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 fixed income investment [1][11]. Performance Summary - As of December 31, 2025, Huashang Fund's active fixed income funds ranked in the top five of the industry over the past 3, 5, 7, and 10 years, achieving 23 entries in the top 10% of peers, with 9 instances of being ranked first in their category [1][11]. - Specific funds such as Huashang Fengli Enhanced Regular Open Bond A (003092) and Huashang Credit Enhanced Bond A (001751) have consistently performed well, with the former ranking first in its category among 23 funds and the latter ranking in the top 5% among 512 funds [3][14]. Fund Manager Performance - Fund managers like Li Qian and Zhang Yongzhi have led several funds to top rankings, with Li Qian managing Huashang Fengli Enhanced Regular Open Bond A and Huashang Credit Enhanced Bond A, both achieving high rankings in their respective categories [3][6]. - Zhang Yongzhi has also shown strong performance with Huashang Convertible Bond A and C, ranking second and first respectively in their categories [5][17]. Industry Recognition - Huashang Fund received the "Active Equity Investment Golden Bull Fund Company Award" from China Securities Journal in December 2025, highlighting its recognition in the industry for its performance [19].