Core Viewpoint - The technology investment sector is highly competitive, requiring deep industry knowledge and adaptability from investors. Huatai Fund's technology investment team stands out due to its robust industry foundation, systematic research framework, and commitment to long-term value, redefining the "synthesis combat" model in technology investment [1] Performance Summary - Over the past year, several digital and technology products under Huatai Fund have shown impressive performance, with multiple funds achieving net value growth exceeding 50% [2] - Specific fund performance includes: - Huatai North Exchange Innovation Selection Two-Year Open Mixed A: 216.91% return vs. 69.71% benchmark - Huatai Technology Innovation Mixed A: 88.59% return vs. 41.29% benchmark - Huatai Self-Core Technology One-Year Holding Mixed A: 75.56% return vs. 47.72% benchmark - Huatai Mobile Internet Stock A: 57.33% return vs. 51.31% benchmark [3] Long-Term Performance - As of July 2025, Huatai Global Mobile Internet A ranked first among similar products over the past seven years, and third over the past five and three years. Huatai Technology Innovation A ranked in the top 10% for the past five and three years, and in the top 5% for the past year [4][5] Team Structure and Expertise - Huatai's technology investment team consists of nearly 20 members, including around 10 fund managers, combining experienced veterans and emerging talents to form a stable talent pool [8] - The team covers six major sub-industries: electronics, semiconductors, communications, computers, media, and the internet, providing a unique depth and breadth in research [8] Investment Strategy - Huatai emphasizes a multi-layered investment product matrix that spans various fields, including hard technology, internet software, and consumer electronics, managed by specialized fund managers [9] - The investment approach is characterized by a vertical integration research system that enhances resource sharing and collaboration, transforming traditional "individual combat" into "synthesis combat" [11] Global Perspective - The team tracks and researches global technology industry trends, particularly in North America, Japan, and South Korea, to identify investment opportunities while integrating insights into A-share investment decisions [12] Long-Term Vision - Huatai's TMT team believes in a long-term perspective, focusing on the entire lifecycle of industry development to capture companies with sustainable growth potential [14][15] - The team engages in extensive research and contact with companies over several years to understand their governance, management, and motivations, emphasizing the importance of long-term relationships in investment success [16][17]

Core Insights - The article highlights the exceptional performance of the technology investment team at Huatai Fuhua Fund, which has successfully navigated the volatile tech investment landscape through a systematic research approach and a long-term value-oriented strategy [1][9]. Performance Summary - Over the past year, several digital and technology products under Huatai Fuhua have shown remarkable performance, with multiple funds achieving net value growth exceeding 50% [2]. - Specific fund performance includes: - Huatai Fuhua Beijing Stock Exchange Innovation Selection Fund: 216.91% return vs. 69.71% benchmark - Huatai Fuhua Technology Innovation Fund: 88.59% return vs. 41.29% benchmark - Huatai Fuhua Core Technology Fund: 75.56% return vs. 47.72% benchmark - Huatai Fuhua Global Mobile Internet Fund: 57.33% return vs. 51.31% benchmark [3]. Team Structure and Strategy - The technology investment team consists of nearly 20 members, including around 10 fund managers, combining experienced veterans and emerging talents to create a robust talent pipeline [4][5]. - The team covers six major sub-industries: electronics, semiconductors, communications, computers, media, and the internet, ensuring comprehensive industry coverage [5]. - Huatai Fuhua emphasizes a multi-layered investment product matrix that aligns products, personnel, strategies, and clients, allowing for targeted solutions across various sectors [5][6]. Research and Investment Approach - The team adopts a long-term perspective, focusing on the entire lifecycle of industry development, from early-stage technology to market expansion [9]. - Fund managers engage deeply with companies, establishing various touchpoints to understand governance, management, and operational dynamics, often tracking companies for three to five years before investment [11]. - The investment strategy is characterized by a "composite operation" model, enhancing collaboration and resource sharing among team members to create a comprehensive view of the technology landscape [7][8]. Global Perspective - The team not only focuses on the Chinese market but also tracks technological advancements in North America, Japan, and South Korea, leveraging subsidiaries in Hong Kong, the U.S., and Singapore to gain insights into local market trends [8].

Core Viewpoint - The technology investment sector is characterized by rapid changes and high barriers to entry, requiring deep industry understanding and research capabilities to identify genuine investment opportunities [2][10]. Group 1: Performance Highlights - In the past year, several funds under the company have shown remarkable performance, with net value increases exceeding 50% [3]. - Specific fund performance includes: - 汇添富北交所创新精选两年定开混合A: 216.91% return vs. 69.71% benchmark - 汇添富科技创新混合A: 88.59% return vs. 41.29% benchmark - 汇添富自主核心科技一年持有混合A: 75.56% return vs. 47.72% benchmark [4]. - Over a longer time frame, 汇添富全球移动互联A has ranked 1st among peers over the past seven years, and 3rd over the past five and three years [5][6]. Group 2: Team Structure and Strategy - The technology investment team consists of nearly 20 members, including around 10 fund managers, combining experienced veterans and emerging talents to create a stable talent pool [10]. - The team covers six sub-industries: electronics, semiconductors, communications, computers, media, and the internet, providing a comprehensive research approach [10][11]. - The company emphasizes a multi-layered investment product matrix, aligning products, personnel, strategies, and clients to offer targeted solutions [11]. Group 3: Research and Investment Approach - The investment strategy is based on a vertical integration research system that promotes efficient collaboration and resource sharing among team members [13][14]. - Fund managers actively engage in research, ensuring they remain connected to industry developments and trends, which enhances investment decision-making [14]. - The company adopts a long-term perspective, focusing on the entire lifecycle of industry development to identify companies with sustainable growth potential [16][17]. Group 4: Case Studies - A notable case involved identifying a leading company in the optical module sector, where the team recognized a cyclical technology upgrade that would drive profitability despite market concerns [16]. - Another example highlighted the identification of opportunities in the online food delivery market, where the team anticipated market consolidation and growth potential [17].