Hua Fu Tong Fund's 2025 revenue is 1.333 billion, net profit is 485 million, and the Bond ETF has maintained the industry’s number one position for five consecutive years.

On the evening of March 27, Guotai Junan disclosed its 2025 annual report, while simultaneously, the operational data of its subsidiary Haitong Fund was also disclosed.

It is reported that Guotai Junan holds 51% equity in Haitong Fund. As of the end of 2025, Haitong Fund’s total assets were 4.971 billion yuan, net assets were 3.157 billion yuan, operating income was 1.333 billion yuan, and net profit was 485 million yuan.

In 2025, Haitong Fund adhered to a distinctive and professional development path, focusing on special business areas such as pension funds, fixed income +, and bond ETFs, continuously deepening the construction of its investment research system, accelerating the full-chain empowerment of technology in investment research, operations, and customer service, consolidating active investment capabilities, and striving to enhance the customer holding experience. The long-term and short-term returns of active equity funds ranked among the industry’s top, with significant improvements in operating performance. Efforts were made to achieve substantial contributions to pension financing, aiding the construction of a multi-tiered, multi-pillar pension insurance system, and the scale of pension asset management reached a historic new level. The bond ETF business system continued to be advanced, with scale, product layout, and market functions continuously improving.

At the end of the reporting period, the total scale of bond ETFs managed by Haitong Fund reached 125.044 billion yuan, a 146.1% increase from the end of the previous year, maintaining the industry-leading position for five consecutive years.

The announcement also stated that in August 2025, Haitong Fund was subjected to administrative regulatory measures by the Shanghai Securities Regulatory Bureau, including the issuance of a warning letter, due to issues such as irregularities in private asset management business investment management, insufficient active management of individual private asset management plans, and inadequate execution of investment authority management systems for private asset management business.

In response to the above issues, Haitong Fund has promptly carried out rectifications, including conducting internal accountability, strengthening compliance training, emphasizing active management, and improving internal control measures for private asset management business.

(Announcement)

(Editor: Xu Nannan)

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