清科创业2024年度报告
2578917223669939899101102104 VATSVATSICP20051122100%20139 10% 22 PO Box 309Ugland HouseGrand CaymanKY1-1104Cayman Islands YE DaqingZHANG Min 4012101–2109 24840 YE DaqingZHANG Min 261 YE DaqingZHANG Min ZHANG Min 1617 97914 1945 www.zero2ipo.cn Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand CaymanKY1-1102Cayman Islands 202412 31 AI2024AI1,00035.5% AIAIAIAI 2024192.412.3 2025VCPEDeepSeekAI 2025 2025 20253 14 AI50 •SaaSMAXDeepSeek202412 31MAX360,000 •202412 313.5 • • 2025AAIDeepSeek 2025 2023238.519.3%2024192.5(1)(2) 2023143.312.4%2024125.5 202395.229.6%202467.0202339.9%202434.8% 202339.414.7%202433.6202356.0%202448.0%MAX 202342.526.4%202431.3202349.6%202443.5% 20230.0420241.720230.14%20246.8% 202313.220243.9202326.4%202415.6% 202318.16.1%202417.0 202354.116.8%202445.0 202317.811.8%202415.7 202314.39.8%202412.9 20235.06.0%20244.7 202316.023.1%202412.320236.7%20246.4% 202412 31299.7202312 31490.3202412 31455.2 2024 202412 311.8 202412 31 202012 16 202312 114.72%28.320242 27202312 120241 262024410 202412 31 202412 316.281.35.7%10.5%20244 302024710202411 18 TechStar Acquisition CorporationTechStar3,750,000TechStar B6,000,00020241220TechStarSeyond Holdings Ltd.Seyond Merger Sub LimitedTechStar BTechStar3,750,0006,000,000202412 20TechStar202412 20 202412 31 202412 31 202412 31 202412 3124.0%202312 3123.2% 20232.8%20242.1% 5020012019820052017112013920139201711201982020620 20224TechStar Acquisition Corporation785520226202262023122246201792022500226120225202112021120268 199672000120071 43200982020520171120191220098 200472018 432006320205201711201912201862021102020420223201982022720063 20046201911 60202052017220 2018122021122022360064520134202212300613Genetron Holdings Limited 1986 YE Daqing51202368YE20YE201710Jianpu Technology Inc.RONG360 Inc.20111020098201110PayPal2007920098American Express Company2004320078America On Line Inc.YE1998920043Capital One Financial Corporation YE199461998520246 ZHANG Min56ZHANG15ZHANG20129ZHANG20051220081020021220051220013200211ZHANG202212TechStar Acquisition Corporation7855 ZHANG198971995 552017920201LAIX Inc.201352015120107201342012YOKU2000 2024121405201851119201611GDS Holdings LimitedGDS)2021120235Kuke Music Holding LimitedKUKE2015520235Baozun Inc.BZUN20146202111980 1992719988199952013120015 43201762020520206 2008620173300071 200472006620107 4320149202062019122020320208 20139201492005520139 2002720053 4320217202112 202172021820226TechStar Acquisition Corporation78552018920216201412018920102201311609960099920082201023968600036 200362004920199 2020620182010122022 C1 YE DaqingZHANG Min 1721 3.10(1)3.10(2) 3.10A 202412 31 415051 202412 31 202412 3166.7%69.0% C.1.4 YE DaqingZHANG Min C.2.1C.2.1 202312 7 YE Daqing20236 820236 8YE Daqing202312 7 (i)(ii)(iii) 14 20243 26 202412 31 C3 A.2.1 1.2.3.4.5. C1YE DaqingZHANG Min D.3.3(e)(i)D.3.3(e)(i) 202412 31 YE DaqingZHANG Min 202412 31 20246 30202412 31 C1ZHANG Min 202412 31 ZHANG Min 20243 26 C1YE DaqingZHANG MinYEDaqing 202412 31 YE DaqingZHANG Min 202412 31 202412 318(a) 202412 312021 01,000,0001,000,0011,500,0001,500,0012,000,0002,000,000 202412 31 202412 31 202412 313.2915 (www.zero2ipo.cn) 202420245 2220242 27 202412 31 4012101–210921 4012101–2109 1. ESG(ESG)ESG C2ESG ESG ESG 20241 1202412 31 * * 20253 14 (www.hkex.com.hk)(www.zero2ipo.cn) 4012101–2109 investor@zero2ipo.com.cn(86) 010-64158500 2. ESG 2.1 ESGESGESGESGESGESGESGESGESG ESG ESGESG ESGESGESGESGESG ESG •ESG•ESGESGESG••ESG 2.3 ESG 2.4 ESGESG(SASB)ESG19910 3. 2001MAX 3.1 3.2 486 3.3 30 12322221111111 4. 4.1 201 4.2 4.3 514 ••• 5. 5.1 57 5.2 5.3 2024 6. 311354499 6.1 6.2 6.3 7. 1 1 2024 2 0.00102.30102.300.020.41 132412 190,642.9444.22756.52 1,417.085.62 5.040.0232598 5 2024 10.954.011.092.920.360.73 8 68.9831.02 6.216.14 6.006.0014.67 0000 202420232022 202412 31 20198 1 17(a)17(b)202412 315 202412 31 202412 313 2023202412 3129.720.0 202412 3198 202412 31 •••••• 202012 30386.966.0 20226 62022(a)50.0(b)202212202312202412(i)COVID–19(ii)(iii)2022 202411 292024(a)72.0(b)202412202612(i)(ii)(iii) 2024 202612 202520255 192025522202520255 161617 8 202412 3115 202412 3131 202412 31 202412 313137(b) 202412 31504.2 202412 31 202412 3120235.4 7.075,241,200 1,053,200202412 314,188,000 YE DaqingZHANG Min 21 13.51B(1)20248 282024 •2024121405 202312 7YE DaqingZHANG Min20236 82023127202312 7 202412 31 202412 31 202412 315.1 202412 31202412 316.0 202412 31202412 31 8 20241231 202012 7JQ Brothers Ltd. 20241231202412 31 202412 318.10 2.4(i) 202412 31 202412 31 13.18 202412 3113.18 202012 720235 1717 (1) (2) (3) 30,640,24010.18% (4) 1% (5) (6) (a)(b) (a) (b) (7) (8) 20235 17 20241 1202412 3130,640,240 D.20214 22202241320234 2020214 27202164202251820235 17 202412 31XV(a)XV78(b)352(c) (A) (1)(i)JQ Brothers Ltd.(
