Group 1 - The core viewpoint is that the increasing cost pressures on automotive companies due to U.S. chip export restrictions and uncertain international trade environment are driving local companies to accelerate their layout in the third-generation semiconductor field and expedite the certification and integration of domestic chips [2] - The automotive chip industry in China is currently experiencing rapid development driven by both intelligence and domestic substitution [2] - The trend of "equalization of intelligent driving" is becoming significant, with mid-to-high-level assisted driving transitioning from a differentiated "value-added service" to a critical factor in capturing the mass market [2] Group 2 - The company emphasizes that for most automotive manufacturers, the path of full-stack control combined with ecological cooperation is more pragmatic and cost-effective, allowing for quicker mass production and better mastery of core technologies [2] - The company notes that the profitability of intelligent driving orders depends on various factors such as development costs, hardware-software ratios, procurement costs, and shipment volumes, with increasing collaboration among manufacturers driven by the need for scale effects [3] - The company has improved its operational efficiency significantly, with productivity per employee increasing from 780,000 to 1,680,000 over the past three years, which positively impacts profitability [3]

Group 1: Company Insights - Shenzhen Lingfeng Asset recently conducted research on the listed company Siwei Tuxin, highlighting the trend of intelligent driving equality becoming a key industry focus [1] - The company noted that mid-to-high-level assisted driving functions are gradually being integrated into lower-end models, establishing intelligent driving as a leading business segment [1] - Siwei Tuxin's data compliance business shows a clear growth trend, with AI-enhanced data loops aiding automakers in rapid algorithm iteration and optimization [1] Group 2: Product Development and Market Trends - The world model is being utilized for behavior prediction and trajectory generation, with productization aimed at OEMs and Tier 1 suppliers [1] - The company emphasized the need for intelligent driving orders to achieve certain sales volumes to realize economies of scale, alongside internal cost control and operational efficiency improvements positively impacting profitability [1] - The implementation of new national standards for two-wheeled vehicles is expected to create new market demands for Jiefa Technology's SoC cockpit products, aligning with leading automakers' overseas expansion needs [1] Group 3: Financial Projections and Growth - Jiefa Technology anticipates a revenue growth of over 12% in 2024, with an additional 3 million sets of basic driving point products and 600,000 sets of cockpit products expected to be secured by Q1 2025 [1] - The company is confident in achieving significant loss reduction by 2025, supported by the successful launch of its fifth-generation SoC product, the AC8025AE [1] - Jiefa Technology's automotive-grade MCU chip AC7870 has been successfully launched, meeting ISO 26262 ASIL-D functional safety standards, applicable across various scenarios [1]

Core Insights - The company Siwei Tuxin has achieved significant milestones in its semiconductor production, with a total of 90 million SoC chips shipped and over 70 million MCU chips shipped [1] Group 1: Product Lines and Certifications - Siwei Tuxin's subsidiary, Jiefa Technology, has successfully passed automotive-grade certification for its two main product lines, SoC and MCU, and has stabilized mass production across multiple generations [1] - The company is focusing on the AC780x, AC784x, AC787x series, and MCU+ product lines to meet diverse market demands [1] Group 2: Market Strategy and Ecosystem Development - Jiefa Technology has developed a complete product matrix for MCU chips across entry, mid, and high-end segments, continuously building a rich ecosystem [1] - The company is implementing a comprehensive domestic supply chain strategy to align with future trends in new E/E architecture development [1]

Industry Trends - The trend of "smart driving equality" is becoming crucial, with mid-to-high level assisted driving evolving from a "value-added service" to a "decisive factor" in the mass market [2] - Mid-level assisted driving features are expected to become standard in vehicles priced around 100,000 RMB, promoting the widespread adoption of assisted driving technology [2] - The automotive chip industry is rapidly developing under the dual drivers of smartization and domestic substitution, influenced by U.S. export restrictions and rising cost pressures [3] Business Performance - The compliance business achieved a growth rate of 150% in 2024, with Q1 2025 also exceeding 100% growth [3] - The revenue for the intelligent cloud segment is projected to reach 2.254 billion RMB in 2024, marking a year-on-year increase of 28.96% [3] - The company aims to significantly reduce losses in 2025 through cost control and operational efficiency improvements [11] Product Development - The company’s chip subsidiary, Jiefa Technology, has shipped 90 million SoC chips and over 70 million MCU chips, covering more than 95% of domestic automakers [8] - The latest SoC product, AC8025AE, offers a complete solution for parking and L2+ driving, enhancing integration and stability [8] - The new MCU chip, AC7870, meets high-level safety standards and is designed for various automotive applications [14] Regulatory Environment - Recent regulations from the Ministry of Industry and Information Technology aim to rectify disorder in the smart connected vehicle industry, promoting high-quality development [6] - The commitment from major automakers to limit payment terms to 60 days will enhance cash flow and reduce financial costs for the company [7] Future Outlook - The company anticipates a revenue growth of over 12% in 2024, with significant new product launches planned [11] - The introduction of new national standards for electric two-wheelers in 2024 is expected to create new market opportunities for Jiefa Technology [12]

Core Viewpoint - Jiefa Technology has achieved significant milestones in chip production, with over 300 million chips shipped, including nearly 90 million SoC chips and over 70 million MCU chips, indicating strong market presence and growth potential [1][2]. Group 1: Company Overview - Jiefa Technology was established in 2013, originally as the automotive electronics division of MediaTek, and has since focused on automotive-grade chips [1]. - The company was acquired by Siwei Tuxin in 2017 and has maintained a strong R&D team from MediaTek, leveraging their expertise in automotive-grade chip development [1]. Group 2: Product Lines and Achievements - Jiefa Technology has four main product lines: SoC chips, MCU chips, tire pressure monitoring sensor chips, and power amplifier chips, with a strong emphasis on SoC chips [1]. - All product lines have passed automotive regulations, with each line having completed at least two generations of mass production iterations [2]. - The SoC chip line has evolved through five generations since the launch of the AC8225 in 2014, while the MCU chip line saw its first 32-bit automotive-grade MCU chip reach mass production in 2018 [2]. Group 3: Market Presence and Clientele - Jiefa Technology's chips are used in over 80 million vehicles globally, showcasing their extensive market reach [2]. - The company serves major automotive manufacturers and Tier 1 suppliers, including Honeywell, CATL, and United Electronics, with end customers like GAC, Li Auto, Xpeng Motors, Geely, BMW, and Volvo [2].

Core Viewpoint - The company is facing significant financial challenges, with a reported undistributed profit of -972,744,761.4 yuan as of December 31, 2024, which exceeds one-third of its total equity, primarily due to intensified competition and strategic adjustments in the smart automotive industry [2] Group 1: Financial Performance - The company's undistributed losses amount to -972,744,761.4 yuan, which is more than one-third of its total equity of 2,371,817,314 yuan [2] - The losses are attributed to increased competition in the smart automotive sector, leading to pressure on product margins and profitability [2] Group 2: Industry Challenges - The automotive industry is undergoing rapid technological innovation, with both traditional automakers and new tech companies increasing their investments in smart vehicles [2] - Companies are adopting aggressive pricing strategies to attract consumers, which intensifies market competition and challenges profitability for automakers and suppliers [2] Group 3: Strategic Adjustments - The company is focusing on core business segments such as intelligent cloud, intelligent driving, intelligent cockpit, and intelligent chips to enhance market competitiveness and profitability [3] - A new product lineup, including the NIInCar series of intelligent driving products, is being introduced to provide cost-effective solutions for automakers [3] - The company is optimizing its organizational structure and personnel allocation to reduce labor costs and improve operational efficiency [3] Group 4: Innovation and Development - The company plans to enhance its research and development efforts, particularly in high-level intelligent driving systems, to keep pace with industry advancements [3] - There is a focus on deploying AI models to improve algorithm development efficiency and support product innovation [3] - An employee stock ownership plan is being implemented to motivate core talent and foster a culture of innovation within the organization [3]

董事会提名委员会工作细则 北京四维图新科技股份有限公司 董事会提名委员会工作细则 第三条 提名委员会成员由三名董事组成，独立董事应占多数。 第四条 提名委员会委员由董事长、二分之一以上独立董事或者全体董事的三分之一以 上提名，并由董事会选举产生。 提名委员会设主任委员一名，由独立董事委员担任，负责主持委员会工作；主任委员由 董事长提名，在委员内选举产生，并报董事会备案。 第五条 提名委员会委员任期与同届董事会董事的任期相同，委员任期届满，连选可以 连任。提名委员会委员任期届满前，除非出现《中华人民共和国公司法》、《北京四维图新 科技股份有限公司章程》（以下简称"《公司章程》"）或相关法律、法规、证券交易所规 则规定的不得任职之情形，不得被无故解除委员职务。提名委员会委员任期内不再担任董事 职务的，自动失去提名委员会委员资格。 连续两次未能亲自出席委员会会议，也未能向委员会提交对会议议题的意见报告的委员， 视为未能适当履行职责，公司董事会可以撤销其委员职务。 （2025 年 6 月修订） 第一章 总则 第一条 为规范北京四维图新科技股份有限公司（以下简称"公司"）董事、高级管理人 员的产生，优化董事会组成，完善 ...

独立董事年报工作制度 北京四维图新科技股份有限公司 独立董事年报工作制度 （2025年6月修订） 第一条 为进一步完善北京四维图新科技股份有限公司（以下简称"公司"）治理机制结 构，建立健全内部控制制度，明确独立董事的职责，充分发挥独立董事在年报信息披露工作 中的作用，根据《上市公司独立董事管理办法》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等法律法规以及《北京四维图新科技股份有限公司章程》 （以下简称"《公司章程》"）的有关规定，结合公司年度报告编制和信息披露工作的实际 情况，特制定本制度。 第二条 独立董事应在公司年报编制和披露过程中切实履行独立董事的职责，勤勉尽责， 积极配合公司完成年度报告的编制与披露工作，确保公司年度报告真实、准确、完整，不存 在任何虚假记载或误导性陈述。 第三条 公司应积极为独立董事在年报编制过程中履行职责创造必要的条件，并由董事 会秘书负责协调独立董事与公司管理层的沟通，公司相关人员应积极配合，不得干预独立董 事独立行使职权。 第四条 独立董事应及时听取公司管理层对公司生产经营情况、股权激励和投、融资活 动等重大事项的情况汇报。每一年度公司均应安排独 ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 近日，北京四维图新科技股份有限公司（以下简称"公司"或"四 维图新"）及下属公司武汉四维图新科技有限公司（以下简称"武汉四 维"）、合肥杰发科技有限公司（以下简称"杰发科技"）、北京世纪高 通科技有限公司（以下简称"世纪高通"）获得中国国家知识产权局颁 发的发明专利证书，具体情况如下： 1 | 专利名称 | 专利号 | 专利申请日 | 专利类型 | 专利权人 | 专利简介 | | --- | --- | --- | --- | --- | --- | | 一种应用弱口令核 查方法、主机、控制 | ZL202111158807.4 | 2021-09-30 | 授权发明 | 四维图新 | 本申请公开了一种应用弱口令核查方法、主机、控制端、系统及存 储介质。通过本申请的应用，可以对海量主机并行核查，不依赖外 | | 端、系统及介质 | | | | | 部网络，占用资源少，核查效率高。 | | 车道宽度测量方法、 | ZL202110060850.0 | 2021-01-18 | 授权发明 | 武汉四维 | 本申请实施 ...

证券代码：002405 证券简称：四维图新 公告编号：2025-037 北京四维图新科技股份有限公司 关于公司未弥补亏损达到实收股本 总额三分之一的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、情况概述 北京四维图新科技股份有限公司（以下简称"公司"）根据信永中和 会计师事务所（特殊普通合伙）出具的标准无保留意见的审计报告 （XYZH/2025BJAA7B0376），截至2024年12月31日，公司2024年度合并 财务报表中未分配利润金额为-972,744,761.40元，股本为2,371,817,314.00 元。公司未弥补亏损金额超过股本总额三分之一。根据《公司法》及《公 司章程》的有关规定，公司未弥补的亏损达到股本总额三分之一时，需提 交公司股东大会审议。 二、导致亏损的主要原因 在汽车产业变革浪潮下，智能汽车行业的技术创新步伐明显加快，竞 争也愈发激烈。不仅传统车企加大在智能汽车领域的投入，新兴的科技公 司纷纷涌入市场，推出具有竞争力的产品。为了在市场中占据有利地位， 各大车企纷纷采取降价策略，希望通过价格优势吸引更多消费者。这不仅 加剧 ...