Hygon Information Technology (SH:688041) 投资界·2025-09-24 07:56Core Viewpoint - The article highlights the remarkable investment journey of Haiguang Information, which has generated significant returns for its investors, particularly Chengdu State-owned Assets, through strategic investments and market positioning in the CPU industry [3][7][10]. Investment Journey - Haiguang Information was established in October 2014 amid a global CPU market dominated by American companies, with a focus on CPU research and development [5]. - Chengdu State-owned Assets invested approximately 8.13 billion yuan for a 6.5 billion share stake in Haiguang Information in January 2016, which has since yielded substantial returns [6][8]. - The company successfully launched its first CPU product, Haiguang No. 1, in 2018, followed by Haiguang No. 2, leading to increased investor interest and subsequent funding rounds [6][7]. Financial Performance - As of September 2023, Haiguang Information's stock price reached 259 yuan per share, representing over a sevenfold increase from its IPO price, with a market capitalization exceeding 600 billion yuan [3][7]. - Chengdu State-owned Assets has realized a paper profit exceeding 100 billion yuan from its holdings, having recouped its initial investment prior to the IPO through share transfers [8][10]. Strategic Importance - The investment in Haiguang Information has not only been financially rewarding but has also contributed to the local economy by establishing key subsidiaries in Chengdu, which have become major revenue contributors [10][11]. - The article emphasizes the importance of strategic investments by local governments to foster industry growth, drawing parallels with other successful cases in China [11].