21世纪经济报道 记者 崔文静 北京报道 人工智能、绿色科技和生物医药，这些领域正成为投资者寻找长期回报的焦点。日前， 在由全球PE论坛组委会、北京基金业协会主办的"2025北京PE论坛"论坛上，北京基金业协会发布了20个"未来可持续投资"优秀 案例，揭示了当前资本流向的新趋势。 这些案例来自人保股权、CPE源峰、联想创投等机构，以及新石器无人车、御风未来等创新企业。一个清晰的信号是：资本不 再仅仅追逐风口，而是更倾向于进入那些具备明确技术门槛并能深度融合具体产业场景的领域。 从AI驱动的深度健康管理，到矿山与城市物流的无人化运营，再到支撑未来产业的底层硬科技，一幅资本助力技术商业化落地 的图景正在展开。 投资正在重塑医疗健康服务的形态，推动其从简单的在线咨询，转向更复杂的长期健康管理和前沿精准治疗。这一转变的核心 在于，资本开始青睐那些能系统性提升医疗效率并构建持续数据价值的商业模式。 一个典型的案例是"家医到"项目。它构建了一个AI驱动的家庭医生服务体系，通过"全科医生+健康管理师+专科网络"的模式， 为用户提供全年度的主动健康管理。该项目采用年费会员制，据称已服务超过10万家庭，且会员续约率连续三年保持 ...

Core Points - GreenPower Motor Company has entered an agreement to retain over $6 million in deposits for the manufacture of EV Star Cab & Chassis, with no further obligation to deliver vehicles [1] - The company will recognize a total of $6.8 million of deferred revenue in the current quarter ending December 31, 2025, improving its balance sheet [2] - The elimination of deferred revenue will reduce total liabilities and increase shareholders' equity by $6.8 million, strengthening the company's financial position [3] Financial Impact - The advance payments received for the EV Star Cab & Chassis were recorded as deferred revenue until vehicle delivery was accepted [2] - The recognition of this deferred revenue will positively impact the company's revenue and cash flow [3] Production and Future Plans - The EV Star Cab & Chassis manufactured with these payments will be utilized to produce the all-electric Type A Nano BEAST school bus, which is expected to reduce production lead times [3] - This strategic move is anticipated to create a clear path toward accelerated revenue recognition, margin expansion, and improved operating cash flow for the company [3]

Core Insights - Thunder Power Holdings, Inc. is accelerating the integration of its Taiwan assets and expanding its renewable energy portfolio, aiming for a tenfold increase in solar capacity to support its operational objectives for the third quarter of 2025 and to initiate steps toward relisting on NASDAQ [1][5]. Share Exchange and Integration - The company is finalizing a share exchange agreement with Electric Power Technology Limited, with closing expected by the end of 2025, pending regulatory and shareholder approval [2]. Solar Power and Clean Energy Expansion - Thunder Power is acquiring 100% equity in 16 solar power plants in southern Taiwan, increasing its managed capacity from 0.5 MW to 4.5 MW, which is projected to generate over NT$20 million in annual recurring revenue [3]. - The company is also evaluating acquisitions of engineering, procurement, and construction (EPC) solar providers and reviewing seven solar power projects ranging from 300 kW to 1.5 MW to enhance vertical integration and margins in renewable energy [4]. Ongoing Strategic Initiatives - The company is focused on maximizing project value through market data analysis and government incentives, aiming for strong returns aligned with Taiwan's renewable energy targets. Management is also seeking new financing options for energy storage and green technologies [5]. - The CEO emphasized the commitment to closing the merger with TW Company and expanding the green energy portfolio, with plans for further solar asset acquisitions targeting up to 50 MW in total by 2026 [5]. Financial Highlights - For the third quarter of 2025, Thunder Power reported no revenues as it continues pre-commercial development of electric vehicles. General and administrative expenses were $0.4 million for the quarter, reflecting a year-over-year decline [6][7]. - The net loss for the quarter was $0.4 million, with a total net loss of $1.7 million for the nine-month period, resulting in a loss per share of $0.01 for the quarter and $0.03 for the nine months [6]. Cash Position and Concerns - As of September 30, 2025, the company had cash on hand of $16.441 million, but faces material uncertainty regarding its ability to continue as a going concern due to significant operating losses and constrained cash inflow [10].

Core Viewpoint - JinkoSolar Holding Co., Ltd. will hold its 2025 annual general meeting on December 29, 2025, to discuss various corporate matters including the re-election of directors and the appointment of auditors [1][8]. Company Information - JinkoSolar is one of the largest and most innovative solar module manufacturers globally, distributing products and services to a diverse international customer base across multiple countries [5][6]. - As of September 30, 2025, JinkoSolar operates over 10 production facilities and has more than 20 overseas subsidiaries in countries including Japan, South Korea, Vietnam, India, Turkey, Germany, and the United States [6]. Meeting Details - The annual general meeting will take place at 10:00 a.m. Beijing time, and only shareholders of record as of November 28, 2025, will be entitled to vote [1][2]. - Key agenda items include the re-election of directors, ratification of auditors, and consideration of the audited financial statements for the year ended December 31, 2024 [8]. Financial Reporting - The 2024 Annual Report, which includes complete audited financial statements and the report of auditors, is available on the company's Investor Relations website [3]. - Shareholders can request a hard copy of the 2024 Annual Report and the board of directors' report free of charge [4].

Core Insights - Trane Technologies will participate in the Baird Global Industrials Conference on November 12, 2025, at 11:25 a.m. CT [1] - The live webcast of the conference will be available on the Trane Technologies website, with an archive accessible for 30 days post-event [2] - Trane Technologies is recognized as a global climate innovator, offering sustainable climate solutions through its brands Trane® and Thermo King® [3] Financial Performance - For Q3 2025, Trane Technologies reported diluted earnings per share (EPS) of $3.82, with adjusted continuing EPS at $3.88, reflecting a 15% increase year-over-year [6] - Bookings for Q3 2025 reached $5,979 million, up 15% from $5,213 million in Q3 2024, while net revenues increased by 6% to $5,743 million [6] Product Innovation - Trane Technologies launched the industry's first comprehensive thermal management system reference design for NVIDIA's gigawatt-scale AI data centers, setting new performance and scalability standards [7]

Core Points - Vontier Corporation will participate in the 2025 Baird Global Industrials Conference, with Senior Vice President and CFO Anshooman Aga presenting [1][4] - The presentation is scheduled for November 11 at 4:30 p.m. Eastern Time and will be available via live webcast [2] - Vontier is recognized as a leading global provider of technologies and solutions for the mobility ecosystem, focusing on productivity, automation, and multi-energy technologies [3][7] Company Overview - Vontier Corporation operates in the industrial technology sector, aiming to meet the demands of a connected mobility ecosystem [3] - The company emphasizes continuous improvement and innovation through the Vontier Business System [3] - Vontier has been acknowledged for its sustainability efforts, being named one of America's Greenest Companies 2026 by Newsweek [7]

Geopolitics and Market Reshaping - China's green technology is reshaping landscapes, markets, and geopolitics across much of the world [1] Regional Focus - Pakistan is highlighted as a particularly striking example of this transformation [1]

Core Insights - Investors today have a wide range of options for investment, including private markets and cryptocurrencies, making traditional stocks seem outdated [1][2] - Exchanges are increasingly collaborating rather than competing, reflecting a shift in the investment landscape [2] Market Performance - Stock markets are performing well, with indices reaching all-time highs, driven by retail investors engaging with popular companies and investment trends [3] - The U.S. market is showing signs of recovery, with more companies looking to go public, including private equity and government-backed firms [4] IPO Trends - Saudi Arabia has seen a significant increase in IPOs, rising from 8-9 annually to around 40-45 [5] - Hong Kong has completed nearly 80 IPOs recently, indicating a recovery in investor confidence regarding Chinese stocks [5] Investor Behavior - The rise in global IPOs is attributed to investors seeking diversification to mitigate market volatility caused by geopolitical uncertainties and protectionist policies [6] - There is a strong demand for investments in sectors like AI, semiconductors, and green technology, alongside a new trend in consumer products, exemplified by the popularity of Labubu dolls [6]

Core Insights - The 2025 Carbon Peak and Carbon Neutrality Forum will be held in Shenzhen, focusing on "AI Empowering Urban Green Development" and gathering global wisdom to discuss a sustainable future [2] - The event will feature a combination of exhibitions and investment matchmaking, showcasing innovative low-carbon technologies and facilitating collaboration among enterprises [2][6] Group 1: Exhibition Highlights - The "New Municipal" exhibition area will present a real-life model of a city-level energy system, featuring 63 products from 37 companies, showcasing the innovative "New Municipal" framework of Longgang District [3] - The exhibition will cover five core areas, including smart parks, new energy, sanitation battery swapping, unmanned logistics, and low-altitude economy, illustrating the comprehensive green transformation path of Longgang [4] Group 2: Future Home Exhibition - The "Future Home" exhibition area will display 72 green low-carbon innovative products from 44 companies, divided into four experiential scenarios that demonstrate the application of green technologies in future living [5] - Scenarios include AI integration, smart home systems, low-carbon manufacturing, and innovative materials, highlighting the synergy of technology, culture, and low-carbon concepts [5] Group 3: Investment and Collaboration - An investment promotion conference will take place on October 28, focusing on low-carbon industries, featuring project signings and the release of a white paper on the construction of a green intelligent system [6] - This dual approach of exhibition and investment aims to accelerate the transformation of innovative technologies and promote the development of new productive forces in Longgang [6]

Core Insights - Overall car sales have remained steady this summer, but demand for electric vehicles (EVs) and hybrids has accelerated significantly as consumers rush to purchase before federal tax credits expire [1][2][3] Group 1: Sales Trends - EVs and hybrids are currently selling approximately 30% faster than at the beginning of summer, indicating a notable shift in consumer behavior [2] - Despite the increase in EV and hybrid sales, overall vehicle sales have remained mostly stable, which is a departure from previous trends where these sales typically aligned [2] Group 2: Tax Incentives - The Inflation Reduction Act provided incentives for EVs and some plug-in hybrids, including a $7,500 tax credit for new models and $4,000 for used ones, which are set to expire on September 30 [3] - The urgency created by the impending expiration of these credits has led to a spike in EV and hybrid sales [3] Group 3: Consumer Guidance - CARFAX has provided tips for navigating the used EV and hybrid market, emphasizing the importance of vehicle history reports, budgeting, test drives, and pre-purchase inspections [4][8]