长跑冠军，拼“含科量”

Core Viewpoint - The active equity funds are experiencing a significant performance surge in 2025, with many funds achieving over 100% returns in the past three years, highlighting the importance of stock selection by fund managers [1][4][12]. Group 1: Three-Year Performance - As of December 31, 2025, over 135 active equity funds achieved returns exceeding 100% over the three-year period from January 1, 2023, to December 31, 2025 [4]. - Among these, 9 funds surpassed 200% returns, with top performers including Dongwu New Trend Value Line (267.92%), Huaxia North Exchange Innovation Small and Medium Enterprises Selection (260.42%), and Dongwu Mobile Internet A (256.05%) [5]. - The majority of high-performing funds are concentrated in the technology sector, benefiting from the tech market trends in 2025 [7][8]. Group 2: Five-Year Performance - For the five-year period from January 1, 2021, to December 31, 2025, 54 flexible allocation mixed funds, 22 equity mixed funds, and 18 actively managed stock funds achieved returns over 100% [12]. - The top five funds in this category include Jinyuan Shun'an Yuanqi Flexible Allocation (259.53%), Dongwu Mobile Internet A (256.09%), and Dongwu New Trend Value Line (251.22%) [13]. - The five-year performance emphasizes the fund managers' stock selection capabilities, with a more diversified investment approach leading to better long-term results [14]. Group 3: Ten-Year Performance - Over the ten-year period from January 1, 2016, to December 31, 2025, the top ten active equity funds achieved returns ranging from 364.83% to 571.91%, with Huashang Advantage Industry A leading at 571.91% [18][17]. - A total of over 440 active equity funds recorded returns exceeding 100% in the ten-year span, with approximately 5% achieving over 300% [21]. - The performance of these funds reflects a mix of concentrated investments in technology and diversified holdings across various sectors [21].