Group 1 - The core point of the article highlights the recent performance of Founder Technology, which saw a 5.02% increase in stock price, reaching 11.92 CNY per share, with a trading volume of 958 million CNY and a turnover rate of 1.96%, resulting in a total market capitalization of 50.943 billion CNY [1] - Founder Technology Group Co., Ltd. is located in Changning District, Shanghai, and was established on November 15, 1993, with its listing date on December 19, 1990. The company's main business involves the production and sale of PCB products, internet access services, and IT system integration and solutions [1] - The revenue composition of Founder Technology shows that 98.83% comes from product sales, while 1.17% is from service provision [1] Group 2 - From the perspective of fund holdings, data indicates that one fund under Huatai-PB holds a significant position in Founder Technology, with the CSI 1000 fund (516300) holding 23,000 shares, accounting for 0.36% of the fund's net value, making it the eighth largest holding [2] - The CSI 1000 fund was established on March 15, 2021, with a latest scale of 72.1163 million CNY. Year-to-date returns stand at 22.79%, ranking 1801 out of 4206 in its category, while the one-year return is 22.27%, ranking 1854 out of 3983 [2] - The fund manager of CSI 1000 is Hu Yiqing, who has a cumulative tenure of 307 days, with total fund assets of 3.926 billion CNY. During his tenure, the best fund return was 38.16%, while the worst was -2.15% [2]

Core Viewpoint - Fangzheng Technology's stock has experienced a continuous decline over the past four days, with a total drop of 11.98% during this period, indicating potential concerns among investors regarding the company's performance and market conditions [1][2]. Company Overview - Fangzheng Technology Group Co., Ltd. is located at 726 Yan'an West Road, Changning District, Shanghai, and was established on November 15, 1993, with its listing date on December 19, 1990. The company primarily engages in the production and sale of PCB products, internet access services, and IT system integration and solutions. The revenue composition is 98.83% from product sales and 1.17% from service provision [1]. Stock Performance - As of the latest report, Fangzheng Technology's stock price is 11.90 CNY per share, with a trading volume of 2.192 billion CNY and a turnover rate of 4.39%. The total market capitalization stands at 50.858 billion CNY [1]. Fund Holdings - According to data from the top ten holdings of funds, one fund under CITIC Prudential has a significant position in Fangzheng Technology. The CITIC Prudential CSI Smart Home Index (LOF) A (165524) reduced its holdings by 15,500 shares in the third quarter, maintaining 112,800 shares, which accounts for 1.64% of the fund's net value, ranking it as the fifth-largest holding. The estimated floating loss today is approximately 31,600 CNY, with a total floating loss of 182,700 CNY during the four-day decline [2]. Fund Performance - The CITIC Prudential CSI Smart Home Index (LOF) A (165524) was established on January 1, 2021, with a current scale of 46.8677 million CNY. Year-to-date returns are 32.72%, ranking 1589 out of 4216 in its category, while the one-year return is 44.14%, ranking 983 out of 3896. Since inception, the fund has experienced a loss of 17.28% [2].

Group 1 - The core point of the article highlights the recent decline in the stock price of Founder Technology, which has dropped 2.3% to 11.90 CNY per share, with a total market capitalization of 50.858 billion CNY and a cumulative decline of 11.98% over the last four days [1] - Founder Technology Group Co., Ltd. is based in Shanghai and was established on November 15, 1993, with its stock listed on December 19, 1990. The company primarily engages in the production and sale of PCB products, internet access services, and IT system integration and solutions, with 98.83% of its revenue coming from product sales and 1.17% from services [1] Group 2 - From the perspective of fund holdings, one fund under Huatai-PB holds shares in Founder Technology, specifically the Zhongzheng 1000 fund, which has 23,000 shares, accounting for 0.36% of the fund's net value, ranking as the eighth largest holding. The estimated floating loss today is approximately 6,440 CNY, with a total floating loss of 37,300 CNY during the four-day decline [2] - The Zhongzheng 1000 fund was established on March 15, 2021, with a latest scale of 72.1163 million CNY. Year-to-date, it has achieved a return of 29.27%, ranking 1896 out of 4216 in its category, and a one-year return of 31.25%, ranking 1605 out of 3896 [2] - The fund manager of Zhongzheng 1000 is Hu Yiqing, who has been in the position for 286 days, managing total assets of 3.926 billion CNY, with the best fund return during his tenure being 51.06% and the worst being 10.35% [2]

Core Viewpoint - Fangzheng Technology is a significant player in the domestic PCB industry, focusing on high-layer and HDI board technologies, with a strong emphasis on production and sales of PCB products, internet access services, and IT system integration solutions [1] Financial Performance - In Q3 2025, Fangzheng Technology reported revenue of 3.398 billion yuan, ranking 17th among 44 companies in the industry, while the industry leader, Dongshan Precision, achieved revenue of 27.071 billion yuan [2] - The net profit for the same period was 317 million yuan, placing the company 13th in the industry, with the top performer, Shenghong Technology, reporting a net profit of 3.245 billion yuan [2] Profitability and Debt Ratios - As of Q3 2025, the company's asset-liability ratio was 49.85%, an increase from 36.26% year-on-year, exceeding the industry average of 44.70% [3] - The gross profit margin stood at 23.06%, up from 21.46% year-on-year, and higher than the industry average of 20.58% [3] Executive Compensation - The chairman, Chen Hongliang, received a salary of 4.6631 million yuan in 2024, an increase of 1.5111 million yuan from the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 34.96% to 292,300, while the average number of shares held per shareholder decreased by 25.90% to 14,300 shares [5] - Notable shareholders include Hong Kong Central Clearing Limited and new entrants like Huaxia Industry Prosperity Mixed Fund [5] Business Highlights - In H1 2025, the company achieved revenue of 2.14 billion yuan, a year-on-year increase of 35.60%, and a net profit of 173 million yuan, up 15.29% [6] - Key growth drivers include strong demand for computing power, optimization of PCB business structure, and collaboration with leading domestic communication companies [6]