TF Securities(SH:601162) Di Yi Cai Jing·2026-02-13 11:01Core Viewpoint - Tianfeng Securities has been penalized by the Hubei Securities Regulatory Bureau for illegal financing and information disclosure violations related to its dealings with Wuhan Contemporary Technology Industry Group Co., Ltd, resulting in a total fine of 25 million yuan and additional penalties for nine responsible individuals totaling 34.8 million yuan [2][3]. Group 1: Regulatory Actions - The Hubei Securities Regulatory Bureau plans to suspend Tianfeng Securities' private placement financial product sales for two years [3]. - Tianfeng Securities is under investigation again for alleged violations regarding shareholding changes at Fujian Yong'an Forestry (Group) Co., Ltd [3]. - The company was previously investigated in November 2022 for similar violations related to information disclosure and illegal financing [3]. Group 2: Financial and Operational Impact - From 2020 to 2022, Tianfeng Securities illegally provided financing to Contemporary Group and failed to disclose related party transactions as required, which severely violated securities laws [3]. - In 2022, Contemporary Group repaid a total of 1.903 billion yuan in principal and 106 million yuan in interest, with all funds returned by the end of the year [4]. - Following the penalties, Tianfeng Securities stated that its operations are normal and that it is focusing on compliance and business development [4]. Group 3: Ownership Changes - In October 2022, Hongtai Group became the controlling shareholder of Tianfeng Securities, with approval from the Securities Regulatory Commission by the end of the year [5]. - By June 2025, Tianfeng Securities is expected to complete a 4 billion yuan private placement fully subscribed by Hongtai Group, increasing its shareholding to 28.14% [5]. Group 4: Performance Outlook - Tianfeng Securities anticipates a net profit attributable to shareholders of between 125 million and 185 million yuan, indicating a turnaround from previous losses [6].