China Merchants Fund's 2025 operating revenue is 5.47 billion yuan, with a net profit of 1.438 billion yuan.

On the evening of March 27,招商证券 disclosed its 2025 annual report, and at the same time, the operational data of招商基金, in which it holds shares, was also disclosed.

As of the end of 2025,招商基金 had total assets of 15.402 billion yuan, net assets of 11.155 billion yuan, operating income of 5.47 billion yuan, and net profit of 1.438 billion yuan.

In 2025,招商基金 deeply implemented the requirements for high-quality development of public funds, focusing on the strategic vision of “leading with the best customer experience to build a world-class asset management company,” achieving positive progress in various work areas.

In terms of product layout, it continued to improve the diversified product system of active and passive products, successfully launching the industry’s first performance-based floating fee products, the industry’s first Sci-Tech Innovation Bond ETF, and the industry’s first Sci-Tech Innovation Composite Index ETF and other innovative products.

In terms of investment research capability building, it continuously enhanced active management capabilities, strengthened the core logic of diversified asset allocation, and promoted the construction of a professional investment research system.

In risk management, it continued to promote comprehensive risk management, with no major risk events occurring during the reporting period.

In customer operations, it included customer profitability as an assessment indicator in the marketing system, steadily advanced the development of advisory business, fully seized the development opportunities in pension business, and deeply cultivated customer companionship and investor education.

As of the end of December 2025,招商基金’s assets under management (including subsidiaries) were 1.5944 trillion yuan, an increase of 1.63% compared to the end of 2024; among them, the management scale of public funds (excluding linked funds) was 961.5 billion yuan, and the management scale of non-monetary public funds was 589.1 billion yuan, ranking among the top in the industry.

(Announcement)

(Edited by: Xu Nannan)

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