Core Viewpoint - The research team of Guotou Securities, led by Xu Huixiong, has collectively moved to Guojin Securities, marking the second such departure this year, amidst significant personnel changes and declining revenue in the firm [1][5]. Analyst Team Departure - The automotive analyst team, including Xu Huixiong, Xia Xinyi, He Guannan, Zhe Siqi, and Yang Ying, joined Guojin Securities between November 27 and December 2 [1][6]. - Xu Huixiong was the chief analyst for the automotive sector at Guotou Securities and holds a master's degree in economics from Nanjing University [7]. Personnel Changes - As of December 3, the number of analysts at Guotou Securities has decreased to 61, down by 16 from the end of 2024, representing a decline of over 20% [1][5]. - Earlier in the year, the fixed income team also left, with notable figures such as former chief analyst Yin Ruizhe moving to Guojin Securities [3][9]. Management Adjustments - In July, significant management changes occurred at Guotou Securities, with Shao Linlin stepping down as head of the research institute and Han Hui taking over [4][10]. - The firm has faced a continuous decline in commission income from split accounts, dropping from a peak of 448 million yuan in 2021 to just 42 million yuan in the first half of 2025, a year-on-year decrease of 68.63% [4][10].

【导读】国投证券汽车分析师 团队 集体跳槽 中国基金报记者 莫琳 国投证券研究所大震荡！ 同时，数据显示，截至12月3日，国投证券分析师人数已降至61人，较2024年底减少16人，降幅超20%。 汽车团队分析师集体离职 加入国金证券 系统显示， 徐慧雄、夏心怡、何冠男、者斯琪、杨颖于11月27日 至 12月2日期间先后入职国金证券 。 公开资料显示，徐慧雄是国投证券汽车行业首席分析师，南京大学经济学硕士学位。 | SACH | 中国证券业协 | | | | | | --- | --- | --- | --- | --- | --- | | | | 登记基本信息 | | | | | | 徐慧雄 | 一个 性别 | 男 | | | | 丸业机构 | 国金证券股份有限公司 | 登记编号 | S1130525110005 | | | | 执业岗位 | 证券投资咨询(分析师) | 学历 | 硕士研究生 | | | | 登记日期 | 2025-11-28 | | | | | | | | 登记变更记录 | | | | | 登记编号 | 登记日期 | 执业机构 | 登记类别 | 登记状态 | 注销登记日期 | | S0590 ...