这周，AI 医疗诞生了一家独角兽，线控底盘赛道疯狂融资 Rime 来觅周报 来觅研究院 x RimeData 来觅数据 联合发布 RimeData 周报 12-28 至 01-03 来觅研究院 x RimeData 来觅数据 联合发布 发布日期：2025-01-04 截至 2025 年 1 月 3 日 18:00，本周融资事件共 144 起（不包括并购、定增），较上周增加 了 61 起，融资金额总计约 193.14 亿元（谨慎估计），较上周增加了 116.58 亿元。在所有 融资事件中，本周融资金额在亿元及以上的融资事件有 43 起，较上周增加了 15 起。本周公 开退出案例 57 个，较上周增加了 37 个。另外，本周有 221 家机构参与了一级市场投资，较 上周增加了 112 家。整体来说，一级市场迎来了开门红，投融资热度呈现明显反弹态势。 请读者留意，由于本周有 28 起融资事件未公布准确的融资金额，出于谨慎考虑，笔者做了暂 取较小值处理，涉及金额至少 9.82 亿元，约占融资总额的 5.08%。另外，因融资事件的延迟 披露，本期周报仅收录了本周五 18:00 前公开披露的融资事件，可能导致统计分析与实 ...

150 亿！这家企业斩获新能源领域年度最大融资 请读者留意，由于本周有 23 起融资事件未公布准确的融资金额，出于谨慎考虑，笔者做了暂 取较小值处理，涉及金额至少 4.51 亿元，约占融资总额的 1.18%。另外，因融资事件的延迟 披露，本期周报仅收录了本周五 18:00 前公开披露的融资事件，可能导致统计分析与实际情 况存在细微偏差，感兴趣的读者可以登录 Rime PEVC 平台获取全量融资事件、被投项目及深 度数据分析。 Rime 来觅周报 来觅研究院 x RimeData 来觅数据 联合发布 （1） 海上新能源：近日，华能新能源宣布完成 150 亿元股权融资，此次融资由国新发展、 中邮保险、太平人寿、国家绿色发展基金、南网能创 5 家企业共同参与。此次增资不 仅为华能新能源提供资金支持，同时引入了多家具有丰富资源和优势的战略投资者， 有助于其在新能源领域的进一步发展。这次融资是华能新能源自港股私有化退市以来 最大的一笔融资，也是今年新能源领域最大的一笔股权融资。 RimeData 周报 12-14 至 12-20 截至 2024 年 12 月 20 日 18:00，本周融资事件共 103 起（不包括并购 ...

Core Insights - The report highlights a total of 79 financing events this week, with a total financing amount of approximately 59.34 billion RMB, a decrease of 201.76 billion RMB compared to the previous week [1][2] - There were 16 financing events with amounts of 1 billion RMB or more, which is a decrease of 10 events from last week [1] - The report identifies several key financing events, including strategic investments in new alloy materials and engineering plastics, indicating a focus on innovation and market competitiveness [6][7] Financing Events Summary - The financing events this week included 55 disclosed amounts, with a notable distribution across various ranges, including 3 events under 5 million RMB and 1 event over 1 billion RMB [2][5] - The financing amount distribution shows a shift, with 8 events between 5 million and 100 million RMB, and 7 events between 100 million and 500 million RMB [2][5] Industry Focus - The report indicates that the top five industries by financing event count are Information Technology, Electronics, Healthcare, Equipment Manufacturing, and Materials, accounting for 77.21% of total events [13][17] - In terms of financing amount, the leading industries are Materials, Information Technology, and Electric Power Equipment & New Energy, with a combined total of 44.53 billion RMB, representing 75.04% of the total financing [18] Regional Distribution - The report notes that the top five regions for financing events are Guangdong, Jiangsu, Beijing, Shanghai, and Zhejiang, which collectively account for 81.01% of all events [25][29] - In terms of financing amounts, Guangdong leads with 132.58 million RMB, followed by Hunan, Shanghai, Liaoning, and Yunnan, which together account for 72.66% of the total financing [25][29] Investment Rounds - The report shows that Angel and A rounds were the most active, each with 22 events, while B rounds had 12 events, indicating a strong interest in early-stage investments [32][34] - Strategic financing accounted for the highest proportion of financing amounts at 53.12%, followed by equity financing at 21.06% [33] Notable Companies - Key financing events include a strategic investment of 22.9 billion RMB in new alloy materials by China Aluminum International, aimed at enhancing market competitiveness [6] - Wanto Special Plastics completed a strategic financing of 5 billion RMB to boost its R&D capabilities in engineering plastics [7] - New materials company Shilei Fluorine Materials received 3.52 billion RMB in strategic financing to secure a stable supply of lithium hexafluorophosphate [7]

Core Insights - The report highlights a significant increase in financing events, with a total of 81 events reported, up by 23 from the previous week, and a total financing amount of approximately 261.19 billion RMB, an increase of 194.61 billion RMB from last week [1][2] - Notably, there were 26 financing events with amounts exceeding 100 million RMB, which is an increase of 14 events compared to the previous week [1] Financing Events Overview - The report indicates that 59 financing events disclosed their amounts, with a distribution that remained largely consistent with the previous week. The breakdown includes 3 events under 5 million RMB, 23 events between 5 million and 10 million RMB, 5 events between 10 million and 50 million RMB, 18 events between 50 million and 100 million RMB, 7 events between 100 million and 500 million RMB, 2 events between 500 million and 1 billion RMB, and 1 event exceeding 1 billion RMB [2][5] - Key financing events include: - North Electric Integration completed a strategic financing of 199.9 billion RMB aimed at building a 12-inch integrated circuit production line, with expected revenue of 8.34 billion RMB by 2031 [6] - XCMG Automotive announced nearly 1 billion RMB in equity investment to enhance competitiveness in the new energy heavy truck sector [6] - Tongrui Bio completed over 100 million USD in A+ round financing to advance its core technology platform for radioactive drug development [7] - Galaxy General Robotics secured 500 million RMB in strategic financing to enhance its generalization capabilities in humanoid robots [8] Industry Distribution - The report identifies 14 industries involved in financing events, with the top five being healthcare, equipment manufacturing, information technology, electronics, and consumer services, accounting for 79.01% of total events [13][16] - In terms of financing amounts, electronics led with 257.03 billion RMB, significantly influenced by the large financing event of North Electric Integration [17] Regional Distribution - The top five regions for financing events were Zhejiang, Shanghai, Guangdong, Beijing, and Jiangsu, collectively accounting for 67.90% of total events [24] - In terms of financing amounts, Beijing, Jiangsu, Zhejiang, Guangdong, and Sichuan were the leading regions, with a total of 245.47 billion RMB, representing 93.98% of the total financing [24] Financing Rounds - The report notes that angel and A rounds were the most active, each with 25 events, while strategic financing ranked third with 13 events [31] - Strategic financing accounted for the highest proportion of financing amounts at 81.51%, followed by A rounds at 6.13% [32] Investment Institutions - A total of 118 investment institutions participated in financing activities, with Beijing Guoguan, Shenzhen Capital Group, and Qidi Star being the most active [36][37]

Core Insights - The report highlights significant investments in the photovoltaic sector, with major capital inflows from leading investors [1][6] - A total of 76 financing events occurred this week, with a total estimated financing amount of approximately 54.24 billion RMB, marking an increase of 7.39 billion RMB from the previous week [1][2] - The report indicates a concentration of financing activities in specific industries, with information technology, electronics, equipment manufacturing, healthcare, and materials being the top sectors [13][17] Financing Events Summary - This week, there were 16 financing events with amounts exceeding 1 billion RMB, a decrease of 1 from the previous week [1][2] - Notable financing events include: - GCL-Poly Energy completed nearly 500 million RMB in Series C1 financing, aimed at building a gigawatt-level perovskite tandem production line [6] - Anji Sheng Bio completed 120 million USD in Series C financing to support its innovative drug pipeline [6] - Xiaoyu Intelligent Manufacturing raised nearly 100 million RMB in Series A financing to enhance R&D and product innovation [7] - Jingu Co., Ltd. raised 1.185 billion RMB for new product development and market expansion [7][9] Industry Distribution - The report identifies that the top five industries by financing event count are information technology (16 events), electronics (14 events), equipment manufacturing (10 events), healthcare (10 events), and materials (7 events), collectively accounting for 75% of all financing events [13][17] - By financing amount, the leading sectors are automotive, healthcare, modern finance, electric equipment and new energy, and electronics, which together represent 79.5% of the total financing amount [17] Regional Distribution - The top five regions for financing events are Guangdong, Jiangsu, Beijing, Zhejiang, and Shanghai, which together account for 75% of all financing events [23] - In terms of financing amount, Zhejiang leads with 211.35 million RMB, followed by Guangdong and Beijing [23][27] Financing Rounds - The report notes that angel and A rounds were the most active, totaling 47 events, with early-stage financing (A round and earlier) accounting for 63.16% of the total [31][32] - Equity financing constituted the highest share of financing amounts at 27.57%, followed closely by Series C financing at 27.15% [31][32] Investment Institutions - A total of 117 investment institutions participated in financing activities this week, with Jinshi Investment being the most active with 7 investments [37] - Other notable institutions include Beijing Guoguan and Zhongtai Securities, each with multiple investments [37] Exit Situation - There were 20 public exit cases this week, a decrease of 4 from the previous week, with equity transfers being the most common exit method [38][40] - The electronics sector had the highest number of exit cases, followed by electric equipment and new energy, and consumer goods and services [40]

Investment Rating - The report indicates a resurgence in investment activity within the healthcare sector, particularly in the context of financing events and amounts [1]. Core Insights - A total of 88 financing events were recorded this week, an increase of 9 from the previous week, with a total financing amount of approximately 4.685 billion RMB, which is a decrease of 1.249 billion RMB compared to last week [1]. - The healthcare sector remains a focal point, with significant financing events in molecular diagnostics and gene editing technologies, highlighting ongoing innovation and investment interest [6][7]. Financing Events Summary - The distribution of financing events by amount shows that there were 17 events with amounts of 100 million RMB or more, an increase of 1 from the previous week [1]. - The financing amount distribution indicates that 58 disclosed financing events had a relatively stable structure compared to the previous week, with notable increases in the 10 million to 50 million RMB range [2]. - The top sectors by financing event count include equipment manufacturing, healthcare, electronics, information technology, and automotive, collectively accounting for 72.73% of all events [13]. Sector Analysis - The healthcare sector led in financing amounts, driven by significant events such as the 800 million USD B round financing for Jitong Medical and over 400 million RMB B2 round financing for Yafei Bio [13]. - Equipment manufacturing ranked first in the number of financing events, particularly in the robotics sub-sector, which saw 5 events [13]. Regional Distribution - The top five regions for financing events were Shanghai, Jiangsu, Guangdong, Zhejiang, and Beijing, accounting for 70.45% of all events [23]. - In terms of financing amounts, Shanghai led with 2.118 billion RMB, representing 45.20% of the total financing this week [27]. Financing Rounds - The most active financing rounds were angel and A rounds, totaling 61 events, with early-stage financing (A rounds and earlier) comprising 72.73% of the total [32]. - A round financing accounted for the highest share of financing amounts at 41.17%, followed by B round financing at 32.78% [32]. Investment Institutions - A total of 107 investment institutions participated this week, with notable activity from Tianjin Kechuang and several others, indicating a robust investment environment [40].

玻璃基板：大厂争相布局的 AI 焦点 2024-12-18 玻璃基板：大厂争相布局的 AI 焦点 原创 来觅研究院 RimeData 来觅数据 撰稿 李沛瑶 2024-12-18 导读：2023 年 9 月，英特尔宣布推出业界首个用于先进封装应用的玻璃基板技术。2024 年 1 月，三星 电机宣布进入玻璃基板。2024 年 9 月，台积电宣布将大力开发 FOPLP（扇出型面板级封装）技术，玻 璃基板成为其关键战略要素。此外，Nvidia、AMD 也在开发利用玻璃基板的芯片技术。玻璃基板成为焦 点的原因在哪？有什么优劣势？国内投融现状如何？本文尝试分析和探讨。 玻璃基板为何成为焦点 | --- | |----------------------------------------------------------------------------------------------------| | | | 玻璃基板在电子工业里并非新生事物，其具有良好的光学透明度、热稳定性和化学稳定性，能够承受制造 | | 过程中较高的温度和化学处理，此前被广泛用于显示面板材料的载体。 在半导体封装中，玻璃基板就是用 | ...

Industry Investment Rating - The report does not explicitly provide an industry investment rating [1] Core Viewpoints - The smart glasses market is poised for a "hundred-glasses battle" in 2025, with major players like Xiaomi, Huawei, Meizu, and Baidu entering the market [1] - Ray-Ban Meta's success is attributed to its improved camera quality, audio, battery life, and AI integration, with sales expected to exceed 2 million units in 2024 [2][6] - Smart glasses are evolving from being just electronic gadgets to becoming useful AI assistants, with a focus on improving traditional eyewear experiences [6][8] - The integration of AI and multimodal capabilities is key to the future development of smart glasses [6][15] Market Dynamics - The smart glasses market is experiencing rapid growth, with a 128.2% increase in shipments in 2023 and an expected 100% growth in 2024 [17] - The market is expected to reach a milestone of 10 million units shipped annually by 2025, signaling a potential market explosion [17] - Major tech companies and AR startups are actively investing in the smart glasses sector, with significant funding rounds observed in 2023 and 2024 [17][20] Product Development - Ray-Ban Meta's second-generation product features a 12MP camera, 1080P 60fps video recording, and improved AI functionalities, making it a strong competitor in the market [2][6] - The focus on lightweight materials like titanium alloy and carbon fiber is expected to address current weight issues in smart glasses [14] - Battery life remains a challenge, with current smart glasses offering only around 4 hours of usage, prompting the need for low-power solutions and solid-state batteries [14] Consumer Preferences - Consumers prioritize camera quality, audio, and design when choosing smart glasses, with 50% of respondents highlighting these features as most important [4][5] - The integration of AI for translation, object recognition, and voice interaction is increasingly valued by users [6][15] Industry Challenges - Privacy and security concerns are growing as smart glasses become more capable of capturing and sharing data without explicit user consent [14] - The need for seamless integration with social media platforms and other software ecosystems is critical for the success of smart glasses [15] Investment and Funding - Significant funding rounds have been observed in the smart glasses sector, with companies like Li Weike, NED+AR, and Thunderbird Innovation securing substantial investments [20] - The involvement of major players like Xiaomi, ByteDance, and Apple indicates a strong interest in the smart glasses market [17][20]

Industry Investment Rating - The report highlights the semiconductor equipment components industry as a key focus for domestic substitution, indicating a positive outlook for investment in this sector [1][12] Core Views - Semiconductor equipment components are critical to the performance and reliability of semiconductor devices, with their quality and precision directly impacting device stability [2][3] - The global semiconductor equipment components market is highly fragmented, with leading companies primarily from the US, Japan, and Europe [7] - Domestic substitution of semiconductor equipment components in China is still in its early stages, with low localization rates across various product categories [8][12] - The semiconductor equipment components market in China is expected to reach $17 billion in 2024, with a growth rate of over 5% in the coming years [13][16] Industry Overview - Semiconductor equipment components are categorized into mechanical, electrical, electromechanical, vacuum, instrumentation, and optical classes, with mechanical components holding the largest market share at 27% [3][5] - The industry faces significant technical barriers due to the high precision, small batch sizes, and complex processes required for semiconductor manufacturing [17][19] - Key challenges include difficulties in sourcing raw materials, customer certification, and limited market space for individual products [18][20] Market Dynamics - The semiconductor equipment components market is closely tied to the semiconductor equipment market, with China being a major region for semiconductor equipment expenditure, accounting for 45.1% of global spending in 2024 [13] - The localization rate of semiconductor equipment components in China varies significantly by product, with some categories like quartz components and spray heads exceeding 10% localization, while others like RF power supplies and valves remain below 5% [8][10] Future Trends - Platformization and modularization are emerging as key strategies for semiconductor equipment component companies to expand their product lines and improve competitiveness [21][23] - The industry is expected to see increased M&A activity as companies seek to broaden their product offerings and achieve platform-based growth [21][24] Investment and Financing - The semiconductor equipment components sector has seen significant investment activity in 2024, with early-stage funding rounds dominating the landscape [25][27] - Notable investments include Pre-A and A rounds for companies like Ruifan Plasma, Xilis Laser, and Yasheng Semiconductor, with funding amounts ranging from millions to hundreds of millions of RMB [27] Competitive Landscape - Leading global players in the semiconductor equipment components market include ZEISS, Entegris, MKS Instrument, Altas Copco, and Trumpf, which collectively hold over 50% of the market share [7] - Domestic Chinese companies are gradually entering the market, with some achieving localization rates of over 10% in specific product categories like quartz components and spray heads [10]

Financing Overview - A total of 73 financing events occurred from October 19 to October 25, 2024, with a total financing amount of approximately 5.34 billion RMB, a decrease of 280 million RMB from the previous week[1] - There were 16 financing events with amounts of 100 million RMB or more, down by 2 from the previous week[1] - 37 public exit cases were recorded, a decrease of 24 from the previous week[1] Financing Amount Distribution - Among the disclosed financing events, 49 had reported amounts, with 10.32% (approximately 551 million RMB) of the total financing amount being estimated due to undisclosed figures[2] - The distribution of financing amounts showed stability compared to the previous week, with 2 events below 5 million RMB, 18 events between 5 million and 10 million RMB, and 9 events between 10 million and 50 million RMB[2] Notable Financing Events - Didi Autonomous Driving completed a C round financing of 298 million USD (approximately 2.98 billion RMB) on October 22, 2024, led by GAC Group[6] - MAXIEYE, an autonomous driving company, raised approximately 570 million RMB in a new financing round on October 24, 2024[7] - Element Driven, a synthetic biology company, completed a 200 million RMB A round financing on October 24, 2024[7] Industry Distribution - The top five industries by financing event count were equipment manufacturing, information technology, healthcare, electronics, and materials, accounting for 79.45% of total events[12] - By financing amount, the automotive industry led with 49.12 billion RMB, primarily due to significant investments in autonomous driving[16] Regional Distribution - The top five regions for financing events were Guangdong, Jiangsu, Shanghai, Beijing, and Zhejiang, totaling 55 events, which is 75.34% of all events[21] - Shanghai accounted for 44.06% of the total financing amount, significantly influenced by Didi's financing event[21] Financing Round Activity - Angel rounds were the most active with 28 events, followed by A rounds with 20 events, together accounting for 63.75% of total events[27] - C rounds had the highest financing amount share at 39.75%, while B rounds accounted for 16.86%[32] Investment Institutions - A total of 84 investment institutions participated in financing, with Yuanhe Holdings being the most active with 3 investments[36] Exit Situation - There were 37 public exit cases, with 9 being equity transfers, 1 merger, and 4 IPOs, indicating a decrease in overall exit activity[43]