Core Insights - Zhejiang Haokun Shengfa Asset has gained significant attention in the private equity sector over the past year, with its products frequently appearing on performance rankings and experiencing explosive growth in scale [1][3]. Investment Strategy - The core investment strategy is summarized as "insightful foresight and agile victory," emphasizing a high win rate and the principle of small losses with large gains [2]. - The strategy respects market rules and involves rapid adjustments to positions when predictions conflict with market performance, ensuring flexibility and timely responses [2]. - The manager has extensive experience, having conducted on-site research on over a thousand listed companies, which aids in adapting to market changes [2]. Performance and Growth - Since taking over management, the representative products have consistently appeared on industry ranking lists, with the company's scale increasing from less than 500 million to over 1.8 billion [3]. Investor Relations - The company prioritizes investor returns, treating investor funds as its own, and has implemented a co-investment and profit-sharing mechanism to align interests [4]. - Over the past year, the company has internally purchased over 25 million in its products, with executives and employees contributing over 50 million, reinforcing investor confidence [4]. - Regular dividends are paid to investors, with most products having distributed dividends, and some investors have already recouped their principal [4]. Compliance and Risk Management - Strict adherence to compliance is emphasized as a foundation for sustainable growth, with a robust internal control and risk management system established [5]. - The company avoids short-selling stock index futures to mitigate leverage risks and has set strict limits on individual stock holdings [5]. - The maximum drawdown for most products does not exceed 15%, indicating effective risk management [5]. - The company has recruited five industry researchers and collaborates with external brokers to obtain timely market information and professional advice [5].

Core Points - The company is preparing for the 2024 Annual General Meeting (AGM) scheduled for May 30, 2025, to ensure the protection of shareholders' rights and maintain order during the meeting [2][3] - The company has reported steady growth in its financial performance for 2024, with operating income reaching 7.718 billion and net profit at 2.207 billion, reflecting year-on-year increases of 8.42% and 2.55% respectively [8][9] - The company emphasizes compliance and risk management, having not added any significant risks for four consecutive years, and has implemented various initiatives to enhance corporate culture and governance [9][13] Meeting Procedures - The AGM will include a combination of on-site and online voting, with specific procedures outlined for shareholder participation and voting [3][6] - The company will not provide gifts or arrange accommodations for shareholders attending the AGM, ensuring equal treatment for all [6] - Legal representatives will be present to provide legal opinions during the meeting [4] Financial Performance - The company achieved a stable growth trajectory in 2024, with a focus on enhancing operational quality and profitability [8][9] - The board of directors has proposed an increase in cash dividends, with plans to distribute 395 million in cash dividends in October 2024 and an additional 488 million at the end of the year, marking historical highs [12] Governance and Compliance - The board has undertaken significant governance improvements, including the revision of various internal regulations to enhance operational efficiency and compliance [10][16] - The company has actively engaged in investor relations, conducting performance briefings and enhancing communication with stakeholders [11] Social Responsibility - The company is committed to social responsibility, actively participating in rural revitalization projects and educational initiatives, benefiting thousands of individuals [13][16]