cuan77slotonline| A rare ticket, pointing to Shenwan Hongyuan, an established outlet in the west
editor 2024-04-29 21:48:16 Finance 27
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Source: Securities industry experts
Due to fund sales staff illegal "linked", experts have had comments on Shen Wanhongyuan Western Securities. A few months later, the brokerage reappeared in the eyes of experts because of an unusual administrative penalty.
Fire ticket
The expert who collated the regulatory information caught a glimpse of an administrative penalty letter from the fire and rescue brigade of Yizhou District, Hami City, in which the name of Shenwan Hongyuan Western Securities Co., Ltd. (abbreviated as: Shenwan Hongyuan Western Securities or Shenwan Hongyuan Western Securities) appeared.
It is said that on February 20 this year, that is, when the Spring Festival returned to work, the fire department conducted an on-the-spot inspection on the securities business department of Hami Tianshan West Road (referred to as: Hami Tianshan West Road Business Department) of Shenwan Hongyuan West Securities.
After this investigation, a problem was found.
Administrative penalty letter No. 0066 of Xiaoxing penalty word (2024) points out that the fire fighting facilities and equipment in the business department of Tianshan West Road in Hami are not in good condition and effective, which violates the relevant provisions of the Fire Protection Law of the people's Republic of China. On April 19, the fire rescue brigade of Yizhou District of Hami City imposed an administrative penalty of 5500 yuan on the business department of Tianshan West Road in Hami.
The most "established" outlets
You know, Shen Wanhong Western Securities has 3 branches and 46 business departments in Xinjiang, Shaanxi and Gansu provinces. Among them, Hami area has two business departments.
According to public information, the sales department of Tianshan West Road in Hami was established in January 2001. In terms of seniority, it ranks third among the "all-time" branches of Shenwan Hongyuan Western Securities, which can be said to be one of the oldest outlets.
Such an "old" network, but because of "fire safety" went wrong, really let the expert feel confused.
The person in charge of "high configuration"
Even more confusing to experts is the person in charge of this network "high-end".
Information from the China Securities Association shows that Xing Yan, the head of the business department, is an experienced person. Have a master's degreeCuan77slotonlineHe practiced in Shenwan Hongyuan Western Securities Registration as early as 2004 and has been practicing for 20 years. In January 2021, he obtained the qualification of patronage and became the head of the sales department of Tianshan West Road in Hami in July of that year.
According to the 2023 annual report of Shen Wanhongyuan West, there are 53 people with master's degrees, accounting for 5%.Cuan77slotonline.89%, while there are only 17 people with master's degrees in the sales department, accounting for 2%.Cuan77slotonline.30%.
The double penalty has been changed?
Recall that in November 2023, the Xinjiang Securities Regulatory Bureau gave supervision warning + filing punishment to the securities business department of Shihezi Beisi Road (abbreviated as: Shihezi Beisi Road Business Department) and the person in charge Li Hao (Jin Kirin analyst).
After investigation, the business department of Beisi Road in Shihezi has the situation of "handing out the sales tasks of funds and public funds to employees who are not qualified for fund employment". And the fund sales relationship and subsequent sales performance of those without fund qualifications will be linked to the name of other marketing personnel. To this end, the Xinjiang Securities Regulatory Bureau of the network and the head of the business department Li Hao are given supervision and warning, and recorded in the integrity file.
However, after a few months, the head of the sales department did not show that there was a "violation record". Is it because "mistakes can be corrected" and regulatory recognition has been obtained?
Three consecutive declines in performance
Compared with the parent company Shenwan Hongyuan Securities, the main business of Shenwan Hongyuan Western Securities is limited both in scope and region.
In 2023, the operating income of Shenwan Hongyuan Western Securities was 1.233 billion yuan, down 4.61% from the same period last year.Cuan77slotonlineThe net profit was 523 million yuan, down 8.54% from the same period last year. The performance of Shenwan Hongyuan Western Securities has declined for three consecutive years since 2021, and it is lower than the 2020 level in 2023.
In the main business, the brokerage business collected 501 million yuan, down 22.88% from the same period last year. In terms of net interest income, credit business income was 436 million yuan, down 8.88% from the same period last year. The smaller proprietary business collected 177 million yuan, a year-on-year increase of 88.70%. According to the annual report, it is mainly the quotation buyback business launched in the Shenzhen Stock Exchange.
Senior management level change
Compared with the official website of the China Securities Association and Shen Wanhongyuan, experts found the information of the current senior executives.
Mr. Wang Xianjun, Executive Director and General Manager, and Mr. Wang Inn, Deputy General Manager, all have previous experience in working in grass-roots outlets. The CFO is served concurrently by Lu Ming, Deputy General Manager of Shenwan Hongyuan Securities Plan Financial Management headquarters. Ms. Tian Tian, who was born in the securities supervision system, became the new compliance director and chief risk officer of Shenwan Hongyuan West in December 2023. Her predecessor, Ms. Zhou Wei, an expert in November 2023, did not find her registered with the China Securities Association.
Shen Wanhongyuan's western annual report shows executive compensation, with a significant year-on-year drop: the salary of the only director was 1.8197 million yuan, down 13.29% from the same period last year, while the average salary of three executives, including those who left, was 993000 yuan, down 12.43% from the same period last year.
There is a bonus on salary.
In the tide of industry-wide wage cuts, the per capita salary in the west of Shen Wanhongyuan has risen abnormally.
According to the "three tables" data, the salary of Shenwan Hongyuan employees was 444 million yuan in 2023, a slight drop of 0.52% from the same period last year. As the number of employees decreased from 910 to 900, the per capita salary was 493000 yuan in terms of the number of staff at the end of the period, a slight increase of 0.58 per cent over the same period last year.
In view of this, Shen Wanhongyuan Western Securities faces all kinds of difficulties, still does not forget the initial ideal and ambition, and provides preferential treatment for its employees. Experts deeply hope that while paying attention to safety and compliance, the securities firm will be able to raise the level of profit-making and set a new example for the industry.