Guinness
Guinness China A Share Fund
China
Dec 2024 → Jul 2026
Our archive holds 4 letters from this strategy, behind 3 investment theses and positions in 3 companies. Every quote below is copied verbatim from the letter it came from.
4 letters in 3 years — follow all of Guinness for every strategy.
What it bought and sold
We took advantage of the sharp re-rating to rebalance the position in June and realise recent gains.
We initiated a position in Weichai Power, a leading manufacturer of heavy-duty engines, where we see an opportunity to benefit from growing demand for power solutions linked to data centre expansion.
Also held
Its investment theses
- Weichai PowerJul 2026Weichai Power is a heavy-duty engine maker with underappreciated recurring service revenue and exposure to data-centre-driven power demand.
- Hangzhou First Applied MaterialMar 2026Hangzhou First Applied Material is the leading solar encapsulation film maker benefiting from pricing power and potential market share gains as input cost pressures drive industry consolidation.
- Weichai PowerMar 2026Weichai Power is a heavy-duty engine maker positioned to benefit from data-center power demand and high-margin aftermarket services, with diesel and gas capabilities enabling reliable on-site power solutions.