Below are representative companies the firm has invested in or currently holds. The composition of holdings is adjusted dynamically based on research conclusions and market conditions.
| Company | Segment | Business Focus | Allocation Role | Initial Investment |
|---|---|---|---|---|
| Cambricon | Artificial Intelligence & Core Infrastructure | Cloud and edge AI chips | Long-Term Public Holding | 2021 |
| JCET Group | Artificial Intelligence & Core Infrastructure | Advanced packaging and testing | Value-Chain Allocation | 2020 |
| Envicool | Artificial Intelligence & Core Infrastructure | Precision thermal control & liquid cooling | Thematic Allocation | 2022 |
| Baidu | Artificial Intelligence & Core Infrastructure | AI cloud and large-model platform | Core Holding | 2019 |
| Alibaba | Artificial Intelligence & Core Infrastructure | Cloud computing and digital commerce | Core Holding | 2019 |
| China XD Electric | Energy Transition & Green Technology | Transmission & UHV equipment | Thematic Allocation | 2022 |
| LONGi Green Energy | Energy Transition & Green Technology | Solar wafers & modules | Cyclical Allocation | 2020 |
| CATL | Energy Transition & Green Technology | EV batteries & energy-storage systems | Core Holding | 2019 |
| XtalPi | Biopharma & AI-Enabled Healthcare | AI & quantum-physics drug discovery platform | Thematic Allocation | 2024 |
| Innovent Biologics | Biopharma & AI-Enabled Healthcare | Innovative biologics | Core Holding | 2021 |
| United Imaging | Biopharma & AI-Enabled Healthcare | High-end medical imaging equipment | Core Holding | 2022 |
| MicroPort MedBot | Biopharma & AI-Enabled Healthcare | Surgical robotics | Growth Allocation | 2022 |
| Qi An Xin | Defense Technology & Cybersecurity | Government & enterprise cybersecurity | Thematic Allocation | 2021 |
| Venustech | Defense Technology & Cybersecurity | Cybersecurity products & services | Thematic Allocation | 2022 |
| AVIC Jonhon | Defense Technology & Cybersecurity | High-reliability optoelectronic connectors | Core Holding | 2020 |
| Huazhong CNC | Supply-Chain Restructuring & Advanced Manufacturing | CNC systems & industrial robots | Growth Allocation | 2022 |
| Haitian Precision | Supply-Chain Restructuring & Advanced Manufacturing | High-end CNC machine tools | Value-Chain Allocation | 2021 |
| SUPCON | Supply-Chain Restructuring & Advanced Manufacturing | Process industry automation | Core Holding | 2021 |
| Empyrean Technology | Supply-Chain Restructuring & Advanced Manufacturing | EDA industrial software | Thematic Allocation | 2022 |
| Geek+ | Supply-Chain Restructuring & Advanced Manufacturing | Warehouse logistics robots | Growth Allocation | 2024 |
Data scope: this page presents representative companies the firm has invested in or currently holds; it is not a complete list of holdings or investment advice. Categorization reflects the primary research perspective, and holdings may change with research conclusions and market conditions. Page information last updated October 2026.
Built core positions in platform technology companies and power batteries, laying the foundation for the portfolio's long-term returns.
Made systematic allocations to digital security and process industry automation, improving the portfolio's resilience through cycles.
Added positions in medical imaging, surgical robotics and liquid-cooling companies to capture domestic substitution and compute-expansion opportunities.
Invested in AI drug-discovery platforms and smart warehouse robotics companies, positioning for next-generation industries.