Thirty stocks are held by the Social Security Fund with a market value exceeding 1 billion yuan. According to statistics, as of 20:00 on April 14, a total of 271 listed companies that had disclosed their top ten circulating shareholders list as of the end of the fourth quarter of 2025 featured the Social Security Fund among their major shareholders. By the end of the fourth quarter of 2025, the Social Security Fund collectively held 5.804 billion shares of the aforementioned stocks, with a total market value of 117.241 billion yuan. Based on shareholding quantities, ten stocks, including China Merchants Shekou, SANY HEAVY IND, and Industrial Securities, each had Social Security Fund holdings exceeding 100 million shares. Thirty stocks had a holding market value surpassing 10 billion yuan by the end of Q4 2025, including Hualu Hengsheng, SANY HEAVY IND, and BYD.
The market value of Social Security Fund holdings in Hualu Hengsheng reached 4.427 billion yuan by the end of 2025. The stock was heavily held by four Social Security Fund portfolios simultaneously, with the National Social Security Fund 106 Portfolio having held a significant position since the fourth quarter of 2012. The company stated on its investor Q&A platform that recent increases in international crude oil and methanol prices have provided some benefits to the coal chemical sector. Leveraging its flexible co-production model, the company will adjust production, operations, and product structure flexibly based on market conditions to actively seize market opportunities and continuously improve operational quality and profitability. The market value of Social Security Fund holdings in SANY HEAVY IND was 4.095 billion yuan. The company reported significant performance growth for the full year 2025, achieving operating revenue of 89.7 billion yuan, a year-on-year increase of 14.44%, and a net profit attributable to shareholders of 8.408 billion yuan, a substantial increase of 41.18% year-on-year, marking the highest level in the past four years. In its annual report, the company stated that its new energy products, such as electric mixer trucks and electric dump trucks, experienced explosive growth, with full-year sales of new energy products reaching 8.64 billion yuan, a surge of 115% year-on-year.
Four sectors held by the Social Security Fund exceeded 100 billion yuan in market value. Analyzed by sector, the Social Security Fund's holdings in four sectors had a market value exceeding 100 billion yuan by the end of 2025. These included two traditionally stable-performing sectors, basic chemicals and machinery equipment, as well as the rapidly growing electronics sector in recent years, and the nonferrous metals sector, which benefited from the price increase cycle and enhanced profitability.
The nonferrous metals sector led with Social Security Fund holdings valued at 14.1 billion yuan. Notably, among the 20 nonferrous metals stocks heavily held by the fund, seven belonged to the aluminum sub-sector, including industry leaders such as Yunnan Aluminium, Aluminum Corporation of China, and Hongqiao Holding. Aluminum prices have been rising steadily since April 2025. Data from the National Bureau of Statistics showed that as of April 10, the market price for aluminum ingots was 24,500 yuan per ton, an increase of over 20% year-on-year. A research report from Industrial Securities indicated that Chinese electrolytic aluminum companies possess globally competitive profitability and continuously improving shareholder returns. These companies have progressively strengthened their integrated industrial chain layouts, addressing bottlenecks related to bauxite resource constraints, steadily increasing the self-sufficiency rate of upstream resources, resulting in stronger earnings stability for integrated leaders. The electronics sector had Social Security Fund holdings valued at 12.975 billion yuan, with the consumer electronics segment being particularly favored, as eight stocks in this segment were heavily held by the fund. With the rapid development of AI, the consumer electronics industry is expected to gain new vitality. A research report from Founder Securities suggested that, on one hand, existing product categories are being revitalized through AI functional upgrades, stimulating replacement cycles and consumer willingness; on the other hand, the deep integration of AI technology with specific scenarios continues to spawn new product categories, bringing broad growth opportunities for the upstream and downstream industry chain.
Net profit attributable to shareholders increased by over 100% for 16 stocks heavily held by the Social Security Fund. In terms of 2025 performance, 164 stocks saw year-on-year growth in net profit attributable to shareholders, with 16 stocks, including Xinqianglian and Xinxing Ductile Iron Pipes, doubling their profits; nine stocks turned losses into profits, and six stocks were expected to reduce losses, with the overall proportion of positive reports being approximately two-thirds. Xinqianglian recorded the highest year-on-year increase in net profit attributable to shareholders, achieving 818 million yuan for the full year 2025, a surge of 1151.44% year-on-year, reaching a record high since its listing. The company stated in its annual report that the domestic wind power market maintained steady growth momentum, injecting strong impetus into industry development and directly boosting demand for related core components. Xinxing Ductile Iron Pipes achieved a net profit attributable to shareholders of 947 million yuan in 2025, an increase of 465.67% year-on-year. The company stated in its annual report that during 2025, the structural optimization of the steel industry deepened significantly, with notable effectiveness in profit recovery. The fluctuation range of average steel prices was the smallest during the "14th Five-Year Plan" period, and the industry achieved its best profits in nearly four years. The company developed 208 new customers for high-quality special steel, with annual steel sales reaching 6.22 million tons, and sales of high-quality special steel increasing by 24.86% year-on-year.
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