JLGF(SZ:000712) 2 1 Shi Ji Jing Ji Bao Dao·2025-06-27 12:25Core Viewpoint - The announcement by Jinlong Co., Ltd. regarding the transfer of shares in Dongguan Securities marks a significant shift in the ownership structure, with state-owned enterprises increasing their stake and Jinlong's position being reduced to the third largest shareholder [1][2]. Group 1: Shareholding Changes - Jinlong Co., Ltd. has completed the transfer of 300 million shares of Dongguan Securities, reducing its stake from 40% to 20%, thus becoming the third largest shareholder [1]. - Dongguan Financial Holdings Group and Dongguan Development Holdings will become the first and second largest shareholders, holding 32.90% and 27.1% of Dongguan Securities, respectively [2]. Group 2: IPO History - Dongguan Securities has faced a lengthy IPO process, having submitted its prospectus in June 2015, but the IPO was halted in May 2017 [3][4]. - After a four-year hiatus, the IPO review was resumed in February 2021, and the application was approved in February 2022, but it was again suspended due to issues with financial documentation [4]. Group 3: Financial Performance - Dongguan Securities reported revenues of 2.299 billion yuan and 2.155 billion yuan for 2022 and 2023, respectively, with net profits of 791 million yuan and 635 million yuan, both showing year-on-year declines [7]. - In 2024, Dongguan Securities experienced a revenue increase to 2.753 billion yuan, a 27.73% year-on-year growth, and net profit rose to 923 million yuan, up 45.4% [7]. - The company expects Q1 2025 revenues to be between 625 million yuan and 691 million yuan, representing a year-on-year growth of 40.65% to 55.45% [8].