Caitong Securities(SH:601108) Xin Lang Cai Jing·2025-11-04 02:56Core Viewpoint - Juhe Materials has experienced a significant decline in stock price, dropping 5.08% on November 4, with a total market value of 13.472 billion yuan and a cumulative drop of 5.4% over three consecutive days [1] Company Overview - Juhe Materials Co., Ltd. is located in Changzhou, Jiangsu Province, and was established on August 24, 2015. The company went public on December 9, 2022. Its main business involves the research, production, and sales of new electronic pastes, with 99.83% of revenue coming from photovoltaic conductive silver paste and other products, while waste and other sales account for 0.17% [1] Fund Holdings - According to data from the top ten holdings of funds, one fund under Caitong Securities Asset Management holds a significant position in Juhe Materials. The Caitong Asset Management Zhenxiang Growth Mixed A Fund (016605) held 108,500 shares in the third quarter, representing 5.06% of the fund's net value, making it the eighth-largest holding. The estimated floating loss today is approximately 323,200 yuan, with a total floating loss of 363,300 yuan during the three-day decline [2] Fund Performance - The Caitong Asset Management Zhenxiang Growth Mixed A Fund was established on March 2, 2023, with a current scale of 136 million yuan. Year-to-date returns stand at 43.96%, ranking 1484 out of 8150 in its category. Over the past year, the fund has achieved a return of 44.62%, ranking 1432 out of 8043. Since its inception, the fund has returned 31.94% [2] Fund Manager Information - The fund manager of Caitong Asset Management Zhenxiang Growth Mixed A Fund is Chen Li, who has been in the position for 2 years and 356 days. The total asset scale under management is 176 million yuan, with the best fund return during the tenure being 31.86% and the worst being -26.36% [2]