Feng Mingyuan's fund quarterly report has been announced! Contemporary Amperex Technology (300750.SZ) returns to the top ten heavily-held stocks.

On January 21, Feng Mingyuan, the manager of the Xinda Australia Fund, released the fourth quarter report for 2024 for four funds under his management, including Xinda New Energy Industry Stock Fund, Xinda Research Optimized Fund, Xinda Leading Wisdom Selection Fund, and Xinda Wisdom Far Selection Fund. The report showed significant changes in the top holdings, with increased positions in Huaqin Technology, Electric Connector Technology, and Contemporary Amperex Technology returning to the top holdings list. Feng Mingyuan stated that the fund maintained its previous allocation to the electronics and semiconductor industries. The prices and inventory levels in the semiconductor industry have returned to a balanced state, and the industry is expected to show a moderate recovery in the future. Specifically, as of the end of the reporting period, the net asset value per share of Xinda New Energy Industry Fund managed by Feng Mingyuan was 3.694 yuan, with an accumulated net asset value of 3.756 yuan. During the reporting period, the net asset value per share of the Xinda New Energy Industry Fund increased by 15.22%, while the benchmark performance rate for the same period was -1.26%. In terms of top holdings, as of the fourth quarter, the top holdings for the Xinda New Energy Industry Fund included Huaqin Technology (603296.SH), Bestechnic (Shanghai) Co., Ltd. (688608.SH), Electric Connector Technology (300679.SZ), Shenzhen Sunlord Electronics (002138.SZ), ZTE Corporation (000063.SZ), and others. Comparing with the previous quarter, there were significant changes in the top holdings of the fund, with increased positions in Huaqin Technology, Electric Connector Technology, and Contemporary Amperex Technology returning to the top holdings list. Notably, SAIC Motor Corporation and others entered the top ten holdings of the fund. Looking at the other three funds managed by Feng Mingyuan with a three-year holding period, Contemporary Amperex Technology and SAIC Motor Corporation were also among the top ten holdings of the Xinda Leading Wisdom Selection Fund and Xinda Wisdom Selection Fund. Huaqin Technology received increased positions in all four funds and became the largest top holding, while Electric Connector Technology also received increased positions in all four funds. In the report, Feng Mingyuan emphasized that the fund's holdings in the fourth quarter of 2024 were mainly in the electronics, machinery, computer, automotive, and new energy industries. The fund maintained its allocation to the electronics and semiconductor industries from previous quarters. The semiconductor industry's prices and inventory levels have returned to a balanced state, and the industry is expected to show a moderate recovery in the future. The semiconductor companies invested in by the fund are involved in AI, photovoltaics, energy storage, automotive electronics, and other related products, closely related to themes such as energy conservation, emission reduction, and low carbon.