Core Viewpoint - The company, Visionox (002387.SZ), has signed a partnership agreement to establish a fund focused on new materials, particularly in the new display materials sector, with a total committed capital of 1 billion yuan, of which the company contributes 190 million yuan, representing 19% of the total commitment [1] Investment Details - The partnership agreement was signed on October 10, 2025, for the establishment of Anhui Jusheng Materials Equity Investment Partnership (Limited Partnership) [1] - The total committed capital for the partnership is 1 billion yuan, with the company as a limited partner contributing 190 million yuan [1] - The investment direction of the partnership will focus on the new materials sector, with a specific emphasis on new display materials [1] - At least 70% of the total committed capital must be invested in the upstream and downstream of the new materials industry [1]

Core Insights - The Tianjin government has approved the inclusion of a section of the Baodi District Zhongguancun Science and Technology City into the Tianjin Kaiyuan High Education and Innovation Park's "one core, two wings, multiple points" spatial development layout, expanding the "multiple points" to six [1][2] Group 1 - The newly included area covers 3.22 square kilometers, bordered by Zong San Road and Kaiyuan Road to the east, Chaoxia Road to the west, Heng San Road to the south, and the southern boundary of the Beijing-Harbin Expressway green belt to the north [1] - The Baodi District Zhongguancun Science and Technology City is the only major asset held by Zhongguancun Development Group outside of Beijing, serving as an important platform for implementing the Beijing-Tianjin-Hebei coordinated development strategy [1][2] Group 2 - The area has favorable conditions for spatial capacity, initial industrial development, accelerated gathering of innovation resources, and smooth channels for achievement transformation [2] - The Tianjin Kaiyuan Park Management Committee will guide local governments to leverage the close connection with Zhongguancun, enhance the brand strength of Tianjin Kaiyuan Park, and actively introduce Zhongguancun's innovation resources [2] - Key industries to be developed include biomedicine and medical devices, new materials, and the integration of industrial chains, innovation chains, supply chains, capital chains, and talent chains [2]