创投月报 | 毅达资本： 年内已募六只基金合计近38亿 9月投资事件活跃度创新高

Group 1: Private Equity and Venture Capital Market Trends - In September 2025, only 4 new private equity and venture capital fund managers were registered, a 20% decrease from August and a 71.4% decrease compared to September 2024 [1] - A total of 557 new private equity and venture capital funds were registered, showing an 83.8% year-on-year increase and a 51.4% month-on-month increase [1] - The domestic primary equity investment market recorded 686 financing events, with a year-on-year increase of 37.8% and a month-on-month increase of 21.4% [1] Group 2: Yida Capital's Investment Activities - Yida Capital, managing over 120 billion yuan, focuses on various investment stages including angel, early, growth, and mature phases, with a strong emphasis on advanced manufacturing and clean technology [3][9] - As of September 2025, Yida Capital registered 6 new funds with a total capital contribution of 3.788 billion yuan, including a new fund with a contribution of 100 million yuan [3] - Yida Capital's investment events increased to 12 in September 2025, a threefold increase compared to September 2024, indicating a recovery in investment activity following a temporary slowdown [4] Group 3: Investment Focus and Strategy - Yida Capital predominantly invests in growth-stage projects, with B and C round investments making up about one-third of their portfolio, while A round investments also account for one-third [6] - Over 40% of Yida Capital's investments are concentrated in advanced manufacturing, particularly in integrated circuit projects, aligning with national strategies for manufacturing upgrades [9] - Yida Capital's investment strategy includes a focus on local projects in Jiangsu, with approximately 33.3% of investments registered in the province, while also diversifying investments across key regions like Zhejiang and Shenzhen [11] Group 4: Recent Investment Case - Yida Capital increased its stake in Honghu Wanlian, a smart IoT operating system developer, participating in a new round of financing led by Ruihui Capital [13] - Honghu Wanlian, established in 2022, focuses on the development and industrialization of the open-source Harmony operating system, with its core product, SwanLinkOS, being widely applied in critical infrastructure sectors [13]