08/01
2025
AGF Monthly | News Regarding AGF’s Portfolios in Jul.
08/01
PART 01 Financing Developments
Horen Has Secured Over RMB 100 million in Series F Funding Round
Horen has secured over RMB 100 million in its Series F funding round, led by Shenzhen Timesbole Private Equity with its New Energy Industry Investment Fund contributing RMB 130 million. The funding allows Horen to enhance full-industry-chain capability building, establish gold standards for niche sectors, and accelerate the implementation of its L4L (Local for Local) global localization strategy.
Leadsynbio Closed a New Round Funding Exceeding RMB 100 Million
Portfolio company of Asia Green Fund—Leadsynbio closed a new round funding exceeding RMB 100 million, co-led by CICC Capital, Xingxiang Capital, Caixin Capital, and Jiashan Industrial. This investment underscores strong investor confidence in the company’s integrated end-to-end supply chain capabilities and scalable commercialization infrastructure. Proceeds will primarily accelerate new product commercialization and global market penetration.
PART 02 Enterprise News
Baoying Gases Forges Comprehensive Strategic Partnership with Global Healthcare Giant SOL Group
Baoying Gases has entered into an in-depth strategic collaboration with SOL Group, a century-old global leader in medical gas services. United by their shared mission to safeguard respiratory health, they will establish an intelligent and inclusive life sciences gas service system in China through three key projects – Wuxi LY, Nanjing NW, and Jiangyin JY – setting new industry benchmarks for medical gas solutions.
Enpower and PIA Automation (688306.SH) Establish Strategic Partnership
Enpower has formally signed a strategic MoU with PIA Automation (688306.SH). The two parties will establish an in-depth strategic partnership focusing on cutting-edge fields such as solid-state batteries - regarded as the core technology of next-generation batteries - to jointly capture the significant opportunities presented by the global new energy industry upgrade. The collaboration will accelerate expansion in global markets and promote applications in advanced fields including humanoid robotics and the low-altitude economy.
BWI Group's MagneRide® Localization Project Included in Hebei Province's Major Science and Technology Initiatives
Recently, BWI Group's MagneRide® localization development project was incorporated into Hebei Province's Key Science and Technology Support Program—the New Energy and Intelligent Connected Vehicle Industry Innovation Initiative. The project focuses on the localized R&D and key technological breakthroughs of MagneRide®, aiming to accelerate the domestic substitution of core materials, control strategies, and manufacturing processes, thereby promoting self-sufficiency and control over critical components of intelligent suspension systems.
On July 30, the TAYNIC "factory-within-a-factory" production line at BWI's Zhangjiakou base officially commenced operations, marking another milestone in the localization of key components for the fourth-generation MagneRide® suspension. This production launch represents a deep collaboration between BWI and its strategic supply chain partners, achieving maximum process compression and cost efficiency improvements.
Huitongda and Boin Hearing Technology Form Strategic Partnership
On July 17, Huitongda entered a strategic collaboration with Boin Hearing, a national high-tech enterprise specializing in smart hearing assistance technology and medical-grade hearing aid production. They officially launched the "Ten Thousand Stores in Hundred Cities" channel expansion initiative, jointly promoting the widespread accessibility of hearing health services in low-end market.
PART 03 Enterprise Honors
Baoying Gases's 7N Ultra-High-Purity Ammonia Achieves National Certification
Baoying Technology's independently developed 7N-grade (≥99.99999%) ultra-high-purity ammonia has passed testing by the Shanghai Institute of Measurement and Testing Technology (Report No.: 2025I30-30-5973590001) in compliance with the latest GB/T 14601-2025 national standard. All 24 key indicators met requirements, with critical impurities such as moisture and oxygen/argon at <0.01×10⁻⁶(v/v) and metal ions like phosphorus and sodium controlled at 0.001-0.004μg/g—several parameters exceeding national standards by fivefold. This milestone positions Baoying Gases as a leader in domestic 7N ultra-high-purity ammonia production, advancing localized core technologies alongside industry peers. With its Yangtze River Delta 4-hour rapid supply and fully transparent, traceable service model, the company delivers "high-purity, high-efficiency, high-reliability" gas solutions tailored for third-generation semiconductor manufacturing.
BWI Group Recognized on Prestigious Rankings by Cyzone and China Bridge
With its global presence and technological breakthroughs in intelligent chassis systems, BWI has been named to "Cyzone 2025 Top100 Chinese Global Emerging Forces", highlighting its "China-led, globally integrated" technological framework, self-sufficient core technologies, and comprehensive global delivery capabilities. Additionally, due to its outstanding innovation and rapid growth, BWI has been awarded as China Bridge's 2024-2025 Top50 "Unicorn" Enterprise for the second consecutive year, further solidifying its position as a leading high-growth enterprise.
SEVB Wins 2025 China New Energy Vehicle Thermal Management "Thermal Pioneer Award"
Recently, SEVB is honored as the Most Influential Enterprise in the 2025 "Thermal Pioneer Award" for its leading battery thermal management technology system and innovative achievements, showcasing the company's strong expertise in the thermal management field. Leveraging its proprietary 3D liquid cooling technology, advanced thermal protection materials, and sophisticated thermal management strategies, SEVB provides battery cells with a 7*24 hours "constant-temperature" operating environment. Combined with its five-layer safety protection system, the company has established a robust safety barrier spanning from individual cells to the entire battery system.
Huitongda Ranked Among "2025 China Top100 Online Retailers"
On July 16, the China Chain-Store & Franchise Association (CCFA) and Deloitte China jointly released the "2025 China Top100 Online Retailers" list. Huitongda is among the Top10 of the overall ranking and also listed among the Top6 in the "Top70 Retail Channels" category.
AICT’s Invention Patent Granted Authorization in Both Mainland China and Hong Kong
AICT's invention patent, titled "A Method and System for Roadside Parking Scene Analysis in Nighttime Scenarios", has been granted authorization by both the CNIPA and Hong Kong IPD. This milestone signifies the company's innovative achievements in high-precision artificial intelligence (HAI) technology have received dual recognition from the legal systems of both regions, laying a solid foundation for the company's global expansion in the smart transportation sector.