Core Viewpoint - The company expresses gratitude to partners and investors while reflecting on the challenges and achievements of 2025, emphasizing a commitment to risk management, professional development, and customer trust as it moves into 2026 [2][3][7]. Group 1: Risk Management - The company prioritizes risk control in its business development, enhancing its risk management system across all operations. It focuses on macro, meso, and micro analysis to create returns and protect investors' interests during market fluctuations [3][4]. - Compliance and internal control measures are strengthened to ensure transparent and efficient operations, maintaining good compliance indicators throughout the year [3][4]. Group 2: Investment Strategy - The company emphasizes the importance of professional capability in the asset management industry, increasing investment in research and optimizing processes. Core products have shown resilience and strong performance, surpassing performance benchmarks while controlling volatility [4][5]. - The company aims to deepen industry research and enhance insights into economic adjustments and industrial upgrades, adhering to long-term, value, and responsible investment principles [18]. Group 3: Customer Trust and Service - The company has improved service pathways and deepened channel collaboration, resulting in a 29.28% increase in new fund clients to 72,242 and a 93.65% increase in total subscription amount to 1.22 billion yuan [5][16]. - Customer satisfaction has steadily improved, reflecting the company's commitment to providing sincere and professional service [5][16]. Group 4: Future Outlook - The company acknowledges the complex macro environment but remains optimistic about China's long-term economic fundamentals and the growth of wealth management demand, which presents opportunities for the asset management industry [18]. - Plans for 2026 include enhancing core capabilities, reinforcing risk management, and building a more diverse customer service system to foster trust [18][19]. Group 5: Talent Development - The company recognizes talent as its most valuable asset and aims to cultivate a professional culture while improving training and incentive mechanisms to build a capable team [19].

Core Viewpoint - Jiutai Fund has recently conducted research on a listed company, Aibo Medical, highlighting its development of the AI digital fitting system, Puno Tong [1] Group 1: Company Overview - Aibo Medical has developed the Puno Tong AI digital fitting system independently [1] - Jiutai Fund participated in Aibo Medical's performance briefing and site visit, as well as the Q3 2025 earnings conference call [1] Group 2: Jiutai Fund Profile - Jiutai Fund was established in 2014, with a total asset management scale of 1.175 billion yuan, ranking 173 out of 211 [1] - The non-monetary public fund asset management scale is 968 million yuan, ranking 151 out of 211 [1] - Jiutai Fund manages 41 public funds, ranking 111 out of 211, with 7 public fund managers, ranking 124 out of 211 [1] - The best-performing public fund product in the past year is Jiutai Quantitative Emerging Industries, with a latest net value of 0.75 and a growth of 41.96% over the past year [1]