【私募调研记录】明汯投资调研华自科技

Group 1 - Mingyuan Investment recently conducted research on Huazi Technology, a listed company, which has been involved in lithium battery equipment since 2017 through the acquisition of Jingshi Electromechanical [1] - Huazi Technology's major clients include leading lithium battery manufacturers such as CTL, Ganfeng, and XINWANDA, with new orders exceeding 2 billion yuan from the end of 2020 to 2021 [1] - Although orders declined from 2022 to 2024, the company has secured nearly 1 billion yuan in new orders since December of last year [1] - The company has successfully expanded into the European market and has received orders in this region [1] - In the solid-state battery sector, Huazi Technology is developing high-temperature fixtures, increasing pressure levels from 3-5 tons to 60-80 tons [1] - The company's competitive advantages include stable, safe, and efficient equipment, with the charging and discharging precision of its formation and capacity power supply system exceeding industry standards [1] - In the hydropower sector, Huazi Technology leads the global market for small and medium-sized hydropower automation control equipment and is actively involved in key projects, including the Yarlung Tsangpo River hydropower station construction [1] Group 2 - Mingyuan Investment Management Co., Ltd. was established in 2014 in Shanghai and has a registered capital of 10 million yuan [2] - The company specializes in quantitative investment, leveraging strong data mining, statistical analysis, and software development capabilities to build a programmatic trading system and asset management platform [2] - Mingyuan Investment has a diverse strategy development team and a robust strategy library, focusing on various investment strategies including quantitative stock selection, CTA, and arbitrage [2] - The firm has a deep understanding of the financial securities market, with a team experienced in domestic and international asset management and quantitative fund investment [2] - Mingyuan Investment aims to explore and research quantitative investment strategies suitable for the characteristics of the Chinese capital market, incorporating mature experiences and technologies from leading global financial institutions [2]