湘财新能源量化选股混合A：2025年第四季度利润6.09万元 净值增长率2.1%

Core Viewpoint - The AI Fund Xiangcai New Energy Quantitative Stock Mixed A (020779) reported a profit of 60,900 yuan in Q4 2025, with a net value growth rate of 2.1% for the period, and a total fund size of 7.3649 million yuan by the end of Q4 2025 [2][15]. Fund Performance - As of January 22, the fund's unit net value was 1.431 yuan, with a one-year cumulative net value growth rate of 52.82%, the highest among its peers [2][3]. - The fund's performance over the last three months showed a growth rate of 12.77%, ranking 230 out of 689 comparable funds, and a six-month growth rate of 39.87%, ranking 127 out of 689 [3]. Investment Strategy - The fund management emphasizes a long-term development trend in the new energy sector, utilizing quantitative investment advantages and focusing on high-growth segments such as photovoltaics, wind power, energy storage, and new energy vehicles [3]. - The management plans to continue focusing on the new energy industry, seeking high-quality stocks aligned with technological advancements and industry trends [3]. Risk and Return Metrics - The fund has a Sharpe ratio of 1.313 since inception, indicating a favorable risk-adjusted return [7]. - The maximum drawdown since inception is 16.67%, with the largest quarterly drawdown occurring in Q2 2025 at 10.85% [10]. Portfolio Composition - The average stock position since inception is 75.67%, compared to a peer average of 84.04%, with the highest stock position reaching 83.86% at the end of Q1 2025 [13]. - As of Q4 2025, the top ten holdings include companies such as Hongfa Technology, CATL, and Sungrow Power Supply [18].