Northeast Securities(SZ:000686) 中国基金报·2025-11-01 05:15Core Viewpoint - Northeast Securities' subsidiary, Bohai Futures, has been sent to the procuratorate for examination and prosecution due to involvement in a market manipulation case [2][4]. Group 1: Company Overview - Bohai Futures' subsidiaries, Bohai Rongsheng Capital Management and Bohai Rongxing (Shanghai) Trading Co., are implicated in the "4.7 market manipulation case" [2]. - The company announced that the operational status of its subsidiaries remains normal and that the case will not significantly impact their financial condition or debt repayment ability [4]. Group 2: Legal and Regulatory Issues - Bohai Rongxing was previously investigated by the CSRC for manipulating futures contracts, with the investigation initiated in December 2021 [6]. - In October 2024, the CSRC issued a notice detailing that Bohai Rongxing engaged in illegal activities from December 29, 2020, to January 15, 2021, resulting in illegal gains of approximately 10.2 million yuan [7][8]. - The CSRC plans to impose a total penalty of 20.2 million yuan on Bohai Rongxing, including the confiscation of illegal gains and fines for responsible individuals [8]. Group 3: Financial Performance - Bohai Futures has faced significant financial challenges, reporting a revenue of 2.331 billion yuan in 2024, a decline of 14.99% year-on-year, and a net loss of approximately 30 million yuan [10]. - In comparison, the company's revenue in 2023 was 2.824 billion yuan with a net profit of about 17 million yuan, and in 2022, it reported a revenue of 1.973 billion yuan with a net profit of around 10 million yuan [10].