Core Insights - The article discusses the collaboration between private equity (PE), industrial investment, and listed companies to create a symbiotic investment ecosystem that bridges the gap from laboratory to market, particularly in hard technology and infrastructure sectors [2][20]. Group 1: Industry Collaboration - The current phase of the equity investment industry is characterized by a return to fundamentals and capability restructuring, emphasizing the need for deep coupling of policy resources, industrial foundations, and capital operation capabilities [2]. - The forum titled "Collaborative Industrial Investment Ecosystem" focused on how to address pain points such as differing interests and ineffective collaboration mechanisms among PE, industrial investment, and listed companies [2][20]. Group 2: Company Profiles - Ushan Investment, founded by Chen Shiyou, manages approximately 16 billion yuan and has invested in 45 direct projects, with plans for 10 more to go public this year [3]. - Geely Capital, led by CEO Cao Xiang, aims for over 4.1 million global vehicle sales by 2025 and has diversified into smart mobility and hard technology sectors, including low-altitude flight and Robotaxi services [3]. - Lingxiong Technology, represented by He Jingwei, focuses on Device as a Service (DaaS) and has been listed on the Hong Kong Stock Exchange since 2022, with major shareholders including Tencent and JD [4]. - Frontier Investment, led by Li Cheng, specializes in mid-to-late-stage investments in advanced manufacturing sectors, managing around 5 billion yuan across eight funds [4]. - Shenzhen Dash Smart, represented by Lü Feng, provides smart office and park management solutions leveraging IoT and AI technologies [5]. - Guolian New Venture, led by Shen Guangping, manages about 10 billion yuan and focuses on integrated circuits and AI, with over 120 investment projects [6]. - Haier Capital, represented by Zhang Jiacheng, has invested in nearly 200 projects with a focus on smart home ecosystems and digital economy sectors [6]. - Nuoyan Capital, led by Zhuang Yingming, focuses on industrial mergers and acquisitions, managing around 20 billion yuan [7]. Group 3: Investment Strategies - Effective collaboration requires clear positioning and advantages among PE, industrial investment, and listed companies, establishing a mechanism for risk-sharing and benefit-sharing [8][31]. - The investment process should involve phased resource injection to control risks and ensure collaborative benefits, with specific goals for each stage [8]. - Listed companies have inherent advantages in direct investment due to their ability to validate products and technologies, but they must avoid over-involvement in decision-making to maintain market independence [10][11]. Group 4: Challenges and Solutions - The dual nature of listed companies' investments can lead to hesitance in decision-making due to their deep understanding of technology, necessitating a balance between industry experience and independent judgment [11][12]. - Disagreements often arise in unfamiliar fields or with innovative technologies, requiring extensive communication and understanding among stakeholders [13][14]. - The success rate of mergers and acquisitions is generally low, with key factors including the commitment of the controlling shareholders and focusing on industry-specific mergers rather than cross-industry ones [19]. Group 5: Ecosystem Development - The integration of PE, industrial investment, and listed companies is crucial for facilitating technology transfer from R&D to market application, with a focus on collaborative models for resource sharing and project incubation [20][29]. - The establishment of innovation centers and partnerships with local governments can enhance the incubation process, ensuring that projects meet market needs and have opportunities for trial applications [29][30]. - A flexible profit-sharing mechanism is essential to align the interests of PE, industrial investors, and listed companies, ensuring that all parties benefit from the growth of invested enterprises [31][32].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 凌雄科技集團有限公司 (於開曼群島註冊成立的有限公司) FF301 呈交日期: 2026年2月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02436 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | 本 ...

Group 1 - The core viewpoint of the article highlights that Lingxiong Technology, the parent company of Xiaoxiong U Rental, has been recognized in the "New Quality 100" list for its innovative achievements in the Device as a Service (DaaS) sector [1][4] - The "New Quality 100" list is an initiative by Economic Observer to identify Chinese enterprises that demonstrate technological breakthroughs, industry leadership, and future growth potential, serving as a benchmark for future industrial directions in China [3] - Lingxiong Technology has been acknowledged as a national-level specialized and innovative "little giant" enterprise, focusing on digital transformation and optimizing resource allocation to enhance operational efficiency and service quality [4] Group 2 - The company has developed a comprehensive suite of DaaS services, including IT equipment recycling, subscription services, and SaaS for equipment management, addressing key pain points for enterprises such as high upfront costs and inefficient IT management [4] - Lingxiong Technology has supported thousands of enterprises, including many Fortune 500 companies, in achieving cost reduction, digital transformation, and high-quality development, thereby contributing to the cultivation of new quality productivity [4] - The recognition in the "New Quality 100" list is seen as validation of Lingxiong Technology's 20 years of innovation in the DaaS field, with a commitment to continue developing tailored solutions for enterprises [4]

凌雄科技(02436)发布公告，于2026年1月23日，董事会决议根据Beauty Bear雇员激励计划项下的受限制 股份奖励计划向78名奖励对象授出可认购133.11万股股份的133.11万份奖励，须待奖励对象接纳方可作 实。 ...

Group 1 - The company, Lingxiong Technology (02436.HK), announced a decision by its board to grant 1.33 million share options under the Beauty Bear employee incentive plan to 78 recipients [1] - The share options will only become effective upon acceptance by the recipients [1] - This move is part of the company's strategy to incentivize employees and align their interests with the company's performance [1]

智通财经APP讯，凌雄科技(02436)发布公告，于2026年1月23日，董事会决议根据Beauty Bear雇员激励 计划项下的受限制股份奖励计划向78名奖励对象授出可认购133.11万股股份的133.11万份奖励，须待奖 励对象接纳方可作实。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 LX Technology Group Limited 凌雄科技集團有限公司 本公司根據上市規則第17.06A條作出本公告。 於2026年1月23日，董事會決議根據Beauty Bear僱員激勵計劃項下的受限制股份 獎勵計劃向78名獎勵對象授出可認購1,331,100股股份的1,331,100份獎勵，須待 獎勵對象接納方可作實，詳情載列如下： 根據受限制股份獎勵計劃授出獎勵 獎勵日期 ： 2026年1月23日（「獎勵日期」） 獎勵對象數目 ： 78名獎勵對象（包括2名董事（陳修偉先生和 陳雙女士）及76名本集團僱員） 所授出獎勵數目 ： 總計1,331,100份獎勵，相當於截至本公告日 期同等數量獎勵股份及已發行股份總數約 0.38%。 其中，210,300份獎勵和25,500份獎勵分別已 授予陳先生和陳女士，餘下1,095,300份獎勵 已授予76名本集團其他僱員。 – 1 – （於開曼群島註冊成立的 ...

Core Insights - Lingxiong Technology Group Co., Ltd. is the largest enterprise-level DaaS (Device as a Service) provider in China, established in 2004, and has developed a digital, multi-scenario, and closed-loop DaaS business model [1] - The company has been recognized as a national public service demonstration platform for small and medium-sized enterprises and a national-level specialized and innovative "little giant" enterprise [1] Group 1 - Lingxiong Technology focuses on customer needs and has innovated its digital DaaS service model, offering a full-stack service including IT equipment subscription, technical subscription, device management SaaS, and equipment recycling [1] - The company has assisted tens of thousands of enterprises, including many Fortune 500 companies, in addressing IT equipment lifecycle management challenges, thereby promoting cost reduction and digital upgrades [1] Group 2 - From October 2024 to October 2025, Lingxiong Technology will deepen its digital closed-loop DaaS solutions, creating a comprehensive service system that includes "equipment subscription - technical support - management services - recycling and reuse" [2] - The core model of "customized on demand, pay per use" provides flexible and efficient IT infrastructure support for enterprises [2] Group 3 - The solutions have quantifiable effects: compared to traditional procurement models, they can reduce initial investment by 97.4% and lower operational costs by 10% to 30% over three years [3] - The "rent as needed" model allows enterprises to dynamically adjust equipment quantities, alleviating cash flow pressure while avoiding maintenance and disposal costs [3] - Lingxiong Technology has successfully helped numerous SMEs overcome the IT infrastructure barriers to digital transformation [3] Group 4 - The solutions leverage industry-leading remanufacturing technology to extend the lifecycle of millions of IT devices, reducing the demand for new equipment and lowering annual carbon emissions by thousands of tons [3] - In 2024 alone, the company contributed a net carbon reduction of over 83,740 tons to society [3] - Since the 14th Five-Year Plan, Lingxiong Technology has achieved a revenue CAGR of over 20% [3]

Summary of Key Points Core Viewpoint - As of January 9, a total of 73 stocks reached their 52-week highs, with notable performances from Lingxiong Technology (02436), Delai Construction (01546), and Zhipu (02513) showing significant growth rates of 104.99%, 38.89%, and 22.22% respectively [1]. 52-Week Highs - Lingxiong Technology (02436) closed at 11.760, with a peak price of 15.600, achieving a high rate of 104.99% [1]. - Delai Construction (01546) closed at 0.161, reaching a maximum of 0.250, with a high rate of 38.89% [1]. - Zhipu (02513) had a closing price of 158.600 and a peak of 165.000, resulting in a high rate of 22.22% [1]. - Other notable stocks include Asia Pacific Satellite (01045) with a high rate of 20.64% and Rongda Technology (09881) at 12.87% [1]. 52-Week Lows - The stocks reaching their 52-week lows include Lishi International (00842) with a closing price of 0.850, marking a decline of 39.29% [2]. - Bokan Vision Cloud - B (02592) closed at 2.930, with a decrease of 16.90% [2]. - Lingzai Technology Finance (00093) reached a low of 0.485, reflecting a drop of 14.77% [2].

Group 1 - The core viewpoint of the articles highlights significant movements in the stock market, particularly in Hong Kong and the US, driven by various company announcements and market trends [1][2][3][5][6][7][8]. Group 2 - 万国数据-SW (09698) saw a rise of over 3.6% following the announcement of a successful C-round financing of $2 billion for its international business platform DayOne [1]. - 智谱 (02513) experienced a surge of over 24% on its second day of trading, becoming the first global large model stock listed on the Hong Kong Stock Exchange [1]. - 禾赛-W (02525) increased by over 3% after showcasing its latest lidar technology at CES 2026, along with updates on delivery volume and strategic partnerships [1]. - Lithium battery concept stocks rose, with 中创新航 (03931) up 4.74%, as the Ministry of Industry and Information Technology announced a meeting to regulate the battery industry [1]. - 快手-W (01024) gained over 2.3% as Goldman Sachs projected that its AI model upgrades would enhance overseas user recognition and revenue [2]. - 佳鑫国际资源 (03858) rose over 5.4% after announcing a mining service procurement agreement worth approximately 2.27 billion HKD [2]. - Gold stocks generally increased, with 山东黄金 (01787) up 6.01%, driven by geopolitical risks and expectations of interest rate cuts supporting gold prices [2]. - 九方智投控股 (09636) rose over 5.6% following the announcement of acquiring JF Financial Company Limited [3]. - 凌雄科技 (02436) surged by over 96.85%, with expectations of significant market penetration in the DaaS sector over the next five years [3]. - 理士国际 (00842) plummeted over 60% after announcing a plan to split and list on the US stock market [3]. - Buda Juice (BUDA.US) debuted on the US market with an 8.13% increase, focusing on fresh juice and health drinks [5]. - 虎牙 (HUYA.US) reached a five-and-a-half-month high, rising 14.47% after the successful launch of a new mobile game [5]. - Applied Digital (APLD.US) led gains in the crypto mining sector with a 250% year-over-year revenue increase [5]. - Critical Metals (CRML.US) saw a near 10% rise but later fell, having gained over 110% in the first five trading days of the year [6]. - 哔哩哔哩 (BILI.US) rose 6.51% as Morgan Stanley noted stable ad performance despite uncertain gaming prospects [6]. - Storage stocks fell, with SanDisk (SNDK.US) down 5.38%, amid concerns over the sustainability of AI-related capital expenditures [6]. - The space sector saw gains, with L3Harris Technologies (LHX.US) up 5.16% after a strategic sale [7]. - Chip stocks declined, with NVIDIA (NVDA.US) down 2.15%, reflecting broader market concerns [7]. - Precious metals stocks fell, with significant drops in silver and gold prices due to liquidity shocks [8].