近30家公募上半年业绩曝光：易方达净利18.77亿元领跑，3家中小公司亏损超千万

Core Insights - The performance of publicly offered fund companies in the first half of 2025 shows a significant disparity between leading firms and smaller firms, with top companies achieving substantial profits while many smaller firms face losses [1][11]. Revenue Performance - A total of 28 fund companies have reported their revenue, with 22 companies generating over 100 million yuan, and 8 companies exceeding 1 billion yuan in revenue [2][4]. - The top three fund companies by revenue are E Fund, Huaxia Fund, and GF Fund, with revenues of 5.896 billion yuan, 4.258 billion yuan, and 3.898 billion yuan respectively [2][4]. - Notably, some companies have only disclosed net profit data, indicating that the number of companies with revenues exceeding 1 billion yuan may be higher [2]. Profitability Analysis - Among the fund companies with available data, 11 companies reported net profits exceeding 100 million yuan, with E Fund, GF Fund, and Huaxia Fund leading with net profits of 1.877 billion yuan, 1.178 billion yuan, and 1.123 billion yuan respectively [5][8]. - Conversely, several companies reported significant losses, with Jiangxin Fund, Zheshang Fund, and Huaxi Fund each losing over 10 million yuan [8]. Growth Trends - Eleven companies experienced a year-on-year revenue growth of over 10%, with notable growth from smaller firms like Suxin Fund, which saw a staggering increase of 4079.97% despite low revenue [4][9]. - Larger firms also maintained strong growth, with GF Fund and Huaxia Fund reporting revenue growth rates of 22.17% and 16.05% respectively [4][9]. Market Dynamics - The gap between leading and smaller fund companies is widening, with top firms benefiting from comprehensive product lines and robust research capabilities, while smaller firms struggle due to limited resources and market presence [11][12]. - The current public fund industry is undergoing a phase of quality improvement, where leading companies leverage their scale and research advantages, while smaller firms need to find niche markets and develop unique products to survive [12].