Zhongyuan Expressway(SH:600020) Sou Hu Cai Jing·2025-12-17 05:53Group 1 - In 2025, the social security fund has invested in six "broken net stocks" with low prices and valuations, such as Wan Neng Power, which has a stock price below its net asset value and a dividend yield exceeding 4.5% [1][6] - The social security fund's investment strategy focuses on traditional industries with solid fundamentals, seeking companies that can provide consistent cash returns to shareholders [3][11] - The fund's average annual investment return has reached 7.36% since its establishment 24 years ago, indicating a long-term investment approach rather than short-term speculation [3][11] Group 2 - The social security fund has shown a preference for the chemical industry, which has recently performed well, with the basic chemical industry index rising by 11.51% since July 2025 [3][4] - The fund's recent investments include companies with unique global technologies, such as Haiyou Development, which has developed a megawatt-level seawater electrolysis hydrogen production device [6] - The fund's holdings in 334 listed companies have shown that 62% of them achieved year-on-year net profit growth in the first half of 2025, highlighting a focus on high-performing stocks [7][11] Group 3 - The social security fund has dynamically adjusted its holdings, with new investments in 14 stocks and increased positions in 12 stocks, while also reducing holdings in eight stocks, indicating a strategy of profit-taking [10][11] - The fund's investment in high-dividend strategies is supported by new policies encouraging companies to increase dividend payouts, making assets with dividend yields over 5% more attractive [7] - The collaboration between institutional investors and prominent retail investors in certain low-priced leading stocks suggests a shared recognition of the companies' value [8]