Group 1 - The core point of the news is that Qingmu Technology's stock price has dropped by 5.01%, currently trading at 64.50 yuan per share, with a total market capitalization of 5.969 billion yuan [1] - Qingmu Technology was established on August 5, 2009, and went public on March 11, 2022. The company provides comprehensive e-commerce services for globally recognized brands [1] - The revenue composition of Qingmu Technology includes e-commerce operation services (44.93%), brand incubation and management (34.83%), distribution agency (14.18%), technical solutions and consumer operation services (4.05%), and brand digital marketing (2.02%) [1] Group 2 - The fund "Xinda Australia Fund" has a position in Qingmu Technology, with the "Xinao Enjoy Life Mixed A" fund holding 382,400 shares, accounting for 0.79% of the circulating shares [2] - The "Xinao Enjoy Life Mixed A" fund was established on March 14, 2023, with a current scale of 279 million yuan and has achieved a return of 69.56% this year [2] - The fund manager, Yang Ke, has a tenure of 5 years and 114 days, with the fund's total asset scale at 1.445 billion yuan [2]

Core Insights - The A-share market is experiencing a rebound, with the Shanghai Composite Index reaching historical highs, boosting investor confidence and leading to a resurgence in public funds [1] - Active equity funds, particularly those managed by Xinda Australia Fund, have shown remarkable performance, creating sustained value growth for investors [1][2] Fund Performance - Xinda Australia Fund's products, including Xinda Craftsmanship Return Mixed A, Xinda Preferred Life Mixed A, Xinda Medical Health Mixed A, and Xinda Performance Driven Mixed A, have achieved net value growth rates of 70.82%, 57.40%, 57.46%, and 51.72% respectively in 2025 [1] - According to Haitong Securities, these funds ranked in the top 10% of their category as of June 30, 2025, with respective rankings of 138/3751, 214/3751, 338/3751, and 162/3751 [1] - Over the past five years, Xinda Australia's equity products have yielded a return of 17.86%, ranking 47 out of 137 in the market, while the seven-year return reached 149.24%, placing second out of 115 [2] Investment Strategy - Xinda Australia Fund emphasizes a dual-driven approach of "talent + technology," utilizing intelligent analysis tools and multi-factor quantitative models to enhance decision-making efficiency [2] - The firm has actively responded to industry fee reforms, prioritizing investor benefits and reinforcing market trust [2] - The fund's investment strategy focuses on long-term value creation aligned with national industrial upgrading directions, aiming to provide sustainable returns for investors [2] Fund Manager Profiles - Xinda Craftsmanship Return Mixed Fund is managed by Zhang Mingye, who has a background in industry analysis and has been with Xinda Australia since 2020 [3] - Xinda Preferred Life Mixed Fund is managed by Yang Ke, who has experience in consumer industry research and has been with Xinda Australia since 2015 [4] - Xinda Medical Health Mixed Fund is currently managed by Li Diandian, who has a background in biochemistry and has been with Xinda Australia since 2020 [6] - Xinda Performance Driven Mixed Fund is managed by Liu Xiaoming, who has extensive experience in equity investment and joined Xinda Australia in 2021 [6]