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【Introduction】The operating conditions of several fund companies in the first half of the year were exposed, and the differentiation is still significant

China Fund News reporter Ruo Hui

On the evening of August 26, several listed companies including Great Wall Securities and Guoyuan Securities disclosed their semi-annual reports, and the first-half revenue performance reports of their controlled or invested fund companies were also exposed.

According to the information disclosed so far, Invesco Great Wall Fund's net profit in the first half of the year reached 481 million yuan, ranking second among the 22 fund companies that have disclosed year-on-year data, second only to China Asset Management. In addition, Great Wall Fund's net profit in the first half of the year also reached 127 million yuan, joining the "100 million yuan club".

Overall, the 22 fund companies achieved a total operating income of 13.108 billion yuan and a net profit of 3.104 billion yuan, down 11.56% and 19.70% respectively compared with the same period last year.

The operating conditions of several fund companies in the first half of the year were exposed

On August 26, Great Wall Securities disclosed its 2024 semi-annual report, and the operating data of its two shareholding fund companies in the first half of the year were also simultaneously disclosed.

Data shows that in the first half of the year, Invesco Great Wall Fund achieved operating income of 1.678 billion yuan and net profit of 481 million yuan, down 17.56% and 25.69% year-on-year respectively.

In the first half of the year, Great Wall Fund achieved operating income of 525 million yuan and net profit of 127 million yuan. The operating income decreased by 9.58% year-on-year, while the net profit increased by 7.05% against the trend.

Changsheng Fund achieved double growth in operating income and net profit against the trend. Guoyuan Securities' 2024 semi-annual report shows that Changsheng Fund's total asset management scale is 124.152 billion yuan, an increase of 3.58% from the end of 2023. Among them, the public offering scale is 92.575 billion yuan, an increase of 15.72% from the end of 2023, exceeding the industry average growth rate of 12.57%, and rising by 4 places from the end of 2023; the non-cash scale is 67.224 billion yuan, an increase of 19.22% from the end of 2023, exceeding the industry average growth rate of 9.59%, and the management scale industry ranking has risen by 2 places from the end of 2023.

As of June 30, 2024, Changsheng Fund's total assets were RMB 1546.1455 million and its net assets were RMB 1300.7601 million. During the reporting period, Changsheng Fund achieved operating income of RMB 245.2329 million, a year-on-year increase of 7.03%; operating expenses of RMB 199.7021 million, a year-on-year increase of 7.99%; and net profit of RMB 34.1282 million, a year-on-year increase of 3.52%.

3 fund companies suffered losses

Affected by factors such as stock market fluctuations, some fund companies saw a decline in revenue in the first half of this year.

According to the semi-annual report of China Post Fund, in the first half of this year, China Post Fund achieved operating income of 170 million yuan, net profit attributable to shareholders of listed companies was 12.4984 million yuan, and net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 127.543 billion yuan, a significant year-on-year decline. China Post Fund said that the year-on-year decrease in operating income was mainly due to the year-on-year decrease in management fee income in this period.

Ruida Futures' 2024 semi-annual report also revealed the operating conditions of its wholly-owned fund company, Ruida Fund, in the first half of the year. Data showed that Ruida Fund lost 6.9982 million yuan in the first half of this year and has not yet turned a profit.

According to the data disclosed so far, three fund companies have suffered losses in the first half of this year.