Chongqing Qianli Technology Co., Ltd. (hereinafter referred to as "Qianli Technology"), a A-share listed company, released its 2025 annual report today. The company's revenue and profit have both increased, and the commercialization of "AI+cars" has achieved a breakthrough. During the reporting period, the annual operating revenue reached 9.999 billion yuan, a year-on-year increase of 42.13%; The net profit attributable to the parent company was approximately 84 million yuan, a year-on-year increase of 111%. The revenue of the manufacturing business segment reached 9.319 billion yuan, a year-on-year increase of 37.33%. Among them, the automobile business revenue reached 6.44 billion yuan, a year-on-year increase of 52.71%. Vehicle sales increased by 83.93% year-on-year; The revenue from motorcycle and communication services reached 2.879 billion yuan, with a year-on-year increase of 15.11% in motorcycle sales; The revenue of the technology business sector reached 350 million yuan.

2025 is a crucial year for the transformation and breakthrough of Qianli Technology. Under the strategic guidance of "AI+car", Qianli Technology accelerates the transformation of automotive intelligence around AI technology, explores new areas of technology business, and forms a core pattern driven by "manufacturing business+technology business". The overall operation of the company has achieved stable development, and the "AI+Car" strategic transformation has shown initial results, laying a solid foundation for future development.

In the manufacturing business sector, the automotive and motorcycle businesses have shown overall improvement, with impressive performance in overseas markets.In 2025, the annual revenue of Qianli Technology's automotive business will increase by 52.71% year-on-year, and the business structure will continue to be optimized. By building a forward research and development platform, Qianli Technology has constructed a diversified power matrix covering fuel and battery swapping, and continues to make efforts in the three major segmented markets of SUVs, MPVs, and boutique electric cars. At the same time, the C-end and B-end markets are advancing in synergy, with a coordinated layout between domestic and international markets, resulting in a year-on-year sales growth of 83.93%. The motorcycle segment focuses on four core categories: cruise, crossover pedals, retro pedals, and rally, launching multiple new products such as V400 and continuously improving the product matrix. The product has successfully broken through the technical barriers in the European market, further expanded its overseas presence, and achieved a 25% year-on-year increase in export sales. Its business has covered more than 80 countries and regions.

In the technology business sector, research and development investment continues to increase, and commercialization has successfully broken through.As the core engine of strategic transformation, the R&D efforts of the technology business sector continue to increase, with R&D expenses reaching 822 million yuan in 2025, a year-on-year increase of 102.13%. By strengthening its technological research and development capabilities, Qianli Technology's technology business has achieved a key breakthrough. Around the end-to-end model architecture, Qianli Technology has developed cutting-edge AI technologies such as Visual Language Model (VLM), Visual Language Action Model (VLA), and World Model, aiming to build high modulus assisted driving solutions covering L2 to L4 levels. During the reporting period, the "Qianli Intelligent Driving 1.0" L2+level intelligent assisted driving solution was released and achieved large-scale implementation.At the same time, Qianli Technology and Geely jointly released the "Qianli Haohan" (G-ASD) advanced intelligent driving system; The intelligent cockpit ASC 100 platform has completed research and development, promoting the upgrade of the human vehicle interaction experience paradigm; Robotaxi is steadily advancing its road testing in key cities such as Chengdu. This fully demonstrates that Qianli Technology has made substantial breakthroughs in the commercialization loop of "AI+cars".

In 2025, Qianli Technology has delivered a solid performance report: revenue approaching billions, net profit doubling, and more importantly, the commercialization of its technology business breaking the ice, showing the market the possibility of its "AI+car" strategy moving from input to output. The continuous increase in research and development investment also demonstrates its determination to promote strategic transformation. In 2026, the industry will pay more attention to the commercialization process of Qianli Technology. In the fierce market competition, whether Qianli Technology can steadily promote the growth of its manufacturing business while accelerating the development of core technologies and products such as intelligent driving, intelligent cabin, and Robotaxi, and accelerating their implementation process, will be the key to testing whether its "AI+car" strategy can truly run through the commercial closed loop.