Group 1 - The core viewpoint of the news is that Kosi Technology's stock has experienced a significant decline, with a cumulative drop of 17.03% over three consecutive days, leading to a current stock price of 56.41 yuan per share and a market capitalization of 8.849 billion yuan [1] - Kosi Technology, established on February 27, 2004, and listed on October 22, 2020, specializes in the research, production, and sales of military electronic information equipment and related modules [1] - The company's main business revenue composition includes: command and control information processing equipment and systems (62.33%), software radar information processing equipment and systems (14.81%), intelligent unmanned devices and systems (8.13%), specialized vehicle modification business (7.10%), other information processing products (6.92%), and others (0.71%) [1] Group 2 - From the perspective of Kosi Technology's top ten circulating shareholders, Changxin Fund has a fund that entered the top ten circulating shareholders, holding 1.1899 million shares, accounting for 0.76% of circulating shares [2] - The Changxin National Defense and Military Industry Quantitative Mixed A Fund (002983) has incurred a floating loss of approximately 3.5339 million yuan today, with a total floating loss of 14.5043 million yuan during the three-day decline [2] - The fund, established on January 5, 2017, has a current scale of 757 million yuan, with a year-to-date return of 34.21% and a one-year return of 68.16% [2]

Group 1 - Kexin Technology (688788.SH) released its semi-annual report for 2025 on August 27, 2025, showing that as of August 26, 2025, seven institutional investors disclosed holding a total of 6.4158 million A-shares, accounting for 4.08% of the total share capital [1] - The proportion of institutional holdings decreased by 1.42 percentage points compared to the previous quarter [1] - Two new public funds were disclosed this period, including Changxin National Defense Military Industry Quantitative Mixed A and Zhonggeng Small Cap Value Stock, while twelve public funds were not disclosed compared to the previous quarter [1] Group 2 - One insurance fund increased its holdings this period, specifically Qianhai Life Insurance Co., Ltd. - Dividend Insurance Product Huatai Combination, with an increase of 0.7% [2] - One pension fund was not disclosed this period, which is also Qianhai Life Insurance Co., Ltd. - Dividend Insurance Product [2]

Core Viewpoint - The article highlights the significant growth and investment opportunities in China's military industry, driven by recent geopolitical tensions and upcoming military events, particularly the September 3 parade showcasing new domestic military equipment [4][5][11]. Summary by Sections Military Industry Performance - A-share military-related sectors, including military equipment and drone concepts, experienced a short-term surge, with companies like Zhongtian Rocket and Chengfei Integration hitting the daily limit [4]. - The China Securities Military Index has risen over 20% year-to-date as of August 18, 2025, outperforming many other sectors [4]. Fund Performance - Nearly all 120 defense and military-themed mutual funds have achieved positive returns this year, with 66 funds yielding over 20% and some exceeding 40% [4][5]. - Among funds with over 20 billion yuan in assets, the average return is 25.12%, with the top performers being Bosera Fund's Bosera Military Theme Stock A, Huaxia Fund's Huaxia Military Security Mixed A, and GF Fund's GF Small and Medium Cap Selected Mixed A [5][7]. Fund Manager Insights - Fund manager Zeng Peng of Bosera Military Theme Stock A reported a year-to-date return of 35.84%, significantly outperforming the benchmark [7]. - The fund maintained a high allocation in missile industry chains and sectors like military AI, drones, and information security, anticipating continued strong performance in the third quarter due to geopolitical catalysts [7][11]. Fund Rankings by Size - For funds with 5-20 billion yuan, the top performer is the China Europe High-end Equipment Stock Initiation C, managed by Li Shuai, with a return of 41.04% [9][10]. - In the 1-5 billion yuan category, the China Europe High-end Equipment Stock Initiation A leads with a return of 41.47% [13][14]. - The top fund in the 1 million to 10 million yuan category is the Huafu Guotai Min'an Flexible Allocation Mixed A, achieving a return of 42.72% [16][17]. Future Outlook - The military industry is expected to see a performance boost due to anticipated quarterly reports showing earnings turning points for many military companies and the upcoming military parade [11][18]. - The 14th Five-Year Plan emphasizes modernization in defense and military capabilities, indicating a strategic shift for China's military industry towards leading rather than following [18].

Summary of Key Points Core Viewpoint - Changxin Fund Management Co., Ltd. announced the first dividend distribution for the Changxin National Defense and Military Industry Quantitative Flexible Allocation Mixed Securities Investment Fund for the year 2025, with specific details regarding the dividend distribution plan and relevant dates [1]. Dividend Distribution Details - The dividend distribution is based on the earnings distribution benchmark date of August 8, 2025, with the following dividend plan: - Changxin National Defense Military Industry Mixed A (Code: 002983) has a net asset value of 1.77 yuan and will distribute 0.80 yuan per 10 shares - Changxin National Defense Military Industry Quantitative Mixed C (Code: 008960) has a net asset value of 1.73 yuan and will also distribute 0.80 yuan per 10 shares [1]. Key Dates - The dividend recipients are all shareholders registered with the fund registration agency as of the equity registration date of August 13, 2025. The cash dividend will be distributed on August 15, 2025 [1]. - The reinvestment shares generated from the dividend distribution will be directly credited to the fund accounts on August 14, 2025, and investors can check or redeem their investments starting from August 15, 2025 [1]. Tax and Fees - According to the relevant tax regulations, the fund's earnings distributed to investors are temporarily exempt from income tax. Additionally, there will be no dividend distribution fees for this fund, and investors choosing the reinvestment option will not incur subscription fees for the converted fund shares [1].

Group 1 - The core viewpoint of the news is that Zhimin Da (688636.SH) has reported significant institutional investment, with 32 institutional investors holding a total of 29.29 million shares, representing 17.46% of the total share capital as of July 24, 2025 [1] - The top ten institutional investors collectively hold 16.29% of the shares, which is an increase of 1.29 percentage points compared to the previous quarter [1] - The report highlights the presence of various public funds, with three funds increasing their holdings and one fund decreasing its holdings, indicating a mixed sentiment among public investors [2] Group 2 - Among public funds, three funds increased their holdings, accounting for 1.92% of the total, while one fund saw a slight decrease [2] - A total of 26 new public funds were disclosed this period, including notable funds such as Changxin National Defense Military Industry Quantitative Mixed A and others [2] - One social security fund was not disclosed in this period, indicating a potential shift in investment strategy or focus [3]

4月7日，光电股份股票盘中跌停，北方光电股份有限公司隶属于中国兵器工业集团公司,是国内光电武 器装备系统科研、生产的重要基地,是国内外光学材料科研生产的主要供应商。 财报显示，长信基金旗下长信国防军工量化混合A为光电股份前十大股东，去年四季度减持，持股比例 为0.71%。今年以来收益率2.46%，同类排名814(总2324)。 来源：金融界 长信国防军工量化混合A基金经理为宋海岸。 简历显示，宋海岸先生:中国,理学硕士,上海交通大学应用数学研究生毕业,具有基金从业资格。曾担任 海通期货股份有限公司研究员、前海开源基金管理有限公司投资经理助理和西部证券股份有限公司研究 员。2016年9月加入长信基金管理有限责任公司,历任量化投资部研究员、基金经理助理、量化投资部副 总监、2018年3月至2018年5月担任长信中证一带一路主题指数分级证券投资基金的基金经理、2018年3 月至2019年2月担任长信中证能源互联网主题指数型证券投资基金(LOF)的基金经理、2019年2月至2019 年5月担任长信价值优选混合型证券投资基金的基金经理、2018年8月至2019年9月担任长信先优债券型 证券投资基金的基金经理、2019年 ...