上海市北高新股份有限公司2025年半年度报告摘要

Core Viewpoint - The company plans to invest up to RMB 60 million to establish a venture capital partnership focused on the brain science industry, aiming to enhance its investment and incubation capabilities [12][13][26]. Group 1: Company Overview - The company is Shanghai Beihigh New Co., Ltd., with stock codes 600604 and 900902 [5]. - The company has not undergone any changes in its controlling shareholder or actual controller [2][5]. Group 2: Financial Data - The company reported no new real estate reserve projects or new construction projects in the second quarter of 2025 [30]. - The company achieved a rental income of RMB 113 million in the second quarter of 2025, a decrease of 8.98% compared to the same period in 2024 [31]. Group 3: Investment Details - The company will participate as a limited partner in the Shanghai Delian Bojian Venture Capital Partnership, holding a 20% share [12][13]. - The total fund size is set at RMB 300 million, with a focus on early-stage and growth-stage investments in the brain science sector [20][22]. - The investment period is four years, followed by a four-year exit period, with a potential one-year extension [21][22]. Group 4: Governance and Decision-Making - The board of directors approved the investment proposal unanimously, with all seven directors present voting in favor [6][9][14]. - The investment does not constitute a related party transaction or a major asset restructuring as per regulatory definitions [14].