【集邦Display整理】 6月11日，天山电子 发布公告，宣布 董事会审议通过了《关于使用剩余超 募资金投资建设新项目的议案》，同意公司将截至本公告披露日尚未使用的全部首次公开发行股票 超募资金（含利息、现金管理收益等）合计约18,843.00万元用于 建设 天山电子檀圩园区车载液 晶显示模组生产线项目和天山电子檀圩园区综合能力提升项目 。 此外，天山电子还将投入 自有资金3,822.11万元，用于 天山电子檀圩园区综合能力提升项目。以 上项目累计金额约为2.27亿元。 天山电子表示，鉴于全球车载显示市场需求爆发、公司车载类订单量快速增长以及公司生产基地内 部规划调整和优化产能配置，现有产能已无法满足比亚迪等头部客户大规模交付需求，且仓储空间 紧张、产线柔性化不足等问题制约发展。 超募资金投资新项目可通过新建智能化产线与仓储设施，实现突破产能瓶颈，承接战略客户订单并 缩短交货周期，匹配新能源汽车智能化浪潮下的车载电子需求。 车载液晶显示模组生产线项目 公告显示，天山电子檀圩园区车载液晶显示模组生产线项目，计划投资总额为11,578.02万元，拟 使用超募资金11,578.02万元。 项目建设期为1年，项目通 ...

（原标题：瑞声科技收购初光，切入智能座舱"听觉中枢"） 值得注意的是，这笔交易的逻辑并非简单的产品延展，而是一次能力体系的迁移实验。在"消费电子 +汽车电子"双轮驱动的结构下，瑞声试图将自己在消费电子时代所形成的规模化制造、微型模组集 成、与全球品牌客户协同研发的全链条能力，迁移到智能汽车这个生命周期更长、反应更慢、标准更严 的产业中。如果验证成功，它所代表的就是一种跨产业的复制能力，而非纯粹的多元化业务探索。 这类能力的形成，对当前中国汽车产业具有明确的现实意义。一方面，声学领域作为传统汽车中价值占 比最低的模块之一，过去很少被整车厂战略性定义。但在智能化语音交互成为主流后，声音感知能力开 始变成产品体验的差异化来源。另一方面，车载声学的关键技术与供应链体系仍高度依赖海外，核心市 场长期被外企主导。这使得以瑞声为代表的本土企业若能成功完成闭环能力构建，可能成为率先打破技 术依赖的"试点样本"。 交易完成后，瑞声科技将与初光汽车在声学系统开发、整车适配、国际市场拓展等多个维度展开深入协 同。据了解，瑞声正计划基于初光现有平台，进一步开发车规级新品类，并在声学模组集成方案中引入 自身在算法调优上的能力，逐步向主 ...

Core Viewpoint - Apple has launched a redesigned version of CarPlay and introduced a simplified Camera UI, indicating a focus on enhancing user experience and interface design [1] Group 1 - The redesigned CarPlay aims to provide a more integrated and user-friendly experience for drivers [1] - The new Camera UI is designed to streamline the camera interface, making it easier for users to access features [1]

点 击 蓝 字 关 注 我 们 本文全文共 4218 字，阅读全文约需 14 分钟 目录 国内新闻 1.商务部回应汽车行业"内卷式"竞争:加强综合整治与合规引导 2.深圳特区报:通过以旧换新带动汽车销售6.04万台 3.特斯拉首次参与"新能源汽车下乡"计划 4.OPPO宣布与大众汽车集团签署全球专利许可协议 5.长安汽车业务分立为一家独立央企 暂不与东风合并 6.阿维塔官宣2026年将推百万级大六座旗舰SUV新车 7.国投招商投资景略半导体 加速车载芯片国产替代 8.广汽/长安入股 辰致科技完成工商变更 国外新闻 1.英国5月新车注册量150070辆 2.宝马加速推出新一代X5、X6、X7 3.特斯拉新一代AI芯片Dojo 2年内发布 4.日本不再要求美国全面取消汽车关税 提出减税计划 商用车 1. 全球化新能源VAN 创维鸿途首台OTS车成功下线 2. 金旅凯歌豪华客车正式交付 3. 山东重工集团与中国光大银行签署战略合作协议 4. 四川遂宁支持新能源快递车辆生产应用 国内新闻 1 商务部回应汽车行业"内卷式"竞争:加强综合整治与合规引导 时间:2025.6.6 来源:财联社 6月5日，商务部举行例行新闻发 ...

证券代码：000050 证券简称：深天马 A 天马微电子股份有限公司 投资者关系活动记录表 编号：2025-008 投资者关系活动类别 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与人员单位及姓名 上市公司参与人员：陈丹 外部参与人员：UG Investment Advisers 时间 2025 年 6 月 5 日（周四）13：30-14：30 地点 天马总部大厦 16 层会议室 形式 现场调研 交流内容及具体问答记录 1、公司车载业务表现不错，请介绍发展情况及规划。 答：公司将车载显示作为战略核心业务之一，凭借在车载显示领域 30 年的深耕细作，拥有了从车载研发、制造、质量、营销、供应链管理等各方 面的专业团队，打造了具有强竞争实力的车载专业体系能力。公司是国内最 早进入全球车载显示领域的领军企业之一，产品基本实现中系、欧系、美系、 日韩系等国际主流品牌全覆盖，并多年获得客户奖项认可。自 2020 年起， 公司连续 5 年保持全球车规 TFT-LCD、车载仪表显示出货量全球第一，车载 抬头显示（HUD）在 2024 年首次登顶全球第一，支持国内外多款 ...

Core Viewpoint - The car radio market in China is experiencing significant growth driven by advancements in automotive technology and increasing consumer demand for enhanced audio and information services in vehicles [1][7][9]. Industry Overview - Car radios are essential components of vehicle entertainment systems, required in both traditional fuel vehicles and new energy vehicles [1][7]. - China is the largest automotive market globally, providing vast opportunities for the car radio market [1][7]. - The production capacity of car radios in China is projected to reach 39.025 million units in 2024, with an output of 33.7255 million units and a market demand of 31.691 million units, resulting in a market size of 18.897 billion yuan [1][9]. Market Demand and Supply - The demand for car radios is expected to grow, with 32.3776 million units anticipated in 2025, leading to a market size of approximately 19.63 billion yuan [1][9]. - The market share of digital car radios is increasing, with digital radios expected to account for 90.78% of the demand by 2025 [7][9]. Industry Standards - The first national standard for wireless digital audio broadcasting in China will be implemented in April 2024, defining the functionality and performance metrics for digital audio broadcasting receivers [2][6]. Competitive Landscape - Major companies in the car radio industry include Shanghai Wangli Electronics, Shenzhen Dejin Electronics, Wuhu Hongjing Electronics, and Shenzhen Risheng Digital Technology [2][14]. - Domestic brands are gaining market share due to their understanding of local market dynamics and rapid response capabilities, while international brands maintain a strong presence in the high-end market [13][14]. Industry Trends - The car radio industry is undergoing a transformation from hardware functionality to software services, driven by the increasing demand for integrated entertainment and information systems in vehicles [21]. - The integration of advanced features such as multimedia playback, Bluetooth connectivity, navigation, and voice recognition is becoming standard in car radios [9][21].

1.【特斯拉英国新车销量5月同比下降45.8%】6月4日消息，数据显示，英国五月新车注册量同比增 长4.3%，达到144,098辆；特斯拉在英国的新车销售在五月份同比下降45.8%，至1,758辆。（财联 社） 2.【小鹏、华为预告战略合作，新车或将搭载华为HUD解决方案】6月4日，华为乾崑智能汽车解决方 案与小鹏汽车官方微博共同发布了一张海报，双方均@对方，预示着双方将有新的合作。关于合作的 具体方式和内容，小鹏汽车和华为乾崑方面未做进一步说明。但从预告海报来看，图上标有HUAWEI XHUD字样及HUD画面，或预示着小鹏汽车将采用华为AR-HUD抬头显示技术。对于车载显示技术， 中金公司研报称，随着智能化的逐步下沉，车载显示技术作为智能座舱人机交互的核心组成部分，迎 来快速技术迭代与规模化应用。其中，HUD产品渗透率持续提升。（新华财经） 3.【深蓝汽车隐私条例新增用户数据采集？ 回应：不实】近日有网友称，在深蓝汽车被曝向车主们的 车机投放广告并致歉后，深蓝汽车对用户隐私条例进行了更新，主要新增了用户数据采集，而如果用 户不同意更新，则只能以游客身份访问App。有网友表示，"这是要强行让大家同意看广告？" ...

Core Viewpoint - Weishi Electronics has restarted its fundraising plan for vehicle display components after terminating its previous convertible bond issuance, focusing on technological upgrades in its new projects [1][2][3]. Group 1: Fundraising and Project Details - The company plans to raise up to 480 million yuan through a private placement to fund the "lightweight vehicle new display component project" and to supplement working capital [2]. - The new project aims to increase production capacity by 4.33 million lightweight structural components and 1.85 million new vehicle backlight display modules [2]. - The products planned for this fundraising project are already in mass production and closely related to the company's main business of backlight display modules [2][4]. Group 2: Previous Convertible Bond Issuance - The company had previously attempted to issue convertible bonds but withdrew the application in April 2024 due to changes in the macro environment and adjustments in capital operation planning [3]. - The initial application for the convertible bonds was submitted in 2023 but faced multiple inquiries from the Shanghai Stock Exchange regarding project delays and feasibility [3][4]. Group 3: Project Delays and Reasons - The previous fundraising project, which included the expansion of backlight display modules, has faced multiple delays, with completion now expected by October 2025 [4][5]. - The delays were attributed to the need for additional space and equipment to accommodate larger display sizes, which required the acquisition of new land and construction of facilities [5]. - As of April 2025, the project has signed procurement contracts totaling 341 million yuan, with 77.85% of the raised funds already utilized [6].

Core Viewpoint - Jiangsu Zejing Automotive Electronics Co., Ltd. (Zejing Technology), a leading Chinese HUD manufacturer valued at 2.585 billion RMB, has submitted its IPO application to the Hong Kong Stock Exchange, highlighting the growing demand for HUD solutions in the smart automotive sector [1][30]. Group 1: Company Overview - Zejing Technology has captured approximately 16.2% of the domestic HUD market, ranking second among solution providers [1][15]. - The company has established partnerships with major automotive manufacturers in China, including NIO, Li Auto, Xiaomi, BYD, Chery, Geely, FAW, GAC, BAIC, and Changan [1][12]. - Founded in 2015 by two brothers, Zejing Technology has rapidly grown to become a key player in the HUD industry, leveraging their extensive experience in automotive electronics [24][26]. Group 2: Product and Technology - The primary products offered by Zejing Technology include W-HUD (Windshield HUD) and AR-HUD (Augmented Reality HUD), with the latter being the latest generation of HUD solutions [4][6]. - The company’s HUD solutions are designed to enhance driving safety and convenience by projecting critical information directly into the driver's line of sight [2][6]. - Zejing Technology's CyberLens and CyberVision products have been integrated into various vehicle models, showcasing their adaptability and technological advancements [8][10]. Group 3: Financial Performance - From 2022 to 2024, Zejing Technology's HUD solution sales are projected to grow from 175,700 units to 624,600 units, reflecting a significant increase in demand [13]. - The company's total revenue is expected to rise from 214 million RMB in 2022 to 578 million RMB in 2024, with a compound annual growth rate of 64.3% [15]. - The gross profit margin has improved from 22.6% in 2022 to 27.3% in 2024, driven by effective cost control and increased operational efficiency [20][18]. Group 4: Market Trends - The global automotive HUD market, particularly in China, is experiencing rapid growth, with the market size expected to increase from 1 million units in 2020 to 3.9 million units by 2024, representing a compound annual growth rate of 41.2% [31][32]. - Domestic manufacturers have significantly increased their market share from 16.7% in 2020 to 79.2% in 2024, indicating a shift in the competitive landscape [36]. - The top five suppliers in the Chinese HUD market collectively hold a 66.5% market share, with four of them being domestic companies [37].

新华财经北京5月29日电（罗浩）沪深两市三大股指29日早间普遍小幅高开，各股指早盘期间均呈震荡 上扬态势，至午间收盘时均显著上涨。 机构观点 华西证券：整体来看，小微盘品种继续走强，中证2000拥挤度再创新高。同时，小微盘行情企稳回升， 也让市场隐含波动率继续处于低位，指数层面暂未出现明显的参与机会。值得注意的是，小微盘拥挤度 较高，继续走强或许需要更强的逻辑支撑；而如果面对利空因素扰动，则可能成为释放调整风险的窗 口。在后一种情况下，指数级别的参与机会或与调整幅度相关。其中科技股或将来到更低的价格水平， 随着科技叙事的持续演绎，相关品种在利好因素的催化下，更容易迎来超跌反弹。 中金公司：汽车智能化逐步下沉，车载显示技术作为智能座舱人机交互的核心组成部分，迎来快速技术 迭代与规模化应用。其中，HUD（仰视显示器）产品渗透率持续提升，厂商把握行业发展机遇，逐步 提升市占率。虚拟全景显示作为车载显示领域的又一重要技术创新，随着小米YU7天际屏全景显示系统 发布，有望加速落地。看好兼具显示屏、HUD等综合车载显示能力的供应商。 国元证券：白酒方面，去库存、稳渠道、促消费是白酒行业主线，当前主要酒企渠道库存已降至合理 ...