耕田與打獵，中國停車第一股（0697.HK）的經營祕訣
7月30日，作為國產造車新勢力三強之一的理想汽車（美股代碼“LI”）正式登陸美股，這一被稱為繼愛奇藝在美國納斯達克進行24億美元IPO以來融資規模最大的IPO，由於認購火爆，公司提前結束了招股，整體上市時間比計劃提前了一天，同時其發行價亦高於原定的發行價上限，定為11.5美元。理想汽車上市首日股價上漲43%至16.46美元，市值達到139億美元已超過蔚來，相比上市前最後一輪融資的投後估值40.5億美元，即使是最後入場的股東，也已實現浮盈2倍以上。
而國內領先的停車資產管理機構首程控股（0697.HK）正是早已佈局的戰略投資者之一。據悉，接近首程控股的內部人士透露，首程控股於2018-2019年通過三支基金分別參與了理想汽車B2、B3和C輪融資，投資金額接近7億人民幣。保守估計已投資股權價值已實現近3倍的增長，以市場化基金對於超額收益普遍按GP與LP按二八比例的分配約定，預計在理想汽車的投資，將會給首程控股帶來億級的超額收益。
首程控股在理想汽車的戰略投資，不但為公司貢獻了鉅額回報，也為其基金投資贏得了市場聲譽，基金的品牌力和在投資圈的影響力將持續擴大。可見，首程控股除了在深耕停車資產管理業務獲得累累碩果外，股權投資業務亦是收穫頗豐，據公司年報和公開資料的介紹，首程控股的股權投資業務作為停車資產管理和城市更新資產管理兩大核心業務的重要補充，目前主要圍繞智慧出行、醫療健康、新材料等領域進行產業投資，除了理想汽車投資取得巨大成功之外，其投資的“八億時空”也已登陸A股科創板，投資回報率更是高達12倍，2019年通過收購京西創業，承接了首鋼基金過去十年間在投資領域所累積的寶貴經驗和方法論，進一步明確了公司股權投資業務的內涵和理念，即堅持“守正用奇，生態孵化”，深度參與產業整合，實現產業賦能。
總結來説，首程在股權投資業務頻頻“打獵”成功，獲得的巨大成功和影響力的投資案例將不斷擴大首程控股在出行產業投資中的“朋友圈“，與公司深耕的停車業務產生強大的協同效應。兩個業務將圍繞“出行”領域形成深度的交織融合，“智能電動車+自動駕駛+智慧泊車”將成為未來十年改變人類生活的出行方式，首程控股高屋建瓴的戰略規劃下，“耕田與打獵”協同發展的經營祕訣，將長期引導着公司以腳踏實地的堅定態度，向智慧出行的遠大前程奔赴。
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