本次发行股票拟在科创板上市，科创板公司具有研发投入大、经营风险高、业 绩不稳定、退市风险高等特点,投资者面临较大的市场风险。投资者应充分了解 科创板的投资风险及本公司所披露的风险因素，审慎作出投资决定。 易思维（杭州）科技股份有限公司 Isvision（Hangzhou）Technology Co.,Ltd. （浙江省杭州市滨江区江南大道 1088 号） 首次公开发行股票并在科创板上市 招股意向书 （深圳市福田区福田街道福华一路 119 号安信金融大厦） 保荐人（主承销商） 易思维（杭州）科技股份有限公司 招股意向书 重要声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发 行人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表 明其对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保 证。任何与之相反的声明均属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化，由发 行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行 承担股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风 险。 1-1-1 易思维（杭州）科技 ...

Core Viewpoint - Renben Co., Ltd. has applied for a change in its listing status to "inquired" on the Shanghai Stock Exchange, with a fundraising target of 3.8 billion RMB [1] Group 1: Company Overview - Renben Co., Ltd. is the largest and most comprehensive bearing manufacturing group in China, engaged in the R&D, production, and sales of bearings and related products [1][2] - The company operates in over 70 countries and regions, with nine production bases and nearly 20,000 employees, covering the entire industry chain from bearing materials to finished products [1] - Renben's product range includes over 50,000 types of bearings, widely used in key sectors such as automotive, light industry machinery, heavy machinery, and major equipment [1][2] - The company has maintained the highest production and sales volume in the domestic industry for twelve consecutive years since 2013 and is the only Chinese company to enter the global top ten in the bearing industry [1][2] Group 2: Clientele and Market Position - The company serves a wide range of well-known enterprises across various industrial sectors, including major automotive brands like FAW, Dongfeng, and Toyota, as well as leading companies in light industry and heavy machinery [2] - Renben has established partnerships with notable equipment manufacturers such as CRRC and China Railway Equipment, further solidifying its market position [2] - The company has made significant technological advancements in key areas such as rail transportation, wind power generation, and precision machine tools, enhancing its competitiveness in the high-end bearing market [2] Group 3: Financial Performance - For the fiscal years 2022, 2023, and 2024, the company reported revenues of approximately 9.388 billion RMB, 10.482 billion RMB, and 11.960 billion RMB, respectively, with a projected revenue of 6.471 billion RMB for the first half of 2025 [3] - Corresponding net profits for the same periods were approximately 635 million RMB, 701 million RMB, 829 million RMB, and 442 million RMB for the first half of 2025 [3]

Group 1: Company Growth and Market Position - The company has established a strong talent pool with nearly 1,000 R&D team members, primarily from top universities, enhancing its competitive advantage [1] - Continuous high investment in R&D has led to the development of three major platform technologies, including bidirectional charging and GaN applications, with some technologies already converted into competitive products [2] - The company has diversified its customer base, covering major domestic and international automotive manufacturers, which has solidified its market share growth [2] Group 2: Product Applications and Partnerships - The company's vehicle power supply products are compatible with various domestic models, including NIO ES/ET/EC series and Xiaomi SU7/YU7, as well as international models like Renault R5 [3] - Overseas business is a key growth factor, with international revenue accounting for over 17% as of H1 2025, and ongoing collaborations with Renault and Stellantis [4] Group 3: New Business Development - The company is leveraging its expertise in high-voltage power supply to expand into V2G (Vehicle-to-Grid) technology, which allows electric vehicles to both draw from and supply energy back to the grid [5] - The V2G product is expected to play a crucial role in stabilizing and optimizing grid operations, with mass production anticipated in 2026 [5]

Core Viewpoint - The Shenzhen State-Owned Enterprises Shareholder Return Index (970064) closed at 1740.66 points, down 0.25%, with a trading volume of 37.125 billion yuan and a turnover rate of 1.46% [1] Group 1: Index Performance - On the day, 31 constituent stocks rose, with North New Building Materials leading with a 4.99% increase, while 17 stocks fell, with Shanjin International leading the decline at 2.07% [1] - The index's top ten constituent stocks include: - BOE Technology Group (sz000725) with a weight of 9.45%, closing at 4.40 yuan, down 1.35% [1] - Wuliangye Yibin (sz000858) with a weight of 9.34%, closing at 102.76 yuan, down 0.28% [1] - Hikvision (sz002415) with a weight of 7.48%, closing at 32.09 yuan, down 1.56% [1] - XCMG Machinery (sz000425) with a weight of 6.90%, closing at 10.86 yuan, down 1.54% [1] - Weichai Power (sz000338) with a weight of 6.24%, closing at 22.36 yuan, down 0.89% [1] Group 2: Capital Flow - The net outflow of main funds from the index's constituent stocks totaled 872 million yuan, while retail investors saw a net inflow of 1.149 billion yuan [1] - Detailed capital flow for selected stocks includes: - Yuexiu Capital (000987) with a main fund net inflow of 107 million yuan, but retail outflows of 54.4 million yuan [2] - Huazhong Steel (000932) with a main fund net inflow of 85.6 million yuan, but retail outflows of 33.9 million yuan [2] - Yun Aluminum (000807) with a main fund net inflow of 54.8 million yuan, but retail outflows of 68.3 million yuan [2]

每一次技术变革都会引发产业结构调整，搅动区域经济格局。 汽车也不例外。 近日，来自重庆市经济信息委的消息称，2025年重庆汽车产业再攀新高，全年汽车产量达到278.8万 辆，增长9.7%，稳居城市第一位、省市第三位。 这意味着重庆将超过深圳，时隔九年重返"中国汽车第一城"宝座。 2025年6月29日，重庆，一排排新能源汽车整装待发。 城市竞争，不进则退。在新能源汽车国内新车销量占比突破50%以及出口规模持续领跑全球的背景下， 重庆能否守住第一？头部城市间的竞争又将进入怎样的阶段？ 目前，尽管全国其他主要汽车产业城市尚未完全公布2025全年的最终数据，重庆市经济信息委的主 动"官宣"可以看作是一次提前剧透。 重庆市发展和改革委员会党组书记、主任高健接受三里河专访时表示，重庆目前已形成长安汽车、赛力 斯集团两大龙头带动，10多家整车企业布局的整车体系，构建起3大系统、12大总成、56个部件全覆盖 的智能网联新能源汽车零部件产业集群。 在重庆两江新区汽车超级工厂内，机械臂以精确到毫米的动作旋转挥舞，新能源汽车从一块钢板到一台 整车下线，中间只需要4个步骤，耗时不过3分钟。 2025年，重庆新能源汽车产量达到129. ...

从资金流向上来看，当日乘用车板块主力资金净流出15.34亿元，游资资金净流入5.13亿元，散户资金净 流入10.21亿元。乘用车板块个股资金流向见下表： 证券之星消息，1月22日乘用车板块较上一交易日下跌0.74%，赛力斯领跌。当日上证指数报收于 4122.58，上涨0.14%。深证成指报收于14327.05，上涨0.5%。乘用车板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000572 | 出版中集 | 7.14 | 0.71% | 54.24万 | 3.85 Z | | 601238 | 广汽集团 | 8.21 | 0.37% | 21.83万 | · 1.79亿 | | 002594 | 比亚迪 | 94.12 | 0.02% | 29.10万 | 27.42 Z | | 000625 | 长安汽车 | 11.61 | -0.09% | 49.01万 | 5.69亿 | | 601633 | 长城汽车 | 21.50 | -0.46% | 15.87万 | 3.41 ...

Core Insights - Changan Ford's wholesale sales in China for 2025 are reported at 121,500 units, with retail sales at 99,400 units, falling below the critical survival threshold of 100,000 units for automotive companies [1] - The lack of official sales data from both stakeholders, Changan Automobile and Ford, indicates a strategic silence regarding Changan Ford's performance [3] - Changan Ford's struggles are attributed to insufficient competitiveness in traditional fuel vehicles and a slow transition to new energy products, as evidenced by the low sales of its main model, the Mondeo, which sold only 47,000 units last year [3] Sales Performance - Changan Ford's sales peaked in 2016 at 957,000 units but have since declined, with sales dropping below 200,000 units for the first time in 2019 and experiencing fluctuations in subsequent years [3] - In 2024, Changan Ford's sales rebounded to 247,000 units, marking a 5.97% increase [3] Comparison with Ford's US Market - In contrast, Ford's sales in the US grew by 6% last year, reaching 2.2 million units, marking the company's best annual sales since 2019 [4] - Ford's profitability in the US is supported by strong sales of high-margin large pickup trucks and hybrid models, aided by strategic adjustments in response to slowing electric vehicle demand [4] Strategic Adjustments - Ford views the Chinese market as a significant challenge and is accelerating strategic adjustments in 2025, focusing on unified sales channels and emphasizing rugged off-road and new energy products to create an integrated "One Ford" approach in China [4]

Group 1 - The core viewpoint of the articles is the strategic partnership between Changan Automobile and Midea Group, focusing on the development of the "Car Control Home" feature to enhance smart connectivity between vehicles and home devices [1][2] - The "Car Control Home" feature will first be available in Changan's new models, Q05 and A06, allowing users to control home appliances remotely through voice commands, creating a seamless integration of home and vehicle management [1] - Future developments will enable users to utilize the Midea App for "Home Control Car" functionalities, providing real-time vehicle status updates and pre-trip preparations, enhancing the overall user experience [1] Group 2 - The signing of the agreement signifies a deeper collaboration between Changan Automobile and Midea Group in areas such as digitalization, smart manufacturing, green energy, logistics coordination, and public welfare, with a focus on vehicle-home connectivity and marketing strategies [2] - The partnership aims to transition vehicle-home connectivity from "technical collaboration" to "experience implementation," creating a more convenient and comfortable smart living environment for users [2]

Core Viewpoint - Changan Automobile and Midea Group have signed a comprehensive strategic cooperation agreement to deepen collaboration in areas such as vehicle-home connectivity, components, and omnichannel marketing [1] Group 1: Strategic Cooperation - The agreement was signed in Foshan, Guangdong, indicating a significant partnership between the two companies [1] - Both companies aim to enhance the user experience by integrating smart home devices with automotive technology [1] Group 2: Technological Innovations - Changan's "Car Control Home" feature allows users to control home appliances like air conditioning and lighting through voice commands while on the go [1] - This feature will first be available in select models of Changan's Qiyuan series and will be updated via OTA [1] Group 3: Future Developments - The companies are jointly developing "Home Control Car" functionalities to optimize user experience in scenarios like remote vehicle preparation [1] - The collaboration aims to transition vehicle-home connectivity from technical synergy to practical application, creating a smart living environment that integrates people, vehicles, and homes [1]

Group 1: Regulatory Changes - The Ministry of Industry and Information Technology (MIIT) has revised the "Access Review Requirements for Road Motor Vehicle Production Enterprises" and "Access Review Requirements for Road Motor Vehicle Products," effective from January 1, 2027 [1] - The revised "Enterprise Review Requirements" includes 163 articles, maintaining the original framework while enhancing requirements for intelligent and connected capabilities, cybersecurity, data security, and software upgrades [2] - The "Product Review Requirements" have been updated to include safety, environmental, energy-saving, and anti-theft standards, with a focus on reliability testing and the integration of new technologies and materials [2] Group 2: Industry Developments - Hongqi's first solid-state battery prototype has successfully passed extreme heat abuse tests, achieving a high ionic conductivity of over 10 mS/cm [3] - Changan Automobile and Midea Group have signed a comprehensive strategic cooperation agreement to deepen collaboration in digitalization, smart manufacturing, and logistics [4] - Samsung Display will supply three types of car-mounted OLED screens for Zeekr's flagship SUV model, Zeekr 9X, starting in 2024 [5] - Zeekr has established a new sales service company in Taizhou, Zhejiang, with a registered capital of 5 million RMB, focusing on the sale of electric vehicles and related components [6] - Volkswagen Group plans to reduce the number of board members in its core brand group by one-third by summer 2026, aiming to streamline management and achieve cost savings of 1 billion euros by 2030 [7] - Ford is recalling over 119,000 vehicles in the U.S. due to a fire risk associated with engine block heaters, urging affected owners to contact dealers for free inspections [8]