On the evening of October 24, Fuguo Fund's well-known fund manager Zhu Shaoxing disclosed the third quarter report of Fuguo Tianhui for 2024. As of the end of the third quarter, the only fund managed by Zhu Shaoxing, Fuguo Tianhui Selected Growth, had a size of 29.251 billion yuan, an increase of 2.31 billion yuan from the end of the second quarter. In terms of holdings, there were four changes in the top ten holdings of the fund in the third quarter: Ningde Times, Blue-ray Technology, Ruifeng New Materials, and Yilink Network entered the top ten holdings, while Midea Group and Ningbo Bank were both increased. Jerit Shares, Xingqi Eyepatch, Zheng Coal Machine, and Maier Medical all exited the top ten major holdings. It is worth noting that in the semi-annual report, Fuguo Tianhui already held Ningde Times, but at that time the number of shares held was 2.65 million, ranking 21st in the major holdings. It can be seen that Zhu Shaoxing made a large purchase of Ningde Times in the third quarter, increasing the number of shares held to 3.3 million. According to the disclosed third quarter report, the fund had a small net redemption in the third quarter, with A/B share units decreasing from 10.708 billion shares at the beginning of the period to 10.53 billion shares at the end of the period, and C share units decreasing from 765 million shares at the beginning of the period to 751 million shares at the end of the period. In terms of performance, the net asset value growth rate of the fund in the third quarter was 10.43% for A/B units and 10.21% for C units, while the benchmark return rate for the same period was 11.26% for A/B units and 11.26% for C units. In the third quarter report, Zhu Shaoxing stated that under the current valuation, the dividend value style can still find good investment opportunities, and the quality growth style also has many investment opportunities. In terms of individual stock selection, Fuguo Tianhui prefers to invest in companies with good "business genes", complete corporate governance structures, and excellent management. Zhu Shaoxing believes that these types of companies are more likely to create value for investors in the future. Sharing the capital market returns brought by the growth of the company itself is the best way for growth funds to achieve returns.