Core Insights - In September, the A-share market continued to rise, particularly driven by technology stocks, with the ChiNext Index increasing by over 12% [1] - Among 1,038 ordinary equity funds, 815 funds achieved positive performance in September, representing 78% of the total [1] - The top five funds with gains exceeding 30% were all managed by Harvest Fund, highlighting strong performance in the new energy and clean energy sectors [1] Fund Performance - The top-performing funds included Harvest New Energy New Materials Stock A and C, Harvest Intelligent Automotive Stock, and Harvest Clean Energy Stock, with gains ranging from 30.20% to 31.28% [1] - The management team for Harvest New Energy New Materials Stock consists of experienced managers Yao Zhipeng and Xiong Yuzhou, who have been with Harvest Fund for several years [1] Top Holdings - The top ten holdings of Harvest New Energy New Materials Stock include major companies such as CATL, Putailai, and Yiwei Lithium Energy, most of which saw significant increases in September [2] - Harvest Intelligent Automotive Stock has a similar portfolio to Harvest New Energy New Materials Stock, indicating a focused investment strategy in lithium battery materials [3] - Other funds like Manulife New Energy Stock and Eimi Low Carbon Economy Stock also reported gains of over 25%, with a focus on new energy and semiconductor sectors [3] Sector Analysis - The clean energy sector, particularly companies involved in lithium battery materials, has shown strong performance, with funds like Harvest Clean Energy Stock and others heavily invested in this area [4] - The overall performance of ordinary equity funds was positive, with only 22 funds experiencing a decline of more than 5% in September [4] - Funds focused on the healthcare sector, such as Red Soil Innovation Medical Health Stock and Golden Eagle Medical Health Stock, faced declines, indicating sector-specific challenges [5]

9月29日，禾望电气涨5.03%，截至发稿，报35.71元/股，成交10.21亿元，换手率6.40%，总市值162.33 亿元。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 宏利新能源股票A（012126）成立日期2021年5月26日，最新规模2.18亿。今年以来收益42.2%，同类排 名1028/4220；近一年收益54.89%，同类排名1328/3835；成立以来收益22.63%。 宏利新能源股票A（012126）基金经理为李坤元。 截至发稿，李坤元累计任职时间15年132天，现任基金资产总规模23.94亿元，任职期间最佳基金回报 44.03%， 任职期间最差基金回报-40.32%。 资料显示，深圳市禾望电气股份有限公司位于广东省深圳市南山区西丽官龙村第二工业区11栋，成立日 期2007年4月20日，上市日期2017年7月28日，公司主营业务涉及专注于电能变换领域,帮助客户实现高 效、可靠、高品质的发电、用电和电能传输。主营业务收入构成为：新能 ...

Core Viewpoint - The AI Fund Manulife New Energy Stock A (012126) reported a profit of 12.876 million yuan for the first half of 2025, with a weighted average profit per fund share of 0.052 yuan, and a net value growth rate of 5.91% during the reporting period [2]. Fund Performance - As of September 5, 2025, the fund's unit net value was 1.135 yuan, with a recent three-month growth rate of 27.06%, ranking 17 out of 44 comparable funds [5]. - The fund's six-month growth rate was 17.89%, ranking 22 out of 44, and the one-year growth rate was 47.01%, ranking 23 out of 44 [5]. - Over the past three years, the fund's growth rate was -22.81%, ranking 23 out of 32 [5]. Fund Management Insights - The fund manager expressed optimism about the new energy industry, anticipating a bottom reversal due to the implementation of "anti-involution" policies, which could benefit certain companies [2]. - The manager highlighted positive changes in industries with significant recent declines, such as wind power and energy storage, and noted potential recovery in lithium and cobalt prices [2]. - The manager also emphasized the importance of new technologies, particularly solid-state batteries, and the AIDC industry, focusing on companies with technological barriers that can deliver future performance [2]. Valuation Metrics - As of June 30, 2025, the fund's weighted average price-to-earnings (P/E) ratio was approximately 25.35 times, significantly lower than the comparable average of 1550.21 times [10]. - The weighted average price-to-book (P/B) ratio was about 1.63 times, compared to the comparable average of 2.74 times [10]. - The weighted average price-to-sales (P/S) ratio was approximately 1.12 times, while the comparable average was 2.24 times [10]. Growth Metrics - For the first half of 2025, the fund's weighted average revenue growth rate was 0.17%, and the weighted average net profit growth rate was 0.01% [16]. - The weighted annualized return on equity was 0.06% [16]. Fund Size and Shareholder Composition - As of June 30, 2025, the fund's total size was 218 million yuan, with 17,200 holders collectively owning 239 million shares [31][34]. - All shares were held by individual investors, with management holding a negligible portion [34]. Trading Activity - The fund's turnover rate for the last six months was approximately 159.94%, consistently above the comparable average [37]. Top Holdings - The top ten holdings of the fund included companies such as CATL, Hezhong Electric, Xiaomi Group-W, and Ideal Auto-W [40].