On December 29, the last trading day of A-shares, the three major indexes all closed in the red, of which the Shanghai Composite Index was **3 for the whole year7%。For the public offering industry that has been "suffering" for a year, I finally have an explanation, and I don't know if the Nanhua ** management *** hereinafter referred to as "Nanhua **" who has just turned losses into profits will be able to save the company's performance in the future after the "change of leadership".
Just a few days ago, on December 23, Nanhua** disclosed the "2023 Industry Senior Management Change Announcement", due to the resignation of the former chairman Zhang Zhe, the former general manager Zhu Jian was promoted to the chairman of the company from December 21, 2023, and the former deputy general manager Zeng Yuan was promoted to general manager on the same day.
Regarding the specific reason for the resignation of the former chairman Zhang Zhe, the Times Weekly reporter called South China ** many times on December 26 to indicate an interview request, and a relevant person from the South China ** Product Publicity Department said, "The company does not accept interviews." ”
Seven years after its establishment, it only made a profit of 600,000 yuan.
According to public information, Nanhua** is Nanhua** (603093SH), and it is also the first public offering management company wholly owned by **Company in China, which was established on November 17, 2016.
Since its establishment, the performance of Nanhua** does not seem to be ideal, with losses for several consecutive years from its establishment in 2016 to 2022, of which the profit losses in 2017, 2018 and 2021 all exceeded 20 million yuan.
Data**: wind
It is not until the first half of 2023 that Nanhua** can be regarded as turning losses into profits, with a profit of more than 60 yuan.
Just after making a profit, Nanhua suddenly carried out a "change of leadership" at the end of the year.
According to the Times Weekly reporter, Zhang Zhe previously served as the chairman of Nanhua **, and also served as the deputy general manager of Nanhua ** and the general manager of the wealth management business headquarters, Zhang Zhe has been working in Nanhua since March 2002, and became the chairman of Nanhua ** in August 2022.
However, at the end of October 2023, the Zhejiang Securities Regulatory Bureau took the measure of showing a warning letter to Zhang Zhe, that is, Zhang Zhe "As the deputy general manager in charge of the company's asset management business, he has direct supervisory responsibility for the company's violations, and the warning management measures will be recorded in the integrity file of the market." ”
Zhang Xuefeng, a financial commentator, told the Times Weekly reporter that "the change of senior management of the public offering company may have an impact on the company's strategic direction, product research and development, marketing and other aspects." At the same time, senior management changes may also affect the company's stock price and performance, which in turn will affect investors' investment decisions. Therefore, public offering companies need to communicate and manage in a timely manner after the change of senior management to stabilize investor confidence and maintain the stability of the company. ”
There is a serious lack of equity products.
At present, the largest ** product of Nanhua ** is Nanhua Value Qihang Pure Bond C (**007190), with a scale of 527.4 billion yuan, the ** was established in November 2019, and the yield since its establishment is 805%, with an annualized rate of return of about 191%；The largest return since its inception was South China Harvest (**015245), which was established on February 28, 2022 and returned 2446% with an annualized return of 1268%。
Although the performance of Nanhua Fenghui is good, it is not large, and the scale as of September 30, 2023 is only 47.8 billion yuan. For Nanhua**, which has been established for 7 years, this is a problem that it is still facing, that is, the asset management scale is not large, and the management scale will just exceed 20 billion yuan at the end of the third quarter of 2023, and the "bias" is serious, and it is overly dependent on fixed income products.
The scale of Nanhua ** has increased from less than 300 million yuan to more than 20 billion yuan, and it has taken nearly 7 years or so.
From the perspective of the product structure of Nanhua**, there are many fixed income products, especially bond products, which have become the main income of Nanhua**, but there is a serious lack of equity products.
Wind data shows that as of September 30, 2023, the management scale of Nanhua** is 2147.2 billion yuan, the number of ** is 15, including 10 bonds, and the management scale is 2035.3 billion yuan;There are 3 mixed ** and 10 management scales7.8 billion yuan. There are only 2 **type**, and the management scale is 04.1 billion yuan.
For Zhu Jian and Zeng Yuan, how to "build a good team" to increase the weight of equity products in the future may be a question worth pondering.