Core Viewpoint - The stock price of Tuowei Information has experienced a significant decline, dropping 5.09% on September 4, with a cumulative drop of 17.62% over four consecutive days, indicating potential concerns regarding the company's performance and market sentiment [1]. Company Overview - Tuowei Information System Co., Ltd. is located in Changsha, Hunan Province, and was established on May 20, 1996. The company was listed on July 23, 2008. Its main business includes K-12 education services and mobile internet products based on mobile games and animations. The revenue composition is as follows: software and services 72.71%, intelligent computing products 21.74%, and others 5.55% [1]. Shareholder Analysis - Among the top ten circulating shareholders of Tuowei Information, one fund from Huaxia Fund, the Huaxia CSI Artificial Intelligence Theme ETF (515070), entered the top ten in the second quarter, holding 2.9004 million shares, which is 0.25% of the circulating shares. The estimated floating loss today is approximately 5.3657 million yuan, with a total floating loss of 22.5361 million yuan over the four-day decline [2]. Fund Performance - The Huaxia CSI Artificial Intelligence Theme ETF (515070) has a total asset scale of 55.82 billion yuan and has achieved a return of 57.51% year-to-date, ranking 182 out of 4222 in its category. Over the past year, it has returned 128.21%, ranking 58 out of 3789, and since its inception, it has returned 82.27% [2]. Fund Manager Information - The fund manager of the Huaxia CSI Artificial Intelligence Theme ETF (515070) is Li Jun, who has been in the position for 7 years and 270 days. The fund's total asset scale is 566.61 billion yuan, with the best return during his tenure being 106.79% and the worst being -47.11% [3]. Top Holdings Analysis - The Huaxia CSI Big Data Industry ETF (516000), another fund under Huaxia Fund, has reduced its holdings in Tuowei Information by 50,800 shares in the second quarter, now holding 424,600 shares, which constitutes 3.17% of the fund's net value. The estimated floating loss today is about 785,500 yuan, with a total floating loss of 3.2991 million yuan during the four-day decline [4]. Additional Fund Manager Information - The fund manager of the Huaxia CSI Big Data Industry ETF (516000) is Si Fan, who has been in the role for 4 years and 62 days. The fund's total asset scale is 16.508 billion yuan, with the best return during his tenure being 71.49% and the worst being -46.17% [5].

Group 1 - The core index of the China Securities Big Data Industry Index (930902) closed down 0.58% at 2875.61 points, with a trading volume of 22.909 billion yuan [1] - Over the past month, the index has increased by 2.28%, decreased by 5.63% over the past three months, and has risen by 1.63% year-to-date [1] - The index reflects the overall performance of listed companies involved in big data storage, analysis, operation, production, and application [1] Group 2 - The top ten weighted companies in the index include Zhongke Shuguang (10.5%), Keda Xunfei (9.62%), Inspur Information (5.4%), and others [1] - The market share of the index's holdings is 64.73% from the Shenzhen Stock Exchange, 34.79% from the Shanghai Stock Exchange, and 0.48% from the Beijing Stock Exchange [1] - The industry composition of the index shows that information technology accounts for 74.39%, communication services for 24.10%, and industry for 1.51% [2] Group 3 - The index samples are adjusted every six months, with adjustments implemented on the next trading day after the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with special cases allowing for temporary adjustments [2] - Public funds tracking the index include multiple funds from Fuguo and Huaxia, as well as ETFs from Fuguo, Huaxia, and Huabao [2]

Market Overview - The Shanghai Composite Index rose by 0.76% to close at 3367.46 points, with a weekly high of 3417.31 points [1] - The Shenzhen Component Index increased by 0.52% to 10179.6 points, reaching a peak of 10418.44 points [1] - The ChiNext Index saw a gain of 1.38%, closing at 2039.45 points, with a maximum of 2103.37 points [1] - Global markets also experienced gains, with the Nasdaq Composite up by 7.15%, the Dow Jones Industrial Average up by 3.41%, and the S&P 500 up by 5.27% [1] - In the Asia-Pacific region, the Hang Seng Index rose by 2.09%, and the Nikkei 225 increased by 0.67% [1] ETF Market Performance - The median weekly return for stock ETFs was 0.69% [2] - The highest weekly return among scale index ETFs was 2.43% for the China Securities 2000 Enhanced Strategy ETF [2] - The top-performing industry index ETF was the China Securities 800 Automotive and Parts ETF, with a return of 2.8% [2] - The strategy index ETF with the highest return was the Da Cheng China Securities Dividend Low Volatility 100 ETF at 4.21% [2] - The best-performing thematic index ETF was the Jianxin National Certificate New Energy Vehicle Battery ETF, returning 2.84% [2] ETF Liquidity and Fund Flows - Average daily trading volume for stock ETFs increased by 10.9%, while average daily turnover rose by 1.8% [7] - The top five stock ETFs by inflow were: - Ping An China Securities A500 ETF (inflow of 360 million yuan) - Huatai-PB SSE STAR 100 ETF (inflow of 263 million yuan) - Huaxia SSE STAR 50 Component ETF (inflow of 174 million yuan) - GF China Securities Military Industry ETF (inflow of 114 million yuan) - Guotai Junan China Securities Animal Husbandry ETF (inflow of 105 million yuan) [9] - The top five stock ETFs by outflow were: - Huatai-PB SSE 300 ETF (outflow of 686 million yuan) - E Fund SSE 300 ETF Initiated (outflow of 436 million yuan) - Southern China Securities 1000 ETF (outflow of 360 million yuan) - E Fund ChiNext ETF (outflow of 320 million yuan) - Harvest SSE 300 ETF (outflow of 275 million yuan) [10] ETF Financing and Market Conditions - The financing balance for stock ETFs decreased from 42.3194 billion yuan to 41.9403 billion yuan [12] - The total number of ETFs in the market was 1161, with 942 being stock ETFs [13] - The total market size for ETFs reached 4.106392 trillion yuan, a decrease of 11.934 billion yuan from the previous week [15] - Stock ETFs accounted for 81.1% of the total number of ETFs and 72.6% of the total market size [17] Industry Insights - According to Jiao Yin International, the car market is expected to grow steadily in May due to the old-for-new policy, with a relatively high base from last year [19] - Huaxin Securities anticipates that the automotive sector will exhibit a range-bound pattern, with strong domestic demand but weak external demand [19]