The path for private equity reallocations exceeding hundreds of billions is emerging, with a focus on listed companies' profit growth and proactive deployment.

According to Private Equity Ranking Network statistics, based on the disclosed 2025 annual reports of listed companies, there are 25 products under private equity firms with assets at the 10 billion-yuan level. They appear in the top ten circulating shareholders lists of 60 companies, with a total market value of 281.85 billion yuan.

From the perspective of add-on purchasing, multiple listed companies that have “new engines” for performance growth are favored by private equity firms. For example: by the end of 2025, the Gao Yi Linshan No. 1 Yuanyang Fund managed by Fund Manager Feng Liu of Gao Yi Asset increased its holdings in Zhongwei New Materials for two consecutive quarters. In the fourth quarter, products under Chiyang Investment newly entered the top ten shareholders list of Dedong Lighting, while in the same period, products under Renqiao Asset increased their holdings in Chengtuo Holding Group.

In the view of industry insiders, as policy effects gradually become evident and incremental funds continue to flow into equity assets, the profit-driven market may further unfold. (Shanghai Securities News)