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【私募调研记录】呈瑞投资调研云从科技、金橙子
Zheng Quan Zhi Xing·2025-09-04 00:09

Group 1: Yuncong Technology - The company is focusing on AI inference chip development through industrial investment and has strategically invested in Yisiwei Computing, a leading player in the domestic RISC-V field [1] - Yuncong Technology has established partnerships with multiple financial institutions to provide services such as financial big models, big data services, risk control, marketing, live detection, and dual recording [1] - The company's technology and products are primarily applied in the field of autonomous vehicles, focusing on the "vehicle-road-cloud" collaborative system for intelligent connected vehicles [1] Group 2: Jinchengzi - In the first half of 2025, the company achieved operating revenue of 132.68 million yuan, a year-on-year increase of 21.56%, and a net profit attributable to shareholders of 27.70 million yuan, up 64.58% year-on-year [2] - The growth in performance is attributed to market expansion and cost control, with the company enhancing competitiveness through employee stock ownership, governance optimization, and the acquisition of Samit [2] - Samit is expected to generate revenue of 57.55 million yuan and a net profit of 21.05 million yuan in 2024, with technology at an internationally advanced level, applicable in fields such as aviation detection and laser communication [2] - The company is entering the consumer-grade 3D printing sector with its ToC consumer-grade control card currently in the testing phase, and the acquisition plan includes performance and impairment compensation to support sustainable development [2] Group 3: Company Overview - Shanghai Chengrui Investment Management Co., Ltd. was established in May 2010 with a registered capital of 11 million yuan and became a private equity fund manager in April 2014 [3] - The company focuses on the secondary market and covers major asset allocation, employing strategies such as macro hedging, high-frequency alpha, and CTA strategies, all developed in-house [3] - The investment research team consists of 33 highly qualified professionals with strong educational backgrounds and extensive investment experience, with members graduating from prestigious universities [3] - The company has received numerous awards and recognitions, including being ranked among the top private equity firms in China and winning various industry awards for its performance [3]