Zhongtai Securities(SH:600918) Xin Lang Cai Jing·2025-10-10 05:35Core Viewpoint - Kaiying Network's stock price dropped by 5% to 25.65 CNY per share, with a trading volume of 901 million CNY and a market capitalization of 54.8 billion CNY as of October 10 [1] Company Overview - Kaiying Network, established on January 3, 2000, and listed on December 7, 2010, is located in Shanghai, China. The company primarily engages in: 1) Game business: Development, operation, and distribution of mobile and web games 2) Platform business: Operation of web game platforms and mobile application distribution platforms [1] - The revenue composition of the company is as follows: - Mobile games: 73.03% - Information services: 25.47% - Web games: 1.50% - Other businesses: 0.00% [1] Fund Holdings - According to data from fund holdings, one fund under Zhongtai Securities Asset Management has a significant position in Kaiying Network. The Zhongtai Xingrui Prosperity Growth Mixed A Fund (018372) held 126,500 shares in the second quarter, accounting for 2.26% of the fund's net value, ranking as the tenth largest holding. The estimated floating loss today is approximately 170,800 CNY [2] - The Zhongtai Xingrui Prosperity Growth Mixed A Fund was established on July 18, 2023, with a latest scale of 41.08 million CNY. Year-to-date returns are 41.86%, ranking 2173 out of 8166 in its category; the one-year return is 31.2%, ranking 3158 out of 8014; and since inception, the return is 20.72% [2] Fund Manager Profile - The fund manager of Zhongtai Xingrui Prosperity Growth Mixed A Fund is Gao Lanjun, who has a cumulative tenure of 6 years and 114 days. The total asset size of the fund is 108 million CNY, with the best fund return during the tenure being 126.62% and the worst being 18.58% [3]