
Group 1 - The recent executive reshuffle at Ping An Group has led to the appointment of Wang Xin as the new Party Committee member and Secretary of Ping An Trust, with plans for him to become the Chairman after relevant qualifications are approved [2] - Wang Xin has over 20 years of experience in the financial industry, previously serving as the Assistant General Manager and Chief Risk Management Executive at Ping An Asset Management [2] - His predecessor, Fang Weihua, has transitioned to Ping An Bank as a Vice President, indicating a strategic move within the organization as Ping An Bank is undergoing a transformation phase [2] Group 2 - Following the leadership change, Ping An Trust's net profit has come under pressure, with a reported net profit of 3.421 billion yuan in 2024, a decline of 19.6% year-on-year [3] - The company's operating revenue for 2024 was 14.148 billion yuan, down 2.78% from the previous year, while net commission income increased by 5.75% to 9.681 billion yuan [3] - As of the end of 2024, Ping An Trust's asset management scale reached 993 billion yuan, marking a significant year-on-year growth of 49.88% [3]