Although the scale of Yu 'ebao has exceeded 400 billion, and it has helped Tian Hong Fund become the largest fund company in China, Tian Hong Fund is still at a loss in 20 13.

According to the announcement of China Extension, the operating income of Tian Hong Fund in 20 13 was 3 10/00000 yuan, and the net profit loss was 2,439,300 yuan. 20 12 revenue1.1.400 million yuan, loss 1.5355 million yuan.

It is worth noting that Tian Hong Fund made a profit of 8,525,200 yuan in the first half of 20 13, and the balance treasure launched in cooperation with Alipay was launched in late June. This means that Tian Hong Fund suffered more losses in the second half of the year.

Wang Qunhang, director of Ji 'an Jin Xin Fund Evaluation Center, analyzed that the scale of Tian Hong funds is very large, but most of them have only increased in recent months. From the perspective of the whole year, the average daily scale is much smaller, and the fund accrues management fees on a daily basis. At the end of the year, the management fee income cannot be calculated according to the scale. Secondly, Tian Hong Zenglibao (that is, Yu 'ebao) has too many customers, and the IT investment and maintenance costs may be higher than other monetary funds.

"The money fund is the lowest value-added variety in the fund. The overall rate of Yu 'ebao is 0.63%, and the highest fee management rate of Tian Hong Fund is 0.3%. The software development related to Yu' ebao and the configuration of relevant personnel are all costs. " The research director of Good Buy Fund also told reporters yesterday that this reflects that the investment cost of Yu 'ebao in the early stage is still relatively high.

The research director of Good Buy Fund once mentioned that the loss of Tian Hong Fund last year was about the company's operation, and the income of Yu 'ebao came from the investment of money market instruments such as agreement deposits and short-term financing instruments, which was mainly related to the specific investment of fund assets and market conditions. The assets of each fund were accounted for separately and managed by banks.

People's Daily Online-Yu 'ebao has made money, while Tian Hong Fund is still losing money.