瑞立科密的经营表现与商用车行业周期深度绑定，业绩波动风险显著。2022年，受商用车销量同比下跌 31%影响，公司归母净利润从上一年的1.97亿元腰斩至9696万元，核心产品气压电控制动系统收入缩水 30%。尽管2023年行业回暖推动净利润反弹至2.69亿元，但2024年上半年扣非净利润再度同比下滑 4.52%。此外，公司应收账款占营收比例长期超过70%，2023年末余额达5.66亿元，前五大客户集中度 近30%，若一汽解放、中国重汽等头部客户订单波动，资金链压力将进一步加剧。新能源转型的滞后更 令市场担忧——液压电控系统（适配新能源车）收入占比不足20%，毛利率仅10.85%，显著低于行业均 值（19.43%）。 关联交易的复杂网络成为瑞立科密IPO进程中的另一大争议点。控股股东瑞立集团既是公司第一大客户 （2021年关联销售占比27.8%），也是关键供应商（采购占比12.75%），且同类产品向瑞立集团销售单 价普遍低于第三方客户5%-10%，引发虚增营收的质疑。IPO前夕，公司以9.38亿元收购瑞立集团旗下四 家企业，其中温州汽科评估增值率高达152%，但标的公司2023年净利润亏损213万元，资产质量与估 ...

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Monetary Policy - The People's Bank of China announced a 0.5 percentage point reduction in the reserve requirement ratio for financial institutions, effective from May 15 [2] - The reserve requirement ratio for auto finance companies and financial leasing companies will be reduced by 5 percentage points [2] Industry Events - The 20th "China Optics Valley" International Optoelectronic Exposition will be held from May 15 to 17, focusing on optoelectronic technology and emerging fields such as AI and smart manufacturing [3] - Multiple industry events, including the 2025 World Digital Education Conference and the 17th China International Battery Technology Exchange Conference, will take place next week [3] E-commerce Promotions - Major e-commerce platforms like Tmall and Suning will kick off their 618 pre-sale activities on May 13, with JD.com also launching its promotional season [4] Stock Market Updates - The Hang Seng Index Company will announce the results of its first-quarter index review on May 16, with changes effective from June 9 [5] - Over 180 billion yuan worth of restricted shares will be unlocked next week, with a peak on May 12 when 15 companies will have a total unlock value of 144.69 billion yuan [7] Earnings Reports - Major internet companies including Alibaba, Tencent, JD.com, and NetEase will release their earnings reports next week, with JD.com reporting on May 13 and Alibaba on May 15 [6] New Stock Listing - Tian Gong Co., Ltd. will be listed on the Beijing Stock Exchange on May 13, focusing on the research, production, and sales of titanium and titanium alloy materials [10]

Core Viewpoint - The 20th "China Optics Valley" International Optoelectronic Exposition will take place from May 15 to 17, showcasing cutting-edge innovations in the optoelectronic field and emphasizing the integration of optoelectronics with AI and other emerging sectors [1][2]. Group 1: Event Overview - The exposition will be held at the China Optics Valley Science and Technology Exhibition Center, covering an exhibition area of approximately 25,000 square meters, with participation from 390 companies across 12 countries and regions [1]. - The event will feature 24 academicians, over 40 international experts, and more than 230 renowned entrepreneurs, highlighting nearly 100 innovative technological achievements in the global optoelectronic sector [1]. Group 2: Focus Areas - This year's exposition will emphasize the integration of optoelectronics with AI, low-altitude economy, smart vehicles, and intelligent manufacturing, expanding beyond traditional laser optics and optical communication [2]. - A new exhibition area will showcase unmanned control equipment in various environments, demonstrating the application of optoelectronic technology in cutting-edge fields [2]. Group 3: Industry Growth - Wuhan's optoelectronic information industry is projected to reach a scale of 756.6 billion yuan in 2024, reflecting a year-on-year growth of 11.7% [3]. - The city aims to support leading companies in establishing innovation laboratories and to accelerate the development of a world-class optoelectronic information industry cluster, targeting a scale exceeding one trillion yuan [3].

如果您希望可以时常见面，欢迎标星收藏哦~ 当谈及汽车智能化，许多人首先联想到的是摄像头、雷达和感知系统。然而，在这些显性硬件之 下 ， 一 条 关 键 的 " 隐 形 纽 带 " 正 悄 然 重 塑 整 个 智 能 驾 驶 的 连 接 架 构 —— 这 条 纽 带 ， 便 是 MIPI A- PHY。作为这一标准的先驱者与推动者，来自以色列的Valens不仅引领行业前沿，更在默默拓展 整个技术赛道的边界。 Valens成立于2006年，专注于为影音和汽车行业提供长距离高速视频与数据传输解决方案。而 MIPI 联 盟 发 布 的 MIPI A-PHY 标 准 则 是 专 为 汽 车 行 业 需 求 量 身 打 造 ， 主 要 支 持 高 级 辅 助 驾 驶 (ADAS)、自动驾驶系统、车载信息娱乐(IVI)显示器以及摄像头、激光雷达、雷达等多种传感器应 用。 目前，汽车行业正经历着爆发式的带宽需求增长，随着传感器数量的急剧增加及车载数据处理量的 持 续 上 升 ， 连 接 性 的 重 要 性 日 益 凸 显 。 Valens Semiconductor 汽 车 业 务 主 管 Adar Segal 指 出："摄 ...

江苏协和电子股份有限公司 为保障江苏协和电子股份有限公司（以下简称"公司"）全体股东的合法权 益，维护股东大会的正常秩序，保证股东大会的议事效率，确保本次股东大会如 期、顺利召开，根据《中华人民共和国公司法》、 江苏协和电子股份有限公司 股票代码： SH605258 江苏协和电子股份有限公司 会议资料 二零二五年五月 江苏协和电子股份有限公司 股票代码： SH605258 江苏协和电子股份有限公司 股票代码： SH605258 《江苏协和电子股份有限公司章 程》、 《江苏协和电子股份有限公司股东大会议事规则》及中国证监会、上海证券 交易所的有关规定，特制定本须知。 一、股东大会设会务组，由公司董事会秘书负责会议的程序安排和会务工作。 二、为保证股东大会的严肃性和正常秩序，切实维护与会股东及股东代理人 的合法权益，除出席会议的股东及股东代理人、公司董事、监事、高级管理人员、 见证律师及董事会邀请的人员外，公司有权依法拒绝其他人员进入会场。 三、出席现场会议的股东及股东代理人须在会议召开前半小时到达会议现场 办理签到手续，并请按规定出示证券账户卡、身份证明文件或营业执照/注册证 书复印件（加盖公章）、授权委托书以 ...

点 击 蓝 字 关 注 我 们 本文全文共 3497 字，阅读全文约需 11 分钟 目录 国内新闻 4.上汽通用五菱固态电池预计2027年上车 5.科大讯飞与奇瑞汽车成立合资公司 6.宁德时代发布9MWh超大容量储能系统TENER Stack 7.百度Apollo与神州租车将联合推出自动驾驶汽车租赁服务 8.乐车汽车超市蓉城启幕 三重业态重构汽车零售模式 国外新闻 1.英国和美国就关税贸易协议条款达成一致 2.韩国4月新注册进口汽车数量为21495辆 1.工信部拟立新规强化新能源汽车车门把手安全标准 2.2024年消费品以旧换新销售额超1.3万亿元 3.极氪能源与广汽能源达成双向互联互通合作 3.三菱汽车计划于2026年在美国和加拿大推出电动跨界车 4.奔驰将在阿拉巴马州生产一款"核心车型" 商用车 1. DeepWay深向重卡新品发布 2. 云南加力扩围交通运输大规模设备更新 3. 江西河北两省发布货车报废补贴通知 4. 新亚科技中国总部落户上海临港 国内新闻 1 工信部拟立新规强化新能源汽车车门把手安全标准 时间:2025.5.9 来源: 第一电动 5月8日消息，工信部官网获悉，公开征集对《汽车车门把手安 ...

打出三张"国际牌"，助力我国在全球创新链中占据更高地位。 5月15日至17日，第二十届"中国光谷"国际光电子博览会（下称"光博会"）将在武汉举行。第一财经记 者从湖北省政府专题新闻发布会上获悉，本届光博会首次与联合国教科文组织"国际光日"组委会达成合 作，被纳入国际光日全球系列活动，全球朋友圈得以进一步扩容。 武汉光电子信息产业也随光博会发展，正加速迈向万亿级。武汉市人民政府副秘书长姚晴介绍，2024年 全市光电子信息产业（含软件）规模7566亿元，同比增长11.7%。其中电子信息制造业产值4045亿元， 同比增长8%，增速位居工业各行业首位；软件业务收入3521亿元，同比增长16.7%。今年1～3月，全市 光电子信息产业规模1695亿元，同比增长11%。 作为武汉光电子信息产业主战场，武汉东湖高新区将在本届光博会上打出三张"国际牌"，助力我国在全 球创新链中占据更高地位。 据悉，本届光博会紧扣"光电+AI"融合趋势，聚焦光电子技术与人工智能、低空经济、智能汽车、智能 制造等新兴领域，在以往激光光学和光通信的基础上持续加码，并在外场首次设置"空天地海"无人驾控 装备实景场，以"光+无人驾控装备""光+机器人" ...

Core Viewpoint - The automotive industry is witnessing a resurgence of physical buttons in vehicle designs, indicating that manufacturers are beginning to listen to consumer feedback regarding usability and safety concerns associated with touchscreens [1][20][22]. Group 1: Industry Trends - The trend of replacing physical buttons with touchscreens has been prevalent, with manufacturers emphasizing digital cockpit designs and larger screens, which have increased from 12 inches to 17 inches [1][20]. - Major automakers, including Volkswagen, Porsche, and Hyundai, are now reintroducing physical buttons, acknowledging that the previous reliance on touchscreens was a significant mistake [1][20][22]. - The 2023 Shanghai Auto Show highlighted this shift, with various companies announcing their commitment to integrating physical controls back into their vehicles [1][20][22]. Group 2: Consumer Feedback and Safety Concerns - Consumers have consistently criticized the safety and practicality of touchscreen controls, with reports indicating that operations can take an average of 22 seconds and have high error rates [3][19]. - A study by the UK Transport Research Laboratory found that using touchscreen systems can increase driver reaction times by 53% to 57%, significantly more than the effects of driving under the influence [16][19]. - The National Highway Traffic Safety Administration (NHTSA) reported that 18.7% of distraction-related accidents were linked to touchscreen operations, emphasizing the need for physical controls [19]. Group 3: Cost and Design Considerations - The shift towards touchscreens was partly driven by cost reduction strategies, as integrating functions into a single touchscreen can lower manufacturing costs compared to traditional button designs [8][7]. - However, the perceived high-tech appeal of large screens often masks the underlying cost-saving motives, with screens being procured for as low as $50 [8][7]. - The automotive industry is now recognizing that a balance between physical buttons and touchscreens is essential for optimal user experience and safety [24][22].

Group 1 - Xiaomi Auto responded to the controversy regarding the SU7 Ultra vehicle update, acknowledging insufficient user consultation and communication regarding the unlocking conditions for maximum horsepower, which was limited to 900 horsepower unless certain track performance criteria were met [1] - The company has paused the update rollout and plans to fix the issues for upgraded users within 4 to 8 weeks, indicating a commitment to user feedback and product management improvement [1] Group 2 - Changan Automobile issued a statement refuting false information circulated by social media accounts claiming that it was merging with Dongfeng Group, emphasizing the damage to its brand image and the need for legal action against the spreaders of misinformation [2] - This response highlights the importance of brand protection in the automotive industry and the need for enhanced measures to maintain transparency and trust [2] Group 3 - Nezha Auto has reached a repayment agreement with its supplier, Aifute, to pay approximately 81.92 million yuan monthly from June to November, totaling about 4915.09 million yuan, which may alleviate its debt pressure [3] - This development suggests an improvement in Nezha Auto's financial situation and could stabilize its supply chain [3] Group 4 - A joint venture named Anhui Qisheng Technology Co., Ltd. has been established between iFlytek and Chery Automobile, focusing on smart audio systems and user experience innovation for Chery's vehicle lineup [3] - This partnership signifies a deepening collaboration in the smart automotive sector, particularly in acoustic technology [3] Group 5 - Li Auto-W made its return to the Hong Kong Stock Connect active stock list after nearly a month, with a trading volume of 2.102 billion HKD and a closing increase of 4.96%, despite a net outflow of 1.34 billion HKD [4] - The significant trading activity indicates heightened market attention on Li Auto amid broader capital outflows in the sector [4]