Xin Lang Cai Jing·2025-07-30 05:41Core Viewpoint - The article discusses the recent research conducted by QuanGuo Fund on the listed company YuNong Commercial Bank, highlighting the fund's performance and the bank's competitive advantages in the retail banking sector. Group 1: Fund Performance - QuanGuo Fund was established on February 8, 2022, and currently manages assets totaling 16.396 billion yuan across six funds with five fund managers [1] - The best-performing fund in the past year is QuanGuo XuYuan Three-Year Holding Mixed A (016709), which recorded a return of 31.73% [1][2] - As of July 25, 2025, the top six non-monetary funds' performance over the past year includes returns of 31.73% for fund 016709 and 31.21% for fund 016710 [2] Group 2: Competitive Advantages of YuNong Commercial Bank - The bank's core competitive advantage lies in its extensive service network, providing "zero-distance" financial services, ensuring coverage in all districts and counties [1] - The bank focuses on rural finance, maintaining a strong presence in county and rural areas, with a network that ensures service availability at the grassroots level [1] - The bank adopts a customer-centric service philosophy, continuously optimizing its product system and enhancing customer experience through digital transformation and professional service teams [1] Group 3: Risk Management and Revenue Stability - As of the end of 2024, the bank reported a 0% non-performing loan ratio in the real estate sector, indicating manageable overall risk [3] - The bank aims to optimize its credit structure and enhance risk management through digital transformation and data integration, focusing on pre-loan investigations and post-loan warnings [3] - The bank plans to balance non-interest income and interest income stability by diversifying non-interest income sources and expanding investment trading opportunities [3][4]