yang cangbing, chairman of haitong fund management, retires, and lu ying of haitong asset management takes over
2024-09-05
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there are executive changes again in the public offering circle.
on september 4, haitong fund announced that the former chairman yang cangbing retired and was replaced by lu ying, who served as the director of haitong securities research institute for 10 years. in january this year, she just took up the position of chairman of shanghai haitong securities asset management co., ltd. (hereinafter referred to as "haitong asset management").
public information shows that lu ying has many years of sell-side research experience. she has worked at haitong securities since july 2000 and has served as an analyst at the research institute, head of the industry department of the research institute, and director. in addition to serving as the chairman of haitong asset management, she also served as deputy director of the wealth management committee and deputy director of the institutional business committee of haitong securities.
according to information, haitong fund was established in april 2003. it is a public fund company under the securities company system with a registered capital of 300 million yuan. haitong securities is the largest shareholder, with a shareholding ratio of 51%; the second largest shareholder is bnp paribas asset management be holding company of france, with a shareholding ratio of 49%.
according to the latest financial report of haitong securities, in the first half of this year, haitong fund's operating income was 454 million yuan, a year-on-year decline of 28.16%; net profit was 134 million yuan, a year-on-year decrease of 30.21%. as of the end of the second quarter, haitong fund's total assets were 3.811 billion yuan and its net assets were 2.658 billion yuan.
in the past three years, haitong fund's revenue has continued to decline, with operating income falling from 1.638 billion yuan at the end of 2021 to 1.164 billion yuan in 2023, a cumulative decrease of 28.94%; net profit fell from 530 million yuan to 417 million yuan, also a decrease of more than 20%.
wind data shows that by the end of the second quarter of this year, the total fund assets of haitong fund amounted to 161.3 billion yuan. the number of products increased by 11 compared with the same period last year, but the scale decreased by 3.7 billion yuan, and the industry ranking also dropped from 36th to 41st. in terms of product structure, its bond funds are the main products, with a total scale of 89.9 billion yuan, accounting for 55.73% of the company's total scale.
(this article comes from china business network)
