6月6日，中国证监会公布境外发行上市备案补充材料要求公示(2025年5月30日—2025年6月5日)。中国 证监会要求南华期货（603093）(603093.SH)补充说明公司境外业务开展及合规情况、本次发行募集资 金用于补充境外子公司资本金需要履行的监管程序及履行情况等。据港交所4月17日披露，南华期货递 表港交所主板，中信证券为其独家保荐人。 中国证监会请公司补充说明以下事项，并请律师进行核查并出具明确的法律意见: 二、请补充说明公司境外业务开展及合规情况，本次发行募集资金用于补充境外子公司资本金需要履行 的监管程序及履行情况。 三、请补充说明公司及下属公司开发、运营的网站、APP、小程序等产品情况，收集及储存的用户信息 规模、数据收集使用情况，是否涉及向第三方提供个人用户信息，上市前后个人信息保护和数据安全的 安排或措施。 招股书披露，南华期货是一家总部设于中国的专注于期货及衍生品的金融服务提供商。公司为实业客 户、金融机构及个人投资者提供全面且定制化的衍生品及风险管理服务，同时亦致力于为中国及境外投 资者提供更加多元化的财富管理服务。 根据弗若斯特沙利文报告，在中国，按2023年的总收入计，公司在所有 ...

公司股票价格短期涨幅较大，但公司基本面未发生重大变化，可能存在短期 涨幅较大后的下跌风险，敬请广大投资者注意二级市场交易风险，理性决策，审 慎投资。 三、媒体报道、市场传闻情况 证券代码：603093 证券简称：南华期货 公告编号：2025-034 南华期货股份有限公司股票交易风险提示公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 南华期货股份有限公司（以下简称"公司"）股票于 2025 年 5 月 30 日至 2025 年 6 月 4 日连续三个交易日内日收盘价格涨幅偏离值累计达到 20%，根据《上海 证券交易所交易规则》的相关规定，属于股票交易异常波动情形,公司已于 2025 年 6 月 5 日披露了《南华期货股份有限公司股票交易异常波动公告》（详见公司 2025-033 号公告）。2025 年 6 月 5 日,公司股票再次以涨停价收盘。鉴于短期内 公司股票价格涨幅较大，公司现对有关事项和风险说明如下，敬请广大投资者审 慎决策，注意二级市场交易风险。 一、公司经营情况未发生重大变化 经公司自查，公司目前日常经营 ...

近日该股表现 龙虎榜数据显示，该股因连续三个交易日内，涨幅偏离值累计达20%上榜龙虎榜1次，买卖居前营业部 中，沪股通累计净卖出145.73万元，营业部席位合计净买入477.43万元。 4月22日公司发布的一季报数据显示，一季度公司共实现营业总收入5.34亿元，同比下降46.20%，实现 净利润0.86亿元，同比增长0.13%。（数据宝） | 日期 | 当日涨跌幅（%） | 换手率（%） | 主力资金净流入（万元） | | --- | --- | --- | --- | | 2025.06.04 | 9.99 | 5.28 | 5505.69 | | 2025.06.03 | 9.99 | 3.21 | 6494.55 | | 2025.05.30 | 5.17 | 3.40 | 990.27 | | 2025.05.29 | 1.56 | 1.18 | 970.59 | | 2025.05.28 | -0.33 | 0.43 | -105.84 | | 2025.05.27 | -0.57 | 0.61 | -376.73 | | 2025.05.26 | 0.90 | 0.51 | -308.81 | | ...

南华期货股份有限公司: 本公司于205年 6 月 Y 日收到贵司发出的《南华期货股份有限 公司股票交易异常波动问询函》,经认真自查核实,现就相关情况回 复如下: 南华期货股份有限公司: 本会已于205年 6月 十日收到贵司发出的《南华期货股份有限 公司股票交易异常波动问询函》,经认真自查核实,现就相关情况回 复如下: 截至本函发出之时,作为南华期货股份有限公司(以下简称"南 华期货")的实际控制人,除贵公司已披露事项外,不存在影响南华 期货股票交易异常波动的重大事项,不存在其他涉及南华期货应披露 而未披露的重大信息,不存在股票交易异常波动期间买卖南华期货股 票的情形。 特此回复。 实际控制人:东阳市 联合会 2075 关于对《南华期货股份有限公司股票交易 异常波动问询函》的回复 关于对《南华期货股份有限公司股票交易 异常波动问询函》的回复 截至本函发出之时,作为南华期货股份有限公司（以下简称"南 华期货")的控股股东,除贵公司已披露事项外,不存在影响南华期 货股票交易异常波动的重大事项,不存在其他涉及南华期货应披露而 未披露的重大信息,不存在股票交易异常波动期间买卖南华期货股票 的情形。 特此回复 控股股东: ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 南华期货股份有限公司股票交易异常波动公告 南华期货股份有限公司（以下简称"公司"）股票于 2025 年 5 月 30 日、 6 月 3 日、6 月 4 日连续三个交易日内日收盘价格涨幅偏离值累计达到 20%，根 据《上海证券交易所交易规则》的相关规定，属于股票交易异常波动情形。 证券代码：603093 证券简称：南华期货 公告编号：2025-033 经公司自查并书面问询公司控股股东、实际控制人，截止本公告披露日， 不存在应披露而未披露的重大信息。 二、公司关注并核实的相关情况 根据上海证券交易所相关规定，公司对相关问题进行了必要核实。现说明如 下： （一）生产经营情况 经公司自查，公司目前日常经营活动正常，主营业务未发生变化，市场环境、 行业政策没有发生重大调整，无影响股价的重大经营事项。 （二）重大事项情况 经公司自查，并向公司控股股东及实际控制人函证核实：截至本公告披露日， 除了在指定媒体上已公开披露的信息外，公司不存在其他影响公司股票交易价格 异常波动 ...

证券代码：603093 证券简称：南华期货 公告编号：2025-032 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 南华期货股份有限公司 关于股份回购进展公告 截至 2025 年 5 月 31 日，公司通过上海证券交易所系统以集中竞价交易方式 | 回购方案首次披露日 | 2024/7/9 | | --- | --- | | 回购方案实施期限 | 自董事会审议通过后 12 个月 | | 预计回购金额 | 5,000万元~10,000万元 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 568.12万股 | | 累计已回购股数占总股本比例 | 0.93% | | 累计已回购金额 | 5,008.88万元 | | 实际回购价格区间 | 8.55元/股~9.37元/股 | 一、回购股份的基本情况 南华期货股份有限公司（以下简称"公司"）于 2024 年 7 月 8 日召开第四届 董事会第十五次会 ...

Core Viewpoint - The overall pressure on the futures industry has increased due to regulatory adjustments, intensified competition, and a low-interest-rate environment, impacting revenue and operational strategies of listed futures companies [1][2]. Group 1: Industry Overview - The adjustment of the trading rules by the China Futures Association will significantly affect the revenue recognition of futures companies starting in 2025, despite not altering the actual profit and loss situation [1]. - The first quarter of 2025 saw a significant revenue decline for South China Futures, with a 46.20% year-on-year drop to 534 million yuan, primarily due to the impact of new regulations on its risk management business [2]. - Despite revenue fluctuations, South China Futures reported a slight increase in net profit, reaching 85.74 million yuan in the first quarter of 2025, a 0.13% year-on-year growth, leading among its peers [2]. Group 2: Business Strategy and Innovation - In response to the competitive landscape and declining fees, South China Futures has shifted its business focus towards institutional and industrial clients, enhancing communication and collaboration through various initiatives [3]. - The company has launched multiple market cultivation activities in collaboration with exchanges to address challenges faced by enterprises, injecting new vitality into its brokerage business [3][4]. Group 3: Regional Expansion and Service to the Real Economy - The opening of a new branch in Wuhan in 2024 enhances South China Futures' coverage in the central and western regions, providing new growth opportunities [4]. - The company has effectively utilized its expertise in risk management to support agricultural enterprises through innovative models like "insurance + futures," providing 3.46 billion yuan in risk protection across over 160 projects [4]. Group 4: International Business Development - South China Futures has established a presence in major international cities, including Hong Kong, Chicago, Singapore, and London, covering key global time zones [5]. - As of the end of 2024, the total scale of its overseas brokerage business reached 13.8 billion HKD, with asset management totaling 2.5 billion HKD, indicating a robust international business strategy [5]. - The company aims to further expand its clearing business and localize its brokerage operations, enhancing its revenue structure and demonstrating resilience amid regulatory changes [5].

Core Viewpoint - The futures industry is playing a crucial role in risk management for the real economy and resource allocation, contributing to technological innovation, rural revitalization, and the construction of a modern industrial system [2][3]. Group 1: Industry Functions and Innovations - The futures industry serves as a "stabilizer" for industrial upgrades, helping enterprises manage risks associated with commodity price fluctuations and enhancing the resilience of industrial chains [2]. - China's hedging coverage rate for real enterprises is only 15%, significantly lower than the 60% level in developed countries, indicating substantial room for improvement [2]. - Continuous innovation in business models within the futures industry can assist more entities in utilizing risk management tools to stabilize costs and profits [2][3]. Group 2: Strategic Focus and Development - The company emphasizes technology finance, digital finance, and green finance as strategic development priorities, increasing R&D investment with notable results [3]. - As the first A-share listed futures company in China, the company has been innovating service models and product types to enhance risk management across procurement, sales, inventory, and funding processes [3][4]. - The company has pioneered the "insurance + futures" model to support rural revitalization, optimizing this model to create a new form of land management for farmers [3]. Group 3: AI and Technological Integration - The company is developing AI models to enhance internal applications, including employee assistance, product analysis, and knowledge base Q&A, achieving positive results in various aspects of futures analysis [5][6]. - Future plans include further research in report generation, intelligent data retrieval, process automation, intelligent customer service, and AI investment advisory [6]. - The company is committed to a dual-driven model of business and technological innovation, aiming to enhance financial technology and provide new momentum for industry transformation and economic development [5][6]. Group 4: Regulatory Environment and Future Directions - Recent regulatory guidelines emphasize the functional role of the futures market, and the company aims to enhance its service offerings across various business dimensions [6].

Group 1 - Nanhua Futures plans to issue H-shares and list on the Hong Kong Stock Exchange in January 2025, marking a significant step in its internationalization strategy [1] - The company has established operational centers in Hong Kong, Chicago, Singapore, and London, holding memberships in 14 global exchanges and 11 clearing seats [1] - By the end of 2024, Nanhua Futures' overseas brokerage client equity reached HKD 13.8 billion, with asset management scale at HKD 2.5 billion [1] Group 2 - In Q1 2025, Nanhua Futures reported a 46.2% year-on-year decline in operating revenue to CNY 534 million, but net profit increased slightly by 0.13% to CNY 85.73 million, maintaining the highest net profit among four listed futures companies [2] - The company demonstrated strong anti-cyclical resilience through high-quality business collaboration, focusing on serving the real economy and overseas financial services [2] Group 3 - Nanhua Futures is leveraging its overseas platform advantages to drive profit growth, with overseas business revenue in 2024 reaching CNY 654 million, a 15.32% increase, and a gross margin of 71.26% [3] - The company's Hong Kong subsidiary, Nanhua International, achieved a net profit of CNY 417 million in 2024, becoming a key profit pillar for the group [3] - Nanhua Futures has obtained clearing qualifications from major international exchanges, enhancing its global commodity clearing capabilities [3] Group 4 - The company has seen steady growth in its domestic brokerage business, with client equity increasing from CNY 19.1 billion in 2022 to CNY 31.6 billion in 2024, reflecting a compound annual growth rate of approximately 28.6% [4] - Nanhua Futures has developed a risk management system that enhances operational efficiency and profitability, conducting over 160 "insurance + futures" projects in 2024, providing risk protection of up to CNY 3.46 billion for agricultural entities [4] - The overseas business has become a significant profit growth highlight, with a compound annual growth rate of 68.26% in overseas business revenue from 2022 to 2024 [4]

Core Viewpoint - The gradual opening of the futures market is a necessary requirement for constructing a "dual circulation" development pattern, driven by the increasing demand for hedging from enterprises engaged in overseas trade of commodities [1] Group 1 - The development of overseas trade in bulk commodities has led to a rising demand for hedging from companies operating abroad [1] - The opening of China's futures market is crucial for enhancing the pricing influence of bulk commodities and improving resource allocation capabilities [1] - The process also supports the internationalization of the Renminbi and serves the hedging needs of the real economy, thereby maintaining national economic security [1]