09/11
2026
AGF Monthly | News Regarding AGF’s Portfolios in Aug.
09/11
PART 01 Financing News
Infarwaves completes Series E financing
Infarwaves recently announced the completion of its Series E financing and simultaneously launched its IPO preparation. The investors in this round include dozens of industrial capital players along China’s intelligent computing Token industry chain, namely China Emerging Asset, China Cinda Asset, Wanxiang Group, Zoyuan Asia, Futeng Capital, Beiyang Haitang Fund, Toukong Donghai, Huafang Capital, Jiuyi Capital, Shanghai Dazhong Transportation, Guodao Capital, Jiezhi Chuanglian, Bauhinia Venture Capital, Tianjin Hive, Zhuhai Hengqin Capella, Anxin Investment, Ruosong Fund and Yunchuang Capital.
PART 02 Corporate Updates
Hyperions: Organic Electronic Materials Industrialization Project breaks ground
On August 12, the organic electronic materials industrialization project of Hyperions officially started construction at Changchun North Lake Fine Chemical New Materials Industrial Demonstration Park, Changchun New Area. With an estimated total investment of RMB 1 billion and a total land area of 100,000 square meters, the project boasts a total construction area of 150,000 square meters. It mainly comprises synthetic process plant blocks, sublimation buildings, R&D buildings, optoelectronic buildings, office buildings and supporting facilities, and plans to procure and install over 1,000 sets of equipment. Upon full operation, the project is expected to produce 20 tons of organic electroluminescent materials annually, generate an annual output value of RMB 2 billion and create 200 new jobs.
SEVB enters strategic cooperation with JD
On August 24, SEVB and JD formally signed a framework cooperation agreement in Shenzhen. The two parties will carry out comprehensive and in-depth cooperation covering standardized new energy battery products, smart logistics, supply chain coordination and green energy services, to jointly drive the high-quality development of the new energy battery industry.
HOREN’s "Green Ark" Zero-Carbon Intelligent Manufacturing Base in Xianju, Taizhou commences full construction
On August 22, HOREN held a groundbreaking ceremony for its "Green Ark" zero-carbon intelligent manufacturing base in Xianju, Taizhou, Zhejiang Province. As one of the major construction projects under Zhejiang’s "100 Billion Projects in 1,000 Sectors" initiative for 2026, the project has a total investment exceeding RMB 1.2 billion, covering an area of 112 mu with a total floor area of over 106,000 square meters.
Huitongda Network seals multiple strategic partnerships with Orange Flower, Yixian Datong and Kehao Convenience
Huitongda Network has recently secured a series of important strategic partnerships. Teaming up with Orange Flower, a leading bulk snack chain brand in Zhejiang, the company will jointly set up a joint venture as the exclusive operating entity for the Orange Flower chain brand. The partnership aims to accelerate the layout of snack and hard discount chains and build a dominant brand in the Southeast China market.
Huitongda also held a strategic launch ceremony with Yixian Datong. Focusing on supply chain coordination, digital technology integration and government & enterprise procurement upgrade, the two sides will connect urban-rural circulation and government & enterprise procurement scenarios, forming a digital service closed loop covering retail in sinking markets and government & enterprise centralized procurement.
Meanwhile, Huitongda has reached cooperation with Qingdao Kehao Convenience. Centered on the new retail trend of "snack-integrated convenience stores", the partners will collaborate on new store format development, supply chain integration and digital operation, exploring innovative development paths for integrated convenience stores and expanding the retail ecosystem in multiple dimensions.
National Key Laboratory Joint R&D Base inaugurated at BABO Healthy Bamboo Industrial Park
On August 5, the Joint R&D Base of the National Key Laboratory of Biobased Fiber Materials, co-built by BABO and Tianjin University of Science and Technology, was officially inaugurated at BABO Healthy Bamboo Industrial Park. Led by Professor Cheng Bowen, Member of the Chinese Academy of Engineering, the laboratory aims to establish a university-local-enterprise collaborative innovation platform and open up pathways to convert bamboo resources into high-end biobased new materials.
XCharge provides charging support for the world’s first all-electric airport fire rescue vehicle
Recently, XCharge has partnered with Dallas Fire-Rescue to deploy C7 ultra-fast charging units at the airport. The chargers power the world’s first fully electric Rosenbauer aircraft rescue and firefighting vehicle, achieving zero-emission power replenishment for airport special fire-fighting vehicles and setting a benchmark for the electrification and safe operation of aviation airports.
Leadsynbio presents at WPE&WHPE 2026
From August 24 to 26, the 6th World Natural Products & Health Ingredients Expo (WPE&WHPE 2026) was held at Xi’an International Convention & Exhibition Center. Leadsynbio showcased its flagship products NMN and NAD at the event. The team engaged in in-depth exchanges with industry peers and clients on natural health ingredients, exploring cooperation opportunities to jointly advance industrial development.
PART 03 Corporate Honors
Baoya Gas under Baoying Gas selected as Provincial Advanced Intelligent Factory
The Department of Industry and Information Technology of Jiangsu Province recently publicized the list of enterprises selected as Jiangsu Provincial Advanced Intelligent Factories for 2026. Baoya Gas, a subsidiary of Baoying Gas, was successfully shortlisted for its "High-Purity Hydrogen Intelligent Factory featuring Flexible Customization and Full-Traceability". This marks another provincial-level intelligent manufacturing accreditation for Baoya Gas, following its recognition as a Jiangsu Provincial Intelligent Manufacturing Demonstration Workshop in 2023. Within three years, the enterprise has achieved an upgrade from a demonstration workshop to an advanced intelligent factory.
Kingwills wins the 2025 New-Quality Enterprise Golden Bull Award from China Securities Journal
On August 29, the 2026 Science and Technology Innovation & Industrial High-Quality Development Conference themed "Sci-Tech Leadership · Empowering New-Quality Growth through Industrial Chains" took place in Changzhou, Jiangsu Province. For its innovative practices in new materials, Kingwills was awarded the 2025 New-Quality Enterprise Golden Bull Award in the new materials category.
SEVB receives multiple industry awards
The winners of the 4th 2026 Zhilu Awards were announced. Leveraging its leading HEV lithium battery technology, mature industrialization capacity and wide market recognition, SEVB won the Gold Award in the battery category.
At the 5th International Green & Zero Carbon Festival and 2026 ESG Leadership Summit, SEVB was honored the 2026 ESG Model Enterprise Award for its systematic practices in ESG governance, green manufacturing and full-life-cycle carbon management of products.
Huitongda Network earns multiple authoritative honors
Huitongda Network has been included in the Fortune China 500 list for five consecutive years. While consolidating its core business fundamentals, the company presses ahead with strategic transformation, prioritizing profit quality improvement and business structure optimization. Its core financial indicators keep improving with steady operating cash flow, realizing the shift from "scale-driven growth" to "quality-driven growth".
In addition, the company was awarded the Outstanding Enterprise for ESG Sustainable Development under the Gelonghui Golden Grid Award, in recognition of its benchmark practices in environment, social and governance areas.
Furthermore, Huitong Digital Technology, an affiliate of Huitongda Network, has been accredited as the Nanjing Joint Key Laboratory for Smart Retail Prediction and Decision-Making. Powered by its self-developed vertical large model "Orange Cloud AI", the lab carries out deep customization for retail scenarios to drive the large-scale implementation of AI technology in offline retail.