CCSC(SH:601375) Zhong Guo Ji Jin Bao·2025-10-20 15:04Core Viewpoint - The appointment of Hua Xinhui as the new Deputy General Manager of Zhongyuan Securities marks a significant leadership change within the company, which has experienced multiple executive adjustments throughout the year [1][3][4]. Group 1: Executive Changes - Hua Xinhui has been appointed as the Deputy General Manager and Executive Committee member of Zhongyuan Securities, with a term aligned with the current board's tenure [1][3]. - The company has seen frequent personnel changes in its executive team this year, including the resignation of independent director He Jun and the nomination of Wang Hui as his replacement [3][4]. - Other notable changes include Zhang Qiuyun taking over as Chairman and the resignation of several key executives, including Liu Hao and Wang Xiaogang, due to personal work changes [5]. Group 2: Financial Performance - In the first half of 2025, Zhongyuan Securities reported an operating income of 921 million yuan, a year-on-year decline of 23.14%, while net profit attributable to shareholders increased by 29.34% to 260 million yuan [5]. - The company's main revenue sources include brokerage, investment banking, asset management, proprietary trading, and credit business, with brokerage and proprietary trading being the primary contributors [5]. - Notably, the proprietary trading revenue fell significantly by 57.18% to 249 million yuan compared to 583 million yuan in the first half of 2024, attributed to reduced investment income from financial instruments [6].