21世纪经济报道记者 赵娜 报道 近年来，国资机构在私募股权和创投行业成为绝对主力，统计显示国资类平台LP的出资占比已过八 成。 创投行业亟待复苏的当下，国资机构不仅注入重要资金，更"下场"参与直投，成为行业焦点。然而，这 也引发市场化PE/VC机构的担忧——政府投资基金在回报预期和投资周期上更具灵活性，市场化机构则 更多遵循财务逻辑，优质项目争夺中面临挤压。 "昆山要实现产业升级，必须引进更多高质量的科技企业。新时代对招商工作提出了更高要求，我们希 望通过与头部机构的深度合作，精准发现并吸引最优秀的企业落地昆山。"今年5月，昆山创控集团（以 下简称"创控集团"）党委书记、董事长黄健接受《21世纪经济报道》记者采访时传递出国资愿与市场共 建生态的积极信号。 作为地方国企，创控集团将依托科创空间载体和多元金融工具，为企业提供全生命周期支持服务；在股 权投资方面，创控集团也将以"耐心资本"的姿态，持续赋能昆山创新资本生态建设。 创控集团是昆山市首家跨行业、综合性国有企业，亦是全国首家集团主体获评信用AAA评级的县域国 有企业。这家地方国资机构拥有深厚的金融发展历史基因，已构建涵盖融资租赁、商业保理、融资担 保、科 ...

当前，一些"首发"存在同质化竞争问题。对此，我省在政策中要求各地因地制宜打造首发特色。比 如，沈阳市对标国际消费中心城市，依托商业综合体、博物馆、旅游景区等载体，举办首发季活动，打 造"辽宁国货潮品首发中心"。大连市发挥面向东北亚开放优势，探索建设创意产业首发中心，举办大连 动漫产业首发周活动。其他城市要充分发挥当地产业、贸易优势，打造区域特色首发品牌。 首发经济，强调链式发展全过程，不仅关注首次活动，还包括新品研发、发布、展示、推广和销售 的完整体系。我省将创新推进"首发+"融合发展，推进"首发+智能制造"，开展"首发+跨境贸易"，推 进"首发+文体旅消费"，推进"首发+集聚区建设"。比如，在"首发+智能制造"中，我省鼓励制造业企业 结合新技术、新工艺，围绕优势领域创新产品，抢占首发机遇，努力打造智能制造首发产品新高地。 "目前，我省每个月都有首发、首秀、首展新生力量的注入，比如全国首家'体育+'商业综合体开 业、首个聚焦宠物电商主题展等。一系列首店、首展、首秀给消费者带来更多的新鲜感、体验感，也激 发了消费潜能和城市活力。"省商务厅相关负责人表示，下一步，我省将会同有关部门尽快推动首发经 济高质量发展若干 ...

文/梧桐晓编 5月29日，北京证券交易所受理3家IPO申请：大连美德乐（874489）、浙江永励精密（874457）、浙江海圣医疗（873794）。至此，2025年北交所已受理12家企业 的IPO申请。凑巧的是，比亚迪都是美德乐、永励精密的大客户。 | 序号 | | | 注册地 | 保荐机构 律师事务所 更新日期 | 会计师事务所 | | 受理日期 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 874489 美德乐 | | | 国泰海通证 比京德恒律师 容诚会计师事务所 事务所 券股份有限 事务所 | | | | | | | | | 公司 | | | | | 2 | 874457 | 永励精密 | 已受理 浙江省 宁波市 | 平安证券股 北京国枫律师 立信会计师事务所 2025-05-29 2025-05-29 1 份有限公司 事务所 (特殊普通合伙) 份有限公司 | | | | | 3 | 873794 海圣医疗 | | | 中信证券股 浙江天册律师 天健会计师事务所 。 份有限公司 事务所 (特殊普通合伙) | | 2025-05-29 ...

项目签约、成果发布、代表发言……5月29日，2025浙江.台湾合作周温州专场活动在浙江温州启幕。本 次温州专场活动以"共育新质生产力.共享开放新机遇"为主题，精心策划了"1+4"系列活动框架。温州人 素以"敢为天下先"闻名，台湾人有"爱拼才会赢"的精神。近300位来自海峡两岸的嘉宾、专家学者、行 业协会成员、企业代表及在温台商台青共聚一堂，携手探索新质生产力的发展路径，共绘温台各领域融 合发展的新篇章。 海峡两岸(温州)大健康产业园自启动以来，已形成一定的产业集聚效应，尤其在生物医药研发、医疗服 务体系建设等方面，具备开展深度合作的广阔空间。今年，海峡两岸(温州)大健康产业园平台进一步深 化温台在大健康产业领域的合作。活动现场新签约台资项目16个，场外签约项目12个，总投资额达 41.84亿元，涉及医疗健康、智能制造、健康食品等领域。 两岸青年交流是本次活动的重点之一。启动仪式现场，温州支持台青发展政策正式发布，内容涵盖创业 扶持、就业指导、生活保障等八方面措施，为在温台青提供了更多发展机遇和服务保障。现场邀请了多 位在温创业就业的优秀台青代表，分享在温创业就业感悟，讲述两岸青年在温同心同行、携手打拼的精 彩 ...

Core Viewpoint - The company, Ningxia Juneng Robot Co., Ltd. (referred to as "Juneng"), reported a revenue of 252.6 million yuan in 2024, marking a 16.65% increase year-on-year, despite a net loss attributable to shareholders. The company achieved a turnaround in the first quarter of this year with a revenue of 36.1 million yuan and a net profit of 1.82 million yuan [2] Group 1: Company Performance - Juneng's revenue for 2024 was 252.6 million yuan, a 16.65% increase compared to the previous year [2] - The company reported a net profit of 1.82 million yuan in Q1 2024, indicating a turnaround from previous losses [2] - The company is focusing on product innovation, market expansion, and cost control to enhance profitability [2] Group 2: Industry Trends - The Ministry of Industry and Information Technology and other departments have launched an initiative to cultivate smart factories, which will accelerate the digital and intelligent transformation of the manufacturing industry [3] - The manufacturing model is transitioning from single-machine production to flexible manufacturing, which emphasizes "small batch, multi-variety, and customized production" [3] Group 3: Flexible Manufacturing - Juneng is developing a unique path in flexible manufacturing, utilizing software algorithms and modular hardware design for efficient product switching [4] - The demand for flexible manufacturing lines is driven by the rapid technological iteration in the new energy vehicle sector and the need for quick adaptation in non-automotive industries [3][4] Group 4: Market Recognition - Juneng has been recognized for its contributions to flexible manufacturing and smart factory solutions, with several client factories being listed in the first batch of "Excellent Smart Factory" projects by the Ministry of Industry and Information Technology [5] - The company showcased its high-flexibility intelligent production line at the 19th China International Machine Tool Exhibition, demonstrating its "New Manufacturing Paradigm" [5] Group 5: Future Development Focus - The company plans to focus on three main R&D directions: flexible manufacturing technology, intelligent technology centered on industrial software, and large/heavy automation products to meet the demands of the new energy vehicle sector [6]

Group 1: Company Developments - Tianming Technology announced its entry into the robotics sector by signing a cooperation development agreement with Hangzhou Zhongzhi High Intelligent Technology Co., Ltd, focusing on key technologies for robotic drive joints and electric pedal drive joints [3] - The total development budget for the collaboration is estimated to be between 15.25 million and 21.65 million yuan [3] - Tianming Technology plans to establish the "Tianming Technology Robotics Research Institute" to recruit and train talent for its robotics research and industrialization efforts [3][4] Group 2: Market Reaction - Following the announcement of its transformation into a robotics concept stock, Tianming Technology's share price surged, opening high and rising over 19% at one point, ultimately closing up 14.98% at 19.19 yuan per share, with a total market capitalization of 2 billion yuan [5] Group 3: Industry Context - The robotics sector remains a hot topic in the capital market, with several companies listed on the Beijing Stock Exchange involved in this industry, including Juneng Co., which focuses on intelligent manufacturing and has been actively engaging with institutional investors regarding its robotics initiatives [2][6] - Juneng Co. reported that nearly 80% of its revenue comes from the automotive sector, with approximately 23% of that from new energy vehicle-related business [7]

Group 1 - The company announced the postponement of the fundraising investment project deadline to December 31, 2025, while maintaining the project implementation subject, purpose, and total investment scale unchanged [1] - As of May 23, 2025, the cumulative investment in the smart manufacturing overall solution research and industrialization project reached 232 million yuan, with unused raised funds (including interest income) amounting to 281 million yuan [1]

Core Insights - The company reported a total revenue of 14.771 billion yuan for 2024, a year-on-year increase of 4.83%, and a net profit attributable to shareholders of 1.694 billion yuan, up 106.52% year-on-year [1] - In Q1 2025, the company achieved a revenue of 2.944 billion yuan, a year-on-year increase of 10.84%, but the net profit dropped by 83.47% to 163 million yuan [1] - The company has a vertical integration capability in smart manufacturing equipment, providing comprehensive solutions from basic components to complete equipment and process solutions [1] Revenue Breakdown - The information industry equipment business generated 5.486 billion yuan in revenue for 2024, a growth of 43.73% [1] - The consumer electronics equipment business remained stable with a revenue of 2.143 billion yuan [1] - General industrial laser processing equipment revenue reached 5.971 billion yuan in 2024, growing by 7.64%, with high-power laser cutting equipment contributing 2.963 billion yuan, a 26.67% increase [4] Market Trends and Innovations - AI technology is driving innovation in the consumer electronics sector, with the company responding to customized demands by offering products like laser welding machines and automated assembly equipment [2] - The company is expanding its overseas production, research, and sales teams to capture market opportunities arising from the diversification of the consumer electronics supply chain [2] - The lithium battery equipment sector is shifting focus from domestic to international markets, with the company collaborating with major clients to enhance competitiveness [3] Product Development and R&D - The semiconductor equipment business remains stable, with new product developments such as SiC crystal ingot laser debonding machines and laser de-bonding equipment receiving formal orders from major clients [3] - The company has successfully developed various new devices, including the fourth-generation semiconductor diamond laser debonding technology, filling a domestic technology gap [3] - The company launched the world's first 150KW ultra-high power cutting machine, enhancing its market presence in high-end applications [4] Future Outlook - The company is projected to achieve net profits of 1.699 billion yuan, 2.069 billion yuan, and 2.503 billion yuan from 2025 to 2027, with corresponding EPS of 1.61, 1.97, and 2.38 yuan [5] - The company is positioned as a leading provider of smart manufacturing equipment and solutions, with a strong vertical integration advantage [5]

Group 1 - The investment interest in Japan is rising, especially after notable investments like Zhu Xiaohu's in "Kagu E-commerce" [1][4] - Major institutions and investors are actively exploring opportunities in Japan, indicating a broader trend beyond individual investments [5][6] - The Japanese market is seen as a mature and complex environment, requiring careful consideration and understanding for successful investment [11][12] Group 2 - Four main sectors are attracting investment in Japan: consumer products, digital transformation services, smart manufacturing supply chains, and health and wellness [9][10][21] - Japanese consumer products have strong brand power and global pricing ability, making them attractive for partnerships with Chinese e-commerce [9] - The aging population in Japan creates significant opportunities in the health sector, particularly in cancer treatment and pharmaceutical development [10] Group 3 - The entry of foreign investors into Japan is subject to regulatory scrutiny, with state-owned enterprises facing longer approval processes compared to traditional dollar funds [12] - The current geopolitical landscape makes Japan a more appealing market compared to North America and Europe [13] - Successful examples of Chinese companies in Japan include Anker, which has effectively localized its offerings [14] Group 4 - Challenges for Chinese companies entering Japan include understanding local business practices, cultural differences, and the potential for registered business models to limit operational scope [30][32] - The Japanese market is characterized by a slower decision-making process, requiring patience and long-term commitment from foreign investors [33][34] - Mergers and acquisitions can provide a pathway for Chinese companies to navigate the complexities of the Japanese market [35] Group 5 - The Tokyo Stock Exchange is undergoing reforms that present new opportunities for foreign companies, particularly in acquiring undervalued firms [28] - The requirement for companies with market caps below 4 billion yen to submit management reform plans may lead to increased willingness for partnerships and acquisitions [28] Group 6 - Cultural barriers, including language and the need to "read the air," pose significant challenges for foreign companies in Japan [39][40] - The scarcity of talent familiar with both Chinese and Japanese cultures complicates the establishment of successful business operations [40][41] - Companies are advised to thoroughly prepare and understand the Japanese market before attempting to enter, as superficial motivations can lead to failure [41]

5月23日，苏州瀚川智能科技股份有限公司（以下简称"瀚川智能"）发布公告称，因宁德时代新能源科技股份有限公司（以下简称"宁德时代"）及其子公司 未履行换电站设备合同及订单的付款义务，已向法院提起诉讼，涉案金额约6087.99万元。 近年来，瀚川智能经营业绩不佳，过去两年连续亏损。瀚川智能2024年实现营收4.74亿元，同比下降64.61%；归属于母公司股东的净利润为-11.03亿元，同 比下降1204.76%；扣除非经常性损益后的净利润为-10.98亿元，同比下降775.94%。 | 主要会计数据 | 2024年 | 2023年 | 本期比上年 同期增减(%) | 2022年 | | --- | --- | --- | --- | --- | | 营业收入 | 473, 967, 699. 24 | 1, 339, 433, 032. 22 | -64.61 | 1. 142. 804. 160. 14 | | 扣除与主营业 务无关的业务 | | | | | | 收入和不具备 | 473, 717, 486. 75 | 1, 338, 300, 365. 48 | -64. 60 | 1, 138, 063, ...