Core Viewpoint - Chaoyang Technology experienced a 5.18% decline in stock price, closing at 34.20 CNY per share, with a trading volume of 344 million CNY and a turnover rate of 8.32%, resulting in a total market capitalization of 4.626 billion CNY [1] Company Overview - Guangdong Chaoyang Electronic Technology Co., Ltd. is located in Qishi Town, Dongguan City, Guangdong Province, and was established on March 30, 2005. The company went public on April 17, 2020. Its main business involves the research, development, production, and sales of acoustic components and products [1] - The revenue composition of the main business includes: finished headphones 70.36%, precision components and others 15.27%, audio products 13.62%, and others (supplementary) 0.76% [1] Shareholder Information - According to data from the top ten circulating shareholders of Chaoyang Technology, a fund under Baodao Fund ranks among the top shareholders. Baodao Growth Zhihang Stock A (013641) entered the top ten circulating shareholders in the first quarter, holding 283,000 shares, which accounts for 0.24% of the circulating shares. The estimated floating loss today is approximately 529,200 CNY [2] - Baodao Growth Zhihang Stock A (013641) was established on October 26, 2021, with a latest scale of 999 million CNY. Year-to-date returns are 34.99%, ranking 421 out of 4222 in its category; the one-year return is 78.45%, ranking 341 out of 3756; and the return since inception is 34.05% [2] Fund Manager Information - The fund manager of Baodao Growth Zhihang Stock A (013641) is Yang Meng. As of the report date, Yang Meng has a cumulative tenure of 7 years and 15 days, with the current total asset scale of 12.691 billion CNY. The best fund return during the tenure is 138.19%, while the worst return is -27.34% [3]