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].

Group 1 - The company announced the acquisition of 40% of Jiangsu Xintongda Electronic Technology Co., Ltd. for 94.05 million yuan [1] - The total equity valuation of Xintongda is 277 million yuan as of December 31, 2024 [1] - Following the transaction, the company will hold 40% of Xintongda, while other shareholders will see their stakes reduced or eliminated [1] Group 2 - Xintongda specializes in the research, design, production, and sales of automotive electronics, primarily automotive instruments [1] - The acquisition is expected to enhance the company's overall competitive strength in the industry and aligns with its development strategy [1] - The funding for the acquisition will come from self-raised funds, which will not adversely affect the company's ongoing operations or financial condition [1]

Core Viewpoint - Tianyouwei Electronics Co., Ltd. has successfully entered the capital market with its IPO, achieving a high issuance price and significant market capitalization, reflecting its strong performance and growth potential in the automotive electronics sector [1][10]. Company Overview - Tianyouwei is a leading player in the automotive electronics instrument sector in China, recently listed on the Shanghai Stock Exchange with an issuance price of 93.5 yuan per share, the highest for new stocks in the A-share market this year [1]. - The company reported revenues of 19.72 billion yuan, 34.37 billion yuan, and 44.65 billion yuan for 2022 to 2024, with net profits of 3.97 billion yuan, 8.43 billion yuan, and 11.36 billion yuan respectively, indicating significant growth [1]. Market Position - Tianyouwei has established partnerships with numerous well-known automotive manufacturers, including Hyundai, BYD, and Changan, and has seen its domestic market share increase from 9.78% in 2022 to 12.16% in 2024 [2]. - The company’s international sales revenue as a percentage of main business income has grown from 47.06% in 2022 to 53.60% in 2024, with global market share increasing from 3.71% in 2021 to 5.31% in 2023 [2]. Technological Development - The company has invested heavily in R&D, with expenditures rising from 84.58 million yuan in 2022 to 163.57 million yuan in 2024, and has built a strong team of 1,220 R&D personnel [4][5]. - Tianyouwei has developed 134 domestic patents and has achieved significant technological advancements, including a complete design process from microcontroller architecture to full LCD instruments [5]. Cost Management - The company benefits from lower land and labor costs in its production base in Heilongjiang Province, which helps reduce overall production costs and expand profit margins [6]. Industry Trends - The automotive electronics market in China is projected to grow from 110.4 billion USD in 2021 to 148.6 billion USD by 2026, with the automotive instrument market expected to reach 32 billion yuan by 2025 [7][9]. - The shift towards smart cockpits and the integration of IT and AI technologies in vehicles is anticipated to drive further growth in the automotive electronics sector, with the smart cockpit market expected to exceed 160 billion yuan by 2030 [9]. Future Plans - The company plans to use over 3.5 billion yuan raised from its IPO to invest in five major projects, including the construction of a smart cockpit production base [10][11].

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 ...

2025年4月24日，汽车仪表"隐形冠军"——天有为正式登陆上交所主板（证券代码：603202），以93.5元/股的发行价，为目前A股市场年内发行价最高的新 股，也是近14个月来发行价最高的新股。首日开盘股价即飙升至140元，涨幅达49.73%，市值突破220亿元。 从仪表供应商到智能座舱整合者 天有为的第二曲线想象空间 随着中美贸易摩擦长期化，中国制造业正加快"自主可控"步伐，核心技术国产替代步伐显著提速。汽车电子作为车用信息化的中枢系统，是汽车"智能化大 脑"的核心。天有为在液晶仪表、光学贴合、双联屏等方向不断打破海外技术垄断，逐步实现国产替代。 天有为深耕汽车仪表行业20年，积累了丰富的行业经验和技术优势，凭借其深厚的技术积累、优质的客户资源以及精准的战略布局，正逐渐崭露头角，成为 行业内备受瞩目的企业。 作者：七佰 天有为在技术研发方面投入巨大，拥有三大研发中心和EMC实验室。截至2024年6月30日，其已取得专利135项，其中发明52项、国际专利1项，获得软件著 作权18项，年均申请专利超50项，转化成700余种产品，研发人员占比达31%，技术密度在国产汽车电子企业中位列前15%。 尤其在复合屏技术 ...

Core Insights - Shenzhen Hangseng Electronics Co., Ltd. and Beijing Four-Dimensional Map Technology Co., Ltd. signed a strategic cooperation agreement to enhance automotive intelligence technology and industry upgrades [1][3] Group 1: Strategic Cooperation - The partnership will leverage the technical strengths of both companies, focusing on advanced driver assistance systems, intelligent cockpits, big data platforms, and manufacturing [1][3] - A joint research and development team will be established to innovate in areas such as chip design, combined driver assistance systems, and AI model applications [4] Group 2: Technological Collaboration - Both companies will collaborate on next-generation chip development, exploring innovative industry cooperation models and promoting joint technology and business initiatives [4] - In the intelligent cockpit sector, they will work on software applications, cloud services, and AI model applications to create user-centric solutions [4] Group 3: Manufacturing and Supply Chain - Hangseng will provide high-quality manufacturing support to Four-Dimensional Map, enhancing production capacity and delivery efficiency [4] - The collaboration aims to create a full lifecycle competitive advantage covering research, production, delivery, and recycling in the smart automotive supply chain [4][5] Group 4: Future Outlook - The partnership seeks to redefine traditional supply chain collaboration by establishing a new industry relationship characterized by technological symbiosis, capacity resonance, and data sharing [5] - The goal is to provide automotive companies with comprehensive capabilities from chips to cloud services, enhancing safety and intelligence in user travel experiences [5]