Zhongke Fuhai Technology Co., Ltd., a domestic enterprise in the low-temperature equipment field, recently completed a Pre-IPO round of equity financing, with a financing amount of 1 billion yuan , and the investor is Guoke Capital under the Chinese Academy of Sciences. Public information shows that Zhongke Fuhai has completed multiple rounds of financing previously. The company completed its Series A financing in December 2020, led by CICC Capital; its Series B financing in May 2022, led by Sinopec Capital; and its Series C financing in August 2023, co-led by Chengtong Mixed-Reform Fund and CCB Equity, with a post-investment valuation reaching 7.8 billion yuan. In September of the same year, Zhongke Fuhai was listed among the 2023 China Hydrogen Energy Unicorn Enterprises. In terms of capital operations, Zhongke Fuhai completed its joint-stock transformation in October 2024. In April 2025, the company transferred 43,311,094 shares, accounting for 13.11% of the total share capital. The relevant transfer announcement shows that, given the uncertainty regarding the listing time on the STAR Market, the company was planning a Hong Kong stock market listing plan at that time. On October 13, 2025, Zhongke Fuhai handled tutoring and filing registration with the Beijing Securities Regulatory Bureau, with the tutoring institution being Zhongtai Securities; the legal service institution and accounting firm were Beijing Tongshang Law Firm and Baker Tilly China, respectively. After the completion of this Pre-IPO round of financing, the company's subsequent capital market process has drawn attention. According to information, Zhongke Fuhai was established in August 2016, headquartered in Beijing, and originated from the Technical Institute of Physics and Chemistry of the Chinese Academy of Sciences. It is a high-tech enterprise transformed from low-temperature engineering technology achievements. The company's business covers low-temperature system design, manufacturing, and operation, and it is an integrated service provider in the fields of energy equipment, gas engineering, and green gas. With the expanding applications of liquid hydrogen, green hydrogen, and low-temperature equipment, the company's role in the hydrogen energy industry chain is expected to be further strengthened.

Today, the MLCC concept sector was active once again. In terms of news, according to the Hubei Jiangcheng Laboratory, the lab recently made a major breakthrough in key capacitor technology, successfully developing a three-dimensional multilayer on-chip capacitor with a capacitance density exceeding 1,000 nanofarads per square millimeter. The AI wave is driving the volume growth of high-end MLCCs, and high-end MLCC ceramic powders are expected to see increases in both volume and price. A research report from Zhongtai Securities stated that due to the complex power supply architecture and increasing GPU power consumption of AI servers, the number of MLCCs used per rack has surged from around 2,000 in traditional servers to hundreds of thousands.

In July, expectations for US Fed interest rate cuts once again became the core influencing factor for gold price trends (rising expectations for interest rate cuts in the first half of the month had a bullish impact, while cooling expectations in the second half had a bearish impact).