鹏华养老产业股票：2025年第二季度利润4195.51万元 净值增长率9.71%

Core Viewpoint - The AI Fund Penghua Pension Industry Stock (000854) reported a profit of 41.95 million yuan for Q2 2025, with a weighted average profit per fund share of 0.2136 yuan, and a net value growth rate of 9.71% during the reporting period [3]. Fund Performance - As of July 17, the fund's unit net value was 2.716 yuan, with a fund size of 464 million yuan [3][16]. - The fund's performance over different time frames includes a 23.34% growth rate over the last three months, ranking 12 out of 167 comparable funds; a 38.93% growth rate over the last six months, ranking 2 out of 167; a 35.39% growth rate over the last year, ranking 30 out of 166; and a -14.91% growth rate over the last three years, ranking 100 out of 159 [4]. Investment Strategy - The fund manager indicated a strong focus on innovative pharmaceuticals since the end of 2022, maintaining a high position despite market fluctuations, which contributed to significant gains in this sector [3]. - The average stock position over the last three years was 84.94%, compared to the industry average of 87.96%, with the highest position reaching 94.75% in Q1 2019 and the lowest at 73.24% in Q3 2021 [15]. Risk Metrics - The fund's Sharpe ratio over the last three years was -0.2327, ranking 133 out of 159 comparable funds [10]. - The maximum drawdown over the last three years was 44.66%, with the largest single-quarter drawdown occurring in Q1 2021 at 25.48% [12]. Top Holdings - As of Q2 2025, the fund's top ten holdings included companies such as BeiGene, Hengrui Medicine, and Dizhihua Pharmaceutical, among others [19].