英大证券“换帅”！段光明卸任，国网系老将马晓燕接棒

Core Viewpoint - The recent leadership change at Yingda Securities, with Ma Xiaoyan appointed as the new chairman, marks a significant shift in the company's management structure, following the resignation of Duan Guangming after three years in the role. This transition occurs amidst a backdrop of frequent executive changes within the company and a notable increase in net profit despite a slight decline in revenue [1][4]. Group 1: Leadership Changes - Duan Guangming has officially stepped down as chairman of Yingda Securities, with Ma Xiaoyan taking over the position. Duan's tenure began in August 2022, and he had also served as a director at State Grid Yingda [1][2]. - Ma Xiaoyan, born in 1969, has a strong background within the State Grid system and has held various key positions, including director and general manager at Yingda. Her appointment follows a rapid succession of leadership changes, indicating a trend of internal selection within the State Grid [2][3]. Group 2: Company Performance - Yingda Securities reported a net profit of 1.07 billion yuan in the first half of 2025, reflecting a year-on-year increase of 36.81%, despite a slight revenue decline [1][4]. - The company experienced a significant drop in total revenue, which reached 3.89 billion yuan in the first half of 2025, down 3.72% year-on-year. However, the net profit growth indicates a strong performance in self-operated business investment returns [4]. - In 2024, Yingda Securities achieved total revenue of 8.60 billion yuan, a decrease of 25.64%, while net profit surged by 64.43% to 1.76 billion yuan, driven by improved investment returns [4].