停牌期 证券代码：600462 证券简称：*ST 九有 公告编号：临 2025-042 湖北九有投资股份有限公司 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、准确性和完整性承担法律责任。 证券代码 证券简称 停复牌类型 停牌起始日 停牌终止日 复牌 日 间 ? 退市整理期交易起始日为 2025 年 6 月 24 日；预计最后交易日期为 2025 年7 月14 日。 ? 退市整理期A股简称为退市九有。 ? 退市整理期届满后5 个交易日内，上海证券交易所将对公司股票予以摘牌， 公 司股票终止上市。 ? 公司股票将在退市整理期交易 15 个交易日，截至本公告日已交易 0个交易 日，剩余 15个交易日，交易期满将被终止上市。敬请投资者审慎投资、注意风险。 ? 公司股票在退市整理期交易期间，公司将不筹划或实施重大资产重组事项。 ? 特别提示：公司提请广大投资者或托管券商等市场主体在股票终止上市暨 摘牌前及时了结股票质押式回购、约定购回、融资融券、转融通、沪股通等业务。 ? 对于自股票终止上市暨摘牌后至进入退市板块办理股份登记、挂牌期间到 期的司法冻结业务，建议有 ...

每日｜荐读 榜单： 「2025投资机构软实力排行榜」评选启动 峰会： 「2025母基金年度论坛」盛大启幕：汇聚中国力量！ 热文： 一纸新规，炸出一级市场的管理费焦虑 热文： 今年，上市公司热衷做并购基金 来源： 国家中小企业发展基金有限公司 深创投中小企业发展基金（苏州）合伙企业（有限合伙） ，注册地：江苏省苏州市，管理机构为 上海红土创新私募基金管理有限公司，基金总规模20亿元，主要投向新一代信息技术、高端装备 制造、生物技术及健康产业、新材料、新能源与节能环保等硬科技领域的中小企业。 对接需求请扫码 上海中科创星先导创业投资合伙企业（有限合伙） ，注册地：上海市，管理机构为北京中科创星 创业投资管理合伙企业（有限合伙），基金规模26.17亿元，主要投向先进制造、信息技术、新能 源新材料等硬科技领域和未来产业的中小企业。 近日，国家中小企业发展基金有限公司宣布完成第七批子基金设立任务，分别与 中科创星、东方 嘉富、蓝驰创投 三家投资机构签约，加上今年4月与深创投签约设立的子基金，至此，国家中小企 业发展基金第七批子基金全部完成签约设立。 东方嘉富（鄂尔多斯）中小企业创业投资合伙企业（有限合伙） ，注册地：内 ...

当日，复旦大学管理学院教授包季鸣、上海市民营企业研究会副会长华民等专家学者围绕AI时代的创 新创业、世界经济体系演化、前沿医学技术成果转化等作主题演讲，与会嘉宾围绕主题演讲展开深入交 流。 据统计，2024年，弥勒市地区生产总值完成558.53亿元，同比增长4.8%。2025年一季度，地区生产总值 完成137.67亿元，同比增长4.8%。 中新网红河6月15日电 14日，来自中国各地的近百名专家学者、知名企业家齐聚云南省红河哈尼族彝族 自治州弥勒市，开展头脑风暴，探讨科技发展和企业家精神如何引领商业发展，助推产业升级，寻觅投 资商机。 弥勒市人民政府副市长李静茹向与会嘉宾介绍，该市区位优越，资源富集，是大滇西旅游环线、昆(明) 玉(溪)红(河)旅游文化带的重要节点。目前，弥勒正着力打造"有一种叫云南的生活——在弥勒样样 好"的旅居品牌，期待大家通过本次活动，走进弥勒、爱上弥勒、投资弥勒。 当日，弥勒市招商促进局、云南弥勒产业园区管委会向参会嘉宾推介康养、果蔬及花卉精深加工、生物 医药等20余个招商项目。 湖南德思勤投资有限公司董事长兼总裁龙固新多年前到弥勒参与过项目合作。他建议弥勒可以结合自身 的自然环境、人 ...

Group 1 - The strategic cooperation agreement was signed between Zhongshan Torch Public Asset Management Group Co., Ltd. and Shanghai Dinghui Baifu Investment Management Co., Ltd. to enhance listed companies, attract investment, and upgrade industries [1] - Zhongshan Torch Public Asset Management Group has an asset scale exceeding 60 billion and is one of the most competitive state-owned enterprises in the city, with unique advantages in industrial park development, asset management, and capital operations [1] - Dinghui Baifu is a leading professional investment institution focused on technology investment, with investments in hard technology and advanced manufacturing, aligning well with the high-tech positioning of Torch High-tech Zone [1] Group 2 - Zhongshan Torch High-tech Zone has successfully nurtured 10 A-share listed companies and a total of 15 listed companies both domestically and internationally, laying a solid foundation for continuous innovation and development in the region [2] - The cooperation aims to leverage complementary advantages, resource synergy, open cooperation, and mutual benefit to cultivate more competitive and influential listed companies in the Torch High-tech Zone [2] - A joint initiative will be launched to establish an industrial investment fund to accurately introduce high-value projects that align with regional industrial orientation, creating a comprehensive ecosystem for project attraction, landing, and growth [2] - The collaboration will also focus on enhancing the three leading industrial clusters of health medicine, intelligent equipment, and optoelectronic information in the Torch High-tech Zone, aiming to build globally competitive industrial clusters and inject sustainable growth momentum into the regional economy [2]

2 0 2 5已然接近过半，下行周期中，许多GP的人员正在经历一场" 大换血 "。 "今年， 我们裁掉了一半的年轻投资人、三分之一的传统商科背景投资人，新招了产业背景或 者是硬科技企业背景出身的员工 。原因无他，控制成本，效用最大化：现在已经没有更多精力 和成本去培养和等待年轻投资人成长了，谨慎放缓出手的大环境下本身成长速度就相对慢，这 是节流；至于把传统商科背景投资人换成产业背景的，则是出于业务上的考虑，一方面能找一 些看得懂硬科技的，另一方面，也是因为招引项目、关注并购机会等都需要产业资源和经验， 这是开源。 "华东地区某投资机构合伙人告诉母基金研究中心。 多位投资人告诉母基金研究中心，其所在机构均有类似的计划 。 9 5后投资人小李表示："对年 轻投资人来说，现在这个时期可能是'地狱模式'，我们刚入行就赶上寒冬，出不了手也没积累 起来实战经验和业绩，资源也不丰富，我司有几位和我同龄的员工已经被裁了。我现在也只能 做一些执行的工作，还没被裁掉是因为工资成本低，而且机构还是需要留下几个干基层工作的 人的。在裁员时公司优先保留的还是比较有核心资源的员工。" 除了员工背景的转变， GP内部的部门人员设置也在改变 ...

Core Insights - The article contrasts the investment philosophies and backgrounds of two legendary investors, Warren Buffett and George Soros, highlighting their differing approaches to investing and market dynamics [1][2][3]. Group 1: Background and Early Influences - Warren Buffett grew up in a middle-class family in Omaha, Nebraska, with a father who was a stockbroker, which instilled in him a strong financial awareness and a disciplined approach to investing [4][5]. - In contrast, George Soros had a tumultuous childhood in Hungary, where he faced the threat of Nazi persecution, shaping his risk-averse yet opportunistic investment style [6][7][8]. - Soros's experiences during World War II, including his family's survival tactics, influenced his belief in preparing for future risks and adapting to changing circumstances [9][10]. Group 2: Education and Early Career - Soros arrived in London with little money, working while studying at the London School of Economics, where he was influenced by philosopher Karl Popper, shaping his critical thinking and investment strategies [14][15][16]. - Buffett, on the other hand, had a smoother educational path, studying business management at the University of Pennsylvania and later at Columbia University under Benjamin Graham, which solidified his value investing approach [17][18]. Group 3: Investment Strategies and Philosophies - Soros found success in global arbitrage, leveraging his knowledge of European markets and relationships, particularly during the Suez Crisis, which allowed him to capitalize on market inefficiencies [19][20][21]. - Buffett's investment strategy focused on value investing, acquiring undervalued companies and waiting for their true value to be recognized, achieving an annualized return of 29% over 13 years [23][31]. - The article notes that Soros's approach is characterized by a focus on macroeconomic trends and market psychology, while Buffett emphasizes long-term value and the intrinsic worth of companies [35][36]. Group 4: Major Achievements and Turning Points - In the 1970s, Soros's Quantum Fund achieved remarkable returns, capitalizing on market volatility and employing leverage to maximize profits, particularly in currency markets [30][31]. - Buffett's investment in Berkshire Hathaway marked a significant shift in his strategy, focusing on acquiring great companies at reasonable prices, which led to substantial long-term gains [31][32]. - Both investors faced challenges in the 2000s, with Buffett's conservative approach to the internet boom and Soros's struggles in adapting to new market conditions, leading to a decline in their performance [33][34]. Group 5: Philosophical Differences - The article concludes that Buffett's investment philosophy is rooted in a belief in the inherent value of companies and a long-term perspective, while Soros's approach is more dynamic, focusing on the unpredictability of markets and the importance of quick decision-making [35][36][37].

在创新创业浪潮汹涌的今天，创业维艰、九死一生，成为产业、基金、政府，乃至全社会的共识。但各种流派的管理理论、咨询方法论，对创始人如何做好创业企 业，似乎都未有相对系统的、本质的梳理和总结。今天，砥砺会以八年多的实践为基础，尝试总结其中的规律，体系化提炼做好创业企业方法论。 协立是专注早期的投资机构，砥砺会是协立独创的投后组织。 众所周知，认知突破的契机不可捉摸、无法计划，创始人又迫切需要。本文详细论述砥砺会构建认知突破场景的过程。 2、顾不上。 对于创始人来说，创业一开始就走上了问题不断、困难重重的企业发展之路，几乎每天都要面对当下、短期的问题，认知突破属于重要且紧 急，但看起来不那么急迫的问题，其重要性往往并不在短期显现。因此很多创始人需要静下心来，才能深入思考，优先突破真正关键问题。 3、想不清。 前文我们清晰提出创始人认知是全科学霸，要求极为严苛，即便创始人看到问题所在，主动思考，往往陷入"想不清、剪不断、理还乱"的境 地。人不能抓着自己头发脱离地面，依靠创始人自己琢磨，或者公司内部研讨、借助各种管理知识、外部咨询，很难达到预期的效果。 4、打不开。 突破认知需要面对自己的弱点，甚至人性的阴暗面；创始人 ...

Group 1 - The company, Luxin Venture Capital Group Co., Ltd., is convening its first extraordinary general meeting of shareholders for 2025 on June 30, 2025 [1][3] - The meeting will utilize the Shanghai Stock Exchange's online voting system, with voting available from 9:15 AM to 3:00 PM on the day of the meeting [1][3] - The meeting will be held at 2:30 PM at the conference room located at 2788 A Tower, Aoti West Road, Jinan, Shandong Province [3][5] Group 2 - The agenda includes non-cumulative voting proposals and related party transactions, which have been approved by the company's board of directors [2][3] - Shareholders must register to attend the meeting, with registration available from June 24, 2025, and can be done in person or via electronic means [5][6] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts for the meeting [4][8] Group 3 - The company has specified that shareholders must complete identity verification to vote via the internet platform [2][4] - The voting process allows shareholders to express their opinions on all proposals before submission [4][8] - The company has provided detailed instructions for proxy voting and the necessary documentation required for attendance [5][6]

Group 1 - The second "Belt and Road" Technology Exchange Conference highlighted Chengdu as a key platform for deepening China-South Korea cooperation in technology and industry [1] - Korean investment firm KIP plans to establish a new fund of approximately 1 billion RMB, focusing on consumer technology, robotics, low-altitude economy, new materials, and new energy [6] - Chengdu's electronic information industry is robust, with significant collaboration potential in sectors like display technology, particularly in light-sensitive materials and testing equipment [3][6] Group 2 - The rapid development of Chengdu's high-tech sector has impressed Korean business leaders, showcasing significant advancements in artificial intelligence and other technologies [8] - Cultural and creative industries in Chengdu are seen as a promising investment area, with potential for collaboration between Chinese and Korean enterprises [8] - KIP's investment strategy includes supporting overseas companies to establish operations in Chengdu, fostering resource integration and project collaboration [6]

Core Viewpoint - Temasek, Singapore's sovereign wealth fund, has seen its investment scale in startups shrink by nearly 90% compared to three years ago, prompting a strategic reassessment due to significant losses from high-profile failures like FTX and eFishery [1][2][11]. Investment Scale and Strategy Adjustment - Temasek's investment scale dropped from $4.4 billion in 2021 to $509 million last year, with only $7 million invested in the first five months of this year [11]. - The number of first-round investment projects decreased from 82 in 2021 to 11 last year, indicating a cautious approach towards early-stage investments [11]. - The average due diligence period for startups has been extended to 10 months, reflecting a more rigorous investment process [10]. High-Profile Failures - Temasek was significantly impacted by the collapse of FTX, where it invested $275 million, resulting in a total loss after the company's bankruptcy [6]. - Another notable failure was eFishery, which faced bankruptcy due to fraud allegations, leading to severe financial losses for Temasek [7]. Internal Reflection and Accountability - Following the investment failures, Temasek initiated internal reviews and held senior management accountable by reducing their compensation [10]. - The organization is shifting its strategy to focus more on indirect investments through venture capital funds and prioritizing investments in companies closer to going public [10]. Broader Implications for State-Owned Investment Institutions - Temasek's situation serves as a cautionary tale for domestic state-owned investment institutions, which have increasingly dominated the investment landscape, particularly in technology sectors [13][14]. - The trend of state-owned entities leading investments raises concerns about risk aversion and the balance between government strategic goals and investment returns [14][15].