1. Intensified industry competition: The securities industry where Huatai Securities is located is highly competitive. With the opening of the market and the intensification of competition, the company's market share and profitability will be affected.
2. Decline in performance: The performance of Huatai Securities is closely related to the rise and fall of the stock price. The company's poor performance caused the stock price to fall.
3. Market mood fluctuation: The mood fluctuation in the securities market will affect the stock price of Huatai Securities. When the market sentiment is depressed, investors reduce their investment in the company, which leads to the stock price falling.