■王丽新 从出资模式来看，联合地方国资、创投机构共同设立基金，已成为上市公司的主流选择。多数上市公司 以有限合伙人(LP)身份出资，占比普遍介于10%至40%之间，通过"小出资、大撬动"的模式，有效分散 产业培育周期长、流动性低、不确定性强等潜在风险，尤其是上市公司一般会明确"先返本、再分息、 后分超额收益"的分配机制，进一步筑牢风险防控底线。 上市公司参投产业基金加强与地方国资合作力度，还有更为深远的考虑。一方面，地方国资可依据区域 产业基础与顶层规划精准匹配资金，保障基金"投得准、投得稳"；另一方面，上市公司则能依托自身业 务优势，与地方政府共享产业链资源，构建完善的投后管理与激励机制，助力有潜力的新兴项目稳健成 长。这种多方协同的模式，既整合了资本力量，又强化了资源互补，让产业基金的运作更具韧性与回报 确定性。 2025年，A股上市公司参与设立产业并购基金的热情空前高涨。据iFinD数据，2025年全年，A股市场上 市公司参与设立产业并购基金365只，预计募集规模上限合计达2996.87亿元。 在笔者看来，上市公司热衷参投产业并购基金，是政策引导、产业升级与资本运作三重逻辑共同作用的 结果，借助专业投资 ...

外贸的根基在于产业。龙南聚焦电子信息、新材料等优势产业的延链补链，创新金融服务，设立总规模 超50亿元的产业基金，并推出特色信贷产品，精准灌溉外贸中小微企业。此外，龙南还建设了辐射江西 南部的特种设备检验检测中心等专业服务平台，让本地高端制造产品无需远赴外地即可完成认证检测， 极大提升了产品出口竞争力。 "从平台载体到开放枢纽，龙南正以'平台+通道+环境+产业'的组合拳精准发力，系统性培育外贸竞争新 优势。"赣州市人大常委会副主任、龙南市委书记、龙南经开区党工委书记钟旭辉说。 （文章来源：经济日报） 打通物理意义上的"出海口"，是破解内陆外贸瓶颈的关键。通过聚焦核心物流枢纽能力建设，龙南内陆 港成功实现与深圳盐田港、蛇口港的铁海联运无缝对接，大幅降低了企业综合物流成本，并确保了运输 时效的稳定可控。 优化营商环境的"软实力"，为外贸新业态提供了坚实支撑。龙南通过系统性的对标改革，以数字赋能政 务服务提质增效；高标准打造"城市智慧大脑"，推动530个事项"一窗受理"。龙南海关推行"7×24小 时"预约通关，采用"提前申报""云签发"等模式，将平均通关时间从3个工作日压缩至1个工作日。 近段时间，江西龙南华翔塑胶 ...

金田股份公告称，公司与浙江富华睿银投资管理有限公司、桐乡市金信华睿企业管理合伙企业（有限合 伙）共同设立嘉兴金田华睿超材料股权投资合伙企业（有限合伙）。该基金募资规模3亿元，公司作为 有限合伙人拟以自有资金认缴6000万元，占比20%。目前，合伙企业已完成工商登记，近日基金在中国 证券投资基金业协会完成备案。不过，基金存在未能成功募足资金、投资收益不确定等风险。 ...

Core Viewpoint - Jinzhou Shengong Semiconductor Co., Ltd. plans to establish a strategic partnership with several investment institutions to set up an industrial fund focused on the semiconductor industry, with a total scale of no less than 200 million RMB [2][5][28]. Group 1: Investment Overview - The company intends to invest 60 million RMB as a limited partner, accounting for 30% of the fund, which will be paid in installments [2][5][6]. - The fund will be named "Jiangcheng Guotai Haitong Shengong (Wuhan) Venture Capital Fund Partnership (Limited Partnership)" and will be managed by Guotai Junan Innovation Investment Co., Ltd. [12][13]. - Other partners include Jiangcheng Industrial Investment Fund (Wuhan) Co., Ltd. and Hubei Guoxin Industrial Investment Management Co., Ltd., with respective contributions of 98 million RMB (49%) and 2 million RMB (1%) [5][6]. Group 2: Decision and Approval Process - The investment proposal has been approved by the company's board of directors and relevant committees, and does not require shareholder meeting approval [7][28]. - The fund is currently in the planning stage, and the partnership agreement has not yet been formally signed [3][8]. Group 3: Fund Management and Investment Strategy - The fund will focus on key equipment, components, and materials needed for wafer manufacturing, aligning with the company's strategic goals [25]. - The investment will primarily target projects within China, while also considering global opportunities in advanced technology and high-quality production [16]. Group 4: Financial Impact and Company Position - The investment will be funded from the company's own resources and will not affect its normal operations or financial stability [26][28]. - The company emphasizes that this investment will not harm the interests of shareholders, particularly minority shareholders [26][28].

每天三分钟公告很轻松 冠中生态：控股股东变更为深蓝财鲸；兴发集团：子公司与青海弗迪签订磷酸铁锂委托加工协议；美利 信：拟定增募资不超12亿元；东阿阿胶：拟斥资1亿至2亿元回购股份…… 今日看点 ▼聚焦一：冠中生态：控股股东变更为深蓝财鲸 公司原控股股东冠中投资及原实际控制人李春林、许剑平于2025年9月26日与杭州深蓝财鲸人工智能科 技合伙企业（有限合伙）（以下简称"深蓝财鲸"）签署了股份转让协议，约定冠中投资拟分两期向深蓝 财鲸转让所持有的2170.49万股公司股份。 公司于近日获悉上述第一期标的股份已办理完成相关股份过户登记手续，并取得了中国证券登记结算有 限责任公司深圳分公司出具的《证券过户登记确认书》。本次过户登记涉及股份为第一期1470.33万股 标的股份，协议转让价格为15元/股，转让价款为2.21亿元。 第一期标的股份转让完成后，公司的控股股东变更为深蓝财鲸，实际控制人变更为靳春平。 ▼聚焦二：兴发集团：子公司与青海弗迪签订磷酸铁锂委托加工协议 公司全资子公司湖北兴顺新材料有限公司与青海弗迪实业有限公司（以下简称"青海弗迪"）签署《磷酸 铁锂委托加工协议》，由青海弗迪委托兴顺新材料加工生产8万吨 ...

该基金总规模不低于2亿元，重点围绕晶圆制造需要的关键设备、零部件、材料等方向进行布局；适当 关注新能源汽车、高端装备、新兴科技、绿色发展、航空航天等符合国家产业政策导向、获政策支持与 鼓励的领域。公司拟作为有限合伙人认缴出资6000万元，预计认缴出资比例为30%。 人民财讯12月4日电，神工股份(688233)12月4日公告，公司拟与国泰君安创新投资有限公司、江城产业 投资基金、湖北国芯产业投资管理有限责任公司开展战略合作，共同设立"江城国泰海通神工(武汉)创 业投资基金合伙企业(有限合伙)"(简称"产业基金")。 ...

Core Viewpoint - Nord Shares (600110) announced a partnership to establish an industrial fund focused on independent energy storage, commercial energy storage, and zero-carbon park projects, with a total fund size of 400 million yuan [1] Group 1: Investment Details - The fund will be co-invested by Huizhou Nord Shengshi, Nord Zhihui Xinchang Energy, China Innovation Aviation Smart Energy, and Kaibo (Hubei) Private Fund Management Co., Ltd [1] - Nord Zhihui Xinchang will contribute 199 million yuan, accounting for 49.75% of the total fund [1] - Huizhou Nord Shengshi will act as the general partner (GP) and contribute 1 million yuan [1] Group 2: Future Fund Expansion - The fund has the potential to expand through additional fundraising or the establishment of sub-funds to attract government funds, social capital, and industrial capital [1]

Core Viewpoint - The article highlights the increasing role of industrial funds as a strategic tool for listed companies to build collaborative ecosystems amid rapid technological advancements and intensified industry competition [1][2]. Group 1: Industrial Fund Strategies - Listed companies are actively establishing industrial funds to create strategic ecosystems, moving beyond mere capital operation tools [1]. - There are three main pathways for ecological layout through industrial funds: 1. Vertical deepening, focusing on strengthening, supplementing, and extending the supply chain, as seen in the case of CATL in the electric vehicle sector [1]. 2. Horizontal expansion into strategic emerging industries, allowing companies to explore fields like AI and robotics with low-cost, flexible investments [2]. 3. Networked connections that break industry boundaries, forming innovative networks that enhance collective intelligence across the ecosystem [2]. Group 2: Benefits and Challenges - Industrial funds enable companies to accelerate frontier technology innovation at lower costs and higher efficiency, facilitating a shift from "point innovation" to "system innovation" [2]. - The ecological effect of industrial funds extends from individual companies to regional industry levels, with local governments encouraging fund establishment to foster industrial clusters [2]. - Companies face challenges in maintaining strategic focus, establishing effective post-investment empowerment systems, and balancing short-term market expectations with long-term strategic investments [3]. Group 3: Future Outlook - The competition among industrial funds will increasingly focus on industry insights, resource integration, and ecosystem building capabilities [3]. - Companies that successfully transform into "industry organizers" are likely to gain a competitive edge in the next wave of industrial transformation [3].

Core Insights - The article highlights the trend of listed companies actively adjusting their development strategies by leveraging industrial funds to build collaborative ecosystems [1][2][3] - It emphasizes that industrial funds are evolving from mere capital operation tools to key supports for strategic ecosystem construction among listed companies [1] Group 1: Strategic Approaches - Listed companies are adopting three main pathways for ecological layout through industrial funds: vertical deepening, horizontal expansion, and networked connections [2] - Vertical deepening focuses on strengthening, supplementing, and extending the supply chain, with examples like CATL in the electric vehicle sector linking with startups to enhance core technologies [1][2] - Horizontal expansion allows companies to explore emerging industries such as AI and robotics with low-cost, flexible investments, enabling rapid iteration and adaptation to technological changes [2] Group 2: Ecosystem Development - Companies are using industrial funds to create an open and shared industrial ecosystem by connecting R&D, smart manufacturing, application scenarios, and capital elements [2] - This platform-based operation model amplifies individual innovation capabilities into collective intelligence across the ecosystem [2] - The ecological effects of industrial funds are extending from individual companies to regional industry levels, with local governments encouraging fund establishment to foster industrial clusters [2] Group 3: Challenges and Future Outlook - Companies face challenges in maintaining strategic focus for industrial funds, establishing effective post-investment empowerment systems, and balancing short-term market expectations with long-term strategic investments [3] - Future competition among industrial funds will center on industry insights, resource integration, and ecosystem building capabilities, with successful transformation into "industry organizers" providing a competitive edge in upcoming industrial changes [3]

Core Viewpoint - The company, Shijin Technology (301030.SZ), has announced a partnership with Shanghai Junzi Investment Management Co., Ltd. and other limited partners to invest in Wenzhou Junying No. 24 Venture Capital Partnership, primarily through equity investment [1] Group 1 - The total investment amount for the partnership is 62.3 million yuan, with the company contributing 6.25 million yuan, representing a 10.03% stake [1] - The partnership is expected to enhance business cooperation and leverage each party's resources in their respective fields [1] - The investment model of the industrial fund is seen as beneficial for the company to seize development opportunities in the carbon capture, steel slag, and mineral powder industries, thereby expanding and improving its industrial layout [1]