【私募调研记录】聆泽投资调研中科三环

Group 1 - The core viewpoint of the news is that Lingze Investment has conducted research on a listed company, Zhongke Sanhuan, which has products widely used in various fields such as automotive, consumer electronics, and industrial robotics [1] - Zhongke Sanhuan's products are affected by export controls, particularly those involving neodymium-iron-boron permanent magnet materials containing dysprosium and terbium, with a slight year-on-year decrease in export proportion [1] - The company has made progress in reducing the use of heavy rare earths through technologies such as grain refinement and grain boundary diffusion [1] - Zhongke Sanhuan is recovering magnetic material scraps through partnerships with external raw material suppliers to meet customer requirements [1] - The product pricing cycle is 2-3 months, with prices determined through negotiations based on raw material costs and other factors [1] - The company has had years of application in the industrial robotics sector, with humanoid robots still in the research and development stage, which is expected to have a positive impact in the future [1] Group 2 - Lingze Investment Management Co., Ltd. has a core team with many years of investment experience and a deep understanding of investment risks [2] - The company maintains a rigorous compliance management system and provides high-quality customer service [2] - Lingze Investment emphasizes integrity, professionalism, and win-win cooperation, with a significant proportion of co-investment in its own fund products, closely aligning its interests with those of its clients [2] - The company aims to manage clients' funds sincerely and effectively, striving to be a reputable private equity firm with low management fees and high transparency [2]