Workflow
又撤销!西部证券营业部“瘦身”

Group 1 - Western Securities announced the closure of its Baishui Cangjie Road securities branch as part of its wealth management business transformation and to improve operational efficiency [1] - The company had previously closed another branch in Lanzhou in July 2022, indicating a trend towards streamlining operations [1] - As of the latest trading close, Western Securities' stock price increased by 0.95%, reaching 8.51 yuan per share [1] Group 2 - Western Securities reported a decrease in operating revenue by 16.23% year-on-year to 2.789 billion yuan for the first half of 2025, while net profit attributable to shareholders increased by 20.09% to 785 million yuan [1] - The company experienced significant growth in investment banking and wealth management, with increases of 134.04% and 42.42% year-on-year, respectively [1] - However, proprietary investment and asset management segments saw declines of 13.51% and 10.29% year-on-year [1] Group 3 - The trend of securities firms closing branches is increasing, with companies like Guosen Securities, Founder Securities, and Huatai Securities also shutting down non-core or inefficient outlets [2] - Analysts suggest that closing these branches helps reduce fixed costs such as rent and labor, which is crucial in a competitive environment with declining commission rates [2] - Streamlining physical locations allows firms to concentrate resources on enhancing the efficiency of remaining branches, supporting digital transformation and wealth management upgrades [2]