嘉实润泽量化定期混合（005167）成立日期2018年1月19日，最新规模3325.72万。今年以来收益 17.44%，同类排名4014/8136；近一年收益19.66%，同类排名3816/8058；成立以来收益16.99%。 嘉实润泽量化定期混合（005167）基金经理为赖礼辉。 11月25日，星环科技涨5.04%，截至发稿，报71.91元/股，成交3.23亿元，换手率4.93%，总市值87.11亿 元。 资料显示，星环信息科技(上海)股份有限公司位于上海市徐汇区虹漕路88号3楼、B栋11楼,香港铜锣湾 勿地臣街1号时代广场2座31楼，成立日期2013年6月5日，上市日期2022年10月18日，公司主营业务涉及 公司是一家企业级大数据基础软件开发商,围绕数据的集成、存储、治理、建模、分析、挖掘和流通等 数据全生命周期提供基础软件及服务。主营业务收入构成为：软件产品与技术服务72.84%，解决方案 22.37%，软硬一体产品及服务4.49%，其他业务收入0.30%。 从基金十大重仓股角度 数据显示，嘉实基金旗下1只基金重仓星环科技。嘉实润泽量化定期混合（005167）三季度持有股数 5000股，与上期相比持股 ...

Core Viewpoint - The company, Starry Technology, is a leading enterprise-level big data software developer in China, facing challenges in revenue and profitability compared to industry leaders [1][2]. Group 1: Company Overview - Starry Technology was established on June 5, 2013, and went public on October 18, 2022, on the Shanghai Stock Exchange, with its headquarters in Shanghai [1]. - The company focuses on providing foundational software and services throughout the data lifecycle, operating within the computer software development sector, particularly in big data and artificial intelligence [1]. Group 2: Financial Performance - For Q3 2025, the company's revenue was 225 million yuan, ranking 25th out of 35 in the industry, significantly lower than the top competitor, iFlytek, which reported 16.989 billion yuan [2]. - The company's net profit for the same period was -213 million yuan, placing it 29th in the industry, again trailing behind leading firms like Kingsoft Office and Fanwei Network [2]. - The main business revenue composition includes software products and technical services at 111 million yuan (72.84%), solutions at 34.11 million yuan (22.37%), and integrated products and services at 6.84 million yuan (4.49%) [2]. Group 3: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 23.76%, an increase from 19.17% year-on-year, which is lower than the industry average of 29.42%, indicating relatively good debt repayment capability [3]. - The gross profit margin for Q3 2025 was 47.49%, down from 55.75% year-on-year, and below the industry average of 63.59%, suggesting a need for improvement in profitability [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.11% to 10,800, while the average number of circulating A-shares held per shareholder decreased by 1.09% to 8,706 [5]. - The top ten circulating shareholders included a new entry, Huabao Zhongzheng Financial Technology Theme ETF, holding 1.4776 million shares [5]. Group 5: Business Highlights and Future Outlook - In H1 2025, the company reported revenue of 153 million yuan, an increase of 8.82% year-on-year, with a 25.24% reduction in net loss [5]. - Key business highlights include securing 30 million yuan in orders related to large models across various industries, launching a new generation of AI infrastructure, and collaborating with Hong Kong Broadband for enterprise digital transformation [6]. - Forecasts for 2025 to 2027 project revenues of 427 million, 503 million, and 610 million yuan, with net losses expected to narrow over the same period [5][6].

Group 1 - The core point of the news is that Xinghuan Technology's stock price dropped by 5.05% to 59.20 CNY per share, with a trading volume of 247 million CNY and a turnover rate of 4.35%, resulting in a total market capitalization of 7.171 billion CNY [1] - Xinghuan Technology, established on June 5, 2013, and listed on October 18, 2022, is a developer of enterprise-level big data infrastructure software, providing software and services throughout the entire data lifecycle, including integration, storage, governance, modeling, analysis, mining, and circulation [1] - The company's main business revenue composition includes software products and technical services at 72.84%, solutions at 22.37%, integrated hardware and software products and services at 4.49%, and other business revenue at 0.30% [1] Group 2 - From the perspective of major fund holdings, the Guoxin Guozheng Fund has a significant position in Xinghuan Technology, with the Guoxin Guozheng New Star A fund holding 60,000 shares, accounting for 2.66% of the fund's net value, ranking as the ninth largest holding [2] - The Guoxin Guozheng New Star A fund, established on April 15, 2015, has a latest scale of 117 million CNY, with a year-to-date return of 36.25%, ranking 2352 out of 8155 in its category, and a one-year return of 35.8%, ranking 1958 out of 8031 [2]

Group 1 - The core viewpoint of the news is that Xinghuan Technology's stock has seen a significant increase of 5.26%, reaching a price of 55.48 CNY per share, with a total market capitalization of 6.721 billion CNY [1] - Xinghuan Technology specializes in enterprise-level big data infrastructure software development, providing software and services throughout the entire data lifecycle, including integration, storage, governance, modeling, analysis, mining, and circulation [1] - The company's main business revenue composition includes software products and technical services at 72.84%, solutions at 22.37%, integrated hardware and software products and services at 4.49%, and other business income at 0.30% [1] Group 2 - From the perspective of fund holdings, one fund under Jiashi Fund has a significant position in Xinghuan Technology, specifically Jiashi Runze Quantitative Regular Mixed Fund (005167), which held 5,000 shares in the second quarter, unchanged from the previous period [2] - The Jiashi Runze Quantitative Regular Mixed Fund has a net asset value proportion of 0.78% in Xinghuan Technology, ranking as the tenth largest holding in the fund [2] - The fund has achieved a year-to-date return of 18.28% and a one-year return of 20.23%, with a total fund size of 30.0684 million CNY [2]

Group 1 - The core point of the news is that Xinghuan Technology's stock price dropped by 5.05% to 52.79 CNY per share, with a trading volume of 165 million CNY and a turnover rate of 3.23%, resulting in a total market capitalization of 6.395 billion CNY [1] - Xinghuan Technology, established on June 5, 2013, and listed on October 18, 2022, is a developer of enterprise-level big data infrastructure software, providing software and services throughout the data lifecycle, including integration, storage, governance, modeling, analysis, mining, and circulation [1] - The company's main business revenue composition includes software products and technical services at 72.84%, solutions at 22.37%, integrated hardware and software products and services at 4.49%, and other business income at 0.30% [1] Group 2 - From the perspective of major fund holdings, the Guoxin Guozheng Fund has one fund heavily invested in Xinghuan Technology, specifically the Guoxin Guozheng New Benefit A (001797), which held 6,000 shares in the second quarter, accounting for 1.47% of the fund's net value, ranking as the fourth-largest holding [2] - The Guoxin Guozheng New Benefit A fund was established on September 2, 2015, with a latest scale of 19.0233 million CNY, achieving a year-to-date return of 10.44% and a one-year return of 8.76% [2] - The fund manager, Zhang Honglei, has been in position for 4 years and 39 days, with the fund's total asset scale at 1.57 billion CNY, achieving a best return of 47.7% and a worst return of -13.4% during his tenure [3]

Core Viewpoint - On October 10, 2023, Star Ring Technology experienced a decline of 7.87% in stock price, with a trading volume of 292 million yuan, indicating market volatility and investor sentiment concerns [1]. Financing Summary - On the same day, Star Ring Technology had a financing buy-in amount of 38.79 million yuan, with a financing repayment of 37.16 million yuan, resulting in a net financing buy of 1.63 million yuan [1]. - As of October 10, the total financing and securities lending balance for Star Ring Technology was 231 million yuan, with the financing balance accounting for 4.46% of the circulating market value, indicating a high level compared to the past year [1]. - The financing balance of 230 million yuan is above the 80th percentile of the past year, suggesting strong investor interest [1]. Securities Lending Summary - On October 10, Star Ring Technology repaid 400 shares in securities lending and sold 420 shares, with the selling amount calculated at 23,100 yuan based on the closing price [1]. - The remaining securities lending volume was 5,620 shares, with a securities lending balance of 308,600 yuan, which is below the 50th percentile of the past year, indicating a relatively low level of short selling activity [1]. Company Overview - Star Ring Technology, established on June 5, 2013, and listed on October 18, 2022, is based in Shanghai and specializes in enterprise-level big data infrastructure software development [2]. - The company's main business revenue composition includes software products and technical services (72.84%), solutions (22.37%), integrated hardware and software products and services (4.49%), and other business income (0.30%) [2]. - As of June 30, 2023, the number of shareholders for Star Ring Technology was 10,700, an increase of 3.95% from the previous period, while the average circulating shares per person decreased by 3.80% to 8,801 shares [2]. Financial Performance - For the period from January to June 2025, Star Ring Technology achieved an operating income of 153 million yuan, representing a year-on-year growth of 8.82% [2]. - The net profit attributable to the parent company was -143 million yuan, showing a year-on-year increase of 25.24%, indicating improved performance despite a negative profit [2]. Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders of Star Ring Technology, Galaxy Zhihui Mixed A (519644) was the tenth largest shareholder with 1.20 million shares, marking a new entry [2]. - Both招商优势企业混合A (217021) and 景顺长城研究精选股票A (000688) exited the list of the top ten circulating shareholders [2].

Group 1 - The core viewpoint of the news is that Xinghuan Technology's stock has experienced a decline of 5.01%, with a current price of 59.12 CNY per share and a total market capitalization of 7.161 billion CNY [1] - Xinghuan Technology specializes in enterprise-level big data infrastructure software development, providing software and services throughout the entire data lifecycle, including integration, storage, governance, modeling, analysis, mining, and circulation [1] - The company's main revenue sources are software products and technical services (72.84%), solutions (22.37%), integrated hardware and software products and services (4.49%), and other business income (0.30%) [1] Group 2 - From the perspective of major fund holdings, the Guoxin Guozheng Fund has a significant position in Xinghuan Technology, with the Guoxin Guozheng New Benefit A fund holding 6,000 shares, representing 1.47% of the fund's net value [2] - The Guoxin Guozheng New Benefit A fund has a total scale of 19.0233 million CNY and has achieved a year-to-date return of 9.15% [2] - The fund's performance over the past year shows a return of 18.13%, with a ranking of 6077 out of 7995 in its category [2]

Group 1 - The core viewpoint of the news is that Xinghuan Technology's stock has seen a significant increase, with a rise of 5.15% to 61.30 CNY per share, and a total market capitalization of 7.425 billion CNY [1] - Xinghuan Technology specializes in enterprise-level big data infrastructure software development, providing software and services throughout the data lifecycle, including integration, storage, governance, modeling, analysis, mining, and circulation [1] - The company's main revenue sources are software products and technical services (72.84%), solutions (22.37%), integrated hardware and software products and services (4.49%), and other business income (0.30%) [1] Group 2 - From the perspective of fund holdings, the Guoxin Guozheng Fund has a significant position in Xinghuan Technology, with the Guoxin Guozheng New Benefit A fund holding 6,000 shares, representing 1.47% of the fund's net value [2] - The Guoxin Guozheng New Benefit A fund has a total scale of 19.0233 million CNY and has achieved a year-to-date return of 9.66% [2] - The fund manager, Zhang Honglei, has been in position for 4 years and 13 days, with the best fund return during his tenure being 46.37% [3]

Group 1 - The core viewpoint of the news is that Xinghuan Technology's stock has seen a significant increase, with a rise of 5.65% to reach 59.86 CNY per share, resulting in a total market capitalization of 7.251 billion CNY [1] - Xinghuan Technology specializes in enterprise-level big data infrastructure software development, providing software and services throughout the entire data lifecycle, including integration, storage, governance, modeling, analysis, mining, and circulation [1] - The company's main revenue sources are software products and technical services (72.84%), solutions (22.37%), integrated hardware and software products and services (4.49%), and other business income (0.30%) [1] Group 2 - From the perspective of fund holdings, only one fund under Jiashi Fund has a significant position in Xinghuan Technology, specifically Jiashi Runze Quantitative Regular Mixed Fund (005167), which holds 5,000 shares, unchanged from the previous period, accounting for 0.78% of the fund's net value [2] - The Jiashi Runze Quantitative Regular Mixed Fund has a total scale of 30.0684 million CNY and has achieved a year-to-date return of 14.9%, ranking 5054 out of 8174 in its category [2] - The fund manager, Lai Lihui, has been in position for 4 years and 334 days, with the fund's total asset scale at 3.499 billion CNY, achieving a best return of 24.39% during his tenure [3]