Core Viewpoint - The company expresses confidence in the long-term resilience of the Chinese economy and the high-quality development prospects of the capital market, while actively integrating into the new development pattern and focusing on industry trends to uncover structural investment opportunities [6][7]. Group 1: Investment Strategy and Performance - The company has a total asset management scale of 289.4 billion yuan, with public fund assets accounting for 251.6 billion yuan as of the end of 2025 [2]. - In equity investments, the company focuses on new productive forces, particularly in technology innovation and strategic resources, launching several index and thematic funds that have shown significant returns, such as the semiconductor index fund with a return of 89.93% since its inception [3]. - The company emphasizes long-term stable returns, with funds like the Emerging Value Growth Mixed A and the Xin Da Flexible Allocation Mixed A outperforming their benchmarks by 177.50% and 112.81% respectively since inception [3]. Group 2: Fixed Income Investment - The fixed income research team has increased allocations to technology and industrial bonds, achieving a ranking in the top 9% for absolute returns over the past three years [4]. - Several fixed income products have performed exceptionally well, with the Policy Financial Bond A ranking in the top 1% for excess returns among peers [5]. - The company aims to maintain a stable foundation in fixed income investments, focusing on a diverse strategy that includes government bonds, high-grade financial bonds, and credit bonds [4][5]. Group 3: Future Outlook and Strategic Focus - The company plans to deepen its investment strategies in line with the "14th Five-Year Plan," focusing on technology innovation, national security, and consumption upgrades as key areas for investment [6][7]. - The fixed income market is expected to operate under a policy framework aimed at stabilizing growth and preventing risks, with a low interest rate environment anticipated to continue [7]. - The company is committed to enhancing investor experience by optimizing product layouts and improving service quality, ensuring a comprehensive support system throughout the investment cycle [8][11]. Group 4: Research and Development Capabilities - The company is enhancing its research capabilities by integrating macro, industry, and micro-level analyses to better identify value in investments [9]. - A team-based approach is being adopted to strengthen the performance of fund managers and researchers, with a focus on long-term assessment and talent development [9]. - The company is committed to a dynamic investment strategy that balances growth and value, aiming to capture structural opportunities during economic transitions [10]. Group 5: Investor Engagement and Education - The company is expanding its investor education services to cover the entire investment cycle, aiming to enhance interaction and provide timely responses to investor concerns [11][12]. - Initiatives include online interactions, live market analysis, and community engagement to foster a deeper connection with investors [12]. - The company is dedicated to building long-term trust with investors by ensuring a comprehensive and professional service experience [12].

Core Viewpoint - The company emphasizes its commitment to serving the public and contributing to the modernization of China's financial system while ensuring compliance and risk management [1][30]. Group 1: Company Overview and Strategy - As of the end of 2025, the company's total assets under management reached 289.4 billion yuan, with public fund assets accounting for 251.6 billion yuan [4][31]. - The company is focused on enhancing its research and investment capabilities, optimizing product offerings, and improving investor services in line with national development strategies [3][30]. Group 2: Investment Focus - The company is concentrating on new productive forces, particularly in technology innovation and strategic resources, launching various index and thematic funds to support these areas [5][32]. - Notable fund performances include the Shenyin Wanguo Semiconductor Index A, which achieved a return of 89.93% since its inception, and the Shenyin Wanguo Resource Selection Mixed Fund A, which reached a return of 114.39% [5][32][42]. Group 3: Fixed Income Investment - The fixed income team has increased allocations to technology and industrial bonds, aiming to find excess returns while supporting the real economy [6][33]. - The company’s fixed income funds ranked in the top 9% for absolute returns over the past three years, with several products achieving high relative performance [6][34]. Group 4: Future Outlook - The company is optimistic about the long-term resilience of the Chinese economy and the high-quality development of capital markets, planning to leverage structural opportunities in various sectors [8][35]. - Key investment themes for 2026 include AI applications, national security, and strategic autonomy, as well as opportunities in new consumption and healthcare driven by the "14th Five-Year Plan" [9][35][36]. Group 5: Enhancing Investor Experience - The company aims to improve investor experience by expanding educational services and creating a comprehensive support system that covers all stages of investment [10][40]. - Initiatives include online interactions, community engagement, and educational events to enhance financial literacy among investors [10][40].