天风证券被立案，涉嫌信披违法违规、违法提供融资

Group 1 - The core viewpoint of the article indicates that Tianfeng Securities is currently operating normally and is cooperating with the China Securities Regulatory Commission (CSRC) during the investigation related to the previous major shareholder's fund occupation issue [3] - The investigation is linked to the fund occupation matter disclosed in Tianfeng Securities' 2022 annual report, where the funds and interest were fully repaid by the end of 2022 [3] - The report highlights that the original major shareholder, Wuhan Contemporary Technology Industry Group Co., Ltd., occupied funds through third parties, and the market had anticipated the investigation as a matter of time [3] Group 2 - The regulatory investigation, while causing short-term reputational impact, is expected to clarify responsibilities and reduce uncertainties, allowing Tianfeng Securities to move forward without historical burdens [4] - The investigation signifies a complete separation from the historical issues associated with the former major shareholder, Contemporary Group [4] - For the first three quarters of 2025, Tianfeng Securities reported a total revenue increase of 57.53% to 2.112 billion yuan, with a net profit increase of 128.55% to 153 million yuan [4] - Breakdown of revenue shows that brokerage business net income rose from 518 million yuan to 772 million yuan, investment banking net income increased from 494 million yuan to 587 million yuan, and self-operated business net income slightly increased to 1.267 billion yuan, while credit business net loss narrowed to -95.4 million yuan from -133.4 million yuan [4]