兴业国企改革混合A连续3个交易日下跌，区间累计跌幅0.92%

Group 1 - The core point of the news is that the Xinyi State-Owned Enterprise Reform Mixed A Fund has experienced a decline of 0.25% on May 19, with a cumulative drop of 0.92% over three consecutive trading days, and its latest net value is 2.37 yuan [1] - The fund was established in September 2015, with a total scale of 190 million yuan and a cumulative return of 136.70% since inception [1] - As of the end of 2024, institutional investors hold 54 million shares, accounting for 50.61% of the total shares, while individual investors hold 53 million shares, accounting for 49.39% [1] Group 2 - The current fund manager, Liu Fangxu, has a master's degree and has held various positions in investment management firms since 2003, including roles as a researcher and analyst [2] - Liu has been the fund manager for several funds under Xinyi since joining in May 2015, including the Xinyi State-Owned Enterprise Reform Flexible Allocation Mixed Fund since December 2015 [2] Group 3 - As of March 31, 2025, the top ten holdings of the Xinyi State-Owned Enterprise Reform Mixed A Fund account for a total of 46.07%, with significant positions in companies such as Changjiang Electric Power (8.72%), Zijin Mining (7.58%), and China Merchants Bank (6.79%) [3]