WXSJ(SH:603185) Xin Lang Cai Jing·2025-11-21 03:04Core Viewpoint - Hongyuan Green Energy's stock has experienced a significant decline, dropping 5.02% on November 21, with a total decrease of 14.93% over the past four days, indicating potential concerns regarding the company's performance and market sentiment [1]. Company Overview - Hongyuan Green Energy Co., Ltd. is located in Wuxi, Jiangsu Province, and was established on September 28, 2002. The company went public on December 28, 2018. Its main business involves the research, production, and sales of precision machine tools and monocrystalline silicon materials [1]. - The revenue composition of the company is as follows: 94.43% from the photovoltaic silicon industry chain, 3.64% from other supplementary businesses, and 1.93% from equipment and other operations [1]. Shareholder Analysis - Among the top ten circulating shareholders of Hongyuan Green Energy, a fund under Huatai-PB is notable. The Photovoltaic ETF (515790) reduced its holdings by 89,200 shares in the third quarter, now holding 4.6363 million shares, which represents 0.68% of the circulating shares. The estimated floating loss today is approximately 7.418 million yuan, with a total floating loss of 25.963 million yuan over the four-day decline [2]. - The Photovoltaic ETF (515790) was established on December 7, 2020, with a current scale of 13.976 billion yuan. Year-to-date returns are 29.61%, ranking 1485 out of 4208 in its category, while the one-year return is 15.34%, ranking 2703 out of 3972. Since inception, it has incurred a loss of 1.74% [2]. Fund Performance - The fund manager of the Photovoltaic ETF (515790) is Li Qian, who has been in the position for 6 years and 19 days, managing assets totaling 44.052 billion yuan. During her tenure, the best fund return was 84.41%, while the worst was -18.35% [3]. - Li Mu Yang, another fund manager, has been in his role for 4 years and 321 days, overseeing assets of 29.768 billion yuan. His best fund return during his tenure was 141.63%, with the worst being -37.33% [3]. Top Holdings - The Huatai-PB Fundamental Selection A Fund (007306) holds 141,600 shares of Hongyuan Green Energy, accounting for 4.31% of the fund's net value, making it the ninth-largest holding. The estimated floating loss today is about 22,660 yuan, with a total floating loss of 79,300 yuan over the four-day decline [4]. - The Huatai-PB Fundamental Selection A Fund was established on June 5, 2019, with a current scale of 5.10891 million yuan. Year-to-date returns are 18.98%, ranking 4156 out of 8136, while the one-year return is 17.34%, ranking 4058 out of 8056. Since inception, the fund has achieved a return of 50.3% [4]. Fund Manager Profile - The fund manager of Huatai-PB Fundamental Selection A Fund (007306) is Tan Xiao, who has been in the position for 2 years and 114 days, managing assets totaling 21.1 million yuan. During his tenure, the best fund return was 38.22%, while the worst was 22.77% [5].