Core Viewpoint - Luxshare Precision is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global financing capabilities and support its international expansion strategy [1][2]. Group 1: Company Strategy - The company aims to leverage Hong Kong's international financial center status to broaden its capital market financing channels, which will provide sufficient funding for overseas business expansion, new technology development, and global capacity layout [1]. - The issuance of H-shares will allow Luxshare Precision to attract and retain overseas high-end talent through flexible and diverse equity incentive tools, injecting innovative vitality and professional strength into its global development [1][2]. Group 2: Business Expansion - Luxshare Precision is actively advancing its global layout, particularly in the communication, data center, and automotive sectors, enhancing its business footprint [2]. - The company has identified automotive electronics as a new growth area, with products covering automotive wiring harnesses, connectors, smart cockpits, and advanced driver-assistance systems [2]. - In September 2024, Luxshare Precision acquired 50.1% of the German automotive wiring harness manufacturer Leoni and its wholly-owned subsidiary for €5.2541 billion (approximately RMB 4.4 billion), accelerating its global expansion in the automotive electronics sector [2]. Group 3: Market Context - Other well-known companies in the "fruit chain" are also applying for listings on the Hong Kong Stock Exchange, indicating a trend among industry peers [3].

近日，芜湖埃泰克汽车电子股份有限公司(以下简称"埃泰克")重启A股IPO进程，由华泰联合证券(以下简称"华泰证券")担任 保荐机构。实际上，早在2023年1月13日，埃泰克就曾与中信证券签署辅导协议，如今则是更换券商，继续推进IPO进程。 借着新能源汽车行业的东风和在国内车身控制器领域的龙头地位，埃泰克的业绩显著增长。近几年里，公司获得了小米、 复星等知名企业的投资。而随着智能驾驶的普及，公司在智能座舱业务上的布局也在逐渐加大，但其经营策略主要是以低 价换取市场，这也导致了公司的这部分业务毛利率远低于同行。 证券之星注意到，目前，影响埃泰克上市之路的核心阻力或许在于公司对奇瑞汽车的深度依赖。招股书显示，奇瑞汽车既 是公司持股超20%的关键股东，更是贡献过半营收的最大客户，这导致公司的关联交易风险高悬。此外，其近一半的应收 账款也来自奇瑞汽车，若合作生变或资金回收遇阻，公司经营也将受到冲击。 而当前的股权结构下，公司实际控制人表决权较低，发行后或进一步稀释，在种种博弈下，公司的命运似乎与另一大股东 奇瑞汽车的绑定更深。 背靠奇瑞汽车和小米，公司股权分散 公开资料显示，埃泰克成立于2002年底，由澳籍华人陈泽坚与 ...

Group 1 - The IAEIS 2025 International Automotive Electronics Industry Summit was held in Shenzhen, where the "2024 Automotive Electronics Science and Technology Award - Outstanding Enterprise Award" was presented to Karrcool for its technological breakthroughs in battery applications and product innovation [1][5] - The summit served as a significant platform for discussions on AI empowerment, policy trends, and automotive manufacturer dynamics, aiming to promote high-quality development in the automotive electronics industry [3] - The "Automotive Electronics Science and Technology Award" is recognized as the "Oscar" of the automotive electronics industry in China, highlighting the exceptional research capabilities and innovative spirit of enterprises and individuals [5] Group 2 - Karrcool, a leading global battery application solution provider, has accumulated 717 global patents and launched over 500 products in its 14 years of operation, with sales exceeding 30 million units across more than 100 countries [7] - The company focuses on continuous R&D investment and core technology breakthroughs, exemplified by its fourth-generation smart safety starting power supply, which addresses industry development bottlenecks [7] - Karrcool has recently targeted the heavy-duty truck market with innovative products such as the Karrcool Start-Stop Lithium Battery and Inverter Charging Integrated Machine, enhancing the parking experience for truck drivers [9] Group 3 - Karrcool actively participated as a sponsor in the award ceremony's networking dinner, contributing to the industry's communication platform and engaging with attendees through prize draws [9][11] - The company expressed gratitude to the Shenzhen Automotive Electronics Industry Association for its recognition and support, emphasizing its commitment to innovation and quality user experience in the automotive electronics sector [14]

New Stock Offerings - The new stock offering for Xinyu New Materials has a subscription code of 301630, with an issue price of 84.00 yuan per share and a subscription limit of 10,000 shares [1] Government Policies and Economic Indicators - The Ministry of Finance, State Taxation Administration, and Ministry of Commerce announced a tax credit policy for foreign investors, allowing a 10% tax credit on direct investments made with profits distributed by domestic enterprises from January 1, 2025, to December 31, 2028 [3] - The National Bureau of Statistics reported that the manufacturing PMI for June was 49.7%, the non-manufacturing business activity index was 50.5%, and the comprehensive PMI output index was 50.7%, indicating an overall expansion in economic activity [3] Industry Developments - The Hengqin Guangdong-Macao Deep Cooperation Zone Executive Committee released an industrial development plan for 2025-2029, aiming for significant economic integration with Macao and a target for the "Four New" industries to account for approximately 65% of the regional GDP by 2029 [4] - The China Securities Association held a meeting discussing the economic outlook for the second half of 2025, with over 70% of chief economists predicting an increase in CPI, PPI, and fixed asset investment growth rates [4] Company News - JD.com warned users about misleading information regarding partnerships with JD Coin Chain, emphasizing that no stablecoin issuance has begun and all related information may be fraudulent [6] - DJI clarified that new battery inspection requirements from the Civil Aviation Administration do not affect its drone products [6] - Guoxin Technology successfully tested a new 48V automotive electronic airbag ignition chip [7] - Alloy Investment's controlling shareholder plans to change to Jiuzhou Hengchang, with stock resuming trading on July 1 [8] - Jinpu Titanium Industry is planning a major asset restructuring, leading to a suspension of trading starting July 1 [9]

中国经济网北京6月27日讯华安鑫创（300928）(300928.SZ)2024年年度报告显示，2024年，公司实现营业收入10.35 亿元，同比增长7.65%；归属于上市公司股东的净利润-7605.74万元，上年同期为-4043.89万元；归属于上市公司股 东的扣除非经常性损益的净利润-8248.43万元，上年同期为-4785.54万元；经营活动产生的现金流量净额-1.34亿元， 上年同期为1.38亿元。 | | 2024年 | 2023 年 | 本年比上年 | 2022 年 | | --- | --- | --- | --- | --- | | | | | 增减 | | | 营业收入(元) | 1, 034, 763, 255. 06 | 961, 252, 369. 65 | 7.65% | 890, 477, 777. 12 | | 归属于上市公司股东的净利润(元) | -76, 057, 367. 80 | -40, 438, 934. 25 | -88.08% | 46, 570, 138. 71 | | 归属于上市公司股东的扣除非经常性 损益的净利润(元) | -82, 484, 328. 01 ...

Core Viewpoint - The report details the fundraising activities and usage of funds by Suzhou Shansheng Electronics Co., Ltd., including the results of previous fundraising efforts and the management of those funds [1][2][3]. Fundraising and Usage Summary - In 2021, the company raised a total of RMB 308.80 million through an initial public offering (IPO), with a net amount of RMB 258.51 million after deducting issuance costs of RMB 50.29 million [1][2]. - The funds were deposited into a special account, and as of December 31, 2024, the total amount in the special account was RMB 271.06 million [2]. - In 2023, the company issued convertible bonds to raise RMB 520 million, with a net amount of RMB 507.67 million after deducting issuance costs of RMB 12.33 million [3][4]. Fund Management and Project Implementation - The company established a fundraising management system to ensure the proper use of funds, complying with relevant regulations [5]. - The "Automotive Electronics Expansion Project" was completed in June 2023, and the "Speaker Expansion Project" was completed in September 2023, with surplus funds totaling RMB 27.11 million being permanently allocated to supplement working capital [6][7]. - The company plans to use up to RMB 420 million for the "Automotive Audio System and Electronic Products Project," including RMB 63 million for capital contributions and RMB 357 million for loans to its wholly-owned subsidiary [7][8]. Project Adjustments and Financial Performance - The company adjusted the investment amounts for its projects due to the actual net fundraising being lower than initially planned, with the total investment for the projects being RMB 446.67 million [9][10]. - The "Automotive Audio System and Electronic Products Project" is expected to reach its operational state by December 2024, while the "Supplementary Working Capital Project" cannot be individually assessed for benefits [21][22]. Fund Usage and Financial Reporting - The company has not reported any discrepancies between the actual use of funds and previously disclosed information [22]. - As of December 31, 2024, the company had completed the use of all raised funds, with no remaining balance in the special fundraising accounts [22].

Core Viewpoint - The visit to Huayang Group by the Huizhou Securities and Futures Industry Association represents a significant opportunity for collaboration and understanding between the company and industry stakeholders, highlighting Huayang Group's strong market position and innovative capabilities in the automotive electronics sector [1][5]. Company Overview - Huayang Group has focused on product development in automotive intelligence and lightweighting, with its automotive electronics business covering three main areas: intelligent cockpits, intelligent driving, and intelligent networking, making it one of the most comprehensive companies in the domestic intelligent cockpit sector [3]. - The precision die-casting business includes key automotive components, precision 3C electronic parts, and industrial control components, establishing Huayang Group as a highly competitive player in the domestic die-casting industry [3]. Industry Insights - The president of the Huizhou Securities and Futures Industry Association emphasized Huayang Group's significant influence in the industry, noting its excellent performance and stable development, which have garnered widespread market recognition [5]. - Huayang Group aims to achieve a revenue breakthrough of 10 billion in 2024, with overseas markets identified as a crucial growth area, supported by increased investment in technology research and development [6]. Product Experience - During the visit, attendees experienced advanced automotive technologies such as AR-HUD, PHUD, wireless charging for mobile devices, and electronic rearview mirrors, showcasing the convenience and trend of intelligent cockpits [5][6]. - The president of the association personally tested the HUD product capabilities, enhancing understanding of Huayang Group's core products [6]. Q&A Session - The Q&A session addressed various topics, including the relationship between internal development and external mergers, strategic planning, competitive advantages, stock incentives, future outlook, R&D investment, and risk management related to raw material cost fluctuations [8]. - Huayang Group's executives provided detailed and professional responses, earning high recognition and satisfaction from the attendees [8].

点击蓝字，关注我们 一、公司简介 江苏泽景汽车电子股份有限公司成立于2015年，是一家专注于 智能座舱视觉与交互解决方案 的高科 技企业。 公司主要产品包括基于 挡风玻璃的HUD（W-HUD） 解决方案CyberLens和 增强现实HUD（AR- HUD） 解决方案CyberVision，将关键驾驶信息（如车速、导航和ADAS预警等）投射到驾驶员前方 视野中的显示解决方案，以减少驾驶员低头查看仪表盘的频率，提高驾驶安全性和行车便利性，广泛 应用于智能汽车领域。 泽景电子的终端市场覆盖国内主流车企，包括 蔚来、理想、小米、比亚迪、吉利等22家主机厂，累 计获得超过90款车型定点 。 二、财务状况 | 年度 | 收入(人民币亿元) | 收入变动 | 毛利率 | 浄利润(人民币亿元) | 净利率 | | --- | --- | --- | --- | --- | --- | | 2022 | 2. 14 | | 22. 6% | -2.56(亏损) | -119.7% | | 2023 | 5. 49 | 156. 5% | 25. 6% | -1.75(亏损) | -31.8% | | 2024 | 5. 78 ...

南通市区北翼有一块沪通合作的"试验田"——南通市北高新技术产业开发区。历经15年开发建设， 昔日城郊接合部"蝶变"主城崇川的科创集聚区、产业新高地。 怎样协同提升长三角区域创新能力，更好发挥高质量发展动力源作用？2025年度长三角地区主要领 导座谈会的核心议题，在这片"希望的田野上"有着生动实践和收获景象。 科技创新引领产业创新，产业创新又持续推动科技创新。创业之初，修实生物与上海高校合作，实 现国内复杂结构短肽药物规模化生物合成生产技术"零的突破"。产业化好态势又引来多家机构投资，目 前已完成近亿元Pre-A轮融资，用于技术平台建设和多样化管线研发，进而扩大多肽药物产线。 越是"敢打头阵"，越能"拔节生长"。近三年，市北高新区培育独角兽企业占南通市总量的2/3，去 年园区经济总量历史性跃居崇川首位，创新能力和创业活跃度在全省省级高新区列第4位，崇川主城"动 力源"作用愈发彰显。 走在前，深植战略协同之根 长三角一体化发展行至改革"深水区"，市北高新区是最早"摸石头过河"的探路者之一。 宝月湖畔的上海市北科创中心，很长时间里都是市北高新区的地标所在。大楼地下停车场，"沪"字 打头的车牌号随处可见。这里是上海最 ...

汽车电子智能化解决方案提供商埃泰克闯关IPO。 6月20日上交所公告，芜湖埃泰克汽车电子股份有限公司（简称"埃泰克"）主板IPO获受理，公司拟募资15亿元。 招股书显示，埃泰克是一家行业领先的汽车电子智能化解决方案提供商，主要从事车身域、智能座舱域、动力域以及智能驾驶域等汽车电子产品的研发、生 产及销售，同时为客户提供汽车电子EMS和技术开发服务。经过多年发展，埃泰克已形成从产品设计、检测验证到量产交付的完整业务体系，并积累了丰 富的汽车电子产品开发和产业化经验。 历经二十余年的发展，凭借丰富的产品开发经验、可靠的产品质量以及及时灵活的响应能力等优势，埃泰克积累了包括自主品牌整车厂商、新势力厂商以及 汽车零部件厂商在内的众多客户群体，其中自主品牌整车厂商主要包括奇瑞汽车、长安汽车、长城汽车、上汽集团、吉利汽车、北汽集团、东风汽车等；新 势力厂商主要包括理想汽车、小鹏汽车以及零跑汽车等；此外公司通过向博世等提供汽车电子EMS，产品最终配套于沃尔沃、奥迪等知名整车厂商。 长期以来，整车五大功能域的关键技术与市场主要由博世、电装、大陆等国际大型汽车电子厂商占据主导地位。随着本土汽车电子企业的整体技术实力不断 提升， ...