浙商证券新消费团队生变：周明蕊、黄振星双双加盟国盛证券

Core Insights - Recent departure of two analysts from Zheshang Securities' new consumption team to Guosheng Securities highlights talent movement within the industry [1] - Zheshang Securities continues to perform well in the consumer sector, maintaining its position as a leading research institution despite a decline in revenue [1] - Guosheng Securities shows growth in revenue and profit, driven by bond trading and brokerage services, indicating a competitive landscape [2] Group 1: Zheshang Securities - Analysts Zhou Mingrui and Huang Zhenxing have left Zheshang Securities to join Guosheng Securities, indicating a shift in talent within the sector [1] - Zheshang Securities achieved operating revenue of 15.816 billion yuan in 2024, a year-on-year decline of 10.33%, while net profit attributable to shareholders was 1.932 billion yuan, an increase of 10.17% [1] - The firm’s public fund distribution income was 327 million yuan, with a decline of only 18.71%, making it the only research institution among the top 20 to improve its ranking for five consecutive years [1] Group 2: Guosheng Securities - Guosheng Securities reported total operating revenue of 1.907 billion yuan in 2024, a year-on-year increase of 5.23%, and net profit of 347 million yuan, up 56.06% [2] - The growth in Guosheng's revenue is attributed to the strong performance of its bond trading and brokerage business [2] - Guosheng Securities' public fund distribution income was 239 million yuan, with market share in the Shanghai and Shenzhen stock exchanges at 2.67% and 2.51%, respectively, showing an improvement in its competitive position [2]