Group 1 - Changxin Fund recently conducted research on the listed company Ruoyuchen (003010), focusing on product and channel planning, marketing strategies, and brand expansion [1] - The company plans to increase investment in fragrance laundry liquid and expand both online and offline channels, with new brands NuiBay and VitaOcean being introduced [1] - Ruoyuchen's fish oil product topped the Tmall new product list in its first month of launch, indicating strong market performance [1] Group 2 - The decision to list on the Hong Kong Stock Exchange was influenced by a favorable policy environment, enhanced liquidity, and alignment with the company's future business development needs [1] - The fundraising from the H-share listing will primarily be used for global resource integration and to explore high-quality industry resources in health, personal care, and household cleaning sectors [1] - Changxin Fund has an asset management scale of 190.639 billion yuan, ranking 38th among 210 funds, with a notable performance of its best fund product showing a 94.67% growth over the past year [2]

Group 1: Longxin Co., Ltd. (良信股份) - Longxin Co., Ltd. focuses on smart distribution business, particularly in industrial and commercial buildings, providing customized smart distribution solutions to expand market share [1] - The company's data center products are applied in areas such as power distribution, intelligent monitoring, and smart operations, collaborating closely with major domestic clients to develop customized products and expand overseas markets [1] - In Q1 2025, the gross margin improved due to product structure optimization, increased sales of high-margin new products, and better cost reduction effects compared to the previous year [1] - Rapid growth areas in Q1 include new energy, electricity, and data center industries [1] Group 2: Sirepu (思瑞浦) - In Q1 2025, Sirepu achieved operating revenue of 421.79 million yuan, a year-on-year increase of 110.88%, and net profit of 15.56 million yuan, marking a return to profitability [1] - Revenue from signal chain chips reached 286.65 million yuan, up 64.86%, while power management chip revenue soared to 135.04 million yuan, a staggering increase of 416.53% [1] - The company anticipates long-term growth in the analog integrated circuit design industry, benefiting from the development of emerging industries such as new energy vehicles, the Internet of Things, and artificial intelligence, along with support from national policies [1] - Sirepu has completed multi-market layouts, with industrial market demand gradually recovering, communication market business rebounding, and the automotive market expected to maintain high growth rates, while consumer market business is set to grow [1] Group 3: Changxin Fund (长信基金) - Changxin Fund, established in 2003, has an asset management scale of 179.66 billion yuan, ranking 37th out of 210 [2] - The fund's non-monetary public fund asset management scale is 85.70 billion yuan, ranking 52nd out of 210 [2] - The fund manages 170 public funds, ranking 41st out of 210, with 33 fund managers, ranking 36th out of 210 [2] - The best-performing public fund product in the past year is Changxin Electronic Information Quantitative Flexible Allocation Mixed A, with a latest net value of 1.06 and a growth of 38.2% over the past year [2] - The latest public fund product raised by Changxin is Changxin Stable Rui Pure Bond A, a long-term bond type, with a subscription period from March 24, 2025, to May 23, 2025 [2]