Social Security Fund Adds Seven Stocks in Q2; Sinochem International Leads, Sheng Tun Mining Up 16%
The social security fund held 23 stocks at the end of the second quarter, with total holdings of 364 million shares valued at RMB 8.578 billion. It newly added seven stocks, led by Sinochem International with 31.65 million shares. Shantui Construction Machinery had the highest holding ratio at 6.69%. Among new additions, Zhejiang Rongtai topped the ratio at 2.72%. In the first half, 19 held stocks saw net profit growth, with Hengyi Petrochemical surging 2500.73%. Since July, heavy holdings rose 4.34% on average, while new additions fell 3.08%; Sheng Tun Mining gained 16.13%, the best among new stocks.
As of the end of the second quarter, the social security fund appeared on the top-ten circulating shareholder lists of 23 stocks, with total holdings of 364 million shares and a combined market value of RMB 8.578 billion at the period end. In terms of changes, it newly entered seven stocks, increased stakes in four, reduced stakes in eleven, and kept holdings unchanged in one. By sector, 17 stocks were on the main board, with three each on the ChiNext and STAR Market. By industry, the fund's holdings were concentrated in basic chemicals, electronics, and non-ferrous metals, with four, four, and three stocks respectively.
Shantui Construction Machinery had the most social security fund appearances, with four fund portfolios—the 406, 17022, 107, and 413 combinations—among its top ten circulating shareholders, holding a combined 87.8934 million shares, or 6.69% of the float. In terms of holding ratio, Shantui had the highest, followed by Shenghong Shares at 2.77%. Zhejiang Rongtai, Espressif Systems, and Zhongxin Shares also ranked high. In terms of share count, Shantui also led, with Yutong Bus and Sinochem International following at 34.84 million and 31.6478 million shares, respectively.
Among the seven newly added stocks, Sinochem International and Zhejiang Rongtai each had two social security fund portfolios, with holdings of 31.6478 million and 7.206 million shares, respectively. In terms of holding ratio, Zhejiang Rongtai had the highest at 2.72% of the float, followed by Daodaoquan at 1.86%. By share count, Sinochem International had the most, with Sheng Tun Mining and Zhejiang Rongtai following at 26.2363 million and 7.206 million shares.
In terms of performance, among the stocks held by the social security fund, 19 reported year-on-year net profit growth in the first half. The highest growth was Hengyi Petrochemical, with net profit of RMB 5.902 billion in the first half, up 2500.73% year on year. Fuchun Shares and Beihua Shares also posted strong growth, up 443.75% and 111.09%, respectively. Among the newly added stocks, six reported year-on-year net profit growth, with Fuchun Shares leading, posting net profit of RMB 33.3618 million in the first half, up 443.75% year on year. Beihua Shares and Moore Threads saw net profit increases of 111.09% and 95.73%, respectively.
In market performance, the social security fund's heavy holdings rose an average of 4.34% since July. Hengyi Petrochemical gained 33.97%, the best performer, while Zangge Mining and Huafon Chemical rose 28.68% and 24.66%, respectively. The biggest decliner was Sunlord Electronics, down 32.20%. Among the newly added stocks, the average decline since July was 3.08%, with Sheng Tun Mining up 16.13%, the best performer among the new additions. Fuchun Shares and Daodaoquan rose 13.47% and 11.14%, respectively, while the biggest decliner was Sinochem International, down 32.18%.