东方红优享红利混合A：2025年上半年末换手率为33.05%

Core Viewpoint - The AI Fund Dongfanghong Youxiang Dividend Mixed A (003396) reported a profit of 19.0473 million yuan for the first half of 2025, with a weighted average profit per fund share of 0.0367 yuan, and a net value growth rate of 1.79% during the reporting period [2]. Fund Performance - As of September 3, the fund's unit net value was 2.455 yuan, with a three-month net value growth rate of 16.30%, ranking 536 out of 880 comparable funds [5]. - The fund's six-month net value growth rate was 10.01%, ranking 713 out of 880, while the one-year growth rate was 36.86%, ranking 484 out of 880 [5]. - Over the past three years, the fund achieved a growth rate of 34.34%, ranking 70 out of 872 comparable funds [5]. Valuation Metrics - As of June 30, 2025, the fund's weighted average price-to-earnings (P/E) ratio was approximately 19.46 times, compared to the industry average of 15.75 times [11]. - The weighted average price-to-book (P/B) ratio was about 1.22 times, while the industry average was 2.52 times [11]. - The weighted average price-to-sales (P/S) ratio was approximately 1.07 times, with the industry average at 2.16 times [11]. Growth Metrics - For the first half of 2025, the fund's weighted average revenue growth rate was -0.02%, and the weighted average net profit growth rate was -0.01% [19]. - The weighted annualized return on equity was 0.06% [19]. Risk and Return Metrics - As of June 30, the fund's Sharpe ratio over the past three years was 0.5738, ranking 34 out of 875 comparable funds [27]. - The maximum drawdown over the past three years was 19.47%, with the highest quarterly drawdown occurring in Q1 2022 at 23.26% [29]. Fund Composition - As of June 30, 2025, the fund's total assets amounted to 1.086 billion yuan [33]. - The fund had a total of 19,500 holders, with individual investors holding 97.46% of the shares [37]. - The fund's recent turnover rate was approximately 33.05%, consistently below the industry average [40]. - Major holdings included Zhongtong Express, Luxshare Precision, Xinzhou Bang, and others [42].