Core Insights - The article discusses the performance of various funds one year after the "924" market event, highlighting both successful and underperforming funds, particularly focusing on the Dongcai Value Start Mixed Fund A, which has experienced significant losses over the past year [1]. Fund Performance Summary - Dongcai Value Start Mixed Fund A has recorded a one-year loss of 9.74% as of September 24, 2025, while Fund C has a loss of 10.41% during the same period [1][2]. - Since their inception on March 30, 2023, Fund A and Fund C have accumulated losses of 21.13% and 22.41%, respectively [1][2]. - The fund's net asset value as of September 24, 2025, is 0.7887 for Fund A and 0.7759 for Fund C, with both funds classified as mixed equity funds with medium to high risk [2]. Management Changes and Performance - Initially managed by Fang Yihang, the fund saw a management change when Luo Shen joined, and subsequently, Fang Yihang left on March 17, 2025, leaving Luo Shen as the sole manager [3]. - The performance under both managers has been negative, contributing to the overall loss exceeding 20% for the fund [3]. Top Holdings - As of the second quarter report, the top ten holdings of Dongcai Value Start include companies such as Zongheng Co., Lais Information, Debang Co., and others, indicating a diversified investment strategy [6].

Group 1 - The "9·24" market rally has led to a significant increase in equity fund performance, with 769 funds doubling their net value over the past year [1] - The average return for stock funds over the last year reached 60.26%, while mixed funds approached 50% [1] - Among over 4600 active equity funds, 4583 reported positive returns since the start of the "9·24" rally, representing 99.5% of the total [1] Group 2 - In the index stock fund category, only 2 out of nearly 2000 products reported negative returns [2] - Notable negative performers include 25 equity funds, such as Dongcai Value Start Mixed Initiation A and Hongli India Stock (QDII) [2] - The technology sector, particularly AI, semiconductors, and humanoid robotics, has been identified as the core of the current bull market, with early investors in these areas reaping substantial rewards [2]

Group 1 - The core viewpoint of the news is that as of August 14, 2025, institutional investors hold a significant portion of Debon Holdings' A-shares, totaling 839 million shares, which accounts for 82.29% of the company's total equity [1] - The top ten institutional investors include notable entities such as Ningbo Meishan Bonded Port Area Debon Investment Holdings Co., Ltd. and various funds from China Merchants Bank and Industrial and Commercial Bank of China, collectively holding 82.29% of the shares [1] - Compared to the previous quarter, the proportion of shares held by the top ten institutional investors increased by 1.04 percentage points [1] Group 2 - In the public fund sector, five new public funds were disclosed this period, including Southern CSI 1000 ETF and Huaxia CSI 1000 ETF, while four public funds were not disclosed compared to the previous quarter [2] - Two social security funds were not disclosed this period compared to the previous quarter, including the National Social Security Fund 113 Portfolio and the National Social Security Fund 112 Portfolio [2]