2 1 Shi Ji Jing Ji Bao Dao·2025-06-19 12:06Core Viewpoint - The recent appointment of Chen Chunhui as the president of the Yunnan branch of the Bank of Communications highlights a leadership transition within the company, with a focus on enhancing the quality and scale of asset management services [1][2]. Group 1: Leadership Transition - Chen Chunhui, born in 1978, has over 20 years of banking experience and has held various significant positions within the Bank of Communications, including Vice President of the Private Banking Department and President of Jiayin Wealth Management [1]. - The position of president at Jiayin Wealth Management is currently vacant following Chen's departure [1]. Group 2: Strategic Focus on Asset Management - Chen emphasized the importance of "quality" and "reasonable growth" in the high-quality development of Jiayin Wealth Management, aiming to serve the real economy and align with national development strategies [2]. - The focus on "quality" involves providing stable and low-volatility investment products that enhance customer satisfaction and protect investment principal [2]. - The "reasonable growth" aspect is tied to the continuous growth of the Chinese economy, necessitating a balance between quality enhancement and scale expansion to fulfill the role of a state-owned financial institution [2]. Group 3: Financial Performance - Jiayin Wealth Management reported a net profit of 1.339 billion yuan for 2024, reflecting an 8.02% year-on-year increase [4]. - The total balance of wealth management products issued by Jiayin Wealth Management reached 1.61797 trillion yuan by the end of 2024, marking a 31.39% increase from the previous year [4]. - The company has established a multi-channel distribution system, with 57.58% of its products sold through external channels, amounting to 931.634 billion yuan [4].