Group 1 - The core point of the news is the significant increase in the stock price of Xingwang Ruijie, which rose by 5.1% to 32.59 CNY per share, with a trading volume of 4.92 billion CNY and a turnover rate of 2.64%, resulting in a total market capitalization of 19.088 billion CNY [1] - Xingwang Ruijie, established on November 11, 1996, and listed on June 23, 2010, is primarily engaged in network communication, cloud terminal and payment services, digital entertainment, integrated communication, vehicle networking, and wireless communication systems [1] - The company's revenue composition includes 72.69% from enterprise-level network equipment, 13.69% from communication products, 10.02% from other sources, and 3.60% from network terminals [1] Group 2 - Longxin Fund has a significant holding in Xingwang Ruijie, with its Longxin CSI 1000 Index Enhanced A Fund (018013) holding 51,000 shares, accounting for 0.91% of the fund's net value, making it the fourth-largest holding [2] - The Longxin CSI 1000 Index Enhanced A Fund, established on April 20, 2023, has a latest scale of 55.0627 million CNY, with a year-to-date return of 41.41% and a one-year return of 80.29%, ranking 1150 out of 4220 and 908 out of 3820 respectively [2]

Core Viewpoint - StarNet Ruijie experienced a 5% decline in stock price, reaching 29.42 CNY per share, with a trading volume of 738 million CNY and a turnover rate of 4.19%, resulting in a total market capitalization of 17.231 billion CNY [1] Company Overview - Fujian StarNet Ruijie Communications Co., Ltd. is located in Fuzhou, Fujian Province, established on November 11, 1996, and listed on June 23, 2010 [1] - The company's main business areas include network communication, cloud terminals and payments, digital entertainment, unified communications, vehicle networking, and wireless communication systems [1] - The revenue composition of the main business is as follows: enterprise-level network equipment 72.69%, communication products 13.69%, others 10.02%, and network terminals 3.60% [1] Fund Holdings - From the perspective of major fund holdings, one fund under Zhongjia Fund has a significant position in StarNet Ruijie [2] - Zhongjia Quantitative Research Mixed A (014691) increased its holdings by 1,100 shares in the second quarter, holding a total of 26,300 shares, which accounts for 1.91% of the fund's net value, ranking as the ninth largest holding [2] - The fund was established on April 11, 2022, with a latest scale of 19.9736 million CNY, achieving a year-to-date return of 22.92% and a one-year return of 57.54% [2] - The fund manager, Zhong Wei, has a tenure of 11 years and 305 days, with total assets under management of 327 million CNY [2]

Group 1: Company Developments - DuPont de Nemours, Inc. will showcase its advanced circuit materials at Intelligent Asia Thailand 2025, highlighting solutions for fine-line technology, signal integrity, and thermal control [1] - The company is positioned to meet the increasing demand for device downsizing and high computational performance through its diverse product portfolio and strategic partnerships [1][3] - DuPont's product offerings include high-performance materials for flexible, stiff-flex, and rigid PCBs, addressing industry challenges with advanced reliability and signal integrity [3][4] Group 2: Market Trends - Innovations in printed circuit boards (PCBs) are accelerating, driven by the need for high-density interconnects in sectors like automotive and consumer electronics [2] - The automotive industry's shift towards electrification and automation, along with the expansion of 5G infrastructure, necessitates improvements in multilayer boards and high-density interconnects [2] Group 3: Financial Outlook - DuPont anticipates full-year 2025 net sales between $12,800 million and $12,900 million, with operating EBITDA projected at $3,325 million to $3,375 million [5] - For Q1 2025, the company forecasts net sales of approximately $3,025 million and adjusted earnings of around 95 cents per share [5] Group 4: Stock Performance - DuPont's shares have increased by 11.7% over the past year, contrasting with an 11.8% decline in the industry [4]