
Core Viewpoint - CITIC Securities' subsidiary, CITIC Securities Fund Management, achieved a net profit of 50 million yuan in 2024, marking a year-on-year increase of 66.67%, positioning it among the top public fund institutions in terms of performance growth [1][2] Group 1: Financial Performance - The net profit of CITIC Securities Fund Management reached 50 million yuan, with a significant year-on-year growth of 66.67% [1] - Despite a 20% decrease in management fees for equity products, the company experienced a 38.21% growth in public fund business scale, with only a slight decline of 1.29% in public income [2] Group 2: Operational Strategies - The company implemented a digital transformation to optimize operational processes, significantly reducing unnecessary costs through resource concentration and core system upgrades [1] - By enhancing supplier management and promoting centralized procurement, the company improved its core competitiveness while optimizing human resource allocation [1] Group 3: Product Development - CITIC Securities Fund Management expanded the scale of low-volatility products such as bond funds and money market funds, responding to market demand for risk aversion [1] - The company leveraged AI and big data technologies to build quantitative models, achieving breakthroughs in asset allocation and risk warning, which improved investment success rates [1] Group 4: Client Engagement - The company reduced reliance on high-cost distribution channels and enhanced institutional client loyalty through customized services [1] - By deepening collaboration with its parent company's brokerage business, CITIC Securities Fund Management explored a "consulting + product" model for precise client demand matching [1]