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"Chain investment" on the big score! Nanjing here to show the super siphon force

In 2011, China (Nanjing) Software Valley Management Committee was officially established in Yuhuatai District. In a short period of 13 years, it has gathered 4,462 "cow enterprises", including Huawei, ZTE, BMW Chengmai, and Luckman.Creating 35% of software and information service output value in the city with a land area of 1%., becoming the top stream for developing new quality productivity in NJ.

So, why is the Software Valley so "hard"?

As the first Chinese software city, software is the first major industry in Nanjing, which can be called a piece of Nanjing's hands."Ace."The

In 2010, the scale of Nanjing's software industry exceeded 100 billion for the first time; in 2023, the scale of the city's software business income exceeded 800 billion yuan, a year-on-year growth of 9.51 TP3T, rankedFirst in the province, first in the country; ranked No. 4 in the country in the evaluation of software cities by the Ministry of Industry and Information Technology.

Let's take a look at the home base of Nanjing's software industry?

At present, Nanjing has formed an industrial cluster with China (Nanjing) Software Valley, Jiangbei New District Research and Innovation Park and Jiangsu Software Park as the core, and Xuzhuang High-tech Zone, Jianye High-tech Zone and Gulou High-tech Zone as the support.

Located in Yuhuatai District, Software Valley, in Nanjing and even the entire Jiangsu software industry plate "the most cattle".

Founded 13 years ago, Software Valley insists on drawing a blueprint to the end, and has now formed a "4+4+4" industrial layout covering 4 major advantageous industries [communication software and operation and maintenance services, Internet+, cloud computing and big data, and information security], 4 emerging industries [information technology application innovation, intelligent networked cars, industrial software, and integrated circuits], and 4 future industries [commercial spaceflight, low-altitude economy, new-generation artificial intelligence, and meta-universe]. "4+4+4" industrial layout.

In 2023, the realization of software business revenue of 281 billion yuan, accounting for the proportion of the province 20%.

In June 2024, the provincial party committee comprehensively arranged to "focus on building an important position for the development of new quality productivity"; the municipal party committee emphasized to "let the new quality productivity become the most distinctive mark of Nanjing's high-quality development" and put forward that "Yuhuatai District should give full play to the advantages of platforms and software information enterprises gathering to grow the core industries of digital economy" and become the first district to seize the new track of new fields. Yuhuatai District should take advantage of the concentration of platforms and software information enterprises, grow the core industries of the digital economy, and become the first district to seize new fields and new tracks.

Therefore, the software valley should closely around the target positioning, according to local conditions, amplify the advantages, accelerate the cultivation and development of new quality productivity, to ensure that the decisions and deployments are put into practice.

For more than 20 years of development, Software Valley has been standing on the wind of the times.

The Nanjing Metro Line 1 Software Avenue Station during rush hour is a unique landscape in Nanjing. Some people even say so:There is no software avenue in the world, there are more programmers, so they stepped out a software avenue.There was no such thing as a software valley; the code overflowed and created one.

Why is Software Valley called the King's Canyon of Nanjing's "coders"?

As one of the few hundred-billion software industry bases in China, it is alsoThe first batch in China and the only one in JiangsuThe demonstration base of software and information service industry, Software Valley gathers 4462 various software-related enterprises and 360,000 personnel. There are 14 domestic and foreign listed companies; 52 unicorns and gazelles; 113 specialties above the provincial level, including 21 national ones; and 896 national high-tech enterprises.

Software Valley consists of three large areas: North Park, South Park and West Park.Among them, the North Park has the most "big bulls", includingHuawei, ZTE, Samsung, Glory, Lucketc. It is a globally competitive R&D base for communication software and mobile intelligent terminal industries, and has gathered many innovative enterprises in network security, Internet+, intelligent networked cars, and so on.

The South Park takes Yijiahe, Aerospace Science and Industry 8511 Research Institute and other leaders as the support, and builds special parks such as Sci-Tech City, Niushou Artificial Intelligence Industrial Park, and Headquarters Economy Park, focusing on new industries such as industrial software, robotics, and intelligent equipments, etc.; the West Park, relying on the Venture and Innovation City, builds a metropolitan industrial cluster combining softness and hardness, focusing on the fields of smart city, transportation, and smart home, etc.

Why does the small software valley have such a big "siphon force"?

Software Valley is based on"Chain Merchants"As the gripping hand, through the "strong chain, complementary chain, chain extension" method, focusing on the software industry cluster.

exist"Strong Chain"On the Huawei Nanjing Research Institute, ZTE Nanjing R & D base of two "big brother" to lead, amplify the communications software and operation and maintenance services industry agglomeration advantage;

exist"Mending the chain"On top of that, backed by backbone enterprises such as Runhe Software, Wing Fai Information, Chengmai Technology and so on, it has created a financial information innovation center, an industrial control information innovation center and a governmental information innovation center, forming a perfect industrial echelon;

exist"Extended chain"On the core of Huawei Digital Economy Empowerment Center, ZTE Optoelectronics, Yijia and Intelligent Robotics, etc., to extend the industrial chain of robotics, optical communications and other industries, to create a highland of artificial intelligence industry in the province and even the country.

In recent years, utilizing the radiation effect of "chain master" giants, Software Valley has attracted small and medium-sized enterprises (SMEs) to "enter the chain".

The analysis report shows that Huawei landed nearly 20 years ago, driving Baijun Cheng, Topway Information and other industry chain upstream and downstream enterprises in the surrounding 2 kilometers of the agglomeration; leading enterprises led by Huawei Digital Economy Empowerment Center and other 40 high-quality public service platforms for more than 3,000 small and medium-sized enterprise empowerment.

Take Runhe Software as an example, it is the first local software listed company in Software Valley.

Initially, Runhe Software mainly provides high-end software outsourcing services to financial, power grid and Huawei and other large customers, in recent years, the company seized the main line of localization substitution, focusing on Huawei industry chain, "open source Hongmeng" and "open source Ola" from the leading technology to the leading commercial landing! In recent years, the company has seized the main line of localization substitution, focusing on Huawei's industrial chain, and "Open Source Hongmeng" and "Open Source Ola" from leading technology to leading commercial landing.Finance,Industry, healthcare, education, smart cities.

Listed for 12 years, R&S software employees from less than 0.2 million to 12,000 people, an increase of nearly 6 times; revenue from$234 million rose to $3.106 billion, an increase of more than 12 times; the company's total market capitalization increased by more than 16 times, in the capital market performance is bright.

In July 2024, Huawei's Hubble Investments took a stake in Runway Software's subsidiary, Runway Kaihong.Shareholding of approximately 5%. This means that R&S Software and Huawei will work more closely together.

It is worth noting that, as the Hongmeng ecological "leader", Runhe Software in the open source Hongmeng, open source Ola, AI-based innovative business commercial landing results.

In the first half year of 2024, the innovative business of R&S Software has realized sales revenue of approximately RMB338 million, representing an increase of 95.84% as compared to the same period of the previous year, and accounting for 21.38% of the total operating revenue.

With the continuous development of innovative business, the target is to increase the scale of innovative business significantly in the next few years and become the main force of the new growth cycle, creating new quality productivity.

Why is BMW's largest digital automotive software R&D center in China and even Asia located in Software Valley?

BMW Chengmai said that, first of all, the partnerChengmai Technology(300598) is the Software Valley Bull Enterprise they selected from over 800 candidates. Chengmai is experienced in embedded software development and cloud computing applications, and also has in-depth research on the automotive industry and related software development;

Secondly, BMW is interested in the Software Valley's favorable science and innovation ecology, Huawei, Honor, Vivo is less than 300 meters away from BMW Chengmai.

For a period of time, all over the "spelling economy", investment staged to grab enterprises war, from theTaxes, land, plants, to labor, subsidies, incentivesAnd so on "eighteen kinds of martial arts" on the battlefield.

However, affected by the "involutional investment promotion", some "migratory birds" enterprises frequently migrate, and after exhausting the preferential policies in one place, they will quickly move to other areas.

However, on August 1, 2024, the investment policy "changed".Fair Competition Review OrdinanceOne of the most talked about items that officially came into effect was:Without the basis of laws and regulations or the approval of the State Council, "granting tax concessions to specific operators" is not allowed.So far, the "tax incentives" type of investment will be out of the history stage.

"We don't spell concessions, this round of cleaning up investment incentives favors Software Valley."The person in charge of the Software Valley said, our industrial ecology is enough "hard", is to make up a good "basket" to choose "food".

At the same time, the far-sighted Software Valley is building a"Patience Capital"Brand, targeting "fund investment" new model.

In August 2024, Software Valley partnered with the District's State Capital Group to establish theYuhua Innovation Investment Co.The registered capital of 190 million yuan, the follow-up will be the Division as a carrier to further play the District Valley synergy, and actively participate in various types of capital operation, and strengthen the industry cultivation efforts.

In September of the same year, District Valley and Nanjing Venture Capital Group to introduce the Jiangsu Province Strategic Emerging Industry Fund, jointly formed a scale of 6 billion yuan of Jiangsu Nanjing software and information service industry special mother fund (limited partnership).District Valley Contributions as a percentage of 30%The fund is currently located in the Software Valley.

Parent fund incentives"Invest early, invest small, invest long term, invest hard tech"It will play the role of patient capital, actively cultivate and grow software and information service clusters, and boost the development of new quality productivity.

In recent years, the Software Valley has participated in the establishment of a total scale of nearly 11 billion yuan of venture capital funds, the future of the Software Valley will focus on the advantageous industries to concentrate their efforts, the use of industrial capital to promote the extension of the chain to make up for the chain, focusing on investing in strategic emerging industries, aiming at the future of the industry and actively lay out the software valley "patience capital" brand.

In the "after investment" era, "fund investment" is being pinned high hopes.The essence of fund investment is to attract investment through equity investment tools, especially after the implementation of the new investment policy, the intensity will be greater and more frequent.

The current "land finance" is in the doldrums, "equity finance" is quietly emerging. With the "most bullish venture capital" Hefei state capital and "bold capital" Shenzhen state capital, compared with the always steady and low-profile Nanjing state capital also pressed the accelerator button, is accelerating the construction of state-owned capital to lead the "long-term capital", "patient capital", and promote the formation of a total size of more than 200 billion yuan "patient capital". " "Patient capital", to promote the formation of a total size of more than 200 billion yuan of "4 + N" industrial fund clusters. In the future, the main "chain + fund" dual-round investment model driven by the Software Valley, will be more "hard".

From software research and development to the digital economy, the Software Valley "hard and soft".

From policy investment to chain investment to fund investment, software valley step on the drum beat of the times. In the new round of scientific and technological revolution and industrial change in the wave of agitation, the software valley, has run out of "acceleration".

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