1. Bitcoin miner producer Yibang applied for listing in Hong Kong;
After the collection of micro-messages, after Kennan Wuzhi, Bitcoin mining machine maker Ebang applied for listing on the Hong Kong Main Board. The sponsor was Haitong International, which had earlier reported that it raised US$1 billion (approximately HK$7.8 billion). ).
Billion State sells Bitcoin mining machines under the brand “Wing Bit”, which accounted for approximately 94.6% of the revenue of the previous year. It also engages in the production, production, sales of data communications and optical fiber transmission systems. Revenue from telecommunications equipment accounts for approximately 5.4%. Preliminary documents showed that its market share accounted for 11.0% of sales revenue last year. It ranks among the world's top three mining machine makers for bitcoin mining. Yibang Communication, a subsidiary of the company, was listed on the New Third Board and was announced earlier this year. Delisting due to plans to go public overseas.
As of the end of last year, billion state revenue reached 978 million yuan, up more than 7 times year-on-year; net profit also rose 29.36 times year-on-year to 377 million yuan. The fund-raising proceeds are expected to be used for the development of miner, 5G products, and New production facilities in Zhejiang and Inner Mongolia.
The prospectus quoted the iResearch data report that Yibang International sold 158,798 BPUs in 2017, with a market share of 11.0%, which was recorded as 10.9% based on the sales force (1,380,369TH/s).
The average selling price of BPU sold as of December 31, 2017 was RMB 649 per TH/s. Thanks to strong BPU sales, Yibang International’s revenue from blockchain business grew from 29.2 million yuan in 2015. Over 30 times to 2017 9.254 billion yuan.
The blockchain business accounted for 31.7%, 42.8%, and 94.6% of the total revenue for 2015-2017, respectively. The gross profit margin was 54.9%, 47.8% and 53.9%, respectively.
In the past three years, Yibang International's annual profit was 24.2 million yuan, 11.1 million yuan and 385 million yuan respectively. The decrease in profit in 2016 was mainly due to the increase in R&D expenditure, hiring more R&D personnel and increasing investment in the development of new types of areas. Block chain products.
Previously, peer company Canaan Inc. submitted a listing application in May this year. Bitmain, another industry leader, also reportedly intends to list in Hong Kong. It is expected that the three companies together accounted for more than 90% of the global virtual currency mining market. Share.
2. Guoguang Electric intends to subscribe 200 million yuan for the purchase of emerging industry investment funds;
According to the micro-network news, Guoguang Electronics Co., Ltd. released an announcement on the evening of June 24th to better seize the development opportunities of the intelligent interactive audio industry. The main business of collaborative audio continues to grow. The company plans to invest 200 million yuan to subscribe for the establishment of intellectual degree. Shenzhen Huixin Emerging Industry Investment Fund (Limited Partnership)
The total size of the fund is RMB 3 billion. It mainly invests in the Internet, emerging industries such as artificial intelligence, future industries, etc. The company's director Xiao Qing is the general manager of Zhidu Dexin.
3. China Electronics releases programmable logic controllers;
Xinhua News Agency, Beijing, June 24th (Reporter Hu Hao) China Electronic Information Industry Group Co., Ltd. (China Electronics) released its domestic programmable logic controller independently developed by the China Electronics Sixth Institute in Beijing on the 24th.
It is reported that Programmable Logic Controller (PLC) is the core component of industrial control system. It is widely used in power, transportation, municipal and other key industries. The programmable logic controller consists of controller hardware module, programming software and graphic configuration software. In the factory floor with intelligent manufacturing capabilities, the connection between perception equipment, manufacturing equipment, manufacturing units, and production lines is based on the 'intellectual brain' of the control layer.
One of the project leaders, Feng Dajun, deputy director of China Electronics Sixth Research Institute, introduced that the major domestic relevant market share was divided into three categories by European, American and Japanese brands. In December 2014, China Electronics launched N-type programmable logic. The development of controllers. Up to now, this series of products has obtained 35 related intellectual property rights, including 15 invention patents, from the CPU chip to the PLC operating system and other core components, components are all based on domestic technology independent research and development, the software to achieve full autonomy Developed and compatible with domestic systems.
China Electronics also released intelligent manufacturing promotion programs including industrial Internet platforms, smart manufacturing core products and security innovation platforms, and smart manufacturing capacity enhancement projects.
The 400 billion Beijing Kechuang Fund was established and will invest 100 sub-funds;
On June 24th in the investment community, today's Beijing Science and Technology Innovation Fund kick-off meeting was held in Beijing. After nearly a year of preparation, the RMB 30 billion science and technology innovation fund was formally announced and will invest no less than 100 domestic and international outstanding funds. Fund, more support for original technology innovation than model innovation.
According to reports, the Kechuang Parent Fund is worth 30 billion yuan, and the Beijing Municipal Government Investment Guidance Fund has invested 12 billion yuan. Zhongguancun (5.46 -0.55%, diagnostic stocks) Development Group shares limited to the company, Beijing Capital Science and Technology Development Group Co., Ltd., Beijing State-owned Capital Management Center, Beijing Yizhuang International Investment Development Co., Ltd. each invested RMB 1.95 billion, Beijing Science and Technology Innovation Investment Management Co., Ltd. invested RMB 200 million, and Bank of Beijing (6.05 +0.50%, diagnostic share) investment channel contributed RMB 5 billion. Huaxia Bank The (7.74 +0.52%, diagnostic stocks) investment channel contributed RMB 2 billion, and Beijing Rural Commercial Bank's investment channel contributed RMB 3 billion. It is planned to achieve a total fund size of RMB 100 billion through the enlargement of the parent fund and sub-funds.
Yang Li, general manager of Beijing Science and Technology Innovation Investment Management Co., Ltd. disclosed that: The duration of the sub-fund of Kechuang Fund's original innovation can be 15 years (investment period of 6 years, withdrawal period of 9 years). The single investment is generally not more than 500 million yuan. The proportion of shares in the sub-funds generally does not exceed 30%. For sub-funds in the original innovation stage, up to 30% but not more than 50%.
Concerned about original innovation, investment hard technology, total scale of 100 billion
It has already been 510 days since the research and establishment of the Science and Technology Innovation Fund was proposed. It has been 278 days since the issuance of the Science and Innovation Fund Establishment Program.
It is reported that the investment scope of Kechuang Fund is not limited to the administrative divisions of Beijing. The Kechuang Fund will focus on investment: Optoelectronics, a new generation of information technology, nanotechnology, strategic new materials, new energy, biomedicine, smart manufacturing, modern agriculture, Modern transportation industry, energy conservation and environmental protection, brain cognition and brain intelligence, quantum computing and quantum communication, big data, artificial intelligence and other 14 high-end 'hard technology' fields.
Kechuang Fund's investment is divided into three stages: original innovation, achievement transformation, and 'high-precision' industry. The investment rate of the parent fund is arranged according to 5:3:2 respectively, namely, original innovation, transformation of results, and investment in sophisticated industries. 50%, 30%, 20%. The Municipal Science and Technology Commission, Zhongguancun Administrative Committee and the Municipal Economic Information Commission are entrusted by the municipal government to direct the investment management of the three investment phases. The management of the parent fund will be mainly funded by the main investors. The formation of fund management companies to achieve professional management. Sub-funds will be employed in a market-oriented way to select professional team operations management.
In the original stage of innovation, the company focused on investing in high-end hard technology original innovations and front-end application research held by institutions of higher learning and talents to guide market-expecting and major scientific and technological achievements consistent with the strategic positioning of the capital.
In the outcome transformation stage, we will focus on guiding outstanding angel investment institutions and venture capital institutions at home and abroad to invest in cutting-edge technologies and major original scientific and technological achievements, and promote the transformation of Beijing’s strategic positioning to support innovation and entrepreneurship. Cultivate and rapid development of the enterprise.
In the “high-precision” industrial stage, the company will focus on cooperating with leading enterprises to guide social capital. It will focus on the overall layout of the nation’s science and technology innovation center and the deployment of “precision” economic structures, focusing on emerging areas, high-end links, and promoting high-precision industrial enterprises. Through technological transformation and restructuring, we will optimize and strengthen our business. We will encourage key industrial companies to access the capital market, accelerate the integration of technological innovation resources through mergers and acquisitions, and accelerate the construction of sophisticated economic structures.
Duration of 15 years, government interest transfer
The investment community has learned that in order to adapt to the characteristics of a long period of original innovation, the sub-fund of Kechuang Investment's original innovation can last for 15 years.
The capital contribution of the Beijing government played a more guiding role. In accordance with the principle of “risk sharing and benefit transfer”, a market-based incentive and restriction mechanism was established. For the investment original innovation stage project, the government funded part designed the benefit transfer policy. In principle, we will withdraw from 'principal + interest' to encourage social capital to participate in the early stage of original innovation investment and attract outstanding fund management teams.
In terms of categories and screening criteria, we mainly assess the team, management scale, investment experience, historical performance, successful projects, investment strategies, etc. Details are as follows:
Original Fund Categories (known universities/research institutes/incubators/accelerators):
Scientific research strengths: Colleges and universities, Institute of science and technology have a leading talent and research team in the world, have a certain R & D and experimental basis, and change the fund will rely on universities, research institutions specializing in the original innovation investment;
Promoter Background: A relatively well-known college, research institution, incubator/accelerator fund, or associated investment and financing platform as a fund sponsor or special limited partner;
Team: The core team has been acquainted with each other for more than 3 years. The combination of investment background and research background is a bonus item. The research experience is excellent. There is a strong degree of control or priority for original innovation technology, new processes, and new applications.
Experience: Average investment or research experience of core team >8 years;
Successful Projects: The core scientific research background team had successful experience in scientific research in the past. The core investment background team had successful industry investment experience in the past;
Investment strategy: With a clear investment field concentration and stage configuration, the investment strategy is mature and stable.
Angel Fund:
Team: Old and well-known funds have been established for more than 5 years or the core team has worked together for more than 5 years;
Management scale: Past management AUM> 500 million (including USD funds);
Investment experience: The core team has an average investment experience of >5 years;
Historical results: The overall investment return multiple of more than 4 years has exceeded 3 times, DPI+ has been listed and circulated >100%;
Successful projects: >5 (Cash return greater than 3 times or complete exit and IRR >50%);
Investment Strategy: With a clear investment field planning and stage configuration, the investment strategy is mature and stable;
Well-known and well-known comprehensive fund:
Team: The established and well-known fund has been established for over 8 years or the core team has worked together for over 8 years;
Management scale: AUM> 2 billion (including USD funds);
Investment experience: Average investment experience of core team >8 years;
Historical results: The overall investment return multiple of more than 4 years has exceeded 3 times, DPI+ has been listed and circulated >100%;
Successful projects> 5 (new arrivals more than 3 times completed or withdrawn and IRR >50%);
Investment strategy: There is a clear division of technology-related investment areas and concentration, investment strategy is mature and stable.
Fission mechanism:
Team: Core teamwork more than 3 years;
Investment experience: Average investment experience of core team >8 years;
Historical performance: The core team has at least 4 years of investment performance, the overall return on investment is 3 times, DPI+ is listed and circulating >100%;
Successful projects: Core team investment projects> 5 (new arrivals return more than 3 times completed or exited and IRR >50%);
Investment strategy: Have a clear investment strategy focused on investment in the field of science and technology, and have a good ability to develop projects in Beijing.
Investment in sophisticated industrial institutions:
Team: Past experience in fund management for more than 8 years, experience in well-known large fund over 3 years;
Management scale: Past management AUM > 2 billion yuan (including USD funds);
Investment experience: Average investment experience of core team >8 years;
Historical results: The total investment return over the past 4 years or more is >3x, DPI+ has been listed and circulated >100%
Successful projects: >5 (Cash return greater than 3 times or complete exit and IRR >50%);
Project Status: There is a resource allocation capability for Beijing's industry;
Financing: Have better fund allocation and financing capabilities.
The first batch of project funds of Kechuang Fund are: IDG Capital, Junlian Capital, Jiyuan Capital, Innovation Workshop, Lenovo Star, Huagai Capital, etc.
Yang Li also introduced the investment plan for the first year of Kechuang Fund: According to the first year of the investment period of Kechuang Fund (July 1, 2018 - June 30th, 2019), the investment scale will be 5 billion yuan. It is estimated that this year will invest. A total of 25-45 funds in three phases are calculated. According to the 4-5 times amplification effect of each fund, it will be expanded to a scale of 20-250 billion yuan in project investment.
Among them: Original innovation stage: The investment will be 2.5 billion yuan, and the investment fund will be 10-20, and the investment scale will be increased to 100-125 billion yuan. The stage of achievement conversion: The investment will be 1.5 billion yuan, and the investment fund will be 10-20, expanding. The scale of investment in the project will be 600-75 billion yuan. The industry will be highly sophisticated: It will invest 1 billion yuan in investment, and investment funds will be increased to about 4 to 5 billion yuan.
Investors: Model innovation should develop towards original innovation
'The original Chinese innovation gap between China and the United States is huge. How to attract global talent and education concepts, etc. need to be changed.' Mentioned by Deng Feng, Founder of Aurora Ventures, a Chinese-American innovation difference, 'There is a thick gap between domestic academic and industrial circles.' Thick walls, but now a lot of scientific innovation can not be achieved without the support of industry. Second, is the participation of social capital, many venture capital in Silicon Valley have participated in the original innovation, but there are gaps in the country, many funds are not enough. How Allowing more involvement of social capital is a problem that needs to be addressed.'
Beijing is the best city for technological innovation and development. There are more than 1,000 scientific research institutes in Beijing, 91 colleges and universities, the first in the country, and 493,000 science and technology enterprises, including nearly 20,000 high-tech companies; and 2017, Beijing. There are 70 unicorn enterprises in the region, accounting for 1/2 of the country, etc. Where resources are located are the advantages. For the original innovation, high-precision industries provide the driving force for the development of sources. However, technological innovation must be deeply integrated with capital supply. , effective match.
According to Chen Hao, CEO of Junlian Capital, “Junlian has been paying attention to hard technology, original technology such as big data, artificial intelligence, semiconductor technology, biological engineering, etc. China’s venture capital development has been in the past 20 years, but investment in hard technology is less. , probably only about 10%, a lot of money invested in model innovation and consumer services closer to the market.
Chen Hao analyzed that hard technology development needs three major supports: capital, talent/team, and industrial environment. In terms of capital, venture capital occupies a very important position. Currently, it has a very good foundation. There are tens of thousands of institutions in China. With regard to talents, the personnel development plan for more than 20 years of innovation and entrepreneurship, Kitasato, and the 1,000-person plan has formed a good talent pool and will require more complex talents in the future. The industrial environment is very important. Processing is difficult to develop. It is necessary to develop more independent brands.
'In the entire process of technology development, mergers and acquisitions are a good move and can supplement the short board. ' Referring to investment mergers and acquisitions in recent years, Zihui Group's director of the joint director Wang Huixuan reminded, 'In recent years, the integrated circuit industry's mergers and acquisitions have exceeded A hundred billion US dollars, but it must be clear that mergers and acquisitions are not the goal. It is necessary to have a clear chain and organically integrate and better promote independent innovation. During the M&A process, we must focus on our own technical shortcomings rather than What to make money to do. '
Investment community
5. In 2020, Yuzhong District will strive to achieve a smart industry scale of RMB 30 billion.
' Yuzhong District will lead with big data intelligence to promote high-quality development. By 2020, Yuzhong District will introduce and cultivate more than 100 intelligent industrial enterprises, and strive to achieve an intelligent industry scale of 30 billion yuan. 'On the 24th, Yuzhong District Committee Secretary Huang Yulin expressed at the Yuzhong District Information Development Conference.
On the 22nd, Yuzhong District issued the "Implementation Plan for the Innovation Driven Development Strategic Action Plan led by Big Data Intelligence" in Yuzhong District (hereinafter referred to as the "Project"). The "Programme" pointed out that innovation is the primary driving force for development. In the next two years, the Yuzhong District will significantly increase the competitiveness of the smart industry, use big data to intelligently apply the city’s leading position, and build an intelligent big data-driven innovation system, accelerate the improvement of the information infrastructure as its goal, and strive to promote digital industrialization. Digitalization of industries will promote the deep integration of big data intelligence with the real economy, strengthen the key tasks of big data intelligence technologies in commercial, political, and civil applications, and will create a special development area for digital service industry.
'Accelerating the development of big data intelligent industries, the key lies in enterprises. We must strengthen corporate cultivation' Huang Yulin stated. To enhance the competitiveness of enterprises, Yuzhong District will increase support for policies, implement the 'Zhongzhong Yingcai' program, and actively engage in The company will attract talents to attract talents and attract various types of high-tech talents. In addition, it will also strengthen strategic cooperation with leading companies such as APAC's Ark, Huawei and other industries, vigorously promote platform investment, and attract businesses.
In 2020, Yuzhong District will introduce and cultivate more than 100 intelligent industrial enterprises, and strive to form several industrial clusters in the areas of big data applications, blockchain, digital content, software services, industrial Internet, and integrated circuit design, etc. Reached 30 billion yuan, and exceeded 40 billion yuan in 2022.
In addition, the "Proposal" also proposes to build a batch of big data intelligent application platform with the core of the data center and application platform of the "Yongshangzhongzhong" data center, and to upgrade the modernization level of government governance, the 'cloud Shangzhongzhong' comprehensive database and management. The application system will provide powerful support for early warning, scientific decision making, efficient service, and effective management.
In the future, Yuzhong District will achieve a one-stop processing rate for government services by 90%, an intelligent traffic infrastructure coverage rate of 90%, and a key public area video network connection rate of 100%. Eight smart scenic spots, four smart hospitals, and seven smart schools will be built. (Tang Shixue)
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