Gelonghui, March 15 | Ping An Securities Research Report pointed out that the annual results of Oriental Wealth (300059.SZ) were in line with expectations, the main business was under relative pressure, and the Q4 single quarter results were basically flat month-on-month. Since 2023, market trading sentiment has been weak, and conditions such as securities trading and new development funds have continued to be sluggish, hampering the company's performance. However, considering the company's user traffic and the advantages of the Internet wealth management business layout, I am optimistic about the long-term growth of the wealth management industry and company fundamentals. Recently, the company has accelerated the development and implementation of the AI big model, and the self-developed financial model has begun closed testing. In the future, it is expected to empower the company's product capabilities and operational capabilities and relieve the pressure of reducing fees and commissions. At the same time, the company also released a “double improvement in quality and return” action plan in February and completed a share repurchase of nearly 1 billion yuan. The release of this new round of draft equity incentive plans is also expected to further stimulate the enthusiasm and creativity of core talents and enhance market confidence. Maintaining a “recommended” rating based on the company's leading position in the wealth management and financial information services industry.