Core Insights - The report indicates that small-cap and value factors experienced a pullback, while high profitability and high growth factors performed relatively well [1] - The quant stock portfolio of top-performing funds achieved a weekly return of 4.43%, with a cumulative return of 52.54% for 2025 [1] Group 1: Multi-Factor Portfolio Performance - The aggressive and balanced portfolios had weekly returns of -4.10% and -3.85% respectively, underperforming the major indices [10] - For the year-to-date (YTD) 2025, the aggressive and balanced portfolios recorded cumulative returns of 69.47% and 55.27%, significantly outperforming the major indices [11] Group 2: Fund Holdings Performance - The exclusive holdings of top-performing funds yielded a weekly return of 4.43%, outperforming the total index of stock funds by 4.09% [26] - Since December 2025, these holdings have achieved a cumulative return of 7.58%, with an excess return of 6.65% [26] Group 3: Profitability, Growth, and Cash Flow Combination - The combination of profitability, growth, and cash flow achieved a weekly return of 1.12%, outperforming the CSI 300 index by 1.20% [28] - For 2025, this combination has a cumulative return of 88.82%, significantly higher than the CSI 300 index's return of 16.42% [28] Group 4: Low Valuation with Fundamental Support - The PB-profitability preferred portfolio had a weekly return of -2.64%, underperforming the CSI 300 index by 2.57% [30] - For the year-to-date 2025, this portfolio recorded a cumulative return of 19.82%, slightly outperforming the CSI 300 index [31] Group 5: Small-Cap Value and Growth Performance - The small-cap value preferred portfolio 1 had a weekly return of -2.84%, outperforming the micro-cap index by 1.85% [35] - The small-cap growth portfolio recorded a weekly return of -1.94%, outperforming the micro-cap index by 2.75% [39] Group 6: Single Factor Performance - In style factors, large-cap stocks outperformed small-cap stocks, and high-valuation stocks outperformed low-valuation stocks [42] - Technical factors showed negative excess returns across the board, with reversal and turnover factors contributing negatively [46] Group 7: Fundamental Factors - The ROE factor contributed positively, with a multi-factor return of 1.63% for the week [53] - The SUE factor also showed positive returns, indicating strong performance in fundamental analysis [53]

- 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]