Hua Fu Tong Fund's 2025 revenue is 1.333 billion, net profit is 485 million, and the Bond ETF has maintained the industry’s number one position for five consecutive years.

On the evening of March 27, Guotai Junan disclosed its 2025 annual report, and at the same time, the operating data of its subsidiary, Haitong Fund, was also released.

It is reported that Guotai Junan holds a 51% stake in Haitong Fund. As of the end of 2025, Haitong Fund had total assets of 4.971 billion yuan, net assets of 3.157 billion yuan, operating income of 1.333 billion yuan, and net profit of 485 million yuan.

In 2025, Haitong Fund adhered to a specialized and distinctive development path, focusing on pension funds, fixed income +, bond ETFs, and other specialized business areas. It continuously deepened its investment research system construction, accelerated the full-chain empowerment of technology in investment research, operations, and customer service, solidified its active investment capabilities, and fully enhanced the customer holding experience. The short-term and long-term returns of its actively managed equity funds ranked among the best in the industry, and operating performance improved significantly. Haitong Fund made every effort to contribute to the pension finance sector and supported the construction of a multi-tiered, multi-pillar pension insurance system, with the scale of pension asset management reaching new historical heights. It continued to promote the construction of its bond ETF business system, with ongoing improvements in scale, product layout, and market functions.

By the end of the reporting period, the total scale of bond ETFs managed by Haitong Fund amounted to 125.044 billion yuan, a year-on-year increase of 146.1%, maintaining the industry’s top position for five consecutive years.

The announcement also stated that in August 2025, Haitong Fund was subject to administrative regulatory measures, including the issuance of a warning letter by the Shanghai Securities Regulatory Bureau, due to issues such as non-compliance in private asset management investment management, insufficient active management of certain private asset management plans, and inadequate execution of investment authority management systems for private asset management business.

In response to the aforementioned issues, Haitong Fund has promptly rectified the situation, including conducting serious internal accountability, strengthening compliance training, emphasizing active management, and improving internal control measures for private asset management business.

(Announcement)

(Editor: Xu Nannan)

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