导语：华夏李俊偏被动量化，适合新手和保守型基民；财通金梓才和永赢李文宾更激进，追求高回报但 波动大；诺安刘慧影和广发刘格菘更注重平衡。 二、金梓才（财通基金，财通成长优选） 金梓才从业逾10年，专注科技成长股投资。他管理的基金如财通成长优选混合，2025年回报率约 59.13%，位居同类前列，重仓AI算力股如中际旭创和新易盛。 特点：行业轮动高手，强调AI产业周期研判，2025年精准布局海外算力传导至A股的机会。投资风格偏 成长，集中持仓（前十大占比超70%），但通过动态调整分散风险。相比纯指数跟踪，他更注重Alpha挖 掘，如提前配置人形机器人概念股。风险方面，波动较大，适合高风险偏好投资者。 三、李文宾（永赢基金，永赢科技驱动） 作者：张清 2025年，人工智能（AI）作为A股市场的最大热点，可以说是带动了整个行情的进行。所谓时势造英 雄，这期间，一批优秀的基金经理通过深度产业研判、量化模型和成长价值平衡等策略，纷纷实现超额 回报。本文选取五位在人工智能（AI）主题基金领域表现突出的基金经理，包括华夏人工智能AI ETF （515070）的基金经理李俊，以及金梓才、李文宾、刘格菘和刘慧影。他们管理的基金在 ...

Core Viewpoint - The launch of the floating fee rate fund, Guangfa Value Steady Mixed Fund (024448), is seen as a significant step in aligning fund manager incentives with investor returns, but the effectiveness of this new fee structure remains to be tested in the market [2][12]. Fund Structure and Management - Guangfa Value Steady Mixed Fund adopts a dual fee structure of "base management fee + performance fee," where the management fee is set at 1.5% if annualized excess returns exceed 6%, and reduced to 0.6% if excess returns are negative and below -3% [2][12]. - Wang Mingxu, the proposed fund manager, has a mixed track record, with some funds significantly underperforming their benchmarks [3][11]. Performance Analysis - Wang Mingxu currently manages over 10 billion yuan across seven products, with notable performance discrepancies; for instance, Guangfa Balanced Preferred Mixed Fund (010379) has returned -3.4% since his appointment, lagging its benchmark by 6.3 percentage points [3][11]. - Over the past three years, more than 60% of Guangfa's actively managed equity products have underperformed their benchmarks by over 10 percentage points, raising concerns about the alignment of management compensation with investor returns [11][12]. Employee Compensation and Shareholding - Guangfa Fund's employee shareholding platform has distributed nearly 600 million yuan in dividends over the past five years, with significant amounts going to top executives, highlighting a disparity between management income and investor returns [5][8]. - The shareholding structure includes several high-ranking executives, indicating a strong financial incentive tied to the fund's performance, yet the actual returns for investors have been disappointing [6][12]. Regulatory Context - The floating fee rate initiative is part of a broader regulatory push to reform the public fund industry, aiming to better align fund company revenues with investor returns and establish a performance-based incentive system [2][12]. - The regulatory framework emphasizes the need for fund managers to be held accountable for long-term performance, with penalties for those consistently underperforming [12].

Core Viewpoint - JinkoSolar Technology Co., Ltd. has experienced a significant decline in stock price, with a cumulative drop of -22.03% over the last seven trading days, indicating potential concerns in the market regarding the company's performance and outlook [1] Group 1: Company Performance - JinkoSolar is recognized as a leading global supplier of photovoltaic power generation solutions [1] - The company's stock has seen a notable decrease, with a drop of -22.03% over the past seven trading days [1] - The performance of funds managed by GF Fund Management shows mixed results, with GF High-end Manufacturing Stock A fund yielding -7.23% year-to-date, ranking 991 out of 1001 in its category [1] - GF Technology Pioneer Mixed fund has a year-to-date return of -1.30%, ranking 3796 out of 4592 [1] - GF Industry Select Three-Year Holding Period Mixed A fund has a year-to-date return of -0.97%, ranking 3699 out of 4592 [1] Group 2: Fund Management - Three funds under GF Fund Management have entered the top ten shareholders of JinkoSolar, indicating institutional interest [1] - The fund managers for these funds include Zheng Chengran and Liu Gesong, both of whom have extensive experience in fund management [5][6] - Zheng Chengran has been managing multiple funds since 2020, while Liu Gesong has a tenure of nearly 11 years in fund management [5][6]

Group 1 - JinkoSolar Technology Co., Ltd. has experienced a decline in stock price for six consecutive trading days, with a cumulative drop of -13.34% [1] - JinkoSolar is recognized as a leading global supplier of photovoltaic power generation solutions [1] - Three funds managed by GF Fund Management have entered the top ten shareholders of JinkoSolar, with GF High-end Manufacturing Stock A increasing its holdings in Q4 of last year [1] Group 2 - The performance of GF High-end Manufacturing Stock A has seen a year-to-date return of -7.23%, ranking 920 out of 930 in its category [1] - GF Technology Pioneer Mixed Fund has a year-to-date return of -1.30%, ranking 3576 out of 4331 [1] - GF Industry Select Three-Year Holding Period Mixed A has a year-to-date return of -0.97%, ranking 3190 out of 3968 [1] Group 3 - The fund managers for the mentioned funds are Zheng Chengran and Liu Gesong, with Zheng managing multiple funds since 2020 [4][5] - Liu Gesong holds a Ph.D. in economics and has been managing funds at GF Fund Management since 2013 [6]