"全球化布局的持续推进、产品创新的差异化优势、用户生态的良性发展"协同发力。 本文为IPO早知道原创 作者｜苏打 微信公众号｜ipozaozhidao 一季度，霸王茶姬门店总量为 6681家 ，较 2 024 年同期同比增长 63.6%。 期内， 注册会员 数 同比大增 109.6% 至 1.924亿 ， 活跃会员 4490万，同比增长21.4%。 " 公司业绩的稳健提升主要得益于三大战略支柱的协同发力 ，即 全球化布局的持续推进、产品创新 的差异化优势，以及用户生态的良性发展 "， 霸王茶姬创始人、董事长兼 CEO张俊杰 在当晚电话 会议中表示 ， "这三大支柱不仅是我们本季度取得优异业绩的关键支撑，更是构建公司长期竞争壁 垒的重要基石。" 海外市场的表现成为本季亮点之一，总计贡献约 1.78亿元 GMV， 同比 大增 85.2% 。 霸王茶姬全球 CFO黄鸿飞表示，"现阶段，我们专注于在海外组建团队和构建体系。这有助于为健 康、长期、可持续的发展奠定坚实基础。 在开设海外新店方面，我们更关注质量与关键绩效指标， 而非单纯追求扩张速度。 " 截至目前， 头部新茶饮品牌 成功上市的公司总数已达 6家，包括奈雪 ...

Core Viewpoint - RoboSense (速腾聚创) is experiencing explosive growth in its robotics business, driven by high-margin products and strategic advancements in digital lidar technology, positioning itself as a leader in the global lidar market [2][5][9]. Financial Performance - In Q1 2025, RoboSense reported revenue of 328 million RMB, with ADAS lidar revenue at 229 million RMB and robotics lidar revenue at 73 million RMB, marking an 87% year-on-year increase [2]. - The company's gross margin improved by 11.2 percentage points to 23.5%, while net loss narrowed by 24.4% to 98.79 million RMB [5]. Market Position and Orders - As of March 2025, RoboSense secured over 100 mass production orders from 30 automotive manufacturers and suppliers, with 38 models achieving SOP for 12 clients [7]. - The company holds a leading position in the global automotive lidar market, with a 50% share of lidar-equipped models showcased at the Shanghai Auto Show [9]. Product Development and Innovation - RoboSense launched two new solid-state digital lidar products, E1R and Airy, designed specifically for robotics applications, enhancing reliability and coverage [13]. - The company has established partnerships with over 90% of core Robotaxi and Robotruck enterprises globally, with projected sales growth of 41% in the Robotaxi sector by 2026 [11]. Industry Trends and Future Outlook - The global market for robotic lawnmowers is expected to exceed $1.5 billion in 2024, with a compound annual growth rate of 21% projected through 2029 [17]. - RoboSense's self-developed SPAD-SoC chip technology significantly reduces costs by over 70%, solidifying its competitive edge in the lidar market [21][22].

Core Viewpoint - L Catterton has successfully raised approximately $11 billion in its latest global fundraising round, marking a significant milestone in its investment strategy focused on high-quality consumer assets [1][2]. Fundraising Overview - The flagship buyout fund raised over $6.75 billion, contributing to a total equity capital under management exceeding $37 billion across various investment strategies including buyout, growth, credit, and commercial real estate [1][2]. - This fundraising round includes the final closings of multiple fund platforms, such as the tenth flagship buyout fund (L Catterton Partners X), fifth growth fund (L Catterton Growth V), and fifth European fund (L Catterton Europe V) [1]. Investor Participation - The fundraising attracted a diverse range of long-term capital institutions, including sovereign wealth funds, public pension funds, university endowments, family offices, and high-net-worth individual investors [2]. Leadership Insights - Scott Dahnke, CEO of L Catterton, expressed gratitude for the investors' trust and highlighted the strong growth momentum across platforms despite a complex market environment [3]. - Michael Chu, Executive Chairman and Co-Founder, emphasized the increasing complexity and globalization of the consumer market, which raises the standards for investment institutions' industry insights and operational management capabilities [3].

现已打造了覆盖客户全生命周期的保险产品矩阵。 本文为IPO早知道原创 作者｜Stone Jin 微信公众号｜ipozaozhidao 据 IPO早知道消息， 手回集团 有限公司 （以下简称 "手回集团"）于2025年5月30日正式以" 2621 "为股票代码在港交所主板挂牌上市。 手回集团 在本次 IPO发行中总计发行 24,358,400 股股份。其中，香港公开发售获 990.00倍认 购，国际发售亦获1.13倍认购。此外， 手回集团在本次 IPO发行 中 引入天津海泰集团 和 鹿驰资 本两位基石投资者，累计认购约 4955万港元 。以每股 8.08港元的发行价计算， 手回集团 本次 IPO募资总额为1.97亿港元。 成立于 2015年的手回集团作为一家中国人身险中介服务提供商，致力于通过人身险交易与服务平 台，在线为投保人和被保险人提供保险服务解决方案。 根据弗若斯特沙利文的资料，按 2023年的长期人身险的总保费计算，手回集团是中国第二大线上保 险中介服务机构，占据 7.3%的市场份额；按2023年的长期人身险的首年保费计算，手回集团同样 是中国第二大线上保险中介服务机构。 手回集团 董事长兼 CEO ...

本次定点的汽车集团是中国汽车行业的龙头。 本文为IPO早知道原创 作者｜Stone Jin 微信公众号｜ipozaozhidao 据 IPO早知道消息， 图达通今日宣布，已与中国头部汽车集团达成合作，获得其旗下多个品牌车型 定点。图达通将作为独家激光雷达供应商，为这些车型提供 905nm灵雀系列E1X产品。 图达通表示，本次合作是公司商业化进程中一块重要的里程碑，无论从客户地位、产品类别、车型数 量等各方面来说，均是一次质与量的大踏步飞跃。 本次 定点的汽车集团是中国汽车行业的龙头， 24年整车销量排名高居前列。此次定点包含该集团下 的自主品牌、全球品牌和新能源品牌等，覆盖数款车型，将于2026年量产。公开资料显示，这些品 牌在中国乃至全球都拥有广泛且深厚的用户基础，预计此次定点的车型在未来3年的销量将达数十万 台。 事实上，基于 1550nm猎鹰系列激光雷达累积出货超50万台的成绩，图达通已站稳车规级激光雷达 市场。 本次 将为数款车型提供 905nm灵雀E1X产品 ——其作为 一款远距离主视激光雷达产品， 采用前沿电子光学技术，实现了小巧体积与强劲性能的结合。 此前，灵雀 E1X便已获得某家头部新势力车企 ...

中国RISC-V主控量产解决方案数量最多的提供商。 本文为IPO早知道原创 作者｜Stone Jin 微信公众号｜ipozaozhidao 据 IPO早知道消息， 北京奕斯伟计算技术股份有限公司 （以下简称 " 奕斯伟计算 "）于2025年5 月30日正式向港交所递交招股说明书，拟主板挂牌上市，中信证券和中信建投国际担任联席保荐 人。 这意味着， 奕斯伟计算 或将成为 "RISC-V第一股" 。 值得注意的是， 奕斯伟计算 的 创始人兼战略与投资委员会主席 为 王东升 ，其是 中国半导体显示 产业奠基人，攻克了 "少屏"困局 。 成立于 2019年的 奕斯伟计算 采用 新一代 RISC-V计算架构，创新领域专用算法 和 IP模块，构建 高效开放的软硬件平台，为全球客户提供系统级解决方案 。 具体来讲， 奕斯伟计算为消费电子与智能物联网公司提供智能终端解决方案，赋能智能家居、办公 和 便携应用场景 。 根据弗若斯特沙利文的资料，按 2024年营收 计算 ，奕斯伟计算是中国最大的 提供智能终端人机交互解决方案的公司。 同时， 奕斯伟计算向具身智能汽车、机器人及产业领域的客户提供覆盖智能感知、连接、计算和控 制等功 ...

Core Viewpoint - Lin Qingxuan is the only domestic high-end skincare brand among the top 15 in China, focusing on anti-wrinkle and firming products, with a strong emphasis on natural ingredients like camellia oil [1][7]. Company Overview - Founded in 2003, Lin Qingxuan specializes in high-end skincare products, particularly those based on camellia flower ingredients [3]. - The flagship product, Camellia Essence Oil, launched in 2014, has sold over 30 million bottles and has been the top-selling facial essence oil in China for 11 consecutive years [5]. Product Development - Lin Qingxuan has developed a range of patented ingredients and products, including various serums, creams, and masks, totaling 188 SKUs as of December 31, 2024 [6]. - The company has introduced several successful products, such as the Camellia Black Gold Anti-Wrinkle Cream, generating significant revenue in its first year [6]. Market Position - As of 2024, Lin Qingxuan ranks first among domestic high-end skincare brands in China and is the only domestic brand in the top 15 overall [7]. - The brand leads the market in high-end anti-wrinkle and firming products among domestic brands [7]. Customer Engagement - Lin Qingxuan has over 4.3 million active customers, with an average annual repurchase rate of approximately 34.6%, surpassing the industry average [8]. Distribution Channels - The company operates 506 stores, primarily in shopping malls, with a significant portion being direct-operated stores, ensuring consistent customer experience [10]. - Online sales have seen rapid growth, with a compound annual growth rate of 51.2% from 2022 to 2024 [10]. Financial Performance - Lin Qingxuan's revenue has grown from 691 million yuan in 2022 to 1.21 billion yuan in 2024, with a compound annual growth rate of 32.5% [12]. - The company achieved profitability in 2023, with adjusted net profits exceeding 200 million yuan in 2024 [13]. Future Plans - Lin Qingxuan aims to expand into Southeast Asian markets as part of its globalization strategy [11]. - The company plans to use IPO proceeds to enhance brand value, sales networks, production capabilities, and technological development [14]. Industry Outlook - The high-end skincare market in China is projected to grow from 74.9 billion yuan in 2019 to 114.4 billion yuan in 2024, with anti-wrinkle products expected to see a compound annual growth rate of 21.2% [14].

Core Viewpoint - The company, Yika (9923.HK), has recently obtained the Money Transmitter License (MTL) from the Arizona Department of Financial Institutions, marking a significant step in its global expansion strategy [2]. Group 1: Licensing and Compliance - Yika has successfully acquired the MTL license, following its previous attainment of the Money Services Business (MSB) license, indicating recognition from U.S. financial regulators regarding its product compliance and overall strength [2]. - The process of obtaining the MTL license is complex and time-consuming, requiring prior application for the MSB license as a prerequisite for state-level MTL applications [2]. Group 2: Global Business Strategy - Since 2021, Yika has focused on overseas markets, actively applying for various licenses, including Hong Kong MSO, Singapore MPI, and U.S. MSB, to provide secure and efficient digital financial services globally [3]. - The company has launched a range of services such as local wallets, overseas wallets, credit cards, joint collection, foreign exchange, and cross-border remittance to enhance customer experience [3]. Group 3: Business Growth and Client Diversification - Yika's overseas business has shown remarkable growth, with a reported transaction volume exceeding 1.1 billion RMB in 2024, reflecting a nearly fivefold year-on-year increase [4]. - The client base has diversified, including well-known brands in various sectors such as automotive, luxury goods, beauty, and entertainment, which has strengthened the company's business resilience [4].

Core Viewpoint - The article highlights that the Zhiyuan Robot's "Expedition A2" humanoid robot has become the first in the world to obtain certifications from China (CR), the European Union (CE-MD, CE-RED), and the United States (FCC), marking a significant milestone in the humanoid robotics industry [2][3][5][7]. Group 1: Certifications and Achievements - The Expedition A2 humanoid robot is the first globally to receive CR certification, which is a high-end certification promoted by the Chinese government, ensuring safety and performance standards [3]. - The robot has also achieved CE-MD certification, which assesses mechanical safety and risk protection measures, confirming its compliance with international safety standards [5]. - Additionally, the Expedition A2 has passed the FCC certification, which ensures electromagnetic compatibility and radio frequency safety, allowing it to enter the U.S. market [7]. Group 2: Technical Specifications and Applications - The Expedition A2 is designed based on ergonomic principles, enabling it to autonomously navigate and interact in complex environments [9]. - It stands at a height of 170 cm and features over 50 degrees of freedom, equipped with safety monitoring and dual control systems, making it suitable for various applications such as marketing services, exhibition explanations, and supermarket guidance [9]. - The robot's safety features include PLd-level protection, ensuring its reliability in diverse operational scenarios [9].

本文为IPO早知道原创 以"世界一流的智能影像公司"为愿景。 据 IPO早知道消息， 影石创新科技股份有限公司 （以下简称 " 影石创新 "）今日开启申购，预计 将于6月中上旬正式以"688775"在科创板挂牌上市。 作者｜Stone Jin 影石创新本次计划发行 4,100万股 新股（不涉及 老股转让 ），其中 初始战略配售发行数量为 820 万股，占本次发行数量的20.00%。 值得一提的是， 五家与 影石创新经营业务具有战略合作关系或长期合作愿景的大型企业或其下属企 业 作为战略配售投资者参与本次发行，涵盖了国际顶级投资机构淡马锡、互联网巨头腾讯、制造业 领域的 立讯精密 和韦尔股份、以及国资 紫荆 集团，整体阵容较为多元化。 IPO前， 影石创新 还已获得 IDG 资本、启明创投、迅雷、苏宁、麦高控股、华金资本、朗玛峰创 投、中信证券、金石资本、招商局中国基金、基石资本、利得资本等知名机构的投资。 成立于 2015年的 影石创新 作为一家 以全景技术为基点的全球知名智能影像设备提供商 ， 自成立 以来一直专注于全景相机、运动相机等智能影像设备的研发、生产和销售 。目前， 影石创新推出的 智能影像设备产 ...