区别于单纯的财务投资，首程控股推行"资本+场景+产业链"的生态战略。公司利用自身在停车资产、 产业园区等领域的实体场景资源，为被投机器人企业提供技术测试与商业应用的环境。此外，公司还通 过建立机器人综合体验店、参与产品推广等方式，深度赋能被投企业，加速其技术落地与市场拓展。 根据公开信息，首程控股在机器人领域的投资两年账面超四倍。随着宇树科技、银河通用等被投企业凭 借春晚等平台提升公众认知与品牌价值，首程控股的产业生态投资模式价值有望进一步显现。 首程控股通过其管理的北京机器人产业发展投资基金，对机器人产业链进行了系统性投资。近些年来， 该基金对宇树科技和银河通用机器人进行了连续投资支持。 格隆汇1月27日｜2026年央视春晚的机器人合作伙伴名单近日揭晓，宇树科技与银河通用双双入选。值 得关注的是，这两家明星机器人企业背后有着共同的战略投资方——首程控股。此次春晚亮相，不仅展 示了中国机器人技术的前沿成果，也折射出首程控股在机器人产业生态布局的初步成效。 ...

Group 1 - Changxin Technology has officially completed the listing guidance filing with the Anhui Securities Regulatory Bureau, marking the start of its IPO process on the Sci-Tech Innovation Board, supported by China International Capital Corporation and CITIC Securities [1] - The company is the only domestic enterprise capable of large-scale production of DRAM chips, with a clear technology roadmap starting from 19nm process for DDR4/LPDDR4 and continuously upgrading to 17nm DDR5/LPDDR5 [2] - The company aims to increase its DDR5 product share from 1% to 7% by the end of 2025, with its global market share expected to rise from 6% to 8% [2] Group 2 - The IPO will accelerate DDR5 mass production and push the domestic DRAM market share towards double digits, while attracting more social capital into hard technology [3] - The investment strategy of Shangfeng Cement in Changxin Technology, amounting to 200 million RMB, allows it to indirectly hold approximately 0.168% of Changxin Technology's shares [1] - Shangfeng Cement's semiconductor investments have exceeded 1.7 billion RMB over the past five years, building a comprehensive ecosystem covering design, manufacturing, packaging, and materials [1][3]