随着社会经济的蓬勃发展和思想理念的持续进步，女性在经济、文化等各个领域的地位显著提升。在公募领域，越来越多的女性基金经理受到了投资者的关 注。公募排排网整理的数据显示，截至2025年9月9日，全市场在职的公募基金经理共有3868人，其中男性公募基金经理共有2831人，占比73.19%；女性公 募基金经理共有1037人，占比26.81%。 接下来，笔者将分别从任职年限、管理规模、在管基金类型几个角度，盘点今年以来收益位居前列的女性公募基金经理。 任职超10年！周思聪业绩夺冠！葛兰规模领衔，收益第7！ 按照担任基金经理的年限来看，在3年以下的女性公募基金经理共有355位，在3-5年的共有248位，在5-10年的共有316位，超过10年的仅有118位。 在任职年限超过10年的女性公募"老将"中，今年以来收益位居10强的基金经理上榜门槛为29.65%。在这10位基金经理中，平安基金上榜的两位基金经理年 内业绩包揽前2。从管理规模来看，在100亿元以上的基金经理共有3位。 | 排名 | 基金经理名称 | 现任基金公司 | 基金经理 | 在管基 | 20259 | | --- | --- | --- | --- | -- ...

Core Viewpoint - The company has proactively developed a full range of solutions to meet market demands in the computing power industry, establishing deep strategic collaborations with leading global computing equipment manufacturers [1] Group 1 - The company has completed the layout of supporting resources based on forward-looking assessments of the computing power industry's trends [1] - The company is continuously empowering customer upgrade needs through technical co-research and agile delivery [1] - The company aims to deepen its participation in the construction of the computing power industry ecosystem, leveraging its core technology accumulation and agile response capabilities [1] Group 2 - The company seeks to strengthen its first-mover advantage in the market, opening up broader space for business growth [1]

Group 1: Company Overview and AI Model - The Wangdao large model is a self-developed industry model with over 10 billion parameters, supporting various AI capabilities and over 60 industry-specific skills [1] - The model has been applied in multiple sectors, including legal risk control, government services, and smart operations [1] - The company has received regulatory approval for its generative AI services in June [1] Group 2: Digital Payment and Cross-Border Services - The company holds an internet payment license and is actively exploring cross-border payment services, covering RMB settlement for cross-border trade [2] - It is also looking into stablecoin issuance and applications, leveraging its expertise in digital RMB and blockchain technology [2] Group 3: Data Trading and Cross-Border Data Flow - The company is involved in the Guangzhou Data Exchange, promoting cross-border data flow through strategic partnerships with Hong Kong digital asset platforms [3] - Recent collaborations aim to enhance data asset compliance and facilitate cross-border transactions in the Guangdong-Hong Kong-Macao Greater Bay Area [3] Group 4: Public Data Value and Infrastructure Projects - The company is working on integrating public, enterprise, and personal data, contributing to the construction of a trusted data space in Guangzhou [4] - It has secured a project worth 35.0187 million yuan for digital infrastructure development [4] - The company has launched 111 data products on the Guangzhou Data Exchange, promoting local data market growth [4] Group 5: Opportunities in Computing Power - The demand for computing power is increasing due to national infrastructure initiatives and the rise of AI model training [5] - The company’s subsidiary, Guangdian Wuzhou, is a leading provider of intelligent computing products, with an annual production capacity of 240,000 servers [5] - Revenue projections for Guangdian Wuzhou are 558 million yuan in 2022 and 1.702 billion yuan in 2023, indicating rapid growth [5]

Core Viewpoint - BlueYun Technology announced plans to upgrade its existing computing equipment to enhance its technological competitiveness and optimize computing resource allocation, with a total investment of approximately RMB 38.6 million for the sale of certain assets [1] Group 1 - The company aims to improve its technical capabilities to meet future business development needs [1] - The asset sale is subject to actual contract signing [1]

Core Insights - The Shanghai Cube, a domestically developed high-density computing cabinet, was unveiled at the WAIC2025, marking a significant advancement in China's computing capabilities and filling a gap in the domestic high-density computing "big system" market [1][3][5] Group 1: Product Overview - Shanghai Cube integrates hardware and software deeply, featuring domestically produced high-performance GPU chips, network switching chips, liquid cooling systems, and operating systems, all optimized as a cohesive unit [3][5] - The product boasts a computing density of 128 GPU modules per standard cabinet, positioning it at the forefront of the industry in terms of overall performance [3][5] Group 2: Development and Deployment - The first prototype of Shanghai Cube has been successfully deployed at Fudan University’s Zhangjiang campus and is set to enter mass production [3][5] - The system has demonstrated efficient inference and training support for mainstream large models, such as DeepSeek671B, and has been adapted to various scientific computing and scheduling platforms [3][5] Group 3: Industry Impact - The collaborative innovation model behind Shanghai Cube is accelerating China's competitive edge in the global smart technology landscape [5] - The "Intelligent Gathering East, Chain Connecting the World" forum at WAIC2025 focused on domestic full-stack integration and cooperation between Shanghai and Hong Kong, emphasizing the synergy between domestic computing and AI technologies [6]

Market Overview - The Shanghai Composite Index experienced fluctuations throughout the day, while the ChiNext Index saw a rise followed by a decline. The pharmaceutical sector showed strength, with stocks like Lianhuan Pharmaceutical and Lisheng Pharmaceutical hitting the daily limit. The automotive parts sector also saw gains, with stocks such as Yingli Automotive and Xishanghai reaching the daily limit. In contrast, the organic silicon sector faced adjustments, with Chenguang New Materials nearing a limit down. Overall, over 3,200 stocks in the Shanghai, Shenzhen, and Beijing markets were in the green, with a total transaction volume of 1.46 trillion yuan [1]. Key Highlights Pharmaceutical Sector - The pharmaceutical sector remained active, with Lianhuan Pharmaceutical hitting the daily limit again, and Lisheng Pharmaceutical and Wanbangde achieving consecutive limit ups. Other notable stocks included Rundu Pharmaceutical and Asia-Pacific Pharmaceutical, which also reached the daily limit. Both the A-share and Hong Kong innovative drug indices hit historical highs [4][5]. - According to Zhongyou Securities, China's share of global innovative drug business development (BD) transactions increased from 3% in 2019 to 13% in 2024, with the monetary share rising from 1% to 28%. The total amount of innovative drug license-out transactions in China for the first half of 2025 is approaching 66 billion USD, surpassing the total BD transaction amount for 2024 [5][6]. Robotics Sector - The robotics sector continued to perform well, with stocks like Shenzhou New Materials achieving six consecutive limit ups, and Dayilong and Huahong Technology both reaching four consecutive limit ups. Other stocks such as Zhejiang Rongtai and Jujie Microfiber also hit the daily limit [7][8]. - NVIDIA's CEO Jensen Huang stated that the next wave of AI will be robotic systems, and the market for humanoid robots in China is projected to reach nearly 38 billion yuan by 2030, with a compound annual growth rate (CAGR) exceeding 61% from 2024 to 2030 [10]. Computing Power Sector - The computing power sector showed continued performance, with Weichai Heavy Machinery achieving three consecutive limit ups, and Zhongdian Port and Hongbo Shares both hitting the daily limit. Other stocks like Hongsheng Technology also performed well [11][12]. - According to Zheshang Securities, diesel generator sets are crucial for the power redundancy system of data centers, with the global market size expected to reach 17.864 billion USD in 2024 and 25.509 billion USD by 2029, reflecting a CAGR of 7.02% [12]. Other Notable Trends - The AI server market is seeing a significant increase in GPU costs, which may account for nearly 70% of the overall costs. The transition from standard servers to AI training servers is expected to drive substantial value increases in components such as memory, SSDs, PCBs, and power supplies [13]. - The performance of large consumer goods and earnings growth sectors remains active, while sectors like new urbanization and real estate are experiencing declines [13].

Investment Rating - The report maintains a rating of "Buy" for the industry, specifically recommending the computing power sector and military communication [4][9]. Core Insights - The release of tariff exemptions is expected to alleviate concerns in the optical communication sector, leading to a potential recovery in valuations. Companies with overseas production capabilities will have a tax rate advantage, while those with international layouts will be less impacted by tariff uncertainties [2][21]. - Domestic demand for computing power continues to grow, driven by significant investments from major internet companies and telecom operators. The AI narrative remains strong, indicating explosive growth in computing power demand [3][22]. - Military communication companies are anticipated to benefit from geopolitical tensions and increased defense budgets, as national security strategies drive demand [23]. Summary by Sections Investment Strategy - Focus on the computing power and military communication sectors, recommending companies such as Jiaxun Feihong, China Communication Construction, China Satellite, and Haige Communication, along with optical module leaders like Zhongji Xuchuang, Xinyi Sheng, and Tianfu Communication [4][12]. Market Review - The communication sector experienced a decline, with the operator index performing relatively better compared to other segments. The overall market sentiment improved following government announcements of stock buybacks and support measures [16][19]. Key Companies and Recommendations - Key companies recommended include Zhongji Xuchuang (300308.SZ), Xinyi Sheng (300502.SZ), Tianfu Communication (300394.SZ), and others in the computing power and optical communication sectors. The report suggests monitoring companies like Weiteng Electric, which have seen significant price drops but possess growth potential [4][9][12]. Future Outlook - The report emphasizes the ongoing investment in AI infrastructure, with major players like Alibaba and ByteDance planning substantial expenditures over the next few years. The anticipated growth in AI and computing power is expected to drive the market forward [3][22][39].