Group 1 - NIO's chip subsidiary, Anhui Shenji Technology Co., Ltd., has completed its first round of equity financing, raising over 2.2 billion RMB, with a post-financing valuation nearing 10 billion RMB [4] - The financing round attracted several industry capital and leading institutions, including Hefei Guotou, Hefei Haiheng, IDG Capital, and others, which will support Shenji's ongoing development and promotion of high-end, competitive chip products [4][5] - Shenji is the first company in China to develop 5nm automotive-grade chips and has achieved large-scale commercialization, with its "Shenji NX9031" chip outperforming competitors in performance [5] Group 2 - Since its production began in 2024, Shenji has shipped over 150,000 units of its chips, which are deployed across NIO's entire vehicle lineup [5] - Following this financing, Shenji plans to launch next-generation high-performance chips for intelligent driving and expand into emerging sectors such as embodied robotics and AGI solutions [5]

Core Insights - NIO's chip subsidiary, Anhui Shenqi Technology Co., Ltd., has completed its first round of equity financing, raising over 2.2 billion RMB, with a post-financing valuation nearing 10 billion RMB [1][2] - The financing round attracted several industry-leading institutions, including Hefei Guotou, Hefei Haiheng, IDG Capital, Zhongxin Juyuan, and Yuanhe Puhua, which will support Shenqi's ongoing development and promotion of high-end, competitive chip products [1][2] Company Developments - Anhui Shenqi is the first company in China to develop 5nm automotive-grade chips and achieve large-scale commercialization [2] - The Shenqi NX9031 chip boasts performance equivalent to four traditional chips, maintaining the top position in the domestic automotive chip market [2] - Since its production began in 2024, over 150,000 units of the NX9031 chip have been shipped, successfully deployed across all NIO vehicle models [2] - Following this financing, Shenqi plans to launch next-generation high-performance chips for smart driving and several other chips for different sectors [2] - The initial orders for Shenqi's products primarily come from NIO, while the company is also actively expanding into emerging businesses such as embodied robotics and agent reasoning, providing comprehensive chip and smart hardware solutions for various clients in the AGI era [2]

神玑 NX9031 是蔚来旗下全球首颗车规 5nm 高性能智驾芯片，拥有超过 500 亿颗晶体管，采用 32 核心 CPU 架构，内置 LPDDR5x 8533Mbps 速率 RAM，可实现"高动态范围高性能 ISP"，拥有 6.5 G Pixel / s 像素处理能力，处理延时小于 5ms。 根据介绍，安徽神玑是国内首家研发 5nm 车规芯片、并首家做到规模化商用的公司，「神玑 NX9031」芯片「一颗抵四颗」的运行性能一直位居国内车载芯片首位。自 2024 年投产以来已累计出货 超 15 万套，成功部署在蔚来品牌的全系车型上。 IT之家从官方介绍内容获悉，本轮融资之后，神玑公司还将推出面向下一代智能驾驶的超强性能芯片以 及多款其他领域的芯片。神玑公司前期订单主要来源于蔚来公司，同时也在积极拓展具身机器人、 Agent 推理等新兴业务，为 AGI 时代的各类客户提供完整的芯片和智能硬件解决方案。 2 月 26 日，今天傍晚，蔚来通过官微宣布：其芯片子公司安徽神玑技术有限公司完成首轮股权融资协 议签署，融资金额超 22 亿元人民币，投后估值近百亿。 蔚来宣布，本轮融资汇集了合肥国投、合肥海恒、IDG 资本、中 ...

钛媒体App 2月26日消息，蔚来宣布芯片子公司安徽神玑技术有限公司完成首轮股权融资协议签署，融 资金额超22亿元人民币，投后估值近百亿。本轮融资汇集了合肥国投、合肥海恒、IDG资本、中芯聚 源、元禾璞华等多家产业资本和行业头部机构。此次融资将有利于神玑公司持续地研发和推广高端、高 竞争力的芯片产品，支撑蔚来在自动驾驶、具身智能等领域的长远布局。（广角观察） ...

Core Viewpoint - NIO's chip subsidiary, Anhui Shenqi Technology Co., Ltd., has completed its first round of equity financing, raising over 2.2 billion RMB, with a post-financing valuation nearing 10 billion RMB [1] Group 1: Financing Details - The financing round attracted several industry capital and leading institutions, including Hefei Guotou, Hefei Haiheng, IDG Capital, and others [1] - The funds raised will support Shenqi's ongoing research and development of high-end, competitive chip products [1] Group 2: Product and Market Position - Anhui Shenqi is the first company in China to develop 5nm automotive-grade chips and achieve large-scale commercialization [1] - The Shenqi NX9031 chip offers performance equivalent to four traditional chips, leading the domestic automotive chip market [1] - Since its production began in 2024, over 150,000 units have been shipped, successfully deployed across NIO's entire vehicle lineup [1] Group 3: Future Developments - Following this financing, Shenqi plans to launch next-generation high-performance chips for smart driving and other applications [1] - The company is actively expanding into emerging businesses such as embodied robotics and agent reasoning, aiming to provide comprehensive chip and intelligent hardware solutions for various clients in the AGI era [1]

转自：智通财经 【蔚来宣布芯片子公司完成首轮股权融资协议签署 融资金额超22亿元人民币】智通财经2月26日电，据 蔚来官微，2月26日，蔚来宣布芯片子公司安徽神玑技术有限公司完成首轮股权融资协议签署，融资金 额超22亿元人民币，投后估值近百亿。本轮融资汇集了合肥国投、合肥海恒、IDG资本、中芯聚源、元 禾璞华等多家产业资本和行业头部机构。此次融资将有利于神玑公司持续地研发和推广高端、高竞争力 的芯片产品，支撑蔚来在自动驾驶、具身智能等领域的长远布局。安徽神玑是国内首家研发5nm车规芯 片、并首家做到规模化商用的公司。「神玑 NX9031」芯片「一颗抵四颗」的运行性能一直位居国内车 载芯片首位。自2024年投产以来已累计出货超15万套，成功部署在蔚来品牌的全系车型上。本轮融资之 后，神玑公司还将推出面向下一代智能驾驶的超强性能芯片以及多款其他领域的芯片。神玑公司前期订 单主要来源于蔚来公司，同时也在积极拓展具身机器人、Agent推理等新兴业务，为AGI时代的各类客 户提供完整的芯片和智能硬件解决方案。 ...

Core Viewpoint - The company reported a significant increase in revenue but a decline in net profit for the fiscal year 2025, indicating challenges in profitability despite growth in sales [1] Financial Performance - The company achieved an operating revenue of 530 million yuan, representing a year-on-year growth of 27.51% [1] - The net profit attributable to the parent company was 62.29 million yuan, showing a year-on-year decrease of 23.27% [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses was 56.59 million yuan, down 21.97% year-on-year [1] - Basic earnings per share were 0.16 yuan, reflecting a decline of 27.27% compared to the previous year [1] Industry Position and Strategy - The company has enhanced its semiconductor testing and analysis capabilities through independent research and development [1] - It has made technological upgrades in advanced processes, high-end specialty processes, and advanced packaging, including nano-probe circuit verification and transmission electron microscopy analysis [1] - The company capitalized on the rapid growth of the downstream semiconductor industry, leveraging advanced technology, sufficient capacity, and quality service to seize opportunities in emerging industries such as artificial intelligence and autonomous driving [1] - The scale of core customer orders has significantly increased, contributing to the rapid growth in revenue [1]

把体验Robotaxi 放进春节任务单里 2月10日的北京亦庄，在春节回家的车流中，Robotaxi仍坚守在岗位上，让来此"尝鲜"的中学生李浩（化名）备感兴奋。这位对汽车、自动驾驶充满好奇的14 岁大男孩趁着假期，特意让母亲带他来体验Robotaxi。"新闻里看到过Robotaxi在北京很多地区运行，早就想来体验了，终于等到妈妈有时间带我来。我觉得无 人出租车真的太酷了，机器真的可以替代人类做很多工作，到底是谁在操控方向盘？背后是靠软件还是硬件？这些问题充满神秘感，太好玩了。在车上还可以和 车辆对话，语音或触屏调节车内空调温度、播放音乐等，真的很有意思。"体验过Robotaxi后，李浩的兴奋溢于言表，急于向朋友分享他的喜悦。 像李浩这样对Robotaxi充满好奇的体验者在北京、上海、武汉、广州等示范区内并不鲜见，尤其是这个春节假期，很多家长带着孩子探索未知，外地游客在游 览城市风景之际，也把体验Robotaxi作为一项重要的行程。 智能汽车正在加速发展。随着L3级自动驾驶牌照的发放，我国高级别自动驾驶汽车的商业化应用开始提速，在北京、上海、武汉、广州等地示范区运营的 Robotaxi也越来越多，成为城市一道亮 ...

Investment Rating - The industry investment rating is "Overweight" (maintained) [1] Core Insights - The report highlights a supply-demand balance coupled with product upgrades, indicating that large-diameter diesel engines are expected to see simultaneous growth in volume and profit [3] - The acquisition of a 50.97% stake in Yubei Steering by Bertley is anticipated to enhance the company's position in the steering system sector, marking a significant step towards the era of steer-by-wire technology [5][7] - The trend towards autonomous driving is creating historical opportunities for steer-by-wire systems, which are expected to become standard in vehicles as the technology matures [8] Summary by Sections Industry Overview - The automotive parts industry is experiencing a significant transformation driven by technological advancements and changing consumer demands [10] Company Analysis - Yubei Steering, established in 1969, is a leading player in the steering system market, achieving revenues of 3.18 billion in 2025 with a net profit of 120 million [6] - Bertley, a leader in braking systems, is expanding its product offerings to include steering systems, with projected revenues of 559 million from steering systems in 2024 [7] Market Trends - The report notes that the shift towards autonomous driving is accelerating the adoption of steer-by-wire systems, which offer advantages such as variable steering ratios and enhanced safety [8] - The report identifies several companies that are well-positioned to benefit from these trends, including Bertley, Asia-Pacific Holdings, and others [9]

Core Viewpoint - The company reported a total operating revenue of 530 million yuan for the fiscal year 2025, representing a year-on-year growth of 27.51%, while net profit decreased by 23.27% to 62.29 million yuan [1] Group 1: Financial Performance - The total operating revenue for 2025 reached 530 million yuan, marking a 27.51% increase compared to the previous year [1] - The net profit for the same period was 62.29 million yuan, which reflects a decline of 23.27% year-on-year [1] Group 2: Technological Advancements - The company has enhanced its semiconductor testing and analysis capabilities through independent research and development [1] - Significant technological upgrades have been achieved in areas such as advanced processes, high-end specialty processes, and advanced packaging [1] Group 3: Market Position and Opportunities - The company is capitalizing on the rapid growth of the downstream semiconductor industry, leveraging its advanced technology, sufficient capacity, and high-quality service [1] - There has been a notable increase in the order scale from core customers, driven by emerging industries such as artificial intelligence and autonomous driving [1]