Group 1 - The core point of the news is the performance and financial metrics of Yingboer Electric Co., Ltd., which saw a stock price increase of 5.65% to 32.37 CNY per share, with a total market capitalization of 8.511 billion CNY [1] - Yingboer Electric, established on January 14, 2005, and listed on July 25, 2017, specializes in the research, production, and sales of key components for electric vehicles, primarily focusing on motor controllers, with additional products including on-board chargers and DC-DC converters [1] - The revenue composition of Yingboer Electric is as follows: power assembly 46.59%, electric drive assembly 40.36%, motor controllers 10.82%, and other supplementary products 2.24% [1] Group 2 - The Qianhai Kaiyuan Belt and Road Mixed A Fund (001209) holds a significant position in Yingboer, having reduced its holdings by 120,900 shares in the second quarter, now holding 201,300 shares, which represents 5.02% of the fund's net value [2] - The fund has achieved a year-to-date return of 17.2%, ranking 5221 out of 8166 in its category, while its one-year return is 0.76%, ranking 7803 out of 8014 [2] - The fund manager, Wu Guoqing, has a tenure of 10 years and 19 days, with the fund's total asset size at 5.333 billion CNY, achieving a best return of 389.55% and a worst return of -29.7% during his management [3]

Core Viewpoint - The article discusses the performance of public funds in China, highlighting that 1,341 funds have underperformed their benchmarks by over 10% in the past three years, involving 735 fund managers. Among these, 31 funds have underperformed by over 50% compared to their benchmarks, with specific mention of the Qianhai Kaiyuan Belt and Road Fund managed by Wu Guoqing, which has shown significant losses [1]. Group 1: Fund Performance - As of May 21, nearly 6,000 public funds have been tracked, with 1,341 funds underperforming their benchmarks by more than 10% over three years [1]. - The Qianhai Kaiyuan Belt and Road Mixed A fund has a net value growth rate of -47.43% over the past three years, while its benchmark return is -0.15% [1][2]. - The Qianhai Kaiyuan Belt and Road Mixed C fund has a net value growth rate of -47.57% over the same period, with the same benchmark return of -0.15% [2]. Group 2: Fund Manager Background - Wu Guoqing, the fund manager of the Qianhai Kaiyuan Belt and Road Fund, has nearly 10 years of experience in managing public funds, having previously worked at Southern Fund Management [5]. Group 3: Recent Fund Holdings - The top ten holdings of the fund as of the first quarter include companies such as Nairui Radar, Yingboer, and Wolong Electric Drive [6]. Group 4: Recent Fund Performance Data - As of June 4, 2025, the cumulative returns for Qianhai Kaiyuan Belt and Road Mixed A and C funds are -44.20% and -39.20%, respectively, with unit net values of 0.5580 yuan and 0.6080 yuan [4].