以下文章来源于资事堂 ，作者资事堂 资事堂 . 华尔街见闻出品 作者 郑孝 杰 编辑袁畅 经历了富于挑战的一季度，公募机构的规模座次正式出炉！ 根据WIND资讯截至4月22日晚间20点的统计，已公布季报的非货基金合计18.2万亿，继续保持在历史高位。 按管理人汇总，内地非货基金规模前十名的机构依次为 易方达、华夏基金、广发基金、富国基金、嘉实基金、南方基金、博时基金、华泰柏瑞、招商基金、汇添 富基金。 上述机构也构成了行业的前十强。 另外以门槛值看，第一集团的入围门槛是4950亿元以上，第二集团前20名的门槛规模为2620亿以上。入围难度都不小。 公募行业的规模前十强座次变化，是"头部阵营"竞争缩影。 根据WIND统计，截至2025年一季度末，非货规模前十名依次为：易方达基金、华夏基金、广发基金、富国基金、嘉实基金、南方基金、博时基金、华泰柏瑞、 招商基金、汇添富基金。 | | | 2025年一季度末公募机构非货规模前十名 | | | --- | --- | --- | --- | | 序号 | 机构名称 | 最新规模数据(亿元) | 环比增减幅(%) | | 1 | 易方达基金管理有限公司 | 13520. ...

截至2025年3月31日，招商基金旗下招商瑞恒一年持有期混合C(009378)期末净资产2.52亿元，比上期减 少12.55%，该基金经理为余芽芳。 | 日期 | 期间申购(亿份) | 期间赎回(亿份) | 期末总份额(亿份) | 期末净资产(亿元) | 净资产变动率 | | --- | --- | --- | --- | --- | --- | | 2025-03-31 | 0.00 | 0.00 | 0.02 | 0.02 | -2.54% | | 2024-12-31 | 0.00 | 0.02 | 0.02 | 0.02 | -47.96% | | 2024-09-30 | 0.00 | 0.02 | 0.04 | 0.04 | -27.77% | | 2024-06-30 | 0.29 | 0.35 | 0.06 | 0.06 | -49.10% | 数据显示，该基金近3个月收益率-0.67%，近一年收益率0.16%，成立以来收益率为12.21%。其股票持 仓前十分别为：渝农商行（601077）、格力电器（000651）、四川路桥（600039）、歌尔股份 （002241）、迪威尔、云铝股份（000 ...

Core Viewpoint - The announcement indicates that from April 21, 2025, China Merchants Fund Management Co., Ltd. will add Shanxi Securities Co., Ltd. as a broker for on-site subscription and redemption of certain funds, enabling related business operations in the secondary market [1]. Group 1: Fund Sales Agreement - The fund sales agreement between China Merchants Fund and Shanxi Securities will facilitate the subscription and redemption of funds in the secondary market starting April 21, 2025 [1]. - Investors are advised to follow the relevant regulations of the sales institution for specific business types and procedures [2]. Group 2: Investor Information - Investors can consult detailed information through the official website of China Merchants Fund Management Co., Ltd. [2]. - The company emphasizes the importance of reading the fund contract and prospectus to understand the risk-return characteristics of the fund products [2]. Group 3: Fund Types - A variety of funds managed by China Merchants Fund are listed, including equity, balanced, bond, and money market funds, among others [5][6][7][8][9][10][11][12][13][14][15][16].

Financial Performance - The company reported a basic earnings per share of -0.1100 yuan for Q1 2025, an improvement of 15.38% compared to -0.1300 yuan in Q1 2024 [1] - The total revenue for Q1 2025 was 1.57 billion yuan, representing an 18.94% increase from 1.32 billion yuan in Q1 2024 [1] - The net profit for Q1 2025 was -0.14 billion yuan, showing a 17.65% improvement from -0.17 billion yuan in Q1 2024 [1] - The return on equity for Q1 2025 was -0.58%, an improvement of 13.43% compared to -0.67% in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 62.2289 million shares, accounting for 50.98% of the circulating shares, with an increase of 2.4569 million shares compared to the previous period [2] - Wuhan Sanjiangyuan Investment Development Co., Ltd. holds 25.2094 million shares, representing 20.65% of the total share capital, with no change [3] - Wuhan Beruile Enterprise Management Co., Ltd. holds 14.7906 million shares, accounting for 12.12% of the total share capital, also unchanged [3] - The new entrant in the top ten shareholders is China Merchants Fund Management Co., Ltd. - Social Security Fund 1903 Portfolio, holding 1.2350 million shares, which accounts for 1.01% [3] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares this time [4]

一、主要会计数据和财务指标 前十大流通股东累计持有： 6840.57万股，累计占流通股比： 71.26%，较上期变化： 31.72万股。 | 持有数量(万股) 名称 | | 占总股本比例 | 增减情况(万 | | --- | --- | --- | --- | | | | (%) | 股) | | 江苏康平控股集团有限公司 | 4014.00 | 41.81 | 不变 | | 香港康惠国际集团有限公司 | 1890.00 | 19.69 | 不变 | | 杨兴礼 | 450.00 | 4.69 | 72.00 | | 苏州国品投资管理有限公司 | 300.00 | 3.13 | -21.91 | | 中国银行股份有限公司-招商量化精选股票型发起式证 券投资基金 | 43.21 | 0.45 | 新进 | | 黄江华 | 37.13 | 0.39 | -19.12 | | MORGAN STANLEY & CO. INTERNATIONAL PLC. | 28.17 | 0.29 | 新进 | | 邓业祥 | 26.92 | 0.28 | 0.72 | | 陈明红 | 26.14 | 0.27 | 新进 | | ...

Group 1 - Zhejiang Dingli (603338.SH) reported its 2024 annual results on April 18, 2025, with 582 institutional investors holding a total of 169 million A-shares, representing 33.41% of the total share capital [1] - The top ten institutional investors collectively hold 17.97% of the shares, with a decrease of 3.48 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, 9 funds increased their holdings, accounting for 0.14% of the total, while 35 funds decreased their holdings, representing a reduction of 1.03% [2] - A total of 528 new public funds disclosed their holdings, while 30 funds were no longer disclosed compared to the previous quarter [2] - For social security funds, one fund decreased its holdings by 0.21%, while two new funds disclosed their holdings in Zhejiang Dingli [2] Group 3 - One new foreign institutional investor, Hong Kong Central Clearing Limited, disclosed its holdings in the current period [3]

Group 1 - The announcement regarding the change of fund manager for the "招商中证上海环交所碳中和交易型开放式指数证券投资基金" has been filed with the relevant authorities [1] - The company has participated in the offline subscription of "宏工科技" for its initial public offering, with the share price set at RMB 26.6 per share [2] - The main underwriters for "宏工科技" are also associated with the company's public funds [2] Group 2 - The "招商利安新兴亚洲精选交易型开放式指数证券投资基金" has experienced a significant premium in its secondary market trading price compared to its net asset value as of April 10, 2025 [5] - The fund management company warns investors about the risks associated with trading at a premium and may take measures such as applying for temporary trading suspension if the premium persists [5][8] - The fund management company assures that the fund is operating normally and will continue to comply with legal and regulatory requirements [9]

Group 1 - The core point of the news is that China Merchants Fund Management Co., Ltd. announced that several of its public funds participated in the offline subscription for the initial public offering (IPO) of Honggong Technology Co., Ltd. [1] - Honggong Technology's IPO price is set at RMB 26.6 per share, determined through discussions between the issuer and underwriters based on various factors including market conditions and valuation levels of peer companies [1] - The main underwriters for the IPO are Guangfa Securities Co., Ltd. and CITIC Securities Co., Ltd., which are also custodians or related parties of the funds managed by China Merchants Fund [1] Group 2 - Several public funds managed by China Merchants Fund received allocations of Honggong Technology shares, with specific allocations detailed as follows: - China Merchants CSI Shanghai Environmental Exchange Carbon Neutrality ETF received 1,429 shares valued at RMB 38,011.40 - China Merchants ChiNext Large Cap ETF received 1,273 shares valued at RMB 33,861.80 - China Merchants CSI 1000 Enhanced Strategy ETF received 1,429 shares valued at RMB 38,011.40 - China Merchants Livestock Breeding ETF received 1,429 shares valued at RMB 38,011.40 - China Merchants CSI 300 ETF received 1,429 shares valued at RMB 38,011.40 - China Merchants CSI 500 Equal Weight Enhanced ETF received 1,429 shares valued at RMB 38,011.40 - China Merchants Cloud Computing and Big Data Thematic ETF received 1,429 shares valued at RMB 38,011.40 [1]

Core Viewpoint - Gujinggong Liquor has experienced a decline in stock price over three consecutive trading days, with a cumulative drop of -4.36% [1] Company Overview - Anhui Gujinggong Liquor Co., Ltd. is one of China's eight famous liquor brands and a top 500 manufacturing enterprise in China, known for being the first liquor company to issue both A and B shares [1] - The company is located in Bozhou, Anhui Province, which is recognized as one of the world's top ten liquor-producing regions [1] Financial Performance - The financial report indicates that the招商中证白酒指数(LOF)A fund, managed by招商基金, is among the top ten shareholders of Gujinggong Liquor, having increased its holdings in the last quarter of the previous year [1] - Year-to-date, the fund has achieved a return of 0.46%, ranking 943 out of 3442 in its category [1] Fund Management - The fund manager of the招商中证白酒指数(LOF)A is Hou Hao, who has a background in economics and holds CFA and FRM certifications [3][4] - Hou Hao has been with招商基金 since 2009 and has held various positions, including senior risk manager and investment manager in the quantitative investment department [4][5]

Group 1 - The company has signed a fund sales agreement with Debon Securities, allowing Debon Securities to act as a broker for the trading of the "招商利安新兴亚洲精选ETF (QDII)" starting from April 3, 2025 [1] - Investors can consult details regarding the fund through the company's website or customer service hotline [4][5] - The fund management company emphasizes that it will manage and operate the fund assets with honesty and diligence, but it does not guarantee profits or minimum returns [2][5] Group 2 - The company announced that its public funds will participate in the offline subscription of Nantong Taihe Chemical Co., Ltd.'s initial public offering, with the issue price set at RMB 10.27 per share [3] - The main underwriter for the issuance is Everbright Securities, which is also the custodian for some of the company's public funds [3] - The company has confirmed that the fund's operations are normal and will continue to comply with legal regulations and fund contracts [7]