五大违规！中航证券遭深交所书面警示

Group 1 - The Shenzhen Stock Exchange issued a regulatory letter to AVIC Securities regarding its role as a sponsor for Zhejiang Fanyuan Technology Co., Ltd.'s IPO application on September 28, 2022 [1] - AVIC Securities was found to have five violations during its sponsorship, including inadequate scrutiny of inventory management, R&D internal controls, insufficient fund flow verification, inadequate checks on transactions with Certus Group, and poor execution of verification procedures [2] - The Shenzhen Stock Exchange decided to impose a written warning on AVIC Securities and criticized the sponsoring representatives, Mao Jun and Chen Jing [4] Group 2 - AVIC Securities, established in 2002, has a shareholding structure where AVIC Investment holds 71.71% and AVIC Industrial Investment holds 28.29% as of the end of 2024 [4] - In 2024, AVIC Securities reported revenue of 1.307 billion yuan, a 22% increase year-on-year, and a net profit of 365 million yuan, a 161% increase year-on-year [4] - The company had 58 business offices and 17 branches by the end of last year, with net income from brokerage, investment banking, asset management, proprietary trading, and credit businesses reported as 340 million yuan, 138 million yuan, 56 million yuan, 367 million yuan, and 473 million yuan respectively [4] - The proprietary trading business was the main contributor to the company's performance, with a net income of 57 million yuan in 2023 [4] Group 3 - Since the beginning of 2024, AVIC Securities has sponsored a total of 7 projects, with 2 voluntarily withdrawn, resulting in a project withdrawal rate of 28.57% [5] - Currently, the company has 5 ongoing sponsored projects, including three private placement projects: AVIC Heavy Machinery, AVIC Shenyang Aircraft, and Zhenzhen Technology [5]