截至发稿，张琦累计任职时间15年147天，现任基金资产总规模27.73亿元，任职期间最佳基金回报 201.46%， 任职期间最差基金回报-19.09%。 数据显示，国寿安保基金旗下1只基金位居力星股份十大流通股东。国寿安保智慧生活股票A （001672）三季度持有股数366.83万股，持股数量与上期相比不变，占流通股的比例为1.59%。根据测 算，今日浮盈赚取约396.17万元。连续4天上涨期间浮盈赚取605.26万元。 国寿安保智慧生活股票A（001672）成立日期2015年9月1日，最新规模22.1亿。今年以来收益28.41%， 同类排名1469/4206；近一年收益32.92%，同类排名1218/4006；成立以来收益201.51%。 国寿安保智慧生活股票A（001672）基金经理为张琦。 11月27日，力星股份涨5.39%，截至发稿，报21.10元/股，成交1.99亿元，换手率4.18%，总市值62.04亿 元。力星股份股价已经连续4天上涨，区间累计涨幅8.98%。 资料显示，江苏力星通用钢球股份有限公司位于江苏省如皋市如城街道兴源大道68号，成立日期2000年 12月12日，上市日期2015年2月1 ...

Core Points - Lixing Co., Ltd. experienced a stock price increase of 5.06%, reaching 19.30 CNY per share, with a trading volume of 345 million CNY and a turnover rate of 8.09%, resulting in a total market capitalization of 5.675 billion CNY [1] Company Overview - Jiangsu Lixing General Steel Ball Co., Ltd. was established on December 12, 2000, and went public on February 17, 2015. The company specializes in the research, production, and sales of precision bearing rolling elements [1] - The main revenue composition of the company includes: steel balls (85.00%), rollers (13.25%), processing and packaging services (1.15%), waste sales (0.58%), ceramic balls (0.01%), and others (0.00%) [1] Shareholder Information - Among the top ten circulating shareholders of Lixing Co., Ltd., the Guoshou Anbao Fund holds a significant position. The Guoshou Anbao Smart Life Stock A Fund (001672) maintained its holding of 3.6683 million shares in the third quarter, representing 1.59% of the circulating shares [2] - The Guoshou Anbao Smart Life Stock A Fund was established on September 1, 2015, with a current scale of 2.21 billion CNY. Year-to-date returns stand at 29.84%, ranking 1463 out of 4208 in its category, while the one-year return is 27.82%, ranking 1266 out of 3972 [2] Fund Manager Information - The fund manager of Guoshou Anbao Smart Life Stock A is Zhang Qi, who has a cumulative tenure of 15 years and 141 days. The total asset size of the fund is 2.773 billion CNY, with the best fund return during his tenure being 212.8% and the worst being -19.09% [3]

Core Viewpoint - Lixing Co., Ltd. has experienced a significant stock price increase of 79.86% year-to-date, but has recently faced a decline of 10.96% over the past five trading days, indicating potential volatility in its stock performance [1]. Company Overview - Lixing Co., Ltd. is located in Rugao City, Jiangsu Province, and was established on December 12, 2000. The company was listed on February 17, 2015, and specializes in the research, production, and sales of precision bearing rolling elements [1]. - The main revenue composition of the company includes steel balls (85.00%), rollers (13.25%), processing and packaging services (1.15%), waste sales (0.58%), ceramic balls (0.01%), and others (0.00%) [1]. Financial Performance - For the period from January to September 2025, Lixing Co., Ltd. achieved an operating income of 814 million yuan, representing a year-on-year growth of 4.81%. The net profit attributable to the parent company was 51.65 million yuan, reflecting a year-on-year increase of 1.83% [2]. - The company has distributed a total of 499 million yuan in dividends since its A-share listing, with 169 million yuan distributed over the past three years [3]. Shareholder Information - As of October 31, 2025, the number of shareholders of Lixing Co., Ltd. was 29,500, an increase of 1.33% from the previous period. The average number of circulating shares per shareholder was 7,812, a decrease of 1.31% [2]. - As of September 30, 2025, the fifth largest circulating shareholder was China Life Asset Management's Wisdom Life Stock A, holding 3.6683 million shares, with no change in the number of shares held compared to the previous period [3]. Market Activity - On November 11, Lixing Co., Ltd. saw a stock price drop of 2.02%, trading at 19.91 yuan per share with a total transaction volume of 188 million yuan and a turnover rate of 4.05%. The total market capitalization was 5.854 billion yuan [1]. - The company has appeared on the "Dragon and Tiger List" five times this year, with the most recent appearance on September 25, where it recorded a net purchase of 14.5795 million yuan [1].

Group 1 - The core point of the news is that Lixing Co., Ltd. experienced a decline of 5.29% in its stock price, reaching 22.92 CNY per share, with a trading volume of 394 million CNY and a turnover rate of 7.26%, resulting in a total market capitalization of 6.739 billion CNY [1] - Lixing Co., Ltd. is based in Rugao City, Jiangsu Province, and was established on December 12, 2000. The company was listed on February 17, 2015, and its main business involves the research, production, and sales of precision bearing rolling elements [1] - The revenue composition of Lixing Co., Ltd. is as follows: steel balls account for 85.00%, rollers 13.25%, processing and packaging services 1.15%, waste sales 0.58%, ceramic balls 0.01%, and others 0.00% [1] Group 2 - From the perspective of the top ten circulating shareholders, Guoshou Anbao Fund has a fund that ranks among the top shareholders of Lixing Co., Ltd. The fund, Guoshou Anbao Smart Life Stock A (001672), held 3.6683 million shares in the third quarter, unchanged from the previous period, representing 1.59% of the circulating shares [2] - The estimated floating loss for Guoshou Anbao Smart Life Stock A (001672) today is approximately 4.6954 million CNY. The fund was established on September 1, 2015, with a current scale of 2.21 billion CNY. Year-to-date returns are 38.66%, ranking 1211 out of 4216 in its category; the one-year return is 48.99%, ranking 764 out of 3896; and since inception, the return is 225.58% [2] Group 3 - The fund manager of Guoshou Anbao Smart Life Stock A (001672) is Zhang Qi, who has a cumulative tenure of 15 years and 124 days. The total asset size of the fund is 2.773 billion CNY, with the best fund return during his tenure being 227.32% and the worst being -19.09% [3]

Group 1 - The core point of the news is that Lixing Co., Ltd. experienced a stock price increase of 5.55%, reaching 20.91 CNY per share, with a trading volume of 425 million CNY and a turnover rate of 9.19%, resulting in a total market capitalization of 6.148 billion CNY [1] - Lixing Co., Ltd. is based in Rugao City, Jiangsu Province, and was established on December 12, 2000. The company was listed on February 17, 2015, and its main business involves the research, production, and sales of precision bearing rolling elements [1] - The revenue composition of Lixing Co., Ltd. is as follows: steel balls account for 85.00%, rollers 13.25%, processing and packaging services 1.15%, waste sales 0.58%, ceramic balls 0.01%, and others 0.00% [1] Group 2 - From the perspective of the top ten circulating shareholders, Guoshou Anbao Fund has increased its holdings in Lixing Co., Ltd. by 100,000 shares, bringing its total to 3.6683 million shares, which represents 1.59% of the circulating shares [2] - The Guoshou Anbao Smart Life Stock A fund (001672) was established on September 1, 2015, and has a current scale of 1.828 billion CNY. Year-to-date returns are 35.19%, ranking 1191 out of 4218 in its category, while the one-year return is 45.85%, ranking 576 out of 3875 [2]

Core Points - The stock price of Lixing Co., Ltd. dropped by 2.03% on October 21, trading at 20.31 yuan per share with a total market capitalization of 5.972 billion yuan [1] - Year-to-date, Lixing's stock price has increased by 83.47%, with a 1.60% rise over the last five trading days and a 28.71% increase over the last 20 days [1] - The company has appeared on the trading leaderboard five times this year, with the most recent instance on September 25, where it recorded a net purchase of 14.5795 million yuan [1] Financial Performance - For the first half of 2025, Lixing achieved a revenue of 535 million yuan, representing a year-on-year growth of 4.53%, and a net profit attributable to shareholders of 37.5578 million yuan, up by 5.94% [2] - Cumulative cash dividends since the company's A-share listing amount to 499 million yuan, with 169 million yuan distributed over the past three years [3] Shareholder Information - As of September 30, the number of shareholders for Lixing was 25,800, a decrease of 11.63% from the previous period, while the average circulating shares per person increased by 13.16% to 8,930 shares [2] - Among the top ten circulating shareholders, Guoshou Anbao Wisdom Life Stock A is the third largest, holding 3.6683 million shares, an increase of 100,000 shares from the previous period [3]

Group 1 - The core point of the news is that Lixing Co., Ltd. experienced a decline of 5.03% in its stock price, closing at 18.88 yuan per share, with a trading volume of 174 million yuan and a turnover rate of 3.94%, resulting in a total market capitalization of 5.551 billion yuan [1] - Lixing Co., Ltd. is based in Rugao City, Jiangsu Province, and was established on December 12, 2000. It was listed on February 17, 2015. The company's main business involves the research, production, and sales of precision bearing rolling elements [1] - The revenue composition of Lixing Co., Ltd. is as follows: steel balls account for 85.00%, rollers 13.25%, processing and packaging services 1.15%, waste sales 0.58%, ceramic balls 0.01%, and others 0.00% [1] Group 2 - Among the top ten circulating shareholders of Lixing Co., Ltd., a fund under China Life Asset Management holds a significant position. The fund, China Life Asset Management Smart Living Stock A (001672), increased its holdings by 100,000 shares in the second quarter, bringing its total to 3.6683 million shares, which represents 1.59% of the circulating shares [2] - The China Life Asset Management Smart Living Stock A (001672) was established on September 1, 2015, and has a current scale of 1.828 billion yuan. Year-to-date, it has achieved a return of 39.19%, ranking 1053 out of 4218 in its category; over the past year, it has returned 61.88%, ranking 410 out of 3865; and since inception, it has returned 226.82% [2]

Group 1 - The core viewpoint of the news is that Lixing Co., Ltd. has seen a significant stock price increase of 6.69%, reaching 16.75 yuan per share, with a total market capitalization of 4.925 billion yuan [1] - Lixing Co., Ltd. specializes in the research, production, and sales of precision bearing rolling elements, with its main business revenue composition being 85.00% from steel balls, 13.25% from rollers, and minor contributions from other services and products [1] Group 2 - The largest circulating shareholder of Lixing Co., Ltd. is the Guoshou Anbao Fund, which increased its holdings in the Guoshou Anbao Smart Life Stock A fund by 100,000 shares, now holding 3.6683 million shares, representing 1.59% of circulating shares [2] - The Guoshou Anbao Smart Life Stock A fund has achieved a year-to-date return of 41.6% and a one-year return of 97.17%, ranking 980 out of 4220 and 638 out of 3814 respectively [2]

Group 1 - The core viewpoint of the news is that Lixing Co., Ltd. experienced a stock price increase of 5.01%, reaching 16.57 CNY per share, with a trading volume of 456 million CNY and a turnover rate of 12.30%, resulting in a total market capitalization of 4.872 billion CNY [1] - Lixing Co., Ltd. is based in Rugao City, Jiangsu Province, and was established on December 12, 2000. It was listed on February 17, 2015. The company's main business involves the research, production, and sales of precision bearing rolling elements [1] - The revenue composition of Lixing Co., Ltd. is as follows: steel balls account for 85.00%, rollers 13.25%, processing and packaging services 1.15%, waste sales 0.58%, ceramic balls 0.01%, and others 0.00% [1] Group 2 - From the perspective of major fund holdings, one fund under Jinyuan Shun'an has Lixing Co., Ltd. as a significant investment. The Jinyuan Shun'an Xinyi Mixed Initiation A Fund (022492) held 4,000 shares in the second quarter, representing 0.55% of the fund's net value, making it the seventh-largest holding [2] - The Jinyuan Shun'an Xinyi Mixed Initiation A Fund (022492) was established on March 4, 2025, with a latest scale of 10.8755 million CNY and has achieved a return of 5.66% since inception [2] Group 3 - The fund managers of Jinyuan Shun'an Xinyi Mixed Initiation A Fund (022492) are Li Rui and Chen Mingjie. As of the report, Li Rui has been in position for 197 days, managing assets totaling 10.8859 million CNY, with the best fund return during his tenure being 4.98% and the worst being 4.68% [3] - Chen Mingjie has been in position for 1 year and 326 days, managing assets of 63.1461 million CNY, with the best fund return during his tenure being 4.98% and the worst being -14.42% [3]

Revenue and Profit - The total operating revenue of the company for the first half of 2025 was 535 million yuan, an increase of 4.53% year-on-year [2] - The net profit attributable to shareholders was 37.56 million yuan, up 5.94% year-on-year, while the net profit after deducting non-recurring gains and losses was 34.09 million yuan, down 1.39% year-on-year [2] - In Q2 2025, the operating revenue was 283 million yuan, a year-on-year increase of 4.41%, and the net profit attributable to shareholders was 20.43 million yuan, up 1.84% year-on-year [2] Financial Indicators - The accounts receivable amounted to 383 million yuan, which is 694.2% of the latest annual net profit [4] - The net cash flow from operating activities was -0.17 yuan, a decrease of 352.95% year-on-year, indicating significant pressure on cash flow management [4] - The gross profit margin was 17.13%, a decrease of 8.06% year-on-year, while the net profit margin was 7.02%, an increase of 1.35% year-on-year [9] Main Business Composition - The main source of revenue comes from steel balls and rollers, with steel ball revenue at 455 million yuan, accounting for 85% of total revenue, and a gross margin of 16.45% [5] - Roller revenue was 70.91 million yuan, accounting for 13.25% of total revenue, with a gross margin of 18.95% [5] Operational Review - The company is a leading enterprise in the field of precision bearing rolling elements, focusing on R&D, production, and sales [6] - Despite revenue and net profit growth, the decline in net profit after deducting non-recurring items and issues with cash flow and accounts receivable are notable challenges [6] Development Overview - The company possesses internationally advanced technology and a complete set of core technologies and production processes, with product performance exceeding international standards [7] - The company has implemented intelligent single-machine operations and automated production lines, ensuring traceability of product quality [7] Financial Analysis Summary - Overall, the company showed certain revenue growth in the 2025 mid-term report but faces challenges in cash flow management and accounts receivable [8]