Core Insights - The fund managed by Peng Lingzhi, Guotai Science and Technology Innovation Board Two-Year Regular Open Mixed Fund (506009), achieved a quarterly net value increase of 50.24% by the end of Q3 2025 [1][2]. Fund Performance - The fund has an annualized return of 9.06% and a total scale of 688.256 billion [2]. - During Peng Lingzhi's tenure as the manager of Guotai New Economy Flexible Allocation Mixed A (000742), the cumulative return reached 171.85%, with an average annualized yield of 10.61% [2]. Stock Trading Cases - Notable stock trading cases include: - **Ningde Times**: Purchased in Q4 2019 and sold in Q2 2022, with an estimated return of 503.76% and a company performance growth of 617.64% during the holding period [3][5]. - **Huhua Electronics**: Bought in Q3 2018 and sold in Q2 2019, yielding an estimated return of 99.57% with a company performance growth of 111.41% [6]. - **Laobaixing**: Acquired in Q4 2015 and sold in Q1 2016, resulting in a loss of -32.55% despite a company performance growth of 33.4% [6]. Stock Performance Summary - The performance of stocks during the holding period shows significant variability, with some stocks like Ningde Times and Huhua Electronics yielding high returns, while others like Laobaixing resulted in losses [4][5][6].