On November 27, it was revealed that Liu Guoqing, co-founder, chairman, and CEO of MINIEYE (02431), personally acquired an additional 50,000 shares at an average price of approximately HK$15.88 per share. This move underscores management's strong confidence in the company's fundamentals and medium-to-long-term growth potential, sending a positive signal for its future development.
In terms of business performance, MINIEYE has achieved significant progress in both its core operations and emerging sectors. According to its H1 2025 financial report, the company's revenue grew 46.1% year-over-year, with its L4 autonomous driving segment reaching a key milestone—generating tens of millions in revenue within six months. By the end of June 2025, MINIEYE had partnered with 42 automakers for mass production, including major domestic brands like SAIC, Changan, and Chery, as well as joint ventures, demonstrating strong industry penetration and commercialization capabilities.
Recently, MINIEYE secured new contracts for its high-level autonomous driving domain controller, iPilot 4 Plus, with two models from a leading independent automaker. Its smart cockpit solutions also gained new designations from a global automaker’s joint venture and luxury brand. Leveraging platform-based development efficiency, the company is expected to further scale operations, enhance profitability, and sustain self-generated growth.
The L4 autonomous vehicle business is opening a second growth curve for MINIEYE. As one of the few Chinese companies advancing in both "smart mobility" and "smart logistics," MINIEYE has successfully deployed L4 solutions across multiple scenarios. Its self-developed autonomous minibuses are already in regular operation in Suzhou, Shanghai, Heilongjiang, and Hangzhou, with recent wins in high-value projects and entry into high-barrier applications like airport shuttles, showcasing strong engineering adaptability.
Meanwhile, its new unmanned logistics vehicle, "XiaoZhu," launched just three months ago, has secured strategic partnerships with industry leaders like Shenzhen Eastern Bus and completed operational validation in urban logistics. Over the past month, the company has disclosed over 1,400 autonomous vehicle projects, reflecting accelerating order momentum and rapid scaling.
With AI advancements and more large-scale deployments, the L4 segment is poised to become a major revenue driver in the coming years. The autonomous driving industry is transitioning from a "technology validation phase" to a "value realization phase," fueled by supportive policies and automakers' intensified smart strategies. Companies with mass-production capabilities, AI algorithm expertise, and L4 deployment experience—like MINIEYE—are well-positioned to capture new structural opportunities.
Amid broader tech sector corrections and short-term market concerns, MINIEYE’s management share purchase signals long-term optimism and a commitment to sharing risks and rewards with shareholders. Analysts suggest that as passenger vehicle business scales and L4 minibus/logistics solutions enter mass deployment, MINIEYE could achieve breakthroughs in the next industrial cycle, expanding beyond traditional Tier 1 roles into higher-value OEM engagements, driving further long-term value reassessment.
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