Group 1 - The core point of the news is that Xianglou New Materials experienced a decline of 5.05% in stock price, reaching 67.68 yuan per share, with a trading volume of 244 million yuan and a turnover rate of 4.85%, resulting in a total market capitalization of 7.588 billion yuan [1] - Xianglou New Materials, established on December 8, 2005, and listed on June 6, 2022, specializes in the research, production, and sales of customized precision stamping special steel materials [1] - The company's main business revenue composition includes automotive parts precision stamping materials at 83.08%, industrial precision stamping materials at 10.69%, and other materials at 5.47% [1] Group 2 - Among the top ten circulating shareholders of Xianglou New Materials, a fund under the Fortune Fund, specifically the Fortune Steady Growth Mixed A (010624), entered the top ten in the third quarter, holding 1.1946 million shares, which accounts for 1.57% of the circulating shares [2] - The estimated floating loss for the Fortune Steady Growth Mixed A fund today is approximately 4.3005 million yuan [2] - The fund was established on April 28, 2021, with a latest scale of 6.13 billion yuan, and has achieved a year-to-date return of 5.37%, ranking 4037 out of 8848 in its category [2]

Group 1 - The core viewpoint of the news is that Suzhou Su Test Experiment Group Co., Ltd. has shown a stock price increase of 1.09%, reaching 18.48 CNY per share, with a total market capitalization of 9.398 billion CNY as of December 30 [1] - The company specializes in environmental and quality reliability testing and analysis services for industrial products, focusing on the research and production of environmental testing equipment [1] - The revenue composition of the company includes 49.19% from environmental reliability testing services, 31.27% from testing equipment, 15.63% from integrated circuit verification and analysis services, and 3.91% from other services [1] Group 2 - Among the top ten circulating shareholders of Su Test Experiment, a fund under the Fortune Fund ranks, specifically the Fortune Steady Growth Mixed A (010624), which holds 2.8001 million shares, accounting for 0.55% of circulating shares [2] - The Fortune Steady Growth Mixed A fund has achieved a year-to-date return of 30.23%, ranking 3087 out of 8087 in its category, and a one-year return of 28.04%, ranking 3121 out of 8085 [2] - The fund manager, Fan Yan, has a tenure of 10 years and 67 days, with the fund's total asset size at 14.13 billion CNY and a best return of 187.76% during the tenure [3]

Core Viewpoint - Yongchuan Intelligent has seen a stock price increase of 5.46%, reaching 13.71 CNY per share, with a trading volume of 356 million CNY and a turnover rate of 5.56%, resulting in a total market capitalization of 6.686 billion CNY [1] Company Overview - Yongchuan Intelligent Equipment Co., Ltd. is located in Hangzhou, Zhejiang Province, established on November 7, 2002, and listed on May 29, 2015 [1] - The company's main business involves the research, design, production, installation, debugging, and technical services of packaging equipment and related packaging materials [1] - Revenue composition: packaging equipment and accessories account for 89.25%, packaging materials for 9.36%, and other sources for 1.38% [1] Shareholder Information - The top circulating shareholder of Yongchuan Intelligent includes a fund from the Fortune Fund, specifically the Fortune Steady Growth Mixed A (010624), which entered the top ten circulating shareholders in the third quarter with 1.9155 million shares, representing 0.4% of circulating shares [2] - The estimated floating profit for this fund today is approximately 1.36 million CNY [2] Fund Manager Profile - The fund manager of Fortune Steady Growth Mixed A is Fan Yan, who has a cumulative tenure of 10 years and 35 days [3] - The total asset size of the fund is 14.13 billion CNY, with the best fund return during the tenure being 187.76% and the worst being -15.11% [3]

Core Viewpoint - Yongchuan Intelligent has seen a stock price increase of 5.17%, reaching 13.01 CNY per share, with a trading volume of 228 million CNY and a turnover rate of 3.74%, resulting in a total market capitalization of 6.345 billion CNY [1] Company Overview - Yongchuan Intelligent Equipment Co., Ltd. is located in Hangzhou, Zhejiang Province, established on November 7, 2002, and listed on May 29, 2015. The company specializes in the research, design, production, installation, debugging, and technical services of packaging equipment and related materials [1] - The revenue composition of Yongchuan Intelligent is as follows: packaging equipment and accessories account for 89.25%, packaging materials for 9.36%, and other supplementary items for 0.71% [1] Shareholder Information - Among the top ten circulating shareholders of Yongchuan Intelligent, a fund under the Fortune Fund, specifically the Fortune Steady Growth Mixed A (010624), has newly entered the list in the third quarter, holding 1.9155 million shares, which represents 0.4% of the circulating shares. The estimated floating profit today is approximately 1.2259 million CNY [2] - The Fortune Steady Growth Mixed A fund was established on April 28, 2021, with a current scale of 6.13 billion CNY. Year-to-date returns are 28.36%, ranking 3366 out of 8154 in its category, while the one-year return is 27.78%, ranking 3271 out of 8046. Since its inception, the fund has experienced a loss of 16.55% [2]

Core Insights - Weiman Sealing (301161.SZ) reported its Q3 2025 results, revealing that as of October 27, 2025, six institutional investors held a total of 14.6362 million shares, representing 12.20% of the company's total share capital, with an increase of 0.77 percentage points from the previous quarter [1] Institutional Holdings - The institutional investors include Shanghai Lindu Business Consulting Partnership, Shanghai Fangyi Enterprise Management Consulting Partnership, China Construction Bank - Fortune Steady Growth Mixed Securities Investment Fund, and others [1] - The total institutional holding percentage increased by 0.77 percentage points compared to the last quarter [1] Public Fund Activity - Two new public funds were disclosed this quarter, namely Fortune Steady Growth Mixed A and Ping An Advanced Manufacturing Theme Stock Initiation A [1] - A total of 63 public funds were not disclosed this quarter, including notable funds such as E Fund New Silk Road Mixed, CITIC Prudential Multi-Strategy Mixed (LOF) A, and others [1] Foreign Investment - The foreign institutional investor Barclays Bank PLC was not disclosed in this quarter compared to the previous quarter [2]

Group 1 - The core point of the news is that Xusheng Group's stock price dropped by 5.02% to 18.35 CNY per share, with a trading volume of 996 million CNY and a turnover rate of 5.59%, resulting in a total market capitalization of 17.493 billion CNY [1] - Xusheng Group, established on August 25, 2003, and listed on July 10, 2017, is located in Ningbo, Zhejiang Province, and specializes in the research, production, and sales of precision aluminum alloy components, focusing on providing lightweight solutions for the automotive industry [1] - The revenue composition of Xusheng Group is as follows: automotive sector 81.35%, other sectors 14.23%, industrial sector 1.99%, mold sector 1.49%, and others 0.94% [1] Group 2 - Among the top ten circulating shareholders of Xusheng Group, one fund from the Fortune Fund is notable, specifically the Fortune Steady Growth Mixed A (010624), which held 3 million shares in the second quarter, unchanged from the previous period, accounting for 0.31% of circulating shares [2] - The estimated floating loss for the Fortune Steady Growth Mixed A (010624) today is approximately 2.91 million CNY [2] - The fund was established on April 28, 2021, with a current scale of 5.054 billion CNY, and has achieved a year-to-date return of 30.61%, ranking 3180 out of 8171 in its category, and a one-year return of 52.58%, ranking 2744 out of 8004 [2]

Core Insights - The article highlights significant changes in the fund management industry, particularly the movement of fund managers, with over 1,630 funds experiencing manager changes in the current year, involving more than 610 new hires and over 920 departures [1][3] - The case of fund manager Fan Yan is particularly noted, as she transitioned from Yuanxin Yongfeng Fund to Fuguo Fund in May 2024 and quickly became a key figure in attracting investments [1][4] Fund Manager Movement - As of August 13, the total number of fund managers in the market reached 4,065, with an increase of 111 since the beginning of the year [3] - The movement of fund managers is viewed positively within the industry, indicating a dynamic market rather than a negative trend [1] Fan Yan's Performance - Fan Yan's new fund, Fuguo Balanced Investment Mixed Fund, raised nearly 2 billion yuan within 19 days of its launch on June 4, 2024, setting a benchmark for active equity fund launches this year [4] - After taking over Fuguo Stable Growth Mixed A in October 2024, Fan Yan implemented a balanced and diversified industry allocation strategy, focusing on growth sectors such as smart driving, lithium batteries, TMT, and pharmaceuticals, while also including cyclical sectors like real estate and non-ferrous metals [7][8] Fund Growth and Strategy - Under Fan Yan's management, the fund's return reached 16.71%, with its scale increasing from 472 million yuan to 5.054 billion yuan by the second quarter [9] - The proportion of institutional investors surged from 0% to 72.28%, indicating a strong market effect associated with her leadership [9] Current Fund Management Scale - As of December 31, 2024, Fan Yan's total managed assets reached 9.575 billion yuan, nearing the 10 billion yuan threshold for fund managers [11] - The article emphasizes that the movement of talent in the industry is normal, but highlights that experienced fund managers with proven methodologies and strong market trust are becoming critical points for capital flow [11]