Group 1 - The core viewpoint of the news is that a well-known private equity firm, Huansheng Quantitative, has conducted research on a listed company, Huicheng Co., which has shown significant growth in revenue and profit in the first half of the year [1] - Huicheng Co. reported a year-on-year revenue growth of 28.58%, reaching 866 million yuan, and a net profit attributable to shareholders growth of 60.94%, amounting to 96.04 million yuan [1] - The revenue share of MOLED products increased from less than 20% in 2024 to over 25% in the first half of 2025, with its packaging and testing gross margin higher than other products and the company's average [1] - The electronic price tag IC packaging and testing business accounted for over 10% of revenue in the first half of 2025, contributing positively to the company's profitability [1] - The automotive display chip project is currently in the construction phase, with equipment expected to be in place by early 2026, while 2025 will focus on customer validation without significant performance contributions [1] - New business initiatives are still in the planning stage, and the company aims to actively promote related progress [1] Group 2 - Huansheng Quantitative, also known as Jiu Zhang Asset, is a hedge fund company that relies on mathematics and computer science for quantitative investment, founded in 2008 [2] - The company is a leader in financial derivatives trading and design in China, known for its innovative research and practices in quantitative hedging [2] - Huansheng Quantitative maintains high legal and ethical standards, leveraging science and technology to explore innovative research that is often unimaginable to others [2] - The team consists of top talents from various fields, including early quantitative traders, award-winning professionals, and experts in artificial intelligence and big data [2] - The firm aims to become a world-class quantitative investment company and promote the healthy development of quantitative hedge funds in China [2]