华安国企改革主题灵活配置混合A：2025年第二季度利润937.1万元 净值增长率2.77%

Core Viewpoint - The AI Fund Huazhong State-Owned Enterprise Reform Theme Flexible Allocation Mixed A (001445) reported a profit of 9.371 million yuan in Q2 2025, with a net asset value growth rate of 2.77% for the period, indicating potential investment opportunities in state-owned enterprises under reform initiatives [2]. Fund Performance - As of July 18, the fund's unit net value was 2.722 yuan, with a three-month return of 8.32%, ranking 517 out of 880 comparable funds [3]. - The fund's six-month return was 2.95%, ranking 718 out of 880, and the one-year return was 4.37%, ranking 751 out of 880 [3]. - Over the past three years, the fund's return was -27.74%, ranking 735 out of 871 [3]. Risk Metrics - The fund's Sharpe ratio over the past three years was -0.3005, ranking 728 out of 875 [9]. - The maximum drawdown over the past three years was 37.88%, with the highest quarterly drawdown occurring in Q2 2023 at 17.38% [11]. Fund Holdings - As of June 30, the fund's average stock position over the past three years was 85.24%, compared to the industry average of 80.43% [14]. - The fund's top ten holdings as of Q2 2025 included China Pacific Insurance, Shanghai Bank, Agricultural Bank of China, Hangzhou Bank, Jiangsu Bank, Nanjing Bank, Jiangsu Financial Leasing, Fujian Expressway, Dongwu Securities, and China Gold International [20]. Fund Size - As of the end of Q2 2025, the fund's total size was 355 million yuan [16].