以下文章来源于清科研究 ，作者创造价值的 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） 01 整体回顾 02 市场分布 A股IPO总量同比收缩近七成，创业板上市企业数量相对较多 2024年中企IPO市场总体呈现出阶段性收缩态势，但下半年IPO活跃度环比有所回升。 根据清科创业（01945.HK）旗下清科研究中心统计，2024年中企境内外上市195家 【1】，同比下降51.1%，首发融资额约合人民币1442.66亿元【2】，同比下降 63.6%，上市企业数量和融资金额为近10年新低；其中，下半年有113家中企IPO，首 发融资额约合人民币973.53亿元，环比分别上升37.8%、107.5%。 分市场来看，2024年 A股 共有100家企业上市，同比下降68.1%； 境外市场 共95家 中企上市，同比上升10.5%，其中今年全市场首发融资额前三大中企IPO均于港股 ...

本周投资、上市和并购共1 30起事件，涉及总金额234.56亿元人民币。 作者 I PEDATA MAX 来源 I 清科研究 (ID：pedata2017） 清科创业（0 1 9 4 5 .HK）旗下私募通统计：截至本周五下午，投资、上市和并购共130起 事件，涉及总金额2 3 4 . 5 6亿人民币。从交易金额来看，本周金额较大事件是：2 0 2 4年1 2 月31日，不公开的投资者、Gol de n Li nk I nve stme nt Limit e d、国寿股权投资有限公 司、社保基金中关村自主创新投资基金（北京）合伙企业（有限合伙）、上海临港数科 创业投资合伙企业（有限合伙）等投资盛合晶微半导体（江阴）有限公司7亿美元。从交 易事件地域分布看，目前主要分布在广东省、上海市、江苏省及北京市，占比为广东省 和上海市并列第一，分别占比16.9%，江苏省1 6 . 2%，北京市11. 5%。 本周交易事件数量表 | 地域 | 室例数(記) | 占比 (%) | 额(万元) | | --- | --- | --- | --- | | 广东 | 22 | 16.9 | 147375.00 | | 下海 | 2 ...

本周投资、上市和并购共112起事件涉及总金额445.02亿元人民币。 作者 | 私募通 | 地域 | 案例数(起) | 占比 (%) | 金额(万元) | | --- | --- | --- | --- | | 江苏 | 18 | 16.1 | 213534.69 | | 北京 | 14 | 12.5 | 1920019.89 | | 下海 | 14 | 12.5 | 76235.79 | | 广东 | 13 | 11.6 | 41279.73 | | 浙江 | 9 | 8.0 | 129394.27 | | 海外 | 7 | 6.3 | 131741.05 | | 天津 | 4 | 3.6 | 104386.85 | | 新疆 | 4 | 3.6 | 76176.84 | | 樊娜國守 | 4 | 3.6 | 13929.21 | | 重庆 | 3 | 2.7 | 1110000.00 | | 河北 | 3 | 2.7 | 93534.58 | | 山东 | 3 | 2.7 | 13821.56 | | 安徽 | 2 | 1.8 | 85783.26 | | 云南 | 2 | 1.8 | 29050.00 ...

本周投资、上市和并购共108起事件，涉及总金额276.77亿元人民币。 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，投资、上市和并购共108 起事件，涉及总金额276.77亿人民币。从交易金额来看，本周金额较大事件是：2024 年12月9日，Grand Sil ver(Lai yang)Co. Limited、益海嘉里金龙鱼食品集团股份有 限公司对山东鲁花集团有限公司进行增资，出资金额是55.69亿人民币。从交易事件地 域分布看，目前主要分布在江苏省、北京市和广东省，占比为江苏省16.7%，北京市 13.9%，广东省11.1%。 本周交易事件数量表 | 地域 | 案例数(起) | 占比 (%) | 金额(万元) | | --- | --- | --- | --- | | 江苏 | 18 | 16.7 | 242536.87 | | 北京 | 15 | 13.9 | 203470.15 | | 广东 | 12 | 11.1 | 132214.37 | | 浙江 | 10 | 9.3 | 311845.51 | | 山东 | 8 ...

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。 2024年是中国股权投资市场转折与新生之年。这一年，一级市场受到了空前的关注，国家多部门强调要积极发展 股权投资市场，创投十七条、并购六条、科创板八条等政策都为股权投资市场注入了新的活力，中央政治局会议 也为中国经济注入强大的信心。在宏观环境复杂多变的背景下，"耐心资本"的理念逐渐深入人心，国资、产业资 本持续发力，人工智能浪潮与半导体等"卡脖子"领域引领硬科技投资新趋势，并购市场发展进入历史拐点，股权 投资机构积极寻求多元化退出方式以适应市场变化。从国家到政府再到投资机构无一不在努力疏通"募投管退"各 环节的堵点、卡点，寻找新的经济增长点。 清科创业（1945.HK）于2020年登陆港交所，致力于为行业提供创业与投资综合服务，其旗下清科研究中心是 国内专业的股权投资市场研究机构。自2001年起，清科研究中心已连续24年发布中国股权投资年度排名，秉承 着科学严谨的研究方法和公平公正的排名态度，旨在为 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 72,222,000, a decrease of 15.8% compared to RMB 85,778,000 for the same period in 2023[6] - Gross profit for the same period was RMB 17,730,000, slightly up from RMB 17,228,000, indicating a gross margin improvement[6] - Loss before income tax for the first half of 2024 was RMB (9,586,000), an improvement from RMB (13,484,000) in the prior year[6] - Net loss for the period was RMB (7,627,000), compared to RMB (9,790,000) in the previous year, reflecting a reduction in losses[6] - Revenue decreased by 15.9% from RMB 858 million for the six months ended June 30, 2023, to RMB 722 million for the same period in 2024, primarily due to a reduction in training course offerings and offline events[12] - Operating loss for the six months was RMB 17,589,000, an improvement from a loss of RMB 20,771,000 in the previous year, reflecting better cost management[66] - Net loss attributable to the owners of the company was RMB 5,032,000, compared to a loss of RMB 4,236,000 in the same period last year[67] - The company reported a total comprehensive income of RMB 4.236 million for the six months ended June 30, 2024, after a loss of RMB 9.456 million[73] - The company reported a loss of RMB 7.397 million for the six months ended June 30, 2024, compared to a loss of RMB 9.456 million in the previous period[74] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 731,648,000, down from RMB 739,447,000 as of December 31, 2023[7] - Total liabilities decreased to RMB 170,473,000 from RMB 171,697,000 at the end of 2023[7] - Total assets remained relatively stable at RMB 739.4 million as of December 31, 2023, and RMB 731.6 million as of June 30, 2024[25] - Total liabilities remained relatively stable at RMB 171.7 million as of December 31, 2023, and RMB 170.5 million as of June 30, 2024[26] - The debt-to-asset ratio remained stable at 23.3% as of June 30, 2024, compared to 23.2% as of December 31, 2023[38] Equity and Share Capital - Equity attributable to owners of the company was RMB 561,766,000, down from RMB 568,111,000 at the end of 2023[7] - The company’s issued share capital decreased to RMB 306,228,400 as of June 30, 2024, from RMB 306,348,800 as of December 31, 2023, a decrease of 0.04%[121] - The total number of shares that can be issued under the post-IPO restricted share unit plan is capped at 30,640,240 shares, which is approximately 10.04% of the total issued shares as of the report date[47] Expenses and Cost Management - Sales and marketing expenses decreased by 9.4% from RMB 85 million to RMB 77 million, primarily due to fewer training courses and offline marketing events[19] - General and administrative expenses increased by 17.7% from RMB 22.0 million for the six months ended June 30, 2023, to RMB 25.9 million for the same period in 2024, primarily due to increased leasing costs from new properties[20] - Research and development expenses decreased by 13.4% from RMB 8.2 million for the six months ended June 30, 2023, to RMB 7.1 million for the same period in 2024, mainly due to a reduction in employee benefits from a decrease in R&D personnel[21] - Employee compensation and benefits amounted to RMB 53,521 thousand, a decrease of 5.4% compared to RMB 56,745 thousand in the previous year[94] - The total expenses for the six months ended June 30, 2024, were RMB 95,126 thousand, down from RMB 107,207 thousand in 2023, reflecting a reduction of approximately 11.3%[94] Strategic Initiatives - The company is focusing on market expansion and new product development strategies to enhance future performance[6] - The management anticipates continued improvement in operational efficiency and cost management in the upcoming quarters[6] - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its offerings[6] - The company aims to maintain its industry benchmark position and contribute significantly to the development of the Chinese private equity investment sector through innovation and strategic execution[11] - The company plans to reallocate approximately HKD 50.0 million of the unutilized net proceeds for expanding geographical coverage in China and selectively seeking investment and acquisition opportunities[56] User and Market Engagement - The company had approximately 360,000 registered users for its proprietary data services as of June 30, 2024[8] - The online information platform accumulated over 3.5 million users across various third-party platforms as of June 30, 2024, with total reading volume increasing by approximately 22% year-on-year[8] Share Repurchase and Dividends - The company repurchased a total of 1,434,000 shares at a total cost of approximately HKD 1.4 million during the six months ended June 30, 2024, reflecting confidence in long-term business prospects[58] - The company has cancelled 1,053,200 shares repurchased during the reporting period, reducing the issued share capital[58] - No interim dividend has been recommended for the six months ended June 30, 2024[61] - The company did not declare or pay any dividends for the six months ended June 30, 2024, consistent with the previous year[100] Financial Assets and Investments - The fair value of financial assets measured at fair value through profit or loss totaled RMB 178,153,000, compared to RMB 163,043,000 as of December 31, 2023, reflecting an increase[82] - The Group's third-level financial assets included investments in TechStar B shares, which had a fair value of RMB 32,762,000 as of June 30, 2024, up from RMB 31,908,000 at the end of 2023[85] - The total fair value of third-level financial assets increased from RMB 115,127,000 at the beginning of the period to RMB 178,154,000 by June 30, 2024, with net unrealized gains of RMB 1,379,000 during the period[84] Compliance and Governance - The company has adopted the corporate governance code as its own to regulate corporate governance practices[54] - The chairman and CEO roles are held by the same individual, which the board believes ensures consistent internal leadership and effective strategic planning[54] - The company’s audit committee has reviewed the interim financial statements for the six months ended June 30, 2024, ensuring compliance with applicable accounting standards[60]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 ZERO2IPO HOLDINGS INC. 清科創業控股有限公司* （於 開曼群島註冊成立之有限公司） （股份代號：1945） 截 至2024年6月30日止六個月之 中期業績公告 清科創業控股有限公司（「本公司」，連同其附屬公司及合併聯屬實體統稱「本 集 團」）董 事（「董 事」）會（「董事會」）欣 然 公 佈 本 集團截至2024年6月30日 止 六個月（「報告期」）之 未 經 審 核 簡 明 合 併 中 期 業 績，連 同 其 截 至2023年6月 30日止六個月之比較數字，有關業績已由本公司審核委員會（「審核委員會」） 審 閱。截 至2024年6月30日止六個月之中期業績已由本公司獨立核數師 羅兵咸永道會計師事務所根據香港會計師公會頒佈的香港審閱準則第 2410號「由 實 體 獨 立 核 數 師 進 行 中 期 財 務 資 料 ...

Financial Performance - The company reported a total revenue of $X million for the fiscal year ending December 31, 2023, representing a Y% increase compared to the previous year[15]. - In 2023, the company achieved a revenue growth of approximately 8.1% compared to 2022, reaching RMB 238,461,000[20]. - Adjusted net profit increased by about 4.2% year-on-year in 2023[20]. - Revenue increased by 8.1% from RMB 220.6 million in 2022 to RMB 238.5 million in 2023, driven by growth in training services, marketing services, and data services[26]. - Net profit decreased by 18.4% from RMB 19.6 million in 2022 to RMB 16.0 million in 2023, with net profit margin declining from 8.9% to 6.7%[39]. - Adjusted net profit (non-HKFRS measure) for 2023 was RMB 20.5 million, compared to RMB 19.6 million in 2022, with adjusted net profit margin at 8.6%[42]. User Engagement and Growth - User data showed an increase in active users to Z million, reflecting a growth rate of A% year-over-year[15]. - The company has approximately 350,000 registered users on its proprietary data service platforms as of December 31, 2023[22]. - The online information platform accumulated over 3.2 million users across various channels by December 31, 2023[22]. - The company hosted three brand events, fifteen customized events, and four salons, with a total attendance exceeding 12,000 participants in 2023[22]. Strategic Initiatives - The company provided guidance for the next fiscal year, projecting revenue growth of B% and an expected total revenue of $C million[15]. - New product launches are anticipated to contribute an additional $D million in revenue, with a focus on enhancing user engagement[15]. - Market expansion efforts are underway, targeting new regions with a projected increase in market share of F%[15]. - The company is exploring potential acquisitions to enhance its service offerings and market presence, with a budget of $G million allocated for this purpose[15]. - Strategic partnerships are being formed to leverage synergies and drive growth, expected to yield an additional $H million in revenue[15]. Research and Development - The company is investing in R&D, allocating $E million towards the development of new technologies and services[15]. - R&D expenses decreased by 12.3% from RMB 20.3 million in 2022 to RMB 17.8 million in 2023, due to strategic optimization of online consulting services[36]. - The company plans to leverage AI-generated content (AIGC) combined with big data products to enhance its service offerings[17]. Corporate Governance and Leadership - The company emphasizes a strong corporate governance framework to protect shareholder interests and enhance corporate value, adhering to the corporate governance code[80]. - The board includes members with significant experience in both domestic and international markets, contributing to informed decision-making[68]. - The company has a strong leadership team with diverse backgrounds in finance, marketing, and technology, enhancing its strategic capabilities[70]. - The board has ensured that all independent non-executive directors have confirmed their independence, complying with relevant listing regulations[87]. Sustainability and ESG Initiatives - The company has established an ESG governance framework to oversee sustainable development efforts and integrate ESG principles into corporate culture[156]. - The board is responsible for the overall supervision of the company's sustainable development work, including the approval of ESG management policies and risk management plans[157]. - The company encourages stakeholder feedback to enhance its sustainable development strategies[155]. - The company has prioritized 19 significant ESG issues, with 9 categorized as highly important and 10 as moderately important[168][169]. Risk Management and Compliance - The company has confirmed that it has established and maintained effective risk management and internal control systems, with the audit committee overseeing these systems[126]. - The company has implemented control procedures to ensure unauthorized access and use of inside information is strictly prohibited[131]. - The company has a policy for employees to report any misconduct regarding financial reporting and internal controls confidentially[114]. Employee Welfare and Diversity - Employee welfare is prioritized, with a focus on work-life balance to enhance overall health and productivity[198]. - The company adheres to labor laws to protect employee rights and has implemented a flexible work schedule with a five-day work week[199]. - Female representation in senior management is approximately 66.7%, while female employees account for about 68.6% of the total workforce[91]. - The company has implemented measures to promote gender diversity at all levels, including the board and senior management[92].

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 238,461 thousand, an increase of 8.1% from RMB 220,632 thousand in 2022[2] - Gross profit decreased to RMB 95,196 thousand in 2023 from RMB 96,988 thousand in 2022, reflecting a decline in gross margin[2] - Operating profit significantly dropped to RMB 5,296 thousand in 2023 compared to RMB 19,050 thousand in 2022, indicating a decrease of 72.1%[2] - Annual profit for 2023 was RMB 16,035 thousand, down 18.3% from RMB 19,632 thousand in 2022[2] - Adjusted net profit (non-Hong Kong Financial Reporting Standards) increased by 4.2% to RMB 20,450 thousand in 2023 from RMB 19,632 thousand in 2022[1] - The company's net profit attributable to owners for the year ended December 31, 2023, was RMB 16,125,000, a decrease of 20.3% compared to RMB 20,353,000 for the year ended December 31, 2022[25] - Basic earnings per share for the year ended December 31, 2023, was RMB 0.05, down from RMB 0.07 for the year ended December 31, 2022, reflecting a decline of 28.6%[25] - Net profit decreased by 18.4% from RMB 19.6 million in 2022 to RMB 16.0 million in 2023, with net profit margin declining from 8.9% to 6.7%[69] Expenses and Costs - Research and development expenses decreased to RMB 17,753 thousand in 2023 from RMB 20,284 thousand in 2022, showing a reduction of 12.5%[2] - Cost of revenue rose by 15.9% from RMB 123.6 million in 2022 to RMB 143.3 million in 2023, primarily due to increased costs associated with offline activities[61] - General and administrative expenses rose by 30.0% from RMB 41.6 million in 2022 to RMB 54.1 million in 2023, mainly due to increased travel, transportation, and employee welfare expenses[95] - Sales and marketing expenses increased by 13.1% from RMB 16.0 million in 2022 to RMB 18.1 million in 2023, driven by increased travel and office expenses related to business growth[66] Assets and Liabilities - Total liabilities decreased to RMB 171,697 thousand in 2023 from RMB 213,446 thousand in 2022, a reduction of 19.5%[15] - The company reported a total equity of RMB 567,750 thousand in 2023, up from RMB 548,862 thousand in 2022, reflecting an increase of 3.6%[15] - Total assets as of December 31, 2023, amounted to RMB 739,447,000, a decrease of 3.0% from RMB 762,308,000 as of December 31, 2022[34] - Non-current assets totaled RMB 113,070,000 as of December 31, 2023, an increase of 5.3% from RMB 107,203,000 as of December 31, 2022[34] - Current assets decreased to RMB 626,377,000 as of December 31, 2023, down 4.4% from RMB 655,105,000 as of December 31, 2022[34] - The asset-liability ratio decreased from 28.0% as of December 31, 2022, to 23.2% as of December 31, 2023[135] Cash Flow and Investments - As of December 31, 2023, the company maintained cash and cash equivalents and short-term bank deposits of approximately RMB 413.2 million[101] - Operating cash flow remained stable with working capital of RMB 484.3 million in 2022 and RMB 490.3 million in 2023[101] - The company has allocated HKD 90.6 million for selective investment and acquisition opportunities[158] - The company is developing investment banking securities services with an allocation of HKD 50 million[158] Shareholder Actions - The company did not declare or pay any dividends for the year ended December 31, 2023, consistent with 2022[49] - The company repurchased 90,400 shares and canceled 120,400 shares, with shareholder approval for these actions[53] - The company repurchased a total of 882,400 shares at an aggregate cost of approximately HKD 2.1 million, reflecting confidence in its long-term business prospects and enhancing shareholder returns[160] - All repurchased shares have been cancelled, resulting in a reduction of the company's issued share capital[160] Market and Business Development - The company aims to expand its service offerings through technology and innovation, focusing on sustainable development strategies[59] - The company plans to explore technology-driven business models to enhance service depth and breadth, reinforcing its core competitiveness[59] - The company plans to expand its services to Southeast Asia and India to capture significant growth opportunities[158] - The company has established a specialized investment banking team to facilitate connections between Chinese enterprises and overseas capital markets[57] Corporate Governance - The company will hold its 2024 Annual General Meeting on May 22, 2024[145] - The audit committee has reviewed the consolidated financial statements for the year ending December 31, 2023, and confirmed that they are prepared in accordance with applicable accounting standards[168] - The auditor has verified that the financial figures in the performance announcement align with the audited consolidated financial statements[169] - The company has complied with all corporate governance code provisions except for the separation of the roles of chairman and CEO, which it believes is appropriate for its current situation[176] - The company will distribute its annual report to shareholders at an appropriate time, which will include detailed financial and governance information[171] User Engagement and Services - The online information platform has accumulated over 3.2 million users across various platforms, enhancing the company's marketing services[56] - As of December 31, 2023, the company had approximately 350,000 registered users for its proprietary services, including the upgraded SaaS version of its private equity platform, MAX[83] - The company prepared customized reports for over 200 clients in the fiscal year ending December 31, 2023[83] - The company organized three offline brand events and fifteen customized events, attracting over 12,000 participants in the fiscal year ending December 31, 2023[56]

智通财经APP数据显示，清科创业(01945)、泡泡玛特(09992)、祖龙娱乐(09990)、上海石油化工股份(00338)、中远海控(01919)、金蝶国际(00268)、立基工程控股(01690)、汇量科技(01860)、微泰医疗-B(02235)、首程控股(00697)、复星国际(00656)、乐声电子(00213)、太古股份公司A(00019)、太古股份公司B(00087)、天鸽互动(01980)、方达控股(01521)、美因基因(06667)、友邦保险(01299)、快手-W(01024)、赛晶科技(00580)、歌礼制药-B(01672)、小米集团-W(01810)、天立国际控股(01773)、ESR(01821)、明源云(00909)、药明生物(02269)于2024年2月7日进行了回购。其中，回购金额最大的为药明生物(02269)，回购数量1214.75 万，回购金额2.34 亿元。 股票名称 回购数 回购额 年累计回购数量(股) 年累计回购数量/总股本 药明生物(02269) 1214.75 万 2.34 亿 8241.70 万 1.940% 小米集团-W(01810) 40 ...