“新券商”刚揭牌，三大股东出手减持

Core Viewpoint - The announcement of significant share reductions by major shareholders of Guosheng Securities shortly after its rebranding has raised concerns and highlighted the successful asset appreciation of Jiangxi state-owned assets [2][8]. Shareholder Reduction Plans - Three major shareholders, Nanchang Financial Holdings, Jiangxi Jiang Investment, and Jiangxi Building Materials Group, plan to collectively reduce their holdings by up to 54.53 million shares, representing 2.82% of the total share capital, with an estimated market value of around 1 billion yuan [2][4]. - Nanchang Financial Holdings intends to reduce up to 19.35 million shares (1%) through centralized bidding or block trading [5]. - Jiangxi Jiang Investment plans to reduce up to 15.82 million shares (0.82%) via block trading [5]. - Jiangxi Building Materials Group also plans to reduce up to 19.35 million shares (1%) through centralized bidding [5]. Background of Share Acquisition - The shares being reduced were acquired through a 2022 agreement where a consortium of five Jiangxi state-owned enterprises purchased 9.76 billion shares of Guosheng Securities for 8.879 billion yuan, equating to 9.1 yuan per share [6][10]. - The shareholders had previously committed to not transferring their shares for 36 months post-acquisition, with the lock-up period ending on September 28, 2025 [7]. Financial Performance - Guosheng Securities reported a revenue of 1.856 billion yuan for the first three quarters of the year, a year-on-year increase of 46.84%, and a net profit of 242 million yuan, up 191.21% year-on-year, primarily driven by increased securities brokerage income [13].