Core Insights - The best-performing fund managed by fund manager Xie Zhiyu is the Xingquan Helun LOF (163406), which achieved a quarterly net value increase of 36.16% as of the end of Q3 2025 [1][2]. Fund Performance Summary - Fund Name: Xingquan Helun LOF - Scale: 24.914 billion - Annualized Return: 14.33% - Q3 2025 Increase: 36.16% - Top Holdings: Luxshare Precision (立讯精密) with a weight of 8.41% [2] - Fund Name: Xingquan Heyi LOF - Scale: 16.770 billion - Annualized Return: 9.42% - Q3 2025 Increase: 30.89% - Top Holdings: Innovent Biologics (信达生物) with a weight of 7.54% [2] - Fund Name: Xingquan Heyi Mixed (LOF) C - Scale: 6.061 billion - Annualized Return: 8.50% - Q3 2025 Increase: 30.69% - Top Holdings: Innovent Biologics (信达生物) with a weight of 7.54% [2] - Fund Name: Xingquan Helun Mixed C - Scale: 0.067 billion - Annualized Return: 109.12% - Q3 2025 Increase: 35.96% - Top Holdings: Luxshare Precision (立讯精密) with a weight of 8.41% [2] Manager's Performance - Xie Zhiyu has achieved a cumulative return of 730.4% during his tenure managing the Xingquan Helun Mixed A (163406) fund, with an average annualized return of 18.06% [2]. - The fund had 138 adjustments in its top holdings, with 89 profitable trades, resulting in a win rate of 64.49% [2]. Notable Stock Adjustments - Example of successful stock adjustments include: - Longi Green Energy (隆基股份) was bought in Q3 2017 and sold in Q1 2021, yielding an estimated return of 729.39% with a revenue growth of 392.64% during the holding period [6]. - Shunwang Technology (顺网科技) was held from Q3 2015 to Q1 2016, resulting in a return of 99.2% with a profit growth of 82.43% [7]. - Example of unsuccessful stock adjustments include: - Sanan Optoelectronics (三安光电) was bought in Q3 2021 and sold in Q3 2024, resulting in a loss of 66.08% despite a revenue growth of 28.11% during the holding period [7].

Group 1 - Lixun Precision has experienced a decline for five consecutive trading days, with a cumulative drop of -3.88% [1] - Lixun Precision Industrial Co., Ltd. was established on May 24, 2004, and successfully listed on the Shenzhen Stock Exchange's SME board on September 15, 2010, with stock code 002475 [1] - XG Global Fund's XG All-Round Mixed A Fund is among the top ten shareholders of Lixun Precision and has increased its holdings in the second quarter of this year [1] Group 2 - The XG All-Round Mixed A Fund has achieved a year-to-date return of 7.71%, ranking 3016 out of 4513 in its category [2] - The fund's performance over various periods includes a weekly increase of 2.54%, a monthly increase of 6.83%, a three-month increase of 9.69%, a six-month increase of 6.53%, and a year-to-date increase of 7.71% [2] - The average performance of similar funds for the year-to-date is 13.49%, indicating that XG All-Round Mixed A Fund is underperforming compared to its peers [2] Group 3 - The fund manager of XG All-Round Mixed A is Xie Zhiyu, who has extensive experience in fund management and has been in the role since January 29, 2013 [4][5] - Xie Zhiyu holds a master's degree in economics and has served in various capacities within XG Global Fund, including Vice General Manager and Director of Research [4][5] - XG Global Fund Management Co., Ltd. was established in September 2003 and is co-owned by two shareholders: Industrial Securities Co., Ltd. (51%) and Global Life Insurance International Co. (49%) [5]