股权落定的同时，东莞证券核心管理层的"补位"也已完成。2025年2月，原招商证券资管总经理杨阳出 任公司总裁，填补了这一职位的长期空缺。作为金融行业的资深从业者，杨阳的到来不仅完善了公司治 理架构，更在财富管理战略上带来了新思路。在9月举办的2025中国证券业财富经纪高峰论坛上，杨阳 明确提出，券商开展财富管理应回归本质优势，围绕交易与风险管理能力打造差异化竞争力，走"券商 特色"路线。以东莞证券为例，其当前并未盲目跟风头部券商的基金投顾模式，而是选择优先聚焦交易 环节，计划通过加大ETF做市业务投入、打造最优ETF交易环境，吸引零售与机构客户，以流动性激活 在A股券商IPO进程中，东莞证券的身影始终备受关注。近日，这家扎根粤港澳大湾区的券商第七次更 新招股书，不仅亮出了超预期的业绩答卷，更以国资控股格局的深化、核心管理层的落定，勾勒出一幅 差异化发展蓝图。从股权结构的根本性调整，到财富管理赛道的特色布局，东莞证券正以多重变革，为 其IPO之路注入新的想象空间。 ETF生态，再逐步培育财富管理业务。这一"先筑根基、再谋拓展"的策略，既避开了与头部机构的直接 同质化竞争，也精准契合了公司在交易领域的传统优势。 ...

Core Viewpoint - Dongguan Securities has updated its prospectus for the seventh time, revealing significant growth in revenue and net profit for the first nine months of the year, alongside a change in major shareholders and the appointment of a new president [1][4][6]. Financial Performance - For the period from January to September 2023, Dongguan Securities expects total operating revenue to be between 2.344 billion and 2.591 billion yuan, representing a year-on-year growth of 44.93% to 60.18% [1][4]. - The net profit for the same period is projected to be between 862 million and 953 million yuan, with a year-on-year increase of 77.77% to 96.48% [1][4]. - The company's revenue for 2022 was 2.299 billion yuan, with net profit at 791 million yuan, while projections for 2023 show a recovery with expected revenue of 2.753 billion yuan and net profit of 923 million yuan in 2024 [4]. Business Structure and Strategy - Dongguan Securities' main source of income is from commission and fee income, which includes net income from securities brokerage, futures brokerage, investment banking, and asset management, accounting for 62.63% to 56.69% of total revenue from 2022 to mid-2025 [4][7]. - The company plans to issue up to 500 million A-shares to raise capital, which will be used to support its main business development and enhance its operational stability [7]. Shareholder Changes - In June 2023, Dongguan Securities completed a change in major shareholders, with Dongguan State-owned Assets holding increasing from 55.4% to 75.4%, thus becoming the absolute majority shareholder [1][7]. - The acquisition involved a 2.272 billion yuan purchase of a 20% stake from Jinlong Shares, leading to a significant shift in the company's ownership structure [7]. Leadership Changes - The company appointed Yang Yang, former general manager of asset management at China Merchants Securities, as the new president in February 2023 [1][7]. - The chairman of Dongguan Securities, Chen Zhaoxing, has also been appointed as the chairman of Dongguan Investment Group, which reflects a consolidation of leadership within the company [9].