Workflow
硬科技
icon
Search documents
创业团队高学历成标配,超九成由硕博掌舵,2025值得关注的硬科技创变者榜单闪亮发布
创业邦· 2025-09-29 11:14
Core Viewpoint - The article emphasizes the significance of hard technology innovation as a core driver for reshaping competitive landscapes, leading industrial transitions, and addressing critical challenges in key sectors such as semiconductors, high-end equipment, and new energy [2]. Group 1: Evaluation Process - The evaluation process for the "Hard Technology Innovators" selection took three months, attracting over a hundred early-stage companies through active applications and recommendations from investment institutions [3]. - The assessment was based on three dimensions: technological and product achievements, commercial value and potential, and the influence of founding teams, utilizing a composite review model [3]. - A total of 44 companies were selected for the "2025 Worthy of Attention Hard Technology Innovators" list, with notable companies advancing to the final showcase event [3]. Group 2: Awarded Companies Overview - Among the awarded companies, 25 are in the smart manufacturing sector, focusing on sub-sectors like new energy batteries, new materials, semiconductors, and advanced equipment [5]. - The average establishment age of the awarded companies is three years, with 52% founded within one to three years [5]. - The top three regions for awarded companies are Beijing, Zhejiang, and Jiangsu, with a concentration of talent and entrepreneurial activity in these areas [5]. Group 3: Team Background - 24 awarded companies have core teams with overseas study backgrounds, and over 90% of founders hold master's degrees or higher, with nearly 70% possessing doctoral degrees [6]. - Notable educational institutions represented among founders include Tsinghua University, Fudan University, and Peking University [6]. Group 4: Financing Situation - 86% of awarded companies have historical financing records, indicating a trend towards attracting more early-stage and industrial capital as technology matures [7].
688082火了!易方达又出手
中国基金报· 2025-09-29 10:39
【导读】近三年半导体设备行业最大规模竞价定增落地,易方达、兴证全球等公募获配 中国基金报记者 张燕北 近三年半导体设备行业最大规模竞价定增落地,多家公募基金现身获配名单。 公告显示,国内半导体设备龙头盛美半导体设备(上海)股份有限公司(以下简称盛美上海)近期完成近45亿元的定增募资,包括易方 达、兴证全球、财通、诺德、易米在内的多家公募参与报价并被确定为最终发行对象。 盛美上海表示,本次募集资金有助于进一步增强公司在半导体专用设备领域的研发实力。 今年以来,科技创新领域定增热度升温,AI、机器人、创新药、半导体等赛道成"吸金"主力。公募"带头大哥"易方达频频出手抢筹,被市 场视为机构看好新质生产力领域投资机遇的信号。 盛美上海完成45亿元定增募资 易方达、兴证全球等5家公募获配 日前,盛美上海发布情况报告书,宣布完成向特定对象发行A股股票。 根据报告书,此次参与报价的机构有17家,包括多家公募、私募、保险资管、券商资管等。17家投资者全部按时、完整地发送全部申购文 件,且足额缴纳保证金,均为有效报价,因此全部被确定为最终发行对象。 最终,本次定增发行股票总数量为3860.13万股,发行价格为116.11元/股 ...
返投仅一倍,这个市的产业母基金招GP了
母基金研究中心· 2025-09-29 08:46
为做深做透教育科技人才一体改革发展、科技创新和产业创新深度融合 "两篇大文章",培育发 展新质生产力,重点围绕集成电路、低空经济、生物医药、能源设备与材料、机器人、人工智 能、软件信息等新兴产业领域,绍兴市产业基金拟组建科创子基金,投早、投小、投长期、投 硬科技,培育出一批高新技术企业、科技领军企业。现面向全国优秀机构,公开征集子基金管 理机构,有关事项公告如下: 01 绍兴市产业基金简介 绍兴市产业股权投资基金(下称 "绍兴市产业基金")是由绍兴市政府主导设立的产业母基金, 成立于2 0 2 2年3月,认缴规模1 5 0亿元人民币。基金设立宗旨是发挥财政政策导向作用,贯彻 绍兴市委市政府重大战略部署,重点投向绍兴市支持引导的新兴产业、传统经典产业等,加快 推动绍兴市科技创新和产业转型升级。基金由绍兴市国控集团有限公司全额出资,采取直接投 资、定向基金、非定向基金方式投资。 02 子基金设立要求 (一)设立规模 不低于 1亿元人民币。 (二)基金管理机构 通过公开征集方式选聘。 (三)出资金额及比例 绍兴市产业基金在单支科创子基金的出资不超过基金规模的 4 0%且不超过8 , 0 0 0万元 ,剩余部 分由基 ...
但斌超9成产品创新高了!但斌看多A股硬科技,寒王超越茅王这次不一样?
私募排排网· 2025-09-29 07:00
Core Viewpoint - The article highlights the strong performance of the U.S. stock market, particularly in the technology sector, which has significantly benefited investment products managed by Dan Bin, with a high percentage of his funds reaching historical highs in net value [2][4]. Group 1: Performance of Dan Bin's Funds - As of September 19, 2025, 76 out of 80 private equity products managed by Dan Bin achieved historical net value highs, representing approximately 95% of his products [2]. - The average return of Dan Bin's funds this year is close to ***% [2][5]. - Four funds under Dan Bin's management have been established for over ten years and have annualized returns exceeding ***%, qualifying them as "Double Ten Funds" [2]. Group 2: Market Trends and Investment Strategy - Dan Bin's firm, Dongfang Gangwan, has won the title of "Billion Private Equity Champion" for two consecutive years in 2023 and 2024 [4]. - Despite a significant drop in U.S. tech stocks in early 2023, Dan Bin viewed the downturn as an opportunity and increased his positions, leading to a rebound in performance as the market recovered in April [4]. Group 3: Holdings and Sector Focus - As of the end of Q2 2025, Dongfang Gangwan held 13 U.S. stocks with a total market value of approximately $1.126 billion, equivalent to over 800 million RMB [7]. - Major holdings include Nvidia and Google, which saw price increases of approximately 13% and over 39% respectively since July [8]. - In addition to U.S. stocks, Dongfang Gangwan has invested in four domestic ETF funds, with a total market value close to 36.9 million RMB, which also performed well since July [9]. Group 4: A-Share Market Engagement - Dongfang Gangwan has conducted research on eight A-share technology companies since July, many of which have shown strong stock performance [10]. - Notable companies include Ding Tong Technology, which saw a price increase of 56.31% since July [10]. Group 5: AI and Technology Sector Insights - Dan Bin emphasizes the shift in focus within the AI sector from foundational models to application-specific companies, suggesting that investment opportunities will arise in various verticals [11]. - The demand for AI computing power is expected to grow significantly, with projections indicating a market size increase from $600 billion in 2025 to $3-4 trillion by 2030, reflecting a compound annual growth rate of 38%-46% [12]. - The rise of the electronics industry, including semiconductors, is seen as a structural and irreversible trend in the Chinese market, with the total market value of the electronics sector surpassing that of the banking sector for the first time [13].
研报掘金|华泰证券:看好小米在硬科技上的持续投入 维持“买入”评级
Ge Long Hui A P P· 2025-09-29 05:47
格隆汇9月29日|华泰证券发表研究报告指,看好小米在硬科技(芯片、AI、系统)上的持续投入,有望 为人车家全生态的发展打下坚实的基础;维持公司目标价65.4港元,对应2026年30倍市盈率,维持"买 入"评级。考虑到公司手机产品竞争力及汽车业务毛利率稳定提升,该行维持公司2025至2027年归母净 利润预测分别为443.1亿、526.3亿、671.2亿元。 ...
国泰君安国际硬科技投资步入收获期,地平线千亿市值彰显战略眼光
Ge Long Hui· 2025-09-29 00:34
Group 1 - Core viewpoint: Everbright Securities has seen a stock price increase due to its early investments in "hard technology" sectors, attracting market attention towards brokerage equity investments [1] - The company has strategically positioned itself in high-growth sectors such as AI chips, autonomous driving, and lidar technology, benefiting from a valuation re-rating [1][2] - Guotai Junan International has been recognized for its systematic layout in emerging technology sectors since establishing its private equity team in 2020, focusing on areas like new energy and robotics [1][2] Group 2 - Guotai Junan International's investment strategy emphasizes early positioning and deep involvement in technology projects, ensuring a focus on technological leadership and market potential [2] - The company has made significant investments in notable firms such as Horizon Robotics and Innovusion, showcasing its commitment to the hard technology sector [2][3] - The investment in Horizon Robotics, which has seen a stock price increase of over 140% since its IPO, is highlighted as a representative success of Guotai Junan International's strategy [3] Group 3 - Guotai Junan International's technology investments are entering a harvest phase, with projects transitioning from early investment to large-scale production, significantly boosting overall investment returns [4] - The company has reported a 317% year-on-year increase in investment management income, reaching 8.83 billion HKD, indicating strong performance in its private equity business [4][5] - The firm is enhancing its financial service ecosystem, creating synergies between technology investments and core business areas such as wealth management and corporate financing [4][6] Group 4 - Wealth management commission income has increased by 56% year-on-year to 2.79 billion HKD, with fund management fees rising by 110% [5] - Corporate financing income has also seen a 69% increase, with underwriting commissions growing by 85%, reflecting the successful integration of private equity returns into broader business lines [5][6] - Guotai Junan International is effectively converting single project returns from private equity into comprehensive income across multiple business lines [6] Group 5 - Looking ahead, the ongoing interest in technology sectors such as AI and autonomous driving is expected to attract further capital market attention, positioning Guotai Junan International to capture innovation dividends [7] - The company's proactive investment strategy, mature risk control system, and ability to create business synergies are anticipated to support its long-term sustainable growth [7]
科创板汇聚创新动能更好服务高水平科技自立自强
Zheng Quan Ri Bao· 2025-09-28 16:08
本报记者 毛艺融 近日,上交所组织召开2025年股权投资机构交流会,聚焦落实科创板改革"1+6"政策措施、增强资本市场的吸引力和包容 性,与38家股权投资机构和12家保荐机构面对面深入交流。 股权投资机构是科创板生态的重要组成部分。据统计,科创板上市公司中超九成在上市前获得股权投资机构的支持。业内 人士认为,科技创新从不是单一主体的"独角戏",而是政府、企业、科研机构、金融机构等多方协同的"交响乐",各创新要素 同频共振,方能奏响从技术突破到产业落地的完整乐章。 今年6月份,科创板推出设置科创成长层等"1+6"改革举措,目前已有3家未盈利科创企业在重启科创板第五套标准后完成 注册。Wind资讯数据显示,截至9月28日,剔除终止状态的企业,还有42家企业排队IPO。 近期,科创板IPO项目的推进效率引人注目。9月26日,上交所官网披露信息显示,摩尔线程智能科技(北京)股份有限公 司IPO申请通过上交所科创板上市委会议审议。公司从受理到过会,仅用时88天。在市场人士看来,这是当前政策面大力提升 对硬科技企业包容性和适应性的有益范例。 9月22日,武汉禾元生物科技股份有限公司在上交所网站披露招股意向书、发行安排及初 ...
帮主郑重:周末政策密集发力,“中国版英伟达”过会,中长线该盯啥?
Sou Hu Cai Jing· 2025-09-28 15:35
先看最重磅的央行例会,这可是定调子的事。三季度例会明确说了要"保持流动性充裕""推动社会综合融资成本下降",还特别提了要用好股票回购增持再贷 款,探索常态化安排来维护资本市场稳定。跟二季度比,这次删了"加力实施增量政策",反而强调"落实存量政策""释放政策效应"。说白了,就是政策不会 急转弯,而是稳稳托着市场,给咱们这些中长线投资者吃了颗定心丸——不用怕突然的政策波动,重点看长期的稳预期。 最后说下接下来要盯的事儿,9月30号的PMI特别关键,8月是49.4,要是能回到扩张区间,那经济回暖的信号就更明确了。外围还得看美国,政府会不会关 门、非农数据怎么样,这些会影响全球资金流向,但咱中长线不用天天盯着,知道有这么个事就行。至于本周400多亿的限售股解禁,也别一看到解禁就 慌,像宁波港这种大盘股,解禁对整体走势影响有限,重点看个股的估值和基本面。 紧接着8月的工业企业利润数据也来了,单月增长20.4%,累计利润也由负转正了。可能有人觉得这数太亮眼,是不是有水分?咱客观说,确实有去年低基 数的因素,但更重要的是结构在变好。装备制造业还是"压舱石",原材料行业利润涨得快,连消费品制造业都由降转增了,而且大中小企业利 ...
摩尔线程上市加速是资本点赞硬科技
Bei Jing Shang Bao· 2025-09-28 15:23
摩尔线程IPO过会的日子,正好是科创板深化改革"1+6"系列政策落地100天,深刻诠释了资本市场政策 改革对科技创新的精准适配,同时也是制度创新与产业需求的同频共振。 资本市场的加速通道从来不是"快车道",而是"优才道"。 不仅仅是摩尔线程,只要是"含科量"高的优秀企业,都有机会驶入"优才道",在上市过程中有望开启加 速度。 政策红利不断,为"摩尔线程们"铺就了加速跑道。聚焦服务新质生产力发展,资本市场融资端改革在持 续深化。"科创十六条"、"科创板八条"、"并购六条"、科创板"1+6"政策等举措,在发行上市、并购重 组等方面持续优化完善。 随之而变的,还有审核的理念以及市场的认知。摩尔线程尚未盈利,但却在冲击科创板的道路上走出了 加速度,归根到底是企业的硬科技"含金量"够足,未来的发展潜力够大。 "唯利润论"的单一评价标准已成为过去式。尚未盈利的硬科技企业同样可能成为未来的资本之星。聚焦 硬科技,而非单纯看盈利,A股估值逻辑正从"短期盈利导向"转向"长期价值导向"。 寒武纪就是最好的例子。上市之初虽尚未盈利,但借助资本市场的力量"养精蓄锐",经过数年的蛰伏, 业绩终于在今年一鸣惊人,坚守的投资者们收获了超额 ...
【西街观察】摩尔线程上市加速是资本点赞硬科技
Bei Jing Shang Bao· 2025-09-28 14:25
资本市场的加速通道从来不是"快车道",而是"优才道"。 从受理到过会仅用时88天,过会当晚提交注册,摩尔线程IPO进程加速度,"国产GPU第一股"距迈入资 本市场仅差临门一脚。 毋庸置疑,摩尔线程是硬科技企业的典型代表,它的上市路径是制度创新提升资本市场对科技创新适配 性的具体体现。 摩尔线程IPO过会的日子,正好是科创板深化改革"1+6"系列政策落地100天,深刻诠释了资本市场政策 改革对科技创新的精准适配,同时也是制度创新与产业需求的同频共振。 然而,资本市场的"优才道"不是普惠通道,唯有优中择优。"技术+市场"的双重底气,正是政策倾斜与 资本青睐的基础所在。 以摩尔线程为例,"含科量"高自然是标准之一,同时攻坚GPU核心技术壁垒,构建自主可控技术和产品 体系以及潜力巨大的未来市场空间,都是额外的加分项。 首发融资资源很宝贵,摩尔线程首发拟募资80亿元不是小数,但其高"含科量"以及呈现上升趋势的业绩 和快速增加的营业收入,在资本市场上有着足够的说服力。 当然,相比普通的上市公司,市场对"摩尔线程们"的期待值更高,在各个细分行业冲击成为具备国际竞 争力的领军企业,是对它们的期许。 "摩尔线程们"的加速上市窗 ...