Core Insights - The stock and mixed funds achieved a positive return of 65.19% on November 3, with 68 funds returning over 3% and 541 funds experiencing a net value drawdown exceeding 1% [1][2] - The Shanghai Composite Index rose by 0.55% to close at 3976.52 points, while the Shenzhen Component Index and the ChiNext Index increased by 0.19% and 0.29%, respectively. The Sci-Tech Innovation 50 Index fell by 1.04% [1] - The top-performing sectors included media, coal, and oil & petrochemicals, with increases of 3.12%, 2.52%, and 2.28%, respectively. Conversely, sectors such as non-ferrous metals, home appliances, and comprehensive sectors saw declines of 1.21%, 0.66%, and 0.39% [1] Fund Performance Summary - On November 3, the average net value growth rate for stock and mixed funds was 0.18%, with 65.19% of funds showing positive growth. The top fund, Tongtai Huili Mixed A, had a net value growth rate of 4.25% [1][2] - Among the funds with a net value growth rate exceeding 3%, 60 were index stock funds, and 8 were equity funds. The fund with the largest drawdown was AVIC New Start Flexible Allocation Mixed A, with a decline of 3.02% [2][4] - The top funds by net value growth rate included: - Tongtai Huili Mixed A: 4.25% - Tongtai Huili Mixed C: 4.24% - GF CSI Photovoltaic Leading 30 ETF: 3.83% - Guotai CSI Film and Television Theme ETF: 3.79% [2][3] Drawdown Analysis - A total of 541 funds experienced a drawdown exceeding 1%, with the largest drawdown recorded by AVIC New Start Flexible Allocation Mixed A at 3.02% [2][4] - Other funds with significant drawdowns included: - AVIC New Start Flexible Allocation Mixed C: -3.01% - Qianhai Kaiyuan Hong Kong and Shanghai Core Resource Mixed A: -2.69% - Qianhai Kaiyuan Hong Kong and Shanghai Core Resource Mixed C: -2.67% [4][5]

Core Insights - The article provides a ranking of open-end funds based on their net asset value growth, highlighting the top-performing and bottom-performing funds as of November 3, 2025 [2][4][7]. Fund Performance Summary - The top 10 funds with the highest net value growth include: 1. Tongtai Huili Mixed A (008180) with a unit net value of 1.3716 and a cumulative net value of 1.5446, showing an increase from 1.3157 [2]. 2. Tongtai Huili Mixed C (008181) with a unit net value of 1.3399 and a cumulative net value of 1.5129, up from 1.2854 [2]. 3. GF Zhongzheng Photovoltaic Leading 30 ETF (560980) with a unit net value of 0.7313, unchanged from the previous period [2]. 4. Guotai Zhongzheng Film and Television Theme ETF (516620) with a unit net value of 1.1382, unchanged [2]. 5. Yinhua Zhongzheng Film and Television Theme ETF (159855) with a unit net value of 1.0184, unchanged [2]. 6. Huaxia Zhongzheng Animation and Game ETF (159869) with a unit net value of 1.4789, unchanged [2]. 7. Guotai Zhongzheng Animation and Game ETF (516010) with a unit net value of 1.4673, unchanged [2]. 8. Huatai Baichuan Zhongzheng Animation and Game ETF (516770) with a unit net value of 1.5304, unchanged [2]. 9. Founder Fubon Core Advantage Mixed A (018815) with a unit net value of 1.1638, unchanged [2]. 10. Founder Fubon Core Advantage Mixed C (018816) with a unit net value of 1.1498, unchanged [2]. - The bottom 10 funds with the lowest net value growth include: 1. Taixin Bond Enhanced Income D (022516) with a unit net value of 1.1137, down from 1.1594 [4]. 2. AVIC New Start Flexible Allocation Mixed A (005537) with a unit net value of 0.8543, down from 0.8809 [4]. 3. AVIC New Start Flexible Allocation Mixed C (005538) with a unit net value of 0.8379, down from 0.8639 [4]. 4. Qianhai Kaiyuan Shanghai-Hong Kong-Shenzhen Core Resource Mixed A (003304) with a unit net value of 4.6310, down from 4.7590 [4]. 5. Qianhai Kaiyuan Shanghai-Hong Kong-Shenzhen Core Resource Mixed C (003305) with a unit net value of 4.5850, down from 4.7110 [4]. 6. Tongtai Huiying Mixed C (008179) with a unit net value of 1.1344, down from 1.1620 [4]. 7. Tongtai Huiying Mixed A (008178) with a unit net value of 1.1619, down from 1.1901 [4]. 8. AVIC Mixed Reform Selected A (004936) with a unit net value of 0.9107, down from 0.9324 [4]. 9. AVIC Mixed Reform Selected C (004937) with a unit net value of 0.8895, down from 0.9106 [4]. 10. Hui'an Quantitative Pioneer Mixed C (007776) with a unit net value of 1.2861, down from 1.3141 [4]. Market Overview - The Shanghai Composite Index showed a slight recovery with a trading volume of 2.13 trillion, indicating a positive market sentiment with 3,535 stocks rising against 1,801 falling [7]. - Leading sectors included oil, media and entertainment, internet, and coal, all showing gains of over 2% [7]. - Notable concepts with significant growth included disperse dyes, solar thermal power, and Hainan free trade, each rising over 3% [7].

Group 1 - The core point of the news is that Huanrui Century's stock price increased by 5.56% to 6.64 CNY per share, with a trading volume of 238 million CNY and a turnover rate of 5.20%, resulting in a total market capitalization of 6.514 billion CNY [1] - Huanrui Century is primarily engaged in film and television production and distribution, artist management, and gaming-related businesses, with revenue composition being 67.91% from films and derivatives, 32.05% from artist management, and 0.05% from e-commerce [1] Group 2 - The Tongtai Hui Li Mixed A Fund (008180) holds a significant position in Huanrui Century, with 944,500 shares, accounting for 5.97% of the fund's net value, making it the third-largest holding [2] - The fund has achieved a year-to-date return of 20.06%, ranking 4606 out of 8155 in its category, and a one-year return of 17.32%, ranking 4566 out of 8029 [2] Group 3 - The fund manager Chen Zongchao has been in position for 4 years and 95 days, with a total fund size of 450 million CNY, achieving a best return of 31.56% and a worst return of -24.35% during his tenure [3] - The co-manager Mai Jianpei has been in position for 170 days, managing a fund size of 202 million CNY, with a best return of 22.15% and a worst return of -0.02% during his tenure [3]

Group 1 - The stock of Happiness Blue Ocean fell by 5.07%, trading at 22.27 yuan per share, with a transaction volume of 1.172 billion yuan and a turnover rate of 13.88%, resulting in a total market capitalization of 8.298 billion yuan [1] - Happiness Blue Ocean Film and Television Culture Group Co., Ltd. is located in Nanjing, Jiangsu Province, established on November 18, 2005, and listed on August 8, 2016. The company's main business includes television and film operations [1] - The revenue composition of the main business includes: cinema distribution and screening income at 76.52%, other (supplementary) at 14.22%, cinema merchandise income at 7.99%, television series at 0.73%, cinema franchise and licensing income at 0.37%, and film production and distribution at 0.17% [1] Group 2 - From the perspective of the top ten heavy stocks of funds, data shows that one fund under Tongtai Fund has a significant holding in Happiness Blue Ocean. Tongtai Huili Mixed A (008180) held 359,600 shares in the second quarter, accounting for 4.9% of the fund's net value, ranking as the ninth largest heavy stock [2] - The estimated floating loss for Tongtai Huili Mixed A (008180) today is approximately 427,900 yuan. The fund was established on July 3, 2020, with a latest scale of 29.8397 million yuan. Year-to-date return is 20.92%, ranking 4030 out of 8154 in its category; the one-year return is 18.34%, ranking 3994 out of 8025; and the return since inception is 52.53% [2] Group 3 - The fund managers of Tongtai Huili Mixed A (008180) are Chen Zongchao and Mai Jianpei. As of the report, Chen Zongchao has a cumulative tenure of 4 years and 91 days, with a total fund asset size of 408 million yuan, achieving a best fund return of 29.02% and a worst fund return of -28.13% during his tenure [3] - Mai Jianpei has a cumulative tenure of 166 days, with a total fund asset size of 161 million yuan, achieving a best fund return of 21.45% and a worst fund return of -0.74% during his tenure [3]

Group 1 - The core point of the news is that Happiness Blue Ocean's stock price increased by 5.01% to 20.53 CNY per share, with a trading volume of 291 million CNY and a turnover rate of 3.92%, resulting in a total market capitalization of 7.65 billion CNY [1] - Happiness Blue Ocean Film and Television Culture Group Co., Ltd. is located in Nanjing, Jiangsu Province, established on November 18, 2005, and listed on August 8, 2016. The company's main business involves television and film production [1] - The revenue composition of Happiness Blue Ocean includes 76.52% from cinema distribution and screening, 14.22% from other sources, 7.99% from cinema merchandise sales, 0.73% from television series, 0.37% from cinema franchise and licensing, and 0.17% from film production and distribution [1] Group 2 - From the perspective of fund holdings, Tongtai Fund has a significant position in Happiness Blue Ocean, with the Tongtai Huili Mixed A Fund (008180) holding 359,600 shares, accounting for 4.9% of the fund's net value, ranking as the ninth largest holding [2] - The Tongtai Huili Mixed A Fund was established on July 3, 2020, with a latest scale of 29.84 million CNY. Year-to-date returns are 19.98%, ranking 4197 out of 8159 in its category, while the one-year return is 19.95%, ranking 3824 out of 8030, and since inception, the return is 51.34% [2] Group 3 - The fund managers of Tongtai Huili Mixed A are Chen Zongchao and Mai Jianpei. As of the report, Chen Zongchao has a tenure of 4 years and 90 days, with a total fund asset size of 408 million CNY, achieving a best return of 30.06% and a worst return of -27.14% during his tenure [3] - Mai Jianpei has a tenure of 165 days, managing a fund asset size of 161 million CNY, with a best return of 20.65% and a worst return of 0.62% during his tenure [3]

Group 1 - The core viewpoint of the news is that Happiness Blue Ocean's stock has increased by 5.16%, reaching a price of 19.78 yuan per share, with a trading volume of 204 million yuan and a turnover rate of 2.83%, resulting in a total market capitalization of 7.37 billion yuan [1] - Happiness Blue Ocean Film and Television Culture Group Co., Ltd. is located in Nanjing, Jiangsu Province, and was established on November 18, 2005, with its listing date on August 8, 2016 [1] - The company's main business involves television and film operations, with revenue composition as follows: 76.52% from cinema distribution and screening, 14.22% from other sources, 7.99% from cinema merchandise sales, 0.73% from television series, 0.37% from cinema franchising and licensing, and 0.17% from film production and distribution [1] Group 2 - From the perspective of major fund holdings, data shows that one fund under Tongtai Fund has heavily invested in Happiness Blue Ocean, specifically Tongtai Huili Mixed A (008180), which held 359,600 shares in the second quarter, accounting for 4.9% of the fund's net value, ranking as the ninth largest holding [2] - The estimated floating profit for the fund today is approximately 348,800 yuan [2] - Tongtai Huili Mixed A (008180) was established on July 3, 2020, with a latest scale of 29.84 million yuan, achieving a year-to-date return of 16.83%, ranking 4422 out of 8234 in its category, and a one-year return of 24.93%, ranking 3557 out of 8095 [2]

Core Viewpoint - Huanrui Century's stock has experienced a continuous decline over the past five days, with a total drop of 11.09%, leading to concerns about its market performance and investor sentiment [1]. Group 1: Company Overview - Huanrui Century Joint Stock Company, established on November 16, 1997, and listed on January 15, 1999, is located in Beijing and primarily engages in film and television production and distribution, artist management, and related gaming and merchandise businesses [1]. - The company's revenue composition is as follows: 67.91% from film and television and derivatives, 32.05% from artist management, and 0.05% from e-commerce [1]. Group 2: Fund Holdings - The Tongtai Fund has a significant holding in Huanrui Century, with its Tongtai Huili Mixed A Fund (008180) owning 944,500 shares, representing 5.97% of the fund's net value, making it the third-largest holding [2]. - The fund has incurred a floating loss of approximately 103,900 yuan today, with a total floating loss of 698,900 yuan during the five-day decline [2]. Group 3: Fund Manager Performance - The fund manager Chen Zongchao has been in position for 4 years and 81 days, managing assets totaling 315 million yuan, with the best return during his tenure being 29.56% and the worst being -26.15% [3]. - Co-manager Mai Jianpei has been in position for 156 days, managing assets of 161 million yuan, with the best return of 25.36% and the worst return of 1.99% during his tenure [3].

Group 1 - The core point of the news is that Happiness Blue Ocean's stock price dropped by 5.25% to 20.56 CNY per share, with a total market capitalization of 7.661 billion CNY [1] - The company, Happiness Blue Ocean Film and Television Culture Group Co., Ltd., was established on November 18, 2005, and went public on August 8, 2016. Its main business includes television and film production, with revenue composition as follows: 76.52% from cinema distribution and screening, 14.22% from other sources, 7.99% from cinema merchandise sales, 0.73% from television series, 0.37% from cinema franchising and licensing, and 0.17% from film production and distribution [1] Group 2 - From the perspective of major fund holdings, one fund under Tongtai Fund has a significant position in Happiness Blue Ocean. The Tongtai Huili Mixed A Fund (008180) held 359,600 shares in the second quarter, accounting for 4.9% of the fund's net value, ranking as the ninth largest holding. The estimated floating loss today is approximately 409,900 CNY [2] - The Tongtai Huili Mixed A Fund (008180) was established on July 3, 2020, with a latest scale of 29.8397 million CNY. Year-to-date returns are 31.66%, ranking 3261 out of 8238 in its category; the one-year return is 35.55%, ranking 2395 out of 8082; and since inception, the return is 66.08% [2]

Group 1 - Huanrui Century's stock price increased by 5.35% to 6.69 CNY per share, with a trading volume of 301 million CNY and a turnover rate of 6.55%, resulting in a total market capitalization of 6.563 billion CNY [1] - Huanrui Century, established on November 16, 1997, and listed on January 15, 1999, is primarily engaged in film and television production and distribution, artist management, and gaming and related derivative businesses. The revenue composition is 67.91% from films and derivatives, 32.05% from artist management, and 0.05% from e-commerce [1] Group 2 - The Tongtai Hui Li Mixed A Fund (008180) holds 944,500 shares of Huanrui Century, accounting for 5.97% of the fund's net value, making it the third-largest holding. The estimated floating profit today is approximately 321,100 CNY [2] - The Tongtai Hui Li Mixed A Fund was established on July 3, 2020, with a latest scale of 29.8397 million CNY. Year-to-date returns are 31.91%, ranking 2781 out of 8244 in its category; the one-year return is 51.83%, ranking 2178 out of 8080; and since inception, the return is 66.4% [2] Group 3 - The fund managers of Tongtai Hui Li Mixed A are Chen Zongchao and Mai Jianpei. Chen has a tenure of 4 years and 66 days, managing assets totaling 315 million CNY, with the best return during his tenure being 30.05% and the worst being -26.45% [3] - Mai Jianpei has a tenure of 141 days, managing assets totaling 161 million CNY, with the best return during his tenure being 32.49% and the worst being 1.1% [3]

Group 1 - The core point of the news is that Xinghui Entertainment's stock price dropped by 5.06% to 7.31 CNY per share, with a trading volume of 8.81 billion CNY and a turnover rate of 9.51%, resulting in a total market capitalization of 90.95 billion CNY [1] - Xinghui Entertainment's main business segments include gaming (35.76%), player transfers (19.13%), toy products (17.72%), TV broadcasting rights (15.18%), ticketing and memberships (5.02%), sponsorship and advertising (3.87%), rental income (1.22%), football derivatives (1.05%), and other revenues (1.04%) [1] Group 2 - From the perspective of fund holdings, Tongtai Fund has one fund heavily invested in Xinghui Entertainment, specifically Tongtai Huili Mixed A (008180), which held 838,600 shares, accounting for 5.3% of the fund's net value, ranking as the seventh largest holding [2] - The fund has reported a floating loss of approximately 327,100 CNY as of the latest update [2] - Tongtai Huili Mixed A has achieved a year-to-date return of 32.68%, ranking 2589 out of 8172 in its category, and a one-year return of 62.49%, ranking 2232 out of 7980 [2]