Core Viewpoint - Easy Vision (Hangzhou) Technology Co., Ltd. is entering the inquiry stage for its IPO on the Sci-Tech Innovation Board, aiming to leverage its leading position in the automotive machine vision equipment sector and expand into new application areas such as rail transit and aviation [3]. Financial Performance - Revenue projections for Easy Vision from 2022 to 2024 are 223 million yuan, 355 million yuan, and 392 million yuan respectively [3]. - Net profit attributable to the parent company for the same period is expected to be 6.40 million yuan, 61.04 million yuan, and 85.46 million yuan respectively [3]. - Total assets as of December 31, 2024, are projected to be 703.56 million yuan, with equity attributable to shareholders at 477.47 million yuan [4]. - The company’s revenue for 2023 is reported at 354.87 million yuan, with a net profit of 57.75 million yuan [4]. Shareholder Structure - The actual controller of the company is Guo Yin, who directly holds 12.27% of the shares and indirectly controls a total of 56.13% through various entities [5]. - Guo Yin has been serving as the executive director and general manager since the company's establishment [5]. Management Compensation - Guo Yin's salary for 2024 is reported at 82,500 yuan, while the financial officer and board secretary, Cui Pengfei, earns 637,800 yuan [8][11]. - Other key management personnel have varying compensation, with the total reported for the last year being 472.66 thousand yuan [11].

Core Insights - The company achieved a revenue of 662 million yuan in 2024, representing an 18.04% year-on-year growth, and a net profit of 66.3 million yuan, with a non-recurring net profit of 55.1 million yuan, reflecting a 12.17% increase [1] - The company focused on optimizing and upgrading key products in software, hardware, and production processes, fully integrating AI algorithms to enhance efficiency and reduce costs while exploring new market opportunities [1][2] - The company's Malaysian factory has begun mass production, steadily increasing capacity and improving customer service efficiency, which is beneficial for expanding into overseas markets [1][2] Product and Technology Development - The company has fully integrated AI algorithms into key products, significantly enhancing product performance, particularly in SMT appearance defect detection and semiconductor packaging processes [2] - New machine vision equipment has been developed, including dual-sided 3D AOI and side camera AOI models, which have received international IPC certification, showcasing the company's technological strength [1][2] - The semiconductor AOI detection equipment has gained recognition from leading customers in high-precision detection fields, resulting in sales and repeat orders [2] Market Expansion and Global Strategy - The company is actively expanding into the semiconductor packaging and dispensing application sectors, with a focus on meeting diverse industry needs through various self-developed equipment models [2] - The establishment of branches in Japan, Singapore, and the Czech Republic has created a global service network, effectively mitigating geopolitical risks and responding to localized supply chain demands [2] - The company maintains a commitment to technological innovation and quality, with its products widely used across critical sectors of the national economy, establishing a strong brand image in the industry [3]