RYC(SZ:003010) Xin Lang Cai Jing·2025-11-04 05:30Group 1 - The core point of the news is that Ruoyuchen's stock price has been declining for four consecutive days, with a total drop of 7.4% during this period, leading to a current price of 37.15 CNY per share and a market capitalization of 11.556 billion CNY [1] - Ruoyuchen Technology Co., Ltd. is based in Guangzhou, China, and was established on May 10, 2011, with its IPO on September 25, 2020. The company specializes in online agency operations, channel distribution, and brand planning [1] - The revenue composition of Ruoyuchen includes 45.75% from its own brands, 28.83% from agency operations, and 25.42% from brand management services [1] Group 2 - From the perspective of major fund holdings, Changxin Fund has a significant position in Ruoyuchen, with its Changxin Multi-Strategy Mixed A Fund increasing its holdings by 77,400 shares in the third quarter, now holding a total of 169,000 shares, which represents 3.55% of the fund's net value [2] - The Changxin Multi-Strategy Mixed A Fund has experienced a floating loss of approximately 339,600 CNY today and a total floating loss of 528,900 CNY during the four-day decline [2] - The fund was established on July 1, 2015, with a current size of 105 million CNY, and has achieved a year-to-date return of 29.46% and a one-year return of 37.48% [2]