Core Viewpoint - EasiVision (Hangzhou) Technology Co., Ltd. has updated its IPO application on the Shanghai Stock Exchange, aiming to raise 1.214 billion yuan for its machine vision projects, with the actual controller holding 56.13% of the shares [1][2]. Group 1: Company Overview - EasiVision was established in December 2017 and has undergone multiple equity transfers by its actual controller and team shareholders to attract external investors and meet funding needs [2][3]. - The actual controller, Guo Yin, directly holds 12.27% of the shares and indirectly controls additional shares through various entities [1]. Group 2: Financial Performance - For the first half of 2025, EasiVision reported an operating income of approximately 125.25 million yuan, with a net profit attributable to the parent company of -4.85 million yuan [4]. - The company expects to maintain a high profit level for the full year as project executions are completed and revenue is recognized [4]. Group 3: Financial Indicators - Key financial metrics for EasiVision include total assets of 755.61 million yuan and a debt-to-asset ratio of 38.74% as of June 30, 2025 [5]. - The company has experienced fluctuations in net profit, with figures of -629.10 thousand yuan for the first half of 2025 and 8.43 million yuan for the full year of 2024 [10]. Group 4: Government Subsidies and Tax Benefits - EasiVision has received significant government subsidies, totaling 20.61 million yuan, 36.29 million yuan, and 39.14 million yuan over the reporting periods [6]. - The company benefits from a reduced corporate income tax rate of 15% and enjoys tax incentives for R&D expenses, which have significantly impacted net profit [8][9].