Q1融资额暴跌67%，智能制造领跑453笔融资，江苏成最热投资地丨投融资季报

Group 1 - In Q1 2025, China's primary market saw 1,843 financing events, a decrease of 290 events (14%) from the previous quarter and 994 events (35%) year-on-year [1][5] - The total disclosed financing amount reached 88.867 billion RMB, down by 50.768 billion RMB (36%) from the previous quarter and 179.385 billion RMB (67%) year-on-year [1][5] - The most popular financing sectors included intelligent manufacturing (453 events), artificial intelligence (267 events), and healthcare (251 events), with intelligent manufacturing experiencing a significant decline of 15% from the previous quarter [1] Group 2 - The top five regions for financing events were Jiangsu (322), Guangdong (301), Beijing (270), Shanghai (212), and Zhejiang (211) [2][15] - The distribution of financing events by stage showed early-stage events at 1,421 (77.1%), growth-stage at 362 (19.64%), and late-stage at 60 (3.26%) [3][17] - In terms of disclosed financing amounts, early-stage accounted for 571.75 billion RMB (65.19%), growth-stage for 213.82 billion RMB (24.38%), and late-stage for 91.54 billion RMB (10.43%) [17] Group 3 - In Q1 2025, there were 107 new large financing events globally, with China contributing 16 events, representing 15% of the global total [4][22] - A total of 65 Chinese companies completed IPOs, a decrease of 16% from the previous quarter but an increase of 20% year-on-year, raising a total of 31.044 billion RMB [41][42] - The number of mergers and acquisitions (M&A) events in China was 96, down 45% from the previous quarter and 53% year-on-year, with a disclosed total amount of 9.309 billion RMB [51] Group 4 - The top five industries for financing events accounted for 1,237 events (67% of total), including intelligent manufacturing, artificial intelligence, healthcare, materials, and enterprise services [8][11] - The leading sectors for disclosed transaction amounts were also intelligent manufacturing, artificial intelligence, healthcare, materials, and automotive transportation, totaling 74.271 billion RMB (84% of total) [11] - The most active VC/PE institutions included Qiji Chuangtan (26 events), Shenzhen Capital Group (25 events), and Hefei Guoyao Capital (22 events) [34][35]