截至发稿，邓童累计任职时间4年0天，现任基金资产总规模87.12亿元，任职期间最佳基金回报 78.38%， 任职期间最差基金回报1.78%。 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。 数据显示，招商基金旗下1只基金重仓鸿利智汇。招商国证2000指数增强A（018786）三季度持有股数 14.03万股，占基金净值比例为0.93%，位居第七大重仓股。根据测算，今日浮亏损失约5.33万元。 招商国证2000指数增强A（018786）成立日期2023年8月1日，最新规模3752.55万。今年以来收益 37.57%，同类排名900/4208；近一年收益37.54%，同类排名653/3972；成立以来收益47.72%。 招商国证2000指数增强A（018786）基金经理为邓童。 11月21日，鸿利智汇跌5.07%，截至发稿，报7.12元/股，成交1.31亿元，换手率2.56%，总市值50.41亿 元。 资料显示，鸿利智汇集团股份有限公司位于广东省广州市花都区花东镇先科一路1号， ...

融券方面，鸿利智汇11月17日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量100.00股，融券余额765.00元，低于近一年10%分位水平，处于低位。 资料显示，鸿利智汇集团股份有限公司位于广东省广州市花都区花东镇先科一路1号，成立日期2004年5 月31日，上市日期2011年5月18日，公司主营业务涉及LED器件及其应用产品的研发、生产与销售;联网 营销及汽车互联网服务业务。主营业务收入构成为：LED封装板块74.36%，汽车照明产品21.72%，其 他(补充)3.92%。 11月17日，鸿利智汇涨0.66%，成交额1.70亿元。两融数据显示，当日鸿利智汇获融资买入额1970.26万 元，融资偿还1461.00万元，融资净买入509.25万元。截至11月17日，鸿利智汇融资融券余额合计1.93亿 元。 融资方面，鸿利智汇当日融资买入1970.26万元。当前融资余额1.93亿元，占流通市值的3.56%，融资余 额超过近一年50%分位水平，处于较高位。 分红方面，鸿利智汇A股上市后累计派现4.75亿元。近三年，累计派现1.52亿元。 机构持仓方面，截止2025年9月3 ...

Core Viewpoint - Hongli Zhihui's stock price has shown a slight increase recently, with a notable rise in trading volume and a mixed performance in revenue and profit for the first half of 2025 [1][2]. Financial Performance - As of June 30, 2025, Hongli Zhihui reported a revenue of 2.024 billion yuan, representing a year-on-year growth of 6.45% [2]. - The net profit attributable to shareholders was 15.5673 million yuan, which reflects a significant decrease of 80.44% compared to the previous period [2]. Stock Market Activity - On October 22, 2023, Hongli Zhihui's stock price increased by 2.09%, reaching 7.34 yuan per share, with a trading volume of 100 million yuan and a turnover rate of 1.96% [1]. - The company's market capitalization stood at 5.196 billion yuan [1]. - Year-to-date, the stock price has decreased by 1.81%, but it has seen a 0.96% increase over the last five trading days, a 7.31% increase over the last 20 days, and an 8.26% increase over the last 60 days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders increased to 27,700, with an average of 25,488 circulating shares per person, a decrease of 0.63% [2]. - The total cash dividends distributed by Hongli Zhihui since its A-share listing amount to 475 million yuan, with 152 million yuan distributed over the last three years [3]. Major Shareholders - As of June 30, 2025, Hong Kong Central Clearing Limited is the fifth-largest circulating shareholder, holding 7.997 million shares, an increase of 1.0921 million shares from the previous period [3].

Core Insights - Hongli Zhihui's stock increased by 1.96% on October 15, with a trading volume of 114 million yuan, indicating positive market sentiment [1] - The company reported a financing net buy of -3.12 million yuan on the same day, suggesting a higher level of selling pressure compared to buying [1] - As of October 15, the total margin balance for Hongli Zhihui was 219 million yuan, which is 4.25% of its market capitalization, indicating a relatively high leverage position [1] Financial Performance - For the first half of 2025, Hongli Zhihui achieved operating revenue of 2.024 billion yuan, representing a year-on-year growth of 6.45% [2] - The net profit attributable to shareholders for the same period was 15.57 million yuan, showing a significant decline of 80.44% compared to the previous year [2] Shareholder Information - As of June 30, 2025, the number of shareholders for Hongli Zhihui was 27,700, an increase of 0.63% from the previous period [2] - The average number of circulating shares per shareholder decreased by 0.63% to 25,488 shares [2] - Cumulatively, the company has distributed 404 million yuan in dividends since its A-share listing, with 81.41 million yuan distributed over the past three years [3]

Group 1 - The core viewpoint of the news is that Hongli Zhihui has experienced a significant stock price increase, rising 5.06% on September 22, with a total market value of 5.876 billion yuan and an 8-day cumulative increase of 20.24% [1] - Hongli Zhihui, established on May 31, 2004, and listed on May 18, 2011, is primarily engaged in the research, production, and sales of LED devices and their applications, as well as internet marketing and automotive internet services [1] - The revenue composition of Hongli Zhihui includes 74.36% from LED packaging, 21.72% from automotive lighting products, and 3.92% from other sources [1] Group 2 - From the perspective of fund holdings, Dongfang Fund has a significant position in Hongli Zhihui, with its Dongfang Quantitative Growth Flexible Allocation Mixed A Fund holding 49,300 shares, representing 0.4% of the fund's net value [2] - The fund has generated a floating profit of approximately 19,700 yuan today and a total of 65,600 yuan during the 8-day price increase [2] - The Dongfang Quantitative Growth Flexible Allocation Mixed A Fund, established on March 21, 2018, has a current scale of 73.9046 million yuan and has achieved a year-to-date return of 35.97% [2]

Business Growth and Strategy - The company focuses on its core business areas to enhance profitability by strengthening cooperation with both new and existing customers, optimizing product structure, and expanding sales channels [3] - The main business segments include LED lighting, UV disinfection, automotive lighting, lithium battery production equipment, and information security and system integration [3] Revenue and Partnerships - The company has recently become a supplier for Sunac Group's indoor lighting centralized procurement for 2025-2027, but specific sales data and procurement amounts remain uncertain [4] - The board aims to achieve profitability by implementing strategic measures such as expanding customer cooperation, optimizing product structure, and reducing costs [5][15] Financial Performance and Goals - The company is committed to improving its financial situation to remove the risk warning for stock trading by enhancing operational performance and ensuring net profit turns positive [5][9][15] - The goal for 2026 includes achieving a main business revenue exceeding 300 million [14][15] Cost Control Measures - The company has implemented several cost control measures, including centralized procurement, innovation in research and development, and improving production efficiency to reduce costs [8] - Budget constraints are strictly enforced to manage expenses effectively [8] Future Developments - The company is exploring quantum technology development through its subsidiary, which has created various quantum security products for multiple sectors [6] - Plans for IDC computing power transformation are underway, with the company actively pursuing related business opportunities [7][12] Shareholder Communication - The company encourages investor feedback and aims to maintain transparent communication regarding its operational performance and strategic direction [10][17]