Zheshang Securities(SH:601878) Xin Lang Cai Jing·2025-11-13 02:36Group 1 - The core viewpoint of the news is that Jinlang Technology's stock has seen a significant increase, with a rise of 5.81% to 84.86 CNY per share, and a total market capitalization of 33.784 billion CNY [1] - Jinlang Technology, established on September 9, 2005, specializes in the research, production, sales, and service of string inverters, with its main products being string inverters [1] - The revenue composition of Jinlang Technology includes grid-connected inverters at 47.97%, household photovoltaic power generation systems at 21.28%, energy storage inverters at 20.91%, new energy power production at 8.01%, and others at 1.83% [1] Group 2 - From the perspective of fund holdings, Zhejiang Merchants Securities Asset Management has a fund that heavily invests in Jinlang Technology, specifically the Zhejiang Merchants Zhijiang Phoenix ETF (512190), which held 22,700 shares in the third quarter, accounting for 3% of the fund's net value [2] - The Zhejiang Merchants Zhijiang Phoenix ETF (512190) was established on August 5, 2019, with a latest scale of 70.0671 million CNY, and has achieved a year-to-date return of 36.43% [2] - The fund has a one-year return of 30.73% and an overall return since inception of 153.74%, ranking 1253 out of 4216 and 969 out of 3951 in its category, respectively [2]