公募基金上半年业绩揭晓：易方达稳居榜首，7家公司陷亏损

Core Insights - The public fund industry in China has shown a divergence in performance for the first half of 2025, with the top ten companies accounting for nearly 70% of total net profits, while smaller firms continue to struggle with profitability [2][3]. Group 1: Net Profit Performance - The top ten public fund companies generated a combined net profit of over 60% of the industry's total, with five companies exceeding 1 billion yuan in net profit [3]. - E Fund led the net profit rankings with 1.877 billion yuan, a year-on-year increase of 23.84% [4]. - ICBC Credit Suisse and Southern Fund followed with net profits of 1.745 billion yuan and 1.194 billion yuan, respectively, showing growth rates of 29.64% and 15.24% [4][5]. - GF Fund achieved the highest growth rate among the top ten, with a net profit of 1.180 billion yuan, reflecting a 43.54% increase [5]. - In contrast, Huatai-PB Fund fell out of the top ten, reporting a net profit of 480 million yuan, down 30.43% year-on-year [5]. Group 2: Revenue Performance - The top ten public fund companies reported a total revenue of 32.048 billion yuan, marking a year-on-year growth of 13.67% [6]. - E Fund also topped the revenue rankings with 5.896 billion yuan, a 9.71% increase [8]. - Huaxia Fund and GF Fund followed with revenues of 4.258 billion yuan and 3.898 billion yuan, both exceeding 15% growth [8][9]. - Yongying Fund exhibited the most impressive revenue growth at 42.16%, rising from 28th place to 19th in the rankings [9]. Group 3: Losses in the Industry - Seven public fund companies reported losses in the first half of 2025, with Jiangxin Fund suffering the most significant loss of 13.6261 million yuan [11][12]. - Zhejiang Merchants Fund transitioned from profit to a loss of 10.5083 million yuan, indicating substantial performance volatility [12]. - Other funds, such as Su Xin Fund and Hongta Hongtu Fund, also reported losses, but with reduced loss margins compared to 2024 [13].