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chain group is growing - patient capital research

2024-08-28

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editor’s note:patient capital is a strong support for accelerating the development of new quality productivity. as the most representative patient capital, government investment funds give full play to their guiding role, graft high-quality resources, strengthen 7 advanced manufacturing clusters and 28 key industrial chains, cultivate new development momentum, and create new competitive advantages. starting today, this newspaper will launch a series of reports on "chain clusters are growing - patient capital research tour" to show the vivid practice of our province's use of patient capital to support the development of key industries and better play the role of government investment funds.
poster/guo jiadong
hard power
henan daily client reporter zeng ming
in the production workshop of henan power diamond co., ltd. (hereinafter referred to as "power diamond"), a large six-sided top press is running in an orderly manner, which is very spectacular. these machines simulate the environment under volcanic eruption conditions, so that raw materials such as graphite are tempered under high temperature and pressure of about 1500 degrees celsius to become the hardest substance in the world - diamond.
"if you want to do your work well, you must first sharpen your tools. the six-sided top press is the core equipment for producing cultured diamonds and is also the key to our expansion of production capacity." said a relevant person in charge of power diamonds.
founded in 2010, power diamond is a high-tech enterprise specializing in the research and development, production and manufacturing of cultured diamonds and superhard materials. in 2019, power diamond, which was in a period of rapid growth, urgently needed financial support to implement its expansion plan. after learning about the situation, the provincial government investment fund management agency, henan state-controlled fund management co., ltd. (hereinafter referred to as "state-controlled fund"), went to power diamond for research and learned that the most urgent needs it faced were, on the one hand, to increase the number of six-sided top presses to expand production capacity, and on the other hand, to increase investment in scientific and technological research and development and overcome key technical problems to achieve sustainable development.
"power diamond's business scope covers the entire industry chain of superhard materials, with broad prospects and great potential. at the same time, the company adheres to advanced management concepts and has outstanding advantages in product quality, technological research and development, sales channels, etc., which is in line with our investment direction." said ding ning, chairman of guokong fund.
enterprises need funds, and funds need to find good projects. soon, the two sides "ran in both directions" to achieve cooperation. on june 21, 2019, the provincial government investment fund, henan province's "internet +" industry development fund, completed its equity investment in power diamond through its sub-fund henan state-controlled internet industry venture capital fund (hereinafter referred to as the "internet +" fund), with an investment amount of 20 million yuan.
the investment in power diamond is not a one-time investment. it is not only to help the company get started, but also to support it for a long time. the two sides will grow together and achieve win-win results through complementary resources. through investment empowerment, the "internet +" fund actively helps power diamond find financing partners, coordinate and communicate to promote listing, and promote the construction of power diamond's zhengzhou r&d center, etc., to solve a series of problems in its funding, talent, scientific research, etc. after power diamond's ipo, its main business income and profitability have achieved rapid growth.
"in recent years, power diamond has been able to run faster and farther because it seized the opportunity on the eve of the explosion of the cultured diamond market and made early arrangements, while continuing to deepen its presence in the field of superhard materials. this investment from the state-controlled fund has injected vitality into our long-term development." said a relevant person in charge of power diamond.
the investment in power diamonds has also brought relatively rich returns to the state-controlled fund, realizing the preservation and appreciation of the government investment fund. "the era of financial investment for the purpose of short-term ipo exit has passed. for enterprises, government investment funds are not only financial support, but also strategic partners." ding ning said that power diamonds will be empowered for a long time and will not be disturbed by short-term market fluctuations.
"the world looks to china for superhard materials, and china looks to henan for superhard materials. power diamond is a typical representative of our province's superhard materials industry. patient capital investment empowers power diamond, which will also accelerate the development of our province's superhard materials industry chain and make henan's superhard materials business card shine brighter and brighter." ding ning said that in addition to becoming patient capital itself, it is also necessary to guide and leverage more social capital to participate in the transformation of hard technology achievements and the growth and development of the industry chain.
the superhard materials industry is a superior industry and a potential industry in our province, ranking first among the 28 key industrial chains cultivated by henan province. "in order to help rebuild the advantages of the superhard materials industry, the provincial finance actively promotes the establishment of the henan superhard materials industry investment fund to attract more patient capital to build the hard power of superhard materials." a relevant person in charge of the provincial department of finance said. so far, the provincial government investment fund has invested a total of 846 million yuan in 22 advanced superhard materials industry chain projects, providing strong support for henan to build a national and world-class superhard materials industry highland. ②6
golden point commentary: investors say: good projects are the hard truth
ding ning, chairman of henan state-owned assets management co., ltd.
when it comes to fund investment philosophy, we have three principles: market-oriented investment, value investment, and compliance operation and management; one main line: good projects are the bottom line.
adhere to market-oriented investment. we have an efficient and professional investment management team, and the core personnel have been engaged in investment management for more than 15 years. adhere to "market-oriented operation" and "real equity" investment, support the development of technology-based and high-growth enterprises in our province, empower enterprises through investment, and improve the success rate of projects.
adhere to value investment. good projects are the hard truth. what is a valuable project? on the one hand, it depends on the industry it is in and whether it has broad prospects and social benefits. on the other hand, it depends on the entrepreneur's vision and wisdom, and their attitude towards technological innovation. we prefer companies with technological innovation concepts, and we will invest in those who do a good job in technological innovation.
adhere to compliance operation management. compliance operation is an important part of ensuring the stable operation of fund management companies and protecting the interests of investors. we ensure that all business activities of the company comply with laws, regulations and regulatory requirements by establishing and improving compliance management systems and systems and clarifying the goals and principles of compliance management.
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