十年旧案追责遭6000万重罚！东海证券回应IPO之路：仍将全力推动

Core Viewpoint - Donghai Securities has been fined 60 million yuan by the China Securities Regulatory Commission (CSRC) for significant omissions and false records in its role as an independent financial advisor during the major asset restructuring of Jinzhu Cihang Group in 2015, which is 2.55 times its net profit for 2024 [2][3][13] Summary by Relevant Sections Regulatory Actions - The CSRC found that Donghai Securities failed to diligently fulfill its responsibilities as an independent financial advisor, including not reassigning the financial advisor for ongoing supervision and not adequately verifying the performance commitments of the target company [5][9] - The penalty consists of a business income confiscation of 15 million yuan and a fine of 45 million yuan [5] Company Response and Remediation - Donghai Securities has established a specialized committee for investment banking to manage its investment banking business uniformly and has implemented a comprehensive internal control structure [4][6] - The company is committed to rectifying the issues identified by the CSRC and has outlined six specific areas of improvement [6][7] IPO Progress and Market Impact - Despite the hefty fine, Donghai Securities does not view this as a fatal obstacle to its IPO process and continues to pursue its goal of listing on the A-share market [4][11] - The company has been under guidance for its IPO since March 2022 and is focusing on governance, compliance, and internal controls [8][11] Financial Performance - In the first half of 2025, Donghai Securities reported a revenue of 815 million yuan, a year-on-year increase of 38.07%, and a net profit of 106 million yuan, up 231.01% [12] - The 60 million yuan fine significantly exceeds the company's annual net profit, indicating a heavy compliance cost [13]