西部利得基金“遭2.91亿元执行”，超过五年净利润总和，公司为何称运营不受影响？

Core Viewpoint - Western Asset Management has recently been embroiled in controversy due to a court ruling that lists the company as a defendant with an execution amount of 291 million yuan, which is 575% of its projected net profit for 2024 and exceeds its total net profit over the past five years [4][6]. Financial Impact - The execution amount of 291 million yuan represents 76% of the company's projected revenue for 2024, which is 384 million yuan, and is 5.75 times its expected net profit of 51 million yuan for the same year [6]. - Western Asset Management was established in July 2010 and has a registered capital of 370 million yuan, with a typical "brokerage system" background [6]. Legal Context - The company asserts that the issue pertains to a specific asset management product and will not affect its overall operations. The legal framework indicates that the asset management plan's debts are to be borne by the plan's assets, not the fund company itself [4][6]. Recent Developments - The company has faced additional challenges, including the administrative detention of a fund manager due to gambling, which led to his dismissal and subsequent management changes within the company [11][12]. - The company has seen significant growth in its assets under management, surpassing 100 billion yuan for the first time in 2024, with a total of 1136.68 billion yuan as of November 17, 2025, ranking 69th among 185 public fund institutions [13]. Strategic Focus - Western Asset Management has adopted a strategy focused on strengthening fixed-income products, which now account for over 83% of its total assets under management, with bond products alone making up 63% [13]. - However, reliance on low-volatility, low-yield fixed-income products may limit the company's performance in equity markets, especially in a competitive environment where management fees for fixed-income products are lower than those for equity products [14].