根据披露的机构调研信息2025年7月29日至2025年7月31日，泉果基金对上市公司长华集团进行了调研。 基金市场数据显示，泉果基金成立于2022年2月8日。截至目前，其管理资产规模为163.96亿元，管理基 金数6个，旗下基金经理共5位。旗下最近一年表现最佳的基金产品为泉果旭源三年持有期混合A （016709），近一年收益录得24.02%。 截至2025年7月31日，泉果基金近1年回报前6非货币基金业绩表现如下所示： 泉果基金Q1. 公司行星滚柱丝杠进展结果如何？ 答：公司已成功生产出新的迭代样品，同时已送样检测，检测数据均符合行业要求，并与相关单位组织 了沟通交流及产品送样。目前行星滚柱丝杠产品尚处于不断更新研发阶段，尚未规模化量产。公司五月 份新购了近百亩杭州湾新区的土地，设计规划了全新的行星滚柱丝杠生产线，为公司未来的发展提前布 局。 风险提示：目前公司滚柱丝杠产品正处于研发阶段，尚未获得客户定点，也未实现营业收入，对业绩不 构成影响。此外，新行业的成长及发展周期一般较长，在技术研发、工艺完善和设备选型方面需要进行 大规模投资，未来产品的技术方案、量产节奏、量产规模等方面均存在极大的不确定性，且未来行 ...

Group 1: Changhua Group - Changhua Group has successfully produced new iterative samples in planetary roller screw, with testing data meeting industry requirements, but the product is still in the R&D stage and has not generated revenue, indicating significant investment risk [1] - For carbon-ceramic brake disc metal structural components, the company will start supplying new energy vehicle manufacturers by the end of 2024, with an expected total sales amount exceeding 100 million yuan, indicating a broad market prospect [1] - As of July 2025, the company has announced new designated business worth 2.013 billion yuan, with ample orders and a significant increase in production capacity utilization [1] Group 2: Shijia Photon - Shijia Photon has made progress in multiple business segments, with the 800G/1.6T optical module MT-F products already in mass production, and the 1.6T optical module WG chips and components having completed R&D and verification [2] - The expansion plan for MPO products is progressing smoothly, focusing on factory planning, equipment installation, and personnel recruitment and training [2] - Inventory growth is due to strategic stocking of key raw materials, while capital expenditure has increased due to higher R&D investment, capacity expansion, and overseas layout, with plans for dynamic optimization of capital allocation in the future [2]

Group 1: Aojie Technology - Aojie Technology has made significant progress in ASIC business, RedCap chips, and 4G/5G smartphone chips [1] - The ASIC business is focused on smart wearables, edge SOC, RISC-V, and cloud inference chips, with expected substantial revenue growth by 2026 [1] - RedCap chips are commercially available in the IoT market, and the company has production capabilities for smart wearables [1] - The company has successfully commercialized 4G quad-core chips and is making progress on 4G octa-core, 6nm 4G octa-core, and 6nm 5G octa-core chips [1] - Aojie Technology plans to control the growth of operating and R&D expenses to no more than 15% [1] Group 2: Changhua Group - Changhua Group has successfully produced new iterative samples of planetary roller screw, but the product is still in the R&D stage and has not generated revenue [2] - The company plans to supply carbon-ceramic brake disc metal structural parts to new energy vehicle companies by the end of 2024, with a total sales amount expected to exceed 100 million yuan [2] - As of July 2025, the company has announced new customer contracts worth 2.013 billion yuan, indicating strong order backlog and expected significant increase in capacity utilization [2] - Changhua Group is actively acquiring land and increasing capacity to enhance profitability [2] Group 3: Haohan Depth - Haohan Depth's convertible bond (118052) is set to be listed on April 7, 2025 [3] - The company has established a "Low-altitude Airspace Safety Technology Innovation Joint Laboratory" in collaboration with several institutions [3] - Haohan Depth's DPI technology and related cybersecurity solutions are designed to detect risks, identify threats, block attacks, and protect data and privacy, enhancing overall security in the Internet of Vehicles [3] Group 4: Chongda Technology - Chongda Technology anticipates positive growth in the global PCB market by 2025, with strong order demand and rising product prices [4] - The company's capacity utilization rate is at 85%, with new production capacities including multiple factories in Zhuhai and a production base in Thailand [4] - To improve profitability, Chongda Technology is focusing on high-value customers, optimizing sales structure, and enhancing cost management [4] - The company is implementing a structural price increase strategy to cope with rising raw material costs [4] - The U.S. market accounts for 10% of the company's revenue, and it is adopting strategies to diversify markets and optimize customer cooperation in response to tariff policy changes [4] Group 5: Galaxy Fund - Galaxy Fund was established in 2002, with total assets under management of 105.976 billion yuan, ranking 58th out of 210 [4] - The fund's non-monetary public fund assets amount to 75.871 billion yuan, ranking 56th out of 210 [4] - The fund manages 162 public funds, ranking 47th out of 210, with 25 fund managers, ranking 54th out of 210 [4] - The best-performing public fund product in the past year is the Galaxy Innovation Growth Mixed A, with a latest net value of 6.62 and a growth of 52.02% over the past year [4]