Huashang Fund's Zhang Mingxin Delivers Outstanding Performance with Balanced Growth Mixed Fund Surging Over 97% in Nearly One Year

Deep News
Aug 21

The Shanghai Composite Index continued its robust momentum in July, with market sentiment showing sustained improvement.

As August progresses, A-share markets maintain their strong performance. By the close on August 18th, the Shanghai Composite Index reached 3,728.03 points, marking its highest closing level since August 20, 2015. Daily trading volume hit 2.81 trillion yuan, representing the third-highest trading volume in history.

During this period, the Huashang Balanced Growth Mixed Fund has continued to provide efficient asset management services to investors through keen market insight and professional expertise. As of August 19, 2025, the A-class and C-class shares of this actively managed equity product under Huashang Fund recorded net asset value growth rates of 98.25% and 97.09% respectively over the past year.

The Huashang Balanced Growth Mixed Fund is managed by Zhang Mingxin, Deputy Director of Equity Investment at Huashang Fund. Zhang Mingxin's core investment philosophy centers on "industry trend investing driven by value." He explains that comprehensive value assessment combined with reasonable pricing provides a solid safety margin, which forms the foundation of investment. Only industries in upward business cycles can continuously reach new highs. Through comprehensive cross-industry comparisons and in-depth industrial chain research, identifying alpha targets capable of achieving Davis double-play effects serves as crucial assurance for investment performance.

Over the years, Zhang Mingxin has consistently focused on growth investing during the 0-to-1 stage of industries, prosperity investing during the 1-to-N phase, and turnaround opportunities in traditional sectors facing difficulties. He has systematically and proactively participated in core annual growth directions including new energy vehicles, photovoltaic energy storage, AI large models, computing power, applications, robotics, and autonomous driving.

Zhang Mingxin Chartered Financial Analyst (CFA) Deputy Director of Equity Investment, Huashang Fund Deputy General Manager, Equity Investment Department, Huashang Fund Fund Manager, Huashang Balanced Growth Mixed Fund

Current market consensus suggests that under the combined influence of policy support, industrial upgrading, and market confidence restoration, the medium-term upward trend may remain clear. A-shares are expected to continue their positive momentum, and the long-term allocation advantages of actively managed equity funds may continue to emerge.

"We will closely monitor the evolution of key capital market factors and adhere to our value-based industry trend investment philosophy, striving to achieve favorable investment returns for our shareholders," stated Zhang Mingxin.

Data Description: The net asset value growth rates for Huashang Balanced Growth Mixed A-class over the past 1 year (August 20, 2024 - August 19, 2025) and past 3 years (August 20, 2022 - August 19, 2025) were 98.25% and 46.06% respectively. For C-class shares, the rates were 97.09% and 43.46% respectively over the same periods. The corresponding benchmark returns for the past 1 year and 3 years were 31.07% and -6.10% respectively. All fund net asset value growth data has been verified by the custodian bank. Benchmark returns, Shanghai Composite Index, and A-share market data are sourced from Wind Information. Annual net asset value growth rates and benchmark data for Huashang Balanced Growth Mixed Fund are derived from fund periodic reports, with the latest fund share net asset values available on Huashang Fund's official website. Huashang Balanced Growth Mixed Fund was established on April 8, 2021. Fund manager changes during the performance period: Zhang Mingxin (March 4, 2025 - present), Tong Li (May 19, 2022 - March 4, 2025), Liang Hao (April 8, 2021 - June 20, 2022). The performance benchmark is CSI 800 Relative Growth Index return × 80% + China Bond Composite Total Return Index return × 20%. Annual net asset value growth rates for A-class shares from 2021-2024 were 29.60%, -32.04%, -9.33%, and 3.99% respectively. For C-class shares, the rates were 29.03%, -32.45%, -9.88%, and 3.37% respectively. Corresponding benchmark growth rates were 2.55%, -21.29%, -12.99%, and 5.92%. As of June 30, 2025, Zhang Mingxin has 9.7 years of securities industry experience (including 5.3 years in securities research and 4.4 years in securities investment). Zhang Mingxin's managed funds include: Huashang Balanced Growth Mixed (March 4, 2025 - present), Huashang Advantageous Industries Flexible Allocation Mixed (March 12, 2025 - present), and Huashang Zhiyuan Return Mixed (July 15, 2025 - present). The above content represents only the fund manager's investment philosophy. Specific investment ratios and strategies are detailed in the fund's legal documents.

Risk Warning: The above content does not constitute investment advice. The fund management company commits to managing and utilizing fund assets with honesty, integrity, due diligence, and prudence, but does not guarantee fund profitability or minimum returns. Past performance and net asset value levels do not predict future performance. Performance of other funds managed by the fund management company does not guarantee this fund's performance, and the fund manager's past performance does not guarantee new fund performance. When purchasing this fund, investors should carefully read the fund contract, prospectus, fund product summary, and other legal documents. Markets involve risks, and fund investment requires caution. Investors are encouraged to select products that align with their risk tolerance and investment objectives.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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