Luzi Venture Co., Ltd. completed the transition from the provincial investment company tightly owned enterprise to the general ownership in 2016. The company adheres to the provincial investment company's overall strategy as a guide to maintain the main line of venture capital industry. Through the promoting means such as equity investment, fund management and channels like self-owned capital investment, institutional investment, Zhangqiu fund investment channels, it has completed the investment of 11 projects; the actual amount of investment amounted to 220.58 million yuan.
The company has made use of its own funds to carry out equity investment in Freda, Financial Assets Exchange, Tongke Supply Chain and ShenRun Electronics. Freda finished investment the earliest and its total assets in 2015 reached around 500 million yuan; the revenue reached more than 200 million yuan and the net profit around 37 million yuan. Meanwhile, two of them have started the IPO listing plan, thus providing possibility for the smooth exit of the next step project.
The company also cooperates with Houyang Capital, JD Capital and other domestic senior investment institutions. Through its special fund channels, it indirectly finished the equity investment of five premium enterprises including TF Securities, Dynamic Chemistry, baixing.com, Diandian Interaction and Weihe Pharm in 2015. The business cooperation with senior investment institutions has promoted the company's business into the mainstream investment ecological circle; while expanding the quality of project resources, it also optimizes the project configuration.
In addition to using its own funds and cooperation with the organization, the company has also actively played the state-owned venture capital's driving force and influence through the joint establishment of venture capital fund. In 2015, the company, Zhangqiu Government and Shengquan Group cooperated to set up the Luzi Zhangqiu Equity Investment Fund, focusing on new materials industry. At present, the fund has accumulated the project investment of 50 million yuan.
The company will be based on the existing business, conduct extensive cooperation with the innovation and open business mind, improve the mechanism and promote investment, adopt strict control of the risk, and strive to make the company into a domestic first-class state-owned venture capital platform.