重庆千里科技股份有限公司2025 年半年度报告 公司代码：601777 公司简称：千里科技 重庆千里科技股份有限公司 重庆千里科技股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人印奇、主管会计工作负责人黄强及会计机构负责人（会计主管人员）徐衬声明： 保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 □适用 √不适用 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在本报告中详细描述可能存在的相关风险，敬请查阅本报告中第三节"管理层讨论与 分析"中"可能面对的风险"相关描述。 十一、 其他 □适用 √不适用 重庆千里科 ...

Group 1: Tesla's Breakthrough in Autonomous Driving - Tesla has achieved a significant milestone by successfully delivering a Model Y with full autonomous driving capabilities, marking the first time such a delivery has occurred on public highways without remote control [1] - Elon Musk emphasized the maturity of the technology by highlighting that the delivery was made to a randomly selected owner, showcasing the advancement in Tesla's Full Self-Driving (FSD) technology [1] - This breakthrough has prompted industry leaders, such as Xiaomi's chairman Lei Jun, to acknowledge Tesla's leadership in the FSD sector, further accelerating technological iterations and commercialization among automakers [1] Group 2: Qianli Technology's Strategic Developments - Qianli Technology has launched its first commercial intelligent driving solution, "Qianli Smart Driving 1.0," with plans to release an L3 level solution, "Qianli Smart Driving 2.0," within six months [2] - The "Qianli Smart Driving 1.0" solution includes three versions (basic, professional, flagship) with computing power ranging from 100 TOPS to 700 TOPS, catering to various vehicle segments [2] - The solution has already been integrated into Geely's vehicles, with models like Geely Galaxy Xingyao 8 and the new Galaxy E8 equipped with the basic version, while higher-end models are expected to adopt advanced versions later this year [2] Group 3: Technological Innovations and Research Focus - Qianli Technology's solution features significant core technological innovations, including self-developed large models and reinforcement learning to enhance system generalization and human-like driving experiences [3] - The company is also researching how to leverage AI technology to achieve the performance of 128-line laser radar using millimeter-wave radar, aiming to integrate sensors, controllers, and actuators for improved safety and reduced latency in intelligent driving [3] Group 4: Industry Ecosystem Development in Chongqing - Qianli Technology has established a joint venture in Chongqing, partnering with local funds and companies to enhance its "AI + vehicle" strategy and accelerate technology commercialization [4] - The establishment of the joint venture aims to break the traditional single cooperation model, allowing for deep collaboration with Geely while also opening up to the entire industry, thus promoting the development of a world-class intelligent connected new energy vehicle industry cluster in Chongqing [4] - The current phase in the intelligent driving sector is characterized by a focus on both technological breakthroughs and ecosystem construction, with Qianli Technology driving this dual approach [4] Group 5: Vision for the Future - Qianli Technology's co-CEO Wang Jun stated that AI is continuously leading the transformation of the smart automotive industry, with the goal of creating a comprehensive end-to-end solution for safer, more human-like, and comfortable driving experiences [5] - The recent advancements signify substantial progress in the development of technology business, with a commitment to open collaboration with partners across the industry chain to foster innovation and growth in smart automotive technology [5]

Core Viewpoint - The establishment of a joint venture for intelligent driving by Qianli Technology, Geely, and other partners marks a significant step in the development of smart driving technology in Chongqing, with the completion of necessary business registrations and the introduction of advanced intelligent driving solutions [1][2][4]. Group 1: Joint Venture Formation - Qianli Technology announced the completion of business registration for its wholly-owned subsidiary and a partnership with various funds, indicating the formal establishment of the joint venture for intelligent driving [1]. - The joint venture, named Chongqing Qianli Intelligent Driving Technology Co., Ltd., is set to collaborate with Geely, Maichi, and Lotus, among others, to advance smart driving initiatives [1]. Group 2: Product Development and Roadmap - Qianli Technology unveiled its L2+ level intelligent driving solution, Qianli Intelligent Driving 1.0, along with a roadmap for L3 and L4 level products, showcasing its commitment to advancing smart driving technology [2][4]. - The Qianli Intelligent Driving 1.0 solution is categorized into three versions: basic, professional, and flagship, with the flagship version featuring a processing power of up to 700 TOPS, enabling complex decision-making and interactions [4][5]. - The company plans to release the L3 level intelligent driving solution, Qianli Intelligent Driving 2.0, within the next six months, and aims to introduce the L4 level solution for Robotaxi scenarios, Qianli Intelligent Driving 3.0, by the second half of 2026 [7]. Group 3: Strategic Vision and Market Positioning - Qianli Technology's strategy of "AI + Vehicle" emphasizes a dual-driven development model, focusing on both terminal and technology businesses to strengthen its market position in the intelligent driving sector [9]. - The company aims to create a comprehensive end-to-end solution by integrating technology and the automotive supply chain, enhancing user experience through safer and more comfortable driving [2].

Core Insights - The announcement of Wang Jun, former president of Huawei's automotive solutions, joining Qianli Technology as co-president signals a significant shift in the smart driving landscape [1][3] - Qianli Technology is positioning itself as an independent Tier 1 supplier for smart automotive solutions, rather than being merely a part of the Geely ecosystem [3][8] - The launch of Qianli Smart Driving 1.0, which targets L2+ level smart driving solutions, showcases the company's ambition to expand its market presence beyond Geely [10][11] Company Positioning - Qianli Technology, often perceived as part of the "Geely system," emphasizes its independence and strategic partnership with Geely, aiming to support multiple automotive clients [3][8] - The company has established a joint venture, Chongqing Qianli Smart Driving Co., with Geely and Megvii, each holding a 30% stake, indicating a collaborative approach to smart driving technology [5][6] - Qianli Smart Driving 1.0 includes three versions (basic, professional, flagship) with varying computational power, highlighting the company's technological capabilities [10][11] Market Strategy - Qianli Technology aims to capture a significant share of the smart driving market, aspiring to be a leading independent supplier amidst increasing competition [3][12] - The company plans to release its L3 smart driving solution, Qianli Smart Driving 2.0, within six months, and a L4 solution by mid-2026, indicating a clear roadmap for technological advancement [10][11] - The strategic hiring of experienced talent from various sectors, including the automotive and AI industries, is intended to enhance Qianli's competitive edge in product development [11][15] Industry Context - The smart driving sector is witnessing a shift towards third-party suppliers as traditional automakers face challenges in maintaining in-house development teams [12][15] - Qianli Technology's ambition to become a leading Tier 1 supplier reflects a broader trend in the industry where companies seek to diversify their client base to ensure sustainability and growth [15][16] - The current technological transformation and challenges faced by traditional automakers present a unique opportunity for new entrants like Qianli Technology to establish themselves in the market [16]

Core Insights - The article discusses the evolution of autonomous driving technology, highlighting the historical significance of the first remote-controlled car in 1925 and the current advancements in AI and smart driving solutions in China [2][3]. Industry Developments - The smart driving industry is experiencing rapid growth, referred to as the "Chinese Miracle," with companies like Qianli Technology announcing significant advancements in autonomous driving solutions [4][6]. - Qianli Technology has introduced the Qianli Smart Driving 1.0 solution, targeting L2+ level smart assistance and outlining a roadmap for L3 and L4 autonomous driving products [4][6]. Company Progress - Qianli Technology's recent annual report indicates a revenue of 7.035 billion yuan, a year-on-year increase of 3.94%, and a net profit of approximately 40.0172 million yuan, reflecting a 65.28% increase [10]. - The company is focusing on a dual-driven strategy of terminal and technology businesses, aiming for AI integration and international expansion [10][11]. Market Potential - The autonomous driving market is projected to exceed $40 billion by 2030, with some forecasts suggesting it could reach $34 trillion in five years [8]. - The current penetration of smart driving features in vehicles is below 20%, indicating significant growth potential as every vehicle is expected to incorporate smart driving capabilities in the future [19]. Technological Innovations - Qianli Technology is developing a comprehensive end-to-end solution for smart driving, emphasizing the importance of integrating sensors, controllers, and actuators to minimize latency [12][13]. - The company is also working on the Qianli Smart Driving RLM model, which focuses on multi-modal data training and reinforcement learning to enhance the safety and comfort of autonomous driving experiences [16][17]. Future Outlook - Qianli Technology plans to release its L3 level smart driving solution within the next six months and aims to introduce an L4 level solution for Robotaxi scenarios by the second half of 2026 [12][15]. - The automotive industry is expected to evolve, with vehicles becoming more than just transportation tools, integrating advanced AI capabilities to enhance user experience [21].

Core Viewpoint - The acceleration of the "AI + Car" trend positions AI intelligence as the core driving force behind the transformation of the automotive industry, with Chongqing Qianli Technology Co., Ltd. initiating a strategic shift focused on this integration starting in 2024 [1] Group 1: Strategic Transformation - Qianli Technology has appointed Wang Jun as co-president, indicating a significant commitment to accelerating its strategic transformation and business development [1] - The company has launched the Qianli Smart Driving 1.0 solution, aimed at L2+ level intelligent driving, and has outlined a roadmap for L3 and L4 level products [1][2] - The company aims to create a comprehensive end-to-end solution by integrating technology and the supply chain, focusing on delivering core value to end users [2] Group 2: Product Development - The Qianli Smart Driving 1.0 solution is categorized into three versions: basic, professional, and flagship, designed to meet diverse customer needs across different vehicle price segments [2] - Qianli Technology plans to release the L3 level smart driving solution, Qianli Smart Driving 2.0, within the next six months, and aims to launch the L4 level solution, Qianli Smart Driving 3.0, for Robotaxi scenarios in the second half of 2026 [2] - The company is developing the Qianli Smart Driving RLM model in collaboration with partners, ensuring a safer and more comfortable driving experience through advanced model training and reinforcement learning [3] Group 3: Business Focus and Partnerships - Qianli Technology's business is divided into "terminal business" and "technology business," with the latter focusing on AI solutions for the automotive sector [4][5] - The establishment of Chongqing Qianli Smart Driving Co., Ltd. marks the company's entry into the intelligent driving field, leveraging partnerships to create an open and international AI driving platform [5] - Qianli Technology has formed a strategic partnership with Geely, with the Qianli Smart Driving 1.0 solution being the first to support Geely's product offerings [5] Group 4: Future Goals - The company aims to capture approximately one-third of the global market share for intelligent automotive components, emphasizing the importance of collaboration within the industry [6]

Core Viewpoint - The company has officially launched its L2+ level intelligent driving solution "Qianli Smart Driving 1.0" and plans to release L3 and L4 versions in the near future, indicating a strategic focus on advancing autonomous driving technology [1][4]. Group 1: Product Development - "Qianli Smart Driving 1.0" is categorized into three versions: Basic (100T), Professional (200T), and Flagship (700T) TOPS, with the Flagship version expected to include an intelligent agent [1]. - The upcoming "Qianli Smart Driving 2.0" is set for release in Q4 of this year, while "Qianli Smart Driving 3.0" is anticipated in the second half of 2026 for Robotaxi applications [1]. - The "Qianli Haohan" solution from Geely, which includes multiple levels (H1, H3, H5, H7, H9), is based on the underlying technology of "Qianli Smart Driving 1.0" [1][2]. Group 2: Strategic Positioning - The company aims to position itself as a Tier 1 supplier, focusing on B-end large customer business and expanding into overseas markets alongside Chinese automotive enterprises [3][5]. - The strategy emphasizes integrating technology and products, consolidating independent modules into a comprehensive end-to-end solution [3]. Group 3: Safety and Technology - Safety is identified as a primary concern for the implementation of intelligent driving, with a focus on enhancing technology for all-weather perception and low-latency execution [5][6]. - The company is researching AI technology to improve the performance of millimeter-wave radar to match that of 128-line laser radar, aiming to enhance the safety of intelligent driving systems [6].