国投白银LOF复牌大涨近9%，国投资本称补偿方案影响净利不超5%

Core Viewpoint - The "popular fund" Guotou Ruijin Silver Futures Securities Investment Fund (LOF) experienced significant volatility, with a sharp increase followed by a drastic decline in net value due to valuation adjustments and market conditions affecting silver prices [1][2][4]. Group 1: Fund Performance - After resuming trading on February 24, the fund saw a high opening and reached a peak increase of 8.93% [1]. - The fund's net value for Class A shares dropped from 3.2838 yuan to 2.2494 yuan on February 2, marking a single-day decline of 31.5%, the largest in public fund history [2][4]. - The fund's scale once exceeded 18.9 billion yuan, driven by a significant rise in silver prices, which had increased over 40% within the year [1]. Group 2: Valuation Adjustments - The drastic changes in the fund's net value were attributed to adjustments in the fund's valuation method [4]. - Guotou Ruijin Fund Management announced the establishment of a working group to address investor concerns and support resolutions through mediation and arbitration [4]. - A collective complaint against the fund regarding unauthorized retrospective valuation adjustments has accumulated over 17,600 entries, with more than 17,000 participants involved [4]. Group 3: Financial Impact - Guotou Capital, the fund's indirect controlling shareholder, indicated that the valuation adjustment would negatively impact the company's net profit for 2026, with an estimated effect of less than 5% of the audited net profit for 2024, equating to approximately 134.7 million yuan [1].