华夏创业板两年定期开放混合型 证券投资基金 基金管理人：华夏基金管理有限公司 基金托管人：中国工商银行股份有限公司 报告送出日期：二〇二五年八月三十日 华夏创业板两年定期开放混合型证券投资基金 2025 年中期报告 基金管理人的董事会、董事保证本报告所载资料不存在虚假记载、误导性陈述或重大遗漏，并 对其内容的真实性、准确性和完整性承担个别及连带的法律责任。本中期报告已经三分之二以上独 立董事签字同意，并由董事长签发。 基金托管人中国工商银行股份有限公司根据本基金合同规定，于 2025 年 8 月 28 日复核了本报 告中的财务指标、净值表现、利润分配情况、财务会计报告、投资组合报告等内容，保证复核内容 不存在虚假记载、误导性陈述或者重大遗漏。 基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一定盈利。 基金的过往业绩并不代表其未来表现。投资有风险，投资者在作出投资决策前应仔细阅读本基 金的招募说明书及其更新。 本报告中财务资料未经审计。 本报告期自 2025 年 1 月 1 日起至 6 月 30 日止。 华夏创业板两年定期开放混合型证券投资基金 2025 年中期报 告 华夏创业板两年定 ...

Fund Overview - The fund is named "Huaxia Feed Soybean Meal Futures ETF" and was established on September 24, 2019, with a total fund share of 1,415,524,066.00 shares as of the report date [1][2] - The fund aims to closely track the underlying index, minimizing tracking deviation and error, primarily investing in soybean meal futures contracts [1][2] - The fund's performance benchmark is the Dalian Commodity Exchange Soybean Meal Futures Price Index [1][2] Financial Performance - The fund achieved a realized income of 107,042,622.83 RMB and a profit of 221,869,766.60 RMB during the reporting period from January 1, 2025, to June 30, 2025 [2][14] - The weighted average net value profit rate was 7.24%, and the fund share net value growth rate was 5.01% [2][14] - As of June 30, 2025, the fund's net asset value was 2,717,299,342.80 RMB, with a share net value of 1.9196 RMB [2][14] Market Analysis - The domestic economy showed a stable recovery with a GDP growth rate of 5.3% in the first half of 2025, despite external tariff impacts [9] - The soybean meal market experienced fluctuations, initially driven by drought conditions in South America and subsequent adjustments in U.S. soybean yield forecasts [9][10] - The fund's investment strategy includes actively managing investor subscriptions and redemptions while tracking the underlying index [10] Management and Operations - Huaxia Fund Management Company, established in April 1998, is one of the first national fund management companies approved by the China Securities Regulatory Commission [3][4] - The company has a comprehensive product line covering various indices and has received multiple awards for its performance and contributions to the fund industry [4][5] - The fund management adheres to strict compliance with relevant laws and regulations, ensuring fair treatment of all funds under management [8][12] Future Outlook - The fund anticipates limited downside potential for soybean meal prices, with factors such as U.S. soybean planting area and weather conditions being critical to monitor [10] - The management emphasizes maintaining low tracking deviation and error to achieve investment goals for fund shareholders [11]

Core Viewpoint - The report provides an overview of the performance and management of the Guangfa Active Advantage Mixed Fund of Funds (FOF-LOF) for the first half of 2025, highlighting its investment strategies, financial performance, and market conditions impacting the fund's operations [1]. Fund Overview - Fund Name: Guangfa Active Advantage Mixed Fund of Funds (FOF-LOF) - Fund Manager: Guangfa Fund Management Co., Ltd. - Fund Custodian: Shanghai Pudong Development Bank Co., Ltd. - Total Fund Shares at Period End: 105,518,922.20 shares [1][2]. Financial Performance - The fund's A class shares achieved a net value growth rate of 5.69%, while the C class shares had a growth rate of 5.48% during the reporting period [7]. - The fund's total net asset value at the end of the reporting period was 101,876,446.88 RMB, with a net asset value per share of 0.9664 RMB for A class and 0.9547 RMB for C class [10]. - The fund reported a total profit of 5,126,814.51 RMB for A class and 410,509.34 RMB for C class during the reporting period [2]. Investment Strategy - The fund employs a combination of quantitative and qualitative methods to select high-quality funds across different asset classes, aiming for long-term stable appreciation of fund assets [1]. - Investment strategies include major asset allocation, fund investment, stock investment, bond investment, and asset-backed securities investment [1]. - The fund's performance benchmark is based on a composite of the CSI 800 Index return (70%), the Hang Seng Index return (5%), and the China Bond Composite Index return (25%) [1]. Market Conditions - The report notes a strong performance in the Hong Kong stock market driven by technological advancements and a recovery in valuations within the technology growth sector [7]. - The report highlights a complex global economic environment with ongoing uncertainties, particularly regarding trade tensions and geopolitical risks, but maintains that the domestic equity market shows resilience [8]. - The bond market is characterized by stable liquidity and a weak recovery in the economic fundamentals, suggesting limited room for significant interest rate declines [8]. Compliance and Governance - The fund management adheres to relevant laws and regulations, ensuring that all operations are compliant and do not harm the interests of fund shareholders [4][10]. - The fund management has established a scientific and balanced investment decision-making system, enhancing internal controls and monitoring to ensure fair trading practices [5][6].

Core Viewpoint - The report provides an overview of the performance and management of the Small and Medium Enterprises 100 Exchange-Traded Fund (ETF) for the first half of 2025, highlighting its investment strategy, financial performance, and market conditions affecting the fund [1][2]. Fund Overview - Fund Name: Small and Medium Enterprises 100 ETF - Fund Manager: China Asset Management Co., Ltd. - Fund Custodian: China Construction Bank Co., Ltd. - Total Fund Shares at Period End: 175,954,340.57 shares [3]. - Fund's Investment Objective: To closely track the underlying index and minimize tracking deviation and error [3]. Financial Performance - Realized Income for the Period: CNY 21,867,972.50 - Profit for the Period: CNY 21,802,471.19 - Weighted Average Fund Share Profit for the Period: 0.1182 - Net Asset Value at Period End: CNY 604,534,430.92 - Fund Share Net Value at Period End: 3.4357 [4][20]. - Fund Share Net Value Growth Rate for the Period: 3.21% [15]. Market Conditions - The report indicates that the global economic environment remains complex, with trade disputes and geopolitical tensions contributing to uncertainty. However, domestic macroeconomic policies are supportive of growth, with GDP increasing by 5.3% year-on-year [14][15]. - The A-share market experienced volatility, with small-cap stocks outperforming large-cap stocks during the reporting period [14][15]. Investment Strategy - The fund primarily employs a full replication strategy, constructing its stock portfolio according to the composition and weight of the underlying index. Adjustments are made based on changes in the index's constituent stocks [13][14]. - The fund's performance is benchmarked against the Small and Medium Enterprises 100 Index, which reflects the core index of the original SME board market [13][14]. Management Report - The fund manager, China Asset Management Co., Ltd., emphasizes its commitment to managing the fund with integrity and diligence, aiming to maximize returns for fund shareholders [16]. - The report highlights the importance of maintaining liquidity and stability in fund operations, with designated liquidity service providers to enhance market liquidity [15][19].

华夏创业板动量成长交易型开放式指数 证券投资基金 基金管理人：华夏基金管理有限公司 基金托管人：中国农业银行股份有限公司 报告送出日期：二〇二五年八月三十日 资基金 2025 年中期报告 华夏创业板动量成长交易型开放式指数证券投资基金 2025 年中期报告 §2 基金简介 基金名称 华夏创业板动量成长交易型开放式指数证券投资基金 基金简称 华夏创成长 ETF 场内简称 创业板成长 ETF 基金主代码 159967 交易代码 159967 基金运作方式 交易型开放式 基金合同生效日 2019 年 6 月 21 日 基金管理人 华夏基金管理有限公司 基金托管人 中国农业银行股份有限公司 报告期末基金份额总额 9,336,505,811.00 份 基金合同存续期 不定期 基金份额上市的证券交 深圳证券交易所 易所 上市日期 2019 年 7 月 15 日 投资目标 紧密跟踪标的指数，追求跟踪偏离度和跟踪误差最小化。 主要投资策略包括组合复制策略、替代性策略、存托凭证投资策略、衍生品 投资策略 投资策略、债券投资策略等。 业绩比较基准 创业板动量成长指数收益率。 本基金为股票基金，其预期风险和预期收益高于混合基金、债 ...

Fund Overview - The fund is named "Huaxia National Semiconductor Chip Exchange-Traded Fund" and was established on January 20, 2020 [1] - The fund aims to closely track the performance of the National Semiconductor Chip Index, with a target tracking deviation of no more than 0.2% on a daily basis and an annual tracking error of no more than 2% [1][2] - The fund primarily invests in stocks that are components of the index, categorized as a high-risk, high-return equity fund [1][2] Financial Performance - The fund achieved a realized income of approximately 1.83 billion RMB and a profit of approximately 268 million RMB during the reporting period [2] - The weighted average profit per fund share was 0.0134 RMB, with a net asset value of approximately 25.42 billion RMB at the end of the reporting period [2] - The fund's net asset value per share was 1.2284 RMB, with a cumulative net value growth rate of 22.84% since inception [2][10] Market Environment - The A-share market experienced significant volatility due to various factors, including trade tensions and macroeconomic policies, but showed resilience overall [9][11] - The market style favored small-cap growth stocks, driven by policy support and improved market sentiment [9][11] Management and Strategy - The fund management company, Huaxia Fund Management Co., Ltd., has extensive experience in managing ETF products and aims to capture market opportunities through in-depth investment research [3][4] - The fund's investment strategy includes a combination of replication strategies, alternative strategies, and derivative investment strategies [1][2] Regulatory Compliance - The fund management adheres to relevant regulations and guidelines, ensuring fair treatment of all fund participants and maintaining a transparent operational framework [8][12] - The fund has not encountered any significant compliance issues during the reporting period [8][12]

华夏创业板低波价值交易型开放式指数 证券投资基金 基金管理人：华夏基金管理有限公司 基金托管人：中国农业银行股份有限公司 报告送出日期：二〇二五年八月三十日 华夏创业板低波价值交易型开放式指数证券投资基金 2025 年中期报告 基金管理人的董事会、董事保证本报告所载资料不存在虚假记载、误导性陈述或重大遗漏，并 对其内容的真实性、准确性和完整性承担个别及连带的法律责任。本中期报告已经三分之二以上独 立董事签字同意，并由董事长签发。 基金托管人中国农业银行股份有限公司根据本基金合同规定，于 2025 年 8 月 28 日复核了本报 告中的财务指标、净值表现、利润分配情况、财务会计报告、投资组合报告等内容，保证复核内容 不存在虚假记载、误导性陈述或者重大遗漏。 基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一定盈利。 基金的过往业绩并不代表其未来表现。投资有风险，投资者在作出投资决策前应仔细阅读本基 金的招募说明书及其更新。 本报告中财务资料未经审计。 本报告期自 2025 年 1 月 1 日起至 6 月 30 日止。 华夏创业板低波价值交易型开放式指数证券投资 基金 2025 年中期报告 ...

ESG Policies - The Central Committee and State Council of China issued an opinion to strengthen the national carbon market, aiming for comprehensive coverage of major industrial emission sectors by 2027 and full coverage of voluntary greenhouse gas reduction trading markets in key areas [1] ESG Investment - A new ESG green unicorn industry fund with a scale of 500 million RMB was launched, focusing on high-growth sectors such as intelligent manufacturing, AI, and new energy, utilizing diverse investment methods to support global development [2] - The Rongtong CSI Chengtong Central Enterprise ESG ETF Connect Fund was launched with a record issuance scale of 960 million RMB, indicating a significant increase in domestic investor recognition of sustainable investments [3] ESG Development - The National Energy Administration reported that renewable energy investments have become the dominant force in power investments, with over 80% of investment in key renewable energy projects expected in 2024, highlighting the acceleration of green energy transition in China's energy structure [4] - KPMG China noted that more companies are viewing ESG as a new engine for business growth, integrating it into core strategies rather than treating it as a compliance task, reflecting a significant evolution in corporate governance philosophy [5][6] ESG Actions - The chairman of China National Petroleum Corporation emphasized the need to advance the construction of large-scale renewable energy bases, focusing on diverse technologies such as geothermal, wind, and solar energy, showcasing the company's commitment to green transformation [7]

Group 1 - The core viewpoint of the article highlights that China Merchants Fund achieved significant financial results in the first half of the year, with operating income of 2.561 billion yuan and net profit of 789 million yuan [1] - As of the end of the reporting period, the total assets under management for China Merchants Fund reached 1.5383 trillion yuan, including the management scale of subsidiaries [1] - The public fund management scale, excluding connection funds, was reported at 896.7 billion yuan, while the non-monetary public fund management scale stood at 522.9 billion yuan [1]

Group 1 - The core viewpoint of the news is that Altec Automotive Technology Co., Ltd. experienced a decline in stock price, dropping by 5.01% to 11.95 CNY per share, with a trading volume of 425 million CNY and a turnover rate of 7.27%, resulting in a total market capitalization of 5.952 billion CNY [1] - Altec's main business involves the design of fuel and new energy vehicles, along with related technical services, with a revenue composition of 94.34% from professional technical services and 5.66% from manufacturing [1] Group 2 - Among Altec's top ten circulating shareholders, a fund under China Europe Fund, specifically the China Europe Sci-Tech Theme Mixed Fund (LOF) A, entered the top ten shareholders in the second quarter, holding 3.6898 million shares, which accounts for 0.76% of the circulating shares, with an estimated floating loss of approximately 2.3246 million CNY today [2] - The China Europe Sci-Tech Theme Mixed Fund (LOF) A was established on June 28, 2019, with a latest scale of 2.238 billion CNY, achieving a year-to-date return of 63.64% and ranking 287 out of 8189 in its category, while its one-year return is 141.35%, ranking 75 out of 7969 [2]