09680 CHENQI TECH
- 18.840
- -0.260-1.36%
CHENQI TECH News
gosuncn technology group (300098.SZ): The 5G intelligent networked vehicle terminal jointly developed with Ruqi Travel is applied to Ruqi Travel's online car-hailing service.
On September 11th, Gosuncn Technology Group (300098.SZ) stated on the investor interaction platform that in Guangzhou, the company has jointly developed a 5G smart connected car terminal with Ruqi Chuxing, which is applied to Ruqi Chuxing's online car-hailing service. It enables real-time communication between the car, road, and cloud, and interacts with the driver-side application through the app on the travel platform. It provides 16 types of warning prompts, including forward collision warning, blind spot lane change warning, and reverse overtaking warning, by reminding the driver of the road traffic conditions ahead in advance. This greatly enhances the vehicle's risk avoidance capability.
[Brokerage Focus] CMB International cuts Guangzhou Automobile Group's target price by 45.5%, citing Q2 performance falling short of expectations and lowering sales forecasts for the next two years.
Jingu Financial Information: According to the research report of China Minsheng International, Guangzhou Automobile Group (02238) fell short of expectations in its 2Q24 performance, with a 30% decline in revenue and a faster decline in unit selling price than expected by the bank. The overall gross margin of 4.3% is in line with expectations, but investment income from associated and joint venture companies decreased by 92% year-on-year. Although the bank had previously expected a loss for Guangzhou Automobile Group in 2Q24, this decline still exceeded the bank's expectations. Net loss for EAENE was slightly lower than the bank's expectations. 2Q24 net income of Guangzhou Automobile Group was 0.3 billion yuan, only 0.13 billion yuan lower than the bank's expectations, mainly due to the IPO of RYDE (09680, unrated).
"Robotaxi First Stock" Ruqi Travel (09680): Significant increase in revenue and gross margin in the first half of the year, accelerating the lead in the autonomous driving race track.
Under the promotion of breakthroughs in global self-driving technology, Robotaxi (self-driving taxis) is transitioning from concept to practical application, leading the future trend of intelligent transportation.
Chenqi Technology's H1 Loss Narrows by 4% as Revenue Jumps 14%
Express News | Chenqi Technology - Hy Loss Attributable RMB331.6 Mln
CHENQI TECH: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED JUNE 30, 2024
Ruqi Chuxing (09680.HK) held a board of directors meeting on August 28 to consider and approve mid-term performance.
Ruqi Travel (09680.HK) announced on August 16th that the board of directors meeting will be held on Wednesday, August 28th, 2024 to consider and approve the mid-term performance of the company, its subsidiaries and associated consolidated entities for the six months ending June 30, 2024, as well as to consider the distribution of interim dividends (if any).
CHENQI TECH: NOTICE OF BOARD MEETING
Hong Kong stock market news: Ruqi Chuxing (09680) surged by more than 10%, with stock prices almost doubling this week. Ruqi Robotaxi has obtained a commercial pilot license.
Ruqi Travel (09680) has risen by more than 10%, with a cumulative increase of nearly 100% in stock price this week. As of press time, it has risen by 10.36%, with a price of 30.9 Hong Kong dollars and a turnover of 1.7912 million Hong Kong dollars.
Hong Kong stock market anomaly | Ruqi Travel (09680) rose more than 14% in early trading, a cumulative increase of nearly 50% in two days. The company has strong potential for commercial deployment of Robotaxi.
Ruhqi Travel (09680) continued to rise by more than 14% in early trading, with a cumulative increase of nearly 50% in two days. As of the time of writing, it rose 9.11% to HKD 23.35, with a turnover of 2.7456 million Hong Kong dollars.
Behind Ruqi Travel's (09680) surge of 34%: Did the market buy into the Robotaxi story?
Ruqi travel is leading the way in commercializing Robotaxi.
Hong Kong stocks' rally | Ruqi Chuxing (09680) rose more than 25% in the last trading session. The commercial application of self-driving cars is accelerating, and the company has strong potential for Robotaxi commercial landing.
As of the close, Ruqi Travel (09680) rose more than 25%, up 23.28% to HK$19.7, with a turnover of HK$40.697 million.
The online car-hailing regulatory information exchange system received a total of 0.971 billion orders in June, an increase of 2.9% compared to the previous month.
According to the statistics of the online car-hailing regulation information exchange system, as of June 30, 2024, there are a total of 354 online car-hailing platform companies that have obtained online car-hailing platform operation licenses nationwide, an increase of 3 compared with the previous period.
China International Capital Corporation: The long-term development of the Robotaxi industry relies on the positive feedback loop formed by technology, commercialization, and policy.
Before a positive cycle is formed, Robotaxi companies may undertake a period of losses. China International Capital Corporation believes that financial strength, closed-loop data, integration of hardware and software, and technological innovation are key competitive factors for Robotaxi companies at present.
New stock news | Ruqi Chuxing (09680) officially listed on the Hong Kong Stock Exchange today and become the "first stock of autonomous driving operation technology".
From the public prospectus, we can see that Ruqi Travel is the world's first travel platform to launch commercial hybrid operation of human-driven online car-hailing and Robotaxi services.
Express News | Shares of Chenqi Technology Set to Open at HK$30 Each in Hong Kong Debut Vs IPO Price of HK$35 Apiece
Express News | Chenqi Technology - Final Offer Price Under Global Offering HK$35 per Share
Hong Kong stock concept tracking | Shanghai issued the first batch of fully unmanned vehicle license plates, and automatic driving is moving towards commercial operation. (Attached concept stock)
According to the announcement from Pudong, at the 2024 World Artificial Intelligence Conference, Shanghai issued the first batch of licenses for demonstration and application of unmanned intelligent networked vehicles, also known as the "fully unmanned passenger vehicle license".
Zhitong Hong Kong Stock Investment Journal | July 5th
Hong Kong Stock Investment Log | July 5, 2024
WiseInvestment Hong Kong Stock Investment Log | July 4th
Hong Kong stock market investment journal | July 4, 2024
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