Core Viewpoint - The company is transitioning from being known as a "map provider" and "automotive player" to an "AI player" with the rebranding to "SEEWAY.AI" announced by CEO Cheng Peng at the 2025 EVOLUTION conference [2][3] Strategic Upgrade - The transition signifies a shift in focus towards AI, which is seen as a core driver for evolving vehicles from mere functional carriers to "emotionally intelligent mobile entities" [5] - The company emphasizes the importance of AI in restructuring product logic from functionality to emotional value, marking a key direction for smart vehicle evolution [5] AI Infrastructure - The AI infrastructure consists of three core layers: 1. Data Compliance Layer: Addresses geographic information desensitization, personal privacy protection, and national security [5] 2. Data Enhancement Layer: Automates 90% of data processing tasks through self-developed labeling lines and content recognition models [5] 3. AI Training Layer: Provides a comprehensive toolchain for simulation testing and model iteration, supporting closed-loop optimization [5] Safety and Compliance - As the automotive industry moves towards a "software-defined" era, safety is becoming a fundamental prerequisite for innovation, transitioning from a cost burden to a global market entry qualification [7] Capital Structure and Investments - The company plans to invest in PhiGent Robotics Limited (Jianzhi Cayman), acquiring a 39.14% stake, positioning it as the largest shareholder but not the controlling shareholder [8] - This investment aims to leverage synergies in the intelligent driving sector, enhancing the company's competitive edge [8] - The company has secured 5.85 million new intelligent driving solutions from 2024 to the first half of 2025, covering over 20 mainstream automakers and 100 models [8] IPO Developments - The company’s subsidiary, Siwei Zhili, has submitted an IPO application to the Hong Kong Stock Exchange, with the company holding a 45.32% voting power [9] - Successful IPOs of both Siwei Zhili and Jianzhi Cayman could establish a capital landscape under the "Siwei Tuxin" brand [9] Fastest Growing Subsidiaries - Among the company's investments, the fastest-growing subsidiaries are Liufen Technology and Siwei Zhili, with Liufen Technology having opened up new scenarios through strategic cooperation with Zhiyuan Robotics [10]

Core Viewpoint - Four-dimensional Tushin is transitioning from "automotive" to "AI" as part of its brand strategy upgrade to "SEEWAY.AI" [1][3] Group 1: Strategic Transition - The company has evolved from "map provider" to "automotive" since 2002 and is now moving towards becoming an "AI" entity [3] - AI is seen as a core driver for transforming vehicles from "functional carriers" to "emotionally intelligent mobile entities" [5] Group 2: AI Infrastructure - The AI infrastructure consists of three core layers: data compliance, data enhancement, and AI training, aimed at optimizing product logic and enhancing data processing [5] - The infrastructure connects the company's vast map data resources and supports the iteration of core products and business model innovation [5] Group 3: Investment and Market Position - The company plans to invest in PhiGent Robotics Limited, acquiring a 39.14% stake, positioning it as the largest shareholder [7][8] - The partnership aims to leverage resources in the intelligent driving sector, with significant contracts already secured for 585,000 intelligent driving solutions [8][9] Group 4: Future Prospects - If the IPOs of both Four-dimensional Tushin's subsidiaries, ZhiLian and JianZhi, are successful, a "Four-dimensional Tushin" capital landscape will emerge [9] - The company anticipates a significant financial data increase by 2027, indicating strong future growth potential [1]

Core Viewpoint - Four-dimensional Tushin is transitioning from "automobile person" to "AI person" as part of its brand strategy upgrade to "SEEWAY.AI" [1][3] Group 1: Strategic Upgrade - The company has evolved from "map person" to "automobile person" since 2002 and is now moving towards becoming an "AI person" [3] - AI is seen as a core driver for transforming vehicles from "functional carriers" to "emotionally intelligent mobile entities" [5] Group 2: AI Infrastructure - The AI infrastructure consists of three core layers: data compliance, data enhancement, and AI training [5] - The data compliance layer addresses geographic information desensitization and personal privacy protection [5] - The data enhancement layer automates 90% of data processing tasks, while the AI training layer supports a full chain of tools for simulation testing and model iteration [5] Group 3: Capital Structure and Investments - The company plans to invest in PhiGent Robotics Limited, acquiring a 39.14% stake, making it the largest shareholder [7][8] - The partnership aims to leverage resources in the intelligent driving sector to enhance core competitiveness [7] - Four-dimensional Tushin's stock price was reported at 9.23 yuan per share, with a market capitalization of 21.9 billion yuan [9]

Core Viewpoint - Four-dimensional Map is transitioning from "Automobile People" to "AI People" as part of its brand strategy upgrade to "SEEWAY.AI" [2][4] Strategic Upgrade - The company has evolved from "Map People" to "Automobile People" since 2002, and is now moving towards becoming "AI People" [5] AI Infrastructure - The AI new infrastructure consists of three core layers: 1. Data Compliance Layer: Addresses geographic information desensitization, personal privacy protection, and national security issues 2. Data Enhancement Layer: Automates 90% of data processing tasks through self-developed labeling production lines and content recognition models 3. AI Training Layer: Provides a complete toolchain for simulation testing and model iteration, supporting closed-loop optimization [7] Safety in Software-Defined Era - As the automotive industry transitions to a "software-defined" era, safety is becoming a fundamental prerequisite for innovation, shifting from a cost burden to a global market entry qualification [9] Capital Structure and Acquisitions - The company plans to invest in PhiGent Robotics Limited, acquiring a 39.14% stake, positioning it as the largest shareholder but not the controlling shareholder [11] - The acquisition aims to enhance the company's core competitiveness in the intelligent driving sector, with a projected 585,000 new intelligent driving solutions covering over 20 mainstream automakers [11] - If the IPOs of both Four-dimensional Smart Link and PhiGent Robotics are successful, a "Four-dimensional Map" capital structure will emerge [12] Market Performance - As of September 23, the company's stock price was 9.23 CNY per share, with a market capitalization of 21.9 billion CNY [13]