Core Viewpoint - The article emphasizes the importance of risk management and absolute returns in investment strategies, highlighting the need for differentiation in a competitive market [2][4]. Group 1: Investment Strategy - The company has focused on the hard technology sector, developing a "small but strong" investment research characteristic [2][4]. - The firm aims to provide more stable returns by optimizing its product matrix and enhancing investor experience [4][6]. - The company is implementing a quantitative strategy to reduce product drawdowns and has successfully launched new quantitative funds [5][6]. Group 2: Research and Development - The company positions itself as a "research-driven" organization, emphasizing the importance of research capabilities as a core competitive advantage [6][7]. - A diversified research team has been established, covering emerging sectors such as AI media, semiconductors, and pharmaceuticals [6][7]. - The firm encourages teamwork within its research department to enhance decision-making efficiency and adapt to market changes [7]. Group 3: Market Position and Performance - As of the second quarter, the company's fixed-income funds ranked 19th in the industry over the past five years, while equity funds ranked 57th, with a notable 4th place in the past year [7]. - The company aspires to be recognized as an "expert in hard technology investment" and a leader in absolute returns, aiming to improve investor experience [7].