On the occasion of the Spring Festival, on behalf of all colleagues of Dongfang Fuhai, I would like to send my best wishes to the securities times and readers. I wish you a happy new year, good health and good luck in the year of the tiger.
The past year is worth remembering and summarizing. Looking back on 2021, thanks to the superposition of factors such as the normalization of epidemic prevention and control, the stabilization and recovery of macro economy and the reform of capital market registration system, the venture capital market rebounded strongly and entered the fast lane of development. Among them, the fund-raising side has entered the era of 2 trillion, with an investment amount of more than 1.4 trillion, more than 12000 institutional cases, and an unprecedented market heat. At the same time, the market structure continues to differentiate, the competition pattern continues to intensify, and the policy dividend is still the development background of the venture capital industry with the regulatory traffic light.
Looking back on ourselves, Dongfang Fuhai crossed its 15th birthday in 2021. It has a long way to go, has a long way to go, and is filled with emotion. From three people at the beginning of its establishment to more than 140 employees, from 300 million to nearly 30 billion fund management scale, the growth of Dongfang Fuhai is not only the struggle of the team, but also the gift of the times. We can live up to the trust of investors and entrepreneurs only if we uphold awe, adhere to logic, remain diligent and serious, adhere to being a decent person, do the right thing, and have a rock like heart.
Looking forward to the new year, we believe that China has ushered in the best development opportunity, which is science and technology and innovation. On the one hand, in the fields of semiconductors, high-end equipment and core materials, China’s self-sufficiency rate is insufficient, and there are still huge opportunities for domestic substitution; At the same time, the capital traffic light guides innovative capital to gather in new infrastructure, specialization, innovation and war Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) ; Industrial trends such as digitization and carbon neutralization are also giving birth to a large number of market and investment opportunities.
In the wave of encouraging science and technology and innovation, “specialization and innovation” is undoubtedly the main theme of the moment, and is also enjoying huge market dividends. In fact, “specialization and innovation” is not a new concept. The reason why it has become a hot spot in policy, industry and investment is that all parties have deeply realized that the wave of mass entrepreneurship and innovation dominated by Internet and model innovation over the years should be transformed into a science and technology track that complements the short board, is demand-oriented, technology is king and innovation is based. The so-called “specialization” refers to the professionalism of investment and entrepreneurship. “Refinement” refers to the refinement, which is the application of limited resources to the right place, “specialty” reflects the characteristics of entrepreneurs and investors, and “new” refers to novelty and innovation. we believe that specialization and innovation is not an investment standard, but an idea or a development path. Both entrepreneurship and investment should start with “special innovation” and end with “specialization”.
We judge that after “ningmao”, the enterprises that have the most development potential and are most likely to grow into large enterprises may be specialized and special new enterprises. China has entered the golden age of large market capitalization enterprises. In the next 15 years, hundreds of large market capitalization enterprises will emerge in China, including dozens of trillion market capitalization companies and hundreds of billions of market capitalization companies. Investing in these enterprises and helping them grow is undoubtedly the mission and challenge in front of Dongfang Fuhai and every venture capitalist. Let’s be a cautious optimist in the new year. We should not only believe in the logic of common sense, but also believe in the miracle of innovation!
