Core Insights - Yongying Fund achieved a profit of 38.315 billion yuan for its holders over the past year, demonstrating strong sustainable profitability and product resilience [1] - The company emphasizes a core value of "investor interests first" and a "long-termism" corporate culture, which underpins its operational strategies [1] Product Performance - In the active equity segment, Yongying Fund reported a profit of 23.1 billion yuan over the past year, with Yongying Ruixin contributing 3.79 billion yuan [2] - The equity index product line also performed well, generating a profit of 4.14 billion yuan, with the gold stock ETF contributing 2.75 billion yuan [2] - In the fixed income series, the fund achieved a profit of 5.87 billion yuan, with the Yongying Zhongzhai 3-5 Year Policy Financial Bond Index Fund contributing 410 million yuan [2] - The fixed income enhancement series generated a profit of 2.63 billion yuan, with the stock enhancement strategy Yongying Stable Enhancement yielding 1.58 billion yuan and the stock-bond hedging strategy Yongying Xinxin yielding 240 million yuan [2] Future Outlook - Yongying Fund plans to continue deepening its "long-termism" cultural construction, optimizing its investment research system, innovating products, and upgrading service models to build a healthier and more sustainable development ecosystem [2]

Group 1 - The core point of the news is the launch of "Yongying Huida 6-Month Holding" fund, which will be available for subscription from June 23 to July 11, 2025, targeting both institutional and individual investors [2] - The fund is a mixed bond fund with a significant allocation to bonds, and its performance benchmark is composed of 90% of the yield of the China Bond Comprehensive Price Index, 8% of the yield of the CSI 300 Index, and 2% of the yield of the Hang Seng Index [2] - The fund is managed by two fund managers, Lu Liyang and Qian Buke, with Lu focusing on mixed bond funds and Qian specializing in bond fund management [2] Group 2 - Lu Liyang has 7 years of experience in the securities industry and has managed a total of 6.307 billion yuan across 3 products at Yongying Fund, with a notable performance of 26.33% for "Yongying Xinxin A" [2][4] - Qian Buke has 13 years of experience and manages 35.794 billion yuan across 6 products, with a performance of 14.20% for "Yongying Qianyi" [3][4] - The performance of Lu Liyang's managed products has shown significant growth, with a 49.94% quarter-on-quarter increase from 39.48 billion yuan to 59.20 billion yuan as of March 31, 2025, and a year-on-year increase of 1380% from 4 billion yuan [4][5] Group 3 - "Yongying Xinxin" fund's asset allocation has shifted significantly under Lu Liyang's management, with bond holdings increasing to around 90%, while stock holdings have decreased to 5-10% [5][9] - The fund's annual returns have consistently outperformed its benchmark since Lu took over, with returns of 1.64% in 2025, 13.01% in 2024, and 10.36% in 2023 [8][9] - The fund's investment strategy includes a focus on high-dividend growth stocks and a flexible approach to bond duration management, resulting in a high turnover rate of 2652% for stocks [9][12]