Core Viewpoint - The stock price of Zhidingmai fell by 5.07% on September 18, closing at 39.30 CNY per share, with a trading volume of 347 million CNY and a turnover rate of 7.09%, resulting in a total market capitalization of 7.815 billion CNY [1] Company Overview - Zhidingmai Technology Co., Ltd. is located in Fengtai District, Beijing, and was established on November 10, 2011. The company went public on July 15, 2019. Its main business involves operating the content-based shopping guide platform "What is Worth Buying" (www.smzdm.com) and corresponding mobile applications, providing information promotion services and internet marketing platform services for e-commerce and brand merchants [1] - The revenue composition of the main business includes: information promotion revenue 41.83%, internet marketing platform revenue 28.38%, operational service fees 27.62%, brand marketing revenue 2.00%, and product sales revenue 0.17% [1] Shareholder Information - Among the top ten circulating shareholders of Zhidingmai, Huashang Fund has one fund that entered the top ten in the second quarter, holding 1.2781 million shares, accounting for 1.04% of circulating shares. The estimated floating loss today is approximately 2.684 million CNY [2] - The Huashang Advantage Industry Mixed Fund A (000390) was established on December 11, 2013, with a latest scale of 4.055 billion CNY. Year-to-date return is 86.9%, ranking 140 out of 8172 in its category; the one-year return is 121.92%, ranking 269 out of 7980; and the return since inception is 1195.69% [2] - The fund manager, Zhang Mingxin, has a cumulative tenure of 199 days, with the current total asset scale of 4.24 billion CNY. The best fund return during his tenure is 83.26%, while the worst is 3.54% [2]