GREAT MICROWAVE(SH:688270) Xin Lang Cai Jing·2026-01-21 06:44Group 1 - The core point of the news is that Zhenlei Technology's stock price dropped by 5.03% to 173.80 CNY per share, with a trading volume of 3.636 billion CNY and a turnover rate of 9.43%, resulting in a total market capitalization of 37.202 billion CNY [1] - Zhenlei Technology, established on September 11, 2015, and listed on January 27, 2022, is located in Hangzhou, Zhejiang Province, and specializes in the research, production, and sales of integrated circuit chips and microsystems [1] - The company's main business revenue composition 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%), and others (0.04%) [1] Group 2 - From the perspective of fund holdings, one fund under China Merchants Fund holds Zhenlei Technology as a significant investment, specifically the China Merchants CSI Satellite Industry ETF (159218), which held 203,700 shares in the third quarter, unchanged from the previous period, accounting for 3.44% of the fund's net value [2] - The China Merchants CSI Satellite Industry ETF (159218) was established on May 14, 2025, with a latest scale of 1.531 billion CNY and has achieved a return of 13.43% this year, ranking 230 out of 5542 in its category; since its inception, it has returned 97.86% [2] - The fund manager of the China Merchants CSI Satellite Industry ETF is Xu Rongman, who has been in the position for 4 years and 304 days, managing total assets of 35.365 billion CNY, with the best fund return during his tenure being 106.75% and the worst being -62.7% [2]