Group 1 - The core point of the news is that Quzhou Development's stock price has dropped by 5.05%, currently trading at 4.32 CNY per share, with a trading volume of 250 million CNY and a turnover rate of 0.67%, resulting in a total market capitalization of 36.759 billion CNY [1] - Quzhou Xinan Development Co., Ltd. is located at 500 Chuangjing Road, Hangzhou, Zhejiang Province, established on February 23, 1993, and listed on June 23, 1999. The company's main business involves technology investment and real estate development [1] - The revenue composition of Quzhou Development is primarily from real estate at 88.53%, with other businesses contributing 8.77% and supplementary income at 2.71% [1] Group 2 - From the perspective of fund holdings, one fund under Penghua Fund has a significant position in Quzhou Development. The Penghua CSI 800 Real Estate Index (LOF) A (160628) reduced its holdings by 329,400 shares in the second quarter, now holding 4.3652 million shares, which accounts for 5.63% of the fund's net value, ranking as the sixth-largest holding [2] - The Penghua CSI 800 Real Estate Index (LOF) A (160628) was established on January 1, 2021, with a current size of 151 million CNY. Year-to-date returns are 8.01%, ranking 3619 out of 4220 in its category; over the past year, returns are 20.01%, ranking 3575 out of 3814; since inception, returns are 8.52% [2] - The fund manager of Penghua CSI 800 Real Estate Index (LOF) A (160628) is Yan Dong, who has been in the position for 6 years and 191 days, with total assets under management of 4.15 billion CNY. The best fund return during his tenure is 456.3%, while the worst is -38% [2]