禾赛科技（Hesai Group）今日（9月6日）宣布，启动1700万股B类股份的全球发售。 此次全球发售包括两部分：一是香港公开发售，拟初始发行170万股B类普通股，于9月8日启动；二是国际发售，拟初始发行1530万股B类普通股，于今日启 动。同时，公司B类普通股将在香港联交所主板实现双重主要上市，股票代码为"2525"。 公开资料显示，禾赛科技成立于2014年，于2023年登陆纳斯达克。自成立以来，公司专注激光雷达的研发与制造，专利成果遍布全球。公司以高清三维感知 技术，赋能更安全更智能的智能驾驶和机器人应用，历经市场验证，出货量全球领先。 近年来，随着新能源汽车渗透率持续提升，产业变革进入"智能化"下半场，激光雷达成为智能汽车的"安全标配"。盖世汽车研究院报告显示，2024年国内激 光雷达装机量首次突破150万颗，同比激增179.7%；2025年上半年即达100.2万颗，同比再增71%，全年有望冲击250万颗。 其中，禾赛科技、速腾聚创、华为等牢牢占据市场主导。盖世汽车研究院报告显示，目前，禾赛ATX已获得比亚迪、奇瑞、长城、长安等12家国内头部车企 的几十款车型定点合作，并于2025年第一季度启动大规 ...

Core Viewpoint - Daotong Technology (688208.SH) reported record-high revenue and net profit in its semi-annual report, indicating strong growth and effective global strategies despite challenges in the global trade environment [2] Financial Performance - The company achieved a revenue of 2.345 billion yuan and a net profit of 480 million yuan, marking a year-on-year increase of 24.29% [2] - The non-recurring net profit grew by 64.12% to 475 million yuan, with a dividend payout of 5.8 yuan per 10 shares, the highest in three years [2] - The stock price rose from 9 yuan to 36 yuan since February 2024, with a market capitalization of 24.676 billion yuan as of August 18 [2] Business Segments - The traditional maintenance smart terminal business generated 1.54 billion yuan in revenue, up 22.96%, with products including automotive diagnostics and TPMS [3] - The energy intelligence business saw the fastest growth, achieving 524 million yuan in revenue, a 40.47% increase, driven by smart charging solutions [3] - The AI and software business generated 281 million yuan, with a high gross margin of 99%, contributing significantly to overall profitability [4] Strategic Initiatives - The company has established production bases in Shenzhen, Vietnam, and North Carolina, with plans for a facility in Mexico, enhancing its global supply chain [2] - The shift from one-time equipment sales to ongoing service fees reflects a change in the business model, positioning the company for higher premiums in the smart hardware ecosystem [5] - The company is expanding its partnerships with major players in the electric vehicle charging infrastructure, further solidifying its global business footprint [3]

渣打银行企业及投资银行业务联席全球主管兼东盟及南亚区行政总裁 高恕年 渣打银行（中国）有限公司企业及投资银行业务总经理 施旅 "金融、阿里云，汽车行业，以及AI大数据，其实彼此是相互依存，一起进步。" 阿里巴巴集团副总裁，阿里云智能国际业务总裁 袁千 当全球贸易被关税带来的变化所影响，区域合作的重要性愈发凸显。同为全球重要经济体，中国 与东盟在制造产业、服务贸易、金融与科技等领域的联结愈发紧密。2025渣打中国企业峰会 以"聚势东盟·驭变共赢"为主题，知名企业的高层和渣打专家借机围坐而谈，以多元视角解析前沿 技术对全球价值链的重构力量，定义全球经济新范式。 "人工智能技术能极大地提高效率、降低成本，也给金融行业带来了深刻的改变。过去十 年，全球产业链模式已经改变，中国正在加大对外投资，投资于全球各地的制造中心。在企 业出海过程中，渣打可以提供全方位的支持，无论是跨境支付、风险管理，还是业务拓展等 等，以此助力企业打入东盟、印度等市场。" "国际化的终极形态就是本土化。今年，阿里云已与1 2 0多所海外高校建立合作。这不仅体 现在共建联合技能中心上——这些中心不仅服务于学生，还为当地客户和合作伙伴提供培训 课程 ...

Group 1 - The importance of regional cooperation is increasingly highlighted as global trade is affected by tariff changes, with China and ASEAN strengthening their connections in manufacturing, service trade, finance, and technology [1] - The 2025 Standard Chartered China Enterprise Summit focuses on the theme "Harnessing ASEAN for Mutual Success," where industry leaders and experts discuss the impact of advanced technologies on the global value chain and define a new paradigm for the global economy [1] - Artificial intelligence (AI) technology significantly enhances efficiency and reduces costs, leading to profound changes in the financial industry, while China increases its foreign investments in global manufacturing centers [2] Group 2 - Standard Chartered provides comprehensive support for companies expanding overseas, including cross-border payments, risk management, and business development, facilitating entry into markets like ASEAN and India [2] - The interdependence of finance, cloud computing, the automotive industry, and AI big data is emphasized, indicating a collaborative advancement among these sectors [4] - The ultimate form of internationalization is localization, as demonstrated by Alibaba Cloud's partnerships with over 120 overseas universities to build joint skill centers that serve local students and clients [6] Group 3 - The automotive industry in China has undergone significant upgrades, with a high penetration rate of advanced technologies, and aims to assist overseas automotive companies in enhancing their basic Advanced Driver Assistance Systems (ADAS) capabilities [6] - The training of AI models is likened to nurturing the next generation of intelligence, emphasizing the importance of cultural background and diversity in the development of these models [8]

Core Insights - Youjia Innovation has secured a platform project from Changan Automobile, which will provide advanced driver assistance system (ADAS) domain control products for multiple self-owned brands and key models [1] Group 1 - The first cooperative model between Youjia Innovation and Changan Automobile is expected to enter mass production in the fourth quarter of 2025, indicating a strong momentum for the proliferation of ADAS [1]