Hua'an Fund's 2025 revenue is 3.493 billion yuan, with a net profit of 961 million yuan, both increasing year-on-year.

On the evening of March 27, Guotai Haitong disclosed its 2025 annual report. At the same time, the operating data of its subsidiary Huian Fund was also released.

As it is understood, Guotai Haitong holds 51% of the equity of Huian Fund. By the end of 2025, Huian Fund’s total assets were RMB 8.750 billion, net assets were RMB 6.292 billion, operating revenue was RMB 3.493 billion, and net profit was RMB 0.961 billion.

In 2025, Huian Fund continued to advance the construction of a platform-based investment research system, forging industry-leading long- and medium-term active management capabilities, and committed to helping investors obtain long-term, steady returns. It adhered to development led by innovation, optimized product layout around the “five major articles” of finance, deeply cultivated hard-tech theme funds such as semiconductors and artificial intelligence, and focused on building a distinctive product matrix, achieving a dual leap in both effectiveness and competitiveness.

The results of its diversified development strategy were remarkable. The competitiveness of segmented businesses such as index ETFs, cross-border investing, and FOF continued to strengthen. Among them, the scale ranking of its gold ETF remained firmly No. 1 in the industry.

It strengthened its international business layout, with the scale of cross-border products growing rapidly. It also deepened two-way opening up and financial market services through innovative businesses such as Bond Connect’s “Southbound Trading.”

Using AI development as an engine, it accelerated the digital and intelligent transformation, promoted comprehensive upgrades of its business model, investment research system, and customer service, and sped up the development of digital and intelligent capabilities.

By the end of 2025, Huian Fund managed assets of RMB 814.124 billion, and non-money-market fund assets of RMB 530.08 billion.

The announcement also stated that in November 2025, Huian Fund had shortcomings in areas such as internal control management, investment management, and sales management. The Shanghai Securities Regulatory Bureau took administrative regulatory measures requiring rectification and suspending the acceptance of registration applications for fixed-income public fund products.

In response to the above issues, Huian Fund promptly carried out rectification, including holding relevant responsible personnel accountable; improving the internal control制度 and strengthening the implementation of the制度; and further strengthening the management of practitioners and compliance assessments.

(Announcement)

(Editor: Xu Nannan)

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