A publicly listed company focused on industrial investment, whose recent investment actions are worth noting.

From the aerospace industry chain perspective, their 100% owned Dongling Vibration is a leading testing equipment company—home to the world's first 100-ton vibration table. In the first half of 2025, they achieved revenue of 225 million yuan, with signed contracts totaling 256 million yuan, mainly supporting major national aerospace projects, including crewed spacecraft, space stations, lunar exploration, and large aircraft—key national assets. This industry chain layout is quite comprehensive, covering everything from testing equipment to satellite power supplies, with a broad coverage.

The imagination in the medical field is also significant. They hold a stake in Jingyu Medical, which has developed an implantable deep brain stimulation system that has received global first approvals, especially their brain-machine interface product for addiction treatment, which has also been approved by NMPA and FDA. This dual breakthrough is rare in domestic medical devices.

In the new energy sector, their layout is equally solid—touching on distributed photovoltaics, energy storage, wastewater treatment, and more, including joint ventures to operate projects. In 2024, the park operation revenue reached 753 million yuan, a year-on-year increase of 27%, indicating that the integrated development of industry and city is amplifying its effects.

Although investments in chips and AI are relatively small in scale, they are very targeted. They have invested through funds in emerging sectors such as MEMS sensors (already integrated into supply chains of leading tech companies and international industrial groups), quadruped robots, and more. They also invested in a medical robot company, planning to go public in 2026-2027. Additionally, their layout in commercial space segments like satellite communication and SAR remote sensing exceeds 300 million yuan.

Overall, this investment portfolio revolves around high-growth industries such as aerospace, medical, new energy, and chips, including core assets with heavy control (Dongling Vibration) and light-asset expansion through fund investments. Industry-city operation provides a stable cash flow foundation.