Core Viewpoint - Huaru Technology announced a joint investment with Hangzhou Keshih Equity Investment Co., Ltd. and Shenzhen Chancheng Innovation Development Research Co., Ltd. to establish Nanjing Keshih Venture Capital Partnership, focusing on new digital technologies [2] Company Overview - Huaru Technology was established on November 23, 2011, with a registered capital of 155.865 million RMB, primarily engaged in military simulation [2] - The company aims to create a self-owned brand in military simulation, providing high-quality professional simulation products and technical development services in various fields [2] Investment Details - The company will contribute 20 million RMB as a limited partner, accounting for 39.60% of the total committed capital [2] - The fund will focus on virtual reality, spatial computing, artificial intelligence, and real-time rendering, with an 8-year duration, including a 5-year investment period and a 3-year exit period [2] Financial Performance - The company's revenue for 2022, 2023, 2024, and the first three quarters of 2025 were 833 million RMB, 362 million RMB, 249 million RMB, and 157 million RMB, with year-on-year growth rates of 21.39%, -56.55%, -31.12%, and 2.55% respectively [3] - The net profit attributable to the parent company for the same periods were 134 million RMB, -222 million RMB, -354 million RMB, and -139 million RMB, with year-on-year growth rates of 13.24%, -265.76%, -59.86%, and 47.95% respectively [3] - The company's asset-liability ratios for the same periods were 8.36%, 9.23%, 15.36%, and 16.10% [3] Company Structure - The company has nine subsidiaries, including Beijing Xiaoru Cultural Technology Co., Ltd. and Jiangsu Huaru Defense Technology Co., Ltd. [3] - The current chairman is Han Chao, and the company employs 564 people [2]