In terms of active management ability, Yang Dian believed that this year the improvement of fund investment performance could be approached from the following aspects: first, it was necessary to effectively control risks and correctly respond to possible market volatility, maintaining sobriety when the market became frenzied and confidence when the market panicked; secondly, one should remain rational regarding style rotation and frequent switching of hotspots in a volatile market, grasping investment opportunities based on comprehensive analysis of the fundamentals and valuation of industries and sectors; thirdly, the importance of individual stock selection would once again significantly increase this year, with excellent stock-picking skills serving as an effective weapon against systematic risk. Yang Dian mentioned that for stock selection in this year's stock market, more emphasis should be placed on absolute investment value analysis based on the medium- to long-term fundamentals of enterprises, while downplaying "mechanical relative investment value analysis" such as simple price-earnings ratio comparisons.