Northeast Securities(SZ:000686) Zhong Guo Ji Jin Bao·2025-11-01 05:19Core Viewpoint - Northeast Securities announced that its subsidiary Bohai Futures and its wholly-owned subsidiaries are being prosecuted for manipulating the futures market, specifically in the "4.7 manipulation case" [1][2] Group 1: Company Operations - The operating conditions of the subsidiaries remain normal, and the case is not expected to have a significant adverse impact on their business activities, financial status, or debt repayment capabilities [2] - During the prosecution review period, the subsidiaries will actively cooperate with judicial authorities [2] Group 2: Previous Penalties - Bohai Rongxing, the subsidiary being prosecuted, was previously fined over 20 million yuan for manipulating futures contracts and was under investigation by the CSRC since December 2021 [3][4] - The CSRC's notice indicated that Bohai Rongxing and its personnel engaged in illegal activities that resulted in illegal gains of 10.1976 million yuan from January 2021 [4] Group 3: Financial Performance - Bohai Futures' revenue for 2024 was reported at 2.331 billion yuan, with a net loss of approximately 300 million yuan, influenced by a 14.99% decrease in trading volume and over 20 million yuan in penalties [6][7] - In 2023, Bohai Futures had a revenue of 2.824 billion yuan and a net profit of about 170 million yuan, while in 2022, the revenue was 1.973 billion yuan with a net profit of 10 million yuan [7]