Recently, Henan Zhongke Qingneng Technology Co., Ltd. ("Zhongke Qingneng") announced the completion of its Pre-A++ round of financing, raising nearly RMB 500 million. This round was led by CDH Investments, with joint leadership from NIO Capital, China Reform Fund, and Kunpeng Capital, alongside participation from several other renowned investment institutions.
Founded in 2022, Zhongke Qingneng was co-founded by a fund controlled by the CGN Group and a platform company under the Hefei Energy Research Institute. It is a "hard-tech" enterprise centered on cryogenic technology, specializing in the R&D, manufacturing, and supply chain operation of cryogenic equipment such as hydrogen liquefiers, helium liquefiers, and cryogenic sensing systems. The core team originates from the CGN Group, Air Liquide, and the Institute of Plasma Physics of the Chinese Academy of Sciences. The company's cryogenic systems and products are widely applicable in fields such as controlled nuclear fusion, hydrogen energy, aerospace, quantum computing, and healthcare, with benchmark projects already successfully delivered. Notably, the company's independently developed 3kW@4.5K helium refrigerator is currently the largest domestically produced commercial helium refrigeration unit for the nuclear fusion field in China. It has been applied to the core system of the Comprehensive Research Facility for Fusion Technology (CRAFT), effectively breaking Western technological monopolies and ensuring the independence and controllability of China's nuclear fusion supply chain.
Llinks acting as legal counsel to CDH Investments, leveraged its extensive project experience in the nuclear fusion industry's investment and financing sector to facilitate this investment in Zhongke Qingneng. This project highlights Llinks' professional capabilities and exceptional value in serving national strategic emerging industries and supporting the growth of frontier technology enterprises.
Llinks Engagement Team
Selena She, Partner
Colin Shi, Partner
Joyce Zhang, Partner
