Core Insights - Dushuquan (Beijing) Investment Management Co., Ltd. has been recognized as the "Most Institutional-Recognized Private Fund Company of the Year" at the "2025 Capital Market High-Quality Development Forum" due to its strong performance, mature investment system, and operational excellence [1] Performance Highlights - Dushuquan's products have shown exceptional performance in a complex market environment, generating long-term stable returns for institutional investors [2] - As of October 30, 2024, Dushuquan's Growth Phase I fund achieved a return of 53.3%, significantly outperforming the CSI 300 index, which rose by 17.9%, resulting in an excess return of 35 percentage points [2] - Over the past year and two years, Dushuquan's Growth Phase I fund recorded returns of 45.64% and 63.26%, respectively, with excess returns of 34 and 38 percentage points compared to the CSI 300 [2][3] Investment Strategy - The fund's returns are primarily driven by sectors such as new consumption and new energy, showcasing strong stock-picking capabilities [3] - Dushuquan has adapted its investment strategy by incorporating a top-down macro configuration framework to enhance its adaptability to market changes [4] Organizational Capability - Dushuquan emphasizes the importance of organizational capability in determining long-term competitiveness, focusing on team collaboration and talent development [4][5] - The firm has strengthened its research capabilities by integrating macroeconomic analysis into its decision-making framework and enhancing team collaboration for investment opportunities [4] Future Market Outlook - Dushuquan anticipates that the A-share market is entering a new phase, with the current level of the Shanghai Composite Index at 4000 points being more valuable than in the past [6][7] - The firm believes that the market's pricing logic is shifting from valuation-driven to fundamental-driven, with a focus on structural growth opportunities [7][8] Investment Focus - Dushuquan's investment strategy is centered around two main lines: emerging growth sectors such as AI technology innovation and energy infrastructure, and cyclical sectors benefiting from "anti-involution" policies [8]