Core Viewpoint - The AI Fund Guojin Hongli Quantitative Stock Selection Mixed A (024385) reported a profit of 4.2903 million yuan for Q4 2025, with a weighted average profit per fund share of 0.0116 yuan, indicating a stable performance in a challenging market environment [1] Fund Performance - The fund's net value growth rate for the reporting period was 0.74%, with a total fund size of 312 million yuan as of the end of Q4 [1] - As of January 23, the unit net value was 1.051 yuan, reflecting a positive trend in fund valuation [1] Fund Manager Insights - The fund manager, Ma Fang, oversees seven funds, with the Guojin Quantitative Multi-Factor A achieving the highest one-year cumulative net value growth rate of 70.06%, while the Guojin Quantitative Multi-Strategy A recorded the lowest at 49.44% [1] - The fund management indicated that during the reporting period, the fund was in a closed period at certain times, adhering to a steady investment rhythm driven by quantitative models based on market conditions [1] Top Holdings - As of the end of Q4 2025, the fund's top ten holdings included Agricultural Bank of China, Gree Electric Appliances, Nanjing Bank, Tangshan Port, Guangdong Expressway A, Shandong Expressway, Phoenix Media, Shanghai Electric, TBEA Co., and Anhui Expressway [1]

Group 1 - The State Intellectual Property Office of China has granted a patent to Zhuhai Gree Electric Appliances Co., Ltd. and Zhuhai Lianyun Technology Co., Ltd. for a technology related to "log sending methods, devices, computer equipment, and storage media" with the authorization announcement number CN119729432B, applied on December 2024 [1] - Zhuhai Gree Electric Appliances Co., Ltd. was established in 1989, located in Zhuhai City, primarily engaged in the manufacturing of electrical machinery and equipment, with a registered capital of 6,015.73 million RMB. The company has invested in 98 enterprises, participated in 5,000 bidding projects, and holds 5,000 trademark and patent information, along with 908 administrative licenses [1] - Zhuhai Lianyun Technology Co., Ltd. was founded in 2018, also located in Zhuhai City, focusing on software and information technology services, with a registered capital of 50 million RMB. The company has participated in 9 bidding projects, holds 4,607 patent information, and has 14 administrative licenses [1]

Group 1 - The State Intellectual Property Office of China has granted a patent for a "heat pump system and control method" to Zhuhai Gree Electric Appliances Inc. and Guochuang Energy Internet Innovation Center (Guangdong) Co., Ltd. The patent authorization announcement number is CN119554797B, with an application date of December 2024 [1] - Zhuhai Gree Electric Appliances Inc., established in 1989 and located in Zhuhai, primarily engages in the manufacturing of electrical machinery and equipment. The company has a registered capital of 6,015.73 million RMB. It has invested in 98 enterprises, participated in 5,000 bidding projects, and holds 5,000 trademark and patent information records, along with 908 administrative licenses [1] - Guochuang Energy Internet Innovation Center (Guangdong) Co., Ltd., founded in 2019 and also based in Zhuhai, focuses on internet and related services. The company has a registered capital of 100 million RMB. It has invested in 1 enterprise, participated in 13 bidding projects, and holds 485 patent information records, along with 9 administrative licenses [1]

Group 1 - The State Intellectual Property Office of China has granted a patent to Gree Electric Appliances (Wuhan) Co., Ltd. and Zhuhai Gree Electric Appliances Co., Ltd. for a device called "a stacking device and production equipment containing it," with the announcement number CN117326336B and application date of August 2023 [1] - Gree Electric Appliances (Wuhan) Co., Ltd. was established in 2010, located in Wuhan, primarily engaged in the manufacturing of computers, communications, and other electronic devices, with a registered capital of 100 million RMB [1] - The company has participated in 58 bidding projects and holds 2,105 patent records, along with 93 administrative licenses [1] Group 2 - Zhuhai Gree Electric Appliances Co., Ltd. was founded in 1989, located in Zhuhai, primarily involved in the manufacturing of electrical machinery and equipment, with a registered capital of approximately 6,015.73 million RMB [1] - The company has made investments in 98 enterprises, participated in 5,000 bidding projects, and has 5,000 trademark records and 5,000 patent records, in addition to 908 administrative licenses [1]

Group 1 - The State Intellectual Property Office of China has granted a patent to Zhuhai Gree Electric Appliances Co., Ltd. and Zhuhai Lianyun Technology Co., Ltd. for a method and device for equipment management, with the patent announcement number CN119892541B and an application date of December 2024 [1] - Zhuhai Gree Electric Appliances Co., Ltd. was established in 1989, located in Zhuhai City, primarily engaged in the manufacturing of electrical machinery and equipment, with a registered capital of 6,015.73 million RMB [1] - Zhuhai Gree Electric Appliances has invested in 98 companies, participated in 5,000 bidding projects, and holds 5,000 trademark and patent information records, along with 908 administrative licenses [1] - Zhuhai Lianyun Technology Co., Ltd. was founded in 2018, also located in Zhuhai City, focusing on software and information technology services, with a registered capital of 50 million RMB [1] - Zhuhai Lianyun Technology has participated in 9 bidding projects, holds 4,607 patent information records, and has 14 administrative licenses [1]

Core Viewpoint - Gree Electric Appliances (000651) announced on January 23 that as of September 30, 2025, the total number of shareholders will be 575,123. The company will fulfill its disclosure obligations in subsequent regular reports, such as the 2025 annual report [1]. Group 1 - The total number of shareholders for Gree Electric Appliances is projected to reach 575,123 by September 30, 2025 [1]. - The company commits to complying with legal and regulatory disclosure requirements in future reports [1].

Group 1 - The State Intellectual Property Office of China has granted a patent to Zhuhai Gree New Energy Electronics Co., Ltd. and Zhuhai Gree Electric Appliances, Inc. for "Electrolytic Capacitor Electrolyte and Its Preparation Method and Capacitor Using It," with the announcement number CN116153668B and application date of November 2022 [1] - Zhuhai Gree New Energy Electronics Co., Ltd., established in 1988, is primarily engaged in the manufacturing of computers, communications, and other electronic devices, with a registered capital of 126.18 million RMB [1] - Zhuhai Gree New Energy Electronics Co., Ltd. has made investments in 2 companies, participated in 45 bidding projects, holds 320 patents, and possesses 30 administrative licenses [1] - Zhuhai Gree Electric Appliances, Inc., founded in 1989, focuses on the manufacturing of electrical machinery and equipment, with a registered capital of 6015.73 million RMB [1] - Zhuhai Gree Electric Appliances, Inc. has invested in 98 companies, participated in 5000 bidding projects, has 5000 trademark records, 5000 patents, and holds 908 administrative licenses [1]

Group 1 - The State Intellectual Property Office of China has granted a patent titled "Navigation Method, Device, Electronic Equipment and Storage Medium" to Zhuhai Gree Electric Appliances Inc. and Zhuhai Lianyun Technology Co., Ltd., with the announcement number CN116007630B and application date in December 2022 [1] - Zhuhai Gree Electric Appliances Inc., established in 1989, is primarily engaged in the manufacturing of electrical machinery and equipment, with a registered capital of 6,015.73 million RMB. The company has invested in 98 enterprises and participated in 5,000 bidding projects, holding 5,000 trademark and patent records, along with 908 administrative licenses [1] - Zhuhai Lianyun Technology Co., Ltd., founded in 2018, focuses on software and information technology services, with a registered capital of 50 million RMB. The company has participated in 9 bidding projects and holds 4,598 patent records, in addition to 14 administrative licenses [1]

Group 1 - The white goods sector experienced a decline of 1.43% on January 23, with Gree Electric leading the drop [1] - The Shanghai Composite Index closed at 4136.16, up 0.33%, while the Shenzhen Component Index closed at 14439.66, up 0.79% [1] - Major stocks in the white goods sector showed mixed performance, with Aokema rising by 2.20% and Gree Electric falling by 1.05% [1] Group 2 - The net outflow of main funds in the white goods sector was 212 million yuan, while retail investors saw a net inflow of 391 million yuan [1] - Detailed fund flow data indicates that Midea Group had a net outflow of 1.67 billion yuan from main funds, while Haier Smart Home saw a net inflow of 72.47 million yuan [2] - Gree Electric had a significant net outflow of 3.81 billion yuan from main funds, indicating a strong selling pressure [2]

Core Insights - Zhuhai Gree Electric Appliances Co., Ltd. and Zhuhai Lianyun Technology Co., Ltd. have obtained a patent for "Intelligent Home Device Command Processing Method, Device, Equipment, and Intelligent Home System," with the authorization announcement number CN118938697B, applied on July 2024 [1] Company Overview - Zhuhai Gree Electric Appliances Co., Ltd. was established in 1989 and is located in Zhuhai City, primarily engaged in the manufacturing of electrical machinery and equipment. The company has a registered capital of 6,015.73 million RMB [1] - The company has invested in 98 enterprises, participated in 5,000 bidding projects, and has 5,000 trademark and patent information records, along with 908 administrative licenses [1] - Zhuhai Lianyun Technology Co., Ltd. was established in 2018 and is also located in Zhuhai City, focusing on software and information technology services. The company has a registered capital of 50 million RMB [1] - The company has participated in 9 bidding projects, holds 4,596 patent information records, and has 14 administrative licenses [1]