| 序号 | 名称 | 接待机构数量 | 接待方式 | 接待人员 | 接待地点 | 接待日期 | 公告日期 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 久祺股份 | 9 | 现场参观,电 ... | 董秘 雍嫡 ... | 久祺股份有 ... | 2025/12/13 | 12月16日 | | 2 | 威力传动 | 5 | 线上会议 | 副总裁、董 ... | 线上会议 | 2025/12/16 | 12月16日 | | 3 | 金宏气体 | 5 | 特定对象调研 | 赵炯 | 金宏气体( ... | 2025/12/12 | 12月16日 | | 4 | 品高股份 | 1 | 业绩说明会 | 董事长 黄 ... | 上海证券交 ... | 2025/12/15 | 12月16日 | | 5 | 佐力药业 | 100 | 现场参观,电 ... | 董事长 前 ... | 公司会议室 ... | 2025/12/12 | 12月15日 | | 6 | 步科股份 | 47 | 现场参观 | 董事长、总 ... | 深圳市南山 ... | 20 ...

红杉五源之外，还有一个名字 。 作者/冯雨晨 报道/投资界PEdaily 4 0 0 0亿市值。 这是A股市场给摩尔线程的估值，足足比它I PO前最后一轮融资翻了十余倍。一场久违了的中国科技财富筵席，悄然上演。 如果把目光放至摩尔线程I PO前8 5家原始股东，有一家稍显别样：那是为数不多直接投了摩尔线程的上市公司，并且还是在天使轮下 手——这便是和而泰。 结合上市后摩尔线程股价，这笔投资一度为和而泰带来超3 0亿浮盈。公司背后掌舵人刘建伟堪称传奇：9 8 5高校博导下海创业，干出 了两家上市公司，凭借着对GPU国产化的洞察力成功押中摩尔线程。 现在年过6 0，他依然在创业一线。 哈工大教授 投了摩尔线程天使轮 早在摩尔线程1 4亿元估值时，和而泰就"上车"了。 2 0 2 0年11月，红杉中国、五源资本、和而泰等五家投了摩尔线程天使轮。在一众专业投资机构中，和而泰是唯一一家上市公司。完 成投资后，和而泰从未卖过手中持股，直至摩尔线程I PO时持有4 1 0 . 5 1万股。 靠着这一战，和而泰 账面浮盈一度 超3 0亿元。 但这绝不是一个只归结于好运的故事。投天使轮需要机会，更需要勇气。一家上市公司敢于在" ...

Core Viewpoint - The article highlights the significant breakthrough in domestic GPU development in China, led by Jiang Xueming and his investment in Lishan Technology, which has resulted in the first fully self-developed GPU surpassing NVIDIA's RTX series in certain benchmarks and gaming performance [1] Company Developments - Jiang Xueming's company, Dongxin Co., has transitioned from textiles and cement to storage chips and now to GPUs, embodying a philosophy of engaging in industries essential for national development [1] - Dongwu Cement has introduced Suzhou state-owned capital as its largest shareholder, marking a significant integration of local state-owned enterprises with overseas capital markets [1][2] - Following the acquisition, Hong Kong Port and Shipping Group became the largest shareholder with a 28% stake, while Jiang Xueming retains 16.89% [2] Strategic Transformation - The entry of Suzhou state-owned capital into Dongwu Cement is expected to lead to a strategic transformation or the injection of new resources, potentially moving away from traditional cement operations [2][3] - Dongwu Cement has already begun divesting from its biopharmaceutical and rare earth businesses, indicating preparations for a strategic shift [2] Industry Trends - Local state-owned enterprises typically aim for industrial optimization and upgrading, focusing on strategic emerging industries such as new energy, new materials, and high-end manufacturing [3] - There is speculation that Dongwu Cement may pivot towards emerging sectors like smart warehousing, modern logistics, and low-altitude economy, with a strong emphasis on low-altitude economy due to Jiangsu's proactive stance in this area [3][4] Market Expectations - The market has reacted positively to the involvement of Suzhou state-owned capital, with Dongwu Cement's stock price increasing by over 160% since August, reflecting optimism about its future development potential [5] - The innovative model of "local state-owned capital + overseas listed platform + industrial resources" is anticipated to set a new precedent for resource optimization and integration through mixed ownership reform [5]