On the afternoon of May 7, Guolian MinSheng held its 2024 Annual and 2025 First Quarter Earnings Conference. Attendees included Chairman and President Ge Xiaobo, Vice President and CFO Yin Lei, Board Secretary Wang Jie, and Independent Director Guo Chunming. During the meeting, the management addressed hot topics such as performance, share buybacks, dividends, and H-shares.
Significant Performance Improvement Chairman and President Ge Xiaobo reported that in 2024, the company actively navigated the complex challenges of a highly volatile capital market, focusing on annual targets and advancing business transformation. The company achieved revenue of RMB 2.683 billion, a year-on-year decrease of 9.21%, and net profit of RMB 397 million, down 40.80% year-on-year. As of the end of 2024, total assets stood at RMB 97.208 billion, an increase of 11.57% from the previous year, while net assets reached RMB 18.584 billion, up 4.59% year-on-year. In the first quarter of 2025, the company seized market opportunities and continued to drive business development, resulting in a significant improvement in performance. Revenue surged to RMB 1.562 billion, a year-on-year increase of 800.98%, while net profit turned positive at RMB 376 million. Total assets as of the end of Q1 2025 grew to RMB 174.518 billion, up 79.53% year-on-year, and net assets rose to RMB 50.490 billion, an increase of 171.68%. No Share Buyback Plan Regarding the absence of plans to repurchase A-shares or H-shares via the Stock Connect program, Chairman Ge Xiaobo explained that securities companies operate in a strictly regulated industry where business scale and liquidity metrics are closely tied to net capital. Given the company’s current business scale and capital structure, no buyback plan is under consideration. H-Share Price Explanation Board Secretary Wang Jie addressed the significant disparity between H-share and A-share prices, with H-shares trading at less than 40% of A-share values. He emphasized that H-share listing facilitates access to international capital markets and enhances the company’s global brand recognition, holding strategic importance. Currently, H-shares are influenced by global market conditions, particularly for financial firms, resulting in lower valuations compared to A-shares. During the recent private placement, some overseas investors showed a preference for more liquid A-shares. The company remains committed to improving operational performance, competitiveness, and investor communication to enhance value. Commitment to Higher Dividends Vice President and CFO Yin Lei stated that the company prioritizes long-term shareholder returns. While focusing on core business and competitiveness, it aims to reward shareholders by increasing dividend levels and frequency, allowing investors to benefit from economic growth and the company’s progress.The company’s 2024 annual profit distribution plan proposes to distribute a cash dividend of RMB 0.056 per share (tax inclusive) to all shareholders, totaling RMB 318 million. This represents 80.04% of the net profit attributable to listed company shareholders in 2024, strictly adhering to the company’s 2024-2026 shareholder return plan and continuously enhancing investor.
Moving forward, the company will maintain, strive to improve dividend levels and frequency, and reward investors. Risk Warning and Disclaimer: The market carries risks, and investment requires caution. This article does not constitute personal investment advice nor does it consider the specific investment objectives, financial situations, or needs of individual users. Users should evaluate whether any opinions, views, or conclusions in this article align with their specific circumstances. Investments made accordingly are at the user’s own risk.
