作 者丨尹华禄 编 辑丨曾静娇 近日，证监会披露了国泰海通关于视涯科技股份有限公司（简称"视涯科技"）首次公开发行 股票并上市辅导工作完成的报告。 据披露，2024年10月11日，国泰海通与辅导对象签署了辅导协议，并按照《首次公开发行股 票并上市辅导监管规定》等相关规定及双方约定开展辅导工作。自2024年10月至2025年6月， 辅导机构共开展了两期辅导工作。 值得注意的是， 国泰海通参与此次辅导的工作人员可谓众多，此报告签名人数达33人 。 国泰海通在公告中透露，2025年1月和2025年3月，依照辅导工作的实际情况和工作进度，为 确保辅导质量，分别新增钱岳、毛宇、陈双睿3人和吴志君等22人为辅导工作小组人员。2025 年4月，吴志君、郑元因工作安排调整，不再担任辅导工作小组人员。 截至目前，视涯科技共完成7轮融资，最近一笔是在2023年2月的C轮融资，歌尔股份、源码资 本、鼎泰海富、合肥国鑫资本等为投资方。 胡润研究院发布的《2024全球独角兽榜》显示， 视涯科技估值超百亿元，为合肥新增独角兽 公司之一 。 | | | 都在用的商业查询工具 | 查公司 查老板 | 童关系 查风险 | | | | | -- ...

Group 1 - The core point of the article is the completion of the guidance work for Shiya Technology Co., Ltd.'s initial public offering (IPO) by Guotai Junan Securities [1] - Guotai Junan signed a guidance agreement with Shiya Technology on October 11, 2024, and conducted two phases of guidance work from October 2024 to June 2025 [1] - The guidance team from Guotai Junan included a significant number of personnel, with 33 individuals signing the report and additional members added during the process to ensure quality [2][3] Group 2 - Shiya Technology, established in October 2016, is located in Hefei, Anhui Province, and specializes in the research, manufacturing, and sales of semiconductor devices, micro-displays, and optical components [4][5] - The company has completed seven rounds of financing, with the latest being a C round in February 2023, involving investors such as GoerTek and Source Code Capital [6] - According to the Hurun Research Institute's 2024 Global Unicorn List, Shiya Technology is valued at over 10 billion yuan, making it one of Hefei's new unicorn companies [7]

Core Insights - The "China Unicorn List 2025" has been released, showing that the total valuation of Chinese unicorn companies reaches 8.46 trillion yuan, with six companies from Chengdu listed, including Shuyi Burnt Grass [1] Company Overview - Shuyi Burnt Grass, a representative of the new tea beverage industry, is recognized for its innovative business model and product offerings, reflecting the market's optimism towards the new tea beverage sector [1][5] - The company has expanded from its first store in 2007 to over 5,200 stores in 18 years, focusing on a big product category and optimizing its product structure [2] Market Potential - The Chinese ready-to-drink tea market is expected to exceed 368.9 billion yuan by 2025, driven by consumption upgrades and digital empowerment [1] - Shuyi Burnt Grass has established over 30 cooperative planting bases and a nationwide logistics system, ensuring a standardized and traceable supply chain management [3] Product Innovation - The company has launched various health-oriented products, including the "White Moonlight Fruit Tea" series and "Golden Orange Lemonade," which have received positive feedback on social media [3] - Recent product launches, such as the "Orange Mountain Tea Flower" and "Yangmei" series, have achieved significant sales, with the former selling 1 million cups in 40 hours [3] Recognition and Future Outlook - Being listed as a unicorn is a recognition of Shuyi Burnt Grass's 18 years of industry dedication and its future growth potential [5] - The company's success is attributed to the synergy of product strength, supply chain management, and brand development, positioning it for continued innovation in the beverage market [5]

今天分享的是：2025具身智能产业发展趋势研究及安全威胁分析报告 报告共计：42页 我将结合赛迪研究院在多领域的研究成果，从具身智能、深科技、商业航天、独角兽企业区域发展等方面，对文档核心内容进 行总结。 具身智能产业：现状、挑战与趋势 当前，全球深科技创新呈现良好态势。技术变革在光子学和电子学、生物科技等七大前沿领域不断走向纵深；产业投资上，风 险投资额保持高速增长，中国成为投资增长最快的国家。各国通过出台法案、资金扶持、成立基金会等方式大力支持深科技创 新，如美国成立"美国前沿基金"推动创新。 商业航天产业：发展形势与挑战 中国商业航天虽起步晚，但发展迅速。赛迪智库预测2025年市场规模有望突破2.5万亿，有望在卫星互联网、天基测控等细分领 域实现"换道超车"。在卫星互联网领域，我国规划三个"万星星座"计划，随着低轨宽带卫星互联网星座建设启动，将带动小卫 星及商业发射需求爆发，推动相关制造业扩张。天基测控方面，我国商业天基测运控系统建设进度领先国外，多家企业已为众 多商业卫星提供服务，未来天基测控系统的完善将为商业航天发展提供更可靠保障。 不过，中国商业航天也面临挑战。在液体火箭发动机、可重复使用技术等方 ...

一级市场热门地区主要为： 江苏（106个）、广东（94个）、上海（88个）、浙江（80个）、北京（75 个） 。 阶段分布上：早期（497个）、成长期（107个）、后期（28个）。 以下文章来源于睿兽Pro ，作者Bestla 睿兽Pro . 创业邦旗下横跨一二级市场的科创数据平台。实时投资数据、追踪产业创新。找数据、做分析、链资 源，就上睿兽分析。 2025年4月观察&综述 睿兽分析数据 显示， 2025年04月中国一级市场发生融资事件 632 个 ，比上月增加 24 个 （ 4%） ，比 去年同期减少 221 个 （ 26%） 。已披露融资总额 270.45亿 元人民币，比上月增加 68.23亿 元人民币 （ 34%） ，比去年同期减少 68.15亿 元人民币 （ 20%） 。 2025年04月，热门融资行业主要为： 智能制造（176个）、医疗健康（85个）、人工智能（79个） ，其 中智能制造行业较上月上升较多 （ 21%） 。 2025年04月，全球大额融资事件新增41个，其中中国新增9个。 全球独角兽企业新增5家，其中中国无新 增。 2025年04月，投资活跃的机构主要为： 麓山投资（12个）、工银 ...

Summary of Key Points Core Insights - In April 2025, China's primary market saw 632 financing events, a 4% increase from the previous month but a 26% decrease year-on-year. The total disclosed financing amount reached 27.045 billion RMB, up 34% month-on-month but down 20% year-on-year [2][3]. Financing Events - The top industries for financing events were smart manufacturing (176 events), healthcare (85 events), and artificial intelligence (79 events), with smart manufacturing showing a significant month-on-month increase of 21% [2][5]. - The leading regions for financing events included Jiangsu (106 events), Guangdong (94 events), Shanghai (88 events), Zhejiang (80 events), and Beijing (75 events) [11][13]. - The distribution of financing events by stage showed early-stage investments dominating with 497 events (78.64%), followed by growth stage with 107 events (16.93%) and late stage with 28 events (4.43%) [15]. IPO Activity - In April 2025, 23 Chinese companies completed IPOs, a decrease of 8% from the previous month but an increase of 44% year-on-year. The total amount raised was 10.304 billion RMB, down 43% month-on-month but up 98% year-on-year [29][30]. - The majority of IPOs were in traditional industries (7 companies), followed by consumer (3), smart manufacturing (2), automotive (2), and finance (2) [32]. M&A Activity - There were 15 M&A events in April 2025, a significant decrease of 53% from the previous month and 85% year-on-year. The total disclosed amount was 454 million RMB, down 60% month-on-month and 99% year-on-year [37][38]. - The top industries for M&A events included logistics and warehousing, finance, traditional industries, energy and power, and enterprise services, with finance leading in transaction value at 300 million RMB [38]. Global Financing Trends - Globally, there were 41 new large financing events in April 2025, with China contributing 9 events, accounting for 22% of the total. The disclosed financing amount from China was 13.385 billion RMB, representing 4% of the global total [18]. - No new unicorns were added in China during this month, while globally, 5 new unicorns were reported [23].

以下文章来源于睿兽Pro ，作者Bestla 睿兽Pro . 创业邦旗下横跨一二级市场的科创数据平台。实时投资数据、追踪产业创新。找数据、做分析、链资 源，就上睿兽分析。 新晋独角兽 全球新晋独角兽数量较 2024 年同期有所下降 2025Q1 全球新增 19 家独角兽企业，同比下降 26.9% （ 2024Q1 新晋独角兽 26 家）；环比下 降 13.6% （ 2024Q4 新晋独角兽 22 家）。新晋独角兽平均估值 15.3 亿美元，同比持平（ 2024Q1 平均估值 15.3 亿美元）；环比下降 34.2% （ 2024Q4 平均估值 23.2 亿美元）。 美国新晋独角兽数量领先，领跑全球 202 5 Q1 全球新晋独角兽 企业数量降至 20 家以下，为 19 家 。同比下降 26.9% ，环比下降 13.6% ；中国新晋独角兽 3 家，同比下降 57.1.0% ，环比增加 200.0% 。 人工智能、企业服务、 智能制造 等赛道持续火热。 202 5 Q1 全球新晋独角兽企业主要分布在人工 智能（ 7 家）、企业服务（ 3 家）、 智能制造 （ 2 家）等行业。 中国独角兽青睐港股 IPO 。 20 ...

Group 1: Company Overview - Hu Shang A Yi successfully listed on the Hong Kong Stock Exchange on May 8, with an opening price of 190.6 HKD, significantly above the initial price range of 95.57-113.12 HKD, resulting in a market capitalization of approximately 20 billion HKD [1] - The company has expanded rapidly since its inception, growing from a single store in Shanghai to 9,176 stores nationwide, with a year-on-year increase of 46.8% in store count [6][7] - Hu Shang A Yi's product pricing ranges from 7 to 16 RMB, targeting the mid-range tea drink market and focusing on high cost-performance to capture the vast lower-tier market [7] Group 2: Market Position and Strategy - The company has positioned itself strategically in the lower-tier market, leveraging its experience in store operations and consumer preferences to effectively enter these markets [7] - Hu Shang A Yi has undergone significant brand upgrades, including the introduction of fruit tea products, which have become popular among consumers, leading to a monthly sales volume exceeding 1 million cups in 2021 [6][8] - The tea drink market in China is projected to grow from 4.748 trillion RMB in 2019 to 8.189 trillion RMB by 2024, with a compound annual growth rate (CAGR) of 11.5%, indicating a robust growth environment for Hu Shang A Yi [9] Group 3: Investment and Financial Backing - Prior to its IPO, Hu Shang A Yi attracted significant investment from notable firms such as Jia Yu Capital and Zhi Yi Investment, which have supported its growth through multiple funding rounds since 2020 [1][8] - The company has successfully integrated capital from cornerstone investors, including Yingfeng Holdings and Huabao Co., which also supplies its key product ingredients [1] - The investment community views Hu Shang A Yi as a leading player in the tea drink sector, with strong product innovation and competitive pricing strategies that align with current consumer demands [8][11] Group 4: Competitive Landscape - The current landscape for ready-to-drink tea is competitive, with a notable increase in both new entrants and closures among existing brands, indicating a challenging environment for market players [10] - The number of closures among tea drink brands has risen significantly, with over 20,000 closures reported in 2024, highlighting the intense competition within the sector [10] - As the market matures, brands are increasingly looking to expand internationally, with Hu Shang A Yi opening its first overseas store in Kuala Lumpur, Malaysia, in February 2024 [10]

报告：我国数字经济独角兽企业增长前景广阔 中新网5月1日电 (记者 石睿)在近日召开的第八届数字中国建设峰会数字经济分论坛上，国家数据发展 研究院、中国信息通信研究院联合发布了《数字经济独角兽发展研究报告》(下称《报告》)。 2025年，"独角兽企业"首次被写入《政府工作报告》，其中明确提出"梯度培育创新型企业，促进专精 特新中小企业发展壮大，支持独角兽企业、瞪羚企业发展，让更多企业在新领域新赛道跑出加速度。" 《报告》指出，独角兽企业具备高创新能力和成长潜力，是衡量一个国家和地区创新能力与创新生态的 重要风向标。而独角兽企业当中，数字经济企业占据主导地位，是数字经济创新发展的典型代表和关键 支柱。 国家数据发展研究院院长胡坚波在解读《报告》时提到，数字经济独角兽正在引领技术突破与产业变 革，是推动新质生产力发展的重要引擎。 具体来看，数字经济独角兽凭借高估值集中优质资源，具备持续投入研发能力，可以打破短期回报约 束。人工智能、云计算等数字经济领域的广泛应用驱动创新，独角兽将前沿科技转化为现实生产力，加 速数字经济迭代升级。 此外，数字经济独角兽提供成熟的数字技术解决方案，将大幅降低传统企业转型升级门槛，为传 ...

近期，国内知名创投类节目《预见独角兽》全国海选活动正进行得如火如荼，来自全国各地的创业项目 汇聚一堂，展现出了非凡的创新活力与发展潜力。本次海选吸引了海量创业者踊跃参与，项目涵盖人工 智能、生物医药、新能源、新消费等多个热门领域，竞争异常激烈。经过层层筛选与严格评审，一批极 具潜力的优质项目脱颖而出，成功晋级下一轮，它们将有机会在《预见独角兽》的舞台上大放异彩。 《预见独角兽》是一档由预见独角兽与东方卫视联合打造的创业赋能平台，致力于帮助优秀创业者实现 梦想，挖掘并培育独角兽及潜在独角兽企业，自推出以来便在创业投资领域引发广泛关注。该栏目依托 预见独角兽在创业领域的深厚积累，以及东方卫视强大的媒体影响力，汇聚了行业顶尖的企业家、投资 人、行业专家等丰富资源，为创业者搭建起一个高端且专业的交流平台。 对于创业者而言，登上《预见独角兽》的舞台意味着获得多维度的展示机会。创业者不仅能与业界大咖 面对面交流，获取项目规划、商业模式优化、融资策略等方面的宝贵建议，助力项目快速成长；其创业 项目还将在全国观众面前亮相，吸引潜在合作伙伴与投资人的目光，提升项目知名度与影响力，打开更 广阔的市场空间。更为重要的是，对于具有高 ...