SHLG(SH:600848) Di Yi Cai Jing·2025-10-31 09:16Core Viewpoint - Lingang Group is undergoing a significant transformation from large-scale development to investment attraction, industrial cultivation, and operational services, marked by the establishment of the Shanghai Lingang Economic Development Co., Ltd. [2] Group Overview - Lingang Group is a state-owned enterprise under the Shanghai municipal government, focusing on park investment operations, professional enterprise services, and sci-tech industry investments, playing a key role in the development of the Lingang New Area [2][3]. Strategic Initiatives - The establishment of the Lingang Economic Development Company is a strategic move to shift from a functional platform to a market-oriented company, reflecting the need for advanced manufacturing and technological innovation in the context of national competition [2][3]. - The company aims to enhance industrial aggregation and investment capabilities, contributing to the high-quality economic development of Shanghai and the Lingang New Area [2]. Current Operations - Lingang Group currently manages 28 parks in Shanghai, covering over 200 square kilometers, which accounts for 22% of the total planned area of Shanghai's development zones [3]. - The projected revenue for park enterprises in 2024 is CNY 1.97 trillion, with an industrial output value exceeding CNY 570 billion [3]. Challenges and Responses - Lingang Group has faced challenges such as low industrial aggregation, limited project sources, and insufficient enterprise stickiness, prompting the establishment of a specialized investment attraction company [3]. - The company is adapting to a new investment landscape by shifting focus from competing on rent and policies to deepening industry engagement and resource integration [3]. Collaboration and Agreements - A strategic cooperation agreement was signed with the Shanghai Investment Promotion Service Center to enhance collaboration in five key areas, including industry mapping and project promotion [4][5]. - The company will also work closely with the Shanghai Lingang New Area International Investment Development Co., Ltd. to establish a joint working group for major investment projects in key sectors such as new energy vehicles and aerospace [5].