金元顺安元启灵活配置混合（004685）成立日期2017年11月14日，最新规模13.5亿。今年以来收益 32.37%，同类排名1735/8194；近一年收益62.08%，同类排名1498/7963；成立以来收益518.17%。 金元顺安元启灵活配置混合（004685）基金经理为缪玮彬。 截至发稿，缪玮彬累计任职时间8年257天，现任基金资产总规模13.5亿元，任职期间最佳基金回报 518.17%， 任职期间最差基金回报-28.79%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 资料显示，江苏裕兴薄膜科技股份有限公司位于江苏省常州市钟楼经济开发区童子河西路8-8号，成立 日期2004年12月10日，上市日期2012年3月29日，公司主营业务涉及中厚型特种功能性聚酯薄膜的研 发、生产和销售。主营业务收入构成为：光伏用聚酯薄膜40.84%，电子光学用聚酯薄膜27.98%，电气 绝缘用聚酯薄膜18.47%，其他10.43%，综丝用聚酯薄膜2.29%。 从基金十大重仓股角度 ...

Core Viewpoint - The photovoltaic battery technology iteration and changes in supply-demand structure are causing significant disruptions in the industry chain, exemplified by the performance of Yuxing Co., Ltd. in 2024, which reported a substantial decline in revenue and a net loss [1][3]. Financial Performance - Yuxing Co., Ltd. achieved an operating revenue of 1.1 billion yuan in 2024, a year-on-year decrease of 34.75% [1][3]. - The company reported a net loss attributable to shareholders of 357 million yuan [1]. Industry Dynamics - The polyester film industry is experiencing continuous capacity growth, while demand from downstream applications, particularly in photovoltaics, is decreasing, leading to an imbalance in supply and demand [2][3]. - The overall industry capacity utilization rate is at a historical low due to intensified competition in mid-to-low-end products, with some product prices falling below production costs [2][3][4]. Production and Sales - Yuxing Co., Ltd. saw a reduction in polyester film production and sales volumes, with a decrease of 66,300 tons and 51,600 tons respectively compared to the same period in 2023, representing declines of 38.58% and 32.92% [2][3]. - The demand for photovoltaic polyester films has significantly dropped, particularly for single-glass components, leading to substantial reductions in production and sales [2][3]. Capacity and Utilization - The company's polyester film capacity is approximately 250,000 tons, with a capacity utilization rate of 50.72% during the reporting period [5]. - Some production lines were not operational due to outdated technology and ongoing modifications, contributing to low capacity utilization [5][6]. Strategic Shift - In response to the ongoing downturn in the photovoltaic business, Yuxing Co., Ltd. is shifting its strategic focus towards the electronic optics sector, aiming to transform and upgrade its product offerings [6]. - The company reported a significant increase in the production and sales of electronic optical polyester films, with production reaching 37,200 tons and sales at 28,700 tons, reflecting year-on-year growth of 90.28% and 84.34% respectively [6][7]. Product Development - Yuxing Co., Ltd. is adjusting its production line structures to enhance the capacity of key products, including modifications to two production lines originally designated for photovoltaic films to produce electronic optical films and specialty films [7].