绩效新规|中欧基金9年分红18.28亿元，总经理刘建平获分红9000万元，近三年43%的产品跑输业绩基准

Core Viewpoint - The recent draft of the "Guidelines for Performance Assessment Management of Fund Management Companies" has sparked significant discussion in the industry, emphasizing the importance of performance in fund management and potentially leading to salary reductions for nearly a thousand fund managers [1][8]. Fund Performance and Dividend Distribution - The guidelines stipulate that fund companies should prudently determine dividend frequency and ratio based on the long-term performance of fund products and investor gains and losses, particularly lowering dividends for funds with poor performance over the past three years [1][7]. - According to Guodu Securities' 2024 report, China Europe Fund reported operating income of 3.526 billion yuan and net profit of 735 million yuan, with a total dividend payout of 264 million yuan and a dividend rate of 35.9% [1][8]. - From 2016 to 2024, China Europe Fund accumulated revenue of 28.843 billion yuan, net profit of 5.668 billion yuan, and total dividends of 1.828 billion yuan, with Guodu Securities receiving 366 million yuan in dividends during this period [1][9]. Employee Shareholding Structure - China Europe Fund is one of the first public fund companies in the industry to implement employee shareholding, having undergone three rounds of equity transfers to core employees since 2014, resulting in over 50% of shares held by employees [3][10]. - As of now, the shareholding structure includes Huaping Investment at 23.3%, Guodu Securities at 20%, and core employees holding a total of 56.7% [3][10]. Fund Product Performance - Data from Wind indicates that from 2022 to 2024, 66% of the 103 fund products under China Europe Fund experienced losses, with 76% underperforming their benchmarks, resulting in a total loss of 116.2 billion yuan for investors [5][12]. - For the period from 2023 to 2025, among 135 products, only 11.85% are expected to incur losses, with 43.7% underperforming their benchmarks [5][12].