Beijing Longruan Technologies Inc. (688078.SH) plans to establish Longruan Space-time Intelligence to build a large-scale general artificial space-time intelligence model.

Beijing Longruan Technologies Inc. (688078.SH) announced that the company intends to jointly invest RMB 30 million with its affiliated company Beijing Longruan Zhixin Technology Center (limited partnership) ("Longruan Zhixin") to establish Beijing Longruan Space-time Intelligent Technology Co., Ltd. (tentative name, "Longruan Space-time Intelligent"). The company will invest RMB 21 million with its own funds, accounting for 70% of the controlling company's registered capital; Longruan Zhixin will invest RMB 9 million, accounting for 30% of the controlling company's registered capital. Beijing Longruan Technologies Inc.'s "Artificial Spatiotemporal Intelligence Research Institute" will be merged into Longruan Space-time Intelligent company. The announcement states that the newly established joint venture company aims to fully leverage innovation in the development of new productive forces, supported by artificial intelligence technology to build a universal artificial space-time intelligent model. The company will first achieve the normalized application of spatiotemporal intelligence in fields such as mines, truly realizing labor and unmanned production, and promoting the innovative development goal of intelligent mining by 2030. Based on this, the company aims to achieve applications in various industries and scenarios such as energy, Siasun Robot&Automation, unmanned driving, construction, electromechanical integration, and intelligent manufacturing. It is reported that the purpose of this initiative is to research and develop cutting-edge technology and applications of AI + industrial engineering in multiple application scenarios of artificial spatiotemporal intelligence, leveraging Beijing Longruan Technologies Inc.'s spatial information technology advantages. This will enable the company to support the full cycle of spatiotemporal intelligence from technology research and development to large-scale application, consolidating and enhancing the company's core competitiveness.