Nanhua Futures (02691) impressive performance in the first quarter of 2026: both revenue and net profit saw a substantial increase, with strong resilience driven by both domestic and international factors.

On the evening of April 20th, Nanhua Futures (603093.SH, 02691) disclosed its operating data for the first quarter of 2026, officially releasing the industry's first quarterly performance report. The data shows that the company achieved operating income of 430 million yuan in the first quarter, a year-on-year increase of 60%; net profit of 204 million yuan, a significant year-on-year increase of 138%, with a weighted average return on net assets reaching 3.6%. The impressive performance fully confirms that Nanhua Futures' "domestic foundation, overseas breakthrough" dual-drive strategy has gradually entered the harvest period. Domestic foundation: Strengthening basic business, synergizing multiple business lines In the first quarter, with the recovery of the domestic capital market, Nanhua Futures leveraged its local resources and professional service advantages to continuously strengthen its basic business foundation, providing stable support for performance growth. It is reported that Nanhua Futures continuously improved its customer segmentation service system and optimized trading system response efficiency to achieve steady growth in customer equity and revenue. Faced with challenges such as pressure on futures brokerage commission rates and intensified competition in the industry, Nanhua Futures proactively optimized its business structure, focusing on institutional and industrial clients: on one hand, deepening cooperation with financial institutions such as private equity, insurance, and securities, continuously expanding the special legal client base; on the other hand, increasing service efforts for listed companies and industry leaders to strengthen customer stickiness with comprehensive financial services such as delivery and hedging. At the same time, Nanhua Futures vigorously promoted innovative businesses such as basis trading, over-the-counter derivatives, and market-making operations, and responded to industry challenges brought by low interest rate environments and regulatory rule adjustments through refined operations, achieving synergy among brokerage, risk management, and wealth management business lines, with domestic operations maintaining a stable upward trend. Overseas breakthrough: From "going out" to "going in," expanding the European and American territories The international market has become an important growth pole for Nanhua Futures. During the reporting period, Nanhua Futures accelerated the linkage of global branches and product adaptation, significantly strengthened customer coverage and business penetration in the European and North American markets, and continuously improved the business capabilities of overseas subsidiaries within local regulatory frameworks. This structural breakthrough marks the company's shift from "going out" to "going in," laying a solid foundation for the medium and long-term "deep internationalization" strategy. In recent years, the internationalization of the Chinese futures market has accelerated significantly, including mechanisms such as QFII participating in commodity futures, and overseas exchanges listing "Chinese price" contracts, continuously enhancing global influence. Currently, Nanhua Futures' overseas licensing system continues to upgrade, having accumulated 19 member qualifications including CME Group, LME, HKEX, SGX, Eurex, and 15 clearing member seats, covering futures, securities, asset management, foreign exchange, and other business fields, ranking among the top Chinese futures institutions. Precise empowerment: Monitoring the fluctuations of bulk commodities, empowering entity risk management Against the backdrop of geopolitical and supply chain restructuring, the strategic attributes of bulk commodities are becoming increasingly prominent, with sectors such as energy and precious metals maintaining high volatility, and the demand for entity risk management by real enterprises continuing to rise. As an important risk management platform, the futures market assists enterprises in locking in costs and smoothing profits through tools such as forward pricing and hedging, transforming market uncertainty into manageable operating indicators. According to reports, leveraging its professional research pricing capabilities and product design advantages, Nanhua Futures provides efficient derivative risk management solutions for real enterprises and institutional investors, helping customers effectively hedge price risks, seize market opportunities, drive the activity and customer contribution of related businesses, and effectively fulfill the core mission of financial services to the real economy. Strategic strength: Adhering to dual-drive, building a world-class derivatives service provider "The first-quarter performance has validated the effectiveness of the 'dual-drive' model of domestic and overseas operations." said a person in charge of Nanhua Futures, "Looking ahead, we will firmly anchor the direction of 'deep internationalization,' while consolidating the local basic position, further increase resource allocation and strategic investment in overseas advantage areas. We will actively integrate into the country's 'Belt and Road' initiative and the high-level opening-up layout, fully leverage our role as a 'connector' and 'hub'on one hand, serving as a guardian for Chinese clients going global, accompanying Chinese enterprises as they go global, providing all-weather, localized risk management and financial support along the Belt and Road and global markets; on the other hand, serving as a guide for foreign clients investing in China, building a convenient and efficient Global Top E-Commerce road, attracting more international capital to orderly allocate the Chinese market." Industry insiders point out that as China's futures market continues to deepen its opening to the outside world, futures companies with global service capabilities and cross-border resource integration capabilities will have greater development space. Leveraging the mature model of dual-drive operations at home and abroad and the continuous implementation of international layout, Nanhua Futures is expected to continue to play a benchmark role in serving the real economy and promoting financial opening, steadily moving towards the goal of becoming a global first-class comprehensive derivatives service provider.