Group 1 - The core viewpoint of the news is that Songsheng Co., Ltd. has seen a significant increase in its stock price, with a rise of 5.31% to 34.48 CNY per share, and a total market capitalization of 4.237 billion CNY [1] - Songsheng Co., Ltd. specializes in the research, production, and sales of medium and high-power LED driver power supply products, with its main business revenue composition being 85.40% from high-power LED driver power supplies, 13.02% from medium-power LED driver power supplies, and minor contributions from energy storage products and others [1] - The company is located in Shenzhen, Guangdong Province, and was established on July 8, 2011, with its listing date on June 7, 2021 [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under ICBC Credit Suisse holds a significant position in Songsheng Co., Ltd., with the ICBC Joy Mixed A Fund (011729) holding 16,200 shares, accounting for 0.13% of the fund's net value [2] - The ICBC Joy Mixed A Fund has achieved a year-to-date return of 25.34% and ranks 3281 out of 8184 in its category, with a one-year return of 43% and a ranking of 3230 out of 7971 [2] Group 3 - The fund manager of ICBC Joy Mixed A Fund is Jiao Wenlong, who has a tenure of 10 years and 111 days, with the fund's total asset scale at 9.24 billion CNY [3] - The best and worst fund returns during Jiao Wenlong's tenure are 88.94% and -89.8%, respectively [3] - Another fund manager, He Shun, has a tenure of 1 year and 319 days, with a total asset scale of 6.865 billion CNY, and the best and worst returns during his tenure are 56.88% and 4.69%, respectively [3]

Group 1 - The core viewpoint of the article is that Guosheng Technology (603778.SH) has reported an increase in institutional ownership in its A-shares, reaching a total of 1.21 billion shares held by four institutional investors, accounting for 18.40% of the total share capital [1] - The institutional investors include Guosheng Energy Co., Ltd., Guosheng Shian Technology Co., Ltd. - Phase II Employee Stock Ownership Plan, BARCLAYS BANK PLC, and ICBC Aggregate Mixed A, with a total increase in institutional holding ratio of 0.91 percentage points compared to the previous quarter [1] - In terms of public funds, one new public fund was disclosed this period, which is ICBC Aggregate Mixed A, indicating a slight increase in public fund interest [1] - Regarding foreign investment, one new foreign institution was disclosed this period, which is BARCLAYS BANK PLC, reflecting a growing interest from foreign investors [1]

Core Viewpoint - The article discusses the evolution and achievements of ICBC Credit Suisse Asset Management (工银瑞信基金) over the past 20 years, highlighting its strengths in equity investment, fixed income management, and pension finance, while also addressing the challenges posed by industry transformation [2][3][13]. Equity Investment - Active equity investment remains a core competitive advantage for public funds, with ICBC Credit Suisse demonstrating significant performance in this area. The company launched its first product, the ICBC Core Value Mixed Fund, in August 2005, which has since achieved a cumulative return of 879.29% and an excess return of 560.06% over its benchmark [3]. - ICBC Credit Suisse has been recognized as a leading "active equity powerhouse," with its active equity products ranking first in excess returns over the past five and seven years among large equity companies [3]. Fixed Income Management - Fixed income investment is crucial for stabilizing fund assets and reducing investment risks. ICBC Credit Suisse's fixed income team has excelled in complex market conditions, with 33 of its funds ranking in the top 25% of their categories [5]. - The team consists of experienced investment managers and researchers who utilize diversified investment portfolios to optimize asset allocation and mitigate risks [5]. Pension Finance - With the aging population in China, pension finance has become increasingly important. ICBC Credit Suisse has prioritized pension business as a key long-term strategy, managing 263 corporate pension portfolios with assets totaling 299.7 billion yuan, ranking it among the top in the industry [7]. - The company has developed a series of target date and target risk funds to meet the diverse pension needs of different age groups, enhancing its offerings in the personal pension market [8]. Diversification and Global Expansion - ICBC Credit Suisse has actively explored overseas business and index investment, achieving notable performance in passive investment. Its products have been recognized for their strong performance in various categories, including the ICBC National Index Hong Kong Stock Connect Technology ETF [10]. - The company has established a comprehensive index product lineup, providing effective investment tools for investors to navigate different market conditions [10]. Support from Shareholders - The growth of bank-affiliated fund companies like ICBC Credit Suisse is supported by strong shareholder backing and a stable governance structure, which facilitates seamless strategic decision-making and resource allocation [12]. - The company's commitment to compliance and risk management has been a cornerstone of its operational strategy, ensuring high-quality development [12].