涉及总金额6 0 1 . 4 4亿元人民币。 作者 | 私募通 报道 | 决策投资圈 （ID： PEDATAMAX） 清科创业（01945.HK）旗下私募通统计：截至本周五下午，募资、投资、上市和并购共167起事件，涉及总 金额601.44亿人民币。从交易金额来看，本周金额较大事件是：2025年3月27日，华润三九医药股份有限公 司成功受让天士力生物医药产业集团有限公司、天津和悦科技发展合伙企业（有限合伙）、天津康顺科技发 展合伙企业（有限合伙）、天津顺祺科技发展合伙企业（有限合伙）、天津善臻科技发展合伙企业（有限合 伙）等持有的天士力医药集团股份有限公司的28. 0%的股权，作价59.90亿人民币。从交易事件地域分布看， 目前主要分布在广东省、江苏省和浙江省，占比为广东省15.6%，江苏省13.8%，浙江省12 .6%。 更多信息请登录：htt ps://ma x.pe da t a . c n/ 本周新登记股权投资基金管理人共计0家，取消备案登记12家，全年截至目前累计股权投资基金管理人数量 为17家。本周新增备案基金数量为85只，规模总计41 8. 88亿元，本周备案基金募资最多的为南京江宁智慧股 权投 ...

涉及总金额5 2 4 . 7 1亿元人民币。 作者 | 私募通 来源 | 决策投资圈 （ID：PEDATAMAX） 清科创业（0 1 9 4 5 .HK）旗下私募通统计：截至本周五下午，募资、投资、上市和并购共 1 5 7起事件，涉及总金额5 2 4.71亿人民币。从交易金额来看，本周金额较大事件是： 2 0 25年3月1 7日，中国远洋海运集团有限公司、深圳港集团有限公司、诺德基金管理有 限公司、财通基金管理有限公司、耿晓奇等投资中远海运特种运输股份有限公司3 5亿人 民币。从交易事件地域分布看，目前主要分布在江苏省、浙江省和广东省，占比为江苏 省17.2%，浙江省1 3 . 4%，广东省12.1%。 本周募资情况 本周新登记股权投资基金管理人共计1家，取消备案登记16家，全年截至目前累计股权投 资基金管理人数量为1 7家。本周新增备案基金数量为86只，规模总计2 8 5 . 2 7亿元，本周 备案基金募资最多的为北京经济技术开发区产业升级股权投资基金二期（有限合伙）， 募集40.01亿人民币。全年截至目前累计股权投资备案基金数量为8 5 8只，规模总计 6 3 13.87亿元。（2 0 2 5年3月14日 ...

Fundraising Analysis - In February 2025, the VC/PE market saw a total of 187 funds complete new rounds of fundraising, representing a year-on-year decrease of 24.0% and a month-on-month decrease of 43.7% [4] - The disclosed fundraising amount reached 683.521 billion RMB, down 21.9% year-on-year and down 62.0% month-on-month [4] - The highest single fundraising amount was 7 billion RMB, directed towards the new energy vehicle industry [6][7] Investment Activity - A total of 217 investment cases were recorded in February 2025, reflecting a month-on-month decrease of 26.9% and a year-on-year decrease of 59.6% [15] - The disclosed investment amount for 147 cases was 113.24 billion RMB, which is a month-on-month decrease of 77.1% and a year-on-year decrease of 78.8% [15] - The average investment amount per case was 0.77 billion RMB, down 67.2% month-on-month [15] Industry Focus - The semiconductor and electronic equipment sector led in both investment amount and case numbers, with 47 cases accounting for 21.7% of total cases and an investment amount of 29.19 billion RMB, representing 25.8% of total disclosed amounts [17] - Other notable sectors included biotechnology/healthcare and IT, with 41 and 39 cases respectively [17] Regional Distribution - Jiangsu province recorded the highest number of investment cases at 37, while Beijing led in investment amount with 27.17 billion RMB, accounting for 24.0% of total investments [20] - The top three regions by fundraising amount were Zhejiang, Jiangsu, and Sichuan, totaling 284.95 billion RMB, which is 41.7% of the total [10] Fund Management Trends - As of the end of February 2025, there were 57,105 registered equity investment funds in China, with 311 new registrations in February, while 448 funds were canceled, indicating a net decrease [12] - The number of registered fund managers decreased significantly, with only 3 new registrations and 10 cancellations in February [15]

Financial Performance - For the fiscal year ending December 31, 2024, the total revenue was RMB 192,477,000, a decrease of 19.3% compared to RMB 238,461,000 in 2023[4] - The profit before tax for 2024 was RMB 17,061,000, down 18.8% from RMB 21,002,000 in 2023[4] - The annual profit for 2024 was RMB 12,331,000, reflecting a decline of 23.1% from RMB 16,035,000 in 2023[4] - Gross profit for 2024 was RMB 66,980,000, compared to RMB 95,196,000 in 2023, indicating a significant drop[5] - Revenue for the year ended December 31, 2024, totaled RMB 192.477 million, a decrease from RMB 238.461 million in 2023, representing a decline of approximately 19.3%[25] - The gross profit for 2024 was RMB 66.980 million, down from RMB 95.196 million in 2023, indicating a decrease of about 29.6%[25] - Net profit attributable to the company for the year ended December 31, 2024, was RMB 12,139,000, down 24.5% from RMB 16,125,000 in 2023[32] - Basic earnings per share for the year ended December 31, 2024, was RMB 0.04, compared to RMB 0.05 in 2023, reflecting a decrease of 20%[32] - Net profit decreased by 23.1% from RMB 16.0 million in 2023 to RMB 12.3 million in 2024, with a net profit margin decline from 6.7% to 6.4%[59] Revenue Breakdown - Data services revenue for 2024 was RMB 69.925 million, slightly down from RMB 70.425 million in 2023, reflecting a decrease of approximately 0.7%[25] - Marketing services revenue decreased significantly from RMB 85.722 million in 2023 to RMB 71.862 million in 2024, a decline of about 16.2%[25] - The company reported a loss in gross profit for investment banking services amounting to RMB 1.747 million in 2024, compared to a profit of RMB 44,000 in 2023[25] - Marketing services gross profit decreased by 26.4% from RMB 42.5 million in 2023 to RMB 31.3 million in 2024, with a gross margin decline from 49.6% to 43.5%[50] - Training services gross profit fell by 70.3% from RMB 13.2 million in 2023 to RMB 3.9 million in 2024, with a gross margin decrease from 26.4% to 15.6%[53] Expenses and Costs - Employee compensation and benefits amounted to RMB 112.057 million in 2024, down from RMB 120.363 million in 2023, a reduction of approximately 6.5%[28] - Total expenses for the year ended December 31, 2024, were RMB 203.090 million, compared to RMB 233.204 million in 2023, indicating a decrease of about 12.9%[28] - Cost of revenue decreased by 12.4% from RMB 143.3 million in 2023 to RMB 125.5 million in 2024, mainly due to reduced venue and setup costs for offline activities[47] - General and administrative expenses decreased by 16.8% from RMB 54.1 million in 2023 to RMB 45.0 million in 2024[55] - Sales and marketing expenses decreased by 6.1% from RMB 18.1 million in 2023 to RMB 17.0 million in 2024[54] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 761,606,000, up from RMB 739,447,000 in 2023[13] - Total liabilities increased to RMB 182,624,000 in 2024 from RMB 171,697,000 in 2023[13] - The equity attributable to the owners of the company was RMB 579,556,000 in 2024, compared to RMB 568,111,000 in 2023[13] - The company reported a total of RMB 30,073,000 in accounts receivable as of December 31, 2024, down 26.5% from RMB 41,280,000 in 2023[37] - The company’s cash and cash equivalents decreased to RMB 70,254,000 in 2024 from RMB 103,682,000 in 2023, a decline of 32.3%[35] Research and Development - Research and development expenses increased to RMB 17,753,000 in 2024 from RMB 15,662,000 in 2023, representing a rise of 13.3%[5] - Research and development expenses decreased by 11.8% from RMB 17.8 million in 2023 to RMB 15.7 million in 2024[56] Corporate Governance and Compliance - The company has not adopted new or revised accounting standards that are expected to have a significant impact on its financial statements for the current or future reporting periods[22] - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[100] - The company will continue to review and monitor its corporate governance practices to ensure compliance with the corporate governance code[101] - The audit committee has reviewed the consolidated financial statements for the year ending December 31, 2024, and confirmed they are prepared in accordance with applicable accounting standards[103] Strategic Initiatives and Future Plans - The company continues to provide comprehensive equity investment services in China, including data services, marketing services, investment banking, and training services[14] - The company plans to continue seeking capital appreciation through investments, as indicated by the acquisition of the Zhi Da Fund[17] - The company aims to achieve diversified business growth by 2025, leveraging strong resource integration capabilities and technological empowerment[44] - The company is focused on building a more comprehensive venture capital ecosystem to provide efficient and precise services to entrepreneurs and investors[44] - The company plans to continue offering customized training services targeting institutional clients, especially government agencies and large enterprises[42] Shareholder Information - The company did not declare or pay any dividends for the year ended December 31, 2024, consistent with 2023[33] - The board has decided not to recommend any final dividend for the year ending December 31, 2024[95] - The 2025 Annual General Meeting is scheduled for May 22, 2025[96] - The annual report for the year ending December 31, 2024, will be distributed to shareholders and published on the company's website at an appropriate time[107] - The board expressed gratitude to all employees for their efforts, focus, loyalty, and integrity, as well as to shareholders, customers, banks, and other business partners for their trust and support[108]

涉及总金额4 0 8 . 5 3亿元人民币。 作者 | 私募通 来源 | 决策投资圈 （ID：PEDATAMAX） 清科创业（0 1 9 4 5 .HK）旗下私募通统计：截至本周五下午，募资、投资、上市和并购共 1 4 8起事件，涉及总金额4 0 8.53亿人民币。从交易金额来看，本周金额较大事件是： 2 0 25年3月4日，全国社会保障基金理事会投资国投电力控股股份有限公司7 0 . 0 0亿人民 币。从交易事件地域分布看，目前主要分布在上海市、北京市和江苏省，占比为上海市 2 0 .5%，北京市1 6 . 7%，江苏省14.1%。 01 本周募资情况 本周新登记股权投资基金管理人共计0家，取消备案登记4家，全年截至目前累计股权投 资基金管理人数量为11家。本周新增备案基金数量为70只，规模总计1 4 6 . 5 1亿元，本周 备案基金募资最多的为合肥市包河区产发创业投资合伙企业（有限合伙）和绵阳涪江新 兴股权投资合伙企业（有限合伙），募集20.00亿人民币。全年截至目前累计股权投资备 案基金数量为7 0 1只，规模总计5705.25亿元。（2025年2月2 8日- 2 0 2 5年3月6日） 投资金额TO ...

Fundraising - A total of 81 new funds were registered this week, with a total scale of 53.504 billion RMB, the largest being the Beijing Economic and Technological Development Zone Government Investment Guidance Fund Phase II, which raised 10.00 billion RMB [3] - As of this week, the cumulative number of registered private equity funds is 631, with a total scale of 555.875 billion RMB [3] Investment - There were 57 investment events this week, with disclosed investment amounts totaling 3.886 billion RMB, the largest being an investment of over 500 million RMB in Shenzhen Ruidelin Biotechnology Co., Ltd. by Shenzhen Songhe Capital Management Co., Ltd. and others [5][6] - Shenzhen Ruidelin Biotechnology Co., Ltd. focuses on synthetic biology technology and aims to create innovative products and solutions in the field of synthetic biology [5] Mergers and Acquisitions - A total of 24 M&A events occurred this week, with disclosed transaction amounts reaching 11.803 billion RMB, the largest being an investment of 2.6 billion RMB by Fengxin New Era New Energy Materials Co., Ltd. and Jiangxi Feiyu New Energy Technology Co., Ltd. in Yichun Shengyuan Lithium Industry Co., Ltd. [12][13] - Yichun Shengyuan Lithium Industry Co., Ltd. is a mineral exploration and mining service provider, and the investment aims to enhance its business development [12] IPOs - Three companies went public this week, raising a total of 1.43 billion RMB, with the largest being Microbus International, which raised 80 million USD through an IPO on NASDAQ [16][17] - Microbus International provides a real-time bus operation information query platform, enhancing user convenience in ticket purchasing and verification [16]

本周募资情况 本周新登记股权投资基金管理人共计0家，取消备案登记3家，全年截至目前累计股权投 资基金管理人数量为11家。本周新增备案基金数量为 81只 ，规模总计 535.04亿元 ，本周备案基金募资最多的为北京经济技术开发区政府投资引导基金二期（有限合 伙），募集100.00亿人民币。全年截至目前累计股权投资备案基金数量为631只，规模 总计5558.75亿元。（2025年2月21日-2025年2月27日） 新备案基金地域分布TOP5 涉及总金额693.36亿元人民币。 作者 | 私募通 来源 | 决策投资圈 （ID：PEDATAMAX） 清科创业（01945.HK）旗下私募通统计：截至本周五下午，募资、投资、上市和并购 共 165起 事件，涉及总金额 693.36亿 人民币。从交易金额来看，本周金额较大事件 是：2025年2月25日，奉新时代新能源材料有限公司、江西飞宇新能源科技有限公司对 宜春盛源锂业有限责任公司进行增资，出资金额是26.00亿人民币。从交易事件地域分 布看，目前主要分布在广东省、江苏省和北京市，占比为广东省19.1%，江苏省 14.3%，北京市13.1%。 01 02 本周投资情况 清 ...

拐点。 报道 I 投资界PEdaily 冬逝春来，中国创投行业的开年盛会如约而至。行业风云变幻不休，2 02 5年2月28日，由 清科创业、投资界主办的"投资界百人会"在三亚举行，投资圈共聚一堂把脉不一样的 2 0 2 5，聆听浪潮新声。 会上，清科集团创始人、董事长，清科创业CEO倪正东分享关于中国创投最一线的观 察，有乐观，也有担忧。不过春暖花会开，投资人又开始密集出差了。 以下为演讲实录， 经投资界（ID:peda il y 20 1 2）编辑： 时间一晃而过，不知不觉投资界三亚年会已经至少举办了15年，见证了我们这个行业的 变迁。今天看到在座的朋友们，精神状态不错。此时此刻，中国一级市场回暖氛围越来越 明显，大家过去的悲观心态都要翻篇了。 昨天我赶飞机，滑倒摔了一跤，今天拄着拐来开会了。后来细想，可能 行业拐点要到 了。 这个转折点始于今年春节，年前年后市场氛围天差地别。我在老家过年，湖南常德下面的 一个乡村，回到村里发现也有很多人聊起 De epSe ek 。De e pSe e k的出圈，或许代表着中 国人工智能的崛起，这是对人工智能最大的一次宣传、教育。 2 0 2 5年开场高昂，现在一级市场整 ...

涉及总金额381.08亿元人民币。 作者 | 私募通 来源 | 决策投资圈 本周募资情况 本周新登记股权投资基金管理人共计1家，取消备案登记2家，全年截至目前累计股权投 资基金管理人数量为11家。本周新增备案基金数量为74只，规模总计304.78亿元，本 周备案基金募资最多的为中金钛合绿碳科技私募股权投资基金（深圳）合伙企业（有限 合伙），募集30.03亿人民币。全年截至目前累计股权投资备案基金数量为547只，规模 总计5017.30亿元。（2025年2月14日-2025年2月20日） 新备案基金地域分布TOP5 （ID：PEDATAMAX） 清科创业（01945.HK）旗下私募通统计：截至本周五下午，募资、投资、上市和并购 共155起事件，涉及总金额381.08亿人民币。从交易金额来看，本周金额较大事件是： 2025年2月20日，中金资本运营有限公司、不公开的投资者投资新石器慧通（北京）科 技有限公司10.00亿人民币。从交易事件地域分布看，目前主要分布在北京市、江苏省 和广东省，占比为北京市18.5%，江苏省14.8%，广东省12.3%。 更多信息请登录：ht tps ://max.pedata. cn/ ...

2 0 24年，中国股权投资市场募资、投资活动放缓，但下半年多只大额基金完成设立，新 募规模降幅持续减小；全年投资案例数及金额降幅较前三季度及2 0 2 3年均有所收窄。清 科创业（0 1 9 4 5 .HK）旗下清科研究中心将在下文就募资、投资市场核心动态进行分析， 更多中国股权投资市场分析内容，欢迎点击阅读原文下载《2 0 2 4年中国股权投资市场特 点与趋势解读》。 清科研究 . 清科创业（01945.HK）旗下清科研究中心致力于为众多的有限合伙人、VC/PE机构、战略投资者、以 及政府机构、律师事务所、会计事务所、投资银行、研究机构等提供专业的信息、数据、研究和咨询服 务。 年度盘点。 作者 | 清科研究 来源 | 清科研究 （ID：pedata2017） 以下文章来源于清科研究 ，作者创造价值的 募资市场 0 1 市场概况 新募基金数量降幅超4 0%，募资总规模约14,400亿元 2 0 24年中国股权投资市场新募集基金数量和募资规模仍保持紧缩趋势，其中基金数量降 幅显著。根据清科研究中心统计，2024年共3,981只基金完成新一轮募集，数量同比下 降幅度达到4 3 . 0%；募资规模为14,449 ...