又一券商研究所所长变动！

Core Viewpoint - The recent personnel changes at Guotou Securities' research division reflect a strategic adjustment aimed at enhancing the professional capabilities and management efficiency of the research team, amidst a backdrop of declining research performance and analyst turnover [2][15][18]. Personnel Changes - Shao Linlin has stepped down as the General Manager of the Securities Research Institute, with Han Hui taking over both as the Executive Dean of the Guotou Industrial Research Institute and the General Manager of the Securities Research Institute [2][3]. - Han Hui is a veteran in the industry, having joined the sector in 2004 and held various significant positions, including General Manager of the Strategic Development Department at Guotou Securities [4][5]. Company Performance - Guotou Securities has shown a recovery in overall performance, with total revenue for 2024 reaching 10.784 billion, a year-on-year increase of 1.9%, and a net profit of 2.529 billion, up 30.43% [13]. - In the first half of 2024, the company reported a revenue of 5.631 billion and a net profit of 1.697 billion, reflecting year-on-year growth of 27.43% and 39.67% respectively [14]. Research Business Challenges - Despite the overall performance improvement, the research division has faced challenges, including a decline in commission income from 4.49 billion in 2021 to 1.96 billion in 2024, marking a 43.74% decrease and a drop in industry ranking from 21st to 24th [16][17]. - The analyst team has also seen a reduction in numbers, dropping from 82 at the end of 2023 to 63 by July 2024, indicating a trend of talent loss [17]. Strategic Direction - In 2024, Guotou Securities initiated a strategic upgrade of its research business by establishing the Guotou Industrial Research Institute, focusing on serving institutional investors, in-depth industry research, and think tank development [18].