After the end of the financial reporting season, listed companies, including securities firms, held annual and quarterly performance briefing sessions to strengthen interaction with investors and clarify the company's future development path. From the responses of multiple securities firms at the quarterly performance briefing, it can be seen that in 2024, they will focus on their main responsibilities, strengthen their functional positioning, and continue to promote technological transformation. Investors are also eager to receive mid-term dividends. Despite the decline in performance of most listed securities firms in the first quarter of 2024 due to multiple factors, recent positive signals such as improved liquidity in the A-share market and marginal rebound in market trading activity have emerged. Industry insiders hold a positive attitude towards the fundamental recovery of securities firms and suggest seizing opportunities for layout in three industries with merger and acquisition themes and regional advantages. On the afternoon of May 9th, First Entrepreneurial held an online performance briefing for its 2023 annual report and 2024 first quarter report, exchanging information with investors on the operating conditions of the entire year last year and the first quarter of this year. When discussing the plans for the next year, the company stated that it will continue to deepen the collaborative mechanism and promote the transformation of its main business, build core competitiveness, strive to expand the customer base, increase asset size, strengthen investment and research capabilities, enhance comprehensive financial service capabilities, and share specific business development plans such as fixed income, asset management, securities brokerage, and private equity fund management. Before starting their first venture, Hualin Securities and Dongwu Securities had already held online performance briefing sessions for the 2023 and first quarter of 2024. The performance briefing sessions for securities businesses such as Caitong Securities, Xingye Securities, and Guojin Securities were on the way. While sharing how to enhance their competitiveness in the future, securities firms also shared their plans and considerations on hot topics that investors are concerned about, such as wealth management transformation and mid-term dividends. Dongwu Securities stated that the company will focus on its main responsibilities and businesses, strengthen its functional positioning, firmly adhere to the path of specialization and refinement, and continuously improve the efficiency of financial services. Specific measures include expanding the base area nationwide, consolidating the responsibility of being the "gatekeeper" of the capital market, adhering to the business direction of "pulling the long board, strengthening the bottom board, and filling the gaps", achieving balanced and healthy development of various business lines, and focusing on endogenous momentum and improving value creation capabilities. The company also stated that it has requested the shareholders' meeting to authorize the board of directors to develop a mid-term dividend plan for 2024, subject to meeting the conditions for profit distribution. The total amount of cash dividends distributed shall not exceed 50% of the net profit attributable to the shareholders of the parent company in the current consolidated financial statements. Hualin Securities achieved double-digit revenue growth in the first quarter of 2024, and its net revenue from brokerage fees also increased year-on-year. When asked about new plans in the field of wealth management, the company responded that it will continue to promote technological transformation, improve customer profiles and upgrade wealth management apps, enhance user intelligence experience, and continuously strengthen online and offline integration to accelerate the activation of dormant customers and increase customer scale; In terms of product services, the company will continue to use asset management's own fixed income products and public bond products as reservoirs, while strengthening asset side construction and enriching asset allocation to help investors achieve asset preservation and appreciation. Board
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