M&G(SH:603899) Xin Lang Cai Jing·2025-08-28 07:21Group 1 - The core viewpoint of the news is that Morning Glory Co., Ltd. has experienced a decline in stock price, with a cumulative drop of 5.68% over three consecutive days, leading to a current stock price of 30.54 yuan per share and a total market capitalization of 28.126 billion yuan [1] - Morning Glory Co., Ltd. was established on July 18, 2008, and listed on January 27, 2015. The company specializes in the design, research and development, manufacturing, and sales of writing tools, student stationery, and office stationery [1] - The main business revenue composition of Morning Glory includes: direct office sales 56.70%, office stationery 14.86%, student stationery 13.27%, writing tools 10.51%, other products 4.41%, and franchise management fees 0.00% [1] Group 2 - From the perspective of fund holdings, one fund under Rongtong Fund has a significant position in Morning Glory Co., Ltd. The Rongtong New Consumption Flexible Allocation Mixed Fund (002605) held 48,500 shares in the second quarter, accounting for 6.69% of the fund's net value, making it the second-largest holding [2] - The Rongtong New Consumption Flexible Allocation Mixed Fund (002605) was established on May 27, 2016, with a latest scale of 21.0162 million yuan. The fund has achieved a return of 12.1% this year, ranking 5039 out of 8191 in its category [2] - The fund manager, Li Ruihong, has been in position for 1 year and 167 days, while the other manager, Guan Shan, has been in position for 9 years and 89 days, managing a total asset scale of 1.085 billion yuan [3]