反转因子表现相对较优，GARP组合周收益率

• The reversal factor performed relatively well, with the GARP portfolio achieving a weekly return of 3.28% from August 1, 2025, to August 8, 2025[1] - The cumulative return of the GARP portfolio in 2025 was 28.2%[1] - The PB-profit combination had a weekly return of 2.86%, with a cumulative return of 20.53% in 2025[5][9] - The small-cap growth portfolio had a weekly return of 4.87%, with a cumulative return of 56.37% in 2025[5][9] - The small-cap value preferred portfolio 1 had a weekly return of 3.67%, with a cumulative return of 48.10% in 2025[5][9] - The small-cap value preferred portfolio 2 had a weekly return of 5.00%, with a cumulative return of 56.61% in 2025[5][9] - The performance of the multi-factor portfolios showed that the aggressive portfolio and the balanced portfolio had weekly returns of 3.37% and 3.19%, respectively[10][11] - The aggressive portfolio and the balanced portfolio had cumulative returns of 61.10% and 49.08% in 2025, respectively[11] - The enhanced CSI 300 portfolio had a weekly return of 1.43%, with a cumulative return of 11.18% in 2025[14][15] - The enhanced CSI 500 portfolio had a weekly return of 2.17%, with a cumulative return of 14.96% in 2025[14][15] - The enhanced CSI 1000 portfolio had a weekly return of 2.01%, with a cumulative return of 22.07% in 2025[14][15] - The performance of the style factors showed that small-cap stocks outperformed large-cap stocks, and high-valuation stocks outperformed low-valuation stocks[5][43] - The performance of the technical factors showed that the reversal factor contributed positive returns, with a weekly long-short return of 0.98%[5][46][48] - The performance of the fundamental factors showed that the SUE factor and the expected net profit adjustment factor contributed positive returns, with weekly long-short returns of 0.51% and 0.34%, respectively[5][50][52]