国资控股升至75.4%！东莞证券更新招股书

Core Insights - Dongguan Securities has updated its prospectus, which has attracted significant market attention due to changes in financial data and a major adjustment in its equity structure [2][3] Equity Structure - The equity relationship of Dongguan Securities has fundamentally changed, with a state-owned consortium led by Dongguan Holdings and Dongguan Jin Kong Group acquiring a 20% stake from Jinlong Co. for 2.272 billion yuan [2] - Following this transaction, the consortium's total shareholding increased from 55.4% to 75.4%, allowing the Dongguan State-owned Assets Supervision and Administration Commission to achieve absolute control over Dongguan Securities [2] - Previously, the fragmented shareholding structure, with Jinlong Co. as the largest shareholder at 40%, was seen as a key obstacle to the company's IPO [2] Performance Outlook - Dongguan Securities is expected to report total operating revenue between 2.344 billion yuan and 2.591 billion yuan for the period from January to September 2025, representing a year-on-year growth of 44.93% to 60.18% [3] - The net profit is projected to be between 862 million yuan and 953 million yuan, with a year-on-year increase of 77.77% to 96.48% [3] - The update of the prospectus is viewed as a significant milestone in the company's development, signaling its readiness to face challenges in the capital market [3]