易思维科创板IPO：打破国际垄断，国产机器视觉“驶”入新赛道

Core Viewpoint - The upcoming IPO of Easy Vision (Hangzhou) Technology Co., Ltd. on the Sci-Tech Innovation Board reflects the expectations for a new star in the capital market and highlights the progress of China's high-end manufacturing industry in terms of independent innovation and high-quality development [1][8] Group 1: Market Position and Demand - The Chinese automotive manufacturing industry has a high demand for precise and efficient machine vision systems, traditionally dominated by international giants [2] - Easy Vision has emerged as a leader in the machine vision sector for automotive manufacturing, achieving a market share of 13.7% in the automotive manufacturing sector and 22.5% in the complete vehicle manufacturing sector in 2024, surpassing international competitors [2] Group 2: Technological Foundation - Easy Vision has a strong research and development foundation, with a team of 251 members, accounting for 45.89% of total employees, and nearly 90% holding bachelor's degrees or higher [3] - The company has invested over 300 million yuan in R&D, resulting in 22 core technology modules and holding 119 software copyrights and 387 domestic and international patents [3] Group 3: Industry Capabilities - Easy Vision integrates various disciplines such as imaging, algorithms, software, and sensors, positioning itself as a preferred supplier for numerous automotive manufacturers [4] - The company has achieved systematic application of its products across six major automotive manufacturing processes, including stamping and assembly [4] Group 4: International Expansion and New Markets - Easy Vision's products have been exported to global factories of companies like Volvo and Rivian, and it has entered the overseas production bases of domestic leaders like BYD and Chery [5] - The company is expanding into new markets such as rail transit and aviation, with successful product implementations in various urban transit systems [5] Group 5: Financial Performance - Easy Vision has experienced significant revenue growth, with annual revenues of 223 million yuan, 355 million yuan, and 392 million yuan over the past three years, reflecting a compound annual growth rate of 32.59% [6] - The net profit has also shown remarkable growth, with figures of 5.39 million yuan, 57.75 million yuan, and 84.43 million yuan, achieving a compound annual growth rate of 295.66% [6] Group 6: Policy Environment and Future Outlook - Recent government policies have favored strategic emerging industries and digital transformation, providing a supportive environment for machine vision as a core component of smart manufacturing [7] - Easy Vision is positioned to lead the transition from domestic substitution to industry leadership, enhancing the competitiveness of China's automotive supply chain [7] - The upcoming IPO is expected to inject significant capital for innovation, further strengthening the company's international competitiveness and technological independence [7][8]