Core Viewpoint - Huashang Fund, established in 2005, has become a benchmark institution in the active management field of public funds, emphasizing deep research-driven investment and maintaining a commitment to prioritizing the interests of investors [2][7]. Group 1: Company Development - Huashang Fund was officially established on December 20, 2005, as the 50th public fund management company in the industry, supported by its major shareholder, Huashang Securities [3]. - The company has consistently adhered to the development philosophy of "integrity as the foundation, wisdom creates wealth," focusing on building a trustworthy fund brand [4]. - Since its inception, Huashang Fund has emphasized active management as its core competitive advantage, leading to a distinctive development path in the competitive asset management industry [4]. Group 2: Performance and Achievements - Under the leadership of General Manager Wang Xiaogang since July 2018, the fund's non-monetary management scale has grown from 17.7 billion yuan at the end of 2018 to over 100 billion yuan by 2023 [5]. - As of the first quarter of 2025, Huashang Fund's active equity funds ranked 8th and 3rd in absolute returns over the past 5 and 7 years, respectively, among 135 and 111 companies in the same business [5]. - The fund's active fixed-income funds achieved the top ranking in both 5-year and 7-year performance among 126 and 101 companies, respectively [5]. Group 3: Investment Strategy and Research - Huashang Fund's integrated research and investment system is the engine driving its long-term excess returns, with a focus on deep research to solidify its investment foundation [8][9]. - The company has established six research groups covering all industries and five cross-group research topics to enhance research professionalism and break traditional barriers [8]. - The fund emphasizes a culture of deep research and integrated investment, fostering collaboration between fund managers and researchers to optimize investment strategies [9]. Group 4: Talent and Innovation - As of the end of 2024, Huashang Fund's research team consists of 65 members with an average experience of nearly 8 years, including 17 senior fund managers with over 10 years of experience [10]. - The company employs a dual-track mechanism of "internal cultivation + external introduction" to build a well-ordered talent system for long-term development [10]. - Huashang Fund is exploring the application of AI in research and investment to enhance data processing and industry trend analysis efficiency [10]. Group 5: Commitment to Investors - Huashang Fund actively optimizes its service ecosystem, especially during market downturns, emphasizing investor companionship and rational investment guidance [11]. - The company has invested its own funds in equity and mixed funds during market lows, demonstrating a commitment to sharing risks and rewards with investors [11]. - The launch of the Huashang CSI A500 Index Enhanced Fund, which raised 20 million yuan in just four trading days, reflects the company's confidence in its products and the long-term stability of the Chinese capital market [11].