The Successful Genes of Zhongji Semiconductor Industry Investment | Following the general trend of macroeconomic development, based on in-depth research, and committed to professional investment in the industry

China Zhongji Investment was established in August 2016. Supported by the CPC Hebei Provincial Committee and the Provincial Government, and guided by the Hebei Provincial Federation of Industry and Commerce, it is a comprehensive investment platform jointly invested and established by well-known private enterprises in Hebei Province and managed and operated by experienced investors and industry experts.

At the end of 2017, considering the domestic and international development situation, the global industrial development cycle, and the advantages of the company's management team, China Zhongji Investment established a strategic development approach focused on in-depth research and dedicated to investment in three "long-slope, thick-snow" industries: high-end manufacturing (primarily semiconductors, aerospace, and automobiles), and the big health industry. After 3-4 years of investment layout, the company's primary equity investments have gradually entered the harvest period. The semiconductor field is particularly prominent. The company has successively invested in high-quality semiconductor projects such as Haiguang Information, Suiyuan Technology, Yiswei, Leuven Instruments, Xinyihuazhuangbei, Ningbo Xinlu, and Luxin Semiconductor. In the primary half-market, it has participated in the targeted share increases of listed companies such as Zhongwei Company, Yangjie Technology, Majie Technology, Tongfu Microelectronics, Huatian Technology, Jingfang Technology, Zhonghuan Share, Lian'ang Micro, and Shanghai Xinyang. Investments cover the entire upstream and downstream industrial chain of chip design, semiconductor equipment, materials, and chip packaging. Among them, Haiguang Information has submitted an IPO application to the STAR Market, and Suiyuan Technology and Leuven Instruments have achieved several times the increase in valuation in subsequent financing rounds. China Zhongji Investment's remarkable investment achievements in the semiconductor investment field in a short period of time stem from its accurate macroeconomic judgment and in-depth industry research.

For primary market project investments, China Zhongji Investment does not pursue quantity but seeks a high hit rate, focusing on and heavily investing in high-quality projects. Based on the background of the transfer of the semiconductor industry to China, Zhongji determined that the Chinese semiconductor industry is experiencing a development opportunity and established an industry research team to conduct in-depth research on the semiconductor and other industries. China Zhongji Investment judged that global semiconductor production capacity construction is shifting to mainland China. After completion and commissioning, it will inevitably lead to an increase in the demand for semiconductor equipment and materials. Coupled with the continuous maturity of domestic semiconductor equipment and material companies and the demand for domestic substitution, domestic semiconductor equipment and material manufacturers will usher in significant development opportunities. China Zhongji Investment completed investments in semiconductor materials, equipment, and design companies such as Yiswei, Leuven Instruments, Xinyihuazhuangbei, Suiyuan Technology, and Ningbo Xinlu before well-known funds. In addition to semiconductor equipment and materials, China Zhongji Investment is optimistic about and supports the challenges of Chinese semiconductor companies to high-tech products. In 2021, it invested in Haiguang Information, a domestic CPU manufacturer whose products represent the highest technological level in the integrated circuit design field. Utilizing professional and resource advantages, in addition to government-guided funds, China Zhongji Investment also establishes project-based funds for projects. Projects such as Haiguang Information and Yiswei are invested through project-based funds. The investment team is constantly expanding the company's financing channels while discovering high-quality projects.

At the beginning of 2020, based on in-depth industry investment research and accurate prediction of the macroeconomic situation, China Zhongji Investment successfully expanded its semiconductor investment field from the primary market to the primary half-market. China Zhongji Investment judged that as the mainland semiconductor industry enters a golden period of development, a group of leading semiconductor companies will enter a new growth stage. Against the backdrop of innovation cycles, domestic substitution, and the return of industry talents, the semiconductor sector has a triple superimposed driving force from product iteration, product category expansion, and customer breakthroughs. Therefore, China will produce a batch of semiconductor companies with strong profitability. At the same time, due to the global pandemic of the new coronavirus, the global economy will suffer unprecedented blows, and global central banks will continue to implement loose monetary policies for some time in the future. Coupled with the impact of the trade war, it will lead to prosperity in the semiconductor sector. Based on these judgments, China Zhongji Investment seized the opportunity and successively invested in high-quality semiconductor listed companies such as Zhongwei Company, Yangjie Technology, Majie Technology, Tongfu Microelectronics, Huatian Technology, Jingfang Technology, Zhonghuan Share, Lian'ang Micro, and Shanghai Xinyang in the primary half-market, with the annualized return on multiple exit projects exceeding 100%.