
Group 1 - The core viewpoint is that Glacier Network's stock has experienced a significant decline, with a 5.08% drop on September 4, leading to a total market value of 8.851 billion yuan and a cumulative decline of 12.9% over four consecutive days [1] - Glacier Network, established on January 21, 2008, and listed on August 18, 2016, primarily develops large-scale multiplayer online games based on its proprietary engine technology, with 99.32% of its revenue coming from online game recharge [1] - The stock's trading volume on September 4 was 523 million yuan, with a turnover rate of 8.11% [1] Group 2 - According to data, Huabao Fund holds a significant position in Glacier Network, with its Huabao Wanwu Internet Mixed A fund reducing its holdings by 130,000 shares in the second quarter, now holding 98,900 shares, which represents 3.56% of the fund's net value [2] - The fund has incurred a floating loss of approximately 199,800 yuan today, with a total floating loss of 582,500 yuan during the four-day decline [2] - Huabao Wanwu Internet Mixed A fund, established on June 30, 2015, has a current scale of 83.933 million yuan and has achieved a year-to-date return of 73.63% [2]