Core Viewpoint - The founder of Chasing Technology, Yu Hao, has responded to bankruptcy rumors, asserting that the company has sufficient cash flow and is in good operational condition, while also highlighting significant stock buybacks that increased his ownership stake from 45% to 70% [1] Company Overview - Chasing Technology was established in 2017 and focuses on high-speed digital motors, intelligent algorithms, and motion control technology, producing products such as robotic vacuum cleaners, wireless vacuum cleaners, smart floor washers, and high-speed hair dryers [2] Recent Developments - The company is expanding into the automotive and astronomy sectors, with plans to launch a luxury electric vehicle by 2027 and a new business unit focused on intelligent astronomical optical systems [3] - Chasing Technology reported that its revenue for the first half of the year exceeded the total revenue for the entire year of 2024, driven by product upgrades and a deepened global strategy, with products available in over 100 countries and regions [3]

Group 1 - The core viewpoint of the articles highlights the strategic expansion of Chasing Technology into the astronomical sector with the establishment of a dedicated business unit focusing on intelligent astronomical optical systems and the development of a large aperture telescope [1] - Chasing Technology's revenue for the first half of 2025 is expected to significantly exceed the total revenue for 2024, driven by product upgrades and a deepened global strategy [2] - The company plans to enter the automotive sector with a luxury electric vehicle aimed at competing with Bugatti, with a dedicated team of nearly 1,000 people already established for research and production [2] Group 2 - Chasing Technology has launched its astronomical business unit, which aims to tackle the challenges of mass production of large optical lenses and develop features like AI-based atmospheric compensation and deep space tracking [1] - The company has filed a total of 6,379 patents globally, with 45% being invention patents, covering key areas in smart automotive technology [2] - Chasing Technology is collaborating with French bank to build a factory in Germany, benefiting from a local supply network of over a thousand component suppliers [2]