New Stock News | Nanhua Futures (603093.SH) held a hearing at the Hong Kong Stock Exchange, ranking eighth in total revenue among Chinese futures companies in 2024.

According to a disclosure by the Hong Kong Stock Exchange on December 2, Nanhua Futures Co., Ltd. (referred to as Nanhua Futures (603093.SH)) has conducted a listing hearing on the main board of the Hong Kong Stock Exchange, with CITIC SEC as the exclusive sponsor. The prospectus shows that Nanhua Futures is a leading futures company in China, providing global financial services to clients. According to a Frost & Sullivan report, the company ranked eighth in total revenue among all futures companies in China in 2024, and ranked first in total revenue among all non-financial institutions related to futures in 2024. The company's main focus is on providing futures and derivative services in the domestic and international markets in China. Established in 1996, Nanhua Futures is headquartered in Hangzhou, China, and has been dedicated to business development, technological applications, professional services, and strengthening internal controls over the years. Starting as a futures brokerage service provider in mainland China, the company has evolved into a comprehensive global financial services platform, offering services such as domestic futures brokerage, domestic risk management services, domestic wealth management, and overseas financial services, covering the value chain of futures and derivatives. Since 2006, the company has been one of the first mainland Chinese futures companies to actively implement an internationalization strategy. With a network of overseas branches in major financial centers, the company's services span across Asia, North America, and Europe, providing round-the-clock cross-market trading services. By integrating the company's platforms in mainland China and overseas, the company has successfully reduced the impact of any single market on its business operations. Nanhua Futures maintains a comprehensive and diversified business layout covering the main value chains of the futures and derivatives markets. The company's product portfolio includes various asset classes, including futures and spot commodities (including Shenzhen Agricultural Power Group, industrial products, energy and chemical products, and metals), as well as stocks and fixed income securities. From trade execution to risk management, and from wealth management to overseas financial services, the company provides end-to-end comprehensive services for these value chains, building a solid business framework. In terms of cross-border derivative business, the company has gained the trust of Chinese industrial clients and institutional clients. The number of corporate registered clients in the company's domestic futures brokerage business increased steadily from 4266 as of December 31, 2022, to 4672 as of December 31, 2023, a year-on-year increase of 9.5%. It further increased to 5089 as of December 31, 2024, a year-on-year increase of 8.9%, and increased to 5279 as of June 30, 2025, a six-month increase of 3.7%. The number of financial institution registered clients in the company's domestic futures brokerage business increased from 1140 as of December 22, 2022, to 1488 as of December 31, 2023, a year-on-year increase of 30.5%. It further increased to 1770 as of December 31, 2024, a year-on-year increase of 19.0%, and increased to 1872 as of June 30, 2025, a six-month increase of 5.8%. As of December 31, 2024, the client equity of the company's domestic futures brokerage business reached 31.6 billion RMB, an increase of 65.4% from December 31, 2022, while the compound annual growth rate of the Chinese futures industry was 1.9%. As of December 31, 2022, 2023, 2024, and June 30, 2025, the total client equity of the company's overseas futures, securities, and leveraged foreign exchange brokerage services was approximately 11.9 billion HKD, 12.5 billion HKD, 13.8 billion HKD, and 17.8 billion HKD respectively, while the AUM of the company's overseas asset management business was approximately 2.0 billion HKD, 2.3 billion HKD, 2.5 billion HKD, and 3.4 billion HKD respectively. In terms of finances, in the fiscal year 2022, 2023, 2024, and the six months ended June 30, 2025, Nanhua Futures achieved operating revenues of approximately 954 million, 1.293 billion, 1.355 billion, 675 million, and 593 million RMB respectively; while the annual/period profit for the same period was approximately 246 million, 403 million, 458 million, 230 million, and 231 million RMB respectively.