Core Viewpoint - The recent rise in the Shanghai Composite Index has led to a recovery in many actively managed equity funds established in 2021, with over 170 funds returning to positive net asset values as of August 13, 2023, and an average return exceeding 20% this year, outperforming the overall market average [1][2][3] Fund Performance - More than 170 of the 600+ actively managed equity funds established in 2021 have achieved positive returns, with over 98% of products gaining positive returns this year [2] - Notable performers include the Huaxia North Exchange Innovation Small and Medium Enterprises Fund, which has a total return of 137.21%, and several other funds with returns exceeding 80% [2] - Funds focused on AI computing power, such as E Fund Pioneer Growth A and E Fund Vision Growth A, have also shown strong performance, with returns over 80% this year [3] Redemption Pressure - Despite the recovery, many funds are facing significant redemption pressures, particularly as their net asset values approach 1 yuan, leading to concentrated redemption behaviors [3][4] - For instance, the Jiashi Hong Kong Stock Advantage Fund saw its shares drop from 64.34 billion to 49.44 billion due to nearly 15 billion shares being redeemed in a single quarter [4] Market Trends - The current redemption pressure is notably concentrated in sectors such as new energy, liquor, and pharmaceuticals, aligning with the "track-based" funds issued between 2019 and 2021 [5] - The market is transitioning from a rebound to a reversal, with the previous trend of "rising but facing redemptions" weakening, and new fund issuance is accelerating [6] Fundraising and New Issuance - As of August 13, 2023, newly established actively managed equity funds have raised over 60 billion yuan this year, with several products exceeding 10 billion yuan in initial offerings [6] - The issuance of traditional fee-based actively managed equity funds has rebounded to around 10 billion yuan in July, indicating a recovery in fundraising [6] Future Outlook - The redemption funds are likely to flow into financial assets, with a preference for higher-risk products such as public funds, stocks, and margin trading, while some may also move into lower-risk insurance products [7]

Group 1 - The stock price of Tianfu Communication closed at 110.19 yuan on August 14, down by 7.01 yuan, a decrease of 5.98% [1] - The trading volume on that day was 350,739 hands, with a transaction amount of 3.937 billion yuan, and the price fluctuation was 4.21% [1] - Tianfu Communication operates in the communication equipment industry, focusing on the research, production, and sales of optical communication devices [1] Group 2 - The company's products are primarily used in fiber-to-the-home, data centers, and 5G communication sectors [1] - On August 14, the net outflow of main funds for Tianfu Communication was 294 million yuan, accounting for 0.34% of the circulating market value [1] - However, over the past five days, the main funds showed a net inflow of 585 million yuan, representing 0.68% of the circulating market value [1]

格隆汇8月14日｜天孚通信公告，股东朱国栋通过询价转让方式减持公司股份990万股，占公司总股本的 1.27%，减持价格为88.55元/股，交易金额为8.77亿元。此次权益变动后，朱国栋持股比例由8.26%降至 6.99%。此次减持不会导致公司控股股东及实际控制人发生变化，也不会对公司治理结构及持续经营产 生重大影响。 ...

天孚通信公告，股东朱国栋通过询价转让方式减持公司股份990万股，占公司总股本的1.27%，减持价 格为88.55元/股，交易金额为8.77亿元。此次权益变动后，朱国栋持股比例由8.26%降至6.99%。此次减 持不会导致公司控股股东及实际控制人发生变化，也不会对公司治理结构及持续经营产生重大影响。 ...

证券代码：300394 证券简称：天孚通信 公告编号：2025-030 苏州天孚光通信股份有限公司 股东询价转让结果报告书暨持股 5%以上股东持有权益变动 触及 1%整数倍的提示性公告 股东朱国栋保证向苏州天孚光通信股份有限公司提供的信息内容不存在任何 虚假记载、误导性陈述或者重大遗漏，并对其真实性、准确性和完整性依法承担 法律责任。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 1、本次权益变动主体为持有苏州天孚光通信股份有限公司（以下简称"天 孚通信"或"公司"）持有 5%以上股份的股东朱国栋（以下简称"出让方""信 息披露义务人"）。本次权益变动方式为询价转让，本次权益变动后，出让方拥 有权益的股份占公司总股本的比例由 8.26%下降至 6.99%（以下简称"本次权益 变动"），权益变动触及 1%的整数倍； 2、出让方不属于公司控股股东、实际控制人、董事、监事及高级管理人员， 本次权益变动不会导致公司控股股东及实际控制人发生变化，不会对公司治理 结构及持续经营产生重大影响； 3、本次询价转让为非公开转让的询价转让方式，不会通过集中竞价交易方 式或大宗交易方式进行，不 ...

华泰联合证券有限责任公司 关于苏州天孚光通信股份有限公司股东 向特定机构投资者询价转让股份的核查报告 深圳证券交易所： 华泰联合证券有限责任公司（以下简称"华泰联合证券"或"组织券商"） 受委托担任朱国栋（以下简称"出让方"）以向特定机构投资者询价转让（以 下简称"询价转让"）方式减持所持有的苏州天孚光通信股份有限公司（以下 简称"公司"或"天孚通信"）首次公开发行前已发行股份的组织券商。 经核查，华泰联合证券就本次询价转让的出让方、受让方是否符合《深圳 证券交易所上市公司自律监管指引第16号——创业板上市公司股东询价和配售 方式转让股份（2025年修订）》（以下简称"《指引第16号》"）要求，本次 询价转让的询价、转让过程与结果是否公平、公正，是否符合《指引第16号》 的规定作出如下报告说明。 一、本次询价转让概况 （一）本次询价转让出让方 截至2025年8月8日出让方所持公司首发前股份情况具体如下： | 序号 | 股东名称 | 持股数量（股） | 占公司总股本比例 | | --- | --- | --- | --- | | 1 | 朱国栋 | 64,222,627 | 8.26% | （二）本次询价转让数 ...

据了解，中证高、低贝塔指数系列分别以各自母指数为样本空间，根据过去一年的贝塔值由高到低排 名，选取排名靠前与靠后的证券作为各自指数样本，并以各自样本的贝塔值或其倒数进行加权，以反映 沪深市场不同贝塔属性上市公司证券的整体表现。该指数以2004年12月31日为基日，以1000.0点为基 点。 从指数持仓来看，沪深300高贝塔指数十大权重分别为：国泰海通（13.31%）、新易盛（2.39%）、中 际旭创（2.18%）、同花顺（1.56%）、天孚通信（1.47%）、中国重工（1.33%）、中国船舶 （1.3%）、智飞生物（1.28%）、天齐锂业（1.27%）、寒武纪（1.22%）。 金融界8月14日消息，上证指数高开低走，沪深300高贝塔指数 (300高贝，000828)下跌0.76%，报 2613.17点，成交额2406.8亿元。 数据统计显示，沪深300高贝塔指数近一个月上涨7.95%，近三个月上涨15.34%，年至今上涨9.60%。 从沪深300高贝塔指数持仓的市场板块来看，上海证券交易所占比57.15%、深圳证券交易所占比 42.85%。 从沪深300高贝塔指数持仓样本的行业来看，工业占比25.63%、金融 ...

Group 1 - The CPO concept sector experienced a decline of 1.36% [1] - Jingwang Electronics fell by 4.31% [1] - Tianfu Communication decreased by 3.69% [1] - Huilv Ecology dropped by 3.67% [1] - Woge Optoelectronics, Laimu Co., and Founder Technology all saw declines exceeding 3% [1]

A股奇迹日！8月13日一开盘，沪指果断攻破去年10月8日高点3674点，盘中最高上探3688.63点，8连阳 续刷阶段新高！创业板指大涨3%，A股全天成交额超2.17万亿元，创年内次高。 "牛市旗手"随即启动，长城证券直线涨停，国盛金控两连板，"券茅"东方财富全天成交额超200亿元， 居A股断层首位。顶流券商ETF（512000）场内一度上探逾2.5%，量能激增至18.46亿元，彰显高人气。 | 名称 | 序号 代码 | 两日图 现价 涨跌 涨跌幅 ▼ | | --- | --- | --- | | 1 159363 创业板人工智能ETF __ 0.684 0.037 5.72% | | | | 2 520880 | | 港股通创新药ETF | | 3 513770 港股互联网ETF | | 1.160 0.041 3.66% | | ব 双创龙头ETF | 588330 | 0.663 0.019 2.95% | | 5 515260 电子ETF | | 2.51% | 行业板块方面，人工智能强势逼空，表现亮眼！AI硬件端，光模块龙头满屏新高，创业板人工智能ETF （159363）强势突破，场内价格劲涨5. ...

周三（8月13日），AI硬件抱团走强，创业板人工智能单日大涨超5.5%连破新高，领跑同类AI指数！光 模块龙头集体新高，新易盛大涨超15%、中际旭创大涨超11%、天孚通信涨超9%皆创历史新高！年内行 情看，新易盛、中际旭创股价均已实现翻倍增长，区间累计涨幅分别为187.7%、104.85%。 | 序号 | મદિરને | 名称 | 现价 | 涨跌幅 ▼ | 历交致 | | --- | --- | --- | --- | --- | --- | | 1 | 300620 | 光库科技 | 79.30 | 20.01% | 22.04亿 | | 2 | 300502 | 新易盛 | 236.56 | 15.45% | 135.29亿 | | 3 | 300308 | 中际旭创 | 252.00 | 11.66% | 132.74亿 | | ব | 300394 | 天孚通信 | 117.20 | 9.69% | 56.55 Z | | ਦ | 300570 | 太辰光 | 135.00 | 6.64% | 34.83亿 | | 6 | 300548 | 长芯博创 | 97.47 | 5.28% | 26.90亿 ...