Zhong Guo Ji Jin Bao·2025-10-22 07:35Group 1: Fund Performance and Holdings - The performance of the "Champion Fund" Yongying Technology Smart Selection has seen a remarkable increase, with a year-to-date return of nearly 195% and a unit net value growth of 194.49% in the first three quarters [1][3][9] - The fund's scale surged from 1.166 billion to 11.521 billion, marking a nearly tenfold increase in a single quarter [5] - The top three holdings of Yongying Technology Smart Selection are Xinyi Technology, Zhongji Xuchuang, and Tianfu Communication, each with a market value exceeding 1 billion [2][3] Group 2: Investment Focus and Strategy - The fund primarily focuses on the global cloud computing industry, with significant investments in optical communication (CPO) and PCB sectors [2][6] - The fund maintains a high stock position, with over 91% of its portfolio in equities, indicating a strong bullish stance [2][7] - The manager emphasizes the importance of AI model value optimization and anticipates a rise in global AI computing power investments [6] Group 3: Pharmaceutical Sector Insights - The Longcheng Pharmaceutical Industry Selection fund has also performed well, achieving a 102.02% return in the first three quarters, qualifying it as a "doubling fund" [9] - The fund's scale increased from 1.132 billion to 1.790 billion, reflecting a nearly 60% growth in a single quarter [9] - The fund's strategy focuses on enhancing holdings in non-tumor areas and balancing the selection of stocks based on global competitiveness and market potential [9]