Sou Hu Cai Jing·2025-07-19 10:36Group 1 - The core viewpoint of the report indicates that the fund, Guotai Agricultural Stock A, achieved a profit of 25.351 million yuan in Q2 2025, with a weighted average profit per fund share of 0.0881 yuan, and a net value growth rate of 5.49% during the reporting period [2] - As of July 18, 2025, the fund's unit net value was 1.716 yuan, and the fund manager, Cheng Zhou, oversees 9 funds, all of which have positive returns over the past year [2] - The fund's performance in terms of net value growth rates places it in the following rankings among comparable funds: 9th out of 41 for the last three months (6.24%), 17th out of 41 for the last six months (8.37%), 14th out of 41 for the last year (13.70%), and 28th out of 37 for the last three years (-29.55%) [3] Group 2 - The fund's maximum drawdown over the last three years was 46.17%, ranking 8th out of 37 comparable funds, with the largest single-quarter drawdown occurring in Q1 2021 at 15.53% [11] - The fund maintained an average stock position of 91.65% over the last three years, compared to the industry average of 87.67%, reaching a peak of 93.73% at the end of Q1 2025 [14] - As of the end of Q2 2025, the fund's total assets amounted to 475 million yuan [16] Group 3 - The top ten holdings of the fund as of the end of Q2 2025 include Muyuan Food, Dongpeng Beverage, Wens Foodstuff Group, Haida Group, Salt Lake Industry, Xinyangfeng, Yili Group, Haitian Flavoring and Food, Shuanghui Development, and Anjixin Food [18] Group 4 - The fund management anticipates that support from export and consumption policies for the economy may weaken in Q3, but GDP is expected to remain above 5%. The macroeconomic environment is characterized by limited downside risks, with the A-share market expected to have some upward potential [2]