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Chen Chen, Deputy Director of Yuanxin Yongfeng Fund, emphasizes in-depth research to create long-term value.Crashmindovermutantps3Its investment style focuses on value growthCrashmindovermutantps3Advocate the selection of growth opportunities from a medium-and long-term perspective, and be optimistic about this year's market, focusing on the targets related to economic stabilization and rebound, science and technology, manufacturing and other areas.

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[Chen Chen: in-depth research is the foundation of public offering fund investment] Chen Chen, deputy director of Yuanxin Yongfeng Fund Research Department and fund manager of equity investment department, has 14 years of experience in securities industry. He firmly believes that in-depth research can create long-term value, which is the foothold of professional institutional investors in the market. Chen Chen stressed that knowledge and practice are consistent with conscience, that is, through continuous practice and long-term persistence, the pursuit of reasonable and stable long-term returns. After joining Yuanxin Yongfeng Fund in 2017, Chen Chen realized the transformation from seller's research to buyer's research. His research covers a wide range of areas, including technology growth stocks and cyclical varieties, but he always keeps a deep track of the fundamentals of individual stocks in the industry. In May 2020, he began to manage the fund and became a fund manager, using research-driven investment as a work guide to give full play to its advantages in seller and buyer research. In 2022, Chen Chen was promoted to head of the research department of the company, and instilled the concept of research drive and integration of investment and research into the whole investment and research department. His investment style is becoming clearer, that is, sticking to value growth. He stressed that in the allocation of individual stocks, priority should be given to enterprises with long-term sustainable value creation ability, and pay attention to such elements as business model, entrepreneurship, corporate governance, core competitiveness and growth space. Chen Chen believes that the most fundamental factor that determines the long-term return on investment is the long-term growth ability of the target. He unifies growth and value, and introduces the time dimension, thinking that growth creates value, and value leads growth. In this system, he needs to grasp the possibility and certainty of value growth, and ensure that this value growth can be tenable in a longer time dimension. Chen Chen knows very well that public fund investment is not a solo show for fund managers, but needs to be shared with investors. He regards "knowledge and action unify conscience" as his investment philosophy guidance, and pursues stable and reasonable long-term return. He regards fiduciary responsibility as the basic essence of public offering funds and adheres to the concept of "to conscience". Chen Chen is optimistic about the current market. He believes that while this year's GDP growth target is challenging, it is likely to exceed expectations. The current consumption data is resilient, export data continue to be strong, and investment data are improving. With the further landing of policies and measures, the economy is expected to achieve the trend of low before and high after. He also stressed that from the perspective of market expectations, there is a "reversal" behind consistent cautious expectations. In terms of investment opportunities, Chen Chen suggested that in the short term, focus on the direction of elastic targets, export chains and fundamentals approaching the inflection point with both performance and valuation as the economy stabilizes and recovers. In the medium term, he suggests focusing on industries that meet the national conditions and development characteristics of the future, such as science and technology, manufacturing, consumption, security and other areas, as well as excellent enterprises that are globally competitive and continue to evolve.