On December 15, East Money Information Co.,Ltd. (300059.SZ), a leading financial information service provider, announced a series of governance and organizational changes through regulatory filings.
Key leadership transitions include founder Qi Shi retaining his role as chairman while Huang Jianhai, former deputy general manager, CFO, and board secretary, was promoted to vice chairman and general manager. Zheng Likun stepped down as general manager but remains chairman of subsidiary East Money Securities.
The company also restructured its compliance, legal, and audit functions, eliminating its supervisory board entirely. These changes come as East Money reported robust performance, with Q1-Q3 2025 revenue and net profit growing 58.67% and 50.57% YoY respectively, driven primarily by securities brokerage operations. However, challenges persist in its fund distribution platform Tian Tian Fund and traffic monetization.
Huang Jianhai, a 1973-born finance veteran with degrees from Shanghai Jiao Tong University and Harvard Business School, holds 500,000 company shares. Her 2024 compensation totaled 3.32 million yuan, ranking third among executives. Outgoing GM Zheng Likun, a 14-year company veteran born in 1984, transitioned to focus on securities subsidiary leadership.
The reorganization includes appointing two new deputy GMs (Cheng Lei and Yang Hao), a new CFO (Cheng Hui), and merging compliance/legal functions into a new department. The supervisory board dissolution follows an industry trend toward modernized governance structures.
Despite strong brokerage performance (86.79% YoY growth in commission income), Tian Tian Fund's revenue stagnated at 0.49% growth despite 24.18% higher sales volume, reflecting intense industry competition. Meanwhile, rival Ant Fund saw 360.36% profit growth.
East Money faces mounting competition from peers like Tonghuashun (300033.SZ) and DZH (601519.SH). While leading in assets (380.3 billion yuan) and profitability (78.5% net margin), its stock underperformed sector peers with -12.17% YTD return. Recent insider share sales by the founder's family totaling 5.8 billion yuan at 24.4 yuan/share (16.63% below current 22.61 yuan price) have added pressure.
The company's market cap ranking on Chinext dropped from second to fourth in 2025, surpassed by peers like InnoLight (300308.SZ). Analysts view the restructuring as strategic preparation for long-term competitiveness beyond market cycle dependence, though execution risks remain.
Comments