Valuation continues to be under pressure, and market value management has become an urgent issue for securities firms.

On June 8, Guojin Securities announced that the company recently received a proposal from its controlling shareholder Changsha Yongjin regarding the repurchase of the company's shares. The controlling shareholder proposed that the company repurchase its shares through centralized bidding with its own funds, at a repurchase price not exceeding 13 yuan per share, with the total repurchase amount ranging from 150 million to 300 million yuan. Behind this move is the grim reality of a nearly 17% decline in the brokerage sector so far this year. Despite maintaining growth in the first quarter, brokerage sector stock prices have been continuously declining, and market value management has become an urgent issue facing the industry.