Group 1 - The core point of the news is the decline in the stock price of Ruoyuchen, which fell by 5.15% to 40.50 CNY per share, with a total market capitalization of 12.598 billion CNY [1] - Ruoyuchen Technology Co., Ltd. is based in Guangzhou, China, and was established on May 10, 2011, with its IPO on September 25, 2020. The company specializes in online agency operations, channel distribution, and brand planning [1] - The revenue composition of Ruoyuchen includes 45.75% from its own brands, 28.83% from agency operations, and 25.42% from brand management services [1] Group 2 - From the perspective of major fund holdings, Ping An Fund has a significant position in Ruoyuchen, with the Ping An Xinli Mixed A Fund holding 25,200 shares, representing 4.65% of the fund's net value [2] - The Ping An Xinli Mixed A Fund has a total scale of 1.3101 million CNY and has achieved a year-to-date return of 53.51%, ranking 836 out of 8244 in its category [2] - The fund has also seen a one-year return of 74.14%, ranking 1033 out of 8080 in its category, and a cumulative return of 77.67% since its inception [2]