Group 1 - The core viewpoint of the articles highlights the strong performance of Dongfang Caifu in Q1 2025, with significant year-on-year growth in revenue and net profit, indicating a recovery in the public fund issuance market [1][2] - In Q1 2025, the company achieved total operating revenue and net profit attributable to shareholders of 3.486 billion and 2.715 billion yuan, respectively, representing year-on-year increases of 41.9% and 39.0% [1] - The company's operating income growth turned positive, with public fund issuance rebounding significantly, leading to a strong performance in sales [1] Group 2 - The A-share market maintained high trading volumes, with an average daily trading volume (ADT) of 1.5246 trillion yuan in Q1 2025, a year-on-year increase of 70.3%, which positively impacted the company's commission income [2] - The company’s financing interest income increased due to a slight growth in the scale of funds lent out, while self-operated investment income decreased by 13.6% year-on-year to 702 million yuan, attributed to fluctuations in the bond market [2] - The company is expected to see net profits attributable to shareholders of 11.554 billion, 12.329 billion, and 13.220 billion yuan for 2025-2027, reflecting year-on-year growth rates of 20.2%, 6.7%, and 7.2% respectively [2]

作 者丨黎雨辰 编 辑丨姜诗蔷 图 源丨IC p h o t o 公募业推动中长期资金入市的工作方案，正呼之欲出。 2 1世纪经济报道记者注意到，此次即将落地的公募基金改革方案初步细节有几大关注点。 一是基金考核指标上新，强调客户盈利与业绩基准 。 方案显示，未来的基金公司及从业人员考核，将会以业绩与投资者服务类指标作为重点。 其中在公募基金高级管理人员考核方面，方案提到要降低规模、排名、收入、利润等指标在考 核中的权重，而公司业绩指标权重的占比要保持过半。 在基金经理考核方面， 新增"投资者获得感"的相关指标 ，则是此次方案的一大亮点。方案指 出，要将净值增长率、基金利润率、盈利客户占比、业绩与基准偏离度、基金利润率等指标加 入基金经理考核，并占据相对较高的权重比例。在基金公司分类评价指标中，盈利客户占比、 业绩比较基准对比等指标也将在未来占据一席之地。 二是进一步推动费率与薪酬改革，强化业绩比较基准的约束作用。 方案初稿进一步强调推动公募基金产品业绩表现与费率挂钩，对于超越业绩比较基准的产品适 当提高费率，对低于业绩比较基准的产品要降低费率。不过据了解，现阶段的方案中暂未提及 费率降低的具体比例。同时， ...