Core Insights - The Chengdu health industry ecosystem saw 26 financing events in the first half of 2025, with significant changes in financing across different segments compared to 27 events in the first half of 2024 [1][3] - The number of financing events for innovative drugs halved, while high-end medical devices and high-end diagnostics showed an upward trend [1][6] Financing Events Overview - In 2025, there were 8 financing events in innovative drugs, 12 in high-end medical devices, and 6 in high-end diagnostics [1] - In 2024, the corresponding numbers were 19 for innovative drugs, 5 for high-end medical devices, and 3 for high-end diagnostics [1] - The only financing event exceeding 100 million RMB was for Kemi Biopharmaceuticals in a Pre-A round, led by Guotou Chuangye [3] Investment Trends - 80% of the financing companies are located in Chengdu High-tech Zone, which is a major hub for the 600 billion RMB medical and health industry cluster in Sichuan [3] - State-owned capital is becoming the largest contributor in the market, with significant participation from Guosheng Capital and Chuan Chuang Investment [5][6] Industry Characteristics - The cooling of financing for innovative drugs is attributed to long R&D cycles and lower success rates, leading to cautious attitudes from investors [6] - High-end medical devices are favored due to shorter R&D cycles and higher success rates, while high-end diagnostics are experiencing growth driven by strong market demand [6] Recommendations for Companies - Companies should establish a strong entrepreneurial philosophy and focus on high-quality innovation to attract investment [7] - Improving capital efficiency and execution quality post-financing is crucial for enhancing investment appeal [7]

Core Insights - In May, Tianhu Technology recorded 21 investment and financing events related to technology innovation and entrepreneurship in Chengdu, indicating a vibrant investment landscape in the region [1][3]. Group 1: Investment Events - Chengdu Hailong Aerospace Technology Co., Ltd. completed angel round financing, focusing on the development of star sensors and magnetic moment devices [2][10]. - Chengdu Zhongke Xingchen Information Technology Co., Ltd. secured equity financing, specializing in satellite mobile communication terminals [2][11]. - Chengdu Xinglu Aerospace Technology Co., Ltd. completed equity financing, engaged in satellite technology integration [2][12]. - Sichuan Jushen Humanoid Robot Technology Co., Ltd. raised tens of millions in angel round financing, focusing on humanoid robots [2][13]. - Chengdu Jiuzhang Zhifang Technology Co., Ltd. completed equity financing, providing technology promotion services [2][14]. - Chengdu Annu Intelligent Technology Co., Ltd. raised tens of millions in seed round financing, focusing on humanoid robot applications [2][15]. - Chengdu Chengfa Kenen Power Engineering Co., Ltd. completed A round financing, specializing in industrial power equipment [4]. - Chengdu Chuangyi Micro-Nano Technology Co., Ltd. completed angel round financing, focusing on specialized instrument manufacturing [6]. - Sichuan Blue Ocean Intelligent Equipment Manufacturing Co., Ltd. completed A round financing, specializing in intelligent equipment for underground engineering [7]. - Chengdu Jingzhan Electronic Technology Co., Ltd. completed A round financing, focusing on power semiconductor chip design [8]. - Sichuan Jinlong Microelectronics Technology Co., Ltd. completed A round financing, specializing in MEMS silicon oscillators [9]. - Chengdu Weikang Biotechnology Co., Ltd. completed equity financing, focusing on biotechnology research [17]. - Chengdu Kerry Medical Technology Co., Ltd. completed tens of millions in Pre-A round financing, focusing on intelligent blood collection robots [18]. - Sichuan Tiannuo Juneng New Energy Development Co., Ltd. completed equity financing, focusing on lithium-silicon anode materials [19]. - Chengdu Hangxin Aviation Equipment Technology Co., Ltd. completed equity financing, specializing in aviation parts manufacturing [21]. - Chengdu Xinghan Aerospace Technology Co., Ltd. completed equity financing, focusing on rocket control systems [22]. Group 2: Market Trends - The majority of financing events were in the seed and angel round stages, indicating a focus on early-stage investments [3]. - The digital economy and electronic information sectors were the hottest investment areas in Chengdu, with nearly 30% of projects related to the digital economy and about 25% related to electronic information [3].

Group 1 - In April, Tianhu Technology recorded 29 investment events related to technology innovation and entrepreneurship in Chengdu, sourced from public financing disclosures and business registration changes [3] - The majority of the investment events occurred in the High-tech Zone, with 19 events, followed by Tianfu New Area and Wuhou District [4] - The healthcare and digital economy sectors were the hottest investment areas, with nearly 31% of projects related to the digital economy and about 27% related to electronic information [5] Group 2 - Chengdu Fenyue Electronic Technology Co., Ltd. received investment from the first national pilot venture capital fund, with the amount undisclosed [6] - Chengdu Xunling Technology Co., Ltd. completed A-round financing, with the amount undisclosed, focusing on electromagnetic protection and special power products [7] - Chengdu Miji Technology Co., Ltd. completed a new round of equity financing, with the amount undisclosed, specializing in terahertz near-field technology [8] Group 3 - Chengdu Xingyuan Zhike Communication Technology Co., Ltd. completed seed round financing, with the amount undisclosed, focusing on wireless communication and security equipment [9] - Sichuan Heweisi Technology Co., Ltd. completed seed round financing, with the amount undisclosed, focusing on power supply products [10] - Chengdu Dongkai Semiconductor Materials Co., Ltd. completed A-round financing of 27 million RMB, focusing on high-end photoresist materials [11] Group 4 - Chengdu Leyun Interactive Network Technology Co., Ltd. completed a new round of financing, with the amount undisclosed, providing enterprise-level SaaS solutions [12] - Chengdu Ideal Realm Technology Co., Ltd. completed a new round of equity financing, with the amount undisclosed, focusing on humanoid robot technology [13] - Chengdu Sanyun Biotechnology Co., Ltd. completed tens of millions in angel round financing, focusing on innovative drug development [14] Group 5 - Chengdu Keren Biotechnology Co., Ltd. completed a new round of equity financing, with the amount undisclosed, focusing on vaccine development [15] - Chengdu Ruijian Yilian Pharmaceutical Technology Co., Ltd. completed B+ round financing of approximately 100 million RMB, focusing on Parkinson's disease treatment products [16] - Chengdu Sifang Drug Research Co., Ltd. completed equity financing, with the amount undisclosed, focusing on innovative drug development for resistant tumors [17] Group 6 - Chengdu Gen Directory Biotechnology Co., Ltd. completed tens of millions in equity financing, focusing on gene synthesis technology [18] - Chengdu Lijiu New Materials Technology Co., Ltd. completed seed round financing, with the amount undisclosed, focusing on new materials [20] - Sichuan Shanshang Catering Management Co., Ltd. completed A-round financing of 30 million RMB, focusing on Western fast food [21] Group 7 - Sichuan Aosi Technology Co., Ltd. completed nearly 200 million RMB in C-round financing, focusing on drone products [22] - Chengdu Zhongchan Aerospace Power Technology Co., Ltd. was established with a registered capital of approximately 1.2 billion RMB, focusing on technology services [23] - Jiebeitong Petroleum Technology Group Co., Ltd. received approval for listing on the New Third Board, focusing on oil and gas reservoir enhancement technology [24] Group 8 - Dongfang Electric Corporation completed a targeted issuance of shares, raising approximately 4.12 billion RMB [25] - Chengdu Chengfeng Fluid Technology Group Co., Ltd. plans to raise up to 129.38 million RMB through a private placement [26] - Zhixing Goodwill Industrial Co., Ltd. completed a targeted issuance of 30 million RMB, focusing on smart road materials [27] Group 9 - Fenzi Media plans to acquire Chengdu New Wave Media Group for 8.3 billion RMB [28] - Jinli Technology announced the acquisition of Chengdu Chelu Technology Co., Ltd. for 74.42 million RMB [29] - Yueda International Holdings plans to acquire Chengdu Nuoyide Medical Laboratory for approximately 30 million RMB [30] Group 10 - Jingfeng Mingyuan plans to acquire Sichuan Yichong Technology Co., Ltd. for 3.283 billion RMB [31] - Jiulian Technology signed an acquisition framework agreement with Chengdu Nengtong Technology Co., Ltd. [32] - As of March 31, 2024, there were 178 listed companies in Sichuan with a total market value of 2.699 trillion RMB [33]