13年IPO坎坷路(即)(的)(东)(方)(证)(券)(正)(在)(“过)(冬)(”。“往)(年)(还)(会)(发)(放)(年)(终)(奖)(,但)(从)(2011年)(后)(全)(没)(动)(静)(,都)(是)(为)(了)(上)(市)(做)(铺)(垫)(。”有)(业)(内)(人)(士)(分)(析)(,东)(方)(证)(券)(多)(年)(停)(发)(年)(终)(奖)(有)(粉)(饰)(财)(报)(之)(嫌)(。长)(江)(商)(报)(记)(者)(了)(解)(到)(,东)(方)(证)(券)(有)(上)(市)(夙)(愿)(已)(久)(。不)(过)(,2005年)(和)(2008年)(均)(在)(关)(键)(一)(年)(因)(业)(绩)(亏)(损)(铩)(羽)(而)(归)(。2014年)(末)(,券)(商)(板)(块)(整)(体)(走)(强)(,被)(业)(界)(称)(为)(“券)(商)(上)(市)(的)(好)(时)(机)(”,2014年)(12月)(9日)(,东)(方)(证)(券)(披)(露)(了)(新)(版)(招)(股)(书)(申)(报)(稿)(,如)(果)(顺)(利)(的)(话)(,酝)(酿)(了)(13年)(之)(久)(的)(IPO或)(将)(圆)(梦)(。业)(绩)(亏)(损)(两)(次)(IPO折)(戟)(“东)(方)(证)(券)(上)(市)(路)(其)(实)(十)(分)(崎)(岖)(。”东)(方)(证)(券)(一)(潘)(姓)(内)(部)(员)(工)(告)(诉)(长)(江)(商)(报)(记)(者)(,早)(在)(2001年)(,东)(方)(证)(券)(便)(已)(提)(出)(上)(市)(计)(划)(,于)(2003年)(完)(成)(首)(次)(增)(资)(扩)(股)(。就)(在)(公)(司)(上)(市)(前)(景)(愈)(见)(明)(朗)(时)(,2005年)(其)(净)(利)(润)(亏)(损)(3168.55万)(,上)(市)(之)(路)(因)(业)(绩)(亏)(损)(功)(亏)(一)(篑)(。东)(方)(证)(券)(再)(启)(上)(市)(计)(划)(是)(在)(2006年)(,拟)(定)(光)(大)(证)(券)(为)(保)(荐)(人)(。两)(年)(后)(,相)(同)(的)(悲)(剧)(再)(度)(上)(演)(。就)(在)(东)(方)(证)(券)(欲)(圆)(上)(市)(梦)(时)(,突)(遇)(2008年)(的)(全)(球)(金)(融)(危)(机)(,公)(司)(自)(营)(业)(务)(出)(现)(巨)(额)(亏)(损)(,上)(市)(公)(司)(“三)(年)(持)(续)(盈)(利)(”这)(一)(硬)(性)(指)(标)(将)(其)(挡)(在)(了)(上)(市)(门)(外)(。险)(陷)(76亿)(包)(销)(危)(机)(东)(方)(证)(券)(是)(长)(江)(证)(券)(增)(发)(的)(主)(承)(销)(商)(,按)(照)(计)(划)(该)(次)(增)(发)(将)(采)(取)(余)(额)(包)(销)(的)(方)(式)(进)(行)(。若)(无)(投)(资)(者)(参)(与)(配)(售)(,东)(方)(证)(券)(将)(以)(76亿)(元)(包)(销)(这)(些)(配)(股)(,成)(为)(长)(江)(证)(券)(的)(大)(股)(东)(,进)(而)(违)(反)(证)(监)(会)(“一)(参)(一)(控)(”的)(有)(关)(规)(定)(。如)(此)(高)(额)(的)(包)(销)(费)(用)(,势)(必)(将)(对)(东)(方)(证)(券)(2011年)(年)(度)(业)(绩)(产)(生)(不)(小)(的)(影)(响)(,这)(对)(当)(时)(欲)(求)(上)(市)(的)(东)(方)(证)(券)(来)(说)(无)(疑)(是)(燃)(眉)(之)(急)(。不)(过)(,好)(在)(该)(发)(行)(计)(划)(后)(来)(缩)(水)(,募)(集)(资)(金)(的)(总)(量)(也)(从)(76亿)(元)(,下)(调)(到)(25.34亿)(元)(。以)(东)(方)(证)(券)(为)(首)(的)(承)(销)(团)(仅)(包)(销)(了)(1.10亿)(股)(,占)(该)(发)(行)(总)(量)(的)(55.03%。成)(长)(性)(成)(IPO之)(路)(难)(题)(证)(监)(会)(2009年)(颁)(布)(《关)(于)(完)(善)(证)(券)(公)(司)(首)(次)(公)(开)(发)(行)(股)(票)(并)(上)(市)(有)(关)(审)(慎)(性)(监)(管)(要)(求)(的)(通)(知)(》将)(“具)(有)(良)(好)(的)(成)(长)(性)(”修)(正)(为)(“公)(司)(经)(纪)(业)(务)(、承)(销)(与)(保)(荐)(业)(务)(、资)(产)(管)(理)(行)(业)(等)(主)(要)(业)(务)(中)(,至)(少)(有)(一)(项)(业)(务)(净)(收)(入)(增)(长)(率)(近)(两)(年)(位)(于)(行)(业)(平)(均)(水)(平)(之)(上)(。”然)(而)(,一)(系)(列)(财)(务)(数)(据)(显)(示)(,东)(方)(证)(券)(无)(论)(在)(自)(营)(业)(务)(还)(是)(投)(资)(方)(面)(,持)(续)(增)(长)(性)(存)(在)(明)(显)(不)(足)(,“靠)(天)(吃)(饭)(”的)(券)(商)(特)(性)(被)(展)(现)(得)(淋)(漓)(尽)(致)(。IPO前)(夕)(现)(人)(事)(变)(革)(在)(递)(交)(招)(股)(说)(明)(书)(前)(夕)(,东)(方)(证)(券)(还)(迎)(来)(了)(新)(一)(轮)(人)(事)(调)(整)(。2014年)(10月)(后)(,宋)(雪)(枫)(接)(替)(肖)(银)(涛)(担)(任)(东)(方)(证)(券)(监)(事)(会)(主)(席)(。同)(时)(,董)(监)(事)(会)(换)(届)(以)(后)(,7人)(新)(进)(入)(董)(事)(会)(、监)(事)(会)(。东)(方)(证)(券)(内)(部)(知)(情)(人)(士)(透)(露)(,“宋)(雪)(枫)(出)(任)(监)(事)(会)(主)(席)(使)(得)(大)(股)(东)(申)(能)(集)(团)(对)(东)(方)(证)(券)(的)(控)(制)(力)(进)(一)(步)(加)(强)(。”据)(了)(解)(,东)(方)(证)(券)(除)(了)(独)(董)(以)(外)(的)(10名)(董)(事)(中)(,仅)(潘)(鑫)(军)(和)(金)(文)(忠)(是)(以)(公)(司)(高)(级)(领)(导)(的)(身)(份)(出)(任)(董)(事)(,其)(余)(8人)(董)(事)(均)(来)(自)(股)(东)(方)(。湖)(北)(阜)(华)(投)(资)(董)(事)(长)(陈)(阜)(东)(表)(示)(,“人)(事)(变)(动)(对)(核)(心)(经)(营)(团)(队)(造)(成)(实)(质)(性)(变)(化)(,进)(而)(影)(响)(到)(公)(司)(经)(营)(、管)(理)(、决)(策)(,使)(企)(业)(发)(生)(重)(大)(变)(化)(,将)(影)(响)(其)(上)(市)(。若)(仅)(为)(股)(东)(方)(代)(表)(发)(生)(变)(化)(,则)(对)(企)(业)(上)(市)(影)(响)(不)(大)(。”此)(外)(,按)(照)(东)(方)(证)(券)(现)(有)(的)(股)(东)(结)(构)(来)(看)(,如)(果)(东)(方)(证)(券)(能)(够)(顺)(利)(上)(市)(,不)(少)(参)(股)(的)(上)(市)(公)(司)(或)(将)(受)(益)(。最)(新)(预)(披)(露)(信)(息)(显)(示)(,参)(股)(东)(方)(证)(券)(的)(上)(市)(公)(司)(有)(长)(城)(信)(息)(、浦)(东)(金)(桥)(、上)(海)(九)(百)(和)(上)(海)(建)(工)(。其)(中)(,长)(城)(信)(息)(持)(有)(东)(方)(证)(券)(1.5亿)(股)(,占)(总)(股)(本)(4.84%。