Core Viewpoint - Chengdu Road and Bridge (002628) announced on September 18 that it is collaborating with Shenzhen Youbixuan Technology Co., Ltd. and China Civil Aviation Technology Equipment Co., Ltd. to apply embodied intelligent robots and artificial intelligence technology in the civil aviation and transportation sectors [1] Group 1: Collaboration and Focus Areas - The main areas of cooperation include the sales and services of autonomous driving and robotic application system solutions [1] - The company plans to engage in secondary development of functions for autonomous driving and robots in civil aviation and transportation scenarios, as well as customized design and delivery of these solutions [1] - The collaboration also involves the collection and application of vertical scene data related to autonomous driving and robotic derivative products and services [1]

Group 1: Company Performance and Financials - In the first half of 2025, the company secured a total bid amount of approximately 9.52 billion CNY, representing a year-on-year increase of 98.68% [2] - The parent company won 4 traditional infrastructure projects with a total value of about 8.83 billion CNY, primarily located in Xinjiang and Sichuan [2] - The company collected a total of 4.36 billion CNY in receivables during the first half of the year, with a significant portion concentrated in the Sichuan region [3] - The company received 1.12 billion CNY from trust distribution funds in the first half of 2025, positively impacting pre-tax profits [3] Group 2: Accounts Receivable and Debt Management - A majority of the company's accounts receivable are from government, state-owned enterprises, and local platform companies, which are expected to benefit from recent debt resolution policies [3] - The implementation of central government policies aimed at alleviating local debt risks is anticipated to enhance the recovery of accounts receivable for construction companies [3] Group 3: Strategic Partnerships and Investments - The company has established a joint venture with Shenzhen UBTECH Robotics Corp. to focus on the application of intelligent robots and AI technology in civil aviation and transportation sectors [3] - The joint venture aims to provide sales and services for autonomous driving and robotics solutions, including customized design and delivery for specific scenarios [3] Group 4: Mining Projects and Future Revenue - The company has acquired mining rights for one fluorite mine and one lead-zinc mine, with the fluorite mine having a production capacity of 150,000 tons per year [3] - The lead-zinc mine's mining rights have expired, and the company is working on obtaining safety production permits for the fluorite mine [3] - The timeline for generating revenue and profits from these mining projects remains uncertain [3]