Focus on the AI wave: Analyzing the investment value of Hua'an Huihong C
Introduction: In this global technology race, Hua'an Huihong C (011145) has captured the core value of the AI industry chain in a volatile market with its precise industry positioning and flexible strategy adjustments.
Author: Anqi
As global tech giants push annual computing expenditures to the $100 billion level, a Chinese fund has already positioned itself in the most certain segment of this technological revolution.
Recently, the AI industry is undergoing a critical shift from frenzied investment to commercial implementation. The annual recurring revenue of leading overseas AI companies has rapidly surpassed the $10 billion mark, while the underlying computing power demand supporting this commercial miracle shows an exponential growth trend.
01 Industry Background: New Investment Logic Under the AI Commercialization Wave
The artificial intelligence industry is on the eve of a commercial explosion. According to industry data, leading global AI companies are rapidly expanding their commercial reach, with OpenAI's annual recurring revenue reportedly exceeding $10 billion.
Behind this is a clear trend of overseas tech giants continuously increasing AI capital expenditures. These giants are building a complete commercial loop from model development and application to computing power support, forming a virtuous industrial cycle.
This change is reshaping fund managers' investment logic. Increasing capital is shifting from purely domestic computing concepts to directly serving overseas AI giants and certain segments of the industry chain. Particularly in key areas such as optical modules and PCBs, Chinese companies are deeply involved in global AI infrastructure construction due to their technological and cost advantages.
02 Fund Overview: Basic Attributes of Hua'an Huihong C (011145)
Hua'an Huihong C (011145) is a mixed-equity fund established on March 26, 2021, managed by Hua'an Fund Management Co., Ltd., with China Construction Bank as the custodian.
The fund's scope includes stocks listed in China, Hong Kong Stock Connect-listed stocks, bonds, and other financial instruments permitted by law. Its investment objective is to achieve long-term stable growth of fund assets through proactive asset allocation and stock selection under strict risk control.
As of September 30, 2025, the fund's assets under management were approximately RMB 1.09 billion. As a medium-sized fund, it maintains flexible adjustment capabilities while having sufficient market influence.
03 Recent Performance: Risk-Adjusted Returns
Hua'an Huihong C (011145) has performed well over multiple periods. As of December 11, 2025, the fund's one-year return reached 82.26%, and its year-to-date return reached 80.58%, demonstrating strong excess return capabilities.
More noteworthy is the fund's risk-adjusted returns. Data shows that the fund's one-year Sharpe ratio reached 2.16, significantly higher than the peer average, indicating that it creates higher excess returns per unit of risk.
From a multi-period perspective, the fund has achieved a good balance between seizing market opportunities and controlling downside risks, closely related to its investment strategy and the fund manager's research capabilities.
04 Investment Strategy: Growth-Focused Allocation Framework
Hua'an Huihong C (011145) adopts a combination of "top-down" and "bottom-up" investment approaches. At the sector allocation level, the fund manager comprehensively considers multiple dimensions, including sector momentum, growth sustainability, competitive landscape, and valuation levels.
For stock selection, the fund team uses quantitative and qualitative analysis to screen high-quality companies with long-term growth potential. Quantitative metrics include growth, financial health, and valuation rationality; qualitative analysis focuses on companies' core competitive advantages, governance structure, and industry position.
This strategic framework enables the fund to capture industry trends while selecting the most growth-potential stocks within sectors, achieving market-beating performance over the long term.
05 Portfolio Analysis: Focus on AI and Advanced Manufacturing
Based on Hua'an Huihong C (011145)'s latest holdings, its portfolio is highly concentrated in two directions: the AI industry chain and advanced manufacturing:
Sector distribution data shows that 77.63% of the fund's assets are allocated to manufacturing, highly consistent with its focus on advanced manufacturing and AI hardware. Among the top ten holdings, those directly related to AI computing power account for a high proportion, reflecting the fund manager's deep positioning in this field.
06 Risk Warnings and Investor Suitability
Hua'an Huihong C (011145) is a medium-risk (R3) product, with expected risk and return levels higher than bond funds and money market funds but lower than equity funds. Investors considering this product should fully understand the following risks:
· Market systemic risk: The fund's net value fluctuates with the overall stock market.
· Sector concentration risk: The fund's holdings are highly concentrated in manufacturing, potentially facing risks from sector policy changes or downturns.
· Hong Kong stock investment risk: The fund can invest in Hong Kong Stock Connect-listed stocks, exposing it to Hong Kong market-specific risks.
· Fund manager change risk: The fund's performance is closely tied to the fund manager's capabilities.
This fund is suitable for investors with medium or higher risk tolerance and is recommended for long-term holding or regular investment to smooth market volatility. Investors should ensure their investment proportion aligns with their risk tolerance and overall asset allocation goals.
In the investment world, forward-looking positioning often requires making judgments before industry trends fully emerge. As AI commercialization accelerates, companies deeply involved in the global AI industry chain are undergoing value reassessment.
As a technology growth-focused fund, Hua'an Huihong C (011145) provides investors with a professional tool to share in the dividends of this era by selecting high-quality companies in the AI industry chain and advanced manufacturing sectors.
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