"江苏板块"正加速成为优质企业、创新型企业集聚地。 4月上旬，在美国滥施关税引发全球市场动荡之际，江苏上市公司集中宣布了一批回购、增持计划，两天内近30家上市公司拿出真金白银维护市场稳定，展现了A 股"江苏军团"的实力和担当。 江苏上市公司强力护盘的背后，是整个区域资本市场高质量发展的深厚积淀。放眼江苏资本市场，一组"硬核"数据跃然眼前：境内上市公司数量突破700家，科创 板、北交所和国家级专精特新"小巨人"上市公司数量均为全国第一，上市公司县域覆盖率达82%…… 江苏制造业规模庞大、门类齐全，产业集群优势显著，科技含量持续提升。依托这一坚实基础，"江苏板块"正加速成为优质企业、创新型企业集聚地。江苏省委金 融办常务副主任、省地方金融管理局局长巩海滨在接受证券时报记者采访时表示，江苏力争A股上市公司年度新增数量保持全国前列，科创板、北交所上市公司数 量领跑，先进制造业和战略性新兴产业上市公司占比持续提升。 下一步，江苏将重点培育"独角兽"、"瞪羚"、专精特新"小巨人"以及制造业隐形冠军、新型服务业领军企业，支持其通过资本市场发展壮大。同时，全面落实"并购 六条"政策，充分发挥资本市场并购重组功能，着力培育一批 ...

4月上旬，在美国滥施关税引发全球市场动荡之际，江苏上市公司集中宣布了一批回购、增持计划，两 天内近30家上市公司拿出真金白银维护市场稳定，展现了A股"江苏军团"的实力和担当。 江苏上市公司强力护盘的背后，是整个区域资本市场高质量发展的深厚积淀。放眼江苏资本市场，一 组"硬核"数据跃然眼前：境内上市公司数量突破700家，科创板、北交所和国家级专精特新"小巨人"上 市公司数量均为全国第一，上市公司县域覆盖率达82%…… 江苏制造业规模庞大、门类齐全，产业集群优势显著，科技含量持续提升。依托这一坚实基础，"江苏 板块"正加速成为优质企业、创新型企业集聚地。江苏省委金融办常务副主任、省地方金融管理局局长 巩海滨在接受证券时报记者采访时表示，江苏力争A股上市公司年度新增数量保持全国前列，科创板、 北交所上市公司数量领跑，先进制造业和战略性新兴产业上市公司占比持续提升。 下一步，江苏将重点培育"独角兽"、"瞪羚"、专精特新"小巨人"以及制造业隐形冠军、新型服务业领军 企业，支持其通过资本市场发展壮大。同时，全面落实"并购六条"政策，充分发挥资本市场并购重组功 能，着力培育一批高端装备、生物医药、集成电路等领域的产业链"链 ...

以下文章来源于东四十条资本 ，作者黎曼 东四十条资本 . 聚焦股权投资行业人物、事件、数据、研究、政策解读，提供专业视角和深度洞见 | 创投圈有趣的灵魂 将投中网设为"星标⭐"，第一时间收获最新推送 投后估值超25亿元。 作者丨 黎曼 来源丨东四十条资本 2021 年夏，小米产业园办公室内，雷军饶有兴致地打量眼前一对兄弟， " 为什么张波是创始人，董事长却是张涛？ " 技术出身的张波与拥有 20 年整车厂管理经验的张涛相视一笑。这对兄弟执掌的泽景汽车电子（下称泽景电子）来自江苏扬 州，正是打破国际巨头 HUD 垄断的中国黑马。 在智能汽车产业革新浪潮中，车载抬头显示（ HUD ）技术正逐渐成为提升驾驶体验的关键配置之一。 HUD 技术是指利用光 学成像技术将驾驶信息显示在驾驶员前方，或采用 AR 算法将虚拟信息与真实道路场景动态叠加，为驾驶员提供更直观的驾驶 体验，同时也可以提升交通安全性。 从微软工程师到国产HUD拓荒人 又是一个国产替代的故事。 2015 年，当张波离开微软中国技术岗位创业时，挡风玻璃上那方寸投影天地还被博世、日本精机等国际巨头牢牢掌控。这位 西安邮电学院计算机软件专业的毕业生，带着 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].

车载显示：虚拟全景显示驱动交互革新 20250530 摘要 智能座舱领域快速发展，DMS、OMS、HUD 等技术渗透率提升，国内 头部汽车 TIER one 厂商市场份额加速集中，龙头企业业绩超越市场平 均水平。 虚拟全景显示作为创新技术，提供更丰富的信息呈现，有望扩大成像空 间和投影尺寸，长期应用空间巨大，或替代现有显示屏方案。 HUD 产品渗透率快速提升，2024 年国内乘用车前装标配 HUD 上险量 达 356 万辆，渗透率达 16%，中国厂商在供应端份额逐步提升，推动 市场发展。 国内 HOD 制造商凭借成本控制和本土资源整合能力，市场份额快速提 升，2024 年中国厂商市场份额达 57%，华阳以 22%市占率领先。 虚拟全景显示系统通过投影实现超宽范围显示，兼具 HUD 平视显示及 传统屏幕图像质量清晰的优点，但面临光学设计、散热管理等技术难题。 华阳集团在虚拟全景显示领域占据领先地位，座舱域控产品销量增长迅 速，预计 2025 年归母净利润为 8.57 亿元，长期成长空间广阔。 虚拟全景显示技术面临机电控制、UI 处理、量产一致性等挑战，但主流 屏幕显示及 HUD 厂商均有布局，具备综合车载显示能 ...

Group 1 - Star Stone Investment recently conducted research on a listed company, specifically focusing on Jingwei Hengrun, which has a dedicated institution for robot research and is advancing smart robots and smart warehousing [1] - Jingwei Hengrun is collaborating with Baixiniu on Robovan to promote the commercial rollout of unmanned vehicles for last-mile logistics [1] - The company has initiated L4 level fully unmanned driving operations at ports and plans to expand to public road scenarios, including point-to-point unmanned cargo transportation and Robobus microcirculation [1] - The decline in overall gross margin is primarily due to the rapid growth of the automotive electronics business, with new products being mass-produced for companies like Xiaomi, Xpeng, and Geely, driven by trends in the automotive industry [1] Group 2 - Star Stone Investment, established in 2007, is one of the top private equity fund management companies in China and a pioneer in the private equity sector [2] - The company has received numerous awards, including being the first Chinese private equity firm to win the Morningstar China Hedge Fund Award and to be included in the MSCI Global Hedge Fund Index [2] - Star Stone Investment focuses on long/short equity strategies and has built a strong research team of 40 professionals, employing a multi-faceted driving factor investment approach for comprehensive industry coverage [2] - The investment decision-making process is led by a committee, with nine fund managers collaboratively managing all products to identify high-quality investment targets [2] - The firm emphasizes compliance and risk control, establishing a rigorous compliance framework that integrates risk management throughout the investment research process [2]

2025.05. 30 本文字数：855，阅读时长大约2分钟 5月30日，*ST威帝公告称，公司股票 将于2025年6月3日停牌一天，自6月4日起复牌交易，公司 股票将撤销退市风险警示， 证券简称由"*ST威帝"变更为"威帝股份"，股票代码仍为"603023"， 股票价格的日涨跌幅限制由5%变为10%。 据证券时报，回顾原委，因*ST威帝2023年度经审计的扣除非经常性损益前后的净利润均为负值， 且扣除与主营业务无关的业务收入和不具备商业实质的收入后的营业收入低于1亿元， 公司股票于 2024年5月6日起被实施退市风险警示。 就申请摘帽的理由，立信中联会计师事务所对*ST威帝2024年度内部控制报告进行审计并出具了标 准无保留意见的审计报告；对*ST威帝2024年度财务报告进行审计并出具了标准无保留意见的审计 报告。 *ST威帝表示， 根据《上海证券交易所股票上市规则》的相关规定自查，公司股票触及退市风险警 示的情形已经消除，满足《上海证券交易所股票上市规则》规定的可以申请撤销对公司股票实施退市 风险警示的条件。 因此，公司于2025年4月29日按照相关规定向上海证券交易所申请撤销退市风险 警示，上海证券交易 ...

5月30日晚间，威帝股份（603023.SH）正式发布《关于撤销退市风险警示暨停牌的公告》。公告显 示，公司股票将撤销退市风险警示，公司证券简称由"*ST威帝"变更为"威帝股份"，股票代码仍 为"603023"，公司股票将于2025年6月3日停牌一天，自2025年6月4日起复牌交易，股票价格的日涨跌幅 限制由5%变为10%。 此外，2024年12月，威帝股份还完成了一项关键战略布局——成功收购阿法硅51%股权，成为其控股股 东。此举标志着威帝股份正式进军乘用车电子领域。阿法硅目前主要为奇瑞新能源提供中控显示屏、液 晶仪表屏、组合仪表及控制器等产品，此次收购为威帝股份开辟了全新的业务增长空间和市场赛道。 随着公司正式撤销退市风险警示，重回稳健发展轨道，叠加公司自身面向乘用车领域的战略布局落地， 威帝股份正迎来全新的发展阶段，其2025年的增长蓝图值得市场期待。（燕云） （文章来源：证券时报网） 威帝股份根据《上海证券交易所股票上市规则》的相关规定自查，公司股票触及退市风险警示的情形已 经消除，满足《上海证券交易所股票上市规则》规定的可以申请撤销对公司股票实施退市风险警示的条 件，因此，公司于2025年4月29日 ...

Group 1 - Sun Cable's shareholder plans to reduce its stake by up to 3% of the company's shares, amounting to 21.67 million shares, due to operational needs [1] - China Chemical's controlling shareholder has secured a loan commitment of up to 540 million yuan to support its share buyback plan, which aims to purchase between 300 million and 600 million yuan worth of shares within 12 months [1] Group 2 - Palm Holdings has initiated legal proceedings over a loan dispute involving over 149 million yuan, which represents 8.99% of the company's latest audited net assets [2] - Zhongtai Securities' application for a specific stock issuance has been accepted by the Shanghai Stock Exchange, pending further regulatory approval [4] Group 3 - Tongda Electric's stock has seen a significant increase of 30.01% over three consecutive trading days, raising concerns about potential market overheating and irrational speculation [5] - Huaneng International plans to apply for public REITs based on its Qingdao project, involving a transfer of project company shares and strategic participation from related parties [7] Group 4 - Longjian Shares' application for issuing convertible bonds has been approved by the Shanghai Stock Exchange, pending further registration approval from the China Securities Regulatory Commission [7] - Hehe Information is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global capital operations [8] Group 5 - ST Huaxi has signed a significant overseas contract worth approximately 2.9 billion yuan for the reconstruction of a power plant in Iraq, although the contract's effectiveness is subject to certain conditions [9] - Zhongqi Shares has project approval for a chemical product but has not yet commenced production, indicating limited impact from recent industry incidents [11] Group 6 - Sino Medical's subsidiary has received a medical device registration certificate for a new stent product, marking a significant advancement in its product offerings [14] - *ST Longjin's stock is entering a delisting preparation period, with trading expected to last for 15 days [15] Group 7 - Chao Da Equipment has undergone a change in controlling shareholder, with a significant portion of shares transferred to Nanjing Youxu [15] - *ST Wan Fang plans to transfer a 68.88% stake in a subsidiary for 7.6 million yuan, ceasing its financial consolidation with the subsidiary [16] Group 8 - Zhejiang Construction's subsidiary has won a framework contract for a residential redevelopment project valued at approximately 1.2 billion yuan, expected to positively impact the company's performance [17] - China Gold's controlling shareholder plans to increase its stake in the company by investing between 168 million and 335 million yuan [18] Group 9 - Tianhong Shares' major shareholder intends to reduce its stake by up to 3%, amounting to 35.07 million shares, due to personal funding needs [18] - Lingdian Electric Control is planning to acquire a 98.43% stake in a company for 478 million yuan to consolidate resources in the automotive electronics sector [19] Group 10 - Tianyuan Pet is planning to acquire an 89.71% stake in a technology company, with funding to be raised through a share issuance [19] - Beijing Culture's major shareholder plans to reduce its stake by up to 3%, amounting to 21.48 million shares, due to operational funding needs [20]

证券代码：603202 证券简称：天有为 公告编号：2025-005 关于使用自有资金、自有外汇及银行承兑汇票 等方式支付募投项目部分款项并以募集资金 等额置换的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 （证监许可〔2024〕1900号），公司获准向社会公开 发行人民币普通股（A股）4,000万股，发行价格为93.50元/股，募集资金总额 后，公司本次募集资金净额为3,526,941,817.64元，其中超募资金为522,576,117.64 元。募集资金已全部到位，立信会计师事务所（特殊普通合伙）对上述募集资金 到位情况进行了审验，并出具了《验资报告》（信会师报字【2025】第ZG11555 号）。 为规范募集资金管理和使用，保护投资者权益，公司已对募集资金进行专户 存储，并与募集资金专项账户开户银行、保荐机构签订了《募集资金三方监管协 议》。 二、募集资金投资项目情况 根据《黑龙江天有为电子股份有限公司首次公开发行股票并在主板上市招股 说明书》及《黑龙江天有为电子股份有限公司关于变更部分募投项目暨使用部分 超募 ...