On March 31, the annual report for the Fuguo Tianhui Select Growth Mixed Securities Investment Fund (LOF) managed by Zhu Shaoxing was disclosed for the year 2025. The report showed that the top ten heavy holdings of Fuguo Tianhui Select Growth were: Ningbo Bank (002142.SZ), Jerui Shares (002353.SZ), Contemporary Amperex Technology (300750.SZ), Kweichow Moutai (600519.SH), Spring Power Technology (603129.SH), Zhongchuang Smart Leader (601717.SH), Zijin Mining (601899.SH), Ruifeng New Materials (300910.SZ), Guoci Materials (300285.SZ), and Xugong Machinery (000425.SZ). Among them, Zijin Mining and Xugong Machinery entered the top ten holdings for the first time, while Kweichow Moutai saw a decrease in holdings. The 11th to 20th heaviest holdings were: Sailun Tire (601058.SH), Binjiang Group (002244.SH), Joyson Ultrasonic (688392.SH), Jifeng Shares (603997.SH), Luxshare Precision (002475.SZ), Siqun New Materials (301489.SZ), Nongfu Spring (000061.SZ), Wuxi AppTec (603259.SH), Zejing Pharmaceutical (688266.SH), and Cambrian Technology (688256.SH). From the holdings perspective, Sailun Tire, Siqun New Materials, Wuxi AppTec, Zejing Pharmaceutical, and Cambrian Technology saw further increases, while Binjiang Group, Joyson Ultrasonic, and Luxshare Precision saw decreases. In terms of industry distribution, Fuguo Tianhui Select Growth heavily invested in the manufacturing industry, with a fair value of 16.374 billion yuan, accounting for 72.82% of the fund's net asset value. This was followed by the financial industry, mining industry, and information transmission, software and information technology services industry, accounting for 7.70%, 3.73%, and 2.72% respectively. In terms of performance, the net asset value of the fund shares for Fuguo Tianhui Growth Hybrid (LOF) A/B was 2.9087 yuan, for Fuguo Tianhui Growth Hybrid (LOF) C it was 2.8046 yuan, and for Fuguo Tianhui Growth Hybrid (LOF) D it was 2.9091 yuan; the accumulated net asset value for Fuguo Tianhui Growth Hybrid (LOF) A/B was 5.9567 yuan, for Fuguo Tianhui Growth Hybrid (LOF) C it was 3.1096 yuan, and for Fuguo Tianhui Growth Hybrid (LOF) D it was 2.9091 yuan. During the reporting period, the net asset value of the fund shares increased by 20.03% for Fuguo Tianhui Growth Hybrid (LOF) A/B, 19.07% for Fuguo Tianhui Growth Hybrid (LOF) C, and 20.04% for Fuguo Tianhui Growth Hybrid (LOF) D; the comparative benchmark return rates for the same period were 11.92% for Fuguo Tianhui Growth Hybrid (LOF) A/B, 11.92% for Fuguo Tianhui Growth Hybrid (LOF) C, and 11.92% for Fug...