Core Viewpoint - The recent resignation of Lu Zhankan as the General Manager of Guosheng Jinkong is a significant step in the ongoing absorption merger with Guosheng Securities, paving the way for the appointment of Zhao Jingliang as the new General Manager of the restructured entity, "New Guosheng Securities" [1][8][10]. Group 1: Management Changes - Lu Zhankan resigned from his position as General Manager of Guosheng Jinkong due to work adjustments but will continue to serve as a director and committee member [6][7]. - Liu Chaodong, the Chairman of Guosheng Jinkong, will temporarily assume the responsibilities of General Manager until a new appointment is made [6][7]. - Zhao Jingliang, currently the Deputy General Manager of Caida Securities, is proposed as the new General Manager of Guosheng Securities, pending the completion of necessary procedures [4][10]. Group 2: Company Background and Merger Details - Guosheng Securities, a wholly-owned subsidiary of Guosheng Jinkong, is the only securities company in Jiangxi Province, established in December 2002 with a registered capital of 4.695 billion yuan [8]. - The merger process was approved by the China Securities Regulatory Commission, allowing Guosheng Jinkong to absorb Guosheng Securities, which will lead to the dissolution of Guosheng Securities and a name change to "New Guosheng Securities" [8][9]. - The merger is expected to facilitate a "backdoor listing" for Guosheng Securities, making it the first listed brokerage in Jiangxi Province [9]. Group 3: Financial Performance - In the first half of 2025, Guosheng Jinkong reported total operating revenue of 1.136 billion yuan, a year-on-year increase of 32.10%, and a net profit attributable to shareholders of 209 million yuan, up 369.91% [11]. - The increase in net profit is attributed to higher revenues from securities brokerage and reduced credit impairment losses [11]. Group 4: Market Reaction - As of September 5, Guosheng Jinkong's stock closed down 2.62% at 18.59 yuan per share, with a total market capitalization of 36 billion yuan [12].

Group 1 - The core viewpoint of the article highlights the significant growth in the financial performance of Guosheng Securities, with a net profit of 243 million yuan in the first half of 2025, representing a year-on-year increase of 109.48% [1][2][3] - Guosheng Securities reported operating revenue of 893 million yuan, marking a 9.7% increase compared to the previous year [2][3] - The company experienced notable growth in its brokerage and investment banking businesses, with net income from brokerage services reaching 463 million yuan and investment banking services at 29.87 million yuan [2][3] Group 2 - Guosheng Securities successfully reversed credit impairment losses, recovering 14.85 million yuan in the first half of 2025, compared to a loss of 90.41 million yuan in the same period of 2024 [3] - Guosheng Financial Holdings is in the process of merging with Guosheng Securities, aiming to enhance operational efficiency and focus on core securities business [4][5] - The merger is expected to create a new entity under the name Guosheng Securities, which will become the first listed securities firm in Jiangxi province [4][5]