The Securities Regulatory Commission agreed to register an IPO on the Easythink Science and Technology Innovation Board

The Zhitong Finance App learned that on December 19, the China Securities Regulatory Commission issued the “Approval to Register the Initial Public Offering of Shares by Easyway (Hangzhou) Technology Co., Ltd.” According to reports, Yi Siwei plans to be listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange. SDIC Securities is the sponsor and plans to raise 1,214 billion yuan.

According to the prospectus, EasySight focuses on the R&D, production and sales of machine vision equipment for automobile manufacturing, providing machine vision solutions for all process aspects of the automobile vehicle and parts manufacturing process. It is a nationally key “little giant” enterprise with the largest domestic market share in this field. While successfully breaking the long-term monopoly of foreign manufacturers, it has accelerated the digital intelligence process of domestic automobile manufacturing. In addition, the company has also developed a business layout in the field of rail transit operation and maintenance and aviation, and continues to expand new application scenarios.

By the end of 2024, the company's products have been applied in batches to mainstream joint venture brands such as FAW-Volkswagen, SAIC-Volkswagen, GAC Toyota, and Beijing Benz, traditional independent brands such as BYD, JAC, Chery, GAC, Dongfeng, etc., new power brands such as Zero Sport, NIO, Ideal, Xiaomi, and Xiaopeng, as well as well-known domestic and foreign auto parts companies such as Gestamp, Casma, Bentler, Top, Huaxiang, Huizhong, etc. In recent years, the company's products have also been exported to major global factories of international car companies such as Company B, Volvo, and Rivian, as well as overseas factories of leading domestic car companies such as BYD and Chery.