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. At the same time, the operating data of its subsidiary, E Fund Management Co., Ltd., was also disclosed.

It is understood that Industrial Securities holds 51% of the equity in E Fund Management. As of December 31, 2025, E Fund Management’s total assets were RMB 11.465 billion, net assets were RMB 7.734 billion, operating revenue during the reporting period was RMB 3.968 billion, and net profit was RMB 1.590 billion.

The announcement states that E Fund Management has always adhered to the principle of “maximizing the interests of fund holders.” Through strong active management capabilities, it creates long-term value and returns for clients. Product performance remains at the forefront of the industry. As of the end of 2025, according to data from Cinda Haitong Securities, among E Fund Management’s active equity funds and active fixed-income funds, the past three-year weighted average returns ranked first and second, respectively, among large-company equity categories and mid-sized fixed-income company categories.

At the same time, E Fund Management’s business innovation has achieved a new breakthrough. It successfully issued the industry’s first CSI 300 Quality ETF. In addition, substantial progress has been made in building an in-market business ecosystem. It completed the issuance of the industry’s first cross-market CSI 300 Index Enhanced Fund covering both the Mainland and Hong Kong, as well as the first batch of new-style floating fee rate funds. Its fund advisory strategy won the 2025 Fund Advisory Innovation Case Taurus Award.

Moreover, E Fund Management has actively addressed major pension finance initiatives. The custody size of pension fund Y share classes ranks among the top three in the industry; its cross-border investment research and development capabilities have continued to deepen. During the reporting period, its Singapore subsidiary was officially approved, and its QDII business quota was expanded.

As of the end of 2025, E Fund Management’s publicly offered fund assets reached RMB 749.057 billion, up 15% from the end of the previous year.

Looking ahead, E Fund Management will strengthen its competitiveness around the main line of high-quality development, cultivating new momentum from a long-cycle perspective and improving system-based capability building. By deepening a technology service system featuring “digital-driven, intelligent enablement,” it will enhance the talent mechanism and compliance risk control, foster a culture of “responsibility,” further develop a pension finance ecosystem, and—leveraging overseas subsidiaries—promote “internal-external coordination” to improve its internationalization level. Amid deep industry-wide change, E Fund Management will better play the role of publicly offered funds in supporting the real economy, fulfill the social responsibility of publicly offered funds, coordinate scale and quality with professional capabilities, firmly follow a path of high-quality and sustainable development, and contribute professional strength to the preservation and appreciation of wealth for a broader group of residents and to the healthy development of the capital market.

（Announcement）

(Editor: Xu Nannan)

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