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长盛国企改革混合:2025年第二季度利润2717.57万元 净值增长率7.53%
Sou Hu Cai Jing·2025-07-19 16:45

Core Viewpoint - The AI Fund Changsheng State-Owned Enterprise Reform Mixed Fund (001239) reported a profit of 27.1757 million yuan for Q2 2025, with a weighted average profit per fund share of 0.0288 yuan. The fund's net value growth rate was 7.53%, and its total scale reached 386 million yuan by the end of Q2 2025 [3][16]. Fund Performance - As of July 18, the fund's unit net value was 0.437 yuan. The fund manager, Dai Yi, oversees two funds, both of which have shown positive returns over the past year. The Changsheng Urbanization Theme Mixed A fund had the highest one-year cumulative net value growth rate at 51.91%, while the Changsheng State-Owned Enterprise Reform Mixed Fund had the lowest at 34.88% [3]. - The fund's one-year cumulative net value growth rate was 34.88%, ranking 98 out of 880 comparable funds. Over the past three months, the growth rate was 17.79%, ranking 116 out of 880, and over the past six months, it was 12.05%, ranking 262 out of 880. However, the three-year growth rate was -20.11%, ranking 610 out of 871 [4]. Risk and Return Metrics - The fund's Sharpe ratio over the past three years was 0.1178, ranking 339 out of 875 comparable funds. The maximum drawdown over the same period was 53.32%, with the largest single-quarter drawdown occurring in Q3 2023 at 30.75% [9][11]. Investment Strategy - The fund management indicated that the A-share market is expected to show a bottomed-out upward trend with structural bull characteristics. There is a possibility of the Shanghai Composite Index reaching new highs, driven by economic recovery and the growth of new productive forces. The fund plans to adjust its structure moderately, enhance its allocation conversion capabilities, and focus on sectors and stocks that can deliver or are expected to deliver performance growth, particularly in state-owned enterprises [3]. Portfolio Composition - As of June 30, the fund maintained an average stock position of 87.88% over the past three years, compared to a comparable average of 80.36%. The fund's highest stock position was 92.84% at the end of H1 2022, while the lowest was 78.7% at the end of Q1 2019 [14]. - The top ten holdings of the fund as of June 30 included Shengyi Technology, Huafeng Technology, Lingyun Industrial, Guangxun Technology, Ruijie Networks, Huagong Technology, Guangming Meat, Shantui, Shennan Circuit, and Shanghai Mechanical [19].