Public offering of 2025 operating performance division: head institutions "elephant dancing" small and medium institutions struggling to move forward.

As the annual reports of listed companies in 2025 are intensively disclosed, the annual profit situation of some public funds controlled by companies has been exposed. The data shows that in 2025, many top fund companies broke through the management scale of 2 trillion yuan, with net profit exceeding 10 billion yuan. Overseas business achievements have been frequent breakthroughs, and the layout of diversified product lines has been accelerated, strengthening the allocation of large asset categories and investment research capabilities. The deep application of AI technology promotes digital transformation. However, some small and medium-sized fund companies are still struggling.