Sharp(US:SHCAY) Sou Hu Cai Jing·2025-12-29 07:19Market Overview - Since 2025, the A-share market has shown an upward trend with significant market activity and distinct structural characteristics. As of December 19, the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index have increased by 16.07%, 26.17%, and 45.79% respectively, with an average daily trading volume of 1.72 trillion yuan [1] - Sectors such as technology, military industry, and non-ferrous metals have performed well, with companies like Cambrian, BYD, and CATL reaching new highs. The North Securities 50 Index has seen a peak increase of over 60% this year [1] Private Fund Performance - Private fund managers have also demonstrated strong performance in stock strategies, with an average return of 36.64% as of December 19, outperforming the Shanghai Composite and Shenzhen Component indices [1] - A total of 319 fund managers have stock strategy products that meet ranking criteria, with varying performance based on fund size [2] Fund Manager Analysis by Size 100 Billion and Above - In the 100 billion and above category, 57 fund managers have an average return of 35.58% and a Sharpe ratio of 1.79. The top fund manager is Lu Zhengzhe from Ningbo Huansheng Quantitative [5][6] 50-100 Billion - Among the 29 fund managers in the 50-100 billion category, the average return is 35.57% with a Sharpe ratio of 1.62. The top three fund managers are Shi En from Yunqi Quantitative, Liang Tao from Liang Kui Private Equity, and Liu Xiaofang from Guangdong Dehui Investment [11][15] 20-50 Billion - In the 20-50 billion category, 45 fund managers have an average return of 39.52% and a Sharpe ratio of 1.51. The top three are Yuan Hao from Beijing Xiyue, He Yuqing from Yidian Najin, and Wu Libin from Fox Investment [18] 10-20 Billion - For the 10-20 billion category, 36 fund managers have an average return of 41.89% and a Sharpe ratio of 1.62. The top three are Zheng Bin from Yangshi Asset, He Zhenquan from Liangli Private Equity, and Zhou Yifeng from Beiheng Fund [20][24] 5-10 Billion - In the 5-10 billion category, 52 fund managers have an average return of 34.57% and a Sharpe ratio of 1.24. The top three are Chen Long from Youbo Capital, Chen Zhidan from Hongyan Asset, and Sun Min from Wuzhi Investment [25] 0-5 Billion - Among the 100 fund managers in the 0-5 billion category, the average return is 35.43% with a Sharpe ratio of 1.20. The top three are Qin Peihua from Fengyu Investment, Hu Qintian from Guangzhou Tianzhanhan, and Zeng Fengwen from Changyi Fund [28][30]