Overall Performance - As of September 18, 2025, a total of 2,476 public "fixed income + equity" products with a duration of 3-6 months are in existence, with 1,373 products (55.45%) achieving positive returns every month over the past six months [5] - Notable products include Minsheng Wealth Management's "Guizhu Fixed Income Stable Profit" and "Guizhu Fixed Income Enhanced Index Rotation," as well as Xingyin Wealth Management's "Fengli Yidong" series, all of which have net value growth exceeding 4% over the past six months [5] - The tenth-ranked product, Guangyin Wealth Management's "Happiness Added Benefit 6-Month Holding Fixed Income Class No. 8A," recorded a maximum drawdown of 0 and an annualized volatility of only 0.8%, with a net value growth rate of 3.55% over the past six months [5] Market Dynamics - In the context of declining fixed income asset yields and a recovering equity market, products with equity exposure are gaining popularity, leading to increased issuance of such products by wealth management companies [6] - In July 2025, the number of mixed products issued reached 50, while three new equity products were launched, including two from Huaxia Wealth Management and one from Zhiyin Wealth Management [6] - The average net value growth rate for equity wealth management products in the first eight months of the year was 13.39%, compared to 3.36% for mixed products and only 1.68% for fixed income products [6] Company Research - Wealth management companies are increasingly focusing on equity assets, with 23 companies participating in 587 instances of company research since the third quarter [7] - Ningyin Wealth Management was the most active, conducting 84 research sessions, followed by Zhiyin Wealth Management and Hangyin Wealth Management, each exceeding 60 sessions [7] - There is a notable interest in companies listed on the ChiNext and STAR Market, indicating a strategic focus on high-growth sectors [7]