大赛评委之一、俄罗斯工程院外籍院士、南方科技大学讲席教授王凭慧表示，本次大赛参赛项目整体水 平高，集中于人工智能前沿领域，代表了新质生产力的发展方向。他强调，先进的科技必须与实际的产 业需求紧密结合，转化为具体的产品与应用，才能真正产生价值。 值得一提的是，大赛主办方为参赛项目提供了"3万平方米产业空间+3亿基金"、产业空间免租、推荐申 报东莞创新科研团队或青年科技人才创业项目等奖励措施，并组建了15支专业服务团队，构建政府、企 业、园区联动的招商服务体系，推动创新成果从"赛场"快速走向"市场"。(完) 据介绍，自10月启动以来，大赛共吸引来自香港、台湾、北京、上海、深圳、东莞等城市的387个优质 项目报名。其中，31支队伍凭借过硬的技术实力与清晰的商业逻辑，从初赛脱颖而出晋级半决赛，其中 半导体集成电路、新能源与新材料领域各占9个项目，人工智能领域8个项目，具身机器人3个项目，低 空经济2个项目。 经过激烈角逐，最终，以"新材锐显"为代表的十个优秀项目分获大赛一、二、三等奖。 中新网东莞12月23日电 (记者 许青青)"智汇东莞·聚创未来"2025年东莞市莞港澳台侨创新创业大赛半决 赛、决赛22日在该市凤岗 ...

12月22日，"智汇东莞·聚创未来"2025年东莞市莞港澳台侨创新创业大赛半决赛、决赛在凤岗镇京东智 谷举行。现场超20个优质项目与凤岗镇签署落地意向，生动实践了"以赛引才、以赛促产"。本次大赛深 度契合东莞"十五五"时期，"智创优品 和美宜居"城市发展战略目标，为汇聚湾区创新动能、推动新质 生产力发展提供了强力引擎。 据悉，大赛为参赛项目提供了"3万㎡产业空间+3亿基金"、产业空间免租、推荐申报东莞创新科研团队 或青年科技人才创业项目等奖励措施。主办方专门组建了15支专业服务团队，构建政府、企业、园区联 动的招商服务体系，为参赛项目提供"一对一"精准对接与全流程赋能，推动创新成果从"赛场"快速走 向"市场"。 来自深圳市深磁创芯科技有限公司是一家致力于研发下一代存算一体磁芯片的初创企业，在本次大赛中 获得二等奖。赛后，团队成员表示，此次获奖对初创团队是极大的信心鼓舞，东莞坚实的制造业基础与 邻近下游客户的区位优势，将为其后续发展提供强大助力。他们期待能充分享受当地针对人才、初创企 业及港澳台项目的各项扶持政策。 科学家领衔为参赛项目提供指导 12月22日，作为2025东莞高层次人才活动周的重要一环，"智汇东 ...

【导读】智慧互联产业基金总经理高宏亮认为，科技强国和创业投资黄金时代已经到来 中国基金报记者 刘明 12 月 5 日，深圳全球招商大会在深圳开幕，来自全球 30 多个国家和地区的超过 1000 家 企业和机构现场参会。在 " 产业升级，战新聚势 " 罗湖招商考察活动分享环节中，智慧互联 产业基金总经理高宏亮发表演讲时表示，科技强国和创业投资黄金时代已经到来。 高宏亮指出， " 十五五 " 规划的建议中，包含着新质生产关系广泛的积极举措，将支撑新质 生产力黄金时代的到来。 高宏亮认为，要像过去支持城投债和房贷（ " 瓦片基金 " ）那样更大力度支持科创债（ " 芯 片基金 " ），各级政府要以极大力度推动科创债组建产业母基金。 " 芯片基金 " 门槛收益将 比照 " 瓦片基金 " 和同期国债，让利实体经济；高宏亮对最近 10 年 A 股上市公司的实证研 究表明，一家上市公司从创业至上市的周期约 17 年，而目前创投基金的存续期大部分仅 8 年，创业企业饱受 " 退出 " 困扰。高宏亮认为， " 芯片基金 " 存续期要参照 " 瓦片基金 " 进行设计，创投基金要有 15 年或以上的存续期限，就能更好地陪伴科创企业 ...

Group 1 - The "2025 Dongguan Innovation and Entrepreneurship Competition" has been launched, focusing on five strategic emerging fields: artificial intelligence, embodied robotics, new energy and new materials, low-altitude economy, and semiconductor integrated circuits [1] - The competition aims to connect talent, industry, and culture chains among Dongguan, Hong Kong, Macau, Taiwan, and global overseas Chinese entrepreneurs, promoting cross-regional innovation factor flow [1] - The competition is open to individuals or teams (up to 5 members), requiring participants to have marketable independent or original technology results and a willingness to register in Dongguan [1] Group 2 - The competition offers a total of 10 awards: 1 first prize, 2 second prizes, and 7 third prizes, with the highest award including a cash prize of 50,000 yuan and a rental-free industrial space of 2,000 square meters for 2 years (valued at approximately 1.5 million yuan) [2] - Projects that reach the semifinals will receive support in terms of industrial space, equity investment, and industry chain connections, while those winning second prize or above can be recommended for additional funding opportunities [2] - A team of entrepreneurial mentors will provide systematic guidance on technology transformation, business models, and resource connections to enhance project quality and development potential [2]

Core Points - The "2025 Dongguan City Innovation and Entrepreneurship Competition" was launched to support entrepreneurial needs from Hong Kong, Macau, Taiwan, and overseas Chinese communities, offering 30,000 square meters of entrepreneurial space and 300 million yuan in equity investment [1][2] - The competition focuses on five strategic emerging fields: artificial intelligence, embodied robotics, new energy and new materials, low-altitude economy, and semiconductor integrated circuits, aiming to enhance the flow of innovation elements across regions [1][3] Group 1 - The competition provides 30,000 square meters of rent-free industrial space for projects that land, with a minimum rent-free period of six months [2] - Projects entering the semifinals will receive support in terms of industrial space, equity investment, and industry chain connections [2] - Winners of second prize and above can be recommended for city-level funding, with a maximum award of 1 million yuan for selected innovative research teams or youth technology entrepreneurship projects [2] Group 2 - A team of entrepreneurial mentors, consisting of experienced entrepreneurs and park operation leaders, will provide systematic guidance on technology transformation, business models, and resource connections [2] - The competition will be held in three stages: preliminary, semifinals, and finals, with awards including a first prize of 50,000 yuan, a second prize of 50,000 yuan, and a third prize of 50,000 yuan, along with rent-free industrial space for two years valued at 1.5 million yuan [5] - The event aims to showcase Dongguan's image as a "Manufacturing City" and Fenggang's "Innovation and Entrepreneurship High Ground," attracting high-level talent and quality projects [3]

Core Viewpoint - Kangda New Materials (002669.SH) is making a significant move in its "new materials + electronic technology" strategy by planning to acquire 51% of Chengdu Zhongke Huamei Electronics Co., Ltd. for 275 million yuan, which will make Zhongke Huamei a subsidiary of Kangda New Materials [1][2]. Group 1: Acquisition Details - The acquisition involves a cash payment of 275 million yuan, and it has been approved by the company's board without requiring shareholder voting [2]. - After the acquisition, Zhongke Huamei will be included in the consolidated financial statements of Kangda New Materials [2]. - Zhongke Huamei has committed to achieving net profits of no less than 40 million, 50 million, and 60 million yuan for the years 2025 to 2027, respectively [3]. Group 2: Strategic Implications - The acquisition is aimed at expanding Kangda New Materials' presence in the semiconductor integrated circuit sector, particularly in special integrated circuit design and testing, which is expected to create new profit growth points and enhance the company's profitability and sustainability [1][3]. - The existing semiconductor materials business of Kangda, such as CMP polishing liquids and sputtering targets, will synergize with Zhongke Huamei's integrated circuit design business, contributing to a complete industry chain from design to manufacturing and packaging testing [3]. Group 3: Financial Performance and Future Outlook - Kangda New Materials anticipates turning a profit in the first half of 2025, projecting a net profit of 50 to 55 million yuan, compared to a loss in the previous year [1][6]. - The company reported a revenue of 877 million yuan in the first quarter of 2025, marking a year-on-year increase of 63.74%, with a net profit growth of 125.70% [6]. - The sales of adhesive and specialty resin products have steadily increased, driven by strong demand in the wind power sector, which has become a key growth driver for the company's business [6].

Group 1 - Company plans to acquire 51% stake in Chengdu Zhongke Huamei Electronics for RMB 275 million [1][2] - Zhongke Huamei specializes in high-reliability integrated circuit products and has established four product lines: microcontroller chips (MCU), general integrated circuits, high power density power supplies, and system-in-package (SiP) [1] - The valuation report indicates that the total equity value of Zhongke Huamei is RMB 541 million, representing an increase of RMB 431 million and a growth rate of 391.07% [1] Group 2 - The acquisition will make Zhongke Huamei a subsidiary of the company, which will be included in the consolidated financial statements [2] - Performance commitments from existing shareholders include a net profit of no less than RMB 40 million, RMB 50 million, and RMB 60 million for the years 2025, 2026, and 2027 respectively [2] - The acquisition aligns with the company's strategy to expand into the semiconductor integrated circuit sector and is expected to enhance profitability and operational sustainability [2][3] Group 3 - As a state-controlled enterprise, the company aims to accelerate its strategic transformation towards the semiconductor integrated circuit industry [3] - The company focuses on addressing critical "bottleneck" issues and filling domestic gaps in the semiconductor field, emphasizing "hard technology" [3] - The company is building an industry chain that encompasses integrated circuit design, manufacturing (including ICs and power semiconductor devices), and packaging/testing [3]

Core Viewpoint - Kangda New Materials plans to acquire 51% of Chengdu Zhongke Huamei Electronics for 275 million yuan, aiming to expand its presence in the semiconductor integrated circuit sector [1] Group 1: Acquisition Details - The acquisition will be conducted in cash amounting to 275 million yuan [1] - After the transaction, Zhongke Huamei will become a subsidiary controlled by Kangda New Materials [1] Group 2: Strategic Intent - The company aims to enhance its capabilities in the semiconductor integrated circuit field through this acquisition [1] - The focus is on integrating high-quality assets in the specialized integrated circuit design and testing sectors [1]

Core Viewpoint - Venture capital has become a crucial lever for local economic development in China, with cities actively enhancing their investment environments and attracting quality investment institutions and innovative enterprises [1]. Group 1: City Venture Capital Activity - The 2024 China City Venture Capital Activity Index ranks Shanghai, Shenzhen, and Beijing as the top three cities, showing a significant lead over other cities [3]. - From 2018 to 2024, the overall trend of city venture capital activity indices has shown a fluctuating decline, with Beijing experiencing the most significant drop from 4302 in 2020 to 2166 [6]. - In terms of fundraising, Beijing ranks first due to its concentration of top financial institutions and national-level funding platforms, followed by Shanghai and Suzhou [8][11]. Group 2: Investment Trends - Shanghai leads the investment index in 2024, with Beijing and Shenzhen following closely behind, indicating a strong investment cluster in the Yangtze River Delta [12]. - The number of investment projects and financing events in Shanghai and Shenzhen accounts for 37% of the total in the top 10 cities, highlighting their roles as innovation engines [14]. Group 3: Exit Efficiency - Shenzhen has the highest exit index, breaking the previous dominance of Beijing and Shanghai in fundraising and investment, showcasing its exit efficiency advantage [15]. Group 4: City Innovation Power - The city innovation power index is closely linked to venture capital activity, with Beijing, Shanghai, and Shenzhen leading in both indices, indicating a symbiotic relationship between innovation and venture capital [19]. - Beijing's innovation power is bolstered by its national laboratories and top universities, while Shanghai benefits from its leading enterprises [20]. Group 5: Sector Concentration - The semiconductor and integrated circuit sector is the dominant investment area across major cities, with significant capital concentration [21]. - In terms of regional characteristics, Beijing leads in artificial intelligence, while Shenzhen excels in computer vision, reflecting the deep integration of local industrial resources and capital choices [22]. Group 6: Investment Activity in Key Cities - In 2024, Suzhou recorded 697 financing events with an estimated total financing amount of 272.67 billion, while Hangzhou had 577 events with 212.47 billion [22][23]. - Shenzhen's venture capital ecosystem is growing, with a notable increase in registered LP contributions, reaching 127.5 billion in 2024 [25].

Core Insights - The report released by Securities Times and Zhizhong highlights the rankings of Chinese cities in terms of venture capital vitality and innovation capability for 2024, with Shanghai, Shenzhen, and Beijing leading the way [1][2]. Group 1: Venture Capital Vitality - In 2024, Shanghai, Shenzhen, and Beijing maintain their top three positions in venture capital vitality, showing a significant gap from the fourth-ranked city, indicating a "head-led, tiered differentiation" pattern [2]. - Beijing ranks first in fundraising index due to its concentration of top financial institutions and national funding platforms, followed by Shanghai and Suzhou, with Nanjing and Shenzhen showing similar performance [2]. - Shanghai leads in investment index, with Beijing and Shenzhen closely following; the top ten cities show minor differences in investment indices, primarily consisting of first-tier and new first-tier cities [2]. - Shenzhen tops the exit index, breaking the previous dominance of Beijing and Shanghai in fundraising and investment, showcasing its efficiency in exits [2]. - The Yangtze River Delta region performs strongly, with Suzhou and Hangzhou both entering the top ten, while central and western cities are represented by Wuhan, Hefei, and Chengdu [2]. Group 2: Innovation Capability - Beijing, Shanghai, and Shenzhen occupy the top three positions in innovation capability index, with Beijing leading significantly due to its national laboratories (60% of the total), central enterprise R&D headquarters, and top universities like Tsinghua and Peking [2]. Group 3: Investment Trends in Key Sectors - In the investment landscape, the semiconductor and integrated circuit sector ranks among the top three in eight cities, including Shanghai, Shenzhen, and Suzhou, indicating a strong capital aggregation effect [3]. - Beijing leads in artificial intelligence (AI) as its primary investment sector, while Shenzhen ranks fourth in computer vision; Hefei's new materials and aerospace sectors also rank in the top five, reflecting a deep connection between local industrial resources and capital choices [3]. - The biopharmaceutical sector ranks in the top two in five cities, including Shanghai and Hangzhou, while medical devices rank second in Shenzhen, Suzhou, and Guangzhou, highlighting the sustained high interest in the healthcare sector [3].