Core Insights - The article highlights the significant growth in the scale of multiple funds under Yongying Technology, particularly the Yongying Technology Smart Selection fund, which saw a cumulative subscription of over 10 billion units in Q3, despite over 7 billion units being redeemed [1][2] Fund Performance - Yongying Technology Smart Selection fund reported a cumulative return exceeding 190% for the first three quarters of the year, attracting substantial investor interest [2] - In Q3, the A and C class shares of the fund received over 10 billion units in subscriptions, with C class shares alone accounting for over 9.2 billion units in a single quarter [2] - The C class shares increased from 620 million units at the beginning of the quarter to 2.78 billion units by the end [2] Portfolio Adjustments - The fund's primary investment focus remains on the CPO (Co-Packaged Optics) sector, with notable changes in the top holdings, including the exit of Shenghong Technology, Industrial Fulian, and Yuanjie Technology from the top ten [2] - New entrants to the top ten holdings include Shiying Technology, Lanke Technology, and Shijia Photon [2] Other Fund Developments - Other funds in the Yongying Smart Selection series also reported significant scale changes, such as the Yongying Pioneer Semiconductor Smart Selection fund, which gained over 230 million units in subscriptions shortly after its establishment [3] - The Yongying New Materials Smart Selection fund saw its C class shares grow from less than 2 million units to approximately 589 million units after receiving over 950 million units in subscriptions [3] - The Yongying Hong Kong Stock Connect Technology Smart Selection fund achieved over 1.6 billion units in subscriptions within just over two months of its establishment [3] Risk Control Measures - All funds in the Yongying Smart Selection series included similar risk control reminders in their Q3 reports, indicating a unified approach by the company [4] - The company emphasizes the importance of rational investment decisions and risk management, advising investors to understand the industries involved and potential volatility before making investment decisions [4][5] - Recommendations include diversifying investments to mitigate risks and avoiding attempts to predict short-term market fluctuations [5]