Core Insights - Quantitative investment has gained popularity among investors due to its rational, scientific, and emotionally stable characteristics. Jiukun Investment, one of the earliest quantitative private equity firms in China, has won over 150 industry awards and maintains competitive performance and scale [2][6]. Performance Metrics - As of the end of August, Jiukun Investment has 13 products with reported performance, achieving an average return of ***% this year. The "Jiukun Day Enjoy CSI 1000 Index Enhanced No. 1" product ranks first in returns this year, with a five-year excess return of ***% and a cumulative return of ***% since inception, showcasing Jiukun's strong long-term investment capabilities in the index enhancement sector [2][4]. AI Integration - With the rapid development of artificial intelligence, Jiukun Investment has positioned itself as a technology company from its inception, establishing an AI team early on and launching an internal lab in 2020. Over 90% of the researchers hired in the past five years have an AI research background, enabling comprehensive AI capability coverage in the investment research team [5][12]. Investment Principles - Jiukun Investment adheres to three core investment principles: "rationality, long-term focus, and scientific approach," which empower its quantitative investment strategies to create long-term value for investors [6][11]. Talent and Organizational Structure - The company emphasizes the importance of talent and organizational structure as core assets in the quantitative field. Jiukun has a diverse team of experts in mathematics, physics, and computer science, and it fosters a culture of free research and collaboration to enhance its research capabilities [10][15]. Long-term Strategy and Market Position - Jiukun Investment has been deeply involved in the quantitative field for over 13 years, accumulating extensive historical data and practical experience. This foundation allows the firm to quickly address new market challenges and develop robust index enhancement strategies, such as the recently launched A500 index enhancement product [16][17].

Core Viewpoint - The A-share market experienced a significant upward trend in August, with the Shanghai Composite Index surpassing 3800 points, reaching a nearly 10-year high, and daily trading volume exceeding 3 trillion yuan, indicating a robust trading environment [1] Group 1: Market Performance and Fund Analysis - As of August 29, 2025, among the 433 stock long private equity funds established in 2021, 404 funds achieved positive returns, representing 93.3% [1] - In contrast, only 526 out of 1644 equity public funds established in 2021 showed positive returns, resulting in a mere 32% positive return rate, highlighting the stronger performance of private equity funds [1] Group 2: Fund Performance by Size - For private equity funds with over 10 billion yuan in assets, 90 funds were established in 2021, with an average return of ***% [5] - Among the top-performing funds in this category, "Mingxuan Stock Selection Phase 1" managed by Mingxuan Investment achieved outstanding returns since its establishment [7] - In the 5-10 billion yuan category, "Xiangyuan Meihua No. 1 Industry Selection" from Hainan Xiangyuan Private Equity reported the highest returns since its inception [16] Group 3: Notable Fund Managers and Strategies - The top-performing funds are managed by notable firms such as Mingxuan Investment, Yanfeng Investment, and Jiukun Investment, which are recognized as leaders in quantitative private equity management [7][10] - Fund managers like Qiu Huiming and Liang Hong have extensive experience and have developed successful strategies that contributed to their funds' strong performance [7][9]