Core Viewpoint - The Green Energy ETF (562010) opened at a decline of 0.88%, priced at 1.015 yuan, indicating a challenging market environment for green energy investments [1] Group 1: ETF Performance - The Green Energy ETF (562010) has a performance benchmark of the CSI Green Energy Index return rate, managed by Hua Bao Fund Management Co., Ltd. [1] - Since its establishment on December 16, 2022, the fund has achieved a return of 2.68%, with a one-month return of 2.42% [1] Group 2: Major Holdings Performance - Major stocks within the Green Energy ETF include: - Contemporary Amperex Technology Co., Ltd. (CATL) opened with a gain of 0.33% - BYD Co., Ltd. experienced a decline of 0.23% - Changjiang Electric Power Co., Ltd. fell by 0.11% - Sungrow Power Supply Co., Ltd. increased by 0.73% - EVE Energy Co., Ltd. decreased by 0.18% - LONGi Green Energy Technology Co., Ltd. remained unchanged - Huayou Cobalt Co., Ltd. dropped by 0.67% - Ganfeng Lithium Co., Ltd. remained unchanged - Lead Intelligent Equipment Co., Ltd. rose by 0.15% - Tongwei Co., Ltd. remained unchanged [1]

Core Viewpoint - Geer Software experienced a decline of 5.04% on November 5, with a stock price of 23.53 CNY per share and a total market capitalization of 5.51 billion CNY [1] Company Overview - Geer Software Co., Ltd. is located in Songjiang District, Shanghai, and was established on March 3, 1998, with its listing date on April 21, 2017 [1] - The company specializes in the research, development, production, and sales of commercial cryptographic software products, primarily focusing on Public Key Infrastructure (PKI) [1] - The revenue composition of the company includes: PKI security application products (42.98%), general security products (33.02%), PKI infrastructure products (23.94%), and other products (0.07%) [1] Shareholder Information - Huabao Fund's Huabao CSI Financial Technology Theme ETF (159851) is among the top ten circulating shareholders of Geer Software, having increased its holdings by 1.35 million shares in the third quarter, totaling 2.81 million shares, which represents 1.21% of the circulating shares [2] - The estimated floating loss for the ETF today is approximately 3.51 million CNY [2] Fund Manager Performance - The fund manager of Huabao CSI Financial Technology Theme ETF, Chen Jianhua, has a tenure of 12 years and 322 days, with the fund's total asset size at 27.86 billion CNY and a best return of 174.33% during his tenure [3] - Co-manager Cao Xucheng has been in position for 168 days, managing a fund size of 35.18 billion CNY, with a best return of 89.91% during his tenure [3]

Core Insights - The Hong Kong Stock Connect Dividend ETF (159220) increased by 0.25% on November 4, with a trading volume of 48.859 million yuan [1] - The fund's shares rose by 20 million to a total of 256 million shares, with an increase of 21 million shares over the past 20 trading days [1] - The latest net asset value is calculated at 309 million yuan [1] Performance Metrics - The ETF's performance benchmark is the adjusted return of the S&P Hong Kong Stock Connect Low Volatility Dividend Index [1] - Managed by Hua Bao Fund Management Co., the fund has achieved a return of 20.81% since its inception on April 29, 2025 [1] - The fund's return over the past month is reported at 4.91% [1]

Core Points - The Hong Kong Stock Connect Dividend ETF (159220) experienced a decline of 0.42% on October 31, with a trading volume of 25.3589 million yuan [1] - The ETF's shares increased by 2 million, bringing the total shares to 234 million, although there was a reduction of 5 million shares over the past 20 trading days [1] - The latest net asset value of the ETF is calculated to be 278 million yuan [1] - The performance benchmark for the ETF is the adjusted return of the S&P Hong Kong Stock Connect Low Volatility Dividend Index, managed by Hua Bao Fund Management Co., Ltd. [1] - The fund managers are Yang Yang and Hu Yijiang, with a return of 18.98% since its inception on April 29, 2025, and a return of 3.32% over the past month [1]

Core Viewpoint - Jinchengxin Mining Management Co., Ltd. experienced a 5.02% decline in stock price, closing at 62.07 CNY per share, with a total market capitalization of 38.718 billion CNY as of November 3 [1] Company Overview - Jinchengxin was established on January 7, 2008, and listed on June 30, 2015. The company is based in Fengtai District, Beijing, and specializes in mining engineering construction, mining operation management, and mining design and technology research [1] - The revenue composition of Jinchengxin includes: - Sales of cathode copper, copper concentrate, and phosphate rock: 46.11% - Mining operation management: 39.63% - Mining engineering construction: 11.85% - Materials, equipment, and others: 1.29% - Mining machinery and equipment: 1.00% - Mining design consulting: 0.13% [1] Fund Holdings - Huabao Fund has a significant holding in Jinchengxin, with its Huabao Resource Optimal Mixed A Fund (240022) holding 1.24 million shares, representing 5.2% of the fund's net value, making it the seventh-largest holding [2] - The fund has reported a floating loss of approximately 4.0672 million CNY as of the latest data [2] Fund Manager Performance - The fund manager Ding Jingfei has been in position for 6 years and 62 days, with a total asset scale of 2.657 billion CNY and a best return of 232.71% during his tenure [3] - The co-manager Yang Qi has been in position for 63 days, managing assets totaling 1.664 billion CNY, with a best return of 13.71% [3]

（2）华宝基金管理有限公司 客户服务电话：400-820-5050、400-700-5588 一、适用基金如下： ■ 二、投资者可到交通银行办理上述基金的开户、认购、申赎及其他业务。投资者可以通过以下途径了解 或咨询相关情况： 根据华宝基金管理有限公司（以下简称"本公司"）与交通银行股份有限公司（以下简称"交通银行"）签 署的《证券投资基金销售代理协议》，本公司自2025年11月03日起增加交通银行为以下适用基金的代销 机构。 （1） 交通银行股份有限公司 客户服务电话: 95559 公司网址：www.bankcomm.com 公司网址：www.fsfund.com 风险提示：基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一定盈 利，也不保证最低收益。投资者投资本公司旗下基金时应认真阅读基金的基金产品资料概要、《基金合 同》和《招募说明书》。敬请投资者注意投资风险。 特此公告。 华宝基金管理有限公司 2025年11月03日 ...

Group 1 - The announcement date is November 3, 2025 [1] - The fund distributes earnings daily, converting them into fund shares at a face value of 1 yuan on the last working day of each month [1] - Investors are advised to regularly check their account balances to avoid situations where low balances result in no earnings distribution [1] Group 2 - Huabao Fund Management Co., Ltd. has added Bank of Communications Co., Ltd. as a sales agency for certain funds starting from November 3, 2025 [3] - Investors can perform account opening, subscription, redemption, and other services through Bank of Communications [4] Group 3 - Huabao Fund Management Co., Ltd. has also added China Galaxy Securities Co., Ltd. as a sales agency for the Huabao Zhiyuan Mixed Securities Investment Fund (QDII) effective November 3, 2025 [6] - Investors can access services related to the Huabao Zhiyuan Mixed Securities Investment Fund (QDII) through China Galaxy Securities [7]

Core Viewpoint - The "National Team," including Central Huijin Investment and its asset management plans, has maintained a stable position in broad-based ETFs while making minor adjustments in sector-specific ETFs, reflecting a strategic approach to stabilize the A-share market [1][2][3]. Group 1: ETF Holdings and Performance - The "National Team" has kept its holdings in broad-based ETFs largely unchanged, with significant performance in the third quarter, where the average increase of ETFs held exceeded 20%, resulting in a scale increase of over 200 billion yuan [2][6]. - As of mid-2025, the "National Team" holds over 40% of the total A-share ETF market, indicating a strong influence on market stability [3]. - The total scale of ETFs held by Central Huijin Investment and its asset management plans reached 1.55 trillion yuan by the end of the third quarter, marking an increase of over 200 billion yuan from the previous quarter [7]. Group 2: Specific ETF Adjustments - Central Huijin Asset Management's two specialized asset management plans have shown more frequent trading activity, including a reduction in holdings of specific ETFs, which should not be interpreted as a broader "National Team" strategy [4][5]. - Notably, the specialized plans reduced their holdings in the Guotai Zhongzheng 800 Automotive and Parts ETF by 800,000 shares in July, and completely divested from the Huaxia Hang Seng China Mainland Enterprises High Dividend ETF [4]. Group 3: Market Conditions and Influences - The significant rebound in the A-share market during the third quarter was a primary driver of the "National Team's" unrealized gains, supported by favorable domestic liquidity conditions and expectations of U.S. Federal Reserve interest rate cuts [8]. - Factors such as policy support, active trading, and capital inflows contributed to the overall positive market performance, with a notable increase in risk appetite among investors [8].

Core Viewpoint - Geer Software experienced a 5.1% decline in stock price, trading at 24.38 CNY per share with a market capitalization of 5.709 billion CNY as of October 31 [1] Company Overview - Geer Software Co., Ltd. is located in Songjiang District, Shanghai, and was established on March 3, 1998, with its IPO on April 21, 2017 [1] - The company specializes in the research, production, sales, and service of commercial cryptographic software products, focusing on Public Key Infrastructure (PKI) [1] - Revenue composition includes: PKI security application products (42.98%), general security products (33.02%), PKI infrastructure products (23.94%), and other products (0.07%) [1] Shareholder Information - Huabao Fund's Huabao CSI Financial Technology Theme ETF (159851) is among the top ten circulating shareholders of Geer Software, having increased its holdings by 1.3458 million shares in Q3, totaling 2.8065 million shares, representing 1.21% of circulating shares [2] - The ETF has a current scale of 12.319 billion CNY and has achieved a year-to-date return of 23.81% [2] Fund Manager Performance - The fund managers of Huabao CSI Financial Technology Theme ETF are Chen Jianhua and Cao Xucheng, with Chen having a tenure of 12 years and 317 days and a total fund size of 27.86 billion CNY [3] - Chen's best fund return during his tenure is 179.54%, while the worst is -49.65% [3] - Cao has a tenure of 163 days with a fund size of 35.182 billion CNY, achieving a best return of 101.63% and a worst return of 7.72% [3]

Group 1 - Core viewpoint: Puyuan Information's stock increased by 5.52% to 27.90 CNY per share, with a total market capitalization of 2.604 billion CNY as of October 31 [1] - Company overview: Puyuan Information Technology Co., Ltd. was established on March 26, 2003, and listed on December 4, 2019. The company provides software platforms and application development services primarily for large and medium-sized users in finance, government, energy, telecommunications, and manufacturing sectors [1] - Revenue composition: The company's main business revenue consists of 84.68% from software platform services and 15.32% from application development based on the software platform [1] Group 2 - Major shareholder: Huabao Fund's Huabao CSI Financial Technology Theme ETF (159851) entered the top ten circulating shareholders, holding 1.2853 million shares, which is 1.38% of the circulating shares [2] - Fund performance: The Huabao CSI Financial Technology Theme ETF has a total scale of 12.319 billion CNY, with a year-to-date return of 23.81% and a one-year return of 26.56% [2] - Fund manager details: The fund manager Chen Jianhua has a tenure of 12 years and 317 days, with a total fund size of 27.86 billion CNY and a best return of 179.54% during his tenure [3]