On March 25, Chengdu Hongming Electronics Co., Ltd. ("Hongming Electronics"), invested by Jucheng Qiushi Equity Investment Partnership (Limited Partnership), a cooperative sub-fund of Nanjing Innovation Investment Group, was officially listed on the ChiNext board of the Shenzhen Stock Exchange with the stock code 301682.SZ.

The company raised a total of approximately RMB 2.117 billion through public offering of new shares (net proceeds of about RMB 2.038 billion). The funds will be mainly allocated to seven major projects, including the industrialization of high-energy storage pulse capacitors, the production of new electronic components and integrated circuits, and the capacity upgrading of precision parts and components.

Founded in 1958, Hongming Electronics was formerly the State No. 715 Factory and Chengdu Hongming Electronics Industrial Corporation, one of the 156 key national construction projects during China’s First Five-Year Plan. With a development history of 68 years, the company has adhered to its national strategic mission, focused deeply on the electronic components industry, and accumulated solid technological strength and outstanding industry credentials. It has made remarkable contributions to the revitalization of China’s national electronic industry and national defense development.

Its core products include precision displacement sensors and resistance potentiometers, power supply filters and EMC components, high-reliability multilayer ceramic capacitors (MLCC), and precision parts. The products are widely applied in major national key projects such as aerospace, aviation, electronics and shipping, while also expanding into civilian fields including new energy, home appliances and communications.

Established in March 2019 with a scale of RMB 1.12 billion, Jucheng Qiushi Fund focuses on integrated circuits and the new generation of information technology. Managed by Jucheng Investment, relevant entities of Nanjing Innovation Investment Group contributed a total of RMB 330 million to the fund.

The fund completed its Series B investment in Hongming Electronics at the end of 2020. After the investment, it supported the enterprise in connecting upstream and downstream industrial resources and introducing follow-up financing, fully empowering its accelerated development.