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].

Core Viewpoint - The appointment of Jiang Ying as the new Secretary of the Board at Luoxin Pharmaceutical marks a trend of fund managers transitioning into corporate governance roles, highlighting the increasing intersection between investment management and corporate leadership [1]. Company Summary - Luoxin Pharmaceutical announced the resignation of its Secretary of the Board, Han Fengsheng, due to job relocation, and appointed Jiang Ying, a former fund manager, as the new Secretary [1]. - Jiang Ying has a strong educational background with dual degrees in Science and Economics from Peking University, a Master's in Management from Peking University, and a Master's in Finance from the University of Hong Kong [2]. - Jiang Ying has four years of experience managing public funds, overseeing three fund products, including Guotai Jinniu Innovation Growth Mixed Fund, Guotai Science and Technology Innovation Board Two-Year Open Mixed Fund, and Guotai Small and Medium Cap Growth Mixed Fund [3]. Fund Management Performance - The funds managed by Jiang Ying have shown poor performance during her tenure, with returns of -7.01% for Guotai Jinniu Innovation Growth, -12.48% for Guotai Science and Technology Innovation Board Two-Year Open, and -34.28% for Guotai Small and Medium Cap Growth [4]. - The peak management scale reached 2.59 billion yuan in Q1 2022, but it has since declined, with Jiang Ying set to leave her last fund on December 24, 2024, for personal reasons [4]. Compensation and Future Outlook - The previous Secretary of the Board, Han Fengsheng, had an annual salary of 845,700 yuan, raising questions about Jiang Ying's future performance and compensation [5].