南方财经记者冯玉怡珠海报道 7月31日，珠海格力集团有限公司发布关于资产划转的进展公告，宣布将旗下横琴金投、格力金融投资等20余项核心资产注入新组建的珠海科技产业集团， 资产划转规模约200亿元。此举标志着珠海市2025年国企专业化整合取得实质性突破，一个总资产规模达500亿元的科技产业投资平台逐渐浮出水面。 珠海科技产业集团于今年5月28日成立，注册资本规模达500亿元人民币。华发集团和格力集团对珠海科技集团的持股比例分别为60%和40%，华发集团为控 股股东。新平台将重点整合两大集团的核心科技资产，通过股权架构重置与资本业务整合，构建支撑珠海战略性新兴产业发展的专业投资运营主体，致力于 建设具有全国影响力的产业资本平台。 根据公告披露，本次重组直接源于珠海市国资委两份关键文件。格力集团划转的资产清单显示，划转内容主要为旗下的科技产业投资平台资产。 例如，金融投资方面，划转珠海格力金融投资管理有限公司100%股权、广东横琴金投私募基金管理有限公司100%股权等6家金融牌照企业；产业基金方 面，划转珠海发展投资基金20%LP份额、珠海格金广发信德智能制造基金43.8%LP份额等10只重点产业基金；科技实体企业 ...

Core Viewpoint - Beijing Yitang Semiconductor Technology Co., Ltd. plans to use raised funds amounting to CNY 2,097,556,497.48 to replace self-raised funds previously invested in fundraising projects and paid issuance expenses, in compliance with relevant regulations and within six months of the funds being received [1][5][7] Summary of Fundraising Situation - The company raised a total of CNY 2,342,867,334.94 through its initial public offering (IPO) of 295,560,000 shares at a price of CNY 8.45 per share, as confirmed by KPMG Huazhen [1][2] - The raised funds are managed in a dedicated account, with a tripartite supervision agreement signed with the sponsor and the bank [1] Summary of Investment Projects - The net amount raised is lower than the initially disclosed amount in the prospectus, leading to adjustments in the investment amounts for the fundraising projects [2] - The adjusted investment amounts for the projects are as follows: - Yitang Semiconductor Integrated Circuit Equipment R&D Manufacturing Service Center: CNY 250,000,000 - Yitang Semiconductor High-end Integrated Circuit Equipment R&D Project: CNY 234,286,730 - Total adjusted investment: CNY 234,286,730 [2] Summary of Self-raised Funds and Replacement Arrangement - The actual investment amount from self-raised funds prior to the IPO was CNY 2,042,867,334.94, which the company plans to replace with the raised funds [4][6] - The total amount for replacing self-raised funds and issuance expenses is CNY 2,097,556,497.48, which includes CNY 54,689,162.54 for issuance expenses [4][5] Review Procedures - The board and supervisory committee approved the proposal to use raised funds for replacement on July 25, 2025, confirming compliance with regulatory requirements [4][6][7] - The supervisory committee and KPMG Huazhen provided opinions supporting the replacement, affirming that it does not affect the normal progress of fundraising projects or harm shareholder interests [6][7]

Core Insights - The new policy in Lingang New Area expands the scope of financial leasing project companies to include four key sectors: new energy, power batteries, intelligent manufacturing, and industrial mother machines, providing targeted financial support for cutting-edge industries [1][2] - Financial leasing services allow companies to acquire the use of large equipment or assets without immediate full payment, easing cash flow and balance sheet pressures [1] - The expansion of leasing objects to include integrated circuit equipment and computing power center equipment aims to support sustainable development in the industry [2] Summary by Sections Financial Leasing Policy - The new policy allows financial leasing companies to establish Special Purpose Vehicles (SPVs) in Lingang, broadening the leasing object range beyond traditional assets to include advanced manufacturing equipment [1][2] - Since the pilot program began, over 160 financial leasing companies have participated, with more than 50% establishing SPVs in the area, and six companies have completed pilot projects with total assets nearing 4 billion yuan [2] Cross-Border Leasing Opportunities - The policy is expected to significantly increase the scale of cross-border leasing business, particularly in computing power and new energy equipment, leading to heightened demand for cross-border guarantees and asset valuation [3] - Future plans include attracting more legal, evaluation, and tax service institutions to provide specialized services through a one-stop financial leasing service platform [3]

2025 年 5 月 22 日 招银国际环球市场 | 市场策略 | 招财日报 每日投资策略 公司点评 全球市场观察 公司点评 港股分类指数上日表现 | | 收市价 | | 升/跌（%） | | --- | --- | --- | --- | | | | 单日 | 年内 | | 恒生金融 | 40,872 | 0.24 | 37.05 | | 恒生工商业 | 13,639 | 0.85 | 47.71 | | 恒生地产 | 16,558 | 0.53 | -9.65 | | 恒生公用事业 | 37,033 | 0.11 | 12.65 | | 资料来源：彭博 | | | | 北方华创（002371 CH，买入，目标价：512 元人民币）- 扩展产品组合，巩 固国产半导体设备龙头地位 公司2024年新增订单同比增长约25%，主要受集成电路设备订单强劲拉动， 且这一势头在 1Q25 持续。公司预计地缘政治局势不会给公司带来实质性影 响，全年新增订单有望延续此前增长态势。公司正通过内部研发及外部并购， 积极拓展产品覆盖面。其主要集成电路设备产品包括刻蚀、沉积、热处理、 清洗设备，并于 2025 年 3 月起新增离子注 ...