Core Points - The announcement states that Chen Yunzhong has been appointed as the new fund manager for the Guangfa Baifa Big Data Selected Mixed Fund (001741) effective September 16, 2025, replacing Wang Haitao [1] - As of September 15, 2025, the net value of the fund was 1.1430, reflecting a daily increase of 0.35% and a yearly increase of 23.04% [1] Fund Manager Background - Chen Yunzhong is a Chinese national with a master's degree, having previously worked as a researcher at Shanghai Nantou Asset Management Co., Ltd. and Shanghai Nanyao Asset Management Center [1] - He joined Guangfa Fund Management Co., Ltd. in February 2019 and has held various positions, including industry researcher and fund manager for multiple funds since 2021 [1] Fund Performance - The following are the public funds managed by Chen Yunzhong along with their performance: - Guangfa Small and Medium Cap Selected Mixed A (005598): 41.37% return since September 28, 2021 [1] - Guangfa Technology Power Stock (005777): 57.15% return since May 31, 2024 [1] - Guangfa Small Cap Growth Mixed (LOF) C (009132): 20.03% return since March 25, 2025 [1] - Guangfa Small and Medium Cap Selected Mixed C (013955): 32.21% return since October 27, 2021 [1] - Guangfa Growth Start Mixed A (018835): 131.16% return since March 19, 2024 [1] - Guangfa Growth Start Mixed C (018836): 130.15% return since March 19, 2024 [1] - Guangfa Small Cap Growth Mixed (LOF) A (162703): 20.26% return since March 25, 2025 [1] Stock Performance Review - The Guangfa Small and Medium Cap Selected Mixed A fund added Cambricon Technologies in Q3 2024 at an average price of 233.11 and held it for two quarters, exiting in Q1 2025 at an average price of 681.59, resulting in an estimated return of 192.39% [1]

Core Viewpoint - The article highlights the significant growth and investment opportunities in China's military industry, driven by recent geopolitical tensions and upcoming military events, particularly the September 3 parade showcasing new domestic military equipment [4][5][11]. Summary by Sections Military Industry Performance - A-share military-related sectors, including military equipment and drone concepts, experienced a short-term surge, with companies like Zhongtian Rocket and Chengfei Integration hitting the daily limit [4]. - The China Securities Military Index has risen over 20% year-to-date as of August 18, 2025, outperforming many other sectors [4]. Fund Performance - Nearly all 120 defense and military-themed mutual funds have achieved positive returns this year, with 66 funds yielding over 20% and some exceeding 40% [4][5]. - Among funds with over 20 billion yuan in assets, the average return is 25.12%, with the top performers being Bosera Fund's Bosera Military Theme Stock A, Huaxia Fund's Huaxia Military Security Mixed A, and GF Fund's GF Small and Medium Cap Selected Mixed A [5][7]. Fund Manager Insights - Fund manager Zeng Peng of Bosera Military Theme Stock A reported a year-to-date return of 35.84%, significantly outperforming the benchmark [7]. - The fund maintained a high allocation in missile industry chains and sectors like military AI, drones, and information security, anticipating continued strong performance in the third quarter due to geopolitical catalysts [7][11]. Fund Rankings by Size - For funds with 5-20 billion yuan, the top performer is the China Europe High-end Equipment Stock Initiation C, managed by Li Shuai, with a return of 41.04% [9][10]. - In the 1-5 billion yuan category, the China Europe High-end Equipment Stock Initiation A leads with a return of 41.47% [13][14]. - The top fund in the 1 million to 10 million yuan category is the Huafu Guotai Min'an Flexible Allocation Mixed A, achieving a return of 42.72% [16][17]. Future Outlook - The military industry is expected to see a performance boost due to anticipated quarterly reports showing earnings turning points for many military companies and the upcoming military parade [11][18]. - The 14th Five-Year Plan emphasizes modernization in defense and military capabilities, indicating a strategic shift for China's military industry towards leading rather than following [18].

Group 1 - The core viewpoint of the news is that Zhimin Da (688636.SH) has reported significant institutional investment, with 32 institutional investors holding a total of 29.29 million shares, representing 17.46% of the total share capital as of July 24, 2025 [1] - The top ten institutional investors collectively hold 16.29% of the shares, which is an increase of 1.29 percentage points compared to the previous quarter [1] - The report highlights the presence of various public funds, with three funds increasing their holdings and one fund decreasing its holdings, indicating a mixed sentiment among public investors [2] Group 2 - Among public funds, three funds increased their holdings, accounting for 1.92% of the total, while one fund saw a slight decrease [2] - A total of 26 new public funds were disclosed this period, including notable funds such as Changxin National Defense Military Industry Quantitative Mixed A and others [2] - One social security fund was not disclosed in this period, indicating a potential shift in investment strategy or focus [3]

Core Viewpoint - Chengdu Zhimianda Electronics Co., Ltd. has experienced a decline of 9.33% over five consecutive trading days, indicating potential market concerns regarding the company's performance and outlook [1]. Company Overview - Chengdu Zhimianda Electronics is a leading enterprise in the domestic embedded computer industry, providing customized solutions, products, and services based on customer needs [1]. Shareholder Information - Two funds under GF Fund Management have entered the top ten shareholders of Zhimianda, with GF Technology Innovation Mixed A maintaining its position and GF Small and Medium Cap Selected Mixed A increasing its holdings [1]. - GF Technology Innovation Mixed A has achieved a year-to-date return of 19.28%, ranking 562 out of 4,561 in its category, while GF Small and Medium Cap Selected Mixed A has a year-to-date return of 19.15%, ranking 577 out of 4,561 [1]. Fund Manager Profiles - The fund managers for GF Technology Innovation Mixed A and GF Small and Medium Cap Selected Mixed A are Wu Yuanyi and Chen Yunzong, respectively [4][6]. - Wu Yuanyi has a background in finance and has held various positions in research and fund management since 2020 [5]. - Chen Yunzong has been with GF Fund Management since 2019 and has experience in industry research and fund management [6]. Fund Management Company - GF Fund Management was established in August 2003, with a significant shareholding structure where GF Securities holds 54.53% [6].

Group 1 - The core viewpoint of the news is the disclosure of institutional and fund holdings in Zhenyu Technology, indicating a significant presence of institutional investors in the company [1][2] - As of April 21, 2025, a total of 105 institutional investors hold shares in Zhenyu Technology, with a combined holding of 22.34 million shares, representing 20.79% of the total share capital [1] - The top ten institutional investors account for 16.23% of the total shares, with a decrease of 1.62 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, 93 new public funds have disclosed holdings in Zhenyu Technology, including notable funds such as Yongying Advanced Manufacturing Selected Mixed Fund A and GF Small and Medium Cap Selected Mixed Fund A [2] - There are 5 public funds that have not disclosed holdings in the current period, including Huashang Quantitative Progress Mixed Fund and Nuon An Hengxin Mixed Fund [2] - One new social security fund, the National Social Security Fund 104 Portfolio, has disclosed holdings in Zhenyu Technology [2] - The foreign investment perspective shows that one foreign institution, Hong Kong Central Clearing Limited, has not disclosed holdings in the current period [2]

Group 1 - The core viewpoint of the news is the disclosure of the annual report for 2024 by Xiaogoods City, highlighting significant institutional ownership and changes in shareholding among public funds and social security funds [1][2] Group 2 - As of March 26, 2025, a total of 71 institutional investors hold shares in Xiaogoods City, with a combined holding of 3.712 billion shares, representing 67.70% of the total share capital [1] - The top ten institutional investors account for 64.42% of the total shares, with a slight decrease of 0.68 percentage points compared to the previous quarter [1] - In the public fund sector, two funds reduced their holdings, accounting for a decrease of 0.13%, while three new public funds were disclosed [2] - One social security fund, the National Social Security Fund 110 Portfolio, also reported a decrease in holdings by 0.26% compared to the previous quarter [2]