新增独角兽企业全国第一 深圳耐心资本影响渐显

Core Insights - Shenzhen has become a fertile ground for hard-tech unicorn companies, with 42 unicorns valued at a total of $159.9 billion, averaging $3.71 billion per unicorn, according to the "GEI China Unicorn Enterprise Research Report 2025" [1][2] - In 2024, China is expected to have 372 unicorns, with Shenzhen contributing 13 new unicorns, the highest in the country, accounting for one-fourth of the national total [1][3] Industry Overview - The unicorns in Shenzhen are primarily concentrated in hard-tech sectors, with over 60% in cutting-edge technology fields, and more than 80% exhibiting global characteristics [1][2][6] - The integrated circuit sector leads with 56 companies valued at $161.8 billion, while commercial aerospace has seen a 150% growth rate, making it the fastest-growing field [2][6] Investment Landscape - In terms of capital, RMB financing has risen to 74.3%, with state-owned enterprises participating in 60% of the investments, indicating a clear focus on critical technology areas [2][12] - The investment characteristics for 2024 show a trend of "low frequency, large amounts," with 10 companies receiving significant investments, including 引望智能 and 英飞源 [8][12] Growth Dynamics - The growth of unicorns in Shenzhen is characterized by rapid development, often incubated by larger enterprises, with 引望智能 achieving a valuation of $11.5 billion within a year [8][9] - The number of unicorns in Shenzhen has increased from 12 in 2016 to 42 in 2024, with total valuation rising from $39.4 billion to $159.9 billion [7][9] Government Support - The Shenzhen government has implemented action plans to support the development of unicorns, aiming to cultivate 80 unicorns and 1,000 gazelle companies by 2027 [9][12] - Over 36% of the unicorns have received support from government-guided funds, with total investments exceeding $20 billion [12][13] Future Outlook - Shenzhen aims to become an internationally influential hub for unicorn companies by continuously enhancing its innovation ecosystem and encouraging a culture of enterprise-driven innovation [14]