Liang Wenfeng's investment in Xinyu Tree is expected to yield a profit of 700 million.

After participating in the strategic placement, Liang Wenfeng also took part in the offline subscription of Yushu Technology. His quantitative institution, Ningbo Huanfang Quantitative, received allocation for 155 products, including the Huanfang 1000 Index Enhanced Xinhang No. 1 Private Securities Investment Fund, Huanfang CSI 300 Universal No. 1 Private Securities Investment Fund, Huanfang Gold Selected Neutral Exclusive No. 7 Phase 5 Private Securities Investment Fund, and Huanfang Quantitative Customized No. 16 Phase 2 Private Securities Investment Fund, among others. In total, he was allocated 195,000 shares, amounting to approximately 29.4077 million yuan. Additionally, another quantitative institution under Liang Wenfeng, JiuZhang Asset, received allocation for 43 products totaling 63,200 shares, with an allocation amount of about 9.5297 million yuan. Liang Wenfeng achieved a total allocation of 258,200 shares through his two entities, with a total allocation amount of approximately 38.9374 million yuan. Previously, Liang Wenfeng participated in the strategic placement of Yushu Technology through his large model company DeepSeek, receiving a total allocation of 933,400 shares, amounting to approximately 141 million yuan, with a lock-up period of 36 months. Including this offline subscription allocation, Liang Wenfeng has received a total of 1,191,600 shares through DeepSeek, Ningbo Huanfang Quantitative, and Zhejiang JiuZhang Asset, with a total allocation amount of approximately 179.9 million yuan. If Yushu Technology's market value exceeds 300 billion yuan on its first day of listing, Liang Wenfeng is expected to earn a floating profit of about 704 million yuan.