Group 1 - The core point of the news is that Torch Electronics experienced a decline of 5.22% in its stock price, reaching 31.43 CNY per share, with a trading volume of 342 million CNY and a turnover rate of 2.25%, resulting in a total market capitalization of 14.947 billion CNY [1] - Torch Electronics, established on December 20, 2007, and listed on January 26, 2015, is primarily engaged in the research, production, sales, testing, and service of electronic components, new materials, and related products [1] - The revenue composition of Torch Electronics includes 53.08% from international trade, 34.32% from self-produced passive components, 7.29% from self-produced ceramic materials, 4.73% from self-produced active components, and 0.57% from other sources [1] Group 2 - Huashan Fund has one fund heavily invested in Torch Electronics, specifically the Huashan Dazheng Mixed A Fund (002181), which increased its holdings by 172,900 shares in the third quarter, totaling 555,400 shares, representing 3.86% of the fund's net value, making it the seventh-largest holding [2] - The Huashan Dazheng Mixed A Fund (002181) was established on August 23, 2017, with a current scale of 268 million CNY, achieving a year-to-date return of 26.74% and a one-year return of 10.47% [2] - The fund manager of Huashan Dazheng Mixed A is Shu Hao, who has been in the position for 7 years and 136 days, with the fund's total asset size at 755 million CNY and a best return of 217.13% during his tenure [3]

Core Viewpoint - Torch Electronics experienced a 5.16% increase in stock price, reaching 40.55 CNY per share, with a trading volume of 434 million CNY and a turnover rate of 2.30%, resulting in a total market capitalization of 19.284 billion CNY [1] Company Overview - Torch Electronics, established on December 20, 2007, and listed on January 26, 2015, is located in Quanzhou, Fujian Province. The company specializes in the research, production, sales, testing, and service of electronic components, new materials, and related products [1] - The revenue composition of Torch Electronics includes: - International trade business: 53.08% - Self-produced passive components: 34.32% - Self-produced ceramic materials: 7.29% - Self-produced active components: 4.73% - Others: 0.57% [1] Fund Holdings - According to data, one fund under Industrial Bank, the Xingye Anbao Optimal Mixed A Fund (006366), has a significant holding in Torch Electronics. In the second quarter, the fund increased its holdings by 45,500 shares, totaling 154,100 shares, which represents 4.47% of the fund's net value, making it the third-largest holding [2] - The Xingye Anbao Optimal Mixed A Fund (006366) was established on December 7, 2018, with a current size of 103 million CNY. Year-to-date returns stand at 23.58%, ranking 3904 out of 8161 in its category, while the one-year return is 28.53%, ranking 3375 out of 8021. Since inception, the fund has achieved a return of 104.75% [2] Fund Manager Information - The fund manager of Xingye Anbao Optimal Mixed A Fund (006366) is Zhang Chao, who has been in the position for 2 years and 160 days. The total asset size of the fund is 352 million CNY, with the best return during his tenure being 44.61% and the worst return being 25.59% [3]

Core Viewpoint - Torch Electronics experienced a 5.01% increase in stock price, reaching 38.74 CNY per share, with a trading volume of 305 million CNY and a turnover rate of 1.70%, resulting in a total market capitalization of 18.423 billion CNY [1] Company Overview - Torch Electronics, established on December 20, 2007, and listed on January 26, 2015, is located in Quanzhou, Fujian Province. The company specializes in the research, production, sales, testing, and service of electronic components, new materials, and related products [1] - The revenue composition of Torch Electronics includes: - International trade business: 53.08% - Self-produced passive components: 34.32% - Self-produced ceramic materials: 7.29% - Self-produced active components: 4.73% - Others: 0.57% [1] Fund Holdings - Minsheng Jianyin Fund has a significant holding in Torch Electronics, with its Minsheng Jianyin Dual-Core Power Mixed A Fund (012495) reducing its stake by 2,000 shares in the second quarter, holding a total of 15,000 shares, which represents 5.6% of the fund's net value, ranking as the seventh largest holding [2] - The Minsheng Jianyin Dual-Core Power Mixed A Fund was established on January 11, 2022, with a current scale of 9.2608 million CNY. Year-to-date returns are 17.9%, ranking 4,617 out of 8,172 in its category, while the one-year return is 34.44%, ranking 4,799 out of 7,980. Since inception, the fund has experienced a loss of 33.48% [2]