Core Insights - The A-share market has shown strong performance, with the Shanghai Composite Index frequently breaking near 10-year highs, leading to increased optimism among investors [1] - Huashang Fund has demonstrated significant strength in active management, with its Huashang Advantage Industry Flexible Allocation Mixed A fund achieving a nearly 92% increase over the past year and a net value growth rate of over 1058% since inception [1][2] Fund Performance - Huashang Advantage Industry Flexible Allocation Mixed A ranks first in its category over the past 10 years, and has also performed well in 7-year, 5-year, and 3-year rankings [1][2] - Other funds under Huashang Fund, such as Huashang New Trend Preferred Flexible Allocation Mixed and Huashang Credit Enhanced Bond A/C, have also ranked first in their respective categories over the past 7 years [1] - The performance data is sourced from Galaxy Securities, with rankings reflecting the funds' standings among their peers [2] Fund Management - The Huashang Advantage Industry Flexible Allocation Mixed A fund is managed by Zhang Mingxin, who emphasizes a growth-value investment style focused on "investment based on industrial trends" [2][3] - Zhang's investment strategy includes a balanced approach between deep value and growth, with a focus on tracking industry trends and marginal changes [2] - In the second quarter, the fund increased its allocation to overseas computing power sectors, anticipating a surge in demand driven by advancements in AI technologies [2][3] Future Outlook - Zhang Mingxin expresses optimism regarding AI industry opportunities, suggesting that domestic AI developments will follow the lead of international advancements [3]

Core Viewpoint - The A-share market is experiencing a strong upward trend, with the Shanghai Composite Index breaking a nearly 10-year high, leading to impressive performances from actively managed public funds, particularly those managed by Huashang Fund [1][2]. Fund Performance Summary - Huashang Advantage Industry Flexible Allocation Mixed Fund has achieved a one-year return of 72.52% and a net value growth rate of 967.56% since its inception [1][3]. - According to data from Galaxy Securities, multiple funds under Huashang Fund rank first in their respective categories over various time frames, including: - Huashang Advantage Industry Flexible Allocation Mixed Fund ranks first in the past 10 years [2]. - Huashang New Trend Preferred Flexible Allocation Mixed Fund and Huashang Credit Enhanced Bond A/C rank first in the past 7 years [2]. - Huashang Runfeng Flexible Allocation Mixed C, Huashang Double Wings Balanced Mixed A, Huashang Fengli Enhanced Regular Open Bond A, and others rank first in the past 5 years [2]. - Huashang Runfeng Flexible Allocation Mixed C continues to rank first in the past 3 years [2]. Fund Management and Strategy - The Huashang Advantage Industry Flexible Allocation Mixed Fund is managed by Zhang Mingxin, who focuses on growth value and industry trend-based investments [3][6]. - The investment strategy for the second quarter emphasizes a balance between deep value and growth, with significant increases in allocations to overseas computing power sectors due to a surge in demand [6]. - Zhang Mingxin expresses optimism about AI industry opportunities, noting that overseas AI has already rebounded and domestic AI is expected to follow suit [6].