Focus Review - The hard technology sector, particularly semiconductors and chips, remains mainstream with significant financing activities. For instance, Yanwei Semiconductor completed hundreds of millions in Series A financing, backed by notable investors like Yongxin Ark and Jinyuan Capital [4][15]. - In the health sector, medical devices are gaining attention, exemplified by Jingwei Vision's recent financing exceeding 100 million, supported by multiple investment funds [5][25]. - The internet sector is seeing advancements in AI, with Deep Principle securing over 100 million in Series A financing, led by Alibaba's fund and Ant Group [5][34]. Hard Technology - Yanwei Semiconductor completed hundreds of millions in Series A financing with investments from Yongxin Ark and Jinyuan Capital [4][15]. - Liding Microelectronics raised nearly 100 million in Series A financing, led by CMB International Capital [5][20]. - Hypershell, a consumer-grade exoskeleton company, announced a successful completion of 70 million USD in Pre-B and B rounds, achieving a post-financing valuation of nearly 400 million USD [7]. Health Sector - Jingwei Vision completed a new round of financing exceeding 100 million, with investments from various funds [5][25]. - Jiangsu Zhenyi Medical Technology announced the completion of several hundred million in Series C financing, backed by multiple investment institutions [5][30]. - Weike Biotechnology secured nearly 100 million in Series A financing, led by Shenzhen Capital Group [5][28]. Internet/Enterprise Services - Deep Principle, a pioneer in AI for Science, completed over 100 million in Series A financing, with participation from several major investors [5][34]. - Vision Future, a visual large model company, announced nearly 100 million in angel round financing, led by a listed company [5][35]. - Kulan Dream completed a million-level angel round financing, with investments from notable figures in the gaming industry [5][37].

Group 1 - Tianlu Technology's stock increased by 0.88% on November 14, with a trading volume of 135 million yuan [1] - The company had a net financing purchase of 2.05 million yuan on the same day, with a total financing and securities balance of 163 million yuan, accounting for 5.26% of its market capitalization [1] - The financing balance is at a high level, exceeding the 90th percentile of the past year [1] Group 2 - As of November 10, the number of shareholders for Tianlu Technology increased by 27.54% to 10,400, while the average circulating shares per person decreased by 21.59% to 6,162 shares [2] - For the period from January to September 2025, the company reported a revenue of 447 million yuan, a year-on-year decrease of 9.93%, while the net profit attributable to shareholders increased by 26.56% to 25.27 million yuan [2] Group 3 - Since its A-share listing, Tianlu Technology has distributed a total of 18.75 million yuan in dividends [3] - As of September 30, 2025, the eighth largest circulating shareholder is Dazhong Zhongzheng 360 Internet + Index A, holding 640,800 shares, a decrease of 13,800 shares compared to the previous period [3]

Group 1 - Tianlu Technology's stock increased by 5.04%, reaching 28.98 CNY per share, with a trading volume of 60.28 million CNY and a turnover rate of 3.35%, resulting in a total market capitalization of 3.197 billion CNY [1] - Suzhou Tianlu Optical Technology Co., Ltd. was established on November 9, 2010, and went public on August 13, 2021. The company's main business involves the research, production, and sales of light guide plates, with revenue composition being 97.85% from light guide plates and 2.15% from other sources [1] Group 2 - Among Tianlu Technology's top ten circulating shareholders, a fund under Dacheng Fund holds a position. The Dacheng CSI 360 Internet + Index A (002236) reduced its holdings by 13,800 shares in the third quarter, now holding 640,800 shares, which accounts for 1% of circulating shares. The estimated floating profit today is approximately 890,800 CNY [2] - The Dacheng CSI 360 Internet + Index A (002236) was established on February 3, 2016, with a latest scale of 788 million CNY. Year-to-date returns are 36.11%, ranking 1392 out of 4216 in its category; one-year returns are 44.66%, ranking 944 out of 3889; and since inception, returns are 221.01% [2] Group 3 - The fund manager of Dacheng CSI 360 Internet + Index A (002236) is Xia Gao, who has been in the position for 10 years and 333 days. The total asset scale under management is 2.494 billion CNY, with the best fund return during the tenure being 225.08% and the worst being -71.74% [3]

Company Overview - Tianlu Technology's stock price increased by 5.23% to 27.35 CNY per share, with a trading volume of 49.6642 million CNY and a turnover rate of 2.90%, resulting in a total market capitalization of 3.017 billion CNY [1] - Suzhou Tianlu Optical Technology Co., Ltd. was established on November 9, 2010, and went public on August 13, 2021. The company primarily engages in the research, production, and sales of light guide plates, with 97.85% of its revenue coming from this segment and 2.15% from other sources [1] Shareholder Information - Dazhong Fund's Dazhong CSI 360 Internet + Index A (002236) entered the top ten circulating shareholders of Tianlu Technology in the second quarter, holding 654,600 shares, which accounts for 1.02% of the circulating shares. The estimated floating profit today is approximately 890,300 CNY [2] - Dazhong CSI 360 Internet + Index A was established on February 3, 2016, with a latest scale of 698 million CNY. Year-to-date returns are 31.72%, ranking 1303 out of 4218 in its category; the one-year return is 47.33%, ranking 423 out of 3868; and since inception, the return is 210.67% [2] Fund Management - The fund manager of Dazhong CSI 360 Internet + Index A is Xia Gao, who has been in the position for 10 years and 323 days. The total asset size of the fund is 2.26 billion CNY, with the best fund return during his tenure being 204.96% and the worst being -71.74% [3]

Group 1 - Tianlu Technology's stock increased by 5.14%, reaching 28.62 CNY per share, with a total market capitalization of 3.157 billion CNY [1] - The company, Suzhou Tianlu Optical Technology Co., Ltd., was established on November 9, 2010, and went public on August 13, 2021. Its main business involves the research, production, and sales of light guide plates, which account for 97.85% of its revenue [1] Group 2 - Among the top circulating shareholders of Tianlu Technology, a fund under Dacheng Fund ranks as a significant holder. The Dacheng CSI 360 Internet + Index A fund (002236) entered the top ten circulating shareholders in the second quarter, holding 654,600 shares, which is 1.02% of the circulating shares [2] - The Dacheng CSI 360 Internet + Index A fund has a current scale of 698 million CNY and has achieved a year-to-date return of 33.64%, ranking 1455 out of 4221 in its category. Over the past year, it has returned 77.27%, ranking 731 out of 3836 [2]