The subsidiary of Hithink Royalflush Information Network Co.Ltd(300033) (300033) was taken administrative supervision measures by Zhejiang Securities Regulatory Bureau due to problems such as stock recommendation software registration and false publicity.
On December 28, Hithink Royalflush Information Network Co.Ltd(300033) announced that after verification by Zhejiang securities regulatory bureau, the subsidiary Zhejiang Hithink Royalflush Information Network Co.Ltd(300033) cloud Software Co., Ltd. (hereinafter referred to as “cloud software company”) received the decision on administrative supervision measures due to five violations. Specifically:
First, the stock recommendation software developed and sold is dominated by personnel who are not registered as securities investment advisers.
Second, some marketing and service personnel exaggerate, falsely publicize and promise income in disguise. Some personnel providing investment advice are not registered as securities investment consultants, and individual marketing personnel privately charge customers’ fees.
Third, in the business promotion link, without risk assessment of customers, i.e. recommending specific software to customers, there are loopholes in investor appropriateness management.
Fourth, it failed to report the change of the company’s person in charge to Zhejiang Securities Regulatory Bureau on time.
Fifthly, “Tongshun” is a public platform for providing investment consulting services. As the operating entity, cloud software company fails to fulfill the compliance management responsibility for the investment consulting services involved in “Tongshun”.
Zhejiang securities regulatory bureau said that the above acts violated the relevant provisions of the Interim Measures for the administration of securities and futures investment consulting, the Interim Provisions on securities investment consulting business and the Interim Provisions on strengthening the supervision of using “stock recommendation software” to engage in securities investment consulting business. According to the regulations, it is decided to order the cloud software company to correct the above problems.
Zhejiang Securities Regulatory Bureau further pointed out that cloud software company should take effective measures to protect the legitimate rights and interests of investors in the first place of rectification, submit a written report to Zhejiang securities regulatory bureau within one month from the date of receiving the decision, and accept inspection and acceptance.
It is worth mentioning that in October this year, due to the abnormal problem of app, Hithink Royalflush Information Network Co.Ltd(300033) another wholly-owned subsidiary, Zhejiang Hithink Royalflush Information Network Co.Ltd(300033) Network Technology Co., Ltd. (hereinafter referred to as “network technology company”), also received the decision on administrative supervision measures from Zhejiang securities regulatory bureau.
On October 28, Hithink Royalflush Information Network Co.Ltd(300033) announced that on the morning of October 28, Zhejiang Securities Regulatory Bureau found that the ” Hithink Royalflush Information Network Co.Ltd(300033) ” app operated by network technology companies was abnormal, and there were public opinion events in Sina Weibo and other media, which had a serious impact on the market. The network technology company did not immediately report the above information system abnormalities. After the staff of Jiang securities regulatory bureau learned about the relevant conditions from the network technology company, as of 3:00 p.m. of the same day, the network technology company had not reported the causes and disposal of the information system abnormalities to Jiang securities regulatory bureau.
At that time, Zhejiang securities regulatory bureau pointed out that the above-mentioned acts violated the relevant provisions of the information technology management measures for securities fund operating institutions, reflecting that the information security risk management of network technology companies was not in place. According to the regulations, it is decided to take the supervision and management measures of issuing warning letters to network technology companies and record them in the integrity archives of the securities and futures market.
On the morning of October 28, ” Hithink Royalflush Information Network Co.Ltd(300033) collapsed” rushed to the first place in the microblog hot search list.
At that time, many users reported on the social platform that there were login exceptions when using the stock speculation software Hithink Royalflush Information Network Co.Ltd(300033) app, abnormal display of software data such as optional shares, and inability to view trading accounts.
Near midday, Hithink Royalflush Information Network Co.Ltd(300033) responded on its microblog: “due to abnormal network lines, some users of Hithink Royalflush Information Network Co.Ltd(300033) app have abnormal login, which has been restored. If individual users still have problems, please feel free to contact us. We apologize for the inconvenience caused to users.”
However, Hithink Royalflush Information Network Co.Ltd(300033) APP downtime was behind a large number of investors make complaints about the hot search, but also reflects the Hithink Royalflush Information Network Co.Ltd(300033) huge user groups.
According to the semi annual report of Hithink Royalflush Information Network Co.Ltd(300033) 2021, as for individual users, as of June 30, 2021, Hithink Royalflush Information Network Co.Ltd(300033) financial service network had about 573 million registered users, the average number of free clients using Hithink Royalflush Information Network Co.Ltd(300033) online market every day was about 14.37 million, and the number of active users per week was about 18.79 million.
In terms of performance, the third quarterly report of Hithink Royalflush Information Network Co.Ltd(300033) shows that in the first three quarters of this year, Hithink Royalflush Information Network Co.Ltd(300033) achieved a revenue of 2.185 billion yuan, an increase of 31.29% year-on-year (compared with the same period last year).
In terms of net profit attributable to shareholders of listed companies (hereinafter referred to as “net profit”), a total of 991 million yuan was realized in the first three quarters, a year-on-year increase of 28.31%. Among them, the net profit attributable to shareholders of Listed Companies in the third quarter was 413 million yuan, a year-on-year increase of 24.19%.
The data show that although the performance of Hithink Royalflush Information Network Co.Ltd(300033) declined in 2017 and 2018, the performance disclosed in the semi annual report and annual report has continued to rise since 2019.
As of the closing on December 28, Hithink Royalflush Information Network Co.Ltd(300033) closed at 141.48 yuan / share, up 3.58%.
(surging News)
