Jinshi Technology Partners with Billion-Dollar Private Fund to Increase Investment in Venture Capital; Previously Achieved Remarkable Results

After achieving repeated success in venture capital business, Jinshi Technology (002951) plans to further develop this expertise. On the afternoon of March 15, Jinshi Technology disclosed that the company intends to initiate the establishment of Jiaxing Jieshuo Venture Capital Partnership (Limited Partnership) (hereinafter referred to as “Jiaxing Jieshuo”) as a limited partner.

Jiaxing Jieshuo’s committed capital is 100 million yuan. Among them, the general partner Shenzhen Qianhai Jiechuan Capital Management Co., Ltd. (hereinafter referred to as “Qianhai Jiechuan”) will contribute 1 million yuan, accounting for 1%; Jinshi Technology will contribute 40 million yuan, accounting for 40%; the remaining contributions will be made by Shandong Hangtou Industrial Development Investment Partnership (Limited Partnership), Wenzhou Jeyan Venture Capital Partnership (Limited Partnership), Jiangnan Yang, Zhou Xiaocheng, and others.

The announcement shows that Qianhai Jiechuan was established in 2014 with a registered capital of 10 million yuan.

According to its official website, Qianhai Jiechuan is an investment and incubation institution focusing on investments in mature projects with innovative gene characteristics in China’s strategic emerging industries. The company focuses on “tech innovation,” mainly around military electronics, information technology, intelligent manufacturing, and other niche fields. Relying on the deep industry resources of its founding team, extensive fund management experience, and excellent investment performance, it identifies and helps leading enterprises with unique innovation advantages in niche industries achieve phased success and list on the capital markets. Meanwhile, the company fully leverages its industry resources and professional advantages to strategically layout emerging industries aligned with the main industries of listed companies and local government development directions, actively promoting industry and capital integration, and supporting the development of listed companies and local government industries.

Currently, Qianhai Jiechuan manages over 10 billion yuan in equity funds. The company’s chairman, Zhou Xiaocheng, holds a bachelor’s degree in Mathematics and Applied Mathematics from Fudan University, a master’s degree in Accounting, and is qualified as a sponsor representative and certified public accountant. Zhou has over ten years of experience in investment banking and investment.

Jinshi Technology is a leading domestic provider of energy storage systems, safety solutions, and technical services, focusing on the research, development, production, sales, and technical support of energy storage systems and fire safety systems.

The listed company stated that this joint investment with professional investment institutions aims to leverage their expertise and resource advantages. It also intends to fully utilize the resources and strengths of all parties in the partnership to invest in companies with high technology and high growth potential in fields related to the company’s main business, creating resource synergy and complementary advantages. This will help deepen the company’s understanding of cutting-edge technological developments and industry trends, improve profitability and core competitiveness, enhance overall strategic layout, and create more value for the company and shareholders.

A review by Securities Times·e Company found that Jinshi Technology has long been involved in investments and has achieved good returns.

In 2019, Jinshi Technology announced an investment of 190 million yuan in Shenzhen Rongtai Zhonghe No. 6 Equity Investment Partnership (Limited Partnership) (hereinafter referred to as “Rongtai 6”). Through this transaction, Jinshi Technology indirectly invested in Haiguang Information. In August 2022, Haiguang Information was listed on the A-share market. Since November 2023, Jinshi Technology has received multiple dividends and distributions from Rongtai 6, with considerable profits.

In August 2020, Jinshi Technology announced an investment of 50 million yuan in Chengdu Tianyi Venture Capital Fund (hereinafter referred to as “Tianyi Venture”). Tianyi Venture subsequently invested 143 million yuan in Guoguang Electric. Guoguang Electric was listed on the STAR Market in August 2021. This investment also brought substantial returns to the company.

Last December, Jinshi Technology disclosed that it received a notice of profit distribution from Tianyi Venture. The company received principal and income from the exit of some equity investments totaling 50.07 million yuan, including 17.01 million yuan in principal and 33.66 million yuan in investment disposal gains.

In recent years, Jinshi Technology has continued to expand its venture capital industry, with investments in military industry, microelectronics, semiconductors, new materials, and other fields.