Caida Securities(SH:600906) Zhong Guo Ji Jin Bao·2025-11-03 00:16Core Insights - The asset management business of Caida Securities has achieved significant recognition, winning three awards at the "2025 China Securities Firm Exemplary Case Selection" event, including the title of exemplary asset management institution and outstanding investment manager [1] - Caida Securities' asset management business has shown remarkable growth, with total managed assets increasing from 11.085 billion yuan in June 2022 to 44.342 billion yuan in June 2025, representing a cumulative increase of over 300% [1][2] - The overall securities asset management industry has faced challenges, with a decline in scale and revenue, contrasting with Caida Securities' performance [2] Company Performance - Caida Securities' asset management revenue has doubled over the past three years, growing from 5.8 million yuan in 2021 to 32.6 million yuan in 2024, highlighting its role as a key growth driver for the company [1] - The company has successfully transformed from a regional player to a nationally recognized asset management firm within three years, attributed to a strong market-oriented talent recruitment strategy [2] Product and Strategy - The asset management business of Caida Securities has established a professional investment research system and diversified product offerings, with several products ranking among the top performers in their categories [3] - In the first half of 2025, Caida Securities launched 72 new asset management plans, ranking 10th in the industry for the number of new collective asset management plans established [3] - The company has expanded its distribution network, partnering with over 30 third-party platforms, enhancing its product competitiveness and brand influence [3] Industry Context - The securities asset management industry has experienced a contraction, with private product scale declining from 71,180.50 billion yuan in June 2022 to 55,208.19 billion yuan in June 2025, a decrease of over 20% [2] - The net income from securities asset management dropped from 13.319 billion yuan in June 2022 to 11.351 billion yuan in June 2025, a decline of approximately 15% [2] - The success of Caida Securities serves as a valuable case study for high-quality development during the industry's transformation period, emphasizing the importance of investment research capabilities and product performance [4]