首创证券核心管理层三项任命！张涛出任董事长

Core Viewpoint - The management transition at Shouchao Securities is characterized by internal promotion and a smooth handover, aiming to maintain operational stability and continue the company's high-quality development trajectory under new leadership [5][6]. Group 1: Management Changes - Bi Jinsong has retired due to age, having served in various key roles since joining the company in January 2007, including Chairman since April 2024 [2]. - Zhang Tao has been appointed as the new Chairman, continuing his roles as Party Secretary and Chairman of the Board's Strategic Committee, with a focus on enhancing the company's development and performance [3]. - Liu Huibin has been elected as Vice Chairman, bringing extensive legal and compliance management experience to the role [3]. Group 2: Performance and Strategy - Under Zhang Tao's leadership, the company has seen significant growth in operating performance, with record highs in revenue and net profit for the year 2024, positioning it favorably among peers in the industry [3]. - The company has submitted an H-share IPO application to the Hong Kong Stock Exchange, which, if approved, would make it the 14th brokerage to achieve "A+H" listing [3]. - The asset management sector is being actively developed, with a focus on enhancing operational capabilities and expanding product offerings, resulting in a 14.99% increase in net asset value to 165.44 billion yuan as of June 30, 2025 [4]. Group 3: Financial Performance - For Q3 2025, the company reported revenues of 731 million yuan, a year-on-year increase of 22.21%, and a net profit of 313 million yuan, up 14.86% [6]. - For the first three quarters of 2025, total revenues reached 2.015 billion yuan, reflecting an 8.75% year-on-year growth, while net profit increased by 7.19% to 804 million yuan [6]. - The management changes are seen as a balance between strategic continuity and professional upgrading, aligning with the industry's shift towards wealth management transformation [6].