Industrial parks support the development of new productivity forces, and the forward-looking layout of CEOVU (00798) is starting to show results.

Currently, China's economy has shifted from high-speed growth to high-quality development, but with the arrival of unprecedented global changes, accelerating economic transformation has become more urgent. The transition from traditional factor-driven growth to innovation-driven growth is the core of economic structural transformation, and the development of new quality productivity is crucial to this transformation. By accelerating technological innovation, optimizing industrial structure, and improving total factor productivity, new quality productivity can be transformed into a powerful engine for driving high-quality economic development, laying a solid foundation for the comprehensive construction of a socialist modern country. In the process of creating new quality productivity, industrial parks play an important role. As important carriers for the aggregation of innovation resources, the transformation of technological achievements, and the upgrading of industries, industrial parks promote the formation and development of new quality productivity by attracting and nurturing high-tech enterprises, optimizing industrial layout, and improving infrastructure. Currently, leading industrial park companies in the country are actively responding to policy calls to contribute their efforts to the development of new quality productivity in China. CEOVU is a typical representative in this regard. As a national leader in industrial resource sharing platforms and industrial park operators, CEOVU, with deep industry expertise and forward-looking strategic planning, provides strong support for the cultivation and development of new quality productivity. In the 2024 government work report released on March 5, "vigorously promoting the construction of a modern industrial system and accelerating the development of new quality productivity" is listed as the top priority task for the first time, indicating the government's emphasis on the development of new quality productivity. New quality productivity is driven by technological breakthroughs, innovative allocation of production factors, and deep industrial transformation and upgrading. This means that promoting the development of new quality productivity will accelerate the pace of industrial iteration and upgrading, and CEOVU has been prepared for this. Since 2019, CEOVU, based on its deep understanding of industry development, has been the first to perceive the acceleration of industrial iteration and has proactively proposed a long-term development strategy of "one platform, two methodologies" to adapt to the new trends in the industry. CEOVU has transformed from a professional industrial park development and operation group to a builder of "innovation ecology" and "industrial resource sharing platform" based on industrial park development and operation. CEOVU has initiated a strategic transformation of "one body, two wings," with park operations as the main focus, park development as the support, and industrial investment as the engine, driving the company towards the development of new trends in industrial parks. Since entering 2024, although industrial parks are still in a stage of low development under the dual "squeeze" of external macroeconomic influences and internal operating challenges, CEOVU, a member of China Electronics, deeply understands the necessity of accelerating the development of new quality productivity. With its rich experience in responding to economic transformation and full-hearted response to China Electronics' vision of building a national network and information technology force, CEOVU is striving to accelerate the optimization of industrial layout for local governments in order to promote regional economic transformation and upgrading in a downturn environment. Specifically, leveraging its rich advantages in emerging industries within its industrial resource sharing platform, CEOVU plays a further role in cross-regional collaborative investment platform, providing project management services lead by park investment operation for local governments and large enterprises with a unique OEPC model, helping to speed up local economic transformation, and receiving widespread welcome from local governments. In April, CEOVU signed a new contract for the Baoding Netcom Valley OEPC project, with a value of 242 million yuan. This is a key project in Baoding City with a total construction area of about 110,000 square meters, focusing on the industry directions of new energy and electrical equipment, key components of intelligent connected vehicles, electronic module, and smart electronic devices. At the same time, CEOVU, adhering to the concepts of "one city, one law" and "symbiosis of diversity," practices methods such as "systematic planning," "comprehensive operation," and "agile customization" for industrial parks, accelerating the development of regional industries into high-tech fields by integrating resources and introducing patient capital through its park development business to create more cornerstone projects and promoting regional industrial transformation and upgrading. It is worth noting that as an important lever for CEOVU's park investment promotion, industrial investment is also an important way to support technological innovation and the development of emerging industries. As of June 30, 2024, Zero Capital, a subsidiary of CEOVU, has established eight funds to boost the development of digital cities, network information, intelligent manufacturing, and new materials. Another equity investment fund, CICC, fully utilizes China Electronics' industrial layout and network resources to promote development in areas like digital cities, network information, intelligent manufacturing, and new materials. Through its technology enterprise incubator and professional operation company for coworking spaces, OVU Creator Star, CEOVU introduces and nurtures strategic emerging industry clusters, providing one-stop, full-chain service support for resident enterprises to effectively reduce their innovation and entrepreneurship costs, accelerating the process of technology from the laboratory to the market. OVU Creator Star has established and operated 35 sites in 21 cities nationwide, with an operating area of 400,000 square meters, serving over 2,000 entrepreneurial teams and attracting over 80,000 entrepreneurs. As of June 30, 2024, OVU Creator Star has successfully operated and obtained licenses for 21 national industrial spaces. Clearly, CEOVU's property leasing services have formed a good industry aggregation effect under good resource synergy, which is conducive to the transformation and upgrading of regional industries. Moreover, by following national development strategies, CEOVU has introduced and cultivated strategic emerging industry clusters through its technology enterprise incubator and coworking space company, OVU Creator Star. This supports the development of science and technology innovation and emerging industries. As of June 30, 2024, Zero Capital, a subsidiary of CEOVU, has established eight funds, promoting the development of four major areas: digital cities, network information, intelligent manufacturing, and new materials. On July 19, the groundbreaking ceremony for the Eastern Intelligent Manufacturing Port project in Taizhou, Jiangsu was held. The total investment of the project is 12 billion yuan, with a total area of 1,062 acres, focusing on advanced manufacturing areas such as new energy, new materials, electronic information, and high-end equipment, accelerating the integration of regional new quality productivity resources. On July 30, CEOVU signed a project investment agreement with Yuhuatai District, Nanjing, planning to invest a total of 10 billion yuan and jointly create the "Nanjing OVU Yuhua Smart Valley" project in a market-oriented operation mode. The project covers approximately 1,000 acres and will become a concentrated area for advanced manufacturing and smart manufacturing industries. In addition, CEOVU closely follows the national development strategy, introduces and cultivates strategic emerging industrial clusters through its technology enterprise incubator and coworking space company, OVU Creator Star, provides one-stop, full-chain service support for resident enterprises, effectively reduces the cost of innovation and entrepreneurship for enterprises, and accelerates the process of technology from the laboratory to the market. OVU Creator Star has established and operated 35 sites in 21 cities nationwide, with an operating area of 400,000 square meters, serving over 2,000 entrepreneurial teams and attracting over 80,000 entrepreneurs. As of June 30, 2024, OVU Creator Star has successfully operated and obtained licenses for 21 national industrial spaces. Clearly, under good resource synergy, CEOVU's property leasing services have formed a good industry aggregation effect, which is more conducive to regional industrial transformation and upgrading.The investment team's financing capabilities have made new progress in investing in multiple projects. Among them, Shanghai Yihua Technology Co., Ltd., Guangzhou Lijing Innovation Technology Co., Ltd., Xiamen Teyi Technology Co., Ltd., and Fuyang Xinyi Hua New Materials Technology Co., Ltd. have completed a new round of financing, and Wafer Works (688584.SH) has been listed on the Science and Technology Innovation Board.By using "San Yun" to create a new growth curve, injecting new vitality into the cultivation of new quality productivity Industrial parks play an important role in economic transformation and the development of new quality productivity. At the same time, the accelerated transformation of the economy and the development of new quality productivity will bring new market opportunities to park enterprises. The logic behind this is that the accelerated development of new quality productivity requires park enterprises to provide better services. Only a more efficient, convenient, and green production and operation environment can foster new quality productivity. This means that those who can provide leading market quality services can better benefit from the new trends in accelerated economic transformation. To enhance service capabilities and create differentiated competitive advantages, CEOVU relies on the digitization of its core business in China, improves digital infrastructure construction, and has introduced a digital park system including "Park Cloud", "Industry Cloud", and "Low Carbon Cloud" to further integrate resources and services, realizing high-efficiency and intelligent park operations. Through "Park Cloud," CEOVU has optimized property management and service response; with "Industry Cloud," CEOVU has promoted precise connections and cooperation between upstream and downstream companies in the industrial chain; and "Low Carbon Cloud" has promoted green energy management and energy conservation, enhancing the park's sustainable development level. In 2023, CEOVU further integrates the digitization of its business system, accelerates the market launch of "Park Cloud", "Industry Cloud", and "Low Carbon Cloud", and creates benchmark projects. Also in this year, CEOVU proposed the "Third Growth Curve," which means building a digital transformation of the park as the third growth curve on the basis of developing the first growth curve park and operating the second growth curve park. In 2024, with the rapid development of new quality productivity being listed as the first task in the government report, the trend of intelligent transformation of parks and low-carbon development becomes more significant. Therefore, based on the "dual-drive" of industry cloud and low carbon cloud, CEOVU accelerates the construction of a cross-regional industrial organization digital mechanism, forming a digital industrial interconnected system with unique advantages. This pushes the comprehensive digitization of company management and industrial services, builds a spatial organizational business structure that promotes the high-quality development of industrial digitization and digital industrialization, continuously enhancing the company's core competitiveness in the market. With the continuous advancement of the future "Hundred Cities, Thousand Enterprises" plan, CEOVU's digital park system is expected to play an important role in the process of digital construction in China and will also contribute to the acceleration of economic transformation and the development of new quality productivity. It can be foreseen that digitization will not only be the new growth curve for CEOVU in the long term but also its core competitive advantage in the field of digital smart parks. In summary, whether it is economic structural transformation or the development of new quality productivity, it will be a long process of ten or dozens of years. However, it is certain that park enterprises that can adapt to the national development situation and have gained an early advantage will occupy a favorable position in this process. The strategic layout of "one body and two wings" of CEOVU has already shaped unique competitive advantages in the industry's new trends. It can rely on the rich emerging industry resources in the industrial resource sharing platform to help local governments optimize industrial layout, promote regional economic transformation, and provide support for the cultivation and growth of new quality productivity. At the same time, the digital park system created by CEOVU based on "Park Cloud", "Industry Cloud", and "Low Carbon Cloud" can accelerate the enterprise's digital process, giving digital wings to the rapid development of new quality productivity. This will continue to lead the development of industrial parks in China by CEOVU.