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外 Waitan Ludi Policy Terminal China industrial-policy monitor · updated 2026-10-25

Follow the instrument, entity and outcome

Reviewed 2026-10-24 · Selected cases across charging, medical devices and machine tools.

Evidence stages · Activity and intensity · Procurement and selection · Equity participation · Download evidence and 33 typed relationships

Procurement consideration, equity investment and grants are distinct instruments. There is no combined “support received” total. No new grant-to-bank-receipt match was established.

New: twenty project evidence chains — original tender packs, grant implementation and open stages

What is established, and what is still open?

Bounded case / instrumentEstablished evidenceUnresolved stage
Shanghai charging, 2024 / 2024Q4–2025Q1
Operating support
Consultation reconciled exactly to an issued allocation. Proposal kWh and rates checked.Final entity distribution, remittances and taxi-user pass-through. No new payment or recovery document.
Shenzhen cultivation, 2023 first batch
Grant proposal
Selected firms and USCCs in original proposal annex. Manufacturer reference found for 达科为 in a separate procurement schedule.Final cultivation award and receipt. Procurement schedule has a later cancellation lead awaiting the primary correction.
科德 grant receipts / provincial programme
Grants
Issuer-reported financial measures and accounting continuity.Exact administrative project awards, precise receipt attribution and onward distribution. Equity issuance does not close these grant gaps.
科德 2024 private placement
Equity
11 cash subscriptions; share and gross/net controls; later sponsor share-allocation confirmation. Two investors explicitly described as state-controlled.Independent ownership verification, full public-fund look-through, underlying auditor reports and any concessionality assessment.
粤东技师学院 GPCGD251156HG278F
Procurement
Original award, 21 goods lines, six bidder records and one SME eligibility exclusion.Original contract, acceptance and payment. Brand-to-legal-manufacturer and supplier ownership links.
Guangdong NEV advances and offsets
Budget adjustments
Earlier gross advances reconcile to later offsets; negative net instructions preserved.Actual disbursement and completed recovery. Negative entries do not establish penalties or repayment.

A missing stage means it has not been established here; it does not establish non-publication or non-payment. Original firm cases · Allocation and accounting checks

Shanghai: support per eligible kWh

1,168 original proposal rows rechecked: 672 basic-support rows across 336 firms and 496 star-support rows across 124 firms. Every row's eligible kWh × rate reconciles to its amount, rounded to cents; both component totals reconcile to the published controls.

Basic and star denominators can overlap. Do not add them. Rates below are component-specific proposal amounts divided by eligible kWh, not firm revenue, realised receipts or subsidy dependence. Taxi monthly-card support and platform service costs are excluded.

Selected legal entityComponentEligible kWhProposed yuanWeighted yuan / eligible kWh
上海上汽安悦充电科技有限公司basic38,276,0022,764,087.650.072215
万帮之星新能源科技(上海)有限公司basic142,639,07113,866,197.600.097212
上海特来电新能源有限公司basic253,626,00922,737,494.350.089650
上海上汽安悦充电科技有限公司star10,801,2913,240,387.300.300000
万帮之星新能源科技(上海)有限公司star108,764,10445,673,176.000.419929
上海特来电新能源有限公司star139,592,92655,820,090.400.399878

Differences reflect the published facility and star-category mix. Zero-activity cells are retained; they do not identify rejected applications. The later allocation matches the programme total, without individually finalising every proposal row.

Original four-table annex · Selected component CSV · All 1,168 activity rows CSV

Procurement: supplier, brand and manufacturer

广东省粤东技师学院 · GPCGD251156HG278F

13 October 2025 award: 5,810,000.00 yuan to 浙江海天教育科技有限公司. All 21 goods lines sum to the package total. The eight lines branded 海天精工 sum to 4,871,800.00 yuan; this is part of the package, not an additional amount or established manufacturer revenue.

Brand references do not establish a contract with 宁波海天精工股份有限公司 or ownership of the supplier. Contract, acceptance and payment records remain unverified.

Original award · Saved source · Goods-line CSV

Goods, prices and quantities
Item / productBrand / modelQuantityUnit price, yuanLine total, yuan
1-1 · 数控加工中心海天精工
VMC850HS PLUS
2.0000(套)303,000.00606,000.00
1-2 · 数控加工中心海天精工
CFV1100
1.0000(套)541,300.00541,300.00
1-3 · 数控车海天精工
HTC200ⅡX360
1.0000(套)275,000.00275,000.00
1-4 · 数控加工中心海天精工
VMC850HS PLUS
1.0000(套)303,000.00303,000.00
1-5 · 数控仿真平台海天精工
HT-NCSA
4.0000(套)147,125.00588,500.00
1-6 · 冷水机统益
HTC-05EA
2.0000(台)8,900.0017,800.00
1-7 · 模温机统益
HTMC-9EWG
2.0000(台)8,900.0017,800.00
1-8 · 粉碎机统益
HTGS260
2.0000(台)11,900.0023,800.00
1-9 · 实训教学资源海天精工
定制
4.0000(套)40,000.00160,000.00
1-10 · 桁架机器人(含机械臂和导轨)海天精工
HT-HJR-01
1.0000(套)1,638,000.001,638,000.00
1-11 · 机械臂海天精工
HT-RB-01
2.0000(套)380,000.00760,000.00
1-12 · AI云管理服务器/教师端联想
ThinkStation P368-C3F101
1.0000(套)19,000.0019,000.00
1-13 · 学生云终端联想
ThinkCentre M760e-L026
100.0000(套)7,550.00755,000.00
1-14 · 电脑桌高的
XST-9110
25.0000(套)1,745.0043,625.00
1-15 · 讲台高的
CC1000
1.0000(套)2,340.002,340.00
1-16 · 投影仪宝视来
A42U
1.0000(套)7,640.007,640.00
1-17 · 投影幕布冠叶
W-100
1.0000(套)945.00945.00
1-18 · 交换机拓轩
S5300-48G-6TF-EI-V2
1.0000(台)13,460.0013,460.00
1-19 · 交换机拓轩
S5000-48G-4TF-EI
1.0000(台)5,830.005,830.00
1-20 · 机柜图腾
W26415
1.0000(套)1,460.001,460.00
1-21 · 工具库(含工具车及辅助工具)耀天
定制
1.0000(套)29,500.0029,500.00

Selection evidence includes unsuccessful bidders

The award records six bidders. Five passed eligibility; one was excluded because this package was reserved for SMEs. This is a procurement eligibility finding for this lot, not a grant rejection, penalty or finding of misconduct.

BidderEligibility findingTotal score
浙江海天教育科技有限公司通过96.26
佛山华数机器人有限公司通过52.29
佛山先拓三维科技有限公司通过44.46
佛山乾智教育科技有限公司通过40.51
黑龙江枫雪商贸有限公司通过40.43
中国移动通信集团广东有限公司汕头分公司不通过资格性审查,原因是:本采购包专门面向中小企业采购评审不通过—

Medical-device identity link with a supersession flag

The original NMGZCS-G-H-241127 schedule names 达科为(深圳)医疗设备有限公司 as manufacturer of item 1-8, cs500+dp260, valued at 330,000.00 yuan. The named supplier is 内蒙古助康药业集团有限责任公司. This matches the manufacturer's legal name in the earlier cultivation proposal; it does not confirm receipt of that grant.

Current award status unresolved. A later indexed secondary notice reports cancellation. The official correction has not been obtained; this item is excluded from realised-procurement assertions. The annex's publication date is not established from its file-storage path.

Original schedule, PDF page 2 · Saved annex and limitation · Secondary correction lead — unverified against original

科德: equity subscriptions and public participation

科德数控股份有限公司 reported 11 cash subscriptions at 70.38 yuan/share, totalling 599,999,986.62 yuan. Issuance costs of 11,996,589.45 yuan reconcile to net proceeds of 588,003,397.17 yuan. The issuer separately reports 590,999,986.82 yuan transferred to its accounts on 3 April after the underwriting deduction including tax; this differs from accounting net proceeds. Shares were registered on 15 April 2024; the 15 October lockup release is not another financing event.

Two investor profiles explicitly say 国有控股: 中国北方工业有限公司 and 银川市产业基金管理有限公司. Their subscriptions total 99,999,915.66 yuan. This is an issuer-classified subset, not a complete public-capital total. Other funds retain unresolved ownership classifications.

Equity consideration is not a grant or subsidy equivalent. No conclusion about concessional terms follows from participation. Auditor reports are cited in the issuer announcement; the underlying reports and bank records were not independently retrieved. A later sponsor opinion reproduces the eleven share allocations, corroborating the securities history rather than independently auditing cash.

Original allotment table, PDF page 7 · Sponsor follow-up, pages 2–3 · Saved issuance disclosure · Subscription CSV

Subscriber / identitySharesConsideration, yuanPublic classification evidence
工业母机产业投资基金(有限合伙)
USCC 91320594MAC4H9Q80U
2,131,287149,999,979.06Not established in this review
PDF page 7 row 1; investor profile page 8
国调二期协同发展基金股份有限公司
USCC 91110102MACPFWE774
1,420,85899,999,986.04Not established in this review
PDF page 7 row 2; investor profile page 8
中国北方工业有限公司
USCC 91110000100000307G
994,60069,999,948.00Issuer profile: 国有控股
PDF page 7 row 3; investor profile page 8
诺德基金管理有限公司
USCC 91310000717866186P
924,97865,099,951.64Not established in this review
PDF page 7 row 4; investor profile page 9
安徽中安高质贰号股权投资合伙企业(有限合伙)
USCC 91340100MAD7X4P90C
623,76143,900,299.18Not established in this review
PDF page 7 row 5; investor profile page 10
王格连440,46630,999,997.08Not established in this review
PDF page 7 row 6; investor profile page 10
银川市产业基金管理有限公司
USCC 91640100395515075L
426,25729,999,967.66Issuer profile: 国有控股
PDF page 7 row 7; investor profile page 10
深圳市达晨财智创业投资管理有限公司—江西赣江新区财投晨源股权投资中心(有限合伙)426,25729,999,967.66Not established in this review
PDF page 7 row 8; investor profile page 11
陕西金资基金管理有限公司
USCC 91610132MA6U0N1G53
426,25729,999,967.66Not established in this review
PDF page 7 row 9; investor profile page 11
江苏高投毅达绿色转型产业投资基金(有限合伙)
USCC 91320282MAD0DKFG2G
355,21424,999,961.32Not established in this review
PDF page 7 row 10; investor profile page 12
中国国际金融股份有限公司(资产管理)355,21424,999,961.32Not established in this review
PDF page 7 row 11; investor profile page 12

Method and scope

Discovery: 20 Brave queries plus 19 supplementary built-in queries. Shared Brave usage at review: 352/1,000; 648 remaining. Original successful and failed retrievals are retained. Wget obtained the award and equity originals; verified-TLS fallback recovered other notice pages.