7 fund companies have a net profit of over 1 billion.

Driven by the bullish market trend, many fund companies delivered impressive financial performance in 2025. Recently, several listed banks and securities firms disclosed their annual reports for 2025, including the operating data of their holding and partially-owned fund companies. The data shows that 17 fund companies with year-on-year data achieved a total operating income of 47.887 billion RMB in 2025, a year-on-year increase of 15.42%. Additionally, 16 fund companies with year-on-year data recorded a total net profit of 17.761 billion RMB, a nearly 10% increase compared to the previous year. Among the large fund companies, ICBC Credit Suisse Fund Management Co., Ltd. broke the 3 billion RMB net profit mark for the first time, setting a new record since its establishment. Among the 7 fund companies with net profits exceeding 1 billion RMB, 5 achieved year-on-year growth. However, some small and medium-sized fund companies were unable to turn losses into profits. Industry insiders believe that the overall improvement in the operating data of fund companies in 2025 is mainly due to the market rebound, leading to an increase in fund performance and management fee income. Additionally, many fund companies used their own funds to purchase a significant amount of equity funds during the market downturn, some of which generated doubled returns. Many fund companies also saw good returns from initiating funds with 10 million RMB of their own funds as "seed shares", driving the overall growth of fund company operations.