仅2成基金经理连年正收益，刘元海重仓AI三年夺冠，收益超460%！

Core Insights - The sustainability of fund managers' performance is a crucial measure of their investment capability, risk control, and the effectiveness of their investment systems [1] - The A-share market has seen a shift in dynamics over the past seven years, with small-cap stocks gaining prominence and technology and dividend sectors becoming focal points [1] Group 1: Fund Manager Performance - In the period from 2023 to 2025, there are 3,063 fund managers with performance data, of which 1,070 have achieved consecutive positive returns, representing 34.93% [1] - The top 20 fund managers for cumulative returns from 2023 to 2025 have a minimum return threshold of 76.6% [1] - Liu Yuanhai from Dongwu Fund leads with a return of 164.97%, maintaining over 30% returns since 2023 [5] Group 2: Fund Manager Rankings - The top five fund managers by returns include Liu Yuanhai (Dongwu Fund), Gong Zheng (Zhongyou Fund), Di Xinghua (Guohai Franklin Fund), Wang Haichang (Noan Fund), and Lei Tao (Debang Fund) [2] - Liu Yuanhai manages approximately 6.4 billion yuan across five funds, focusing on technology sectors such as AI and semiconductors [5] - The top fund managers from 2021 to 2025 include Miao Weibin (Jinyuan Shun'an Fund), Guo Fanding (CITIC Prudential Fund), Zhou Jing (Huabao Fund), Song Qing (Noan Fund), and Zhang Qisi (Southern Fund) [6] Group 3: Cumulative Returns - Miao Weibin from Jinyuan Shun'an Fund achieved a cumulative return of 461.69% from 2019 to 2025, managing around 1.3 billion yuan with only one fund [14][15] - The top 20 fund managers from 2019 to 2025 have a minimum return threshold of 37.53% [11] - Zhou Jing from Huabao Fund has the largest management scale among the top five from 2021 to 2025, managing approximately 19 billion yuan across 12 funds [10]