Shanghai Shibei Hi-Tech Co Ltd ACompany commits 22.46 million yuan to a venture capital fund, aiming to strengthen industrial investment, but also reports a net loss of 76.45 million yuan in Q1 2026.
Shibei Hi-Tech plans to jointly establish Shanghai Xinjingpu Venture Capital Partnership with Shanghai Jingtou Equity Investment Fund Management and Shanghai Zibin Investment Management. The partnership has a total committed capital of 45 million yuan, of which Shibei Hi-Tech, as a limited partner, commits 22.46 million yuan from its own funds, accounting for 49.90 percent of the total committed capital. The move aims to further strengthen the company's industrial investment efforts and expand its industrial investment system of base plus fund and investment plus incubation. In the first quarter of 2026, Shibei Hi-Tech achieved revenue of 233 million yuan, with a net loss attributable to the parent company of 76.45 million yuan.
Shanghai Shibei Hi-Tech Co Ltd ACompany commits 22.46 million yuan to a venture capital fund, aiming to strengthen industrial investment, but also reports a net loss of 76.45 million yuan in Q1 2026.
Shanghai Shibei Hi-Tech Co Ltd BSame as A shares: company commits to fund and reports net loss.
Mentioned as a partner in the fund; no direct impact discussed.
Mentioned as a partner in the fund; no direct impact discussed.