2026 Investment Record

Still need to keep recording outputs to push myself. Having knowledge and action requires constantly tracking the amounts; otherwise, the investment logic isn’t very consistent. It’s better to go back and review the records.

So far this year, about a 5% return. Considering nearly half of the portfolio is in 30-year government bonds, outperforming the 300 index is quite satisfactory. I entered a defensive stance too early, mainly because the market levels weren’t low enough. Currently, my holdings mainly consist of arbitrage stocks and undervalued stocks.

Last year, I allocated more to the power sector, which contributed the majority of this year’s gains. China Green Power isn’t purely photovoltaic and hasn’t kept up with the sector, but as consumption stabilizes and increases, its value will naturally be reflected.

Among arbitrage stocks, Dongfeng Group is nearing the end. Given the major shareholder’s determination, privatization is almost certain to succeed. Unfortunately, the RMB appreciation probably ate up about five or six percentage points of gains. I plan to continue holding Lantu for privatization, standing with the major shareholder.

Reorganization of Zhongshan Shan Shares has yielded about 10%. I feel this stock is quite good for swing trading. The creditor meeting has already been held, and the voting period lasts until April 15. During this time, the stock price is likely to fluctuate.

Yajin Technology exceeded expectations; the dividend is good, so I’ll hold and collect dividends.

ST Xin Chao rose quite a bit due to the US-Iran conflict and the expected delisting. Most likely, I won’t be able to buy it back.

ST Renfu and Senlin Qilin have relatively small positions; I am still observing.