Beijing Zhong-Ke-Zhong-Neng Science & Technology Co., Ltd

Beijing Zhong-Ke-Zhong-Neng Science & Technology Co., Ltd. is a solely state-owned technological achievements transformation platform company and asset management company of the Institute of Engineering Thermophysics, Chinese Academy of Sciences (IET, CAS) approved by the Chinese Academy of Sciences (CAS) in May 2013. The company aims to promote and accelerate the transfer of scientific and technological achievements of IET, cultivate and build science and technology enterprises, strengthen the professional supervision and market operation of the participating companies, and promote the participation of IET.

Since its inception, the company has been adhering to the multiple functions of scientific and technological achievements transformation, representing IET's foreign investment, conducting shareholding enterprise supervision, capital operation, etc. Whitmore, the company promotes the industrialization of scientific research results through IET's investment in intellectual property, enhances the equity value of equity companies by monitoring and serving the equity companies of IET, realizes IET's equity preservation and investment income through capital operation. By the end of 2018, through the marketization and professional operation mode, the company has assisted in the successful completion and transfer of more than 100 major scientific and technological achievements of IET, and set up nearly 30 high-tech enterprises in the areas of energy, power engineering and environmental protection.

In 2018, we have strengthened the equity supervision and operations. On one hand, the company set up an auditing force with Finance Department, Science and Technology Department, Discipline Inspection Office of IET and implemented internal audits for some of the enterprises invested to accurately grasp the financial and operational status of the audited entity. On the other hand, the company organized the annual supervisory meeting of Directors, Supervisors, and Senior Executives. Each team representative of Directors, Supervisors, and Senior Executives appointed by IET sent a representative report on the operation of the company and performance of the team, so that IET can effectively understand the status of participating companies and protect the value-added of state-owned assets.

With the rapid development of the research, development of scientific technological achievements, and the company's transformation and development, in 2018, under the cooperation between IET and the Qingdao Municipal Government, relying on Qingdao Aviation Industry Innovation Base Aviation Technology Research Institute, the company begin to enter the aviation industry park and science and technology achievements transfer and transformation fund, aiming to gradually expand and upgrade business from the original business model to venture capital, capital operation, and technology business incubating services. From IET and its’ industrialized companies to transition to the entire CAS, the company offer better services and returns for IET by the new operation and profit model transition.

In 2019, the company increased its efforts to transfer and transform the scientific and technological achievements of the research institute, and assisted IET to establish 3 enterprises, attracting CNY 147 million in cash from social quality resources.

While advancing the transfer of scientific and technological achievements of IET, the company increased the capital operation and equity reorganization of the companies. On the one hand, based on the launch of the science and technology board in 2019, the company actively planned the listing plan of the IET’s shareholders and contacted professional intermediary agencies to provide listing counseling for the IET’s companies; on the other hand, the company have sorted out the companies, formulated an integration and reorganization plan, realized resource integration, and enhanced the core competitiveness of the companies participating in the stock. In addition, the company continued to carry out the daily dynamic supervision of IET’s companies, effectively preventing the investment risks of IET, and ensuring the preservation and appreciation of state-owned assets.