香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 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 對 因 本 公 告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 Minieye Technology Co., Ltd （股份代號： 2431） （於中華人民共和國註冊成立的股份有限公司） 深圳佑駕創新科技股份有限公司 自願性公告 擬 與NEUEHCT LIMITED共同投資設立公司 本 公 告 乃 由 深 圳 佑 駕 創 新 科 技 股 份 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱 「本集團」）自 願 刊 發。 本 次 共 同 投 資 佈 局 移 動 機 器 人 業 務，尤 其 是 無 人 物 流 車，對 本 集 團 深 化 智 慧 物 流 業 務 佈 局、拓 展 海 外 市 場 版 圖、加 速 技 術 成 果 商 業 化 落 地 具 有 重 要 戰 略 意 義，有 助 於 提 升 本 集 團 在 全 球 智 能 駕 駛 及 智 慧 物 流 領 域 的 市 場 競 爭 力，符 合 本 集 ...

Group 1 - The core message emphasizes the launch of significant projects in Foshan for 2026, aiming for high-quality development with a total investment of 872.81 billion yuan across 628 key projects [1][2] - The infrastructure sector leads with 105 projects totaling 388.96 billion yuan, while industrial projects account for 449 projects with an investment of 403.75 billion yuan, and social welfare projects consist of 74 projects with 80.10 billion yuan [2] Group 2 - In the first quarter, Foshan plans to initiate 101 major projects with a total investment of 87.31 billion yuan, showcasing characteristics of speed, innovation, warmth, and stability [3] - The projects include 15 that continued during the Spring Festival and 79 that resumed early, with 22 projects starting ahead of schedule to maximize effective investment [3] - The focus on advanced manufacturing and emerging industries is evident, with nearly 60% of the 71 industrial projects being new productivity initiatives [3][6] Group 3 - The first quarter's project distribution shows collaboration across five districts, with significant investments in each: Chancheng (6.83 billion yuan), Nanhai (11.11 billion yuan), Shunde (10.81 billion yuan), Gaoming (5.12 billion yuan), and Sanshui (7.10 billion yuan) [4] - The total investment from municipal units reached 46.33 billion yuan, indicating a strong collective effort in project execution [4][5] Group 4 - Notable benchmark projects include the Smart Power Equipment Innovation Valley, which focuses on new power system equipment, and the Zhongtong Group's Smart Logistics Center, projected to generate over 3 billion yuan annually [6] - The educational project in Chancheng aims to alleviate resource shortages by adding 1,150 new public high school seats in the short term and 2,640 in the long term [6]

Core Insights - The trade volume between China and the five Central Asian countries is projected to exceed $100 billion by 2025, marking a continuous growth for five years, with China becoming the largest trading partner for these nations [2][3] - The trade structure between China and Central Asia is continuously optimizing, with significant increases in exports and imports, particularly in machinery, high-tech products, and non-resource products [3][4] Group 1: Trade Dynamics - By 2025, China's exports to Central Asia are expected to reach $71.2 billion, a year-on-year increase of 11%, while imports are projected at $35.1 billion, up 14% [3] - The political mutual trust and strategic demand complementarity between China and Central Asia form a resilient foundation for their economic relations, facilitating large-scale infrastructure and energy projects [3][4] Group 2: Economic Cooperation - China and Central Asian countries have established comprehensive strategic partnerships, covering various areas including political, economic, and cultural interactions, which are based on principles of non-interference and mutual benefit [4][7] - The economic development stages of Central Asian countries align well with China's mature industrial capabilities, particularly in infrastructure modernization and green energy, creating strong endogenous motivation for cooperation [4][7] Group 3: Market Opportunities - The growing demand for renewable energy and modern agriculture in Central Asia presents significant opportunities for collaboration, as countries like Kazakhstan and Uzbekistan pursue low-carbon development strategies [8][9] - The youthful population and increasing internet penetration in Central Asia indicate a vast potential for digital consumption, encouraging joint efforts in digital infrastructure and localized innovations [9] Group 4: Strategic Recommendations - To capitalize on the transformation opportunities in Central Asia, companies should engage in multi-faceted cooperation, responding proactively to market demands and aligning with the region's development needs [8][9] - Tailored strategies for each Central Asian country, considering their unique resources and development stages, will enhance the effectiveness of cooperation and ensure sustainable connectivity [9]

Core Viewpoint - The collaboration between Jiushi Intelligent and Cainiao Unmanned Vehicles marks a significant strategic integration aimed at creating a global smart logistics network, transitioning from concept validation to large-scale replication in the industry [1][4]. Group 1: Strategic Integration - Jiushi Intelligent and Cainiao have formed a competitive joint entity, with Cainiao becoming a strategic shareholder through cash and asset investment, allowing for independent dual-brand operations [4][6]. - The integration combines Cainiao's extensive logistics network with Jiushi Intelligent's expertise in autonomous driving and algorithm development, enhancing their core competitiveness [4][5]. - The goal is to build an open, intelligent, and global smart logistics network, redefining how goods flow efficiently, sustainably, and intelligently [4][5]. Group 2: Operational Synergy - The partnership aims to leverage Jiushi's RoboVan technology and Cainiao's logistics capabilities to create a high-reliability autonomous driving solution embedded in complex real-world logistics [5][6]. - Both companies will maintain their brand identities while sharing underlying technology and operational data, akin to the relationship between Toyota and Lexus [6]. Group 3: Market Impact and Innovation - The collaboration seeks to redefine logistics as not just a cost-saving tool but as a means to enhance accessibility and sustainability, particularly in urban and rural areas [7][8]. - Jiushi Intelligent operates in over 300 cities globally, with the combined RoboVan fleet exceeding 20,000 units, establishing the largest unmanned commercial vehicle fleet in the country [8][9]. - The business model has been validated, showing that the comprehensive cost per vehicle is significantly lower than traditional delivery methods, achieving stable profitability in low-speed urban scenarios [8][9]. Group 4: Global Expansion and Future Vision - The partnership is expanding internationally, having become designated partners for unmanned delivery in regions like the Middle East, Singapore, and Malaysia, with ongoing localization tests in Europe and Japan [9]. - The approach of "Mobility-as-a-Service" allows for the establishment of operational entities in local markets, providing comprehensive solutions from vehicle deployment to management [9]. - The collaboration emphasizes the need for systemic integration of technology, scenarios, business models, and global perspectives in the evolving landscape of smart logistics [9].

Core Insights - The collaboration between Jiushi Intelligent and Cainiao Unmanned Vehicles marks a significant strategic integration, focusing on a "technology + scenario" approach to create a global smart logistics network [1][3][8] Group 1: Strategic Integration - Jiushi Intelligent and Cainiao have formed a competitive joint entity, with Cainiao becoming a strategic shareholder through cash and asset investment, while both brands will operate independently [3][4] - The partnership aims to leverage Cainiao's extensive logistics network and Jiushi's advancements in autonomous driving technology to redefine efficient, low-carbon, and intelligent goods movement [3][4] Group 2: Operational Synergy - The integration allows for a dual-brand strategy, maintaining brand identities while sharing underlying technology and operational data, akin to the relationship between Toyota and Lexus [4] - The combined entity will focus on enhancing technical, operational, and ecological capabilities to address the global autonomous freight market [3][4] Group 3: Market Impact - Jiushi Intelligent operates in over 300 cities globally, with the combined RoboVan fleet exceeding 20,000 units, establishing the largest unmanned commercial vehicle fleet in the country [7] - The business model has been validated, showing lower comprehensive costs per vehicle compared to traditional delivery methods, achieving stable profitability in urban low-speed scenarios [7] Group 4: Broader Implications - The partnership aims to make logistics more equitable, green, and accessible to everyday life, moving from pilot projects to large-scale implementations [5][6] - The collaboration is not just about vehicle sales or technology transfer but involves establishing operational entities abroad, providing complete solutions from vehicle deployment to management [7]

Core Viewpoint - Weichai Group has achieved a remarkable performance with a total revenue of 355 billion yuan in 2025, marking a 14% year-on-year increase and setting a new historical high despite industry cycle adjustments and intensified global competition [1] Group 1: Revenue Growth and Business Structure - The revenue growth is driven by a "dual-engine" model, where traditional power continues to provide stable support while new business segments have emerged as strong growth engines [1][3] - The power energy business, centered on SOFC and high-end power generation, has positioned itself in the global market through advanced technology [3][5] Group 2: Strategic Developments - The strategic rise of Weichai's power energy business has been recognized as the seventh strategic segment of Shandong Heavy Industry Group, indicating its importance as a core growth driver for the future [5] - Weichai has established two high-value pillars: SOFC distributed energy for future needs and high-end power for data centers, leveraging its traditional advantages [5][7] Group 3: Market Opportunities and Innovations - The breakthroughs in SOFC technology and high-capacity diesel generators have capitalized on the global demand for efficient, low-carbon, and stable power solutions, particularly in the data center sector [7][9] - Weichai's sales of power generation products exceeded 100,000 units, placing it among the top three globally, demonstrating the effectiveness of its new business strategies [9] Group 4: Competitive Advantages and Systematic Solutions - Weichai's competitive advantage is shifting from providing single high-performance products to developing high-barrier systematic solution capabilities, built on decades of core competencies in the power sector [10] - The integration of SOFC technology with data center solutions and the establishment of a smart monitoring platform have created a feedback loop that enhances service value and product iteration [9][10] Group 5: Future Directions and Industry Impact - Weichai's strategic new business initiatives are not only creating a growth curve that transcends cycles but also exploring new pathways for value enhancement in the Chinese commercial vehicle industry [10] - The ultimate goal is to cultivate a globally competitive leader in energy and power system technologies from the largest commercial vehicle market [10]

Core Insights - The signing ceremony for manufacturing projects in Dongxing District, Neijiang City, took place, resulting in the signing of 10 projects with a total investment of 7.58 billion yuan [1] Group 1: Investment Opportunities - The signed projects cover various sectors including new materials, artificial intelligence, energy equipment, and food and pharmaceuticals [1] - Jiangsu Dinaco Fine Materials Co., Ltd. plans to collaborate with Dongxing District to develop a distinctive fine materials industry cluster [1] Group 2: Strategic Focus Areas - Dongxing District aims to strengthen its manufacturing sector by attracting projects related to lithium battery materials, polymer materials, adhesive materials, and new energy battery recycling [1] - The district intends to enhance its artificial intelligence industry by focusing on cloud computing, chips, robotics, and smart logistics across the industry chain [1] - There is a push to elevate the service outsourcing industry by developing data labeling, content review, and e-commerce, with a goal of increasing both total output value and workforce size in the park [1]

Core Viewpoint - The company, Baoshai Technology (600794.SH), anticipates a significant net loss for the year 2025, with projections indicating a net profit attributable to shareholders ranging from -140 million to -80 million yuan [1]. Financial Projections - The expected net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to be between -230 million and -170 million yuan for 2025 [1]. - If the impact of long-term equity investment impairment provisions is excluded, the company estimates a net profit of approximately 140 million yuan for 2025 [1]. - The projected net profit attributable to shareholders, after excluding non-recurring gains and losses, is expected to be around 50 million yuan for 2025 [1]. Business Strategy - In response to a challenging external environment, the company is focusing on optimizing its smart logistics business and enhancing service quality through technological empowerment [1]. - The company is also committed to market expansion efforts to steadily strengthen its core competitiveness [1].

Group 1 - The company expects a net profit attributable to shareholders for 2025 to be between -140 million and -80 million yuan, with a net profit excluding non-recurring gains and losses projected to be between -230 million and -170 million yuan [1] - The company is facing a severe and complex external environment in 2025 [1] - The company is continuously optimizing its smart logistics business and leveraging technology to enhance service quality [1] Group 2 - The company is fully committed to market expansion to steadily enhance its core competitiveness [1]

Core Insights - Today International Logistics Technology Co., Ltd. is expanding its business into Brazil to enhance its international presence and better serve global clients [1][3] - The company has established a strong foundation in various industries, holding over 1,000 patents and certifications, and is recognized as a national high-tech enterprise [1] Group 1 - Today International has set up operations in countries like Singapore and Hungary, and is now planning to invest in Brazil to accelerate market expansion and improve service capabilities [3] - The company selected Jilian Group as a professional partner to assist with the registration and establishment of its Brazilian subsidiary, due to the complexities of local laws and investment systems [3] - Jilian's Brazilian team provided comprehensive evaluations and recommendations on site selection, tax costs, talent recruitment, and company development strategy to help Today International establish its presence in Brazil [3][4] Group 2 - The services provided by Jilian to Today International include site selection, Hague certification, ODI overseas investment filing, company registration, visa services, and tax compliance [4]