Core Viewpoint - The company, 华如科技, is planning to invest in a new venture capital partnership to enhance its core competitiveness and leverage resources from professional investment institutions [1] Investment Details - The company will act as a limited partner alongside 杭州科实股权投资有限公司 and 深圳产城创新发展研究有限公司 to establish 南京科实创业投资合伙企业 with a total committed capital of 50.5 million yuan [1] - The company will contribute 20 million yuan, representing 39.60% of the total committed capital [1] Investment Focus - The fund will primarily focus on venture investments that align with its partnership goals, particularly in new digital technologies such as virtual reality, spatial computing, artificial intelligence, and real-time rendering [1] - Key investment areas include immersive experience products like VR, AR, MR, gaming, esports, and virtual reality films, as well as other projects proposed by limited partners that support the partnership's objectives [1]

本基金以有利于实现合伙目的的创业投资为主，并兼顾其他投资方式。重点投资面向虚拟现实、空间计 算、人工智能、实时渲染等新一代数字技术发展所带来的文化消费新业态，包括VRARMR等沉浸体验 产品、游戏电竞、虚拟现实电影等领域；或有限合伙人提议的其他领域的有利于达成合伙目的目标的项 目。 格隆汇11月25日丨华如科技(301302.SZ)公布，为满足公司整体战略发展需要，充分借助专业投资机构 的力量及资源优势，整合各方资源，进一步提升公司的核心竞争力，在不影响公司日常经营和发展、有 效控制投资风险的前提下，公司拟作为有限合伙人与专业投资机构杭州科实股权投资有限公司（简 称"科实资本"）及其他有限合伙人深圳产城创新发展研究有限公司共同投资设立南京科实创业投资合伙 企业（有限合伙）并签署《南京科实创业投资合伙企业（有限合伙）之合伙协议》。该合伙企业的认缴 出资总额为人民币5,050万元，其中公司拟以自有资金认缴出资2,000万元人民币，占认缴出资总额的 39.60%。 ...

Group 1 - The company, Huaru Technology (301302.SZ), announced its investment of RMB 20 million as a limited partner in a new venture capital fund, Nanjing Keshih Chuangye Investment Partnership (Limited Partnership) [1] - The total committed capital of the fund is RMB 50.5 million, with the company holding a 39.60% stake [1] - The fund will primarily invest in new cultural consumption projects arising from digital technologies such as virtual reality, spatial computing, and artificial intelligence [1] Group 2 - The fund has a lifespan of 8 years, consisting of a 5-year investment period and a 3-year exit period [1] - Management fees for the fund are set at 2% of the paid-in capital during the investment period and 1.5% during the exit period, calculated on the remaining balance after deducting the principal of exited investments [1] - There are no guarantees of principal or minimum returns associated with the fund [1]

11月24日，XRMID 2025虚拟现实及元宇宙产业创新发展活动在中关村石景山区党群服务、创新服务双 中心成功举办。北京市科学技术协会创新服务中心副主任张永锋，北京市石景山区科学技术协会副主席 李崴，中关村数智人工智能产业联盟副秘书长牟帆参加活动，与来自高校、科研机构、企业界的百余位 嘉宾齐聚一堂，共话虚拟现实产业创新路径，共绘元宇宙发展蓝图。 活动伊始，牟帆阐述了虚拟现实技术在推动数字经济与产业转型升级中的核心引擎作用，中关村数智人 工智能产业联盟始终高度关注虚拟现实领域发展，牵头组建了"北京市虚拟现实科创协同联合体"以下简 称("联合体")，致力于推动虚拟现实产业加快形成新质生产力、实现高质量发展。他表示，未来联合体 将持续发挥桥梁纽带作用，携手各方构建开放协同的创新生态，为产业高质量发展注入强劲动力。 成果汇报环节，北京师范大学人工智能学院副教授黄石生、凌宇科技(北京)有限公司总经理张佳宁、无 人智境(北京)技术有限公司研发总监刘磊磊分别从《神经隐式实景三维技术及虚拟现实应用》、《AI与 云计算加持下的可穿戴硬件发展趋势分析》、《数字孪生驱动复合材料科研变革》主题展开分享，为现 场嘉宾带来了一场技术与 ...

Core Insights - The scale of China's ice and snow industry is projected to exceed 1 trillion yuan, reaching 100.53 billion yuan in 2023, marking it as a significant emerging force in the economy [1] - The industry aims to transition from rapid growth to high-quality development, focusing on meeting diverse consumer needs and enhancing product and service offerings [1] Industry Development - The goal of engaging 300 million people in ice and snow sports has been achieved, providing a strong internal driving force for industry growth [1] - The consumer base has expanded from professional enthusiasts and youth training groups to include families and seniors, prompting market innovation [1] - New offerings include dedicated children's ski areas, night skiing, electronic music parties, and snow camping to cater to various demographics [1] Supply Chain and Infrastructure - The supply side needs to focus on improving the quality and quantity of ice and snow venue facilities and products [1] - Key recommendations include upgrading venue facilities with smart technology, establishing regulatory frameworks, and innovating product matrices using digital technology [1] Technological Advancements - New technologies such as 5G, AI, and VR are driving high-quality development in ice and snow equipment, enhancing user experience [2] - Smart snowfield management systems improve operational safety and efficiency through real-time monitoring and intelligent scheduling [2] - The application of new materials and processes in equipment manufacturing optimizes the performance of products like skis and ice skates [2] Emerging Trends - The ice and snow industry is evolving towards a "snow + " multi-dimensional experience, integrating tourism, culture, and wellness [2] - The "snow + tourism" model is maturing with improved facilities in ski resorts, while "snow + culture" is gaining traction through ice sculptures and themed museums [2] - The "snow + wellness" trend combines snow sports with health tourism, creating winter wellness products [2] Regional Development - Traditional regions like Northeast and North China leverage natural snow resources and rich ice and snow culture to develop world-class ski destinations [3] - Xinjiang is rapidly developing as China's "third polar" region for ice and snow, while southern regions are expanding through indoor ski facilities [3] - Addressing regional development imbalances is crucial, with recommendations for coordinated policies and leveraging local competitive advantages [3]

Core Insights - The ice and snow industry in China is entering a golden development period, with the market size expected to exceed 1 trillion yuan, reaching 1005.3 billion yuan in 2023, marking it as a significant emerging force in the economy [1] - The industry has achieved the goal of engaging 300 million people in ice and snow sports, providing continuous internal momentum for development [1] - The industry is transitioning from rapid growth to high-quality development, necessitating discussions on how to achieve this shift [1] Industry Development - The ice and snow industry has established a complete industrial chain covering upstream equipment manufacturing, midstream event operation and skill training, and downstream tourism and leisure [1] - New technologies such as 5G, artificial intelligence, and virtual reality are driving high-quality development in ice and snow equipment, enhancing user experience [2] - The market for ice and snow equipment is vast, with a focus on cultivating internationally competitive domestic brands and increasing R&D investment [2] Market Trends - The industry is evolving from pure ice and snow sports to a "snow + " multi-composite experience, integrating tourism, culture, and wellness [2] - The "snow + tourism" model is maturing, with ski resorts enhancing their offerings with hotels, dining, and commercial streets [2] - The "snow + culture" trend is emerging, with ice sculptures, performances, and themed museums enriching the industry [2] Regional Development - Traditional regions like Northeast and North China leverage natural snow resources and deep ice and snow culture to create world-class ski resort destinations [3] - Southern regions are effectively expanding the ice and snow market through indoor ski facilities [3] - Addressing regional development imbalances is crucial, with recommendations for coordinated policy efforts and leveraging local competitive advantages [3]

Core Insights - The report indicates that China's ice and snow industry is projected to exceed 1 trillion yuan, reaching 1005.3 billion yuan in 2023, marking it as a significant emerging force in the economy [1] - The industry aims to transition from rapid growth to high-quality development, focusing on meeting diverse consumer needs and enhancing product offerings [1] Industry Development - The goal of engaging 300 million people in ice and snow sports has been achieved, providing a strong internal driving force for industry growth [1] - The consumer base has expanded from professional enthusiasts and youth training groups to include families and seniors, prompting market innovation in products and services [1] - New offerings include dedicated children's skiing areas, night skiing, electronic music parties, and snow camping to cater to various demographics [1] Supply Chain and Infrastructure - Experts emphasize the need for improvements in the quality and quantity of ice and snow venue facilities and product supply systems [1] - Recommendations include upgrading venue facilities with smart technology, establishing regulatory frameworks for a well-ordered market, and innovating product matrices using digital technology [1] Industry Chain Structure - Since the 14th Five-Year Plan, the ice and snow industry has developed a comprehensive value chain encompassing upstream equipment manufacturing, midstream event operations and training, and downstream tourism and leisure [1] Technological Advancements - New technologies such as 5G, AI, and VR are driving high-quality development in ice and snow equipment, enhancing user experiences [2] - Smart snowfield management systems improve operational safety and efficiency through real-time monitoring and intelligent scheduling [2] - The application of new materials and processes in equipment manufacturing optimizes the performance of products like skis and ice skates [2] Emerging Trends - The industry is evolving from traditional ice and snow sports to a "snow+" multi-dimensional experience, integrating tourism, culture, and wellness [2] - The "snow+tourism" model is maturing with improved facilities in ski resorts, while "snow+culture" initiatives are enriching the industry with ice sculptures, performances, and themed museums [2] - The "snow+wellness" concept combines ice sports with health tourism, creating winter wellness products [2] Regional Development - Traditional regions like Northeast and North China leverage natural snow resources and rich ice and snow culture to develop world-class ski destinations [3] - Southern regions are expanding the ice and snow market through indoor ski facilities [3] - Addressing regional development imbalances is crucial, with recommendations for coordinated policies and leveraging local competitive advantages [3]

Core Insights - The report indicates that China's ice and snow industry is projected to exceed 1 trillion yuan, reaching 1005.3 billion yuan in 2025, highlighting its significance as a new economic force [1] - The industry aims to transition from rapid growth to high-quality development, focusing on meeting diverse consumer needs and enhancing product offerings [1] Industry Development - The goal of engaging 300 million people in ice and snow sports has been achieved, providing a strong internal driving force for industry growth [1] - The consumer base has expanded from professional enthusiasts and youth training groups to include families and seniors, prompting market innovation [1] - New offerings include dedicated children's skiing areas, night skiing, electronic music parties, and snow camping to cater to various demographics [1] Supply Chain and Infrastructure - Experts emphasize the need for improvements in the quality and quantity of ice and snow venue facilities and products [1] - Recommendations include upgrading venue infrastructure, enhancing regulatory frameworks, and innovating product matrices using digital technology [1] Technological Advancements - New technologies such as 5G, AI, and VR are driving high-quality development in ice and snow equipment, leading to new products and enhanced user experiences [2] - Smart snowfield management systems improve operational safety and efficiency through real-time monitoring and intelligent scheduling [2] - The application of new materials and processes in equipment manufacturing optimizes the performance of products like skis and ice skates [2] Emerging Trends - The ice and snow industry is evolving towards a "snow+" model, integrating various experiences such as tourism, culture, and wellness [2] - The "snow+ tourism" model is maturing with improved amenities in ski resorts, while "snow+ culture" is gaining traction through ice sculptures and themed museums [2] - The combination of ice and snow sports with wellness tourism is creating new winter health tourism products [2] Regional Development - Traditional regions like Northeast and North China leverage natural snow resources and cultural heritage to develop world-class ski destinations [3] - Xinjiang is emerging as China's "third polar region" for ice and snow, while southern regions are expanding through indoor ski facilities [3] - Addressing regional development imbalances and avoiding homogenized competition are key focus areas for future growth [3] - Recommendations include coordinated policy efforts and leveraging regional strengths to ensure comprehensive development of the ice and snow industry [3]

Core Insights - The report indicates that China's ice and snow industry is projected to exceed 1 trillion yuan, reaching 1005.3 billion yuan in 2023, marking it as a significant emerging force in the economy [1] - The industry has successfully engaged 300 million people in ice and snow sports, providing a continuous internal driving force for development [1] - The focus is shifting from rapid growth to high-quality development, necessitating discussions on how to achieve this transition [1] Industry Development - The ice and snow industry has established a comprehensive value chain covering upstream equipment manufacturing, midstream event operation and skills training, and downstream tourism and leisure [1] - New technologies such as 5G, AI, and VR are driving high-quality development in ice and snow equipment, enhancing user experience and operational efficiency [2] - The market is innovating to meet diverse consumer needs, with offerings like children's ski areas, night skiing, and snow-themed events [1][2] Market Trends - The industry is evolving towards a "snow + " multi-dimensional experience, integrating tourism, culture, and wellness into ice and snow activities [2] - The "snow + tourism" model is maturing, with improved facilities in ski resorts, while "snow + culture" is gaining traction through ice sculptures and themed museums [2] - The "snow + wellness" trend combines ice and snow sports with health tourism, creating winter wellness products [2] Regional Development - Traditional regions like Northeast and North China leverage natural snow resources and cultural heritage to develop world-class ski destinations [3] - Southern regions are expanding the ice and snow market through indoor ski facilities [3] - Addressing regional development imbalances is crucial, with recommendations for coordinated policy efforts and leveraging local competitive advantages [3]

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