Core Viewpoint - The chairman and vice chairman of Qianli Technology plan to reduce their holdings by up to 2% through block trading, which is seen as a move to attract potential quality investors without significantly impacting the company's governance or operations [1][2]. Shareholding and Management - The major shareholders, including the chairman Yin Qi and vice chairman Bao Yi, control Jianghehui, which holds 19.91% of Qianli Technology's shares, equivalent to 900 million shares [2][4]. - Yin Qi is the actual controller of Jianghehui, while Bao Yi is the second-largest shareholder [4]. Financial Performance - Qianli Technology reported a revenue of 6.946 billion yuan and a net profit of 53 million yuan for the first three quarters of 2025, with a net loss of 176 million yuan after excluding non-recurring gains and losses [4]. - The company produced 64,171 vehicles and sold 81,053 vehicles in the first ten months of 2025 [4]. Stock Performance and Market Reaction - The stock price of Qianli Technology has doubled within a year, rising from a low of 5.62 yuan to a high of 13.86 yuan [5]. - As of November 17, 2025, the market value of the shares held by the chairman and vice chairman exceeds 1 billion yuan [1][5]. Strategic Direction - The company is focusing on the "AI + vehicle" business transformation, aiming to leverage technology and product advantages to drive growth [4].

Group 1 - Bosch Group signed a memorandum of cooperation with Suzhou Industrial Park to invest approximately 10.5 billion RMB over the next five years in key technology research and industrialization in intelligent driving assistance and smart cockpit fields [1] - The investment plan includes 10.2 billion RMB allocated for talent acquisition, core technology capability development, and prototype vehicle development, with the remaining 300 million RMB for equipment procurement [1] - Bosch aims to leverage local talent, strong innovation capabilities, and a favorable industrial ecosystem in Suzhou to seize opportunities in the automotive industry's intelligent and connected transformation [1] Group 2 - Bosch has previously invested around 13 billion RMB to establish a core component and autonomous driving R&D manufacturing base in Suzhou, making it one of Bosch's largest R&D manufacturing centers in China [2] - The company operates 65 legal entities in China, with projected sales of 142.7 billion RMB in 2024 [2]