12月2日，由东吴证券与财视中国联合主办的"中国私募基金高峰论坛"在苏州隆重举行。本次论坛邀请了超过200位来自主观多头私募基金、量化私募基 金、FOF、信托、家族办公室、券商自营、银行、投资机构等领域的行业领袖，围绕私募行业的策略演进及生态共建展开深度交流。东吴证券党委副书 记、总裁薛臻，东吴证券公司执委、总裁助理丁文韬，东吴证券研究所所长郭晶晶，以及财视中国创始人兼首席执行官朱浩等嘉宾莅临现场。 论坛在东吴证券总裁薛臻的开幕致辞中正式拉开帷幕。薛臻在致辞中指出，"924"行情以来，资本市场发展超预期，中国正构建长期慢牛格局，为证券私 募基金带来重大发展机遇。量化策略表现尤为突出，受到投资者与渠道的广泛认可，这也对传统多头策略的收益稳定性提出了更高要求。 薛臻介绍，论坛主办方东吴证券坚持服务机构客户，推动业务差异化发展，在投行、研究与自营投资等领域形成特色优势。投行业务方面，东吴证券北交 所IPO数量位列行业前三，债券发行数量位居行业第六，江苏市场占有率达20%，且连续十多年实现领跑。研究业务方面，东吴证券深耕卖方服务，"十五 五"目标冲击行业前三。自营投资方面，东吴证券则精准把握权益和债券市场机遇，获业内 ...

Group 1 - The core event is Luxshare Precision's submission of an IPO application to the Hong Kong Stock Exchange, aiming to raise over $1 billion to enhance its global supply chain capabilities [1] - Founded by Wang Laichun, Luxshare has transformed from a Foxconn employee to a key player in the precision manufacturing sector, achieving a revenue of 268.8 billion yuan in 2024, ranking fourth globally and first in mainland China [1][3] - The IPO reflects the ambition of Chinese manufacturing companies to break free from the "OEM dilemma" and build a global ecosystem [1][3] Group 2 - Luxshare's strategic ambition includes diversifying its business to reduce reliance on Apple, with consumer electronics contributing 72% of revenue in 2024, while automotive electronics grew by 49.6% over three years [4] - The company invested 8.56 billion yuan in R&D in 2024, representing 3.2% of its revenue, and holds 6,996 patents, with products like smart cockpit systems entering mass production [5] - A significant acquisition of the German Leoni Group for 4.4 billion yuan enhances Luxshare's high-end automotive wiring technology [6] Group 3 - The IPO proceeds will be allocated as follows: 40% for production expansion, 30% for R&D, and 20% for mergers and acquisitions to accelerate overseas supply chain development [7] - Luxshare's vertical integration strategy allows it to move from simple processing fees to mastering the entire supply chain, achieving stable gross margins of 10%-12% [8] - The company mitigates risks by diversifying its customer base and supply chain, with the top five suppliers accounting for 62.3% of purchases, while also leveraging "China R&D + Mexico manufacturing" to reduce geopolitical risks [9] Group 4 - Luxshare is positioning itself in future industries such as low-altitude economy, humanoid robotics, and AI computing, with projects like lightweight battery modules and joint motors entering trial production [10][11] - The rise of Luxshare exemplifies the pragmatic and adventurous spirit of the Chaozhou business philosophy, leveraging the Pearl River Delta's manufacturing ecosystem for rapid prototyping and delivery [12] - The company aims to become a "super interface" connecting the physical and digital worlds, using the Hong Kong IPO as a springboard for global expansion [13]