Group 1 - The core viewpoint of the news is that Shengxin Lithium Energy has seen a significant increase in its stock price, rising by 5.4% to 26.16 yuan per share, with a trading volume of 1.085 billion yuan and a turnover rate of 4.88%, leading to a total market capitalization of 23.944 billion yuan [1] - Shengxin Lithium Energy Group Co., Ltd. is based in Shenzhen, Guangdong, and was established on December 29, 2001. The company was listed on May 23, 2008, and its main business involves the production and sale of medium-density fiberboard, timber, rare earth products, lithium chloride, battery-grade monohydrate lithium hydroxide, and battery-grade lithium carbonate, all within the new energy and new materials sectors. The revenue composition is entirely from new energy [1] Group 2 - From the perspective of major fund holdings, data shows that Chang'an Fund has a significant position in Shengxin Lithium Energy. The Chang'an Xinxin Mixed A Fund (005477) reduced its holdings by 690,000 shares in the third quarter, now holding 662,900 shares, which accounts for 4.81% of the fund's net value, making it the third-largest holding. The estimated floating profit today is approximately 888,300 yuan [2] - The Chang'an Xinxin Mixed A Fund (005477) was established on February 7, 2018, with a latest scale of 64.3917 million yuan. Year-to-date returns are 20.63%, ranking 4463 out of 8148 in its category; the one-year return is 12.06%, ranking 5224 out of 8053; and since inception, it has incurred a loss of 55.97% [2]

Group 1 - The A-share market has been recovering this year, but several funds under Chang'an Fund have performed poorly, with net values declining [1] - Chang'an Xinxi Mixed A and Chang'an Yusheng Mixed A have seen their net values drop significantly since inception, with declines of 67.72% and 51.45% respectively [1] - Chang'an Fund has a total public asset management scale of only 139.94 billion yuan as of the first quarter of this year, with 24 products, including 19 mixed funds [2] Group 2 - Chang'an Fund has not launched any new products in recent years, with the last new fund issued in September 2022 [3] - Several funds under Chang'an Fund have small scales, posing a risk of liquidation, with some funds having scales below 10 million yuan [3] - The only equity fund under Chang'an Fund is a passive index fund, which has not been able to attract significant investment despite the strong performance of index products in recent years [3]