]. - Following the completion of the transaction, Qiantong Zhiliang will become an associate company of Century Hengtong [1]. Group 2: Company Profile - Qiantong Zhiliang is a comprehensive service provider in smart transportation, primarily focusing on the ETC (Electronic Toll Collection) industry chain services and smart transportation information technology services [1]. - The company is controlled by Guizhou Highway Group, indicating a strong backing in the transportation sector [1].

Core Viewpoint - Century Hengtong (301428.SZ) plans to acquire a 13% stake in Guizhou Qiantong Zhilian Technology Co., Ltd. for 113 million yuan, enhancing its capabilities in the transportation big data sector [1] Group 1: Company Overview - Guizhou Qiantong Zhilian Technology Co., Ltd. is a smart transportation comprehensive service provider controlled by Guizhou Expressway Group, focusing on the ETC industry chain services and smart transportation information technology services [1] - The company's main business includes ETC issuance and customer service, ETC derivative businesses, network transmission and security, digital transformation of traffic infrastructure, and smart highway construction [1] Group 2: Strategic Implications - The acquisition will help the company strengthen its service capabilities in the transportation big data field, facilitating resource integration and business collaboration between the two entities [1] - Century Hengtong aims to enhance the competitiveness of its overall solutions through this investment [1]

Core Insights - Jiaodu Technology (600728) has initiated its listing plan on the Hong Kong Stock Exchange, marking the beginning of its "A+H" listing journey, with joint sponsors including GF Securities, CITIC Securities, and Agricultural Bank of China International [1] - The company focuses on smart rail transit and smart city transportation, leveraging AI, big data, and digital twin technologies to enhance urban transportation [1] - The A+H listing aims to broaden overseas financing channels, enhance international brand influence, and support the internationalization of its AI technology and smart transportation business [1] Company Developments - Since its first project in 2004 with the Guangzhou Metro Line 4 automatic ticketing system, the company has achieved significant technological breakthroughs and deployed smart transportation solutions in over 100 cities, including Shanghai, Guangzhou, and Chengdu [1] - As of June 30, 2025, Jiaodu's intelligent products and services will cover 45 cities and over 2,200 metro stations, contributing to the digital and intelligent upgrade of more than 4,100 kilometers of metro networks nationwide [1] Technological Innovations - The company has developed the world's first large model for the transportation industry, "Zhixing Model," which supports complex applications such as real-time network status prediction and dynamic signal control optimization [1] - Jiaodu Technology has introduced the first domestic open-source operating system for the transportation industry, "Jiaohong," which facilitates seamless collaboration and computing power sharing among various transportation devices [2] Future Plans - According to the prospectus, the company plans to increase investment in R&D, focusing on AI-driven edge intelligence systems and city-level multimodal transportation digital twin platforms [2] - The company also aims to strategically invest in and acquire technologies in the smart transportation and advanced AI sectors to enhance its technological capabilities and global competitiveness [2]

Core Viewpoint - Jiadu Technology Group Co., Ltd. has submitted an H-share prospectus to the Hong Kong Stock Exchange, aiming to establish itself as a leading AI-driven smart city transportation solution provider in China [1][2] Group 1: Company Overview - Jiadu Technology focuses on two main business systems: smart rail transit and smart city transportation, leveraging its strong technological foundation to support digital transformation across various industries [1] - The company emphasizes an "AI + Vertical Transportation" core strategy, utilizing self-developed AI models, industrial control, and big data technologies to promote the industrialization of "AI + rail transit" and "AI + urban transportation" [1] - Jiadu Technology aims to create a global leading digital infrastructure for urban transportation, integrating both above-ground and underground systems, showcasing its commitment to the smart transportation niche [1] Group 2: Market Position and Achievements - As of June 30, Jiadu Technology has achieved an 85% coverage rate in China's rail transit cities, indicating a strong market presence [1] - The company ranks first in the market for urban station operation management systems in China for 2024 and is among the top fifteen in the urban smart transportation systems sector [1] - Jiadu Technology has made several industry firsts, including the launch of the world's first large model in the transportation vertical and the first open-source operating system for the transportation industry [1] Group 3: Future Prospects - Following a successful H-share listing, Jiadu Technology is expected to become the first AI transportation A+H stock, potentially achieving a valuation premium in the Hong Kong capital market due to its differentiated positioning and technological strength [2]

香 港 聯 合 交 易 所 有 限 公 司 及 證 券 及 期 貨 事 務 監 察 委 員 會 對 本 申 請 版 本 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 申 請 版 本 全 部 或 任 何 部 分 內 容 而 產 生 或 依 賴 該 等 內 容 而 引 致 的 任 何 損 失承擔任何責任。 PCI Technology Group Co., Ltd. 佳都科技集團股份有限公司 （「本公司」） （在中華人民共和國註冊成立的股份有限公司） PCI Technology Group Co., Ltd. 佳都科技集團股份有限公司 的申請版本 警 告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證監會」）的要求而刊發， 僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其內所載資訊並不完整，亦可能會作出重大變動。 閣下閱覽本文件，即代表 閣下知悉、 接納並向本公司、本公司的聯席保薦人、保薦人兼整體協調人、整體協調人、顧問或包銷團成員表示同意： 倘於適當時候向香港公眾人士提出要約或 ...

Core Viewpoint - The company asserts its position as a leading enterprise in the smart transportation and intelligent IoT sectors, backed by solid technology, diverse application cases, and forward-looking industry layout [1] Group 1: Company Positioning - The company claims to be one of the leading enterprises in the smart transportation and intelligent IoT fields, supported by a robust technology product system and rich application scenarios [1] - The company maintains a high level of R&D investment annually, covering full-stack capabilities including artificial intelligence algorithms, intelligent sensors, and cloud-edge collaboration [1] Group 2: Product Implementation - The company has successfully commercialized products in smart transportation, such as intelligent perception and coordination stations, and vehicle-road collaboration solutions [1] - In the intelligent IoT sector, products like the Hunting Light 3.0 camera and AI video charging piles have been scaled for use in emergency and campus scenarios [1] Group 3: Future Strategy - The company plans to continue focusing on its core business, keeping pace with technological innovations and industry changes, while enhancing internal management precision [1] - The company is committed to actively monitoring capital market policies and directions to achieve positive resonance between industry and capital [1]

Group 1: Global Governance and Cooperation - The article emphasizes the consensus among many countries to deepen connectivity and jointly implement global governance initiatives amid profound changes in the global governance system [1] - The 2025 Eurasian Economic Forum serves as a platform for domestic and international participants to discuss hot topics in Eurasian development and provide intellectual support for regional cooperation [1] Group 2: Digital Economy and Urban Development - The ninth Silk Road Economic Belt City Roundtable Conference highlights the digital economy as a core engine driving high-quality urban development [2] - Xi'an has been focusing on national digital economy strategies, enhancing digital infrastructure like 5G and data centers, and promoting the integration of digital technology with various sectors [3] Group 3: International Collaboration and Knowledge Sharing - The conference facilitated discussions on smart transportation, ecological digital monitoring, and cross-border data sharing, leading to potential cooperation intentions among participating countries [3] - The establishment of a think tank cooperation mechanism during the 2025 Eurasian Economic Forum aims to enhance policy communication and economic connectivity among Eurasian countries [8][9] Group 4: Reports and Research Findings - The "Belt and Road Initiative: Eurasian Economic Observation" report provides insights into the dynamics and trends in trade and industrial cooperation among Eurasian countries [9][10] - The "China-Central Asia Economic Cooperation Report" analyzes the cooperation mechanisms and policy optimization paths for China-Central Asia economic interactions, aiming to facilitate high-quality project and enterprise collaborations [10]

Group 1 - The company, Qianfang Technology, is recognized as a leading enterprise in the fields of smart transportation and intelligent IoT [1] - The company emphasizes its solid technical product system, rich practical case scenarios, and forward-looking industry layout [1]

Company Overview - Jinli Technology Co., Ltd. is located in Shenzhen, Guangdong Province, and was established on May 20, 2004. The company went public on May 15, 2017. Its main business involves application development, product innovation, and promotion in the fields of smart transportation and the Internet of Things (IoT) [1]. - The revenue composition of Jinli Technology is as follows: ETC products account for 72.83%, automotive electronics 23.83%, other products 1.85%, and smart IoT products 1.50% [1]. Stock Performance - On September 24, Jinli Technology's stock rose by 5.1%, reaching a price of 31.35 yuan per share, with a trading volume of 210 million yuan and a turnover rate of 4.29%. The total market capitalization is 5.629 billion yuan [1]. Shareholder Information - Huashang Fund has a presence among the top ten circulating shareholders of Jinli Technology. The Huashang Advantage Industry Mixed A Fund (000390) entered the top ten shareholders in the second quarter, holding 788,300 shares, which represents 0.5% of the circulating shares. The estimated floating profit today is approximately 1.1982 million yuan [2]. - The Huashang Advantage Industry Mixed A Fund was established on December 11, 2013, with a latest scale of 4.055 billion yuan. Year-to-date returns are 90.71%, ranking 129 out of 8,173 in its category; the one-year return is 122.01%, ranking 310 out of 7,996; and since inception, the return is 1,222.09% [2]. Fund Management - The fund manager of Huashang Advantage Industry Mixed A is Zhang Mingxin, who has been in the position for 205 days. The total asset size of the fund is 4.24 billion yuan, with the best fund return during his tenure being 93.25% and the worst being 7.03% [3].