文/梧桐晓编 4月27日，北交所新受理2家江苏公司的IPO申请：江苏永大化工机械股份有限公司（874495）、常州通宝光电股份有限公司（833137）的IPO申请。北交所今年至 今共受理7家IPO申请。 | 序号 | | 简称 | 注册地 | 保荐机构 | 律师事务所 | 会计师事务所 | 更新日期 受理日期 | | --- | --- | --- | --- | --- | --- | --- | --- | | 874495 | | 永大股份 | 江苏省 南通市 | 国泰海通证 券股份有限 | 国浩律师（上 致同会计师事务所 海）事务所 （特殊普通合伙） 海) 事务所 | | | | | | | | 公司 | | | | | 2 | 833137 | 通宝光电 | 江苏省 常州市 | | And Children Class of Children Children Company Concessful Collection of 务所（特殊普通合 2025-04-27 2025-04-27 | | | | | | | | 份有限公司 | 律师事务所 | 伏) | | 由于北交所网站尚未公布两家公司的招股 ...

Core Viewpoint - Despite facing challenges such as international geopolitical conflicts and global economic downturns, Luxshare Precision (立讯精密) has achieved impressive financial results in 2024, with significant growth in revenue and net profit [2][4]. Financial Performance - In 2024, Luxshare Precision reported total revenue of 268.8 billion yuan, a year-on-year increase of 15.91%, and a net profit attributable to shareholders of 13.37 billion yuan, up 22.03% [2]. - For Q1 2025, the company continued its growth trajectory, achieving revenue of 61.79 billion yuan, a 17.9% increase year-on-year, and a net profit of 3.04 billion yuan, up 23.17% [2]. Business Segments - The consumer electronics segment remains the core business, generating 224.09 billion yuan in revenue in 2024, reflecting a 13.65% increase, solidifying the company's leading position in the industry [4]. - Luxshare's ODM (Original Design Manufacturer) business has expanded significantly, covering popular product categories such as smart AR/VR glasses, smart acoustic products, and smart home devices [3][6]. Strategic Initiatives - The company is enhancing its ODM capabilities through acquisitions, including a recent agreement with Wistron Technology to acquire certain assets related to system integration, aiming to strengthen its position beyond Apple-related products [4][6]. - Luxshare is also diversifying its product offerings into automotive electronics, with revenue from this segment reaching 13.76 billion yuan in 2024, a 48.69% increase [9]. Market Trends and Future Outlook - The automotive electronics sector is viewed as a key growth area, with Luxshare focusing on components such as wiring harnesses and smart cockpit systems, capitalizing on the trends of electrification and connectivity in the automotive industry [9][10]. - The company has initiated a strategic acquisition of Leoni Group, a century-old automotive wiring harness manufacturer, to enhance its competitive edge in the global automotive market [10]. - Looking ahead to 2025, Luxshare aims to maintain its core business focus while leveraging its unique advantages to create more value for customers and the industry [11].

道通科技（688208.SH）2025 年一季报点评 业绩表现强韧，前瞻布局，关税影响有限 2025 年 04 月 27 日 ➢ 事件。2025 年 4 月 25 日公司发布 2025 年一季度报告，公司实现营业收 入 10.94 亿元，同比增长 26.71%；实现归母净利润 1.99 亿元，同比增长 59.91%； 推荐 维持评级 当前价格： 38.18 元 ➢ 业绩扎实兑现。2025Q1 公司数字维修业务（不含软件）实现营业收入 7.31 亿元，同比增长约 24%，其中 TPMS 系列增长约 60%。数字能源业务（不含充 电云服务）实现营业收入 2.12 亿元，同比增长约 35%。AI 及软件业务实现营业 收入 1.37 亿元，同比增长约 36%，其中充电云订单增长 80%。 ➢ 前瞻布局，关税影响有限。美国客户及经销商愿共同承担新增关税成本，公 司也将适时调整产品价格。从长远计，公司积极布局海外生产基地。2023 年， 公司前瞻性收购位于北卡罗来纳州的美国本土工厂，并于当年末投产，这不仅能 满足美国本土生产要求，还能使产品更贴近当地客户，提升供应链响应速度与市 场竞争力。公司考虑将工序自动化程度较高的部 ...

涉及总金额5 0 7 . 5 4亿元人民币。 基金备案规模区间分布 作者 | 私募通 来源 | 决策投资圈 （ID：PEDATAMAX） 清科创业（0 1 9 4 5 .HK）旗下私募通统计：截至本周五下午，募资、投资、上市和并购共 1 8 9 起 事 件 ， 涉 及 总 金 额 5 0 7 .5 4 亿 人 民 币 。 从 交 易 金 额 来 看 ， 本 周 金 额 较 大 事 件 是 ： 2 0 25年4月2 1日，上海基础设施建设发展（集团）有限公司、中国银河资产管理有限责 任公司、中国东方资产管理股份有限公司、上海浦东创新投资发展（集团）有限公司、 上海外高桥资产管理有限公司等投资上海外高桥集团股份有限公司2 4 . 7 5亿人民币。从交 易事件地域分布看，目前主要分布在广东省、江苏省和浙江省，占比均为1 7 . 5%。 更多信息请登录：h tt p s://ma x.pe da t a . c n/ 本周募资情况 本周新登记股权投资基金管理人共计4家，取消备案登记10家，全年截至目前累计股权投 资基金管理人数量为2 7家。本周新增备案基金数量为1 0 6只，规模总计347.35亿元，本 周备案基金募 ...

Core Insights - Beijing Four-Dimensional Map Technology Co., Ltd. and Shenzhen Hangseng Electronics Co., Ltd. signed a strategic cooperation agreement during the 20th Shanghai International Automobile Industry Exhibition, marking the first full-chain collaborative innovation in the domestic automotive electronics sector between a map provider and a Tier 1 supplier [1] Technical Collaboration - The two companies will collaborate in three core areas: 1. Joint chip development focusing on next-generation smart cockpit and ADAS dedicated chip architecture [3] 2. Optimization of ADAS systems by integrating high-precision positioning technology with existing ADAS control units to support L2+ level autonomous driving [3] 3. Upgrading smart cockpits by deploying AI large models in vehicle scenarios, achieving a voice command response time of 0.8 seconds [3] Manufacturing Support - Hangseng's digital factory in Shenzhen, with an annual production capacity of 3 million vehicle-mounted systems, will provide flexible production support for Four-Dimensional Map Technology [3] - The companies plan to establish a joint laboratory to enhance the reliability verification of automotive-grade products, targeting a Mean Time Between Failures (MTBF) of 50,000 hours [3] Industry Growth Potential - The technology areas involved in this cooperation are experiencing rapid growth, with the Chinese smart cockpit market projected to reach 120 billion yuan in 2024 and L2 level autonomous driving installation rates exceeding 45% [4] - The collaboration aims to complete 10 model projects by 2026, covering pure electric, hybrid, and fuel-powered platforms [4] Project Launch - The first cooperative project is set to commence in the third quarter, focusing on the development of a smart cockpit system for a high-end electric vehicle from a domestic brand [5]

Core Insights - The 21st Shanghai International Automobile Industry Exhibition focuses on innovation and showcases cutting-edge technologies from leading global automotive companies [1] - Harman International, a subsidiary of Samsung Electronics, presents various automotive technology solutions, including smart interaction, in-car connectivity, and audio systems [1][3] Group 1: Company Developments - Christian Sobottka, President and CEO of Harman, emphasizes China's significance as a key market for automotive technology innovation, introducing solutions showcased at CES 2025 [3] - Harman has established a comprehensive layout in China covering R&D, production, and supply chain, with a new manufacturing facility in Suzhou that began operations in February 2025, involving an investment of 100 million RMB [3] Group 2: Technology Showcased - Smart Interaction System: Ready Engage integrates Cerence AI voice assistant for personalized AI interaction; Ready Upgrade allows for software updates every three months and vehicle upgrades every six months [4] - In-Car Connectivity Technology: Ready Connect enhances communication stability in remote areas; Ready Link Marketplace supports third-party in-car application development [4] - Safety Monitoring System: Ready Care utilizes AI and neuroscience principles to monitor driver physiological data in real-time and provide intervention solutions [4] - Audio and Display Technology: Collaboration with Samsung on automotive-grade HDR10+ display technology and Neo QLED screens; Seat Sonic audio system enables sound zone control through seat integration [4] Group 3: Market Trends - The Chinese electric vehicle market is driving technological breakthroughs in areas such as in-car displays and smart cockpits, with Harman's R&D team responsible for over 40% of global in-car display technology development [6] - The annual production capacity of in-car display modules at the Suzhou factory is set to reach 1.2 million units [6] - According to third-party data, the global smart cockpit market is expected to exceed $80 billion by 2025, with China accounting for 35% of this market [6] - Harman's showcased innovations, such as AR situational intelligence systems and cadmium-free quantum dot film technology, indicate a 60% increase in the pace of technological iteration in the automotive electronics sector compared to three years ago [6]

Core Viewpoint - The collaboration between Visteon and ByteDance's Volcano Engine aims to redefine the in-car interaction experience through an AI-driven smart cockpit solution, addressing the evolving consumer demand for more personalized and scenario-based interactions in automotive technology [1][3]. Group 1: Collaboration and Technology Integration - Visteon and Volcano Engine have launched a next-generation smart cockpit solution that integrates AI capabilities, enhancing the interaction between vehicles and users [1][3]. - The partnership focuses on two core technologies: edge-cloud collaborative computing and multi-modal interaction, ensuring high responsiveness and low latency in AI cockpit performance [1][3]. Group 2: Key Features of the AI Smart Cockpit Solution - The solution features efficient deployment of large models on the edge, allowing for intelligent operation even in weak or no network conditions, thus ensuring offline functionality [7]. - The advanced edge-cloud collaborative architecture allows for the effective operation of large models in vehicles, enhancing user experience while enabling continuous scene expansion and functional upgrades through cloud capabilities [9]. - Multi-modal interaction capabilities facilitate more natural human-machine communication by integrating fuzzy semantics, behavior, and environmental data, providing personalized services based on user and vehicle status [11]. Group 3: Development and Innovation - The complete AI framework supports atomic service scheduling, enabling automotive manufacturers to quickly integrate AI models and service ecosystems, thereby shortening the production cycle of smart cockpits [13]. - The collaboration represents a significant step in advancing automotive intelligence, leveraging the strengths of both companies to drive innovation in the industry [5][14].

装备制造：增材制造、无人机、医疗装备、汽车零部件、机器人、民用航空等。 日前，泸州市壹期产业引导基金发布关于遴选子基金管理机构的公告，分别包括选先进制造创业投 资子基金与化工新材料子基金。 具体来看，泸州市先进制造创业投资基金（暂定名，最终以市场监管部门登记为准），总规模不低 于10亿元，采取认缴制分期到位。 泸州市产业引导基金（出资不超过子基金拟设规模的20%）以及市内国企（含市属国企组建基金） 的出资总和原则上不高于子基金实缴总额的80%。剩余不低于20%（含）由子基金管理机构 （GP）负责募集。子基金管理机构及其关联方认缴出资比例不低于基金规模的1%（含）。 投资领域如下： 对接需求请扫码 每日｜荐读 活动： 「2025中国产业资本峰会」圆满落幕，CVC成为投资行业枢纽！ 榜单： 「2025产业投资100强」正式发布 报告： 独角兽的"新双轮驱动"：《2025中国CVC影响力报告》发布 荐读： LP梳理：国家级引导基金全名录 电子信息：汽车电子、新型显示、智能传感器、服务机器人等。 数字经济：智慧医疗、智能制造等。 泸州市化工新材料基金（暂定名，最终以市场监管部门登记为准）总规模不低于20亿元（含）， ...

豪恩汽电系列 车中旭霞 公司深度 《豪恩汽电（301488.SZ）-聚焦汽车智能驾驶的核心企业 》——20241210 公司点评 《 豪恩汽电（301488.SZ）-单四季度收入同比增长26%，智能驾驶产品量价齐升》——20250421 核心观点 2024Q4豪恩汽电营收4.58亿元，同比增长26% 公司2024年实现营收14.09亿元，同比+17.25%，归母净利润1.01亿元，同比-11.15%。 分业务看 ，公司2024年汽车智 能驾驶感知系统收入14.08亿元，同比+17.39%，毛利率20.90%，同比-1.83pct。 分季度看 ，公司2024Q4实现营收4.58 亿元，同比+25.77%，环比+27.63%，归母净利润0.31亿元，同比-30.53%，环比+33.85%。 整体来看，公司的主要产品 包括集软件、算法、光学设计和硬件于一体的车载摄像系统、车载视频行驶记录系统和超声波雷达系统，受益于下游 市场对智能驾驶感知系统的持续需求，公司2024年收入同比增长17%，超越乘用车行业14.6pct（2024年国内乘用车产 量同比+2.65%）。 2024Q4毛利率环比提升0.9pct，净利率环比提 ...

在技术创新方面，天有为始终走在行业前列。截至2024年12月31日，公司拥有境内专利134项，其中发 明专利52项、实用新型专利70项、外观设计专利12项，还拥有国际专利1项和软件著作权18项。这些技 术成果不仅提升了产品的性能和质量，还为公司开拓市场奠定了坚实基础。例如，公司的复合屏技术在 全液晶组合仪表和双联屏仪表中得到广泛应用，有效提升了产品的显示效果，同时降低了生产成本，增 强了产品在市场上的竞争力。 随着汽车智能化、网联化的发展趋势日益显著，天有为精准把握行业脉搏。在仪表盘数字化及智能座舱 发展的浪潮下，公司提前布局，于2015-2019年间成功研发出全液晶组合仪表、双联屏仪表等产品，并 迅速获得了市场的认可，陆续取得多家客户订单。从产品单价来看，全液晶组合仪表及双联屏仪表的单 价相对较高，随着市场对这些产品需求的不断增加，将进一步推动公司的经营业绩向好发展。 此次上市，天有为募集的资金将用于汽车电子智能工厂建设、智能座舱生产基地建设、汽车电子研发中 心建设以及信息化系统建设等项目，并补充流动资金。这些项目的实施，将有助于公司进一步扩大生产 规模，提升产品产能，优化产品结构，增强研发实力，从而更好地 ...