苏州豪米波成立于2016年，是一家以高层次人才为核心团队的高科技企业，专注于4D毫米波雷达、UWB传感器、相机融合 技术等智能感知领域，为汽车厂提供ADAS智能辅助驾驶系统及无人立体交通控制系统解决方案，已切入奇瑞、广汽丰田、 江淮等主机厂供应链。财务数据显示，该公司2024年实现营业收入869.56万元，净亏损5921.08万元；2025年1-9月营业收入 增长至3379.45万元，净亏损收窄至4358.69万元，目前仍处于亏损状态，主要系研发投入较大所致。本次交易以2025年9月 30日为评估基准日，经坤元资产评估有限公司评估，苏州豪米波股东全部权益评估价值为3.547亿元，交易定价以该评估结 果为基础协商确定，投前估值略低于评估价。 天龙股份表示，本次交易符合公司向硬科技发展的战略规划，顺应汽车产业智能化趋势。交易双方将形成显著协同效应： 业务层面，天龙股份的精密制造能力可赋能苏州豪米波产品量产，苏州豪米波的智能感知技术能推动公司产业升级；渠道 层面，天龙股份可借助苏州豪米波直接触达主机厂采购需求，苏州豪米波则能通过天龙股份的国际供应商体系拓展海外市 场。通过本次交易，公司将从汽车零组件供应向智能感知部 ...

专题：2025《中国企业家》影响力企业家年会 郑道勤在演讲中介绍，公司的自研激光雷达相机，是传统可见光毫米波雷达和激光雷达可视化激光多传 感器的融合，具有颠覆性的突破。 概括下来，有三大优势，他表示，第一，是在成像端底层统一舱位融合，第二，是能够做到全场景、全 测量、全识别、全天候。第三，不仅单车采购成本，而且整个智能驾驶算法的开发成本会显著降低。 "因为你不需要做融合了，不需要做对齐、判定、全能分析了，这可以节省极大的人工，极大的算力。" 谈及产品名字，郑道勤坦言"还没有想好"。"因为华为把LibrA命名为可视化激光，我们这个技术叫激光 成像，基于高时间分辨的空间推扫计算光学技术，所以我们现在也在想名字，空间计算光学相机、空间 推扫成像相机，或者空间智能相机。但是毫无疑问，这是目前一款既能成像又能测距，又能抗干扰，抗 各类强光眩光、雨雾天气干扰的一个新型的技术路线。" 现在空间智能也比较火，在他看来，空间计算光学将会有力的支撑空间智能，提供源源不断的切片数 据，有语义信息、有距离信息、有深度图，同时又能够抗强光眩光干扰。"我们也希望和大家探讨，共 同把这个好的技术用好，技术我们不求所有，但求所用。" 此外， ...

郑道勤在演讲中介绍，公司的自研激光雷达相机，是传统可见光毫米波雷达和激光雷达可视化激光多传 感器的融合，具有颠覆性的突破。 概括下来，有三大优势，他表示，第一，是在成像端底层统一舱位融合，第二，是能够做到全场景、全 测量、全识别、全天候。第三，不仅单车采购成本，而且整个智能驾驶算法的开发成本会显著降低。 "因为你不需要做融合了，不需要做对齐、判定、全能分析了，这可以节省极大的人工，极大的算力。" 谈及产品名字，郑道勤坦言"还没有想好"。"因为华为把LibrA命名为可视化激光，我们这个技术叫激光 成像，基于高时间分辨的空间推扫计算光学技术，所以我们现在也在想名字，空间计算光学相机、空间 推扫成像相机，或者空间智能相机。但是毫无疑问，这是目前一款既能成像又能测距，又能抗干扰，抗 各类强光眩光、雨雾天气干扰的一个新型的技术路线。" 现在空间智能也比较火，在他看来，空间计算光学将会有力的支撑空间智能，提供源源不断的切片数 据，有语义信息、有距离信息、有深度图，同时又能够抗强光眩光干扰。"我们也希望和大家探讨，共 同把这个好的技术用好，技术我们不求所有，但求所用。" 此外，郑道勤还提到，华为是公司最大的客户之一，为华为 ...

格隆汇12月3日丨星宸科技(301536.SZ)在投资者互动平台表示，公司的智能感知业务线借由3D ToF技术 已开发面向商用低空经济设备、消费级无人机等领域的产品。 ...

中证报中证网讯(记者罗京)11月27日，福莱新材（605488）在上海举行第三代电子皮肤新品发布暨投资 者交流会，正式推出集成"柔性材料+芯片+算法+大模型"的新一代触觉传感系统。 公司董事长夏厚君在发布会上表示，面对全球人工智能发展浪潮，福莱新材积极推动业务升级，以"电 子皮肤"产品为核心载体，开辟了以智能感知为代表的第二增长曲线。 公司表示，目前国内外已有数十家合作客户，部分客户已明确提出批量订单需求。 在资本运作方面，公司再融资项目已进入交易所问询阶段，并已提交问询函回复材料。据了解，公司本 次定增募投项目的建设内容包括标签标识印刷材料和电子级功能材料的扩产升级、研发中心升级项目以 及补充流动资金，募集总额为7.07亿元。 福莱新材表示，公司作为国内喷墨打印复合材料行业首家实现基膜、胶水、涂布一体化的企业，依 托"产业一体化、应用多元化"战略，持续强化产业链协同与多元化应用能力，构筑差异化竞争优势。同 时，通过研发中心升级项目强化公司核心研发能力，为主业发展提供持续创新动力，推动产品技术升 级。随着公司经营规模的不断扩大，对资金的需求日益增加，本次定增将为公司后续发展提供有力保 障，提升公司市场竞争力， ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has published supplementary material requirements for overseas listing applications, specifically addressing Shenzhen Huanchuang Technology Co., Ltd. (Huanchuang Technology) regarding the rationality of recent shareholder investment prices and other compliance issues [1][2]. Group 1: Regulatory Requirements - CSRC has requested Huanchuang Technology to clarify the rationality of the investment prices of new shareholders over the past 12 months, including reasons for any discrepancies and potential related-party transactions [1]. - The company must explain inconsistencies between the proposed listing plan and the materials submitted, as per the regulatory guidelines [1]. - A legal opinion is required regarding the fairness of the stock incentive plan's pricing and any potential related-party transactions [1]. Group 2: Company Overview - Huanchuang Technology is a global leader in high-precision spatial perception solutions, utilizing AI technology to build intelligent spatial perception systems for smart robots [2]. - According to ZhiShi Consulting, the company is a top player in the global market for spatial perception solutions for robotic vacuum cleaners, maintaining a market share of over 50% in laser radar products with an estimated shipment of 8 million units in 2024 [2]. - Since its establishment, Huanchuang Technology has shipped a total of over 25 million units, with continued robust growth in the first half of 2025, achieving total shipments of over 5 million laser radars and 2 million line laser sensors [2].

Core Viewpoint - Recent significant shareholding increases by Vanguard and BlackRock in SUTENG demonstrate confidence in the potential of China's intelligent driving and robotics industry, highlighting SUTENG's core competitiveness in digital lidar technology and its commercial applications [2][8]. Shareholding Changes - Vanguard increased its stake in SUTENG by 14.0378 million shares, reaching a holding ratio of 2.97%, becoming the fourth-largest shareholder [3]. - BlackRock has continuously increased its holdings over four quarters, now owning 4.2657 million shares, making it the sixth-largest shareholder [3]. Industry Trends - Digital lidar is emerging as the future direction in intelligent perception, with SUTENG leading this technological transformation through chip-based architecture that enhances performance, cost, and reliability [4]. - SUTENG has achieved full-chain self-research in lidar technology, receiving AEC-Q100 automotive-grade certification, and has delivered 1 million vehicle-mounted lidar units, becoming the first company to reach this milestone globally [4]. Robotaxi Market - SUTENG's unique technological barriers are validated by its success in the Robotaxi market, where it has partnered with over 90% of L4 autonomous driving companies [5]. - The company’s solid-state digital lidar E1 and EM4 are preferred configurations for leading Robotaxi firms, with plans for mass production by the end of 2025 [5]. Robotics Sector - SUTENG is evolving from a lidar hardware supplier to a comprehensive robotics perception solution provider, launching the Active Camera series to meet the growing demand for high-precision, multi-modal perception in robotics [6]. - The company has established partnerships with over 3,200 clients in various verticals, achieving a significant increase in lidar sales for robotics, with a year-on-year growth of 631.9% [7]. Financial Outlook - Long-term investments from Vanguard and BlackRock reflect confidence in SUTENG's growth trajectory, with projections indicating substantial increases in revenue from both automotive and robotics sectors [7]. - Forecasts suggest SUTENG's revenue will reach 2.5 billion yuan, 3.42 billion yuan, and 4.58 billion yuan in 2025, 2026, and 2027, respectively, representing year-on-year growth rates of 51%, 37%, and 34% [7]. Market Growth Potential - As digital lidar penetration in automotive intelligence increases and the robotics industry commercializes, SUTENG is positioned to benefit from rapid growth in both markets, supported by long-term capital investments [8].

Core Insights - The "Chengdu Industrial Investment 28 Plan" was officially launched on October 27, marking a systematic practice aimed at future industrial development through institutional innovation [2][3] - Chengdu has initiated a 100 billion yuan future industry fund, with the first phase of the venture capital fund exceeding 10 billion yuan, focusing on key future industries such as artificial intelligence and semiconductors [2][3] - The plan aims to create a vertical investment service platform for future industries, fostering a collaborative ecosystem of policy, capital, and industry [3][4] Fund Details - The future industry venture capital fund has a scale of 6.5 billion yuan and a duration of 15 years, managed by Chengdu's Sci-Tech Investment Group [2] - The first batch of projects signed under this fund involves a total investment of nearly 500 million yuan, covering critical sectors like new materials and humanoid robots [2] Investment Strategy - The "28 Plan" emphasizes early and small investments in future industries, with a focus on nurturing a competitive ecosystem from seed stage to IPO [3][4] - The plan is structured around a modern industrial system of "9+9+10," which includes nine key advantageous industry clusters, nine strategic emerging industry clusters, and ten future industry segments [3] Service Framework - The "12345" service system outlines the core approach of the "28 Plan," focusing on future investments, two types of funds, three key stages of project development, four foundational principles, and five specialized services [4][5] - The "Invest Chengdu" future industry investment alliance has been established to enhance collaboration across various sectors, providing comprehensive lifecycle support for future industry enterprises [5] Future Outlook - The next "28 Plan" open day is scheduled for November 28, with project recruitment already underway, indicating ongoing engagement with entrepreneurs [5][6] - Chengdu aims to transform past successes into consistent future outcomes, targeting a golden era of returns over the next decade [6]

Core Insights - Chengdu is transforming its investment success story into a replicable ecosystem through the launch of the "Chengdu Industrial Investment 28 Plan" and the establishment of a future industry fund [1][3][9] Group 1: Future Industry Fund - Chengdu has launched a future industry fund with an initial scale exceeding 10 billion yuan, which includes a 6.5 billion yuan venture capital fund with a 15-year duration [1] - The fund is managed by Chengdu Industrial Investment Group's subsidiary, Chengdu Science and Technology Investment Group, focusing on professional and market-oriented operations [1] - The first batch of projects signed under this fund includes 15 projects with a total investment of nearly 500 million yuan, covering key sectors such as artificial intelligence, semiconductors, and new materials [1][3] Group 2: "Chengdu Industrial Investment 28 Plan" - The "Chengdu Industrial Investment 28 Plan" aims to create a startup ecosystem focused on future industries, emphasizing early investment and nurturing a competitive industrial landscape [4][9] - The plan is structured around a modern industrial system of "9+9+10," which includes nine advantageous industrial clusters, nine strategic emerging industries, and ten future industry segments [5][6] - The plan's implementation is supported by a "12345" service system, which includes two funds targeting different project stages and five key service features to support startups [8] Group 3: Ecosystem Development - The plan aims to foster collaboration among government agencies, research institutions, industry associations, and financial capital to enhance the industrial chain and provide comprehensive lifecycle services for future industry enterprises [8] - The initiative is expected to turn Chengdu's past investment successes into a systematic approach for future growth, with a focus on achieving significant returns over the next decade [9]

Core Insights - The 20th Central Committee of the Communist Party emphasizes the need to optimize traditional industries and cultivate emerging and future industries, with a focus on future industry development [1] - Chengdu has launched a billion-level future industry fund, with the first batch of projects signed totaling nearly 500 million yuan, covering key sectors such as artificial intelligence, semiconductors, and humanoid robots [1][3] Group 1: Future Industry Fund - The future industry venture capital fund, part of the billion-level future industry fund, officially started on October 17, with an initial scale exceeding 10 billion yuan [3] - The fund is managed by Chengdu Chuangtou Group, responsible for due diligence, investment decisions, and post-investment management, ensuring professional and market-oriented operations [3] Group 2: "Chengdu Investment 28 Plan" - The "Chengdu Investment 28 Plan" is designed to focus on future industries, aiming to cultivate a robust entrepreneurial ecosystem [5] - The plan encompasses a full lifecycle cultivation system from seed stage to IPO, utilizing a dual approach of direct investment and sub-funds to maximize investment opportunities [6] Group 3: Industry Ecosystem and Collaboration - The "Investment Chengdu" future industry investment alliance has been established to connect various resources, including government, research institutions, and financial capital, to enhance collaboration across the industry chain [7] - The next "Chengdu Investment 28 Plan" open day is scheduled for November 28, with project collection channels now open, encouraging entrepreneurs to participate [7]