Core Viewpoint - The stock price of Jolly Culture has shown a significant increase this year, with a notable rise in recent trading days, indicating positive market sentiment towards the company [2]. Group 1: Stock Performance - As of November 13, Jolly Culture's stock price rose by 2.22% to 3.23 CNY per share, with a trading volume of 54.98 million CNY and a turnover rate of 2.69%, resulting in a total market capitalization of 2.748 billion CNY [1]. - Year-to-date, Jolly Culture's stock price has increased by 26.67%, with a 3.19% rise over the last five trading days, 17.45% over the last 20 days, and 14.95% over the last 60 days [2]. Group 2: Company Overview - Jolly Culture, established on January 18, 2000, and listed on June 12, 2008, is located in Hangzhou, Zhejiang Province, and specializes in the research, design, production, and sales of mid-to-high-end architectural decorative materials [2]. - The company's revenue composition includes decorative paper (41.13%), impregnated paper (21.17%), PVC decorative materials (19.55%), decorative paper veneer panels (16.22%), and other (1.92%) [2]. - Jolly Culture is classified under the building materials industry, specifically in the renovation materials sector, and is associated with concepts such as micro-cap stocks, low-priced stocks, small-cap stocks, QFII holdings, and the Yangtze River Delta integration [2]. Group 3: Financial Performance - For the period from January to September 2025, Jolly Culture reported a revenue of 588 million CNY, representing a year-on-year decrease of 6.45%, while the net profit attributable to shareholders decreased by 80.88% to 42.17 million CNY [2]. - Since its A-share listing, Jolly Culture has distributed a total of 310 million CNY in dividends, with no dividends paid in the last three years [3].

Core Viewpoint - The stock of Zhejiang Jule Culture Development Co., Ltd. has seen a 5.37% increase, reaching 3.14 CNY per share, with a total market capitalization of 2.672 billion CNY as of November 3 [1] Company Overview - Zhejiang Jule Culture Development Co., Ltd. was established on January 18, 2000, and listed on June 12, 2008 [1] - The company specializes in the research, design, production, and sales of mid-to-high-end architectural decorative facing materials [1] - The revenue composition of the company includes: decorative paper (41.13%), impregnated paper (21.17%), PVC decorative materials (19.55%), decorative paper panels (16.22%), and other (1.92%) [1] Fund Holdings - Industrial Bank of China Credit Fund has a significant holding in Jule Culture, with the fund "ICBC Joy Mixed A" (011729) owning 287,900 shares, representing 0.18% of the fund's net value, making it the fifth-largest holding [2] - The fund has achieved a year-to-date return of 29.91%, ranking 3061 out of 8223 in its category [2] Fund Manager Performance - The fund manager, Jiao Wenlong, has a tenure of 10 years and 173 days, with a total fund asset size of 8.548 billion CNY, achieving a best return of 60.43% during his tenure [3] - Co-manager He Shun has been in position for 2 years and 16 days, managing assets of 8.558 billion CNY, with a best return of 62.02% [3]