Group 1 - The investment heat in the graphene industry has declined, with the number of financing events dropping from 20 in 2023 to 6 in 2024 [1][2] - The graphene industry is in a rapid development phase, with most financing events occurring in the angel and A rounds, particularly in the angel round with 19 events [2][12] - Financing in the graphene industry is primarily focused on material research and production, with a significant number of events occurring in this area from 2016 to 2024 [5][6] Group 2 - The main investment entities in the graphene industry are primarily investment firms, with notable representatives including Guoke Investment and Zhongguancun Venture Capital [12] - Mergers and acquisitions in the graphene industry are mainly characterized by vertical integration, enhancing the competitiveness and sustainability of companies [14][15] - Key merger and acquisition events include the acquisition of Zhaluteqi graphite mining company by Del Future and the acquisition of 68% of New Energy Technology by Two-Dimensional Carbon [15][14]