Core Viewpoint - Baibang Technology's stock price dropped by 5.15% to 19.53 CNY per share, with a trading volume of 195 million CNY and a turnover rate of 7.81%, resulting in a total market capitalization of 2.499 billion CNY [1] Company Overview - Beijing Baibang Technology Co., Ltd. was established on November 26, 2007, and went public on January 9, 2018. The company is primarily engaged in mobile phone after-sales services [1] - The revenue composition of Baibang Technology includes: Alliance business 86.44%, mobile phone repair 12.49%, and product sales and value-added services 1.07% [1] Fund Holdings - Huatai-PineBridge Fund holds a significant position in Baibang Technology, with the Huatai-PineBridge Quantitative Alpha A Fund (005055) owning 101,800 shares, accounting for 0.5% of the fund's net value, making it the sixth-largest holding [2] - The Huatai-PineBridge Quantitative Alpha A Fund was established on September 26, 2017, with a current size of 203 million CNY. Year-to-date returns are 32.29%, ranking 2316 out of 8138 in its category; the one-year return is 33.95%, ranking 2095 out of 8055; and since inception, the return is 84.38% [2] - The fund managers, Sheng Hao and Kong Lingye, have tenures of 10 years and 3 years respectively, with varying performance metrics during their management periods [2]