On March 13, Tianfeng Securities Co.,Ltd. officially announced it had received the "Administrative Penalty Decision" issued by the Hubei Bureau of the China Securities Regulatory Commission. The penalty outcome is consistent with the prior "Advance Notice of Administrative Penalty," marking the full completion of the relevant regulatory procedures. The company expressed sincere acceptance and firm execution of the decision. This signifies the complete resolution of historical legacy risks, the solid implementation of comprehensive rectification measures, and stable, orderly business operations. The company has now shed its burdens and entered a new phase of steady development.
This penalty represents a thorough cleanup of historical issues stemming from the period of former private shareholders. Since the regulatory investigation began, the company has actively cooperated, proactively clarified facts, and assumed responsibility. With the formal issuance of the penalty decision, all related regulatory procedures are concluded. The long-standing historical burdens that constrained the company's development have been fully cleared, achieving a clean break from past risks and removing a key obstacle to high-quality development.
Following the entry of state-owned capital as the major shareholder, Tianfeng Securities has prioritized governance restructuring, systematically rebuilding its compliance and risk control framework. This includes strengthening the Party committee's preliminary review role, improving decision-making mechanisms for major matters, establishing compliance review mechanisms covering all business lines, enhancing consolidated supervision of subsidiaries, fostering a compliance culture, and reinforcing compliance responsibilities across the organization. To date, all related work has been completed on schedule and is effective, leading to a significant improvement in the company's compliance standards.
Market analysts noted that this event is not only a critical milestone for Tianfeng Securities in clearing risks but also holds significant exemplary value for the industry. The regulatory penalty, delivered in accordance with laws and regulations, clearly demonstrates the authorities' resolve to comprehensively strengthen supervision of securities firms and crack down on illegal activities. It further underscores the mandatory requirements for industry-wide compliance and standardized operations. Tianfeng's path to governance restructuring and risk resolution under state-owned control provides a practical reference for similar institutions in addressing historical burdens and improving governance systems, promoting an industry-wide shift from passive rectification to active compliance and from scale expansion to quality enhancement. One analyst stated that the risk clearance opens a new cycle of valuation recovery for Tianfeng Securities, with its investment value likely to regain market attention.
Currently, Tianfeng Securities possesses a clear ownership structure and effective, standardized governance. All main business operations are proceeding normally and have not been materially affected by this penalty. The company forecasts achieving a net profit attributable to shareholders of between 125 million yuan and 185 million yuan for the full year 2025, successfully returning to profitability and marking its best operational performance in nearly two years. During 2025, the company successfully completed a 4 billion yuan private placement, significantly strengthening its capital base. Operating under the principle of compliance, the company has focused on its main businesses, continuously enhancing its capacity to serve the real economy, with nearly 930 billion yuan in cumulative financing provided over the past three years. With the full support of its controlling shareholder, Hongtai Group, Tianfeng Securities has achieved "stable progress and improvements in both quality and efficiency" in operational recovery, capital strength, and service to the real economy, demonstrating clear results in its high-quality transformation.
Looking ahead, Tianfeng Securities will treat the conclusion of this historical risk episode as a new starting point. It will adhere to the core principles of compliant operations and steady development, continuously improving corporate governance, compliance, risk control, and professional service capabilities. The company will focus on its primary responsibilities and actively integrate into the broader context of supporting Hubei's development as a pivotal region, accelerating its role as a financial pillar serving Hubei's high-quality growth and contributing to the province's strategic position in the rise of central China.
