Recently, the major shareholder of Huaxia Fund Citic Securities Company Limited(600030) released a performance express, which disclosed the performance of Huaxia Fund in 2021, which is also the first operating "report card" of the fund industry in 2021.
In the structural market last year, the revenue of Huaxia Fund exceeded 8 billion and the net profit was 2.3 billion, both of which reached a record high of Huaxia Fund, with a year-on-year increase of 45% in both indicators, setting a good operating performance. Since the scale of several public offering giants has also increased significantly in 2021, it is expected that there will be more "pre happy" results in the operation data of subsequent large fund companies.
revenue exceeded 8 billion and the company made 2.3 billion
the revenue and net profit of Huaxia Fund reached a new high
According to the announcement of Citic Securities Company Limited(600030) , by the end of 2021, the total assets of Huaxia Fund were 16.295 billion yuan and the total liabilities were 5.007 billion yuan; In 2021, the company achieved an operating revenue of 8.015 billion yuan and a net profit of 2.312 billion yuan, with a year-on-year increase of 45% in both revenue and net profit. The total comprehensive income was 2.287 billion yuan. As of December 31, 2021, the assets under management of the parent company of Huaxia Fund was 1.66 trillion yuan.
As we all know, the operating income and net profit of the fund company mainly come from the management scale of the fund company. In recent years, with the bull market of A-Shares and the vigorous development of equity funds in the fund industry, the total scale of public offering management has increased from 13 trillion yuan at the end of 2018 to the latest 25 trillion yuan. Over the same period, the total scale of public offering management of Huaxia Fund also increased from 450 billion to 1 trillion.
In terms of business lines, Huaxia Fund has the largest increase in the scale of index funds in recent three years, close to 200 billion yuan, of which the scale of non commodity ETF has increased by 152.9 billion yuan; Secondly, the scale of hybrid funds also increased by 130 billion yuan. In the same period, the scale of debt based and QDII funds increased by 124.4 billion yuan and 38.6 billion yuan respectively. All business lines showed a development trend of "full flowering".
The rapid growth of various businesses has also brought good operating results to Huaxia Fund. According to the data, from 2018 to 2021, the revenue of Huaxia Fund increased from 3.7 billion yuan to 8 billion yuan, and the net profit increased from 1.1 billion yuan to 2.3 billion yuan in the same period, both of which doubled.
Insiders said that stock ETF is the fastest-growing business of Huaxia Fund in recent years. In the era of great development of equity funds, the index funds and actively managed funds of Huaxia Fund have increased significantly. Shanghai Stock Exchange 50ETF, the largest in the industry, has been born, and the "online Red" products Huaxia hang Seng Internet ETF, mscia50etf and other funds have emerged, The company's "Mesozoic" fund manager has also been recognized and sought after by investors, and there has been significant growth and progress in all business lines of the company.
Li Yimei, general manager of Huaxia Fund, also said in the recent Spring Festival speech that the development of any industry, enterprise and even personal growth are inseparable from the "empowerment" of the times. In 2021, China's capital market reform went deeper, the Beijing stock exchange was born, the reform of the registration system was steadily promoted, high-quality development opened a new situation, and public funds also ran out of the development "acceleration" - the management scale reached a new high, exceeded the 25 trillion yuan mark for the first time, the equity ETF ushered in a trillion era, and the scale of pension fof exceeded 100 billion yuan, ESG investment moves from hot words to action.
Li Yimei said that as a "capable person", "innovator" and "enterpriser", Huaxia Fund has the same original intention and has a long journey. We will practice our internal skills, strengthen external skills, continue to give full play to our professional advantages, constantly meet the growing diversified wealth management needs of the people, and continue to create long-term and stable returns for investors, Contribute to the better life of thousands of families.
Public information shows that in the equity structure of Huaxia Fund, Citic Securities Company Limited(600030) currently holds 148 million shares of Huaxia Fund, with a shareholding ratio of 62.2%, and is the largest shareholder of Huaxia Fund; The two major foreign shareholders, Power Corporation of Canada and Mackenzie Financial Corporation, hold 13.9% equity of Huaxia Fund respectively; In addition, Qingdao Haipeng Technology Investment Co., Ltd. holds 10%.
business achievements of several public offering giants are "pre happy"
the fund industry will continue to develop rapidly in the future
Although Huaxia Fund first disclosed its performance in 2021, according to the data in the mid-term report of 2021, Huaxia Fund is not the most profitable company.
As of the mid-term report data of 2021, e fund has the largest revenue, with a half year revenue of 6.773 billion yuan and a net profit of 1.841 billion yuan. Huitianfu, Guangfa, Fuguo and Xingzheng global funds ranked 2-5 respectively, and their net profit in the first half of the year also exceeded 1 billion; From the perspective of management scale, by the end of 2021, e fund, Tianhong, gf and Nanfang also ranked among the top in the industry. These fund companies are expected to obtain very bright business "transcripts" in future performance disclosure.
A number of industry insiders said that under the background of the implementation of the new asset management regulations, public funds, as the benchmark of the asset management industry, are expected to continue to benefit and continue to achieve rapid growth. However, compared with overseas asset management giants, China's fund industry still needs to continue its efforts.
Li Yimei said that looking forward to 2022, the formal implementation of the new asset management regulations will release greater energy for the reconstruction and reconstruction of the asset management market. Public funds have the advantages of net worth management. With the further release of institutional dividends, they are expected to become the fastest-growing sub industry in all sub sectors of large asset management. In 2022, the magnificent era of equity investment continues. As a representative of Inclusive Finance, public funds are still an important channel for ordinary Lbx Pharmacy Chain Joint Stock Company(603883) to share the country's economic growth. The public fund system is transparent, stable and has strong ability to obtain alpha. It has obvious advantages in long-term asset allocation. It has the ability to act as the main force of pension investment management and become a market benchmark to solve pension problems.
"We believe that with the further improvement of the capital market governance environment and the further improvement of the management level and service capacity of fund companies, China's public fund industry will usher in an explosive growth period in the next few years." Li Yimei said.
A vice president of public offering in Beijing also said that benefiting from the rise of China's economy and the dividends of the development of the times, the public offering fund industry has achieved rapid development in recent years. Only by continuing to adhere to the original intention of industry development, living up to the trust of hundreds of millions of investors and continuing to create better long-term investment returns can the fund industry continue to achieve healthy and stable development.
However, the vice president of public offering believes that compared with asset management giants in mature capital markets such as the United States, China's public offering fund industry still lacks asset management institutions with international influence, which can affect overseas capital markets and match the management scale of overseas giants. In the two-way opening of capital markets and the pattern of competition on the same platform, China's public offering funds still have a lot of room for efforts.
