创投圈夫妻俩轮流 IPO 的一幕发生。 2019 年，网易有道在纽交所上市， CEO 周枫上市敲钟，其清华学霸妻子庄莉为丈夫站台引发关注。 而近日，庄莉的公司 —— 镁佳股份，揣着估值将近 10 亿美金（ 66 亿多人民币）的准独角兽也要去港交所上市了。这下轮 到周枫当家属去敲锣了。 五轮融资催生"准独角兽"。 作者丨 黎曼 来源丨 投中网 一旦上市成功，这对相继 IPO 的夫妻，称得上是中国科技界最强夫妻档。 将投中网设为"星标⭐"，第一时间收获最新推送 庄莉曾对媒体谈及多年夫妻关系时形容："我一直觉得比较健康的夫妻关系应该是在一起的时候天下无敌，分开的时候各自精 彩的平衡关系。" 且 "不会把生活和工作混在一起。有烦恼的时候，始终有一个人在听，而且他扛得住，还能帮你出点主 意。" 镁佳股份确实有着 令人惊叹的商业成绩： 2024 年，中国每十辆搭载智能座舱域控系统的新车中，就有一辆使用镁佳股份的 解决方案，装机量稳居行业第二。 四年本科学习后，庄莉以第一名成绩毕业，被称为清华女神。在获得计算机应用技术硕士学位后，庄莉与男友周枫一起选择远 赴加州大学伯克利分校计算机系读博，研究方向覆盖分布式系统、操作系统、 ...

Core Viewpoint - The company, Junsheng Electronics, has achieved significant growth and global presence in the automotive parts industry, with a record order intake and plans for an IPO in Hong Kong to enhance its international capital platform [1][12]. Group 1: Business Performance - In 2024, Junsheng Electronics reported a revenue of 55.86 billion, with new orders reaching 83.9 billion, marking a 13.8% increase from 73.7 billion in 2023 [3]. - The company’s net profit attributable to shareholders increased by 27.7% to 1.28 billion, showcasing a robust performance despite market fluctuations [8]. - The gross profit margin improved by 1.8 percentage points to 16.3%, driven by the automotive safety and electronics segments [8]. Group 2: Strategic Advantages - Junsheng Electronics has a strong order reserve, with over 55% of new orders coming from the new energy sector, providing a solid performance cushion for the next 3-5 years [3]. - The company ranks fourth globally in the intelligent cockpit domain and is the second-largest supplier in automotive safety, benefiting from high technical and compliance barriers [4]. - The company is expanding into the robotics sector, leveraging its automotive technology to create a new growth avenue [5]. Group 3: Globalization and Market Position - In 2024, 76% of the company’s revenue came from overseas markets, supported by a network of 19 R&D centers and over 50 production bases worldwide [6]. - The company’s strategic restructuring in Europe aims to optimize costs and enhance long-term profitability, despite short-term impacts on net profit [9][10]. - Junsheng Electronics is positioned to capitalize on the global shift towards intelligent automotive solutions, enhancing its competitive edge [12]. Group 4: Future Prospects - The upcoming IPO in Hong Kong is expected to provide necessary capital for expanding production bases in Southeast Asia and developing cloud supply chain systems [13]. - The company aims to strengthen its brand influence and international identity through the dual listing strategy, enhancing its market position [13]. - Junsheng Electronics is transitioning from a "market for technology" model to a "technology export" strategy, reflecting the evolution of the Chinese automotive supply chain [12].

点 击 蓝 字 关 注 我 们 本文全文共 4292 字，阅读全文约需 14 分钟 目录 国内新闻 1.中国一汽集团成立新公司 含AI及机器人业务 2.别克逍遥架构新一代智舱首发 3.东风汽车成立新公司 聚焦整合资源做强自主乘用车事业 4.雷克萨斯新能源项目在上海市金山区正式开工 5.理想汽车全国首座穿梭超充旗舰站落地 6.宁德时代计划将换电技术引入欧洲 7.广汽集团泰国电池服务中心开业 加速出海 8.盖瑞特武汉创新中心揭幕 加速零排放布局 1.美国6月新车销量预计将同比增长2.5% 2.日本重申无法接受美国对进口汽车加征25%关税 3.特斯拉推虚拟排队系统 解决超充桩供不应求 4.宝马坚持内燃机研发 同时推进电动化进程 1. 客车高端化再进一步 宇通天域S12西安上市 2. 新央企首款新车 长安凯程V919全球上市 3. 一汽解放晋蒙新能源千辆竞发 4. 三一电动重卡亮相迪拜新能源车展 国内新闻 1 中国一汽集团成立新公司 含AI及机器人业务 时间:2025.6.27 来源:易车原创报道 作者: 文昊YC 近日，据企查查数据显示，一汽旗新动力 (长春) 科技有限公司成立，注册资本5亿元，由中国一汽集团间 接 ...

公司报告 | 首次覆盖报告 均胜电子（600699） 证券研究报告 国内领先智能汽车 Tier1，机器人打开新增长点 均胜电子是全球领先的汽车电子解决方案和汽车安全解决方案提供商。 公司于 2011 年在上交所上市，先后续收购多家企业助力自身产品研发； 在 2021 年成立智能汽车科技研究院和先进新能源研究院进行创新研究； 目前，均胜电子已经在智能座舱、智能驾驶、新能源管理和汽车安全系统 上占据全球领先地位，并逐步将汽车业务优势延伸至机器人领域。 抓住新订单规模增长势头，稳步推进安全业务产能深化。 24 年汽车安全业务新获定点项目的全生命周期金额约 574 亿元，规模创 历史新高，中国、亚太、欧洲区业务超出预期，市场地位持续增长，尤其 是在日本区域重新获得日系客户规模化订单。同时公司也在积极扩充产能， 公司汽车安全合肥新产业基地第一期项目已于 2023 年下半年正式完工 投产，该智能制造基地包括研发中心、测试验证实验室、乘用车方向盘以 及安全气囊生产中心等，全部建成后预计将实现方向盘 400 万件/年，安 全气囊 1,000 万件/年的产能。 公司逐渐扩大自身生态圈，斩获智驾订单。 基于目前的芯片平台，公司将 ...

6月13日，博泰车联网科技（上海）股份有限公司（以下简称"博泰科技"）在中国证监会完成港股上市备案，拟发行不超过1211.42万股境外上市普通股，并 在香港联合交易所主板上市。 据了解，博泰科技成立于2009年，以"软件+硬件+云端"全栈模式切入汽车智能化赛道，是中国较早布局车联网的企业之一，其核心业务聚焦于智能座舱域 控制器、车联网系统及云端服务，覆盖从芯片适配到操作系统开发的全链条技术能力。 截至2024年末，博泰科技累计交付智能座舱产品超440万套，在新能源汽车智能座舱域控制器市场以11.9%的市占率位居本土厂商第二。 从财务表现看，博泰科技近3年营收呈现高速增长态势，2022-2024年分别实现12.18亿元、14.96亿元和25.57亿元，年复合增长率达44.9%。这一增长主要源 于新能源汽车市场的爆发。2024年中国新能源车渗透率突破50%，智能座舱搭载率升至72.6%，推动其域控制器出货量从2022年的52万套增至2024年的91.5 万套，高端产品均价更是从2023年的991元跃升至2141元。 | | | | 截至12月31日止年度 | | | | | --- | --- | --- | - ...

Group 1: Company Strategy and Market Position - The company aims to strengthen customer cooperation and expand high-quality domestic and international customer resources to enhance market share [2][3] - Focus on cost control through a low-cost strategy and improving operational quality across the entire value chain [2][3] - Emphasis on R&D in "lightweight, electrification, intelligence, and connectivity" to accelerate product transformation and upgrade [2][3] Group 2: Financial Performance and Management - In Q1 2025, the company reported a revenue of CNY 3.627 billion, a decrease of 3.64% year-on-year, while net profit increased by 0.26% to CNY 163 million [11] - In 2024, the company achieved a revenue of CNY 16.468 billion, a growth of 3.95%, with net profit rising by 11.93% to CNY 676 million [12][13] - The net cash flow from operating activities increased by 961.69% in 2024, attributed to improved cash management practices [14] Group 3: R&D and Product Development - The company plans to increase R&D investment in 2025, focusing on core technologies such as chassis systems and electric systems [15] - The company has successfully developed electric control shock absorbers, leading to significant revenue growth and market share in this segment [6][9] Group 4: Market Expansion and Order Growth - In 2024, the company secured 307 new orders, with external market orders accounting for 48% of total revenue, and over 80% of new energy orders [8] - The company’s strategy includes differentiated market expansion tactics tailored to various customer groups to achieve significant order growth [8] Group 5: Industry Trends and Challenges - The automotive parts industry is rapidly transforming towards electrification, intelligence, connectivity, and low-carbon solutions, requiring stronger R&D capabilities [9][10] - The company aims to adapt to these changes by enhancing its core competencies and maintaining a flexible operational strategy [10]

均胜电子(600699) 报告日期：2025 年 05 月 22 日 证券研究报告 | 公司深度 | 汽车零部件 全球汽车安全+电子头部 Tier 1，人形机器人有望打开成长空间 ——均胜电子深度报告 投资要点 | [Table_Forcast] (百万元) | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | | 营业收入 | 55,864 | 64,530 | 66,450 | 71,023 | | (+/-) (%) | 0.2% | 15.5% | 3.0% | 6.9% | | 归母净利润 | 960 | 1,534 | 1,833 | 2,161 | | (+/-) (%) | -11.3% | 59.7% | 19.5% | 17.9% | | 每股收益(元) | 0.7 | 1.1 | 1.3 | 1.5 | | P/E | 28.4 | 17.8 | 14.9 | 12.6 | | ROE | 4.9% | 7.4% | 8.2% | 8.9% | 资料来源：Wind，浙商证券研究所 投资评级: 买入(维持) 分析 ...

证券研究报告 | 公司深度 | 汽车零部件 均胜电子(600699) 报告日期：2025 年 05 月 22 日 全球汽车安全+电子头部 Tier 1，人形机器人有望打开成长空间 ——均胜电子深度报告 投资要点 | [Table_Forcast] (百万元) | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | | 营业收入 | 55,864 | 64,530 | 66,450 | 71,023 | | (+/-) (%) | 0.2% | 15.5% | 3.0% | 6.9% | | 归母净利润 | 960 | 1,534 | 1,833 | 2,161 | | (+/-) (%) | -11.3% | 59.7% | 19.5% | 17.9% | | 每股收益(元) | 0.7 | 1.1 | 1.3 | 1.5 | | P/E | 28.4 | 17.8 | 14.9 | 12.6 | | ROE | 4.9% | 7.4% | 8.2% | 8.9% | 资料来源：Wind，浙商证券研究所 投资评级: 买入(维持) 分析 ...

Core Viewpoint - In Q1 2025, the company's revenue, net profit attributable to shareholders, and net profit excluding non-recurring items were 188 million yuan, 5 million yuan, and 3 million yuan, respectively, representing year-on-year changes of +11.90%, -33.76%, and -54.01%. The profit decline was mainly due to rising prices of raw materials such as copper. Looking ahead, the commercial generator business is expected to benefit from downstream demand recovery and accelerated expansion in exports and after-sales services. The electronic vacuum pump business is anticipated to achieve steady growth due to the domestic electrification trend and the transformation of major customers towards new energy. Additionally, the commercial energy storage business is set to ramp up with the implementation of key projects like the Dayaya energy storage power station. The company also announced an investment in Jiangxi Xingzhicheng to accelerate its business layout in the automotive electronics sector [1][4][8]. Financial Performance - For the full year of 2024, the company reported revenue of 707 million yuan, a year-on-year increase of 9.09%; net profit attributable to shareholders was 46 million yuan, up 131.13%; net profit excluding non-recurring items was 8 million yuan, down 48.44%. In Q1 2025, the company achieved revenue of 188 million yuan, a year-on-year increase of 11.90%; net profit attributable to shareholders was 5 million yuan, down 33.76%; net profit excluding non-recurring items was 3 million yuan, down 54.01% [2][3]. Business Segments - The company's revenue growth in 2024 was primarily driven by increased sales of commercial vehicle generators and electronic vacuum pumps. The commercial generator business generated 543 million yuan in revenue, up 8.34% year-on-year, supported by project developments with various OEMs and strong growth in the after-sales market, with approximately 200,000 units sold, a year-on-year increase of 44.69%. The electronic vacuum pump business generated 128 million yuan, up 18.74% year-on-year, benefiting from an increase in downstream supporting models and new customers. The energy storage business generated 27 million yuan, down 10% year-on-year [3][4][5]. Profitability Analysis - The company's gross margin and net margin for 2024 were 13.79% and 8.01%, respectively, with year-on-year changes of -2.57 percentage points and +3.67 percentage points. The gross margins for the generator, vacuum pump, and energy storage segments were 9.16%, 34.11%, and -1.44%, respectively, reflecting significant pressure on the generator segment due to rising raw material prices. The company maintained stable expense control, with various expense ratios showing minor fluctuations [5][6]. Strategic Developments - The company is actively expanding into the automotive electronics sector through its investment in Jiangxi Xingzhicheng, which specializes in automotive electronic products. This partnership is expected to enhance the company's capabilities in the automotive electronics field and support its overall transformation and upgrade strategy [7][8].

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