Core Viewpoint - 弘业期货 has shown a positive performance with a 1.68% increase in stock price, reaching a market capitalization of 10.955 billion yuan, indicating potential growth in the futures market [1]. Company Overview - 弘业期货股份有限公司 primarily engages in commodity futures brokerage, financial futures brokerage, futures investment consulting, asset management, fund sales, and financial asset investment [2][7]. - The company is the first A+H share listed company in the futures industry and is controlled by the Jiangsu Provincial Government State-owned Assets Supervision and Administration Commission [3][7]. - As of June 30, 2025, 弘业期货 reported a revenue of 0.00 yuan and a net profit of -3.6056 million yuan, reflecting a year-on-year decrease of 128.17% [7]. Financial Performance - The company has a total market capitalization of 10.955 billion yuan and a trading volume of 102 million yuan with a turnover rate of 1.24% [1]. - The average trading cost of the stock is 12.19 yuan, with the stock price approaching a resistance level of 10.97 yuan, suggesting a potential for upward movement if the resistance is broken [6]. - The company has distributed a total of 44.3422 million yuan in dividends since its A-share listing [8]. Shareholder Structure - As of June 30, 2025, the number of shareholders increased by 43.72% to 62,600, with the average circulating shares per person remaining at 0 [7]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, indicating a diversified shareholder base [8].

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of October 17, with Northeast Electric (00042) leading with a premium rate of 800.00% [1] - The article also discusses the deviation values of these stocks, indicating significant discrepancies between their A-shares and H-shares [1][2] Summary by Category Top AH Premium Rates - Northeast Electric (00042) has the highest premium rate at 800.00%, followed by Hongye Futures (03678) at 250.68% and Zhejiang Shibao (01057) at 245.26% [1] - Other notable mentions include Sinopec Oilfield Service (01033) with a premium rate of 238.36% and Andeli Juice (02218) at 236.87% [1] Bottom AH Premium Rates - The lowest premium rates are observed in Ningde Times (03750) at -17.74%, followed by Hengrui Medicine (01276) at -0.27% and China Merchants Bank (03968) at 1.59% [1] - Other companies with low premium rates include Midea Group (00300) at 7.52% and Zijin Mining (02899) at 10.86% [1] Top Deviation Values - The highest deviation values are recorded for Changfei Optical Fiber (06869) at 35.97%, Zhejiang Shibao (01057) at 24.67%, and Chenming Paper (01812) at 23.63% [1] - Other companies with significant deviation values include Hongye Futures (03678) at 21.99% and Nanjing Panda Electronics (00553) at 21.37% [1][2] Bottom Deviation Values - The lowest deviation values are seen in Shanghai Electric (02727) at -17.61%, China Southern Airlines (01055) at -12.86%, and China National Freight (00598) at -12.41% [1][2] - Northeast Electric (00042) also shows a negative deviation value of -10.29% [2]

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of October 16, with Northeast Electric (00042) leading with a premium rate of 770.97% [1] - The article also provides a detailed ranking of stocks based on their deviation values, indicating significant discrepancies between H-shares and A-shares [2] AH Premium Rate Rankings - Northeast Electric (00042) has the highest AH premium rate at 770.97%, followed by Hongye Futures (03678) at 243.57% and Zhejiang Shibao (01057) at 235.64% [1] - The lowest AH premium rates are recorded for Ningde Times (03750) at -17.41%, followed by Heng Rui Medicine (01276) at -2.37% and China Merchants Bank (03968) at 1.87% [1] Deviation Value Rankings - The top three stocks with the highest deviation values are Chenming Paper (01812) at 23.69%, Jieli Yongci (06680) at 22.33%, and Nanjing Panda Electronics (00553) at 21.48% [1] - The stocks with the lowest deviation values include Northeast Electric (00042) at -40.29%, Shanghai Electric (02727) at -24.14%, and China Southern Airlines (01055) at -12.55% [2]

Group 1 - The article highlights the top three and bottom three AH premium rates for various stocks as of October 15, with Northeast Electric (00042) leading at 770.97% and Ningde Times (03750) at -18.39% [1] - The top three stocks with the highest deviation values are Nanjing Panda Electronics (00553), Fudan Zhangjiang (01349), and Chenming Paper (01812), with values of 20.82%, 20.22%, and 16.04% respectively [1] - The bottom three stocks with the lowest deviation values include Northeast Electric (00042), Shanghai Electric (02727), and China National Foreign Trade (00598), with values of -41.76%, -28.14%, and -10.84% respectively [1] Group 2 - The top ten AH stocks by premium rate include companies like Hongye Futures (03678) and Fudan Zhangjiang (01349), with premium rates of 243.56% and 230.63% respectively [1] - The bottom ten AH stocks by premium rate feature companies such as Midea Group (00300) and Zijin Mining (02899), with premium rates of 6.25% and 10.78% respectively [1] - The article provides a detailed table of premium rates and deviation values for various stocks, indicating significant disparities between H-shares and A-shares [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 Holly Futures （ 於 中 華 人 民 共 和 國 （ 「 中 國 」 ） 註 冊 成 立 的 股 份 有 限 公 司 ， 中 文 公 司 名 稱 蘇 豪 弘 業 期 貨 股 份 有 限 公 司（前稱弘業期貨股份有限公司） ， 在 香 港 以 Holly Futures 的 名 義 開 展 業 務 ) 承董事會命 蘇豪弘業期貨股份有限公司 董事長兼執行董事 儲開榮先生 中 國，南 京 2025年10月14日 於 本 公 告 日 期，董 事 會 成 員 包 括 執 行 董 事 儲 開 榮 先 生 及 趙 偉 雄 先 生；非 執 行 董 事 薛 炳 海 先 生 及 蔣 海 英 女 士；以 及 獨 立 非 執 行 董 事 黃 德 春 先 生、盧 華 威 先 生 及 張 洪 發 先 生。 ( 「 本 公 司 」 ) （股 份 代 號：3678） ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 Holly Futures （ 於 中 華 人 民 共 和 國 （ 「 中 國 」 ） 註 冊 成 立 的 股 份 有 限 公 司 ， 中 文 公 司 名 稱 蘇 豪 弘 業 期 貨 股 份 有 限 公 司（前稱弘業期貨股份有限公司） ， 在 香 港 以 Holly Futures 的 名 義 開 展 業 務 ) ( 「 本 公 司 」 ) （股 份 代 號：3678） 董事會會議通知 本 公 司 董 事 會（「董事會」）謹 此 宣 佈，董 事 會 會 議 將 於2025年10月28日（星 期 二）舉 行，藉 以（其 中 包 括）審 議 及 批 准 本 公 司 及 其 附 屬 公 司 截 至2025年9月30日止九個 月 之 未 經 審 核 第 三 季 度 業 績 及 其 發 佈。 承董事會命 蘇豪弘業期貨股份有限公司 董事長兼執行董事 儲開榮先生 ...

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of October 14, with Northeast Electric (00042) leading with a premium rate of 770.97% [1] - The article also discusses the deviation values of these stocks, indicating significant discrepancies between their A-shares and H-shares [1] Summary by Category Top AH Premium Rates - Northeast Electric (00042) has the highest premium rate at 770.97%, followed by Hongye Futures (03678) at 244.85% and Zhejiang Shibao (01057) at 235.03% [1] - Other notable mentions include Sinopec Oilfield Service (01033) with a premium rate of 231.58% and Andeli Juice (02218) at 231.48% [1] Bottom AH Premium Rates - The stocks with the lowest AH premium rates include Ningde Times (03750) at -19.47%, followed by Hengrui Medicine (01276) at -0.26% and China Merchants Bank (03968) at 2.62% [1] - Other companies with low premium rates include Midea Group (00300) at 8.84% and Fuyao Glass (03606) at 14.22% [1] Top Deviation Values - The stocks with the highest deviation values include Jinli Permanent Magnet (06680) at 29.10%, Nanjing Panda Electronics (00553) at 24.56%, and Dazhong Public Utilities (01635) at 22.28% [1] - Other companies with significant deviation values are Zhejiang Shibao (01057) at 17.07% and Fudan Zhangjiang (01349) at 16.81% [1] Bottom Deviation Values - Northeast Electric (00042) has the lowest deviation value at -41.76%, followed by Shanghai Electric (02727) at -9.05% and China National Foreign Trade (00598) at -8.58% [1] - Other companies with low deviation values include COSCO Shipping Energy (01138) at -7.53% and Ningde Times (03750) at -6.00% [2]

Core Insights - The top three companies by Hong Kong Stock Connect holding ratios are Green Power Environmental (70.05%), China Telecom (69.96%), and COSCO Shipping Energy (68.73%) [1][2] - The companies with the largest increase in holding amounts over the last five trading days are Zijin Mining (+1 billion), Kuaishou (+0.981 billion), and Pop Mart (+0.624 billion) [1][2] - The companies with the largest decrease in holding amounts over the last five trading days are SMIC (-2.258 billion), Hua Hong Semiconductor (-1.222 billion), and Alibaba (-0.714 billion) [1][4] Hong Kong Stock Connect Holding Ratios - Green Power Environmental (01330) has a holding of 283 million shares, representing 70.05% [2] - China Telecom (00728) has a holding of 9.711 billion shares, representing 69.96% [2] - COSCO Shipping Energy (01138) has a holding of 891 million shares, representing 68.73% [2] - Other notable companies include Changfei Optical Fiber (06869) at 68.48% and China Shenhua (01088) at 67.25% [2] Recent Increases in Holdings - Zijin Mining (02899) saw an increase of 1 billion in holding amount, with a change of 29.19 million shares [2][4] - Kuaishou (01024) experienced an increase of 0.981 billion, with a change of 12.19 million shares [2][4] - Pop Mart (09992) had an increase of 0.624 billion, with a change of 2.39 million shares [2][4] Recent Decreases in Holdings - SMIC (00981) had a decrease of 2.258 billion in holding amount, with a change of 28.18 million shares [4] - Hua Hong Semiconductor (01347) saw a decrease of 1.222 billion, with a change of 13.86 million shares [4] - Alibaba (09988) experienced a decrease of 0.714 billion, with a change of 4.39 million shares [4]

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of October 13, with Northeast Electric (00042) leading with a premium rate of 757.14% [1][2]. AH Premium Rate Rankings - The top three stocks with the highest AH premium rates are: - Northeast Electric (00042) with a premium rate of 757.14% and a deviation value of -56.53% [2][3] - Hongye Futures (03678) with a premium rate of 233.76% and a deviation value of 4.65% [2] - Andeli Juice (02218) with a premium rate of 230.75% and a deviation value of 2.26% [2] - The bottom three stocks with the lowest AH premium rates are: - Ningde Times (03750) with a premium rate of -18.07% and a deviation value of -4.75% [2] - Heng Rui Medicine (01276) with a premium rate of -3.16% and a deviation value of -0.87% [2] - China Merchants Bank (03968) with a premium rate of 4.43% and a deviation value of -1.34% [2] Deviation Value Rankings - The top three stocks with the highest deviation values are: - Sanhua Intelligent Control (02050) with a deviation value of 20.82% [3] - COSCO Shipping Development (02866) with a deviation value of 17.57% [3] - Kanglong Chemical (03759) with a deviation value of 15.35% [3] - The bottom three stocks with the lowest deviation values are: - Northeast Electric (00042) with a deviation value of -56.53% [3] - Shanghai Electric (02727) with a deviation value of -21.93% [3] - Qin Port Co. (03369) with a deviation value of -11.51% [3]

Group 1 - The Chongqing Securities Regulatory Bureau issued a warning letter to Hongye Futures due to compliance risk management issues and internal control deficiencies [1] - Hongye Futures reported a significant decline in performance, with a revenue of 323 million yuan for the first half of 2025, down 68.64% year-on-year, and a net profit attributable to shareholders of -3.61 million yuan, a decrease of 128.17% [1] - As of June 30, 2025, Hongye Futures had a debt-to-asset ratio of 82.68%, down 3.31% year-on-year [1] Group 2 - Hongye Futures plans to close its Hefei branch to improve resource utilization and adapt to high-quality development, with related business being transferred to the Wuhu branch [2] - Prior to this, Hongye Futures also decided to close its Shanghai branch for similar reasons, with its business being integrated into the Shanghai subsidiary [2] - As of October 10, 2025, Hongye Futures' stock price increased by 0.82%, closing at 11.07 yuan per share, with a total market capitalization of 11.16 billion yuan [2]