Core Viewpoint - The board of directors and the company guarantee that the quarterly report of public products does not contain false records, misleading statements, or significant omissions, and they bear individual and joint responsibility for the authenticity, accuracy, and completeness of its content [1]. Group 1: Fund Products - The company manages a variety of public fund products, including: 1. Xingzheng Asset Management State-owned Enterprise Dividend Preferred Mixed Initiation Securities Investment Fund 2. Xingzheng Asset Management Golden Qilin Leading Advantage One-Year Holding Period Mixed Securities Investment Fund 3. Xingzheng Asset Management Golden Qilin Consumption Upgrade Mixed Securities Investment Fund 4. Xingzheng Asset Management Golden Qilin Hengrui Zhiyuan One-Year Holding Period Mixed Securities Investment Fund 5. Xingzheng Asset Management Golden Qilin Yuxiang Tieli 30-Day Rolling Holding Bond Securities Investment Fund 6. Xingzheng Asset Management Golden Qilin 3-Month Holding Period Mixed Fund of Funds (FOF) 7. Xingzheng Asset Management Golden Qilin Cash Tieli Money Market Fund 8. Xingzheng Asset Management Golden Qilin Balanced Preferred One-Year Holding Period Mixed Collective Asset Management Plan 9. Xingzheng Asset Management Golden Qilin Xingxiang Preferred One-Year Holding Period Mixed Collective Asset Management Plan 10. Xingzheng Asset Management Golden Qilin Xingrui Preferred One-Year Holding Period Mixed Collective Asset Management Plan 11. Xingzheng Asset Management Golden Qilin Xingxiang Increased Profit Six-Month Holding Period Bond Collective Asset Management Plan [1]. Group 2: Disclosure and Contact Information - The full report for the public products for the third quarter of 2025 will be disclosed on the company's website and the China Securities Regulatory Commission's fund electronic disclosure website on October 28, 2025, for investors to review [1]. - For any inquiries, investors can contact the company's customer service at the provided phone number [1]. Group 3: Management Commitment - The management commits to managing and utilizing fund assets with honesty, credit, diligence, and responsibility, but does not guarantee profits or minimum returns [2].

Core Insights - The article highlights the impressive performance of the "Xingzheng Asset Management Golden Qilin Xingxiang Preferred One-Year Holding Period Mixed Asset Management Plan," which achieved a net value growth rate of 107.91% over the past year and 78.36% year-to-date, significantly outperforming similar products in the market [1][2][3] - The success is attributed to the investment manager Zheng Fangbiao, who combines a strong educational background with extensive experience in investment research, emphasizing a disciplined and patient investment approach [1][2] Investment Strategy - Zheng Fangbiao's investment philosophy is influenced by his background in Go, where strategic thinking and patience are crucial, paralleling the need for a comprehensive understanding of both micro and macroeconomic factors in investing [2][3] - The focus on the technology sector as a core investment direction was established early in 2023, despite market volatility and skepticism from other investors [2][3] Portfolio Composition - The top ten holdings of the fund reflect a strong emphasis on technology and innovation, including companies like Xinyi Technology, Zhongji Xuchuang, and Cambrian [3][4] - The inclusion of Pop Mart in the top holdings demonstrates a strategic bet on the new consumption trend, showcasing the manager's ability to identify long-term value in emerging sectors [4] Future Outlook - For the second half of 2025, three key investment directions are highlighted: opportunities arising from the AI revolution, high-end manufacturing and innovative pharmaceuticals, and undervalued companies with high dividends [5] - The emphasis on AI as a transformative force in the economy suggests a long-term bullish outlook on technology investments, positioning them as the main battleground for growth stocks [5] Performance Metrics - Historical performance data indicates that the fund has faced challenges in previous years, with negative returns in 2022 and 2023, but has shown a significant turnaround in 2024 [7] - The fund's performance is benchmarked against the CSI 300 Index and the China Bond Composite Index, providing a comparative framework for evaluating its success [7]