Core Viewpoint - Ping An Fund Management Co., Ltd. announced an adjustment in the valuation of its securities investment funds, specifically regarding the stock of Chipone Technology Co., Ltd. (stock code 688521) starting from September 3, 2025 [1] Group 1 - The company will adopt the "index income method" for valuing the stocks held in its securities investment funds, excluding ETFs [1] - For ETF-linked funds, the valuation will consider the adjustment factors of the aforementioned stock based on the net asset value of the ETF on that day [1] - The valuation method will revert to using the closing price once the stock resumes trading and exhibits active market trading characteristics, without further announcements [1]

中国经济网北京9月4日讯 今日，广发基金管理有限公司发布关于公司旗下部分基金估值调整情况的公 告。 公告称，自2025年9月3日起，广发基金管理有限公司对旗下基金（ETF 除外）持有的"芯原股份"（股票 代码：688521）、"中芯国际"（股票代码：688981）按指数收益法进行估值调整。同时，对ETF联接基 金持有的相关标的ETF，考虑上述股票估值调整因素对标的ETF份额净值的影响后，按当日调整后的份 额净值进行估值。 ...

中加聚享增盈债券A/C成立于2022年5月5日，截至2025年9月3日，其今年来收益率为3.03%、 2.74%，成立来收益率为13.78%、12.30%，累计净值为1.1366元、1.1219元。 | 基金名称 | 中加聚享增盈债券型证券投资基金 | | --- | --- | | 基金简称 | 中加聚享增盈债券 | | 基金主代码 | 015371 | | 基金管理人名称 | 中加基金管理有限公司 | | 公告依据 | 《公开募集证券投资基金信息披露管理办法》 《基金管理公司投资管理人员管理指导意见》 | | 基金经理变更类型 | 兼有增聘和解聘基金经理 | | 新任基金经理姓名 | 邹天培先生 | | 共同管理本基金的其他基 | 钟伟先生 | | 金经理姓名 | | | 离任基金经理姓名 | 庞智桐先生 | （责任编辑：康博） 中国经济网北京9月4日讯 今日，中加基金公告，中加聚享增盈债券增聘邹天培，庞智桐离任。 邹天培2012年7月至2021年7月任职于嘉实基金管理有限公司，先后担任研究员、投资经理；2021年 8月至2023年10月任职于山东省国际信托股份有限公司，任投资经理、组合投资部总经理。20 ...

Group 1 - The core viewpoint of the news is that Shanghai Soochow Technology Co., Ltd. experienced a decline in stock price, with a drop of 5.16% to 90.24 CNY per share, and a total market capitalization of 8.041 billion CNY as of the report date [1] - The company specializes in CAE software development, sales, and services, with its main revenue sources being engineering simulation software (60.29%), simulation product development (36.16%), technical services (2.86%), machining services (0.53%), and other businesses (0.16%) [1] - The company was established on February 24, 2006, and went public on April 18, 2023 [1] Group 2 - From the perspective of fund holdings, Bosera Fund has a significant position in Soochow Technology, with its Bosera Hengrun 6-Month Holding Period Mixed A Fund holding 3,046 shares, accounting for 0.53% of the fund's net value [2] - The fund has reported a floating loss of approximately 15,000 CNY due to the stock's decline [2] - The fund was established on October 26, 2021, and has a current scale of 43.7831 million CNY, with a year-to-date loss of 1.09% and a ranking of 6,584 out of 8,256 in its category [2]

Core Viewpoint - Puyuan Information has experienced a continuous decline in stock price, with a total drop of 8.1% over the last four days, leading to concerns about its market performance and investor sentiment [1]. Company Overview - Puyuan Information Technology Co., Ltd. was established on March 26, 2003, and went public on December 4, 2019. The company is located in the Shanghai Free Trade Zone and primarily provides software platforms and application development services to large and medium-sized users in various sectors, including finance, government, energy, telecommunications, and manufacturing [1]. - The revenue composition of Puyuan Information is as follows: 84.68% from software platform business and 15.32% from application development based on the software platform [1]. Shareholder Insights - Among the top ten circulating shareholders of Puyuan Information, the Taixin Fund's Taixin Small and Medium Cap Selected Mixed Fund (290011) increased its holdings by 1.81 million shares in the second quarter, now holding 4.58 million shares, which accounts for 4.99% of the circulating shares. The fund has incurred a floating loss of approximately 1.92 million yuan today and a total floating loss of 11.49 million yuan over the four-day decline [2][4]. - The Taixin Small and Medium Cap Selected Mixed Fund (290011) was established on October 26, 2011, with a current scale of 1.836 billion yuan. Year-to-date returns are 35.37%, ranking 1570 out of 8180 in its category, while the one-year return is 126.23%, ranking 136 out of 7978 [2]. Fund Management - The fund manager of Taixin Small and Medium Cap Selected Mixed Fund (290011) is Dong Jizhou, who has been in the position for 6 years and 53 days. The fund's total asset scale is 3.03 billion yuan, with the best return during his tenure being 162.46% and the worst being 13.49% [3].

Company Overview - Beijing Xinle Energy Technology Co., Ltd. is located in Changping District, Beijing, and was established on June 11, 1997. The company went public on January 13, 2017. Its main business involves modular power supplies, customized power supplies, high-power power supplies, and systems used in various industries such as communications, aviation, aerospace, military, railways, electric power, industrial control, and broadcasting [1] Financial Performance - As of September 4, Xinle Energy's stock price decreased by 5.09%, trading at 17.33 CNY per share, with a total transaction volume of 468 million CNY and a turnover rate of 5.80%. The company's total market capitalization is 9.401 billion CNY [1] Revenue Composition - The revenue composition of Xinle Energy is primarily from power supplies and motor drives, accounting for 98.86% of total revenue, while other supplementary sources contribute 1.14% [1] Fund Holdings - According to data from the top ten holdings of funds, one fund under Penghua Fund has a significant position in Xinle Energy. The Penghua Macro Mixed Fund (206013) held 240,000 shares in the second quarter, representing 4.06% of the fund's net asset value, making it the eighth largest holding. The estimated floating loss today is approximately 223,200 CNY [2] Fund Performance - The Penghua Macro Mixed Fund (206013) was established on June 13, 2012, with a latest scale of 79.1879 million CNY. Year-to-date, it has returned 4.67%, ranking 6599 out of 8180 in its category. Over the past year, it has achieved a return of 22.78%, ranking 5315 out of 7978. Since inception, the fund has returned 40.34% [2] Fund Manager Information - The fund manager of Penghua Macro Mixed Fund is Yang Fan, who has been in the position for 4 years and 315 days. The total asset size of the fund is approximately 79.197 million CNY. During Yang Fan's tenure, the best fund return was 33.04%, while the worst was 9.34% [2]

Core Viewpoint - The recent tax policy notification aims to enhance the management of state-owned equity and cash income for social security funds, providing four key tax incentives to stimulate investment and improve returns [1][2]. Group 1: Tax Incentives - The first incentive exempts value-added tax on all interest and income from financial products obtained through loans related to the transferred state-owned equity and cash income [2]. - The second incentive classifies income from the transfer of state-owned equity and cash income investments as non-taxable income for corporate income tax purposes [2]. - The third incentive exempts stamp duty for the transfer of non-listed state-owned equity by the receiving entities [2]. - The fourth incentive implements a "first collect, then refund" policy for stamp duty on the transfer of listed state-owned equity and securities transactions using cash income, effectively reducing short-term trading costs [2][7]. Group 2: Impact on Investment Behavior - Experts indicate that these measures will significantly enhance investment returns and motivate receiving entities to diversify their asset allocations, moving from traditional low-risk assets to equities, REITs, or cross-border investments [4][6]. - The tax incentives lower the cost of trial and error, encouraging entities to engage more actively in the capital market, thereby injecting long-term funds and stabilizing market confidence [6][7]. Group 3: Long-term Stability of Social Security Fund - The policy aims to enhance the long-term stability of social security fund operations and the sustainability of the basic pension insurance system [8]. - The notification aligns with previous government initiatives to transfer 10% of state-owned equity from central and local state-owned enterprises to address pension fund shortfalls [8]. - The overall framework established by the 2017 plan, the 2024 operational guidelines, and the current tax policies collectively support the sustainable growth of capital from transfer to appreciation [9].

Group 1 - The announcement states that Gao Ruidong has officially taken the position of General Manager of Everbright Pramerica Fund Management Co., Ltd., effective September 2, 2025 [1] - He Jingshe will no longer serve as the acting General Manager but will continue as the Deputy General Manager, Chief Operating Officer, and Chief Information Officer [1] - Prior to this, on August 21, it was reported that Gao Ruidong had resigned from his roles as the Director of the Research Institute and Chief Economist at Everbright Securities [1] Group 2 - The daily operations of the Research Institute will be taken over by Wang Yifeng, the Deputy Director and Chief Analyst for the financial industry [1] - Everbright Pramerica Fund was established in 2004 with a registered capital of 160 million RMB, with Everbright Securities and Prudential Financial holding 55% and 45% of the shares, respectively [1]

| 基金管理公司名称 | 光大保德信基金管理有限公司 | | --- | --- | | 公告依据 | 《公开募集证券投资基金信息披露管理办法》、《证券基金经 营机构董事、监事、高级管理人员及从业人员监督管理办法》 | | | र्जी | | 高管变更类型 | 新任基金管理公司总经理、离任基金管理公司总经理(代理) | 公开资料显示，高瑞东曾任光大证券研究所所长、首席经济学家、机构业务总部总经理。 北京商报讯（记者 李海媛）9月4日，光大保德信基金公告称，高瑞东自9月3日起任公司总经理，公司副总 经理兼首席运营总监、首席信息官贺敬哲不再代任总经理。 | 新任高级管理人员职务 | 总经理 | | --- | --- | | 新任高级管理人员姓名 | 高瑞东 | | 是否经中国证监会核准 | | | 取得高管任职资格 | | | 中国证监会核准高管任 | 11 | | 职资格的日期 | | | 任职日期 | 2025年9月2日 | | 过往从业经历 | 历任中国信达资产管理股份有限公司战略发展部员工、经理、 | | | 高级副经理,中泰证券股份有限公司研究所宏观高级分析师, | | | 国泰君安证券股份有限公司 ...

Core Viewpoint - Yongxi Electronics experienced a decline of 5.11% on September 4, with a stock price of 33.44 CNY per share and a total market capitalization of 13.698 billion CNY [1] Company Overview - Yongxi Electronics (Ningbo) Co., Ltd. was established on November 13, 2017, and went public on November 16, 2022. The company is located in Yuyao City, Zhejiang Province, and specializes in integrated circuit packaging and testing [1] - The revenue composition of Yongxi Electronics includes: - System-level packaging products: 44.05% - Flat no-lead packaging products: 34.95% - High-density fine-pitch bump flip-chip products: 15.79% - Wafer-level testing products: 2.94% - Other (supplementary): 2.04% - Other products: 0.23% [1] Shareholder Information - Among the top ten circulating shareholders of Yongxi Electronics, a fund under Southern Fund ranks as a significant stakeholder. The Southern CSI 1000 ETF (512100) entered the top ten circulating shareholders in the second quarter, holding 2.2507 million shares, which accounts for 0.8% of the circulating shares. The estimated floating loss today is approximately 4.0512 million CNY [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 64.953 billion CNY. Year-to-date returns are 22.23%, ranking 1837 out of 4222 in its category; one-year returns are 59.18%, ranking 1272 out of 3789; and since inception, the return is 8.17% [2]