Zhuzhou Kibing (SH:601636) Sou Hu Cai Jing·2025-10-27 23:31Core Insights - The best-performing fund managed by Fang Min in Q3 2025 is the Fortune China Securities 500 Index Enhanced (LOF) Y, with a quarterly net value increase of 22.92% [1][2]. Fund Performance Summary - The Fortune China Securities 500 Index Enhanced (LOF) Y fund has a scale of 4.6 billion yuan and an annualized return of 9.22%, with a Q3 increase of 22.75% [2]. - The fund manager, Fang Min, has achieved a cumulative return of 150.55% during his tenure managing the Fortune China Securities 500 Index Enhanced (LOF) A fund, with an average annualized return of 8.75% [2]. - Fang Min has made 252 adjustments to the heavy positions in his managed funds, with a success rate of 62.3% [2]. Heavy Position Adjustment Cases - Notable successful stock adjustments include: - Qibin Group: Purchased in Q4 2019, sold in Q4 2021, with an estimated return of 249.25% and a company performance growth of 214.96% [3][5]. - China Shenhua: Purchased in Q3 2021, sold in Q3 2024, with an estimated return of 87.59% and a company performance growth of 17.15% [5]. - Conversely, some stocks resulted in losses: - Robot: Purchased in Q2 2015, sold in Q4 2018, with an estimated return of -59.85% despite a company performance growth of 83.62% [4][5]. Additional Fund Information - The Fortune China Securities 500 Index Enhanced (LOF) C fund has a scale of 849 million yuan and a Q3 increase of 22.68% [2]. - The Fortune China Securities 1000 Index Enhanced (LOF) C fund has a scale of 392 million yuan and a Q3 increase of 20.69% [2].