“寒王”股价直逼茅台，这些基金吃上大肉！

Core Viewpoint - Hanwujun has become a "barometer" for the domestic AI hardware market, reflecting the rapid growth and potential of the AI industry in China [1][12]. Financial Performance - Hanwujun's half-year report for 2025 revealed a significant revenue increase of 4,347.82% year-on-year, reaching 2.88 billion yuan, and a net profit of 1.038 billion yuan, compared to a net loss of 530 million yuan in the same period last year [5][6][7]. - The company's net assets increased by 24.58% to approximately 6.76 billion yuan, while total assets rose by 25.34% to about 8.42 billion yuan [6]. Stock Market Performance - Hanwujun's stock price surged, reaching a peak of 1,462.8 yuan per share, making it the most expensive stock in the A-share market, although it closed at 1,372.1 yuan [3][4]. - The stock has seen a total increase of 59.6% over the past ten trading days, with a current dynamic price-to-earnings ratio of 343, significantly higher than the industry median of 73.92 [11]. Industry Context - The rise of Hanwujun is attributed to the explosive growth of the AI industry, with advancements in AI applications such as large models, robotics, smart terminals, autonomous driving, and cloud computing [12]. - The release of the DeepSeek-V3.1 model has enhanced performance efficiency, driving innovation in domestic chip development and highlighting Hanwujun's competitive edge [12]. Fund Performance - Hanwujun's strong performance has positively impacted several funds, with 397 funds holding a total of approximately 63 million shares, valued at nearly 37.9 billion yuan [13][14]. - The top ten funds holding Hanwujun shares include several ETFs, with the average increase in these ETFs over the past three months being 33.8% [16][18].