坚守与进化 “选股专家”焕新回归

Core Viewpoint - 2025 is identified as the "year of return" for active equity investment, with a focus on fundamental research and long-termism, leading to impressive returns for investors, particularly highlighted by the performance of Huatai-PineBridge Fund [1] Performance Summary - In 2025, Huatai-PineBridge's Hong Kong Advantage Selection A and Core Technology One-Year Holding A achieved annual returns of 112.70% and 102.40%, respectively, significantly outperforming their benchmarks of 27.63% and 27.87% [1][14] - A total of 25 active equity funds exceeded a 50% annual increase, with several funds ranking among the top in their categories [1] Long-Term Performance - Over the past three years (2023-2025), Huatai-PineBridge's Health Living One-Year Holding A ranked first among 67 funds, while the North Exchange Innovation Selection Two-Year Open A ranked second among 10 funds [2] - In the five-year period (2021-2025), the Global Mobile Internet Flexible Allocation A ranked third among 33 funds, and the Technology Innovation Flexible Allocation A was in the top 7% of 446 funds [3] Investment Philosophy - Huatai-PineBridge emphasizes a clear investment philosophy focused on in-depth fundamental analysis, selecting high-quality securities, and long-term positioning for sustainable growth [6] - The firm believes that the fundamental performance of companies is the key determinant of long-term value, advocating for a focus on quality securities to manage risks effectively [6] Research and Development System - The company has established a unique vertical integrated research and investment system, enabling efficient collaboration across various industry teams and enhancing its competitive edge [8] - This system aligns with regulatory guidance aimed at promoting high-quality development in public funds, enhancing the firm's team-based operational capabilities [8] Management Innovation - Huatai-PineBridge has implemented a rules-based investment management approach to ensure stable investment styles and controllable risks, integrating data science into the investment management process [10] - The firm has developed a closed-loop quality assurance system that aligns client needs with investment strategies, ensuring a comprehensive approach to investment management [10] Talent Development - The company focuses on building a strong team by selecting and nurturing talent from recent graduates while also attracting experienced professionals to complement its capabilities [12] - Huatai-PineBridge emphasizes a culture of integrity, passion, teamwork, and long-term thinking, fostering a cohesive and effective team environment [12] Future Outlook - The firm aims to continue enhancing its core competencies in active equity investment, solidifying its research platform, optimizing team structures, and improving service efficiency to contribute to the development of a strong financial sector [13]