As we look ahead to 2025, the A-share market is set to maintain its emphasis on the technology sector. In response, certain public fund institutions have recalibrated their private placement strategies, channeling their investments into cutting-edge technologies and emerging industries. These efforts have already started to bear fruit. According to data from Gonggongpaipai.com, based on the private placement listing dates, by December 21, 2025, 39 public fund institutions have taken part in the private placements of 85 A-share companies, with a total investment of 34.088 billion yuan. This marks a year-on-year increase of 13.85%. The figures reveal that the floating profits from these investments have currently surpassed 10 billion yuan, boasting an overall floating profit ratio of 31.51%. It's worth noting that the strategic emphasis on sectors such as electronics and pharmaceutical biology has played a pivotal role in driving these gains.