东莞证券7次更新招股书：受理两年半未获问询，上半年IPO项目挂零

Core Viewpoint - Dongguan Securities has been in the process of its IPO for 10 years and remains in the accepted status with no progress in the last 2.5 years [2][3]. Group 1: IPO Process - Dongguan Securities submitted its IPO application to the China Securities Regulatory Commission (CSRC) in June 2015, which was officially accepted [3]. - The IPO review was suspended in May 2017 and only resumed in February 2021, with the company passing the initial review in February 2022 [3]. - The company has updated its prospectus seven times since submitting its IPO application in March 2023, but has yet to receive any inquiries [4]. Group 2: Financial Information - The expected fundraising amount for the IPO is approximately 3.09487 billion yuan [3]. - As of the end of 2022, the total assets of Dongguan Securities were approximately 52.63 billion yuan, with a net profit of about 7.91 billion yuan [6]. - The company's revenue for 2022 was approximately 2.299 billion yuan, with net profits projected to be 6.35 billion yuan for 2023 and 9.23 billion yuan for 2024 [6]. Group 3: Business Operations - Dongguan Securities primarily engages in securities brokerage, investment consulting, financial advisory related to securities transactions, and underwriting and sponsorship [5]. - The company reported zero IPOs in the first half of 2025, with investment banking revenue of 0.55 billion yuan, while it had 2.19 billion yuan in 2024 [7].