FCSC(002797)2025-03-07 10:46Group 1: Company Development Strategy - The company prioritizes functionality and adheres to a "customer-centric" business philosophy, aiming to enhance its service capabilities for the real economy and wealth management [4] - The company is actively exploring financial technology innovations to improve comprehensive financial service levels [4] Group 2: Industry Trends and Competition - The industry is experiencing horizontal integration, with policies supporting mergers and acquisitions to enhance core competitiveness among leading institutions [5] - Mid-sized brokerages are encouraged to develop differentiated competitive advantages to achieve high-quality growth amidst increasing competition [5] Group 3: Artificial Intelligence and Technology Deployment - The company has deployed large models, including DeepSeek, to improve operational efficiency and expand application scenarios in the securities field [6] - Focus areas in AI include text element extraction, customer service assistance, and the development of intelligent systems [6] Group 4: Fixed Income Business Strategy - The company emphasizes customer-driven secondary trading services in its fixed income business, maintaining a flexible duration based on market changes [7][8] - Continuous investment in trading talent and research capabilities is planned to enhance market assessment and pricing abilities [9] Group 5: Asset Management Business Outlook - The company has established a competitive advantage in fixed income asset management, with expectations for steady growth in the asset management sector over the next 3 to 5 years [10] - The asset management model is expected to diversify, with an increasing focus on equity products and multi-asset strategies [10] Group 6: FOF, REITs, and ABS Business Development - The company is enhancing its FOF business, focusing on multi-asset and multi-strategy configurations, while also actively developing public REITs [11][12] - The ABS business is centered around various debt asset types, providing customized solutions to meet client needs [12] Group 7: Brokerage Business Performance - Since the third quarter of last year, the company has seen a significant increase in new accounts and trading volume, reflecting a successful wealth management transformation [13] Group 8: Future Growth Points - The company aims to consolidate its traditional business advantages while deepening transformation and enhancing financial technology capabilities to better serve the real economy [14]