截至发稿，崔蕾累计任职时间7年68天，现任基金资产总规模1227.6亿元，任职期间最佳基金回报 234.52%， 任职期间最差基金回报-15.93%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，南方基金旗下1只基金位居易点天下十大流通股东。南方中证1000ETF（512100）三季度减 持3.04万股，持有股数302.07万股，占流通股的比例为0.81%。根据测算，今日浮盈赚取约2359.15万 元。连续3天上涨期间浮盈赚取3425.45万元。 南方中证1000ETF（512100）成立日期2016年9月29日，最新规模766.3亿。今年以来收益7.05%，同类 排名1300/5579；近一年收益45.31%，同类排名1627/4202；成立以来收益22.43%。 南方中证1000ETF（512100）基金经理为崔蕾。 1月12日，易点天下涨14.82%，截至发稿，报60.50元/股，成交5.49亿元，换手率2.44%，总市值285.4 ...

Core Viewpoint - The company, 易点天下, has shown significant trading activity and financial performance, with notable increases in revenue and shareholder engagement. Group 1: Financial Performance - As of January to September 2025, the company achieved a revenue of 2.717 billion yuan, representing a year-on-year growth of 54.94% [2] - The net profit attributable to shareholders for the same period was 204 million yuan, reflecting a year-on-year increase of 4.41% [2] Group 2: Shareholder and Trading Activity - As of December 12, 2025, the number of shareholders increased to 75,500, a rise of 38.95% compared to the previous period [2] - The average number of circulating shares per shareholder decreased to 4,948 shares, down by 28.03% from the previous period [2] - On December 29, 2025, the company recorded a financing buy-in of 176 million yuan and a net buy of 19.01 million yuan, with a total financing balance of 1.093 billion yuan [1] - The financing balance accounted for 6.56% of the circulating market value, indicating a high level of financing activity [1] Group 3: Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited, which increased its holdings by 4.5805 million shares to 8.0164 million shares [3] - The South China CSI 1000 ETF reduced its holdings by 30,400 shares, holding 3.0207 million shares [3] - A new institutional shareholder, 诺安积极回报混合A, entered the top ten with 2.7171 million shares [3]

Core Insights - On December 4, Yidian Tianxia's stock fell by 2.40%, with a trading volume of 1.664 billion yuan [1] - As of November 20, the number of shareholders increased to 54,300, a rise of 12.74% [2] - For the period from January to September 2025, Yidian Tianxia reported a revenue of 2.717 billion yuan, a year-on-year increase of 54.94% [2] Financing and Margin Trading - On December 4, Yidian Tianxia had a financing buy-in of 167 million yuan and a net financing outflow of 30.44 million yuan [1] - The total margin trading balance reached 1.011 billion yuan, accounting for 5.83% of the circulating market value, indicating a high level compared to the past year [1] - The company had a margin balance of 3.0823 million yuan with a remaining short position of 84,100 shares, also at a high level compared to the past year [1] Shareholder and Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited, which increased its holdings by 4.5805 million shares [3] - The average number of circulating shares per shareholder decreased by 11.30% to 6,875 shares [2] - New institutional shareholders included Nuoan Active Return Mixed A, while several others exited the top ten list [3] Dividend Distribution - Yidian Tianxia has distributed a total of 147 million yuan in dividends since its A-share listing [3]

Core Viewpoint - Epoint Technology's stock has experienced fluctuations, with a recent decline of 2.05% and a total market capitalization of 17.356 billion yuan, despite a year-to-date increase of 31.01% [1] Company Overview - Epoint Technology, established on April 6, 2005, and listed on August 19, 2022, is based in Xi'an, Shaanxi Province. The company specializes in performance advertising services, brand advertising services, and management of top media accounts. The revenue composition is as follows: performance advertising marketing services 96.62%, advertising agency services 2.89%, and others 0.49% [1][2] Financial Performance - For the period from January to September 2025, Epoint Technology achieved a revenue of 2.717 billion yuan, representing a year-on-year growth of 54.94%. The net profit attributable to shareholders was 204 million yuan, with a year-on-year increase of 4.41% [2] Stock Performance and Trading Activity - As of December 4, Epoint Technology's stock price was 36.78 yuan per share, with a trading volume of 1.075 billion yuan and a turnover rate of 7.69%. The stock has seen a net outflow of 87.9513 million yuan in principal funds, with significant buying and selling activity [1] - The stock has appeared on the "Dragon and Tiger List" four times this year, with the most recent instance on November 24, where it recorded a net buy of -325 million yuan [1] Shareholder Information - As of November 20, the number of shareholders increased to 54,300, a rise of 12.74%. The average circulating shares per person decreased by 11.30% to 6,875 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 4.5805 million shares, and new entrant Noan Active Return Mixed A [3]

Core Viewpoint - The stock of Yidian Tianxia has experienced significant fluctuations, with a year-to-date increase of 55.16% and a recent decline of 2.13% on November 28, 2023, indicating volatility in investor sentiment and market conditions [1][2]. Company Overview - Yidian Tianxia Network Technology Co., Ltd. was established on April 6, 2005, and went public on August 19, 2022. The company is based in Xi'an, Shaanxi Province, and primarily engages in performance advertising services, brand advertising services, and management of top media accounts [1][2]. - The company's revenue composition is heavily weighted towards performance advertising marketing services, which account for 96.62% of total revenue, while advertising agency services and other services contribute 2.89% and 0.49%, respectively [1]. Financial Performance - For the period from January to September 2025, Yidian Tianxia reported a revenue of 2.717 billion yuan, reflecting a year-on-year growth of 54.94%. The net profit attributable to shareholders was 204 million yuan, showing a modest increase of 4.41% year-on-year [2]. - The company has distributed a total of 147 million yuan in dividends since its A-share listing [3]. Shareholder and Market Activity - As of November 20, 2023, the number of shareholders increased to 54,300, up by 12.74%, while the average number of circulating shares per shareholder decreased by 11.30% to 6,875 shares [2]. - The stock has appeared on the "Dragon and Tiger List" four times this year, with the most recent instance on November 24, 2023, where it recorded a net buy of -325 million yuan [1]. Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 8.0164 million shares, an increase of 4.5805 million shares from the previous period. New institutional investors include Nuoan Active Return Mixed A, which holds 2.7171 million shares [3].

Core Viewpoint - The stock of Yidian Tianxia has experienced fluctuations, with a recent decline of 2.01% and a total market capitalization of 14.27 billion yuan, while the company shows a year-to-date stock price increase of 7.72% [1] Company Overview - Yidian Tianxia Network Technology Co., Ltd. is located in Xi'an, Shaanxi Province, and was established on April 6, 2005. The company went public on August 19, 2022. Its main business includes performance advertising services (96.62% of revenue), brand advertising services (2.89%), and other services (0.49%) [1][2] Financial Performance - For the period from January to September 2025, Yidian Tianxia achieved operating revenue of 2.717 billion yuan, representing a year-on-year growth of 54.94%. The net profit attributable to the parent company was 204 million yuan, with a year-on-year increase of 4.41% [2] Shareholder Information - As of October 31, 2025, the number of shareholders of Yidian Tianxia was 53,300, an increase of 1.15% from the previous period. The average circulating shares per person decreased by 1.14% to 7,011 shares [2] Market Activity - The stock has seen significant trading activity, with a net outflow of 22.21 million yuan in principal funds recently. The company has appeared on the "Dragon and Tiger List" twice this year, with the latest instance on August 1, where it recorded a net buy of -383 million yuan [1]

Core Viewpoint - The company demonstrated strong growth and resilience in its business operations, achieving significant revenue and profit increases despite a complex macroeconomic environment [1][5]. Group 1: Financial Performance - In the first three quarters of 2025, the company reported a revenue of 2.717 billion yuan, a year-on-year increase of 54.94%, and a net profit attributable to shareholders of 204 million yuan, up 4.41% [1]. - For the third quarter alone, the company achieved a revenue of 980 million yuan, reflecting a year-on-year growth of 46.80% [1]. - After excluding foreign exchange gains and share-based payment impacts, the net profit for the third quarter reached 89.72 million yuan, marking a 16.95% increase [1]. Group 2: Revenue Drivers - The significant revenue growth was primarily driven by the increase in performance advertising service income, supported by the recovery of the global digital marketing market and an optimized client structure [2]. - The company has improved its penetration in key sectors such as e-commerce, entertainment, and online education, contributing to the expansion of its business scale [2]. Group 3: Cash Flow and Financial Health - As of September 30, 2025, the company’s total assets reached 6.252 billion yuan, an increase of 8.32% from the beginning of the year, with cash reserves of 2.459 billion yuan [3]. - Although the net cash flow from operating activities decreased year-on-year, the cash flow from investment activities turned positive at approximately 207.35 million yuan, indicating improved flexibility in fund utilization and asset allocation [3]. Group 4: Investment in R&D and Talent - The company increased its investment in technology research and development, with R&D expenses reaching 109 million yuan, a year-on-year increase of 64.52% [4]. - The rise in sales and management expenses reflects the company's focus on business expansion and team development while building long-term capabilities [4]. Group 5: Future Outlook - The company is expected to deepen its focus on performance marketing and move towards a new stage of high-quality growth, leveraging its accumulated client resources, technological platforms, and data capabilities [5]. - With ongoing efforts to strengthen its core business, manage risks, and enhance operational efficiency, the company is poised to solidify its leading position in the performance advertising sector [5].

Core Viewpoint - 易点天下's stock price decreased by 4.84% on October 10, with a trading volume of 1.08 billion yuan, indicating a potential decline in investor confidence [1] Financing Summary - On October 10, 易点天下 had a financing buy-in amount of 110 million yuan and a financing repayment of 130 million yuan, resulting in a net financing outflow of 19.43 million yuan [1] - The total financing and margin trading balance for 易点天下 reached 652 million yuan, with the financing balance of 649 million yuan accounting for 4.14% of the circulating market value, which is above the 50th percentile over the past year [1] - In terms of margin trading, 易点天下 repaid 7,000 shares and sold 2,300 shares on October 10, with a selling amount of 76,400 yuan, while the margin balance was 2.21 million yuan, exceeding the 80th percentile over the past year [1] Business Performance - For the first half of 2025, 易点天下 reported a revenue of 1.737 billion yuan, representing a year-on-year growth of 59.95%, and a net profit attributable to shareholders of 144 million yuan, up 8.81% year-on-year [2] - The company's main business revenue composition includes 96.62% from performance advertising services, 2.89% from advertising agency services, and 0.49% from other services [1] Shareholder Information - As of August 29, 易点天下 had 57,800 shareholders, a decrease of 8.64% from the previous period, while the average circulating shares per person increased by 9.45% to 6,463 shares [2] - The company has distributed a total of 147 million yuan in dividends since its A-share listing [3] - Among the top ten circulating shareholders, 易方达供给改革混合 (002910) is the fourth largest with 4.665 million shares, while 香港中央结算有限公司 is the fifth largest with 3.436 million shares, having increased its holdings by 1.052 million shares [3]

Group 1 - The core viewpoint of the news is that 易点天下 (Yidian Tianxia) has seen a stock price increase of 5.01%, reaching 33.97 yuan per share, with a trading volume of 504 million yuan and a turnover rate of 4.06%, resulting in a total market capitalization of 16.03 billion yuan [1] - 易点天下 is primarily engaged in performance advertising services, which account for 96.62% of its revenue, followed by advertising agency services at 2.89% and other services at 0.49% [1] - The company was established on April 6, 2005, and went public on August 19, 2022, with its headquarters located in Xi'an, Shaanxi Province [1] Group 2 - From the perspective of fund holdings, 银河文体娱乐混合A (Yinhe Wenti Yule Mixed A) fund holds 270,000 shares of 易点天下, representing 4.98% of the fund's net value, making it the ninth largest holding [2] - The fund has a total size of 116 million yuan and has achieved a year-to-date return of 11.01%, ranking 5714 out of 8173 in its category, while its one-year return stands at 55.31%, ranking 2524 out of 8003 [2] - The fund manager, 卢轶乔 (Lu Yiqiao), has a tenure of 12 years and 282 days, with the best fund return during his tenure being 89.46% and the worst being -44.9% [2]

Group 1 - The core viewpoint of the news is that 易点天下 (Yidian Tianxia) experienced a stock price increase of 5.05%, reaching 33.09 CNY per share, with a trading volume of 1.88 billion CNY and a turnover rate of 1.54%, resulting in a total market capitalization of 156.15 billion CNY [1] - 易点天下 is located in Xi'an, Shaanxi Province, and was established on April 6, 2005, with its IPO on August 19, 2022. The company's main business includes performance advertising services, brand advertising services, and management services for top media accounts [1] - The revenue composition of 易点天下 is as follows: performance advertising marketing services account for 96.62%, advertising sales agency services for 2.89%, and other services for 0.49% [1] Group 2 - 南方中证1000ETF (Southern CSI 1000 ETF) is among the top ten circulating shareholders of 易点天下, having increased its holdings by 927,100 shares in the second quarter, totaling 3,051,100 shares, which represents 0.99% of the circulating shares [2] - The estimated floating profit from this investment is approximately 4.85 million CNY [2] - 南方中证1000ETF was established on September 29, 2016, with a current scale of 649.53 billion CNY. Year-to-date returns are 26.83%, ranking 1839 out of 4222 in its category, while the one-year return is 71.65%, ranking 1252 out of 3805 [2]