04财富视野 ...

Core Viewpoint - The Fujian branch of China Cinda is effectively implementing financial work with a focus on political and public service aspects, playing a crucial role in risk prevention and resolution while serving the real economy [2][7]. Group 1: Performance and Achievements - In 2024, under the leadership of the Fujian branch's party committee, the business unit achieved outstanding performance, ranking first among the branch's departments in comprehensive scoring [2][7]. - Profit indicators and fixed-income cash recovery metrics exceeded the targets set by the branch, with the amount of investment in acquisition and the profits generated from these acquisitions each accounting for over 50% of the branch's total [2][7]. - The business unit has received multiple honors, including the "Top 100 Business Teams" award for 2024 and the "Outstanding Case" business innovation award, along with recognition as an "Advanced Department" for 2024 and 2022 [2][7]. Group 2: Risk Management and Asset Acquisition - In 2024, the business unit participated in the due diligence and valuation of 34 asset packages, successfully acquiring 6 non-performing asset packages, with 2 of these packages achieving precise pricing not exceeding 1% above industry standards [2][7]. - The unit contributed over 53% to the branch's acquisition scale and actively explored cooperative recovery and acquisition delegation models to assist small and medium-sized banks in mitigating financial risks [2][7]. Group 3: Business Transformation and Innovation - The business unit has successfully completed the branch's first non-bank financial institution's non-performing asset acquisition and identified business opportunities from non-performing debts at banks, leading to the approval of the first two judicial auction projects [3][8]. - A special research group was established to develop a report on judicial auction business for hydropower stations, which serves as a reference for the system [4][9]. Group 4: Client Engagement and Economic Support - In 2024, the business unit conducted over 100 client and project visits, engaging with local state-owned enterprises, financial institutions, courts, and intermediaries, positioning itself as a provider of integrated financial solutions [5][10]. - The unit is focused on building an ecosystem for non-performing assets and is actively following up on multiple client and project resources in equity investment, bankruptcy restructuring, and state-owned enterprise business [5][10].

Company Overview - Hunan Wantai Huari Investment Management Co., Ltd. was established in March 2009, with a registered capital of 10 million yuan and a current management scale exceeding 1.4 billion yuan [4][6] - The company combines value investing and trend investing tailored to the Chinese capital market, focusing on risk control and sustainable long-term returns, with over 90% of clients achieving positive returns [4][13] Development History - The company launched its first trust asset management product in 2009 and became a member of the China Securities Association in 2013 [5] - It obtained private securities fund management qualifications in 2014 and became a member of the Asset Management Association of China in 2017 [5][6] Core Team - The core team consists of members from leading firms such as CICC, GF Securities, and Zhuque Fund, each with over 16 years of experience in their respective research fields [6][12] - The investment and research teams work closely together, ensuring efficient transformation of research into actionable investment strategies [10][12] Investment Philosophy & Strategies - The investment philosophy emphasizes risk control, with a focus on macroeconomic and policy analysis to identify growth sectors while maintaining a balanced approach to risk and return [9][10] - Key strategies include careful stock selection based on growth trajectories and intrinsic value assessments, with a focus on long-term sustainable growth [9][10] Market Outlook - The company is optimistic about a slow bull market characterized by a decline in domestic risk-free rates and a favorable environment for equities [12][14] - The anticipated return of capital to A-shares due to U.S. interest rate cuts and a weaker dollar is expected to drive market growth [12][14] - The economic landscape is shifting from a "negative beta" to a "zero beta" environment, indicating potential for structural market growth despite overall economic weakness [14][15] Core Advantages - The company prioritizes client interests and adopts a long-term investment approach, ensuring a high degree of alignment between management and investor interests [13] - A stable team structure and effective internal collaboration enhance research capabilities and investment decision-making efficiency [13][12]