Shanxi Securities cut spending last year by 40%

The past 2010 for Shanxi Securities (002500, closing price of 10.62 yuan), is undoubtedly an extremely important year. Although after a number of twists and turns, but Shanxi securities still smooth in the November 15 landed in Shenzhen SME board, to become the first listed securities companies.　　But for employees in Shanxi Securities, 2010 may not be so pleasant. Yesterday (January 19), Shanxi Securities on the Chinese currency online published 2010 Years of unaudited annual report.　　The daily economic news reporter after the calculation found that the 2010 Shanxi Securities employees of the average wage of 211,600 yuan, down 40.84% year-on-year, per capita income has returned to the 2008 Big bear market level. Last year, the average wage of 210,000 down 40% 2010, Shanxi Securities to achieve the annual operating income of 1.182 billion yuan, a decline of 21.83% from 2009, the realization of the net profit of 445 million yuan, the year-on-year decline of 28.69%, the overall performance is not satisfactory.　　Especially in last December, that is, the second month after the listing, Shanxi Securities also appeared the performance "Face", a single monthly loss of more than 9 million yuan. Despite the successful IPO in the A-share market, the net capital of Shanxi Securities has grown rapidly, From the middle of 2010 to increase the 1.658 billion yuan to 4.826 billion yuan, but due to poor operating performance throughout the year, Shanxi securities staff of the waist is not listed as a result of the company to get much benefit: 2010, Shanxi Securities Workers compensation costs of 245 million yuan.　　The company's prospectus shows that 2009 employees pay 368 million yuan, which is to say that in 2010, the company's staff salary cost fell by 33.42%, or even higher than the company's net profit decline. It is worth mentioning that, after consulting the prospectus, we found that the number of employees in Shanxi Securities increased in 2010 compared with 2009. At the end of 2009, the number of employees was 1029 (the parent company caliber), and by the end of June 2010, it had increased to 1158 people.　　According to the above data estimates, Shanxi Securities 2009 employees average wages of 357700 yuan, and 2010 only 211,600 yuan, the decline of up to 40.84%. However, more than 200,000 of annual salary in Shanxi still belong to a higher level. Shanxi statistical Information Network data show that 2010 years ago three quarter, Shanxi urban households total income of 12215.49 yuan.　　It can be seen that the income of Shanxi securities employees is already a number of times the level of local per capita. Income level back to 2008 "securities companies are fed." Due to the 2010 brokerage battle between brokers, securities companies continue to decline profitability, coupled with the stock market has been volatile, securities brokers are difficult to form a profit-making effect; everyone's expectations for the 2011 are not very good, so some small and medium-sized brokers do exist to reduce the cost of the initiative, especially for some bad business or departments.　　An insider told the Daily Economic news yesterday. But he also pointed out that Shanxi securities workersA decline of 40% in the industry should be relatively rare. "The 2010 securities industry was not the worst year, and all 106 securities companies were profitable." In addition to the inflation factor, the general brokerage will not significantly reduce staff pay. "The reporter uses the prospectus data to calculate also discovered, in 2007 stock market most hot year, Shanxi securities per capita annual salary is 191,500 yuan; In 2008, the most difficult year of the A-share market, Shanxi securities per capita wage slightly increased to 211,900 yuan.　　That is to say, 2010 Shanxi Securities employees back to the big bear market when the income level. On the other hand, cutting wages has made a significant contribution to the financial statements of Shanxi securities.　　With many brokerages because of "happy enclosure" expansion, resulting in a significant increase in fees and charges, Shanxi securities operating expenditure significantly reduced from 2009 to 699 million yuan to 593 million yuan, the decline of 15.16%. Yesterday afternoon, "Daily economic news" reporter called Shanxi Securities Dong Office, want to talk about the above issues with the company. But the staff said that both Mr Tung and the securities representative were out of the office. As of press, the reporter still failed to get in touch with the company.