Sou Hu Cai Jing·2025-04-21 06:22Core Insights - The AI Fund Guangfa Hong Kong and Shenzhen New Opportunities Stock (001764) reported a profit of 42.15 million yuan for Q1 2025, with a weighted average profit per fund share of 0.0675 yuan. The fund's net value growth rate was 7.97%, and the fund size reached 637 million yuan by the end of Q1 2025 [2][15]. Fund Performance - As of April 18, the fund's unit net value was 1.028 yuan. The fund manager, Li Yaozhu, oversees nine funds, with the Guangfa Hong Kong Stock Connect Growth Selected Stock A achieving the highest one-year return of 15.32%, while Guangfa Ju You Flexible Allocation Mixed A recorded the lowest at -7.17% [2][3]. Investment Strategy - The fund's management emphasized a focus on China's new consumption sector, particularly in Hong Kong stocks. The shift in consumer behavior towards quality of life and spiritual needs is expected to create new consumption giants. The fund aims to identify companies with brand advantages that provide high-quality products, particularly those reflecting Chinese cultural elements in sectors like trendy toys, luxury goods, tea drinks, cosmetics, and medical beauty [3]. Comparative Performance - As of April 18, the fund's performance metrics include a three-month net value growth rate of 6.87%, ranking 7 out of 74 comparable funds; a six-month growth rate of -6.79%, ranking 60 out of 74; a one-year growth rate of 9.37%, ranking 28 out of 74; and a three-year growth rate of -7.72%, ranking 40 out of 73 [3]. Risk Metrics - The fund's Sharpe ratio over the past three years was 0.3336, ranking 32 out of 73 comparable funds. The maximum drawdown over the same period was 43.41%, with the largest single-quarter drawdown occurring in Q1 2022 at 30.1% [8][10]. Investment Concentration - The fund has a high concentration in its holdings, with the top ten stocks consistently representing over 60% of the portfolio for nearly two years. As of Q1 2025, the top ten holdings included Tencent Holdings, Xiaomi Group-W, Alibaba-W, Pop Mart, Lao Pu Gold, BYD Co., Mao Ge Ping, Juzi Biology, TCL Electronics, and Ninebot [19].