Core Viewpoint - Baofeng Energy's stock price has increased by 5.49% on October 24, reaching 18.25 CNY per share, with a trading volume of 1.012 billion CNY and a turnover rate of 0.76%, resulting in a total market capitalization of 133.834 billion CNY. The stock has seen a cumulative increase of 3.47% over the past three days [1] Company Overview - Baofeng Energy Group Co., Ltd. is located in the Ningdong Energy and Chemical Base in Yinchuan, Ningxia, established on November 2, 2005, and listed on May 16, 2019. The company's main business involves coal-to-olefins, with revenue composition being 85.00% from main products, 14.96% from other products, and 0.04% from leasing income [1] Fund Holdings - According to data from the top ten holdings of funds, one fund under Ping An Asset Management has a significant position in Baofeng Energy. The Ping An CSI New Materials Theme ETF (516890) increased its holdings by 500 shares in the second quarter, totaling 36,600 shares, which accounts for 2.45% of the fund's net value, ranking as the ninth largest holding. The estimated floating profit today is approximately 34,800 CNY, with a floating profit of 21,200 CNY during the three-day increase [2] Fund Performance - The Ping An CSI New Materials Theme ETF (516890) was established on July 9, 2021, with a latest scale of 24.1428 million CNY. Year-to-date returns are 29.86%, ranking 1535 out of 4218 in its category; the one-year return is 23.28%, ranking 1878 out of 3875; since inception, it has a loss of 33.65% [2] - The fund managers, Liu Jieqian and Ma Haoran, have tenures of 6 years and 5 days respectively. Liu's fund has a total asset scale of 3.06 billion CNY, with the best return of 75.48% and the worst return of -38.36% during her tenure. Ma's fund has a total asset scale of 2.782 billion CNY, with the best return of 1.16% and the worst return of -0.49% during his tenure [2]

Core Viewpoint - Ping An Fund announced the appointment of Ma Haoran as a new fund manager for several ETFs, indicating a strategic move to enhance management expertise in key sectors such as automotive parts, photovoltaic, new energy vehicles, and new materials [1][2]. Fund Performance Summary - **Ping An CSI Automotive Parts Theme ETF**: Established on April 29, 2024, with a year-to-date return of 29.60% and a cumulative net value of 1.3657 yuan as of October 20, 2025. The total return since inception is 36.57% [1]. - **Ping An CSI Photovoltaic Industry ETF**: Established on February 9, 2021, with a year-to-date return of 19.99% and a cumulative net value of 0.7508 yuan. The total return since inception is -24.92% [1]. - **Ping An CSI New Energy Vehicle Industry ETF**: Established on December 31, 2019, with a year-to-date return of 47.49% and a cumulative net value of 2.3327 yuan. The total return since inception is 133.20% [1]. - **Ping An CSI New Materials Theme ETF**: Established on July 9, 2021, with a year-to-date return of 28.88% and a cumulative net value of 0.6586 yuan. The total return since inception is -34.15% [2]. - **Ping An CSI New Energy Vehicle ETF Initiated Link A/C**: Established on June 29, 2021, with year-to-date returns of 45.49% and 45.00%, and total returns since inception of -17.16% and -18.58%, with cumulative net values of 0.8284 yuan and 0.8142 yuan respectively [2]. - **Ping An CSI Automotive Parts Theme ETF Initiated Link A/C**: Established on March 4, 2025, with total returns since inception of 12.85%, 12.64%, and 23.87% [2]. Fund Manager Appointment Details - Ma Haoran has been appointed as the new fund manager for multiple ETFs, including the Ping An CSI Automotive Parts Theme ETF, Ping An CSI Photovoltaic Industry ETF, Ping An CSI New Energy Vehicle Industry ETF, and Ping An CSI New Materials Theme ETF [3][4][5]. - The appointment is part of a broader strategy to enhance fund management capabilities within Ping An Fund Management Co., Ltd. [3][4][5].

Group 1 - The core point of the news is the decline in the stock price of Sanan Optoelectronics, which fell by 5.05% to 15.42 CNY per share, with a trading volume of 2.627 billion CNY and a turnover rate of 3.36%, resulting in a total market capitalization of 76.931 billion CNY [1] - Sanan Optoelectronics, established on March 27, 1993, and listed on May 28, 1996, is located in Xiamen, Fujian Province. The company specializes in the research, production, and sales of compound semiconductor materials and devices [1] - The revenue composition of Sanan Optoelectronics includes: 35.96% from materials and waste sales, 30.88% from LED epitaxial chips, 16.68% from integrated circuit products, 15.92% from LED application products, and 0.56% from rent, property, and services [1] Group 2 - From the perspective of major fund holdings, only one fund under Ping An Asset Management has a significant position in Sanan Optoelectronics. The Ping An CSI New Materials Theme ETF (516890) increased its holdings by 1,000 shares in the second quarter, holding a total of 58,200 shares, which accounts for 2.99% of the fund's net value, ranking as the eighth largest holding [2] - The Ping An CSI New Materials Theme ETF (516890) was established on July 9, 2021, with a latest scale of 24.1428 million CNY. Year-to-date, it has achieved a return of 41.66%, ranking 1285 out of 4220 in its category; over the past year, it has returned 35.16%, ranking 1571 out of 3852; since inception, it has incurred a loss of 27.62% [2]