Sou Hu Cai Jing·2025-07-18 06:46Core Viewpoint - Guangxi Yuancheng Investment Group's auction of 23.96 million shares of Hualong Securities failed to attract bids, starting at a price of 74.52 million yuan, which garnered over 800 views [2] Group 1: Company Overview - Hualong Securities was established on April 30, 2001, with a registered capital of 6.335 billion yuan, and its business scope includes securities brokerage and investment consulting [2] - The major shareholder is Gansu Financial Holding Group Co., Ltd., holding 19.45% of the shares [2] Group 2: IPO Progress - Hualong Securities is currently pursuing an IPO on the Shanghai Main Board, having initiated the IPO counseling record in November 2017 and received acceptance in March 2023 [2] - The underwriting institution is CITIC Securities, with representatives Li Xiaoli and Lü Chao involved in the process [2] Group 3: Regulatory Response - In response to the first round of inquiries from the Shanghai Stock Exchange, Hualong Securities and CITIC Securities submitted a 699-page document addressing 23 areas of concern, including administrative penalties, litigation, regulatory ratings, shareholders, control, and competition [2][3] Group 4: Business Performance - As of June 2022, Hualong Securities had established 18 branches and 79 securities business departments across various provinces, creating a nationwide business network [4] - The company reported revenues of 2.092 billion yuan, 1.908 billion yuan, and 1.886 billion yuan for the years 2019, 2020, and 2021, respectively, with net profits of 358 million yuan, 491 million yuan, and 724 million yuan [4]