Core Viewpoint - Haida Group's stock has seen a significant increase, with a 9.58% rise over the past six days, indicating strong market interest and potential investor confidence in the company [1][2]. Company Overview - Haida Group, established on January 8, 2004, and listed on November 27, 2009, is located in Panyu District, Guangzhou, Guangdong Province. The company specializes in the research, production, and sales of aquatic premixes, aquatic compound feeds, and livestock and poultry compound feeds [1]. - The revenue composition of Haida Group is as follows: feed sales account for 80.13%, agricultural product sales for 16.55%, trading business for 2.37%, animal health products for 0.79%, and others for 0.17% [1]. Fund Holdings - Haida Group is a significant holding in the Huabao Fund, specifically in the Huabao CSI Agricultural, Animal Husbandry, and Fishery Index Initiation A Fund (013471), which increased its holdings by 13,500 shares in the second quarter, bringing the total to 142,100 shares, representing 9.7% of the fund's net value [2]. - The fund has generated a floating profit of approximately 210,300 yuan today and 817,100 yuan during the six-day stock price increase [2]. - The Huabao Fund was established on December 6, 2021, with a current scale of 29.4938 million yuan, achieving a year-to-date return of 15.3% and a one-year return of 29.63% [2].

Core Viewpoint - The report provides an overview of the performance and management of the Hua Bao Zhong Zheng All-Index Agricultural, Animal Husbandry, and Fishery Index Fund for the second quarter of 2025, highlighting its investment strategy, financial indicators, and market conditions affecting the fund's performance [1][2][3]. Fund Overview - Fund Name: Hua Bao Zhong Zheng All-Index Agricultural, Animal Husbandry, and Fishery Index Fund - Fund Manager: Hua Bao Fund Management Co., Ltd. - Fund Custodian: Shanghai Pudong Development Bank Co., Ltd. - Total Fund Shares at Period End: 114,137,173.13 shares [1][2]. - Investment Objective: To closely track the performance of the benchmark index with minimal tracking deviation and error [2][3]. Financial Indicators and Fund Performance - The fund's net value growth rate for Class A shares was 6.00% over the past three months, while Class C shares had a growth rate of 5.92% [6][14]. - The performance benchmark for the fund is defined as the return of the Zhong Zheng All-Index Agricultural, Animal Husbandry, and Fishery Index multiplied by 95% plus the after-tax return of RMB bank demand deposits multiplied by 5% [6][14]. - The fund's performance over various periods includes: - Last three months: 6.00% (A), 5.92% (C) - Last six months: 4.30% (A), 4.14% (C) - Last year: 5.58% (A), 5.27% (C) - Since fund inception: -24.26% (A), -25.06% (C) [6][14]. Investment Strategy - The fund employs a passive index investment strategy, primarily using a full replication method to track the benchmark index's performance [3][14]. - The fund aims to keep the absolute value of daily tracking deviation within 0.35% and annual tracking error within 4% [3][14]. Market Conditions - The report notes a moderate recovery in the domestic macroeconomic environment, with supportive fiscal and monetary policies being implemented [13]. - The A-share market exhibited structural trends, with significant performance differences across sectors during the second quarter of 2025 [13]. - The Zhong Zheng Agricultural, Animal Husbandry, and Fishery Index increased by 5.61% during the reporting period [13].