On August 12, "Qu Shui Technology," a portfolio company invested in by the sub-fund managed by Yuanhe Chencun's mother fund—Shunwei Capital—officially listed on the ChiNext Board of the Shenzhen Stock Exchange, with stock code: 301336.

Qu Shui Technology's core business focuses on the research, design, production, and sales of high-quality, easy-to-assemble home furnishings, including furniture and home textiles. By precisely targeting its product audience, leveraging exceptional design and rigorous supply chain management, adopting a fast, efficient online sales model coupled with outstanding customer service, and integrating advanced information systems across every stage of the industry chain, the company has grown into one of China's most competitive and influential players in the home furnishings sector.

Since its establishment, Qushui Technology has adhered to the philosophy of technological innovation, proactively adapting to evolving consumer demands and continuously strengthening product development by integrating cutting-edge technology. This approach has enabled the company to build a distinctive competitive edge that sets it apart from traditional home furnishing enterprises. As of December 31, 2021, Qushui Technology had been granted a total of 194 patents, including 144 utility model patents and 50 design patents, with 77 new authorized patents added in 2021 alone. Meanwhile, as of February 28, 2022, the company had 49 patent applications pending, among which 11 were invention patents.

Qushui Technology has moved beyond the traditional home furnishing company model, adopting a unique business strategy centered around "hit products + efficient supply chain + online channels." This innovative approach enables the company to maintain high profit margins while operating with minimal assets and exceptional efficiency. More importantly, through robust supply chain management and streamlined operational processes, Qushui Technology places consumer needs at the heart of its product development, leveraging its strengths to consistently create best-selling items. As a result, its cost-effective, high-quality products have quickly gained widespread consumer trust—thanks in part to their rapid dissemination via internet-driven marketing channels.

This time, Qushui Technology successfully listed on the ChiNext Board, raising a total of 375 million yuan. The funds will be primarily allocated to projects including full-product line upgrades and marketing expansion, the construction of a home furnishing R&D center, the establishment of a digital management system, and the replenishment of working capital. With robust support from these initiatives and the capital markets, the company is poised to further strengthen its technological innovation capabilities and online channel advantages—key drivers that will effectively fuel its future growth.