中信证券：华夏基金2025年净利润23.96亿元 较上一年同期增长11.02%

Core Viewpoint - The financial performance of Huaxia Fund for the year 2025 shows significant growth in both revenue and net profit compared to the previous year, indicating a strong operational performance and asset management capability. Financial Performance - As of December 31, 2025, Huaxia Fund reported total assets of RMB 222.46 billion and total liabilities of RMB 71.51 billion [6] - The company achieved an operating income of RMB 96.26 billion and a net profit of RMB 23.96 billion for the year 2025 [6] - Comprehensive income totaled RMB 23.68 billion for the same period [6] Year-on-Year Growth - The operating income for 2025 increased by 19.86% compared to the same period in 2024 [8] - Net profit for 2025 rose to RMB 21.58 billion, reflecting an increase of 11.02% year-on-year [8] Asset Management - By the end of Q4 2025, Huaxia Fund's asset scale reached RMB 22,797.8 billion, which is an increase of RMB 4,917.3 billion compared to the same period in 2024 [8] - The number of products offered by Huaxia Fund increased by 72 during the year [8] Asset Management Scale - As of December 31, 2025, the parent company of Huaxia Fund managed assets totaling RMB 30,144.84 billion [6]