“西部+国融”并购新进展！人事任命来了

Core Viewpoint - The recent developments in the merger between Xibu Securities and Guorong Securities indicate a strategic shift aimed at enhancing capital strength and business scale, with significant personnel changes in the management team following the completion of the acquisition [1][2][6]. Group 1: Management Changes - On October 28, Guorong Securities held a board meeting where Huang Bin was elected as the chairman, while Zhang Zhihe transitioned to vice chairman, and Liu Xiang continued as president [1][3]. - Huang Bin, a veteran in the securities industry, has a long history with Xibu Securities and has held various leadership roles within the company [3][4]. - Zhang Zhihe, the former chairman, has extensive experience, having previously served as the general manager of CITIC Wanjun Securities and president of Datong Securities [4]. Group 2: Financial Performance - Xibu Securities reported a revenue of 4.335 billion yuan for the first three quarters, a decrease of 2.17% year-on-year, while the net profit attributable to shareholders increased by 70.63% to 1.243 billion yuan [2][7]. - The company’s total assets reached 110.583 billion yuan, reflecting a growth of 15.23% compared to the end of the previous year [7]. - The brokerage and investment banking segments showed significant growth, with brokerage fees increasing by 78% and investment banking fees rising by 75.3% year-on-year [7]. Group 3: Acquisition Details - The acquisition process was completed swiftly, taking 14 months from the initial announcement to receiving regulatory approval, with the transfer of 1.151 billion shares to Xibu Securities [5][6]. - Following the acquisition, Xibu Securities now holds 64.60% of Guorong Securities, which is expected to enhance resource allocation and market competitiveness [6][8]. - Guorong Securities has expressed optimism about its growth trajectory under the new ownership, emphasizing the need for all business units to leverage shareholder advantages [8].