Group 1 - The core viewpoint of the news is that SuperMap Software has seen a stock price increase of 5.34%, reaching 16.95 CNY per share, with a total market capitalization of 8.352 billion CNY [1] - SuperMap Software, established on June 18, 1997, and listed on December 25, 2009, focuses on the research and sales of Geographic Information System (GIS) platform software, which constitutes 98.83% of its main business revenue [1] - The company provides diversified solutions related to GIS software in various fields such as resource assets, smart cities, ecological environment, water and meteorology, and spatial planning [1] Group 2 - Among the top ten circulating shareholders of SuperMap Software, Jin Ying Fund's Jin Ying Technology Innovation Stock A (001167) reduced its holdings by 29,000 shares in the second quarter, now holding 4.9709 million shares, which is 1.13% of the circulating shares [2] - Jin Ying Technology Innovation Stock A has achieved a year-to-date return of 40.86% and a one-year return of 101.62%, ranking 908 out of 4222 and 441 out of 3813 respectively [2] - The fund manager of Jin Ying Technology Innovation Stock A, Chen Ying, has a tenure of over 10 years, with the fund's total asset size at 8.662 billion CNY and a best return of 263.92% during his management [3]

Group 1 - The core viewpoint of the news is that Boshuo Technology's stock has seen a significant increase of 5.17%, reaching a price of 39.47 CNY per share, with a total market capitalization of 6.676 billion CNY [1] - Boshuo Technology, established on August 26, 2016, and listed on February 26, 2021, specializes in the design, research and development, production, and sales of electronic functional devices [1] - The company's main business revenue composition includes precision functional components at 76.07%, intelligent automation equipment at 22.85%, and other products at 1.08% [1] Group 2 - Among the top circulating shareholders of Boshuo Technology, Jin Ying Fund has a fund that entered the top ten shareholders, holding 544,700 shares, which accounts for 0.36% of the circulating shares [2] - Jin Ying Technology Innovation Stock A (001167) has achieved a year-to-date return of 30.3% and a one-year return of 77.32%, ranking 826 out of 4222 and 533 out of 3795 in its category, respectively [2] - The fund manager of Jin Ying Technology Innovation Stock A is Chen Ying, who has a total fund asset scale of 8.662 billion CNY and has achieved a best fund return of 209.7% during his tenure [3]

Group 1 - Southern Publishing Media Co., Ltd. has experienced a continuous decline in stock price for 7 consecutive days, with a total drop of 9.46% during this period, currently trading at 13.40 CNY per share [1] - The company's main business includes publishing and distributing books, newspapers, and electronic audio-visual publications, with a significant focus on textbooks and educational materials, which account for 92.26% of its main business revenue [1] - The total market capitalization of Southern Publishing Media is 11.818 billion CNY, with a trading volume of 134 million CNY and a turnover rate of 1.13% [1] Group 2 - Among the top ten circulating shareholders, Jin Ying Fund holds a position, having reduced its holdings by 620,000 shares, resulting in a floating loss of approximately 667.8 thousand CNY during the recent decline [2] - Jin Ying Technology Innovation Stock A has achieved a year-to-date return of 34.68% and a one-year return of 80.64%, ranking 850 out of 4222 and 672 out of 3789 respectively in its category [2] - The fund manager, Chen Ying, has a tenure of 10 years and 89 days, with the fund's total asset size at 8.662 billion CNY and a best return of 218.18% during his management period [2]

Summary of Key Points Core Viewpoint - 博硕科技 has reported a decrease in institutional ownership in its A-shares, with a total of 8 institutional investors holding 95.29 million shares, representing 56.22% of the total share capital, which is a decline of 0.53 percentage points from the previous quarter [1] Institutional Investors - The total number of institutional investors holding 博硕科技 A-shares is 8, with a combined holding of 95.29 million shares, accounting for 56.22% of the total share capital [1] - The institutional investors include notable entities such as 江苏摩锐投资有限公司, 大家人寿保险股份有限公司, and 中国工商银行股份有限公司 among others [1] - The institutional holding percentage has decreased by 0.53 percentage points compared to the last quarter [1] Public Funds - In the current period, 3 new public funds have disclosed holdings in 博硕科技, including 金鹰科技创新股票A and 鹏华双债加利债券A [1] - 2 public funds that were previously disclosed have not reported in this period, namely 博道远航混合A and 博道成长智航股票A [1] Social Security Funds - One social security fund, 汇添富基金管理股份有限公司-社保基金1802组合, has not disclosed holdings in this period compared to the previous quarter [1] Foreign Investment - One foreign fund, 香港中央结算有限公司, has reduced its holdings, with a decrease of 0.32% compared to the previous quarter [2]

Group 1 - Hongchang Electronics has experienced a decline for five consecutive trading days, with a cumulative drop of -3.63% [1] - Hongchang Electronics Materials Co., Ltd. was established as Guangzhou Hongchang Electronic Materials Industry Co., Ltd. and was listed on the Shanghai Stock Exchange in May 2012 under stock code 603002 [1] - Three funds under Jinying Fund have entered the top ten shareholders of Hongchang Electronics, with Jinying Core Resource Mixed A increasing its holdings in the first quarter of this year [1] Group 2 - Jinying Technology Innovation Stock A has a year-to-date return of 22.39%, ranking 209 out of 983 in its category, while Jinying Core Resource Mixed A has a return of 25.25%, ranking 715 out of 4507 [1] - Jinying Fund was established in November 2002, with major shareholders including Dongxu Group (66.19%), Guangzhou Yuexiu Capital Holdings Group (24.01%), and Guangzhou Baiyunshan Pharmaceutical Group (9.80%) [7][8] Group 3 - Chen Ying, the manager of Jinying Technology Innovation Stock A, has over ten years of experience in the investment field and has held various positions within Jinying Fund since 2012 [5][6] - Zhang Zhanhua, the manager of Jinying Core Resource Mixed A, has a background in research and has been with Jinying Fund since June 2023 [6][7]

Core Viewpoint - The public fund industry has shifted from a "scale-oriented" approach to one that emphasizes "performance," with investors now favoring fund managers who can deliver consistent and stable returns [2] Group 1: Fund Performance - Chen Ying's three main funds have shown varying performance, with the "Jin Ying Core Resource Mixed A" fund achieving a total return of 196.8% over 6 years, translating to an annualized return of 18.4% [4][5] - In 2023, the "Jin Ying Core Resource Mixed A" fund generated a return of 37.25%, significantly outperforming the CSI 300 index, which fell by 11.38% [8][6] - The "Jin Ying Dividend Value Mixed A" fund performed better during the bear market in 2022, with a loss of only 5.24%, outperforming the CSI 300 index by nearly 16 percentage points [9][10] Group 2: Manager Background and Strategy - Chen Ying has a background in technology and finance, having worked in various roles before joining Jin Ying Fund in 2012, where he has been for over a decade [11][12] - His investment strategy has focused heavily on technology sectors, particularly electronics, computing, and media, with these sectors comprising over 60% of his portfolio in recent years [22][24] - Chen Ying has shown a tendency to frequently adjust his holdings, with an average turnover rate of 315% over his tenure, indicating a dynamic trading approach [27][28] Group 3: Market Recognition and Fund Management - Chen Ying's funds have seen increasing institutional ownership, particularly the "Jin Ying Technology Innovation Stock A," which reached nearly 50% institutional ownership by the end of 2023 [17] - The overall management scale of Jin Ying Fund is relatively small compared to competitors, ranking 74th among public funds, with only 10 fund managers managing over 2 billion yuan [19][21] - The fund's performance and the manager's reputation are closely tied, with investor retention largely dependent on recent performance [15][14] Group 4: Risk and Diversification - Chen Ying's concentrated holdings in technology stocks can lead to significant volatility, with potential drawdowns of up to 50% during extreme market conditions [24][49] - In response to market fluctuations, Chen Ying has begun diversifying his portfolio by including defensive sectors such as non-bank financials and utilities to mitigate risks [24][42] - The "Jin Ying Dividend Value Mixed A" fund has demonstrated better risk control, maintaining drawdowns below 30% since Chen Ying's tenure began [46]

Core Viewpoint - The article highlights the performance of various mutual funds over different time frames, emphasizing the importance of consistent returns and strong investment research capabilities in selecting funds. It identifies top-performing equity, bond, and FOF funds based on their returns over the past year, three years, and five years [2][3]. Equity Funds - A total of 41 equity funds have ranked in the top 10% for one, three, and five years, with at least 50% cumulative returns over five years. Notable fund managers include Penghua Fund, Dacheng Fund, E Fund, and Huaxia Fund, each having multiple products listed [3][4]. - The top five equity funds over the past five years include: 1. Jin Yuan Shun An Yuan Qi Flexible Allocation Mixed Fund (Code: 004685) with a five-year return of 293.77% [5][7]. 2. Jin Ying Technology Innovation Stock A (Code: 001167) with a five-year return of 139.01% [9][11]. 3. Huashang Runfeng Mixed A (Code: 003598) with a five-year return of 135.67% [5]. 4. Huaxia New Brocade Mixed A (Code: 002833) with a five-year return of 135.50% [5]. 5. Dacheng CSI 360 Internet + Big Data 100 Index A (Code: 002236) with a five-year return of 125.61% [5]. Bond Funds - A total of 47 bond funds have ranked in the top 10% for one, three, and five years, with at least 26% cumulative returns over five years. Leading fund managers include Huashang Fund, Dongfanghong Asset Management, and Anxin Fund, each having multiple products listed [15][19]. - The top five bond funds over the past five years include: 1. Huashang Fengli Enhanced Regular Open Bond A (Code: 003092) with a five-year return of 128.99% [19][20]. 2. Huashang Hengyi Stable Mixed (Code: 008488) with a five-year return of 95.05% [15]. 3. Huashang Shuangyi Balanced Mixed A (Code: 001448) with a five-year return of 83.49% [15]. 4. Huashang Credit Enhanced Bond A (Code: 001751) with a five-year return of 78.91% [15]. 5. Anxin Min Stable Growth Mixed A (Code: 008809) with a five-year return of 50.20% [15]. FOF Funds - A total of 12 FOF funds have ranked in the top 40% for one, three, and five years, with at least 11% cumulative returns over five years. Notable fund managers include招商基金 and 南方基金, each having two products listed [22]. - The top three FOF funds over the past five years include: 1. Qianhai Kaiyuan Yuyuan (FOF) (Code: 005809) with a five-year return of 23.87% [22][24]. 2. Xingquan Antai Balanced Pension Three-Year Holding Mixed (FOF) A (Code: 006580) with a five-year return of 21.93% [22]. 3. 招商和悦稳健养老一年持有期混合(FOF) A (Code: 006861) with a five-year return of 20.83% [22].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has released a plan to promote the high-quality development of public funds, introducing 25 measures to enhance performance-based compensation for fund managers [3]. Fund Performance Summary - As of May 13, 2025, there are 13,478 public funds with nearly three years of excess returns, with an average excess return of -3.72%. Only 1,191 funds, or 8.84%, have excess returns exceeding 10% [3][4]. - Among fund types, QDII funds have the highest proportion of funds with excess returns over 10%, at 23.76%, followed by stock funds at 16.04% and mixed funds at 9.93% [4]. Top Performing Funds Stock Funds - There are 370 stock funds with excess returns greater than 10%, with an average net asset value growth rate of 21.79% and an average excess return of 22.26%. The threshold for the top 10 funds is 45.56% [5]. - The top three funds are managed by Zhang Lin from China Merchants Fund, Chen Ying from Jinying Fund, and Li Hai from Guotai Fund [5]. Mixed Funds - There are 580 mixed funds with excess returns greater than 10%, with an average net asset value growth rate of 23.42% and an average excess return of 23.91%. The threshold for the top 10 funds is 69.34% [7]. - The top two funds are managed by Gu Xin Feng and Zhang Cheng Yuan from Huaxia Fund [7]. QDII Funds - There are 43 QDII funds with excess returns greater than 10%, with an average net asset value growth rate of 47.02% and an average excess return of 27.29%. The threshold for the top 10 funds is 19.12% [9]. - The top three funds are managed by Xiong Xiaoya from Southern Fund, Peng Chen Chen from Fortune Fund, and Zhang Zili from Harvest Fund [9]. Notable Fund Managers - Chen Ying, managing the Jinying Technology Innovation Stock A fund, has achieved an excess return of 81.55% over three years, with a net asset value growth rate of 83.66% [6][7]. - Gu Xin Feng, managing the Huaxia North Exchange Innovation Small and Medium Enterprises fund, has achieved an excess return of 167.41% over three years, with a net asset value growth rate of 185.78% [8]. - Xiong Xiaoya, managing the Southern China New Emerging Economy fund, has achieved an excess return of 72.53% over three years, with a net asset value growth rate of 91.27% [10][11].

Group 1 - Jepter (688025.SH) reported its Q1 2025 results on April 30, 2025, with 18 institutional investors holding a total of 23.3041 million A-shares, representing 24.52% of the total share capital [1] - The top ten institutional investors collectively hold 24.35% of the shares, with a 0.10 percentage point increase compared to the previous quarter [1] Group 2 - In the public fund sector, four funds increased their holdings, accounting for a 0.66% increase, while two funds decreased their holdings by 0.22% [2] - Six new public funds were disclosed this period, including South Data 100 Index A and others, while 169 funds were not disclosed this quarter [2] - For social security funds, one fund, the National Social Security Fund 503 Combination, increased its holdings by 0.20% [2]

Group 1 - Longying Precision (300115.SZ) released its 2024 annual report on April 18, 2025, with 156 institutional investors holding a total of 534 million shares, accounting for 39.38% of the total share capital [1] - The top ten institutional investors collectively hold 37.79% of the shares, with a decrease of 2.45 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, one fund, Huazhong Qianyu Bond Initiation A, increased its holdings, while five funds, including Jin Ying Technology Innovation Stock A and Southern CSI 1000 ETF, reduced their holdings by 0.69% [2] - A total of 140 new public funds were disclosed this period, including Guangfa CSI 1000 ETF and Huaxia Growth ETF [2] - One foreign fund, Hong Kong Central Clearing Limited, reduced its holdings by 0.84% compared to the previous quarter [2]