每经记者｜蔡鼎 每经编辑｜杨夏 四维智联申请文件援引弗若斯特沙利文资料称，2024年，公司在所有国内一级智能座舱解决方案供应商 中排名第十，占市场份额的0.1%，并在全球以软件为驱动的中国一级供应商中排名第三，而公司的舱 泊一体解决方案的服务量在全国排名第二。 港交所官网7月10日显示，四维智联（南京）科技股份有限公司（以下简称"四维智联"）递交了修订后 的整体协调人公告，公司于当日在现有保荐人兼整体协调人中信里昂的基础上，进一步委任招银国际融 资有限公司及软库中华金融服务有限公司为其整体协调人。 《每日经济新闻》记者注意到，这是近期以来第二家内地拟赴港上市的智能座舱企业——就在6月30 日，镁佳股份也首次呈交了港股上市申请文件。 纵观四维智联申请文件，公司虽身处千亿级赛道，但只分到0.1%的份额，营收连续三年卡在5亿元关 口，且三年累计亏损了近8.5亿元。此外，虽有控股股东四维图新"输血"，但四维智联去年的研发支出 就"吃掉"了近半收入，芯片成本又居高不下，经调整净亏损三年增长约8.8倍。 四维智联成立于2018年，由A股上市公司四维图新智能网联业务分拆独立，主营智能座舱软硬件全栈解 决方案，涵盖AI（人工 ...

Group 1 - The core viewpoint is that Siwei Zhiliang, a subsidiary of Siwei Tuxin, has submitted an application for a mainboard listing on the Hong Kong Stock Exchange, aiming to raise funds to establish independent production capacity and enhance R&D capabilities [2] - Siwei Zhiliang was established in 2018 and specializes in providing full-stack solutions for intelligent cockpit software and hardware, including AI assistants and interactive systems [2] - The company ranks tenth among domestic first-tier suppliers in 2024 with a market share of 0.1%, while its integrated cockpit solution service volume ranks second nationwide [2] Group 2 - Siwei Zhiliang's financial performance has been under pressure, with revenues of 539 million yuan, 477 million yuan, and 479 million yuan from 2022 to 2024, accumulating losses of 847 million yuan over three years [2] - The net loss is expected to widen to 378 million yuan in 2024, primarily due to an increase in R&D expenditure from 21% to 43.8% and high outsourcing costs for hardware [2] - The top five customers contributed 92.2% of Siwei Zhiliang's revenue in 2024, with Siwei Tuxin and Didi being the largest contributors [2] Group 3 - Industry analysts believe that Siwei Zhiliang is facing three pressures: ongoing operational losses, upstream chip monopolies, and excessive reliance on major customers [3] - Balancing high R&D investment with the exploration of profitable pathways is seen as crucial for Siwei Zhiliang's potential success in its IPO [3]

Core Viewpoint - Four-dimensional Zhihui, a subsidiary of Four-dimensional Tuxin, has submitted its IPO application to the Hong Kong Stock Exchange, aiming to navigate the reshuffling in the intelligent connected vehicle industry while facing significant financial challenges [2]. Group 1: Company Overview - Four-dimensional Zhihui, established in 2018, focuses on providing comprehensive software and hardware solutions for intelligent cockpits, including AI assistants and navigation systems [3]. - The company ranks tenth among domestic primary intelligent cockpit solution providers, with a market share of only 0.1% [2]. Group 2: Financial Performance - From 2022 to 2024, Four-dimensional Zhihui is projected to incur cumulative losses of 847 million yuan, averaging annual losses of 280 million yuan, with an operating cash flow of only 89.88 million yuan in 2024 [2][4]. - Revenue figures for Four-dimensional Zhihui from 2022 to 2024 are 539 million yuan, 477 million yuan, and 479 million yuan, respectively, while losses increased from 203 million yuan to 378 million yuan during the same period [4]. Group 3: Customer Dependency - The company has a high customer concentration, with the top five clients contributing to 92.2% of revenue by 2024, including major shareholders like Four-dimensional Tuxin and Didi [4]. - Didi alone contributed approximately 1.726 billion yuan to Four-dimensional Zhihui's revenue in 2024, accounting for 37.2% of total revenue [4]. Group 4: Research and Development - Four-dimensional Zhihui's R&D expenditures from 2022 to 2024 were 113.1 million yuan, 103.4 million yuan, and 209.6 million yuan, with R&D spending as a percentage of revenue rising from 21% to 43.8% [5]. - The company is focusing on solutions based on computing power chips, indicating a commitment to maintaining high R&D investments amid increasing competition in the intelligent cockpit sector [5]. Group 5: Supply Chain and Production - Four-dimensional Zhihui relies heavily on external suppliers for hardware production, which affects its profitability and production quality [6]. - The company aims to establish its own assembly factory to enhance control over production processes and reduce dependency on external suppliers, thereby lowering production costs and supply chain risks [7].

下一步，贵阳将进一步深化与百度智能云的合作，立足于服务交通民生工作，不断开展创新实践。目 前，贵阳正积极探索应用百度智能云交通大模型，以语言大模型、CV大模型、跨模态大模型支撑全域 研判、全域信控、安全防控、数字应用四大类场景。未来，贵阳将与百度智能云携手，以创新技术手 段，逐步迈向全域智能控制体系，形成交通治理新体系、新范式。 数据来源：百度 （文章来源：人民日报） 贵州省贵阳市地处云贵高原，是典型的山地城市，城市空间被3条山脉分割，形成了"双核多组团"的中 心城区空间结构。受地形地势限制，城市道路基础设施相对薄弱，路网密度仅为6.5公里/平方公里。 《中国重点城市道路网结构画像报告》指出，贵阳路网连通度低、断头路多、异形交叉口占比高、接入 位阶差≥4的路段占比高、道路网承载密度低。城市道路抗干扰能力差，易发生拥堵且拥堵消散时间 长。 2023年底，贵阳与百度智能云联合打造区域AI信控系统，并落地贵阳市观山湖区。依托交通态势研判 平台，深入分析试点区域内交通运行规律，借助大数据分析技术，精准定位关键常态拥堵路口、路段以 及交通子区。以缩短高峰行程时间为控制目标，设计区域内的单点自适应、干线协调和多干线的区域 ...