国家大基金一期向股东方返还资本金180亿元

Core Viewpoint - The National Integrated Circuit Industry Investment Fund Co., Ltd. (referred to as "Big Fund Phase I") has been approved to return an investment principal of 18 billion yuan to its shareholders, reducing its registered capital from 98.72 billion yuan to 80.72 billion yuan, indicating a positive operational cycle for the national industry fund [1] Group 1 - Big Fund Phase I was established in 2014 with a 15-year duration, focusing on investments in the integrated circuit industry [1] - The capital reduction distribution is a legal channel for returning shareholder contributions and a common method for private equity funds to manage capital flexibility [1] - The decision to return 18 billion yuan to shareholders in 2025 reflects the actual exit situation of Big Fund Phase I and suggests a gradual improvement in the fund's operational cycle [1] Group 2 - Currently, Big Fund is operating well, with the second phase and subsequent funds continuing to invest in the integrated circuit sector to support healthy and stable industry development [1] - The third phase fund has been established in 2024 and has raised more capital than the combined total of the first two phases [1]