SHANXI SECURITIES(SZ:002500)2022-12-08 08:42Group 1: Business Performance - The brokerage business revenue has slightly declined in the first half of the year, but has been compensated by cross-selling and other innovative businesses, resulting in an overall increase compared to the previous year [1] - In the third quarter, with improved market conditions, channel revenue has stabilized compared to the same period last year, leading to significant growth in overall brokerage revenue [2] Group 2: Commission Rates - The company's commission rate remains relatively high within the industry due to regional factors, service methods, and added value provided to clients through margin trading and advisory services [2] Group 3: Margin Trading Development - The company's margin trading business has developed rapidly, ranking second nationwide in account opening rates by the end of 2013, with a target of 50% qualified account opening rate for the current year [2] - The current threshold for margin trading is set at 100,000, with the scale of margin trading relative to tradable assets ranking among the top in the industry [2] Group 4: Futures Business Development - The company is transitioning from channel business to a model focused on intermediary services, wealth management, and risk management, aiming to enhance competitiveness and profitability [3] - The acquisition of Green Futures has strengthened the overall profitability of the futures business, with plans to leverage the Hong Kong subsidiary for international business development [3]