After the performance soared in 2021, Soochow Securities Co.Ltd(601555) chose the right time to transfer the president.
According to the announcement on March 9, Soochow Securities Co.Ltd(601555) chairman Fan Li resigned from his concurrent post as president due to work needs and appointed Xue Zhen as president. This means that after shouldering the responsibilities of Soochow Securities Co.Ltd(601555) president and chairman of the board for eight years at the same time, Fan Li can finally divide part of the burden and focus on the post of chairman of the board.
public data show that Soochow Securities Co.Ltd(601555) successfully implemented refinancing of RMB 8.1 billion in 2021, with total assets of more than 120 billion, net profit is expected to increase by 40% year-on-year, and large investment banks and large financial management businesses are comprehensively improved… It must be a very wise choice to complete the president change at this time point
Rooted in Soochow Securities Co.Ltd(601555) 25 years and taking the post of president for 10 years, Fan Li led Soochow Securities Co.Ltd(601555) to seize the great opportunity of capital market and embark on the fast lane of development. Guided by the strategy of “adhering to the base area, integrating into the Yangtze River Delta and serving small, medium-sized and micro enterprises”, Soochow Securities Co.Ltd(601555) has gradually changed from a local brokerage in Suzhou to a national boutique brokerage ranking among the top 20 in the industry. Now, with the establishment of a new generation of management, it is worth looking forward to whether Soochow Securities Co.Ltd(601555) can go further.
new president completes handover
On March 9, Soochow Securities Co.Ltd(601555) announced that the board of directors decided to consider and approve the proposal on the appointment of the president of the company, and Fan Li resigned as the president because of work needs; Xue Zhen was appointed as the president of the company, and his term of office was until the expiration of the term of office of the Fourth Board of directors.
▲ Soochow Securities Co.Ltd(601555) president and deputy party secretary Xue Zhen
according to her resume, Xue Zhen was born in March 1975 and is 47 years old. He has successively served as Deputy Secretary of the Party committee and chairman of the trade union of Suzhou Chuangyuan Investment Development (Group) Co., Ltd; President, deputy secretary of the Party committee, Secretary of the Party committee and chairman of Suzhou Asset Management Co., Ltd; He is currently the Deputy Secretary of Soochow Securities Co.Ltd(601555) Party committee
Fan Li is a veteran who has worked in Soochow Securities Co.Ltd(601555) for 25 years. According to public information, Fan Li was born in December 1966 and currently serves as secretary and chairman of Soochow Securities Co.Ltd(601555) Party committee, vice president of Jiangsu Securities Industry Association, vice president of Jiangsu Listed Companies Association and President of Suzhou Listed Companies Association.
▲ Soochow Securities Co.Ltd(601555) party secretary and chairman Fan Li
He joined Soochow Securities Co.Ltd(601555) in 1997, served as the president of Soochow Securities Co.Ltd(601555) in March 2012, and was promoted to the chairman of Soochow Securities Co.Ltd(601555) in January 2014. Fan Li can be called the soul of Soochow Securities Co.Ltd(601555) and the leader of Soochow Securities Co.Ltd(601555) as well as the rare chairman, party secretary and President of securities companies.
A person close to Soochow Securities Co.Ltd(601555) told the Chinese reporter of the securities firm that Fan Li is a leader with a pattern and feelings. In his past work, he has shown a strong speculative ability, innovative spirit and left a deep impression on people.
Soochow Securities Co.Ltd(601555) also praised him in the announcement, “Fan Li was scrupulous, diligent and responsible during his concurrent tenure as president of the company, and made important contributions to the operation and development of the company. The company and the board of directors of the company express their heartfelt thanks”.
last year’s net profit increased by 40%
According to the performance express released on March 4, in 2021, Soochow Securities Co.Ltd(601555) achieved an operating revenue of 9.245 billion yuan, a year-on-year increase of 25.68%; The net profit attributable to shareholders of listed companies was 2.392 billion yuan, a year-on-year increase of 40.1%.
Soochow Securities Co.Ltd(601555) said that thanks to the active trading in the capital market in 2021, the company actively grasped the market opportunities, and the net income from brokerage fees, net interest income, investment income and income from changes in fair value increased year-on-year, while the provision for credit impairment losses decreased year-on-year. Finally, the revenue structure was continuously optimized and the operating performance increased significantly.
By the end of 2021, Soochow Securities Co.Ltd(601555) total assets were 124318 billion yuan, an increase of 17.87% over the end of the previous year. Moreover, as the company completed the allotment of RMB 8.1 billion in 2021, the owner’s equity attributable to the shareholders of the listed company increased to RMB 37.126 billion, an increase of 33.16% over the end of the previous year.
Looking through the past data, Soochow Securities Co.Ltd(601555) has entered the fast lane of development since its listing in 2011. Since 2014, Soochow Securities Co.Ltd(601555) has implemented refinancing for four times, raising about 23 billion yuan in total, and its capital strength and anti risk ability have been greatly improved. At present, the comprehensive strength of the company ranks about 20 in the industry. It has been rated a by securities companies for seven consecutive years and has been shortlisted in the “white list” of the first batch of securities companies published by the CSRC.
The Chinese reporter of the securities firm also learned that Fan Li mentioned in his internal letter a few days ago that Soochow Securities Co.Ltd(601555) 2021 will actively integrate into the integration of the Yangtze River Delta, build a dual headquarters pattern of Suzhou and Shanghai, and all businesses will develop steadily. Among them, the transformation of wealth management accelerated, and product sales exceeded the 10 billion mark; The income of asset management and proprietary investment is stable, and the research business has ranked among the top 10 of the “best local research team” of new wealth for three consecutive years, and the ranking has increased year by year; The empowerment of financial technology went deep, and the new generation trading system A5 and rams information system support platform won two awards from the central bank.
big investment banking is commendable
Founded nearly 29 years ago, Soochow Securities Co.Ltd(601555) started in Suzhou and is longer than the Yangtze River Delta. The Soochow Securities Co.Ltd(601555) management, led by Fan Li, put forward the strategic orientation of “adhering to the base area, integrating into the Yangtze River Delta and serving small and medium-sized micro enterprises”, hoping to give full play to the advantages of gathering innovative enterprises and numerous small and medium-sized micro enterprises in the Yangtze River Delta and refine the brand characteristics of serving small and medium-sized micro enterprises.
In this context, Soochow Securities Co.Ltd(601555) large investment banking business has been ranked higher and higher in recent years, especially in serving small and medium-sized enterprises. Up to now, Soochow Securities Co.Ltd(601555) has sponsored and underwritten the IPO of 66 enterprises (including 4 of the Beijing stock exchange), with a leading market share in Jiangsu and Suzhou. 441 companies have been listed on the new third board, and the business scale of the new third board is among the top five in China. They seize the business opportunities of the Beijing stock exchange, serve Suzhou axis Co., Ltd. and Xujie technology, become the first batch of listed enterprises of the Beijing stock exchange, and take charge of the first two single conference projects of the Beijing stock exchange. The market share of corporate bonds and corporate bonds has remained the first in Jiangsu Province and Suzhou for many years.
Focusing on optimizing the supply of financial services for small and medium-sized enterprises, Soochow Securities Co.Ltd(601555) actively explored in the field of innovation, and successively successfully issued the first batch of innovation and entrepreneurship bonds, the first batch of innovation and entrepreneurship convertible bonds, the first batch of innovation and entrepreneurship epidemic prevention and control bonds pledged by intellectual property rights, the first batch of green innovation and entrepreneurship epidemic prevention and control bonds, etc.
Up to now, the number of mass entrepreneurship and innovation bonds issued by the company accounts for one quarter of the national market, ranking first in the industry for five consecutive years; The number of green bonds issued in 2021 ranked second in the industry. The score of corporate bond business practice ability evaluation in 2021 ranked second in the industry.
In June last year, the first batch of public offering REITs in China were listed, and Soochow Suyuan industrial REITs ranked among them, becoming the first single public offering REITs in Jiangsu Soochow Securities Co.Ltd(601555) said that this is another practice for the company to explore business innovation and make positive contributions to effectively revitalize stock assets and serve a new round of infrastructure construction in the Yangtze River Delta.
“The establishment of the Beijing stock exchange in 2021 marks a key step in the reform and development of the capital market. It is our luck to walk with the great times. We should comprehensively connect with the reform of the registration system and unswervingly serve the real economy.” Fan Li once said that he firmly believes that with the promotion of the reform of the registration system, the proportion of direct financing will increase significantly, and the capital market will usher in a golden decade. As a member of the securities industry, Soochow Securities Co.Ltd(601555) should also play an indispensable role in serving the national strategy and the real economy.
serve the real economy and show more new achievements
Although considerable performance growth has been achieved in 2021, Soochow Securities Co.Ltd(601555) is obviously unwilling to stop there. It is understood that Soochow Securities Co.Ltd(601555) the next step is to be more stable and market-oriented, so as to better serve the real economy.
As a state-owned listed brokerage in Suzhou, Soochow Securities Co.Ltd(601555) has been deeply cultivated in Suzhou since its establishment. In 2022, serving the construction of Suzhou innovation cluster has become a central task of Soochow Securities Co.Ltd(601555) and also brings a new round of development opportunities. It is reported that the company has gathered advantageous resources and launched ten measures to serve the construction of four innovation clusters in Suzhou and be a good publicity team, service team and investment promotion team for the development of Suzhou.
In addition, in order to further enhance the comprehensive strength, Soochow Securities Co.Ltd(601555) also vigorously promote the construction of talents. It is understood that the company has planned the “thousand talents long-term plan”, straightened out the talent development mechanism and improved employee salary management. In the next step, it plans to carry out equity incentive plan and explore the establishment of a market-oriented mechanism for long-term benefit sharing and risk sharing between employees and the company.
