中欧科技战队多只产品排名领先，工业化投研体系显成效

Core Viewpoint - The technology sector has become a focal point in the market this year, with significant performance gains driven by policy and technological advancements [1] Group 1: Market Performance - As of the end of September, the ChiNext Index and the Sci-Tech Innovation 50 Index have both seen year-to-date increases exceeding 50%, marking new highs in nearly three and four years respectively [1] - The strong performance of technology-themed funds is highlighted, with multiple products under the China Europe Fund's technology team showing outstanding past performance [1] Group 2: Policy and Technological Drivers - Recent policies such as the "1+6" new regulations for the Sci-Tech Innovation Board and the "Artificial Intelligence+" action plan reflect the government's commitment to encouraging technological innovation [1] - Accelerated iterations of AI large model technologies and the growth of computing infrastructure and intelligent driving sectors are expected to yield substantial returns for investors who strategically position themselves [1] Group 3: Fund Performance - The China Europe Digital Economy A fund, managed by Feng Ludan, ranks first among 59 TMT and information technology sector equity funds over the past year [2] - The China Europe Intelligent Manufacturing A fund, managed by Shao Jie, has shown exceptional profitability, ranking in the top 2% over the past year and the top 1% over the past three years [2] - Other funds managed by Liu Weiwei and Zhong Ming also demonstrate strong performance, with their respective funds ranking in the top 9% and 6% of their categories [2] Group 4: Team Collaboration and Research - The success of the China Europe technology team is attributed to their proactive identification of industry opportunities and effective collaboration [3] - The team has developed a comprehensive "interrelationship table" covering the entire industry chain, which aids in investment decision-making [3] - Feng Ludan identified a key shift in the AI industry from research-driven to commercialization-driven, sharing insights with the team to focus on investment opportunities in the optical module sector [3] Group 5: Specialized Expertise - Each team member specializes in different segments, contributing unique insights to the overall research process [4] - The team leader, Du Houliang, emphasizes the rapid advancement of multimodal large model capabilities and their implications for domestic applications [4] - Other team members express optimism about the growth potential in various AI applications, including AI hardware and intelligent driving [5][6] Group 6: Research and Investment Framework - The China Europe technology team's strong performance is supported by a well-established "industrialized" research and investment system that promotes deep research in niche areas [7] - The collaborative model allows researchers and fund managers to work as partners, enhancing the depth of analysis and investment strategies [7] - The analysis of the optical module investment exemplifies the team's collective effort in establishing critical signals within a complex industry chain [7]