博腾股份公告，公司拟以1元对价受让陈彦希持有的深圳市倚锋云鼎创业投资合伙企业（有限合伙）部 分份额，受让完成后，公司将按照《合伙协议》的约定履行2000万元人民币认缴份额的实缴出资义务。 本次交易不构成《上市公司重大资产重组管理办法》规定的重大资产重组，也不构成关联交易。本次交 易完成后，公司将持有倚锋云鼎基金18.180165%份额。 ...

企查查APP显示，近日，青岛红马金鑫创业投资基金合伙企业（有限合伙）发生工商变更，新增天阳科 技（300872）等为合伙人，持股47.54%成大股东，同时原股东北京金鑫国泰投资管理有限公司持股比 例由99.5%下降至23.3%。企查查信息显示，该企业成立于2025年5月，经营范围包含：以私募基金从事 股权投资、投资管理、资产管理等活动。 （原标题：天阳科技入股红马金鑫创投基金，成大股东） ...

登录新浪财经APP 搜索【信披】查看更多考评等级 一、本次投资概述 上海泰坦科技股份有限公司（以下简称"公司"）于2025年9月25日披露《关于认购创业投资基金份额的 公告》（公告编号：2025-041），公司拟作为有限合伙人以自有资金2,900万元人民币认购上海泰礼璟 源创业投资合伙企业（有限合伙）（以下简称"接力基金第七期"或"合伙企业"）份额。 证券代码：688133 证券简称：泰坦科技 公告编号：2025-048 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 上海泰礼璟源创业投资合伙企业（有限合伙） 上海泰坦科技股份有限公司董事会 公司将密切关注合伙企业后续经营管理状况，敦促其加强投资管理及风险控制，切实降低投资风险，并 严格按照信息披露管理相关规定及时履行信息披露义务。敬请广大投资者注意投资风险。 特此公告。 根据《上海证券交易所科创板股票上市规则》《上海泰坦科技股份有限公司章程》及《对外投资管理制 度》等相关规定，本次对外投资已经公司总经理批准，无需提交公司董事会及股东大会审议。本次投资 不属于关联交易，亦不 ...

上峰水泥（000672）(000672.SZ)发布公告，公司全资子公司宁波上融物流有限公司(以下简称"宁波上 融")以自有资金人民币1亿元与专业机构苏州工业园区兰璞创业投资管理合伙企业(普通合伙)合资成立专 项股权投资基金——苏州工业园区芯程创业投资合伙企业(有限合伙)(以下简称"苏州芯程")。宁波上融 持有苏州芯程55.60%(按实缴出资)的投资份额。截至本公告日，苏州芯程持有昂瑞微25.7706万股，占其 首次公开发行后总股本的0.2589%，该部分股份自昂瑞微上市之日起12个月内不得转让。 ...

格隆汇12月15日丨市北高新(600604.SH)公布，根据《上海中叶至源创业投资合伙企业（有限合伙）合 伙协议》相关条款约定，经全体合伙人协商一致同意，将基金的认缴出资额由30,360万元人民币减少至 20,244万元人民币，其中公司的认缴出资额由6,000万元人民币减少至4,000万元人民币。公司前期已对 基金实缴出资4,000万元人民币，后续将不再继续出资。 ...

格隆汇12月15日丨市北高新(600604.SH)公布，根据《上海中叶至源创业投资合伙企业（有限合伙）合 伙协议》相关条款约定，经全体合伙人协商一致同意，将基金的认缴出资额由30,360万元人民币减少至 20,244万元人民币，其中公司的认缴出资额由6,000万元人民币减少至4,000万元人民币。公司前期已对 基金实缴出资4,000万元人民币，后续将不再继续出资。 ...

泰坦科技公告，公司作为有限合伙人以自有资金2900万元人民币认购上海泰礼璟源创业投资合伙企业 （有限合伙）份额。接力基金第七期首关认缴出资为2.42亿元，泰坦科技认购11.9835%的财产份额。待 基金完成最终募集后，基金总认缴出资额不超过4亿元，泰坦科技认缴出资额保持2900万元。合伙企业 已完成工商注册登记，出资额为2.42亿元人民币，成立日期为2025年12月15日。 ...

Core Viewpoint - The primary focus of the article is the comprehensive recovery of the primary market in fundraising, investment, and exit strategies, supported by favorable policies and increased funding in the venture capital industry since 2025 [1]. Fundraising - Fundraising challenges that have long plagued the venture capital industry are gradually improving in 2025, with long-term funds from banks, insurance, and social security funds accelerating their entry into the market [3]. - The establishment of financial asset investment companies (AIC) by major banks marks a significant increase in fundraising capabilities, with a cumulative investment of 45.272 billion yuan, a year-on-year increase of 37.7% since September 2024 [3]. - Local governments have issued 52 billion yuan in special bonds directed towards government-guided funds, enhancing the capital pool for venture capital [4]. - The total contribution from government-guided funds, industrial capital, and state-owned funds has increased by 23.9%, 26.7%, and 59.7% respectively in 2025 [4]. - Institutional LP contributions reached 1.45 trillion yuan in 2025, a year-on-year growth of 16% [4]. Investment Trends - The recovery in fundraising has led to a surge in investments in hard technology sectors such as biomedicine, semiconductors, artificial intelligence, and robotics, with investment speeds increasing by 20% to 30% compared to 2024 [6]. - The resilience of China's technology innovation ecosystem has attracted significant global capital, with notable investments in companies like DeepSeek and Yushutech [6]. - Investment in hard technology sectors has seen over 30% growth in financing numbers compared to 2024, with the robotics sector particularly thriving, surpassing the total number of financing events from the previous two years [7]. Exit Strategies - The exit channels for venture capital have diversified, with IPOs remaining a key exit route, and new avenues such as S funds and mergers and acquisitions gaining importance [9]. - In 2025, several companies have successfully completed IPOs, with the A-share and Hong Kong markets accounting for 16% and 33% of global IPO activities respectively [9]. - The establishment of S funds by local state-owned assets has contributed to a more diverse exit strategy landscape, with 17 new S funds launched between 2024 and the first half of 2025 [10]. - The focus on mergers and acquisitions has increased, with venture capital firms actively seeking exit strategies for their investments [11]. Overall Industry Outlook - The venture capital industry in China is experiencing a comprehensive recovery, supported by policies that enhance the fundraising, investment, and exit ecosystem, thereby strengthening its role in supporting technological innovation and contributing to high-quality economic development [11].

Core Insights - Zhongke Chuangxing Technology Investment Co., Ltd. announced the successful closure of its Pioneer Venture Capital Fund with a total scale of 4.08 billion yuan [1] - The fund has invested in 46 hard technology projects, with over 90% of investments in early-stage projects [1] - Key investment areas include artificial intelligence and biotechnology, covering various subfields such as AI chips, quantum computing, and gene editing [1] Group 1 - The fund's limited partners include notable institutions such as the National SME Development Fund and Ant Group, indicating strong institutional support [1] - Zhongke Chuangxing aims to cultivate hard technology champion enterprises from the ground up, contributing to China's global competitiveness in hard technology [2] - The company has established a public technology service platform for optoelectronic chip packaging and testing, enhancing its incubation services [2] Group 2 - Zhongke Chuangxing has nurtured 6 unicorns and 23 national-level specialized "little giant" enterprises, showcasing its successful incubation efforts [2] - In 2023, the company set up a "high-quality incubator" in Shanghai, focusing on original innovation in hard technology [2] - The company is currently deep incubating 9 projects in areas such as liquid cooling and two-dimensional semiconductors [2]

来源：中科创星 每日｜荐读 论坛： 新一批敲钟人，已在路上 荐读： 重新发现香港：科创时代的新蓝图 榜单： 全国首只AIC产业母基金来了 热文： 投资人"忙疯了" 12月11日，中科创星先导创业投资基金完成终关募集，基金总规模达到40.8亿元。本次终关签约的新增LP涵盖太保资本长航母基金、海淀区中关村 科学城科技成长基金、蚂蚁集团、广州产投、珠海科技产业集团、南京市创投集团、复旦科创母基金、国联民生等多元化机构。 整体来看，中科创星先导创业投资基金的LP组合，进一步推动了LP结构向"国家级母基金+险资+产业资本+高校资本+区域资本"的多元协同格局升 级。基金自首关以来，在不到半年的时间内已投资46笔项目， 包括AI芯片、TPU、具身智能、AI4Science、AI硬件、量子、可控核聚变、小型裂 变堆，以及基因编辑、免疫细胞治疗、病毒感染预防、生物基色素、农业微生物等领域。 基金"投早投小"特色鲜明，前两轮项目达42笔，占比超过90%，精准覆盖技术萌芽阶段。同时，源头创新转化成效显著，有32笔项目直接来源于科 研院所与高校的成果转化，有效激活了智力资源。 ...