Core Viewpoint - *ST Rendo (002647) plans to make a cross-industry investment in AI chips, aiming to enhance its competitive edge and align with national strategies for autonomous computing power [4][5]. Investment Details - The company intends to invest 100 million yuan in Shenzhen Jiangyuan Technology Co., Ltd., acquiring a 4.1427% stake post-investment [4]. - Jiangyuan Technology, established in November 2022, focuses on domestic AI chip development and has achieved successful mass production of advanced chips [4]. - The pre-investment valuation of Jiangyuan Technology is 2.1 billion yuan, reflecting a valuation increase of 1714.86% [4]. Financial Performance of Jiangyuan Technology - Jiangyuan Technology reported a projected revenue of 12.31 million yuan and a net loss of 68.54 million yuan for the first half of 2025, indicating it has not yet achieved profitability [6]. - The pre-investment valuation for Jiangyuan's previous funding rounds was 1.5 billion yuan, with a post-investment valuation of 1.86 billion yuan in January 2025, showing a 12.90% increase [6]. Strategic Intent - The company aims to diversify its business beyond its core third-party payment services, seeking opportunities in industries aligned with national policy trends [5]. - The AI chip sector is viewed as a critical area for future growth, driven by increasing demand for computing power in AI applications [5]. Historical Context and Risks - The company has a history of signing approximately eight strategic cooperation agreements over the past decade, with seven of them not materializing [6][7]. - The investment in Jiangyuan Technology is characterized as high-risk due to the company's lack of experience in startup investments and the uncertainties surrounding Jiangyuan's future operations [6][7].

Group 1 - The "Bingchuanghui" 2025 Innovation Salon was held in the "China Digital Valley" building, focusing on the theme "Intelligent Gathering in Binjiang, Creating the Future" [1] - The event released three major "TOP5" lists: artificial intelligence innovation projects (companies), innovative achievements, and innovative talents [1] - Hangzhou Beifeng Technology Co., Ltd. was recognized in the "TOP5" list for artificial intelligence innovation projects, highlighting its rapid growth and innovation in micro high-performance fans and motors [1] Group 2 - The high-tech zone (Binjiang) aims to create an open and collaborative innovation ecosystem by focusing on technological breakthroughs, talent contributions, and corporate innovation [2] - The salon serves as a platform for showcasing innovative achievements, excellent talents, and quality projects, facilitating interaction and exchange of cutting-edge ideas [2] - The second batch of companies, including Zhongzheng Shufu (Hangzhou) Data Co., Ltd. and Jiliang Digital Technology (Hangzhou) Co., Ltd., signed agreements to settle in the "China Digital Valley" building, enhancing the industrial chain advantages in computing power, data, and application scenarios [2]