这家公司由"汽车界乔布斯"应宜伦创立，2009年跨界进入车联网领域，推出全球首个3G车联网系统（inkaNet）和中文自然语音 交互系统（iVoka），技术实力不容小觑。 不过，博泰车联网的IPO之路并不轻松，看似风光的背后仍面临着亏损、融资依赖、客户集中、供应链风险和技术竞争等压 力。 制图：佘诗婕 "汽车界乔布斯" 星标 ★ IPO日报 精彩文章第一时间推送 近日，车联网行业独立第三方服务商——博泰车联网科技（上海）股份有限公司（下称"博泰车联网"）向港交所发起了冲 击。 早在去年6月，博泰车联网就向港交所递交了上市申请。随着首份招股书的失效，其再次递交了招股书。 随着华为、阿里等巨头纷纷入局车联网，博泰车联网在这场资本局中能否玩得漂亮？ 博泰车联网的成长历程与创始人应宜伦的个人经历密不可分。 应宜伦，又名应臻恺或Ken Ying，生于上世纪七十年代，自2005年起受清华大学等机构邀请，担任多家学府的客座教授，并担 任多媒体行业协会副会长，同时也是中国教育部认可的全职全经理从商的硕士生导师。 在广告界，应宜伦可谓声名显赫，被誉 为安瑞索思中国有限公司（简称"安瑞索思"）的"大老板"、"广告大佬"以及"本土 ...

Sales Performance - In March 2025, BYD sold 377,420 vehicles, representing a year-on-year increase of 24.8% [2] - Overseas sales included 72,407 units of passenger cars and pickups, with the Dynasty and Ocean series contributing 350,615 units, and other models like the Fangchengbao and Tengshi adding 8,051 and 12,620 units respectively [2] Insurance Business - BYD Insurance aims to focus on customer-centric services, leveraging internet thinking and technology to enhance risk protection for new energy vehicles [3] - The mission is to innovate through technology to meet people's aspirations for a better life, positioning itself as a leader in green insurance [3] Super e Platform - The Super e platform features groundbreaking technology, including a flash charging battery and a 1 MW (1000 kW) charging capability, achieving the fastest mass production charging speed of 1 second for 2 kilometers [4] - Performance metrics include a single module single motor power of 580 kW and a top speed exceeding 300 km/h, defining it as the world's strongest professional pure electric platform [4] Charging Infrastructure - The establishment of 4,000 MW flash charging stations across the country is planned, completing the charging ecosystem [5] - Innovative "dual-gun charging" technology allows rapid conversion of charging stations, enhancing user convenience [5] International Expansion - BYD officially entered the Swiss market with a brand launch event on April 1-2, 2025, introducing models like the BYD Seal and BYD Sealion 7 [6] - Plans include opening 15 sales points in Switzerland by the end of the year, in collaboration with local dealers, to accelerate sustainable transportation transformation in Europe [7]

金融界4月9日消息，上证指数低开高走，中证车联网主题指数 (CS车联网，930725)上涨1.38%，报 1167.31点，成交额377.82亿元。 数据统计显示，中证车联网主题指数近一个月下跌18.69%，近三个月下跌2.50%，年至今下跌9.63%。 从中证车联网主题指数持仓样本的行业来看，信息技术占比36.28%、可选消费占比31.79%、工业占比 17.36%、通信服务占比14.58%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 跟踪CS车联网的公募基金包括：鹏华中证车联网主题联接A、鹏华中证车联网主题联接C、鹏华中证车 联网主题ETF。 据了解，中证车联网主题指数将内容与服务提供商、软件提供商、硬件提供商、汽车厂商等相关上市公 司纳入车联网主题，以反映车联网上市公司的整体表现。该指数以201 ...

Core Viewpoint - The company reported a revenue of 16.758 billion yuan for 2024, reflecting a year-on-year increase of 5.35%, while the net profit attributable to shareholders was 405 million yuan, down 4.76% year-on-year [1] Group 1: Financial Performance - The company achieved Q4 revenue of 4.872 billion yuan, a slight increase of 0.34% year-on-year, with a net profit of 142 million yuan, up 16.22% year-on-year [1] - The gross margin for Q4 was 38.13%, showing a quarter-on-quarter increase of 6.29 percentage points [1] Group 2: Product and Market Development - The company made significant breakthroughs in network infrastructure products, particularly in the data center sector, enhancing its innovation capabilities [2] - The AI-FlexiForce intelligent computing center network solution was delivered on a large scale and won the "Annual Influential Solution Award" [2] - The company launched innovative products such as the TH5 switch, 51.2T CPO switch, and leading global 400G/800G LPO optical modules [2] Group 3: AI Applications Expansion - In the field of trusted computing, the company developed the "Shenghua" series machines based on Huawei's Kirin 9000C chip, aiding various sectors in achieving intelligent upgrades [2] - The company received telecom equipment access licenses for multiple AI voice core products, enhancing competitiveness in the operator market and industry private networks [3] - The company made strides in smart medical solutions, which were implemented in national regional medical centers across provinces like Shandong, Shanghai, and Beijing [3] Group 4: Market Outlook and Profit Forecast - The company adjusted its net profit forecasts for 2025 and 2026 downwards by 39% and 42% to 510 million yuan and 622 million yuan, respectively, while introducing a new forecast of 728 million yuan for 2027 [3] - The company maintains a "buy" rating, anticipating growth opportunities from AI intelligent computing center networks and increased demand for white-label switches in data centers driven by operator investments [3]

Core Viewpoint - Chery Automobile, a well-established traditional car manufacturer, is preparing for an IPO in Hong Kong, attracting significant market attention due to its historical success and growth potential [1][3]. Financial Performance - Chery's revenue for the years 2022, 2023, and the first nine months of 2024 reached 92.618 billion, 163.205 billion, and 182.154 billion RMB respectively, with net profits of 5.806 billion, 10.444 billion, and 11.312 billion RMB during the same periods [2][7]. - In 2024, Chery's global sales exceeded 2.6 million units, marking a year-on-year increase of 38.4%, with electric vehicle sales reaching 583,600 units, up 232.7% [4]. IPO Details - Chery has submitted its IPO application to the Hong Kong Stock Exchange, with CICC, Huatai, and GF Securities acting as joint sponsors. The specific number of shares to be issued and the fundraising amount have not been disclosed [2][5]. - The IPO is expected to be one of the largest in the Hong Kong market for car manufacturers in recent years, given Chery's scale [5]. Fundraising Purpose - The funds raised from the IPO will be allocated to five main areas: 1. Research and development of various passenger car models to expand the product portfolio [6][7]. 2. Development of next-generation automotive technologies, including battery technology and autonomous driving algorithms [7]. 3. Expansion into overseas markets to enhance global market share [7]. 4. Upgrading production facilities in Wuhu, Anhui, to improve efficiency and product quality [7]. 5. Supplementing operational funds to support daily operations and future business development [7]. Brand Strategy - Chery employs a multi-brand strategy, with a diverse product matrix that includes both fuel and electric vehicles. The main brands include Chery, Jetour, Exeed, iCAR, and the newly launched Zhijie brand in collaboration with Huawei [3][4].

撰 文 / 洪晗琪 设 计 / 师 超 起亚汽车上一次出圈，是对席卷全行业的"价格战"公开唱反调。 "起亚不打算打价格战"，比起以低价换市场份额，起亚更关心如何在提升工人福利、保证产业链健 康的情况下涨销量。相比简单粗暴的"价格战"，起亚更想打一场由技术创新与产品升级驱动的"价 值战"。 这年3月，起亚中国发布新能源战略，计划在2023年-2027年期间，在中国市场推出6款电动车： EV6 GT、EV5、EV9、入门级SUV、基于新一代电动车专用平台开发的高端电动车、中型SUV。同 年，EV6 GT、EV5分别以进口、国产的方式快速导入国内市场。 市场的确朝着这个方向变化。根据乘联会数据，2024年1-10月，新能源乘用车L2级及以上的辅助驾 驶功能装车率达67.1%。过去一年，支持城区/高速自动驾驶辅助功能的车型，在20万元级市场广泛 中国之行坚定了起亚高层此前的判断：中国汽车市场的消费偏好已经与欧美地区截然不同。前者更 注重智能化、车联网及娱乐系统，后者则倾向于驾驶性能和品质 ——这更符合燃油车的产品开发 逻辑。 当竞争对手们为"流量"各显身手时，起亚更是表现佛系，发布会不对标"别人家的孩子"、不造概 念 ...

嗷 创业板投资风险提示：本次发行股票拟在创业板上市，创业板公司具有创新投入大、新旧产业融合存在 不确定性、尚处于成长期、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。 慧翰微电子股份有限公司 Flaircomm Microelectronics, Inc. （福建省福州市马尾区江滨东大道116号综合楼1#7楼） 首次公开发行股票并在创业板上市 招股说明书 声明：本公司的发行申请尚需经深圳证券交易所和中国证监会履行相应程序。本招股说明书不具有据以 发行股票的法律效力，仅供预先披露之用。投资者应当以正式公告的招股说明书作为作出投资决定的依 慧翰微电子股份有限公司 招股说明书（申报稿） 重要声明 保荐人（主承销商） （申报稿） 广东省广州市黄埔区中新广州知识城腾飞一街 2 号 618 室 投资者应充分了解创业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。 据。 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 ...

创业板投资风险提示：本次发行股票拟在创业板上市，创业板公司具有创新投入大、新旧产业融合存在 不确定性、尚处于成长期、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。 投资者应充分了解创业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。 慧翰微电子股份有限公司 Flaircomm Microelectronics, Inc. （福建省福州市马尾区江滨东大道116号综合楼1#7楼） 首次公开发行股票并在创业板上市 招股说明书 （申报稿） 声明：本公司的发行申请尚需经深圳证券交易所和中国证监会履行相应程序。本招股说明书不具有据以 发行股票的法律效力，仅供预先披露之用。投资者应当以正式公告的招股说明书作为作出投资决定的依 据。 保荐人（主承销商） 广东省广州市黄埔区中新广州知识城腾飞一街 2 号 618 室 慧翰微电子股份有限公司 招股说明书（申报稿） 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 ...

创业板投资风险提示：本次股票发行后拟在创业板市场上市，该市场具有较高的投资风险。创业板公司 具有创新投入大、新旧产业融合成功与否存在不确定性、尚处于成长期、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。投资者应充分了解创业板市场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。 慧翰微电子股份有限公司 Flaircomm Microelectronics, Inc. （福建省福州市马尾区江滨东大道116号综合楼1#7楼） 首次公开发行股票并在创业板上市 招股说明书 （申报稿） 发行股票的法律效力，仅供预先披露之用。投资者应当以正式公告的招股说明书作为作出投资决定的依 据。 广东省广州市黄埔区中新广州知识城腾飞一街 2 号 618 室 保荐人（主承销商） 声明：本公司的发行申请尚需经深圳证券交易所和中国证监会履行相应程序。本招股说明书不具有据以 慧翰微电子股份有限公司 招股说明书（申报稿） 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 ...