The highest floating profit this year exceeds 200%, with 80% of public offerings participating in fixed increase projects generating "positive returns."

Since the beginning of this year, public funds have performed remarkably well in the private placement market. With the market warming up, over 80% of public fund private placement projects have achieved floating profits, with some funds seeing floating profits exceeding 10 million yuan on individual private placement targets. Additionally, certain stocks have brought considerable floating profit ratios due to significant price increases. Among them, Shanghai Smith Adhesive New Material is heavily held by multiple products under Xingzheng Global Fund, with the latest stock price rising over 200% compared to the private placement price. Industry insiders analyze that the multiple resonance of regulatory support, market practices, and investment demand has led to a continuous emergence of restructuring cases in strategic emerging industries, providing new space for public funds to further explore industry consolidation and turnaround opportunities