The Star Daily reported on March 19: Today's main content includes: Huatai Precision has provided some tool product samples to Yushu Technology; Autel Intelligent Technology Corp.,Ltd. accelerates its self-research on humanoid robots and recruits for several key positions; Chengdu Huawai has signed a Global Strategy cooperation agreement with Embodied Technology.

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Brief News:

Three departments: Further promote the update of new energy city buses and power battery equipment, with an average subsidy of 0.08 million yuan per vehicle.

The General Office of the Ministry of Transportation, the General Office of the National Development and Reform Commission, and the General Office of the Ministry of Finance issued the "2025 New Energy City Bus and Power Battery Update Subsidy Implementation Rules." Using ultra-long-term special national bond funds, subsidies are provided for urban bus companies to update new energy city buses and replace power batteries. It is encouraged to reasonably select the types of new energy city bus vehicles for replacement according to passenger flow changes, urban bus industry development, etc. An average subsidy of 0.08 million yuan per vehicle; among them, for replacing power batteries, an average subsidy of 0.042 million yuan per vehicle; various regions can independently determine the subsidy standards for updating new energy city buses based on the demand and quantity ratio of updated vehicles and replaced power batteries.

The AI glasses industry promotion seminar was held in Hangzhou.

The AI glasses industry promotion seminar, hosted by China Academy of Information and Communications Technology, co-organized by S-DreamLab, and undertaken by the Institute of Computer Innovation Technology of Zhejiang University and the Innovation Center of Intelligent Optical Perception in Zhejiang Province, was held in Hangzhou. At the meeting, experts from Huawei's multimodal communications system, including Xie Cailang, partner/technical leader Gu Jian from Hangzhou Li Weike Technology Co., Ltd., marketing manager Luo Minwen from Zhejiang Shunwei Technology Co., Ltd., technical director Zhang Xuan from IIFAA Alliance, and CEO Chen Wei from Shenzhen Huoyanjing Medical Technology Co., Ltd. delivered keynote speeches covering research directions such as endpoint collaboration, product design and solutions, core technology exploration, trusted connections and interactions, and visual health integration.

Tencent expects to further increase capital expenditure in 2025.

Tencent executives revealed at the 2024 annual report media communication meeting that in 2024, Tencent's annual capital expenditure will reach 10.7 billion USD, about 12% of the same period's revenue. The capital expenditure in the fourth quarter increased significantly as Tencent purchased a lot of GPUs in that quarter. Tencent plans to further increase capital expenditure in 2025, with an expected ratio of capital expenditure to revenue being a low double-digit percentage.

Informed sources: Xiaomi Group plans to expand the scale of its second electric vehicle factory.

According to an informed source, Xiaomi Group will expand the scale of its second electric vehicle production factory under construction in Peking. Last year, Xiaomi began constructing the second factory in the Yizhuang area of Peking, purchasing a 53-hectare piece of land for 0.842 billion yuan (0.116 billion USD). The factory is scheduled to start production in mid-year. The informed source said that Xiaomi will incorporate an adjacent plot of about 52 hectares for expansion. The source requested anonymity as the information has not yet been made public.

National Local Co-constructed Humanoid Robot Innovation Center: About to Launch a Milestone Universal Embodied Intelligence Platform - "Ge Wu".

According to reporters, as an important deployment of national-level strategic technological forces, the National Local Co-constructed Humanoid Robot Innovation Center is about to launch a milestone universal embodied intelligence platform - "Ge Wu", building a globally leading ecosystem for robot intelligent body training, and will hold a "Ge Wu Embodied Intelligence Simulation Platform Launch Conference". In addition, the National Local Co-constructed Humanoid Robot Innovation Center will launch an open fund. This fund will set open fund topics around four major fields: platform technology, embodied intelligence, datasets, and training grounds, along with subdivided main research directions, evaluating projects for their foundational, innovative, application prospects, and potential impact, and selecting some excellent projects for funding.

In-depth:

Decoding Xiaomi's 71.4 billion capital chess game, Lei Jun "bets" on the new battlefield of AI | Focus.

[Star companies]

Debang Technology: The National Integrated Circuits Fund plans to reduce its holdings in the company by no more than 3% of the shares.

Debang Technology (688035.SH) announced that its shareholder, the National Integrated Circuit Industry Investment Fund Co., Ltd. (referred to as 'National Integrated Circuit Fund'), which holds 18.65% of shares, plans to reduce its holdings in the company by a total of no more than 4.2672 million shares through centralized bidding and bulk trading, which does not exceed 3% of the company's total equity.

Yunlu Co., Ltd.: The company is currently operating normally and there are no significant matters that should be disclosed but have not been.

Yunlu Co., Ltd. (688190.SH) announced that the cumulative deviation of the closing price increase of the company's stocks reached 30% over three consecutive trading days, which constitutes an abnormal fluctuation in stock trading. After self-checking, the company's recent daily operation is normal, with no significant changes, and the market environment or industry policies have not undergone significant adjustments. At the same time, the company confirms that there are no undisclosed major matters regarding the company, including but not limited to planned mergers and acquisitions, stock issuances, etc. During the period of abnormal stock fluctuations, there were no transactions involving the company's stocks by directors, supervisors, senior management, controlling shareholders, or actual controllers.

Hua Rui Precision has provided some tool product samples to Yu Shu Technology.

Hua Rui Precision stated on the interactive platform that the tools for processing key components of humanoid robots are one of the key directions in the company's Global Strategy. On one hand, the company is actively researching and developing, and some products are already suitable for processing robot components. On the other hand, the company is actively expanding its customer base in related fields, with Yu Shu Technology being one of them. The company has provided some tool product samples to them. However, the company has not yet become a supplier to Yu Shu Technology, and there is also a certain degree of risk regarding the final test results of the delivered samples.

Autel Intelligent Technology Corp., Ltd. accelerates the research and development of humanoid robots and recruits for multiple key positions.

On March 19, according to information from a recruitment platform, Autel Intelligent Technology Corp., Ltd.'s subsidiary Hotung Inv is open for recruitment for multiple robot-related positions. The company was established on November 19, 2024, and its Hangzhou robot subsidiary was established in March 2025. Sources reveal that Hotung Inv's R&D team has recruited core global talent in robotics, with members hailing from institutions and companies such as Cambridge, Oxford, and Boston Dynamics.

Promote the R&D of core components for robots. Chengdu Huawai and Embodied Technology signed a strategic cooperation agreement.

Chengdu Huawai and SiChuan Embodied Humanoid Robot Technology Co., Ltd. signed a strategic cooperation agreement. Both parties will leverage their core technological advantages in integrated circuits, AI, and robotics to jointly promote the domestic R&D and application of key components for intelligent robots, aiding the high-quality development of China's intelligent robot industry.

Chengda Bio: The recombinant 15-valent human papillomavirus vaccine has entered Phase II clinical trials.

Chengda Biological (688739.SH) announced that its collaboration with KangLe WeiShi in developing a recombinant 15-valent human papillomavirus vaccine has completed Phase I clinical trials and will begin Phase II clinical trials. This vaccine is the highest-priced HPV vaccine that is currently on the market or has received IND approval globally, covering all high-risk HPV types defined by IARC, with a cervical cancer protection rate exceeding 96%. Due to the long development cycle of vaccines, multiple stages involved, and the uncertainty of clinical trial processes, results, and product market launch timelines, all investors are advised to make cautious decisions and pay attention to investment risks.

[Venture Capital Trend Indicator]

Chengdu High-tech Zone announces a strategic investment of 0.3 billion yuan in intelligent AI.

On March 19, Chengdu High-tech Zone announced a strategic investment of 0.3 billion yuan in Peking Zhipu Huazhang Technology Co., Ltd. (hereinafter referred to as "Zhipu"), to collaboratively build the Sichuan provincial foundational large model "Zhipu Zhuge Large Model". This will simultaneously establish an AI infrastructure consisting of a large model training center, R&D center, and a western empowerment platform, with a plan to support over 1000 enterprises in AI+ transformation and incubate more than 20 ecological enterprises within five years.

Deep Principle has secured approximately 100 million yuan in Pre-A round financing.

Recently, Hangzhou Deep Principle Technology Co., Ltd. completed approximately 100 million yuan in Pre-A round financing. This round of financing was jointly invested by institutions such as BV Baidu Venture Capital, Qigao Capital, Linear Capital, Lenovo Star, Lenovo Venture Capital, Jinqiu Fund, and Hillhouse Venture Capital. Deep Principle was established in 2024 and is an AI for Materials technology innovation company focused on accelerating material chemistry innovation through artificial intelligence technology. The company applies AI, quantum chemistry, and high-throughput experimental technology in the field of chemical materials, aiming to improve the workflow of material innovation and enhance the efficiency of research and development in chemical materials. Previously, Deep Principle had completed seed round, seed+ round, and seed++ round financing. This round of financing will be used to increase research and development investment, team building, and market expansion. According to Financial Network's investment data - Zhizhong Data, with March 2025 as the projected benchmark time, the probability of financing predictions for the subsequent two years is 75.15%.