知名券商研究所三员大将，即将奔赴下一站

Group 1 - Key Point 1: Three key analysts from Guosheng Securities Research Institute are set to leave, including co-director Zheng Zhenxiang, assistant director and pharmaceutical chief Zhang Jinyang, and computer chief Liu Gaochang [1][2] - Key Point 2: Zheng Zhenxiang, who returned to Guosheng Securities in January 2023, is expected to transition from sell-side to buy-side roles, having over 15 years of experience in sectors like consumer electronics and semiconductors [1] - Key Point 3: Zhang Jinyang, with a decade of experience in pharmaceutical investment research, is moving to become the deputy director at Guolian Minsheng Securities Research Institute [1][2] Group 2 - Key Point 1: Liu Gaochang, the youngest chief analyst in the computer industry, is leaving to join Dongfang Caifu Securities Research Institute, having been recognized as the top analyst in the computer sector for three consecutive years [2] - Key Point 2: The research institute has faced a significant decline in commission income, with a 28.35% year-on-year drop in the first half of 2025, totaling 0.95 billion yuan, compared to nearly 2.2 billion yuan in the first half of 2021 [3]