Core Viewpoint - Huashang Fund adheres to the core philosophy of "active management at its core, prioritizing the interests of holders," demonstrating strong long-term performance in active equity investment, with significant rankings in various time frames [1][34]. Performance Summary - As of December 31, 2025, Huashang Fund's active equity funds ranked in the top ten of the industry for 3-year, 5-year, 7-year, and 10-year performance, achieving 68 instances in the top 10% of peers, including 7 instances ranked first in their category, showcasing robust investment strength across market cycles [1][34]. - In the past year, Huashang Fund's performance included 28 instances in the top 10% of peers, with specific funds like Huashang Balanced Growth Mixed A (011369) and Huashang Advantage Industry Flexible Allocation Mixed A (000390) achieving notable rankings [3][36]. Fund Rankings - Huashang Balanced Growth Mixed A (011369) ranked 4th out of 1895 in the equity fund category [3]. - Huashang Advantage Industry Flexible Allocation Mixed A (000390) ranked 2nd out of 396 in the flexible allocation fund category [18]. - Huashang Dual Wings Balanced Mixed A (001448) ranked 1st out of 104 in the ordinary bond-type fund category [57]. Fund Manager Performance - Fund managers such as Zhang Mingxin and Hu Zhongyuan have consistently led their respective funds to high rankings, with multiple funds under their management achieving top positions in their categories [3][36][57].