FREEWON(SH:688678) Xin Lang Cai Jing·2025-09-02 03:57Core Viewpoint - Fuliwang Precision Electromechanical (China) Co., Ltd. experienced a 5.07% decline in stock price, closing at 26.80 CNY per share, with a market capitalization of 6.948 billion CNY as of September 2 [1] Company Overview - Fuliwang was established on May 18, 2006, and went public on December 23, 2020. The company specializes in the research, design, production, and sales of various springs, connectors, automotive sunroof components, and other hardware accessories [1] - The revenue composition of Fuliwang includes: 54.94% from 3C precision components, 17.12% from power tool components, 14.66% from automotive precision components, 7.89% from diamond wire and brass wire, 4.55% from other supplementary items, and 0.84% from general precision components [1] Shareholder Analysis - The top circulating shareholder of Fuliwang is the Guoshou Anbao Fund, which increased its holdings in the Guoshou Anbao Smart Life Stock A fund by 150,000 shares in Q2, now holding 3.1869 million shares, representing 1.23% of circulating shares. The estimated floating loss today is approximately 4.5572 million CNY [2] - Guoshou Anbao Smart Life Stock A fund was established on September 1, 2015, with a current size of 1.828 billion CNY. Year-to-date returns are 39.41%, ranking 787 out of 4222 in its category, while the one-year return is 82.63%, ranking 714 out of 3781. Since inception, the fund has returned 227.35% [2] Fund Performance - The fund manager of Guoshou Anbao Smart Life Stock A is Zhang Qi, who has a tenure of 15 years and 61 days. The total asset size of the fund is 2.317 billion CNY, with the best return during his tenure being 165.97% and the worst being -19.09% [3] Top Holdings - Guoshou Anbao Target Strategy Mixed Fund A reduced its holdings in Fuliwang by 137,300 shares in Q2, now holding 310,000 shares, which accounts for 4.03% of the fund's net value. The estimated floating loss today is around 443,400 CNY [4] - Guoshou Anbao Target Strategy Mixed Fund A was established on October 24, 2017, with a current size of 10.4 million CNY. Year-to-date returns are 40.11%, ranking 1460 out of 8184, while the one-year return is 80.82%, ranking 801 out of 7971. Since inception, the fund has returned 62.18% [4]