Vice President Xu Chun of Guolian Minsheng Securities' 2025 salary reaches 2.4225 million yuan, higher than President Dong Xiaobo.

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Operator Finance Network, Fu Zhen / Text

Guolian Minsheng Securities only completed its formal merger in 2025. In the later stage, it advanced a series of personnel changes, and the newly released annual report has drawn strong attention from the market. It is understood that the company’s operating revenue increased by more than 180% year on year, and its net profit attributable to parent surpassed 400% year on year, with performance that is quite impressive.

The annual report shows that in 2025, Guolian Minsheng Securities’ operating revenue reached 7.673 billion yuan. Compared with 2.683 billion yuan in 2024, that was a year-on-year increase of 185.99%. Total profit rose from 370 million yuan in 2024 to 2.470 billion yuan, surging 560.56% year on year. Net profit attributable to parent increased from 397 million yuan to 2.009 billion yuan, up substantially 405.40% year on year.

In its annual report, Guolian Minsheng stated that the company achieved positive growth in five areas: brokerage and wealth management business, investment banking business, asset management and investment business, credit trading business, and securities investment business. Among them, the securities investment business had the largest increase, growing 858.34% year on year.

In 2025, the company paid 24.7822 million yuan in total compensation to executives. Among them, Vice President Xu Chun received the highest compensation of 2.4225 million yuan. Xu Chun previously worked at Changjiang Securities. In 2023, Xu Chun took office at Guolian Securities, and at age 36 he began serving as the company’s vice president.

In the merger and restructuring of Guolian Securities and Minsheng Securities, Xu Chun did not leave the company, but continued to serve as the company’s vice president. Whether among the veteran staff within Guolian Securities or across the entire management team of Guolian Minsheng, Xu Chun’s compensation is the highest—higher than President Dong Xiaobo’s 203.47 million yuan. However, his high compensation must have a reason; it is probably due to strong performance.

Liu Qing, Director of the Finance Department of Operator Finance Network, said that in 2025 Guolian Minsheng completed its final official name change and executive adjustments. After integrating Guolian Securities and Minsheng Securities, although it has not yet moved into the industry’s top-tier peer group, it already has the scale and strength of a large securities firm. The company’s development in 2026 still needs to be tested by the market.

(Editor: Fu Zhen)

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