傅友兴卸任广发基金副总经理，现管规模超百亿，代表作广发稳健增长近两年、近三年、近五年跑输基准

Core Viewpoint - On February 13, 2026, Guangfa Fund announced that Fu Youxing would no longer serve as the Deputy General Manager due to work reasons [7][9]. Group 1: Management Changes - Fu Youxing has resigned from his position as Deputy General Manager of Guangfa Fund, effective February 13, 2026, due to work reasons [2][9]. - Fu Youxing has a 24-year career in the securities industry and has served as a fund manager for 13 years, managing a total fund asset scale of 10.276 billion yuan, with a best performance return of 185.73% [3][10]. Group 2: Fund Performance - The Guangfa Stable Growth Fund, managed by Fu Youxing, has a scale of 9.8 billion yuan and has underperformed its benchmark over the past two years, three years, and five years [4][12]. - Performance data for Guangfa Stable Growth A shows a year-to-date return of 5.16%, with one-year and two-year returns of 18.49% and 21.53%, respectively, while the benchmark has returns of 12.68% and 28.23% for the same periods [5]. Group 3: Investment Strategy - In the 2025 quarterly report for Guangfa Stable Growth, Fu Youxing emphasized the importance of the company's quality in navigating cycles and the role of valuation protection as a cornerstone of the fund's "stability" [11]. - The management aims to enhance fundamental research and market tracking to identify companies with growth potential in volume, price, and profit margins, striving to achieve returns that exceed benchmarks for investors [11]. Group 4: Major Holdings - The top ten holdings of the Guangfa Stable Growth Mixed A fund include Zijin Mining (9.99%), Midea Group (6.24%), and Hongfa Co. (2.55%) among others, indicating a diversified investment strategy [6][11].