Added positions: Changfei, Xunce, Deep New addition: Dsp sector, because there are too few options for A, so I didn’t buy too much. Sold: Huagong, Guangxun, Hudian, Jereh Most of the sold positions were held for over three months. Currently, Changfei accounts for 60% of the portfolio. The logic is mythos— It will raise the ceiling for AI applications. Why not buy chips and storage? The core reason is they lag too far behind. Buying them would just waste portfolio space. For big funds, if you’re buying, go for the leaders or those advancing side by side. See you next time when I reshuffle the portfolio