Core Viewpoint - The report highlights the performance and characteristics of the Jiashi ESG Sustainable Investment Mixed A Fund (017086) for the first half of 2025, indicating a profit of 50.6 million yuan and a net asset value growth rate of 12.75% [2] Fund Performance - The fund's profit for the first half of 2025 was 50.6 million yuan, with a weighted average profit per fund share of 0.1161 yuan [2] - As of September 3, 2025, the fund's unit net value was 1.31 yuan, and its total scale was 355 million yuan [2][32] - The fund's net value growth rates were 31.53% over the last three months, 35.07% over the last six months, and 60.52% over the last year, ranking it 106/607, 81/607, and 168/604 among comparable funds respectively [4] Market Analysis - The A-share market showed a fluctuating and differentiated pattern in the first half of 2025, influenced by the transition of macroeconomic dynamics, with the domestic economy operating at a low level [2] - In the first quarter, major indices fluctuated within a narrow range, with small-cap and thematic sectors outperforming larger and consumer cyclical sectors [2] - The second quarter continued this trend, with a shift in market focus towards new dynamic-driven sectors, benefiting from policy support and a global technology cycle recovery, particularly in technology and pharmaceutical sectors [2] Valuation Metrics - As of June 30, 2025, the fund's weighted average price-to-earnings (P/E) ratio was approximately 24.04 times, compared to the industry average of 33.74 times [9] - The weighted average price-to-book (P/B) ratio was about 3.01 times, while the industry average was 2.47 times [9] - The weighted average price-to-sales (P/S) ratio was approximately 3.26 times, against an industry average of 2.07 times [9] Growth Metrics - For the first half of 2025, the fund's weighted average revenue growth rate was 0.12%, and the weighted average net profit growth rate was 0.26% [16] - The weighted annualized return on equity was 0.13% [16] Fund Composition - As of June 30, 2025, the fund had a total of 2,205 holders, with a total of 345 million shares held, and management personnel held 95,600 shares, accounting for 0.03% [35] - The fund's top ten holdings included companies such as Zhongcai Technology, Lankai Technology, and Tencent Holdings [41]
嘉实ESG可持续投资混合A：2025年上半年利润5060.15万元 净值增长率12.75%
Sou Hu Cai Jing·2025-09-05 14:49