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it’s another crazy day: the a-share market is going crazy collectively, and the bull market flagbearers are competing to hit the daily limit. among the brokerage stocks, oriental fortune, the only one listed on the gem, once again hit the 20cm daily limit.

brokerage concepts soar

on the last trading day before the national day, a-share transactions exceeded 2.6 trillion yuan throughout the day. the growth rates of the three major stock indexes set new historical records: the shanghai composite index rose by 8.06%, the shenzhen composite index rose by 10.67%, and the chinext index rose by 15.36%.

as the standard bearer of the bull market, the securities industry is experiencing a collective surge. except for guotai junan and haitong securities, which were suspended from trading, all stocks rose by the daily limit.

among all the gains of 10%, oriental fortune (300059.sz) was the best, with an increase of 20%. the total market value increased to 320.447 billion yuan, catching up with citic securities, the “big brother” in the securities industry.

see the 20cm "quan mao" again

since the "924" new deal, "quanmao" oriental fortune has risen for five consecutive trading days. as the only brokerage concept stock listed on the gem, it easily touched a 20% increase.

it is indeed a "quanmao". the review data shows: on september 27, oriental fortune closed the market with a 20% increase, with a transaction volume of 28.164 billion yuan.

on september 30, oriental fortune once again achieved a 20% increase, with a transaction volume of 30.598 billion yuan, almost three times that of citic securities.

become the leader

judging from the name, the relationship between oriental fortune information co., ltd. (abbreviated as oriental fortune) and its wholly-owned subsidiary oriental fortune securities co., ltd. (abbreviated as oriental fortune securities or oriental finance securities) is obvious.

in 2023, oriental fortune's operating income will be 11.081 billion yuan, and net profit attributable to the parent company will be 8.193 billion yuan. the operating income of oriental fortune securities was 9.377 billion yuan, and the net profit attributable to the parent company was 5.477 billion yuan, equivalent to 84.62% and 66.84% of oriental fortune securities respectively.

in the first half of 2024, oriental fortune securities' operating income was 5.145 billion yuan, and its net profit attributable to the parent company was 3.086 billion yuan. its contribution to the parent company, oriental fortune, increased to 104.04% and 76.09% respectively.

in the first half of 2024, the "threshold" for the top 10 listed securities companies' net profits attributable to their parent companies is 2.229 billion yuan. in comparison, oriental fortune securities’ net profit ranks eighth in the industry, and it is undoubtedly among the top companies.

key executives concurrently serve

according to the relevant announcement of oriental fortune securities bonds: in april 2021, zheng likun, the then general manager of oriental fortune securities, became the general manager of oriental fortune securities and concurrently served as the chairman of oriental fortune securities; dai yan became the general manager of oriental fortune securities.

the china securities association lists the key executives of oriental fortune securities. chairman zheng likun and general manager dai yan have been partners for more than three years.

according to oriental fortune's annual report, zheng likun's salary from 2021 to 2023 is 5 million yuan, 4.5053 million yuan and 4.0231 million yuan respectively. in addition, oriental fortune granted it 2.5 million shares in the first half of this year, and its current market value reaches 50.75 million yuan.