Xingquan Fund achieved operating revenue of 3.968 billion yuan and net profit of 1.59 billion yuan in 2025.

On the evening of March 27, Industrial Securities disclosed its 2025 annual report, and at the same time, the operating data of its subsidiary, Xingsheng Global Fund Management Co., Ltd., was also disclosed.

It is reported that Industrial Securities holds 51% of Xingsheng Global Fund. As of December 31, 2025, Xingsheng Fund had total assets of 11.465 billion yuan, net assets of 7.734 billion yuan, achieved operating income of 3.968 billion yuan, and net profit of 1.590 billion yuan during the reporting period.

The announcement pointed out that Xingsheng Fund has always adhered to the principle of “maximizing the interests of fund holders” and created long-term value returns for clients through strong active management capabilities. The product performance consistently ranks among the top in the industry. By the end of 2025, according to data from Guotai Junan Securities, the weighted average return over the past three years of actively managed equity funds and actively managed fixed-income funds under Xingsheng Fund ranked first and second, respectively, among large-cap equity companies and mid-cap fixed-income companies.

At the same time, Xingsheng Fund achieved new breakthroughs in business innovation, successfully issuing the industry’s first CSI 300 Quality ETF. The construction of the on-site business ecosystem made substantial progress, completing the industry’s first cross-market Hong Kong-Shenzhen 300 Index enhanced fund and the issuance of the first batch of new floating rate funds, with its fund advisory strategy winning the 2025 Fund Advisory Innovation Case Golden Bull Award.

In addition, Xingsheng Fund is actively making significant contributions to pension finance, with the scale of pension fund Y shares ranking among the top three in the industry. Its cross-border investment research capabilities continue to deepen, with its Singapore subsidiary officially approved during the reporting period and an expansion of the QDII business quota.

As of the end of 2025, the scale of Xingsheng Fund’s public funds reached 749.057 billion yuan, an increase of 15% from the end of the previous year.

Looking to the future, Xingsheng Fund will strengthen its competitiveness around the main line of high-quality development, cultivating new momentum and improving systematic capability construction from a long-term perspective. By deepening the “digital-driven, intelligent-enabled” technology service system, enhancing talent mechanisms and compliance risk control construction, fostering a “responsibility” culture, and deeply cultivating the pension finance ecosystem, it will promote “internal and external collaboration” through its overseas subsidiaries to enhance its internationalization level. In the context of deep industry transformation, Xingsheng Fund will better play the role of public funds in supporting the real economy, fulfilling the social responsibility of public funds, and coordinating scale and quality with professional capabilities. It will firmly pursue a path of high-quality sustainable development, contributing professional strength to the preservation and appreciation of wealth for a wider population and the healthy development of the capital market.

(Announcement)

(Editor: Xu Nannan)

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