Recently, private equity fund managers with tens of billions in assets have been actively pursuing investment prospects. Choice data indicates that since 2025, prominent fund managers such as Dong Chengfei and Wang Xiaoming from Ruijun Asset Management, Liu Xiaolong from Juming Investment, and Dai Lujing from Zhengyuan Investment have been frequently engaged in investor relations activities of listed companies. Their primary focus of research has been the technology sector. According to Private Fund Ranking statistics, the semiconductor industry topped the list of private fund research in January. Industry experts opine that the transformation and upgrading of the Chinese economy, coupled with substantial breakthroughs in domestic large-scale model technology, will offer substantial growth opportunities to the technology industry, making it a pivotal investment theme this year.