AI基金兴全全球视野股票（340006）披露2025年半年报，上半年基金利润4977.86万元，加权平均基金份额本期利润0.0914元。报告期内，基金净值增长率 为4.09%，截至上半年末，基金规模为11.77亿元。 该基金属于标准股票型基金。截至9月5日，单位净值为2.738元。基金经理是王品和余明强。 基金管理人在半年报中表示，展望下半年，在看到我国经济平稳向好的同时，我们也应该关注到经济运行中仍有一些新的困难和挑战，如楼市止跌回稳的势 头仍需巩固，地方政府债务问题仍需化解，外部环境错综复杂等，因而经济回升向好的基础仍需政府宏观经济政策的进一步保驾护航；7 月政治局会议也指 出了上述问题的存在，同时提出了要加强经济监测预测预警，常态化开展政策预研储备，不断完善稳就业、扩内需的政策工具箱，根据外部环境变化及时推 出，我们坚信在政府一系列政策的支持下，国内经济高质量发展的道路会越走越扎实。 截至9月5日，兴全全球视野股票近三个月复权单位净值增长率为24.38%，位于同类可比基金15/61；近半年复权单位净值增长率为19.96%，位于同类可比基 金20/61；近一年复权单位净值增长率为41.85%，位于同类可比 ...

Core Viewpoint - The AI Fund Xingquan Global Vision Stock (340006) reported a profit of 20.16 million yuan for Q2 2025, with a net asset value growth rate of 1.82% and a fund size of 1.177 billion yuan as of the end of Q2 2025 [2][15]. Fund Performance - As of July 21, the fund's unit net value was 2.41 yuan [2]. - The fund's three-month net value growth rate was 11.43%, ranking 19 out of 61 comparable funds [4]. - The six-month net value growth rate was 9.46%, ranking 29 out of 61 comparable funds [4]. - The one-year net value growth rate was 16.73%, ranking 37 out of 61 comparable funds [4]. - The three-year net value growth rate was -15.60%, ranking 44 out of 60 comparable funds [4]. Risk and Return Metrics - The fund's three-year Sharpe ratio was -0.1241, ranking 45 out of 60 comparable funds [9]. - The maximum drawdown over the past three years was 35.97%, ranking 26 out of 59 comparable funds [11]. - The highest stock position was 92.23% at the end of H1 2020, while the lowest was 80.78% at the end of Q3 2022 [14]. Investment Focus - The fund management emphasized a focus on the technology sector, driven by government policies promoting technological innovation and new productivity [3]. - The fund aims to identify companies with high technological barriers and strong competitive advantages, particularly in sectors like smart driving, AI technology, and military electronics [3]. - The fund also seeks opportunities in companies that either reduce capital expenditures and increase cash dividends or actively develop new growth avenues to sustain performance [3]. Top Holdings - As of Q2 2025, the fund's top ten holdings included Ningde Times, Luxshare Precision, Sany Heavy Industry, Zijin Mining, Northern Huachuang, Aidi Pharmaceutical, Shandong Gold, Huaqin Technology, Electric Connection Technology, and Philips [19].