作者丨卜松 编辑丨刘恒涛 图源丨摄图网 4月25日，在成都高新区菁蓉汇的会议厅里，现场人流攒动，来自产业、资本界的重磅嘉宾甫一登台，现 场便响起密集的快门声。这里正在举行的"2025成都高新区产业基金协同发展大会"，因3000亿元庞大产 业基金集群的正式亮相，被业内视作西部产业升级的"里程碑时刻"。 据了解，成都高新区已出资组建各类基金154支，目标总规模3236亿元，形成了中西部产业园区规模最大 的产业基金集群。这场汇聚了100余家投资机构、50余位新质生产力企业掌门人的盛会，不仅见证了全新 的50亿元数字文创母基金与20亿元中试基金首发，更揭开了成都高新区"3+6+6"现代化产业体系的资本赋 能蓝图——这组数字密码，正是成都高新区向世界一流高科技产业园区冲刺的战略路径。 在本次大会现场，其再次密集出手硬科技项目，与直投重点项目智谱华章、脑动极光、具身科技等11家 科创企业集中签约，签约投资金额超5亿元。凭借广泛的母基金生态圈，策源所主导的产投融合之路，正 越走越宽、越走越顺。 "成都高新区通过'中试+基金'模式，助力科研成果从实验室研发向规模量产快速转化。已培育出高新技术 企业4869家、上市企业56家、 ...

Core Viewpoint - The company experienced a significant decline in revenue and net profit in 2024, but showed a strong recovery in early 2025 with substantial growth in revenue and a reduction in losses [1][2]. Financial Performance - In 2024, the company reported revenue of 2.748 billion yuan, a year-on-year decrease of 22.91%, and a net profit attributable to shareholders of 59.0374 million yuan, down 69.29% [1]. - The first quarter of 2025 saw revenue rise to 352 million yuan, an increase of 347.5% year-on-year, with net losses narrowing from 49.76 million yuan to 16.76 million yuan [2]. - The fourth quarter of 2024 showed a revenue of 1.952 billion yuan, up 67.29% year-on-year, and a net profit of 133 million yuan, a staggering increase of 1720.15% [2]. Profitability Metrics - The gross margin for 2024 was 22.64%, a decline of 2.17 percentage points, while the net margin was 3.24%, down 3.78 percentage points [3]. - In the first quarter of 2025, the gross margin improved to 27.91% [3]. Future Outlook - The company anticipates achieving a revenue of 5 billion yuan and a total profit of 300 million yuan in 2025, with significant growth in related transactions [2]. - Projected revenues for 2025-2027 are 5.198 billion, 6.535 billion, and 7.832 billion yuan, with net profits of 305 million, 401 million, and 485 million yuan respectively [4]. Strategic Initiatives - The company is focusing on enhancing its position in navigation and control, and is investing in emerging industries such as digital industry, smart manufacturing, and next-generation military communication [3].

放眼世界，百年未有之大变局加速演进，不确定不稳定性因素持续增多，国际政治、经济形势风云变 幻，对国内冲击逐步增强。如此境况，优势龙头国企所发挥的定心骨作用，对资本市场乃至整个国家经 济来说愈加重要。 2025年4月29日，中国核电年报发布。作为我国核电领域的龙头企业，中国核电2024年实现营业收入 772.72亿元，利润总额225.64亿元，归母净利润87.77亿元，资产负债率压降至68.27%，净资产收益率 9.44%，稳增长发展基础更加坚实的同时，资产质量、经营水准进一步提升。 报告期内，公司相继进入"上证50"和"富时中国50"指数，获得国内外专业投资者的进一步认可。2025年 初，中国核电140亿元定增完成，除控股股东中核集团外，社保基金会出资近120亿元认购股份。 去年底，社保基金副理事长武建力曾表示，社保基金会作为典型的长期资金、耐心资本，愿携手中央企 业，通过建立常态交流机制、合作开展专题调研、共同培育挖掘优质投资项目等多种方式，全面加强与 中央企业合作，凝聚发展新质生产力强大合力，助推中国式现代化建设。 安全高效，发电量稳健上升 2024年全年，中国核电累计商运发电量2,163.49亿千瓦时， ...

Core Insights - The private economy in Sichuan reported a first-quarter value added of 842.56 billion yuan, growing by 5.6% year-on-year, maintaining a trend of surpassing the provincial GDP growth rate since last year [1] Group 1: Private Investment Growth - In the first quarter, private investment in Sichuan increased by 3.6%, outperforming the provincial growth rate of 4.9 percentage points from 2024 and the national growth rate of 3.2% [2][6] - The recovery in private investment reflects a combination of policy support and restored market confidence, reversing a trend of negative growth in recent years [6] - The significant increase in private investment is attributed to the rise of new industries and manufacturing investments, which have mitigated pressures from the real estate sector [6][7] Group 2: Business Entities and Market Activity - As of the end of the first quarter, Sichuan had 8.9818 million private business entities, an increase of 48,800 from the end of 2024, representing a 97.1% market share [5][8] - The number of newly registered private enterprises reached 83,600 in the first quarter, marking a year-on-year growth of 23.96% [9] - The growth in business entities is supported by policies that simplify registration processes and provide tax reductions and entrepreneurial subsidies [9] Group 3: Financing Environment - By the end of the first quarter, 1.909 million private business entities had outstanding loans, a year-on-year increase of 10.74%, with the total loan balance for the private economy reaching 2.53 trillion yuan, up by 4.88% [11] - The loan balance for private enterprises increased by 95.967 billion yuan since the beginning of the year, reflecting a growing support from financial institutions [11] - Innovative financing products have been introduced to alleviate the financing difficulties faced by private enterprises, particularly small and medium-sized enterprises [12]

以下文章来源于睿兽Pro ，作者Bestla 睿兽Pro . 创业邦旗下横跨一二级市场的科创数据平台。实时投资数据、追踪产业创新。找数据、做分析、链资 源，就上睿兽分析。 上周基金重点事件回顾丨04.21-04.27 睿兽分析每周整理最值得关注的 基金重点事件 ，帮助大家及时了解全球私募股权基金市场动向。 政府引导基金 苏州设立105亿战新基金 近日，江苏省、苏州市正式审议通过第二批苏州市战略性新兴产业基金组建方案，第二批4只分别为苏州 人工智能产业专项母基金、苏州低空经济产业专项母基金、苏州新型能源及智能座驾产业专项母基金、 苏州高校科技成果转化天使基金，总规模105亿元。两批战新基金的布局，从高端装备、生物医药、未来 产业天使直投到人工智能、低空经济、新能源及智能座驾、高校科技成果转化天使直投。既立足苏州装 备制造、生物医药等主导优势产业，推动产业集群化再发展；又瞄准人工智能、低空经济等新赛道提前 布局；还新增高校成果转化基金，促进产学研深度融合。 （苏州创新投资集团） 深创投中小企业发展基金成功落地苏州 4月27日，国家中小企业发展基金有限公司完成第七批第一支子基金签约工作，基金名称为：深创投中小 企业 ...

第十九届中国国际机床展览会日前在北京举办。31万平方米的展览面积，不仅刷新了该展的历届规模纪 录，更成为近10年来全球最大规模的机床工具专业盛会。来自31个国家和地区的2400余家企业，携最新 技术与产品齐聚一堂，全方位展现机床行业前沿趋势。 华中数控董事长陈吉红告诉记者，"我们赋予了该系统自主学习能力，并创新构建了'一个智能底座，两 条数字主线，三个功能子系统'的技术架构，创造了智能制造高级阶段的新范式"。目前，该系统已具备 相当于拥有2年至3年工作经验工程师的智能决策能力，并可通过数据训练持续进化。其开放平台支持企 业小模型本地化部署，有效保障数据安全。 华中数控在智能系统的突破并非孤例。本届展会上，AI技术与机床产业的深度融合成为业界关注焦 点。众多国内机床企业推出的最新产品，生动展示了从传统制造向智能制造升级的丰硕成果。 武汉重型机床集团有限公司作为重型机床领域的主要生产基地，在展会期间发布自主研制的全球首台智 能重型机床——高速高精智能重型立式铣车加工中心，并同步上线在国内率先开发的"武重云"在线智能 服务平台。 相对传统重型机床设备，智能重型机床通过AI赋能，变得更聪明、性能更稳定、质量更可靠。武 ...

Core Viewpoint - China State Construction Engineering Corporation reported steady revenue and profit growth in Q1 2025 despite ongoing pressures in the real estate market, driven by strong performance in infrastructure and emerging strategic industries [1][6]. Financial Performance - Revenue reached 555.3 billion yuan, a year-on-year increase of 1.1% - Net profit was 17.96 billion yuan, up 0.6% from the previous year - Basic earnings per share were 0.36 yuan, reflecting a 2.9% increase [1][3][5]. Business Structure Optimization - New contracts in the infrastructure sector totaled 420.6 billion yuan, a significant increase of 40% - Energy engineering contracts surged by 96.6%, while municipal engineering contracts rose by 44.4% - New contracts in the housing construction sector slightly decreased by 3.3% to 779.9 billion yuan [1][6][8]. Real Estate Business Performance - Real estate revenue was 53.7 billion yuan, a 15.5% increase year-on-year - Gross profit from real estate was 9.06 billion yuan, up 1.5% - The company added 1.95 million square meters of land reserves, all located in first-tier and strong second-tier cities [1][6][9]. New Business Highlights - Strategic emerging industries achieved revenue of 45.3 billion yuan, a growth of 34.2%, accounting for 8.2% of total revenue - Overseas business contracts reached 67.4 billion yuan, a 150% increase, with revenue of 23.9 billion yuan, up 8.5% [1][9].

以下文章来源于杭州市科创集团 ，作者杭州科创集团 杭州市科创集团 . 发掘创新价值，成就卓越企业。 为助力杭州打造创新活力之城，做优做强 " 3+N"杭州产业基金集群，更好服务杭州市五大产业 生态圈为代表的战略性新兴产业集聚发展，杭州科创基金拟联合社会资本组建设立子基金，为 吸引全国优秀机构积极参与上述子基金组建，现公开征集子基金管理机构，有关事项公告如 下： 01 杭州科创基金简介 杭州科创基金是 " 3+N"杭州产业基金集群之一，由杭州资本管理，以杭州资本所属企业杭州市 科创集团有限公司（以下简称杭州科创集团）为运营主体， 功能定位为政策性的千亿级政府引 导基金 。投资方向为"投早、投小、投科技"，投资阶段以初创期的科创投资为主，重点为全市 人才创业、中小企业创新、专精特新企业发展、科技成果转化提供政策性投融资服务。 本基金主要围绕杭州市打造全球创新策源地、成果转移转化首选地、颠覆性技术转移先行地建 设，重点突出对智能物联、生物医药、高端装备、新材料和绿色能源等五大产业生态圈及未来 产业的科创类项目进行投资。 02 子基金设立要求 0 1设立类型 0 4注册地 杭州科创基金围绕初创项目全生命周期设立三类出 ...

Core Insights - China Power Construction Corporation (China Power) demonstrated resilience in a challenging economic environment, achieving a revenue growth of 4.07% year-on-year, reaching 633.685 billion yuan, and a net profit of 12.015 billion yuan, with operating cash flow increasing by 10.34% to 24.546 billion yuan [1][2] Financial Performance - The core engineering contracting and design business generated revenue of 575.003 billion yuan, up 4.42% year-on-year, with a gross margin increase of 0.11 percentage points to 10.95% [2] - The power investment and operation segment reported revenue of 25.404 billion yuan, a growth of 5.95%, with a gross margin increase of 0.52 percentage points to 44.92% [2] - New contracts signed reached 1.27 trillion yuan, a year-on-year increase of 11.19%, with a total contract backlog of 2.12 trillion yuan, up 15.37% [2] Strategic Development - China Power is actively transforming its traditional business towards high-end, intelligent, and green development while accelerating the cultivation of strategic emerging industries [1][4] - The company plans to achieve a revenue target of 653.15 billion yuan by 2025, with domestic business accounting for 87.37% and international business 12.63% [1] Dividend Policy - The company intends to distribute a cash dividend of 1.2695 yuan per 10 shares, totaling 2.187 billion yuan, which represents 20% of the net profit attributable to shareholders [3] Emerging Industries - In 2024, revenue from strategic emerging industries is expected to exceed 40%, with nearly half of the investment directed towards these sectors [4] - The renewable energy sector has shown significant progress, with projects covering 27 provinces domestically and 3 countries internationally, achieving a market share of over 5% in resource-rich areas [4] International Business Growth - International contracts signed amounted to 223.957 billion yuan, a growth of 4.08%, with international revenue reaching 90.628 billion yuan, up 11.43% [6] - The company maintains a strong position in the international contracting sector, ranking 7th and 8th in global contractor lists [2][6] Market Outlook - Despite global economic pressures, there is a growing market for infrastructure renewal, particularly in developing countries, driven by green and digital transformation needs [7] - China Power aims to leverage its position as a leading power design and contracting firm to capitalize on opportunities in renewable energy projects and international collaborations [7]

今年是"十四五"规划收官之年。近年来，广东省属国资国企发展质量效益稳中有进，在助力稳经济上彰 显新担当。2024年，省属企业资产总额2.73万亿元，实现营业收入7022.05亿元、利润总额387.83亿元、 增加值1600.28亿元。在2024年效益增长的基础上，今年一季度，省属企业实现营业收入1618.67亿元、 利润总额90.96亿元、增加值395.25亿元，同比分别增长0.9%、9.5%、9.5%。 广东省属国资国企在助力稳经济上正彰显新担当。4月25日，在广东省属国资国企高质量发展新闻发布 会上，广东省国资委副主任王晓昀介绍，今年一季度，省属企业实现营业收入1618.67亿元、利润总额 90.96亿元，同比分别增长0.9%、9.5%。 "下一步，省国资委将聚焦现代化产业体系建设，高质量编制好'十五五'规划，持续推进国有经济布局 优化和结构调整。"王晓昀表示，在加快发展战略性新兴产业方面，将推动省属企业聚焦低空经济、人 工智能、海洋牧场、新型储能、新材料、生物医药等重点产业领域超前布局、投资发力，确保制造业年 度投资增长不低于15%、战略性新兴产业年度投资增长不低于10%。同时，聚焦工业、交通、能源、水 ...