The strong hengqiang annual report refracts the public offering industry profit pattern is stable


As of March 30, more than 30 public fund companies have disclosed their revenue data for 2021, and the vast majority of public funds have further enhanced their ability to attract money.The net profit of China Merchants Fund increased 77% year on year, and small institutions such as Zhejiang Merchants Fund and China Shipping Fund turned from loss to profit in 2021.”Strong always strong” in the industry is increasingly obvious, the survival of small and medium-sized fund companies present a differentiated pattern.As of March 30, according to incomplete statistics, of the 33 publicly offered fund companies that have disclosed their 2021 performance, 27 have achieved positive year-on-year net profit growth.Among them, 21 saw year-on-year net profit growth of more than 20%, and 9 saw year-on-year net profit growth of more than 50%.As a large public fund company, China Merchants Fund’s net profit in 2021 increased by 77% year on year.Sealand Franklin Fund 2021 net profit growth of nearly 70 percent.According to the 2021 annual report of China Merchants Bank, the net profit of China Merchants Fund in 2021 exceeded 1 billion yuan for the first time, reaching 1.603 billion yuan.For public funds, fund management fees are the company’s main source of revenue, and the company’s revenue performance is often closely related to the scale of fund management.By the end of 2021, the scale of non-monetary public offering fund of China Merchants Fund reached 548.345 billion yuan, with a year-on-year growth of 55.40%.According to the 2021 annual report released by Haitong Securities on March 29, Wells Fargo Fund achieved revenue of 8.306 billion yuan and net profit of 2.564 billion yuan in 2021, up 55.24% year on year.By the end of 2021, the total assets under management of Wells Fargo funds exceeded 1.3 trillion yuan, a record high.Of this, public funds managed a total of 889.7 billion yuan.At the same time, Wells Fargo fund to innovate business, the company obtained the qualification of fund investment business.Among small and medium-sized fund companies, Sealand Franklin Fund and Chuangjin Trust Fund have become the representatives of accelerating growth with high net profit growth rate.On March 17, Sealand Securities released the 2021 annual report showed that in 2021 sealand Franklin Fund to achieve operating revenue of 815 million yuan, net profit of 267 million yuan, a year-on-year increase of 69.28%.On the evening of March 28, first Capital released its 2021 annual report, showing that The fund achieved revenue of 897 million yuan and net profit of 152 million yuan in 2021, up 60.11% year on year.Although the vast majority of public offerings will achieve “big strides” in 2021, the industry revenue pattern has not changed significantly, and the phenomenon of “constant strength” in the industry is obvious.As of March 30, the “top 10 positions” in public offering revenue performance were occupied by Efonda Fund, Huitanfu Fund, ICBC Credit Suisse Fund, GUANGfa Fund, Wells Fargo Fund, China Amc Fund, Xing Securities Global Fund, Southern Fund, BoCOM Schroders Fund and Bosh Fund.In 2021, the top 10 companies will have a higher revenue level than in 2020.In 2020, among the above 33 public offerings, only efunda Fund and Huitanfu Fund had net profits of more than 2 billion yuan each, while icbc Credit Suisse Fund and Guangdong Development Fund had net profits of more than 1 billion yuan each.Among the top 10 companies in 2021, only boCOM Schroder Fund and Boshi Fund had net profits of less than 2 billion yuan.Efunda Fund took the top spot with a net profit of 4.535 billion yuan, followed by Huitanfu Fund with 3.263 billion yuan.Icbc Credit Suisse Fund, China Development Fund, Wells Fargo Fund, China Amc Fund, China Securities Global Fund and China Southern Fund all posted net profits of more than 2 billion yuan.Head fund company, investment fund with higher net profit growth, ranking has moved forward.According to the 2020 annual report of China Merchants Bank, in 2021, in terms of multi-channel customer service, the scale of newly issued products of China Merchants Fund in the report period exceeded 100 billion yuan, and the brand of “Rui” series of “solid revenue +” of China Merchants Fund was created. Moreover, by strengthening the operation advantage of the Internet platform, the customer base of China Merchants Fund was cultivated at ten million level.At the same time, China Merchants Fund has improved the product layout of public offering funds, and innovative products such as SCIENCE and Technology Innovation 50, public offering MOM and enhanced ETF have been launched.In 2021, some small and medium-sized fund companies, which have been in loss for a long time, will have a good opportunity to make profits. For example, Zhejiang Fund achieved profit for the first time in nearly 4 years, and China Overseas Fund turned from loss to profit.The 2021 annual report released by Zheshang Securities shows that zheshang Fund achieved revenue of 230 million yuan and net profit of 214.086 million yuan in 2021, which is the first profit of Zheshang Fund since 2018.According to the 2021 annual report of Guolian Securities, China Shipping Fund achieved revenue of 183 million yuan and net profit of 5.4873 million yuan in 2021, achieving profitability.But there are still some small and medium-sized fund companies “poor state”, such as Nanhua Fund, Founder Fubang fund in 2021 not only did not achieve profit, loss further expanded.March 30, Founder Securities released the 2021 annual report shows that Founder Fubang fund in 2021 net profit – 1990.092 million yuan.The 2021 annual report of Nanhua Futures shows that in 2021, nanhua Fund achieved operating revenue of 25.8546 million yuan and net profit of -28.4685 million yuan.

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