GREAT MICROWAVE(SH:688270) Xin Lang Cai Jing·2025-11-25 03:05Core Insights - Zhenlei Technology's stock increased by 5.01% to 63.70 CNY per share, with a trading volume of 403 million CNY and a turnover rate of 3.01%, resulting in a total market capitalization of 13.635 billion CNY [1] Company Overview - Zhenlei Technology, established on September 11, 2015, and listed on January 27, 2022, is located in Hangzhou, Zhejiang Province. The company specializes in the research, production, and sales of integrated circuit chips and microsystems [1] - The revenue composition of Zhenlei Technology includes: - Power management chips: 50.10% - RF transceiver and high-speed high-precision ADC/DAC chips: 39.47% - Technical services: 5.97% - Microsystems and modules: 2.49% - Terminal RF front-end chips: 1.93% - Others: 0.04% [1] Fund Holdings - Tianhong Fund holds Zhenlei Technology as a significant position in its portfolio, specifically in the Tianhong CSI 1000 Enhanced Strategy ETF (159685), which held 2,600 shares, accounting for 0.94% of the fund's net value, ranking as the fifth-largest holding [2] - The Tianhong CSI 1000 Enhanced Strategy ETF was established on March 15, 2023, with a current scale of 18.0917 million CNY. The fund has achieved a year-to-date return of 31.35%, ranking 1037 out of 4206 in its category, and a one-year return of 34.76%, ranking 850 out of 3983 [2] Fund Management - The fund managers of Tianhong CSI 1000 Enhanced Strategy ETF are Yang Chao and Lin Xinlong. Yang Chao has a tenure of 11 years and 47 days, managing assets totaling 6.565 billion CNY, with the best fund return of 102.28% and the worst return of -57.89% during his tenure [3] - Lin Xinlong has a tenure of 4 years and 364 days, managing assets of 25.391 billion CNY, with the best fund return of 123.41% and the worst return of -49.55% during his tenure [3]