（来源：光伏产业网官微） 行业入冬，市场遇冷。 曾经出海融资的"黄金通道"GDR，如今也遭遇罕见冰封。 12月9日晚间，光伏"老大哥"隆基绿能发布公告，宣布其筹划三年的瑞士GDR发行计划终止。这意味 着，原计划高达199.96亿元人民币的巨额融资，彻底泡汤。 所谓GDR（Global Depository Receipts，全球存托凭证），是指某一国家或地区证券市场上发行与交易 的代表境外公司有价证券权益的可转让凭证。简单来说，就是中国企业连接全球资本的一条捷径，企业 本体无需在境外经历繁琐的"敲钟"流程，只要发行代表股权的凭证，就能让海外资金"隔空"注入。 行业寒冬之下，众多企业需要扩充资金来"续命"。怎奈何，国内IPO与再融资政策一再收紧。与其在国 内塞车，不如将目光转向国际投资者。 3年前，当隆基启动GDR计划时，正值中国光伏鲜花着锦的高光时刻，彼时出海是强者的远征；3年后 的今天，这场百亿级融资的撤退，偏偏又撞上了行业最惨烈、最痛苦的去产能周期。 回望过去两年，从爱旭股份到福斯特，从先导智能到隆基绿能，那些结伴奔赴阿尔卑斯山脚下的光伏大 军，如今已呈全线撤退之势。 瑞士证券交易所，俨然成了中国光伏资本 ...

Core Viewpoint - As the domestic market matures and becomes saturated, going global has become an important development direction for Chinese companies, with significant advancements in technology and brand strength enabling them to compete internationally [1][2]. Group 1: Company Development and Strategy - Zhongkong Technology has transitioned from imitation to independent innovation and disruptive innovation, showcasing its capability to expand into global markets [2]. - The company has accumulated over 100 billion bytes (100EB) of valuable industrial data and more than 100,000 control systems, providing a solid foundation for developing industrial AI models [2][3]. - In 2024, Zhongkong Technology's revenue is projected to approach 10 billion yuan, a significant increase from approximately 3 billion yuan in 2020, highlighting the impact of the Science and Technology Innovation Board (STAR Market) on its growth [4][5]. Group 2: Technological Advancements - Zhongkong Technology is focusing on key areas such as industrial AI, industrial robots, and automation upgrades to enhance its technological capabilities and prepare for future growth [3][6]. - The company has made significant progress in the industrial robotics sector, with products rapidly applied in industrial scenarios, further enhancing its intelligent solutions [3]. Group 3: Global Expansion Strategy - The company has adopted a strategy of "planting flags on the highest peaks," emphasizing partnerships with top global enterprises to achieve high-quality overseas business development [4]. - A strategic collaboration with Saudi Aramco signifies international recognition of Zhongkong Technology's capabilities in the petrochemical sector [4]. Group 4: Support from the STAR Market - The STAR Market has provided crucial funding and brand endorsement, facilitating Zhongkong Technology's international market recognition and expansion [5]. - The issuance of Global Depositary Receipts (GDR) and a successful acquisition of a European analytical instrument company have further enhanced the company's global outreach and technological capabilities [5].