SDIC Capital(SH:600061) Xin Lang Cai Jing·2026-02-26 04:59Core Viewpoint - The compensation plan for the Guotou Silver LOF fund has been officially launched, marking a significant event in the industry following a drastic drop in silver prices on January 30, which saw a peak decline of 36% and a closing drop of 25% [5][6][10]. Group 1: Compensation Plan Details - The compensation application for Guotou Silver LOF started today, allowing investors to apply for settlement funds through the "Guotou Ruijin Silver Fund" mini-program on Alipay [3][4]. - Investors who submitted redemption applications between January 30, 2026, at 15:00 and February 2, 2026, at 15:00, are eligible for compensation, excluding institutional investors [10][36]. - Natural person investors with affected amounts below 1,000 yuan will receive full compensation, which constitutes over 90% of individual investors [10][11]. Group 2: Compensation Calculation - The compensation scheme includes a tiered payout structure based on the affected amount, with specific percentages allocated for different ranges [13][38]. - The calculation of the affected amount is based on the redemption confirmation amount adjusted for the valuation drop, with a specific formula provided [14][39]. - An example illustrates that an affected amount of 5,195.57 yuan would yield a total compensation of 1,919.56 yuan, calculated through the tiered percentages [16][40]. Group 3: Implementation Steps - Investors can begin the application process by searching for the mini-program on Alipay, completing identity verification, and checking their eligibility for compensation [18][42]. - Once verified, the system will display the estimated affected amount and the compensation that can be applied for, followed by the generation of a settlement agreement for online signing [19][43]. Group 4: Financial Impact on Guotou Ruijin - Guotou Ruijin is expected to cover the compensation costs from its own assets, specifically from its risk reserve fund, without involving fund assets [22][49]. - The estimated financial impact on Guotou Ruijin's net profit for 2026 is projected to be less than 5% of the audited net profit for 2024, approximately 13.47 million yuan [25][50]. - The total compensation amount that Guotou Ruijin may bear is estimated to be no more than 431 million yuan [26][51]. Group 5: Industry Implications - The resolution of the compensation plan is seen as a rare operation that crosses the exemption zone, providing a significant lesson for Guotou Ruijin and the industry regarding risk management [28][54]. - Some investors with amounts exceeding 1,000 yuan have expressed dissatisfaction with the compensation scheme, indicating potential ongoing complaints, although they represent a small fraction of the total [31][56].