Financial Services Association, January 31 (Reporter Yan Jun) After the director of Siyuan Electric angrily criticized the public fund manager on the conference call, a listed company certificate manager also named and criticized the public fund manager.

On January 30, the blue cursor released a performance forecast showing that net profit turned a loss into a profit. Afterwards, a screenshot of Zhang Yuan's circle of friends suspected of representing the company was circulating in the market. She first talked about “the company's performance. The company's revenue is very good, the cash flow is also very good, and the profit is good.” Afterwards, the conversation took a turn, saying “the funds I bought were all negative, and I didn't ask the fund manager to ask questions or ask for an apology from the fund manager” and shouted “I really want to meet the fund manager of China Post's core growth.”

Unlike the director of Siyuan Electric, who directly named the fund company because an agency questioned the company's performance falling short of expectations during the conference call, the reason Zhang Yuan's circle of friends posted it was unclear to the outside world. The three products she named, China Post Core Growth, Bosch Steady, and E-Fangda Technology, did not hold a blue cursor in last year's Quarterly Stock Report. China Post and E-Fangda's two fund companies did not hold a blue cursor. By the end of the fourth quarter of last year, a total of 13 funds in the entire market had heavy blue cursors. Their holdings accounted for 1.25% of tradable shares, down from the third quarter of that year.

A market publicist said that the general manager has responsibilities such as assisting the director and secretary in managing investor relations and being responsible for information disclosure. Judging from this screenshot, Zhang Yuan compared the company's performance with the performance of his own investment fund. In terms of public relations, the two are not necessarily linked; it is more of an emotion. It seems that he is using fund product losses to respond to market questions about the company's business and profits.

The general manager shouted “I really want to know the fund manager of China Post's core growth”

On the evening of January 30, the blue cursor released the 2023 performance forecast, showing that the net profit for 2023 is expected to be 100 million yuan to 150 million yuan, turning a year-on-year loss into a profit. The main reason for the change in performance is that in 2023, as macroeconomic growth resumed, the company achieved a breakthrough increase in annual revenue, exceeding 52 billion yuan, and net cash flow from operating activities exceeding 600 million yuan.

The news of the loss in performance was far less eye-catching than a screenshot of Zhang Yuan's circle of friends.

The screenshot shows that in the screenshot, Zhang Yuan first boasted about her performance forecast. The income was very good, “proving that we are working really hard”, and that the cash flow was also very good, proving that the business activities were particularly healthy.

Speaking of profit, she said, “Aren't profits bad? I think it's fine, at least it's a positive number.” Afterwards, she switched her focus to public funds. There are several fund products that make money this year, but “the China Post core I bought has grown and grown for more than ten years, but every time I take a look, they haven't given me a chance to redeem it. The Bosch I bought this year is not stable at all, and E-Fangda Technology doesn't want to be technology-based. They are all negative numbers, and I haven't asked the fund manager to ask for an apology.”

Furthermore, at the end, she said that she would love to meet the fund manager of China Post's core growth.

What is the status of the three public funds named by Zhang Yuan: China Post Core Growth, Bosch Steady, and Yifangda Technology?

First, Zhang Yuan bought China Post's core growth for more than ten years. This fund was founded in 2007, and its latest net worth is 0.514. This fund has had 12 fund managers, including famous players such as Liu Geyi and Guo Xiaowen. Currently, the fund manager is Chen Liang. He took over in November 2021, and the overall performance is indeed poor. Since its establishment 16.5 years ago, the overall return rate was -48.6%. Among the different assessment dimensions, the return rate for the past ten years was 4.18%. The rest were negative. Since this year, the loss has been slightly lower, at 0.29%.

Neither is an accurate name. Bosch Steady Steady Series has many products such as Bosch Steady Return, Bosch Steady Choice, and Bosch Steady Huili. E-Fangda Technology has two products. E-Fangda Technology Smart Choice was established in September 2023. Currently, the loss since establishment is 0.85%; E-Fangda Technology Innovation was founded in 2019, and the return rate since establishment is 96.78%, which has almost doubled, but if it has been bought and held for nearly three years, the short-term performance is also poor.

Why did they criticize fund managers again?

Since the annual report season, this is the second time this month that an investor relations position at a listed company has named a public fund manager.

Not long ago, on January 18, Siyuan Electric, which had just revealed its performance report, held a conference call. At the conference, some organizations raised questions about the company's performance falling short of expectations. Yang Zherong, director of Siyuan Electric, named 3 public funds on site and said that after buying products from 3 public funds, they lost 15-20 points. This incident, combined with the current poor performance of equity funds, sparked a buzz in the market.

However, returning to the blue cursor, none of the three funds named by Zhang Yuan had a heavy blue cursor, and even China Post and E-Fangda did not have a heavy blue cursor. It can be speculated that it is not similar to Siyuan Electric's public offering questioning the blue cursor's performance. These three funds are Zhang Yuan's personal investment losses. So, under the performance forecast of turning a loss into a profit, why did Zhang Yuan pull out “anger” from the public offering?

Earlier media reports showed that the market was not satisfied with the blue cursor's performance in the fourth quarter of 2023. Specifically, the company's performance forecast shows that net profit for 2023 was 100 million yuan to 150 million yuan, but the blue cursor's net profit attributable to shareholders of listed companies for the first three quarters of 2023 was 288 million yuan, and net profit after deducting non-recurring profit and loss was 325 million yuan. Simple calculations show that the company's net loss in the fourth quarter of 2023 may exceed 100 million yuan.

As a result, Zhang Yuan explained the blue cursor's business after naming the fund and losing money. She said, “The revenue is there, the cash flow is there, and the profit really takes time. The layout of the new business and the improvement of the overall strategy all require investment and effort! All in AI~AI², the direction and path the company is moving forward is more clear.”

According to the industry, this screenshot is more about using one's own investments “all negative, and I haven't asked the fund manager to ask questions or ask the fund manager to apologize” to express dissatisfaction and explanation about current market questions.