TF Securities(SH:601162) Guan Cha Zhe Wang·2025-12-01 03:47Group 1 - Tianfeng Securities opened nearly 9% lower on December 1, with a decline of nearly 7% by the time of reporting, following the announcement of a formal investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure and illegal financing [1][4] - The investigation is linked to the 2022 annual report, which disclosed that the former major shareholder, Wuhan Dongdai Technology Industry Group Co., Ltd., had occupied company funds through third parties, with all funds and interest returned by the end of 2022 [4] - The investigation marks a complete severance of historical issues between Tianfeng Securities and the former major shareholder, as Hubei Guozhi Hongtai Group officially took control of Tianfeng Securities in 2023, holding 28.33% of the shares [4] Group 2 - Tianfeng Securities, established in 2000 and headquartered in Wuhan, is the only provincial-level securities company in Hubei, with a registered capital of 10.074 billion yuan [4] - For the first three quarters of 2023, Tianfeng Securities reported an operating income of 2.112 billion yuan, a year-on-year increase of 57.53%, and a net profit attributable to shareholders of 153 million yuan [4] - Former chairman Yu Lei is under investigation for allegedly transferring significant benefits to the former Secretary of the Hubei Provincial Committee, Jiang Chaoliang, during the company's listing period [5]