On October 24, Xingzheng Global Fund's renowned fund manager Xie Zhiyu disclosed the third quarter report for 2024 for Xingquanheyi and Xingquanhao. Overall, in the third quarter, the stock positions of Xingquanheyi and Xingquanhao were adjusted, with both funds increasing their holdings of China Ping An (601318.SH) by 2.4028 million shares and 4.6647 million shares respectively. In addition, both funds also increased their holdings of Luxshare Precision (002475.SZ) by 2.3756 million shares and 6.5979 million shares. Taking their representative fund, Xingquanhao, for example, the fund's size in the third quarter was 23.69 billion yuan, an increase of 2.405 billion yuan from the previous second quarter. As of the end of the reporting period, the fund's net asset value increased by 13.39%, slightly outperforming the benchmark index for the same period. In addition, the fund experienced a net redemption of 289 million shares during the reporting period. In terms of holdings, compared to the end of the second quarter, Haier Smart Home (600690.SH) rose to become the top holding stock for Xingquanhao, while China Ping An (601318.SH) and Meihua Biology (600873.SH) entered the top ten holdings. Sanan Optoelectronics (600703.SH) and Northern Huachuan (002371.SZ) exited the top ten. Looking at Xingquanheyi Hybrid Fund, as of the end of the third quarter report, the net asset value of Xingquanheyi Hybrid A was 1.4180 yuan, with a growth rate of 14.51%, while the benchmark return was 13.59%. The net asset value of Xingquanheyi Hybrid C was 1.3798 yuan, with a growth rate of 14.35%, and a benchmark return of 13.59%. As of the end of the third quarter, the top ten holdings of Xingquanheyi included Lanqi Technology (688008.SH), Jingchen Shares (688099.SH), Haier Smart Home (600690.SH), Ningde Times (300750.SZ), Kuaishou-W (01024), China Ping An (601318.SH), China Ping An (02318), Crystal Optoelectronics (002273.SZ), Bull Group (603195.SH), High Wei Electronic (01415), and Luxshare Precision. Compared to the second quarter, Sanan Optoelectronics and Northern Huachuan exited the top ten, while Luxshare Precision and China Ping An entered the top ten, and High Wei Electronic increased its holdings by 5.0898 million shares. In the third quarter report, Xie Zhiyu stated that overall, domestic macroeconomic policies are at a turning point, while the international economy is likely to remain stable. Looking at various sectors, due to the overall increase in market risk appetite, the securities sector saw a significant rise at the end of the quarter, with optimistic sentiment spreading to sectors such as semiconductors, technology, and new energy. The home appliances and automotive sectors continued to increase subsidies in the third quarter, with leading companies performing well. Looking ahead to the fourth quarter, Xie Zhiyu stated that with the gradual implementation of countercyclical macroeconomic policies, positive factors in the equity market are continuously accumulating, and specific industries are expected to see improvements in expectations and business conditions. The future focus will be on finding sectors with improving business conditions, persistently seeking out companies with long-term growth value, and continuously looking for outstanding companies with good investment value.