Group 1 - The core focus of the recent research by Jingling Investment is on the Aladdin platform, which operates independently from the Chinese Academy of Sciences and has a wide market coverage [1] - The Aladdin platform has registered 247,000 members, over 1,800 research institutions, and 10,218 suppliers, with an annual transaction volume nearing 4 billion yuan [1] - Revenue sources for the platform include store fees, bridge fees, value-added service fees, and advertising fees, with a notable profit increase in 2023 attributed to non-recurring income [1] Group 2 - The company completed contract signing, payment, and asset delivery in August 2023, and continues to utilize distributors for better customer service [1] - Jingling Investment has completed six investments across various fields and is actively seeking new projects [1]

Group 1 - The core viewpoint of the news is that YuXiu Asset Management has conducted research on a listed company, Aladdin, focusing on its operational platform, market competitiveness, revenue structure, and profit fluctuations [1] - The Kasima platform operates independently from the Chinese Academy of Sciences, with a wide business coverage, including 247,000 registered members, over 1,800 research institutions, and 10,218 suppliers, achieving an annual transaction volume of nearly 4 billion yuan [1] - Revenue sources for the Kasima platform include store fees, bridge fees, value-added service fees, and advertising fees, with 2023 profits being high due to non-recurring income, while a decline in 2024 profits is not attributed to core business operations [1] Group 2 - YuXiu Capital, established in January 2015, is a private equity fund management institution focused on private securities investment, founded by former senior executives from the industry [2] - The company operates under a limited liability partnership structure, aiming to maximize team vitality and provide multi-strategy, high-quality asset management solutions to clients [2]

Group 1 - The core viewpoint of the news is that the private equity firm Jian Shun Investment has conducted research on a listed company, focusing on the operations and market position of the Kasma platform, which is a procurement platform for scientific research products [1] - The Kasma platform operates independently from the Chinese Academy of Sciences, with a wide business coverage, including 247,000 registered members, over 1,800 research institutions, and 10,218 suppliers, achieving an annual transaction volume of nearly 4 billion yuan [1] - Revenue sources for the Kasma platform include store fees, bridge fees, value-added service fees, and advertising fees, with a notable increase in profit for 2023 attributed to non-recurring income, while a decline in profit for 2024 is not due to core business operations [1] Group 2 - The company has completed six investment deals across various fields and will continue to seek new projects [1] - Jian Shun Investment Management Company, established in April 2006, focuses on capital market investment management and consulting services, covering domestic A-shares and Hong Kong stock markets [2]

Core Insights - The article highlights the groundbreaking technology developed by the Beijing-Tianjin-Hebei National Technology Innovation Center, which includes a miniature multi-photon microscope capable of real-time imaging of freely moving mice's neurons, even in space [1][2]. Group 1: Technology Development - The miniature multi-photon microscope weighs only 2.2 grams and can be worn on a mouse's head, allowing for the observation of neuronal activity in real-time during free movement [2]. - This technology enables imaging of the entire cortex and hippocampus of the brain, providing critical data for neuroscience research and behavioral studies [2]. - The device has been utilized in over 60 top research institutions, yielding more than 20 high-quality research outcomes [2]. Group 2: Innovation Center's Role - The Beijing-Tianjin-Hebei National Technology Innovation Center was established to support China's first comprehensive national technology innovation center, focusing on disruptive innovation and collaborative development in the region [4]. - The center employs around 100 dedicated technical managers to oversee the entire lifecycle of projects, from discovery to implementation [4][5]. - The center has a distributed work structure with a hub in Beijing and branches in major cities globally, allowing for the identification of approximately 5,000 disruptive technology projects annually [4]. Group 3: Project Evaluation and Support - The center evaluates disruptive technologies based on a unique filtering process that considers seven dimensions, ensuring that only projects with strong potential are selected [5]. - Financial support for projects varies, with early-stage projects receiving between 300,000 to 2 million yuan, depending on their development stage [7]. - The center has cultivated around 130 companies, with 40% of them expanding from outside the Beijing-Tianjin-Hebei region, and has a project reserve of over 400 disruptive potential projects [8].

Core Viewpoint - The rapid development of China's scientific research capabilities is gaining global attention, with significant increases in international collaboration and publication output, particularly in the context of the Belt and Road Initiative [2][6]. Group 1: International Collaboration and Publication Statistics - From 2021 to 2023, the average number of international co-authored papers was approximately 186,000 for the United States and 143,000 for China, indicating that China's output is approaching that of the U.S. [4][5]. - China has established strong collaborative relationships, ranking in the top 10 for co-authored papers with 81 countries and regions, which is double the number from 2011 to 2013 [6]. - The report highlights that new partners for China include Malaysia and South Africa, primarily from countries involved in the Belt and Road Initiative [6]. Group 2: Impact and Influence of Chinese Research - China ranks first in the number of "highly cited papers," which are considered influential and of high quality, with 67% of citations coming from within China itself [8]. - The global number of papers peaked at approximately 2.1 million in 2022 but decreased to about 2.01 million in 2023, with international co-authored papers also declining from around 580,000 in 2021 to about 530,000 in 2023 [9]. - The decline in global publication numbers is attributed to the COVID-19 pandemic and geopolitical tensions, particularly between China and the U.S. [9].

Core Insights - A patent titled "Support Structure and Construction Method for Comprehensive Mining Face" has been granted to four companies, including China Coal Technology and Engineering Group, Tiandi Technology Co., Shanxi Qinxin Coal Industry Co., and the Coal Science Research Institute [1][2] Company Summaries - **China Coal Technology and Engineering Group**: Established in 2020, located in Beijing, primarily engaged in research and experimental development. The company has a registered capital of 50 million RMB, has invested in 3 companies, participated in 734 bidding projects, holds 1584 patents, and possesses 10 administrative licenses [1]. - **Tiandi Technology Co.**: Founded in 2000, also based in Beijing, focuses on technology promotion and application services. The registered capital is approximately 4.14 billion RMB. The company has invested in 29 enterprises, participated in 1808 bidding projects, holds 33 trademarks, 1759 patents, and has 17 administrative licenses [1]. - **Shanxi Qinxin Coal Industry Co.**: Established in 2011, located in Changzhi, primarily involved in capital market services. The registered capital is 1 billion RMB. The company has invested in 6 enterprises, participated in 86 bidding projects, holds 12 patents, and has 45 administrative licenses [2]. - **Coal Science Research Institute**: Founded in 2000, located in Beijing, engaged in research and experimental development. The registered capital is approximately 5.1 billion RMB. The institute has invested in 22 companies, participated in 415 bidding projects, holds 29 trademarks, 1238 patents, and has 46 administrative licenses [2].

Core Viewpoint - The introduction of the "Technology Vice President" role in Shaanxi Province aims to facilitate the market-oriented flow of technological resources, addressing the disconnect between academia and industry, and enhancing innovation through direct involvement of research talents in corporate decision-making [1][3]. Group 1: Policy Implementation - Shaanxi's policy allows enterprises to recruit "Technology Vice Presidents" from universities and research institutions, promoting innovation and addressing key technological challenges [1][4]. - The policy establishes a three-party agreement framework that allows research personnel to retain their university positions while serving as corporate executives, thus resolving systemic barriers to talent mobility [3][5]. - A KPI evaluation system will be created to quantify contributions in research and development, guiding resources towards industry needs [3]. Group 2: Historical Context and Expansion - The "Technology Vice President" initiative originated in Jiangsu in 2013 and has since been adopted by over 20 provinces, focusing on breaking down barriers for research personnel to work in enterprises [5][6]. - Other provinces, such as Zhejiang and Henan, have developed their own action plans and frameworks to enhance the flow of intellectual capital and establish clear responsibilities and rights [6][7]. Group 3: Impact on Innovation - The policy has shown significant results in various regions, facilitating collaboration between university professors and enterprises, leading to the resolution of technical challenges and the filing of patents [8][9]. - Successful case studies include projects that have received provincial awards and significant cost reductions through technological advancements, demonstrating the effectiveness of the "Technology Vice President" role in driving innovation [9]. Group 4: Challenges and Future Directions - Despite progress, challenges remain in aligning market demands with research capabilities, as well as in establishing stable partnerships between academia and industry [10].

宝鸡市相关负责人表示，秦创原（宝鸡）产业创新研究院是宝鸡市重点布局的新型研发机构，是宝 鸡市深化教育科技人才体制机制一体改革、推动产教融合的生动实践，是政校企协同创新的重要结晶。 该研究院的成立，将为全市科技单位及部门、宝鸡文理学院、重点产业链企业技术创新和融合发展提供 有效路径和重要平台。 据了解，秦创原（宝鸡）产业创新研究院将聚焦宝鸡市六大优势产业集群和重点产业链，以需求牵 引创新，全力破解科技成果转化"最后一公里"难题，积极探索产学研用深度融合新路径，"种"好教育科 技人才一体改革"试验田"，大力改革机制促创新，汇聚优势力量促创新，加大人才和智力供给，开放技 术场景与实践平台。（记者：李静茹） 日前，秦创原（宝鸡）产业创新研究院揭牌，落户中国石油集团宝石管业有限公司（以下简称"宝 石管业"）。该研究院的成立旨在聚焦区域产业需求，构建产学研用深度融合的创新体系，通过宝鸡市 科技局、宝鸡文理学院、宝石管业三方协同创新，充分发挥政策资金支持、高质量人才和智力供给、开 放技术场景与实践平台作用，进一步提升科技创新能级，为宝鸡新型工业化建设提供更大支撑。 宝鸡作为西部工业重镇、国家创新型城市和秦创原"两链"融合示 ...

Core Viewpoint - The Shanghai government has introduced measures to enhance corporate investment in fundamental research, aiming to strengthen the role of enterprises in technological innovation and improve original innovation capabilities in key and future industries [1] Group 1: Policy Measures - The "Explorer Program" is a detailed policy under the measures to solidify effective policies and expand the scale of cooperating enterprises [1] - The measures include both "giving fish" and "teaching to fish" policies to encourage corporate investment in fundamental research [2] - Financial incentives are provided for companies based on their annual investment in fundamental research, with subsidies ranging from 200 million to 1 billion yuan [2] Group 2: Corporate Participation - As of now, 22 enterprises have joined the "Explorer Program," including state-owned, private, and foreign companies [3] - The program encourages collaboration between enterprises and research institutions to address scientific problems behind technological challenges [3] - Companies like United Imaging Healthcare have successfully launched clinical trials for innovative technologies supported by the program [3] Group 3: Collaborative Innovation - The measures promote deep integration of industry and academia through collaborative innovation centers, enhancing project-based cooperation [4] - United Imaging Healthcare has established partnerships with Shanghai Jiao Tong University and Ruijin Hospital to advance research in medical imaging technology [5] Group 4: Philanthropic Initiatives - The measures support the establishment of public welfare funds by enterprises to promote fundamental research, with matching support from the government [5] - Titan Technology has set up a non-public fundraising foundation to support original research projects in materials science and chemistry [6] - A new public welfare fund initiated by 16 state-owned enterprises aims to support fundamental research, marking a significant step in corporate involvement in scientific exploration [6]

Core Viewpoint - Shanghai has introduced measures to enhance corporate investment in fundamental research, aiming to strengthen the role of enterprises in technological innovation and high-quality development [1][2][4]. Group 1: Policy Measures - The newly released measures include nine specific actions to encourage enterprises to invest in fundamental research, with a maximum annual financial subsidy of 10 million yuan for eligible companies [1][9]. - The "Explorer Program" will be further promoted, which encourages enterprises to engage in fundamental research and collaborate with government bodies [5][6]. - The measures aim to optimize the structure of funding for fundamental research, enhancing the depth and breadth of innovation in technology enterprises [4][8]. Group 2: Current State of Corporate Research Investment - In 2023, enterprises accounted for 77.7% of the total R&D expenditure in China, with a contribution rate of 79.4% to the growth of R&D funding, indicating a solidifying role in innovation [3]. - Despite the growth in R&D funding, there is still a need for increased investment in fundamental research by enterprises, as most focus on experimental development [3][4]. - Shanghai's investment in fundamental research is projected to be around 11% of total R&D expenditure in 2024, surpassing the national average of 6.91% but still below international standards [3][4]. Group 3: Collaborative Efforts and Initiatives - The Explorer Program has expanded from 2 to 22 participating enterprises, covering various fields such as integrated circuits and biomedicine, indicating a growing collaboration between enterprises and research institutions [5][6]. - The establishment of the Shanghai Origin State-owned Assets Innovation Fund aims to support fundamental research through diverse funding channels, addressing the high-risk nature of such investments [15][16]. - Joint research platforms between universities and enterprises have been established, with nearly 20% of university research funding coming from corporate investments, highlighting the importance of collaboration in advancing fundamental research [16][17].