Core Insights - The announcement on October 25, 2025, reveals the appointment of Bu Zhonglin as the new fund manager for Shenwan Hongyuan Leting Mixed Fund (013085) effective from the same date [1] - As of October 24, 2025, the net value of Shenwan Hongyuan Leting Mixed Fund was 0.8123, reflecting a daily increase of 2.6% and a yearly increase of 24.02% [1] Fund Manager Profile - Bu Zhonglin, a Chinese national with a master's degree, has been involved in the financial sector since 2016, previously working at firms such as Industrial Securities, Xiaoxiang Capital, and Kaisheng Rongying Technology [1] - He joined Shenwan Hongyuan Fund in February 2022 and has been managing the Shenwan Hongyuan Intelligent Driving Stock Fund since October 16, 2024 [1] Fund Performance - The funds managed by Bu Zhonglin include: - Shenwan Hongyuan Intelligent Driving Stock A (Code: 005825) with a return of 70.91% since October 16, 2024 [1] - Shenwan Hongyuan Intelligent Driving Stock C (Code: 015159) with a return of 70.17% since October 16, 2024 [1] - A review of the major holdings shows that the Shenwan Hongyuan Intelligent Driving Stock A fund added Zhaoyi Innovation in Q4 2024 at an average price of 519.16, maintaining the position for three quarters, with the latest average price at 660.21, resulting in an estimated return of 27.17% [1]

Group 1 - The core point of the article is that Puyuan Precision Electric has seen a stock price increase of 5.19%, reaching 40.15 CNY per share, with a trading volume of 1.87 billion CNY and a market capitalization of 7.793 billion CNY as of October 23 [1] - Puyuan Precision Electric, established on April 27, 2009, specializes in the research, production, and sales of general electronic measuring instruments [1] - The company is located in Suzhou, Jiangsu Province, and has its Hong Kong office in Causeway Bay [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Shenwan Lingxin has heavily invested in Puyuan Precision Electric, with Shenwan Lingxin Intelligent Drive Stock A (005825) increasing its holdings by 101,500 shares in the second quarter, totaling 650,200 shares, accounting for 7.97% of the fund's net value [2] - The fund has achieved a return of 69.71% this year, ranking 105 out of 4,218 in its category, and a return of 67.65% over the past year, ranking 79 out of 3,875 [2] - Since its inception, the fund has generated a return of 427.96% [2] Group 3 - The fund manager of Shenwan Lingxin Intelligent Drive Stock A is Fu Juan, who has a tenure of 13 years and 186 days, with a total fund asset size of 3.711 billion CNY and a best return of 172.37% during her tenure [3] - Co-manager Bu Zhonglin has a tenure of 1 year and 8 days, managing assets of 291 million CNY, with a best return of 74.86% during his tenure [3]

Group 1: Baia Co., Ltd. - Douyin remains a crucial platform for brand exposure and customer acquisition, with increased investment in Xiaohongshu showing positive trends [1] - Instant retail is growing rapidly, becoming a significant emerging channel with potential for new industry dividends [1] - The company reported over 100% revenue growth in the first three quarters, with a potential increase in net profit margin due to channel cost dilution [1] Group 2: Jiao Cheng Ultrasonic - The company provides comprehensive solutions in the power semiconductor field, including ultrasonic welding machines and scanning microscopes, with bulk shipments already made [2] - Ultrasonic detection offers irreplaceable advantages in wafer and advanced packaging defect detection, complementing X-ray detection [2] - The company is expanding into solid-state battery equipment and has received orders for ultrasonic solid crystal machines, highlighting its competitive edge in low-temperature and efficient solutions [2] Group 3: Siyuan Electric - The company is confident in achieving its annual target, with a 25% growth in orders, and progress is on track as of September [3] - Overseas orders are growing faster than average, while domestic orders in systems, renewable energy, and energy storage are also meeting expectations [3] - The company is collaborating on the IGCT project with Huairou Laboratory to advance industrialization, although new products will have a limited short-term revenue impact [3]