嘉实科技创新近三年跑赢基准超54%，基金经理王贵重或受益薪酬改革，一季报盛赞科技领域“日新月异”

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has implemented a new action plan to promote the high-quality development of public funds, linking fund manager compensation to long-term performance, which shifts the industry focus from "scale expansion" to "performance-oriented" strategies [1]. Group 1: Policy Impact - The new policy emphasizes the importance of fund managers' long-term performance, potentially leading to a transformation in the industry dynamics [1]. - Wang Guizhong, a prominent fund manager at Harvest Fund, has gained attention for his investment framework that focuses on "information, energy, and life," targeting key technology sectors such as semiconductors, digitalization, and new energy [1]. Group 2: Performance Metrics - As of Q1 2025, Wang Guizhong manages seven funds with a total scale of 11.076 billion yuan, with his flagship product, Harvest Technology Innovation, achieving a remarkable three-year return of 41.76%, significantly outperforming its benchmark by over 54% [1]. - The Harvest Technology Innovation fund has consistently ranked among the top in its category, with a five-year return of 92.56%, and has outperformed its benchmark by 99% over the same period [3]. Group 3: Investment Strategy - The top ten holdings of the Harvest Technology Innovation fund include major companies in semiconductors (SMIC, Jiangfeng Electronics), new energy vehicles (Li Auto, Leap Motor), and high-end manufacturing (Luxshare Precision), indicating a concentrated investment strategy in high-growth sectors [3][4]. - Wang Guizhong highlights the rapid advancements in China's technology sector and the potential for new investment opportunities, despite external pressures such as tariffs [5]. Group 4: Future Outlook - The new compensation structure linked to performance is expected to enhance Wang Guizhong's competitive edge, as his in-depth industry research and forward-looking investment approach align with the policy direction [5]. - The high volatility characteristic of the technology sector poses challenges for fund managers in balancing the pursuit of excess returns with growth in fund size, which will be a critical issue moving forward [5].