Vanjee Technology Co Ltd

The draft revision to the Road Traffic Safety Law was submitted on August 25 for deliberation at the 24th meeting of the Standing Committee of the 14th National People's Congress. It adds a dedicated chapter on special provisions for autonomous vehicles, clarifying that when road traffic safety violations occur while the autonomous driving function is activated, the manufacturer or importer will be responsible for handling them. The draft also defines the concepts of autonomous vehicles and assisted driving functions, stipulating that vehicles equipped only with assisted driving functions will be managed as non-autonomous vehicles. Industry insiders say this is a milestone in the legalization of autonomous driving in China, clarifying primary liability at the legal level and clearing obstacles for the commercial deployment of Level 3 and above autonomous driving. It is seen as positive for A-share concept stocks such as Ruili Kemi and Wanji Technology. In addition, an international standard for testing electronic communication magnetic components, led by China, was recently jointly released by the International Electrotechnical Commission and the Institute of Electrical and Electronics Engineers. Related concept stocks include Jingquanhua and Click Technology.

Wanji Technology released its 2026 interim report. Operating revenue was 488 million yuan, up 15.9 percent year on year. Net profit attributable to the parent swung from a loss of 100 million yuan in the same period last year to a loss of 32.13 million yuan, narrowing the deficit. Net profit attributable to the parent after deducting non-recurring items swung from a loss of 119 million yuan a year earlier to a loss of 38.7 million yuan, also narrowing. Net operating cash flow was negative 91.85 million yuan, an improvement of 23.7 percent year on year. Earnings per share were negative 0.1508 yuan. In the second quarter, operating revenue was 250 million yuan, up 8.1 percent year on year. Net profit attributable to the parent swung from a loss of 49.08 million yuan a year earlier to a loss of 6.07 million yuan, narrowing the deficit. Net profit attributable to the parent after deducting non-recurring items swung from a loss of 54.03 million yuan to a loss of 8.35 million yuan, also narrowing. Earnings per share were negative 0.0285 yuan. As of the end of the second quarter, total assets were 2.639 billion yuan, down 3.01 percent from the end of the previous year. Net assets attributable to the parent were 1.73 billion yuan, down 1.8 percent from the end of the previous year. In the interim report, the company said its main businesses remained stable during the reporting period, as it continued to deepen its presence in intelligent connected vehicles, smart transportation, and intelligent sensing hardware. Industry policy support is creating long-term growth space for business expansion, especially in digital transportation and autonomous driving. Management discussion and analysis noted that the company has continued to optimize its business layout in intelligent connected vehicles, lidar, and dedicated short-range communications, and is committed to providing integrated solutions of products, systems, and services, while actively advancing the commercial rollout of emerging businesses such as intelligent connected vehicles and lidar.