Group 1 - The core point of the news is the decline in the stock price of Ruoyuchen, which fell by 5.09% to 35.03 CNY per share, with a trading volume of 180 million CNY and a turnover rate of 2.23%, resulting in a total market capitalization of 10.896 billion CNY [1] - Ruoyuchen Technology Co., Ltd. is based in Guangzhou, China, and was established on May 10, 2011, with its listing date on September 25, 2020. The company specializes in online agency operations, channel distribution, and brand planning, offering services such as brand positioning, store operations, channel distribution, integrated marketing, data mining, and supply chain management [1] - The revenue composition of Ruoyuchen's main business includes 45.75% from proprietary brands, 28.83% from agency operations, and 25.42% from brand management [1] Group 2 - From the perspective of major fund holdings, only one fund under Taikang Fund has a significant position in Ruoyuchen. The Taikang New Return Flexible Allocation Mixed A Fund (001798) increased its holdings by 876 shares in the third quarter, holding a total of 94,800 shares, which accounts for 6.13% of the fund's net value, ranking as the eighth largest holding [2] - The Taikang New Return Flexible Allocation Mixed A Fund (001798) was established on September 23, 2015, with a latest scale of 58.1485 million CNY. Year-to-date returns are 17.53%, ranking 4777 out of 8213 in its category; the one-year return is 12.48%, ranking 5203 out of 8130; and since inception, the return is 66.96% [2]