On October 23, the Zhujian Sheng-managed China New Emerging Stocks Fund released its third quarter report. In the third quarter, the fund increased its positions in Xingrui Technology (002937.SZ), Yiwei Lithium Energy (300014.SZ), and Yangdian Technology (301012.SZ), while Ding Sheng New Materials (603876.SH), Shangtai Technology (001301.SZ), Tobao Shares (002139.SZ), Zhejiang Dingli (603338.SH), Changhai Electric New (002452.SZ) became the top ten heavily weighted stocks in the fund. Meanwhile, Zhongji Xuchuang (300308.SZ), Xin Yisheng (300502.SZ), and Jiangsu Huachen (603097.SH) were removed from the top ten heavily weighted stock list. It is not difficult to see that Zhujian Sheng increased positions in the lithium battery sector, which experienced a significant decline, and reduced holdings in the high-priced light module sector. In the report, Zhujian Sheng stated that with the decisions of the major meetings in late September and the positive changes in monetary and fiscal policies, there has been a significant shift in market expectations for the economy, especially in terms of domestic demand, real estate, and other industries. As assets related to domestic demand have undergone sufficient adjustment in the past three years or so, the current market sentiment towards future performance is relatively optimistic. Looking ahead, the market's focus may be on assets with relatively high elasticity and strong correlation with domestic demand, which have proven to possess certain core competitiveness over the past few years. Specifically, as of the end of the third quarter, the equity investment position of the China New Emerging Stocks Fund reached 91.23%. In terms of holdings, in the third quarter, the fund increased its positions in Xingrui Technology, Yiwei Lithium Energy, and Yangdian Technology, while Ding Sheng New Materials, Shangtai Technology, Tobao Shares, Zhejiang Dingli, and Changhai Electric emerged as the top ten heavily weighted stocks in the fund. Zhongji Xuchuang, Xin Yisheng, and Jiangsu Huachen were removed from the top ten heavily weighted stock list. It is worth noting that Zhujian Sheng increased positions in the lithium battery sector, which experienced a significant decline, and reduced holdings in the high-priced light module sector. In terms of net asset value, as of September 30, 2024, the net asset value of Class A shares of the China New Emerging Stocks Fund was 3.8903 yuan, and the cumulative net asset value was 4.3703 yuan. The net asset value of Class C shares was 3.8046 yuan, and the cumulative net asset value was 3.8046 yuan. In the third quarter, the net asset value growth rate of Class A shares of the China New Emerging Stocks Fund was 4.12%, with a benchmark return rate of 14.67% for the same period. The net asset value growth rate of Class C shares was 3.98%, with a benchmark return rate of 14.67% for the same period.