Core Viewpoint - The AI Fund Manulife New Energy Stock A (012126) reported a profit of 12.876 million yuan for the first half of 2025, with a weighted average profit per fund share of 0.052 yuan, and a net value growth rate of 5.91% during the reporting period [2]. Fund Performance - As of September 5, 2025, the fund's unit net value was 1.135 yuan, with a recent three-month growth rate of 27.06%, ranking 17 out of 44 comparable funds [5]. - The fund's six-month growth rate was 17.89%, ranking 22 out of 44, and the one-year growth rate was 47.01%, ranking 23 out of 44 [5]. - Over the past three years, the fund's growth rate was -22.81%, ranking 23 out of 32 [5]. Fund Management Insights - The fund manager expressed optimism about the new energy industry, anticipating a bottom reversal due to the implementation of "anti-involution" policies, which could benefit certain companies [2]. - The manager highlighted positive changes in industries with significant recent declines, such as wind power and energy storage, and noted potential recovery in lithium and cobalt prices [2]. - The manager also emphasized the importance of new technologies, particularly solid-state batteries, and the AIDC industry, focusing on companies with technological barriers that can deliver future performance [2]. Valuation Metrics - As of June 30, 2025, the fund's weighted average price-to-earnings (P/E) ratio was approximately 25.35 times, significantly lower than the comparable average of 1550.21 times [10]. - The weighted average price-to-book (P/B) ratio was about 1.63 times, compared to the comparable average of 2.74 times [10]. - The weighted average price-to-sales (P/S) ratio was approximately 1.12 times, while the comparable average was 2.24 times [10]. Growth Metrics - For the first half of 2025, the fund's weighted average revenue growth rate was 0.17%, and the weighted average net profit growth rate was 0.01% [16]. - The weighted annualized return on equity was 0.06% [16]. Fund Size and Shareholder Composition - As of June 30, 2025, the fund's total size was 218 million yuan, with 17,200 holders collectively owning 239 million shares [31][34]. - All shares were held by individual investors, with management holding a negligible portion [34]. Trading Activity - The fund's turnover rate for the last six months was approximately 159.94%, consistently above the comparable average [37]. Top Holdings - The top ten holdings of the fund included companies such as CATL, Hezhong Electric, Xiaomi Group-W, and Ideal Auto-W [40].
宏利新能源股票A：2025年上半年利润1287.6万元 净值增长率5.91%
Sou Hu Cai Jing·2025-09-08 02:27