Core Viewpoint - The Hong Kong stock market is becoming a crucial platform for financial institutions to expand globally, with Nanhua Futures set to list on December 22, marking a new phase of development through its "A+H" dual capital platform [1] Group 1: Company Overview - Nanhua Futures, established in 1996, is one of the first companies in China's futures industry and has become a comprehensive global financial service platform [2] - The company ranks eighth among all futures companies in China by total revenue for 2024 and holds the top position among non-financial institution-related futures companies [2] Group 2: Service Offerings - Nanhua Futures has built a comprehensive service system covering the futures and derivatives value chain, including domestic futures brokerage, risk management, wealth management, and overseas financial services [3] - The product portfolio includes various asset classes such as agricultural products, industrial goods, energy, metals, stocks, and fixed-income securities, catering to diverse client needs [3] Group 3: Global Expansion - Since 2006, Nanhua Futures has actively pursued internationalization, establishing a business network across major financial centers including Hong Kong, Chicago, Singapore, and London [4] - The company holds 17 overseas exchange memberships and 14 clearing seats, enabling it to conduct large commodity spot deliveries internationally [4] Group 4: Financial Performance - From 2022 to 2024, Nanhua Futures' annual profit increased from 246 million RMB to 458 million RMB, with a compound annual growth rate (CAGR) of 36.5% [5] - Total assets grew from 34.189 billion RMB at the end of 2022 to 48.863 billion RMB by the end of 2024, reflecting a CAGR of 19.5% [5] Group 5: Future Outlook - The Chinese futures market is the largest globally, and with the increasing pace of Chinese enterprises going global, Nanhua Futures is positioned for significant growth opportunities [6] - The company plans to use the net proceeds from its H-share listing to strengthen its capital base in overseas markets, enhancing its global service network [6]

该信息由智通财经网提供 假设全球发售于2025年12月22日(星期一)上午八时正或之前成为无条件，预期H股将于2025年12月22日 (星期一)上午九时正开始在联交所主板买卖。H股将以每手买卖单位500股H股买卖。H股的股份代号为 02691。 智通财经APP讯，南华期货股份(02691)发布公告，于2025年12月18日(星期四)，发售价已厘定为每股H 股12.00港元。 ...

Core Viewpoint - The A+H listing strategy is becoming a consensus among industry leaders, with companies like Nanhua Futures taking significant steps towards internationalization through its H-share listing in Hong Kong, marking a milestone for the Chinese futures industry [1][2]. Group 1: Industry Trends - The A+H listing trend is characterized by leading companies from various sectors, including manufacturing and new energy, actively seeking to expand their international financing channels by listing in Hong Kong [1]. - As of the latest data, 17 A-share companies have successfully issued H-shares in Hong Kong this year, covering key sectors such as electronics, new energy, manufacturing, and finance [1]. Group 2: Company Strategy - Nanhua Futures' H-share listing is a crucial step in its internationalization strategy, having established a service network across major global financial centers since 2006 [2]. - The expected net fundraising amount from the H-share issuance is over 1.4 billion HKD, which will be used to enhance the scale and optimize the structure of its overseas business [2]. Group 3: Business Development - Nanhua Futures reported revenues of 941 million CNY and a net profit of 351 million CNY for the first three quarters of 2025, with total assets reaching 64.079 billion CNY [3]. - The company has achieved significant growth in its overseas business, with revenues increasing from 231 million CNY in 2022 to 654 million CNY in 2024, reflecting a compound annual growth rate of 68.3% [2][3]. Group 4: Market Position and Future Outlook - The Chinese futures market saw a transaction volume of 675 trillion CNY in the first 11 months of 2025, a year-on-year increase of 20.19%, indicating strong demand for hedging and asset allocation [4]. - Nanhua Futures is positioned to leverage its A+H dual capital platform to enhance its core competitiveness and solidify its industry position, benefiting from the Belt and Road Initiative and the accelerated opening of the futures market [4].

假设全球发售于2025年12月22日(星期一)上午八时正或之前成为无条件，预期H股将于2025年12月22日 (星期一)上午九时正开始在联交所主板买卖。H股将以每手买卖单位500股H股买卖。H股的股份代号为 02691。 南华期货（603093）股份(02691)发布公告，于2025年12月18日(星期四)，发售价已厘定为每股H股12.00 港元。 ...

格隆汇12月18日丨南华期货股份(02691.HK)公告，于2025年12月18日(星期四)，发售价已厘定为每股H 股12.00港元(不包括1%经纪佣金、0.0027%证监会交易徵费、0.00015%会财局交易徵费及0.00565%联交 所交易费)。 公司预期于2025年12月19日(星期五)，按照招股章程「如何申请香港发售股份－B.公布结果」一节所述 方式，公布国际发售踊跃程度、香港公开发售的申请水平、香港发售股份分配基准及香港公开发售的分 配结果。 假设全球发售于2025年12月22日(星期一)上午八时正或之前成为无条件，预期H股将于2025年12月22日 (星期一)上午九时正开始在联交所主板买卖。H股将以每手买卖单位500股H股买卖。H股的股份代号为 02691。 ...

Group 1 - Zhongwei Company plans to acquire controlling stake in Hangzhou Zhonggui through share issuance, with stock suspension starting December 19, 2025, for up to 10 trading days [1] - Qibin Group's subsidiary plans to establish Shenzhen Qibin New Energy Technology Co., with a registered capital of 600 million yuan to enhance photovoltaic glass supply chain efficiency [2] - Boying Special Welding's HRSG equipment is primarily matched with heavy gas turbines, with a production cycle of about 6 months, responding to increased demand in the U.S. market [3] Group 2 - Hongda Electronics' associate Jiangsu Zhanxin's application for IPO on the ChiNext has been accepted, with Hongda holding 13.79% of shares prior to the offering [5] - Yinxing Energy plans to acquire 50% stake in Tianjing Shenzhou for 20.15275 million yuan, which will enhance its renewable energy capacity [6] - Nandu Power's controlling shareholder has terminated plans for a change in control, leading to stock resumption on December 19, 2025 [7] Group 3 - Xibu Mining's subsidiary has obtained a mining license for iron resources, supporting sustainable development in the iron resource sector [9] - Shandong Expressway plans to provision for a long-term equity investment impairment of approximately 690 million yuan related to Dongxing Securities [10] - Tianfeng Securities has signed a supplementary agreement to extend the term of a 4 billion yuan subordinated debt by one year, with an adjusted interest rate of 4% [11] Group 4 - Shandong Zhanggu has received an administrative regulatory decision from the Shandong Securities Regulatory Commission for various compliance issues [12] - Nanjing Pharmaceutical plans to invest 120 million yuan to establish a medical device investment company, focusing on acquiring a stake in Ningbo Jiangfeng [13] - Hailianxun has received approval from the CSRC for a share swap merger with Hangzhou Steam Turbine, proceeding with related transactions [14] Group 5 - Luyuan Pharmaceutical reports normal operations with no significant changes in the internal and external business environment [15] - Nanhua Futures has set the H-share public offering price at 12 HKD per share, with expected listing on December 22, 2025 [17] - Visionox plans to invest 3.918 billion yuan in the second phase of the Hefei Guoxian AMOLED production line project, increasing its stake to 37.73% [18] Group 6 - Sichuan Road and Bridge has been acquired by Zhong Postal Insurance, reaching a 5% stake [19] - Boshuo Technology's directors plan to reduce their holdings by up to 18,300 shares [20] - O-film's controlling shareholder transferred 67.7048 million shares to settle debts, maintaining control with a 5.78% stake post-transfer [21] Group 7 - Junshi Biosciences' shareholder plans to reduce holdings by up to 2% through block trading [22] - Lihu Co. plans to reduce holdings by up to 2.98% through various trading methods [23] - Ruichen Environmental plans to reduce holdings by up to 3% through trading [25] Group 8 - Zhongfutong received a winning bid notification for a project worth approximately 411 million yuan [29] - Shikong Technology won a 141 million yuan project for smart cultural tourism integration [30] - Ningbo Construction's subsidiary won a 747 million yuan engineering project [31]

南华期货股份有限公司（以下简称"公司"）正在进行申请发行境外上市股 份（H 股）并在香港联合交易所有限公司（以下简称"香港联交所"）主板挂牌 上市（以下简称"本次发行上市"）的相关工作。 南华期货股份有限公司 关于 H 股公开发行价格的公告 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法律责任。 证券代码：603093 证券简称：南华期货 公告编号：2025-073 本次拟发行的 H 股股份的认购对象仅限于符合相应条件的境外投资者及依 据中国相关法律法规有权进行境外证券投资管理的境内证券经营机构和合格境 内机构投资者及其他符合监管规定的投资者。因此，本公告仅为 A 股投资者及时 了解公司本次发行上市的相关信息而作出，并不构成亦不得被视为是对任何境内 个人或实体收购、购买或认购公司任何证券的要约或要约邀请。 公司已确定本次 H 股发行的最终价格为每股 12 港元（不包括 1%经纪佣金、 0.0027%香港证券及期货事务监察委员会交易征费、0.00565%香港联交所交易费 及 0.00015%香港会计及财务汇报局交易征费）。公司本次发行的 ...

智通财经APP讯，南华期货(603093.SH)公告，公司正在进行申请发行境外上市股份(H股)并在中国香港 联交所主板挂牌上市的相关工作。公司已确定本次H股发行的最终价格为每股12港元。本次发行的H股 预计于2025年12月22日在联交所主板挂牌并开始上市交易。 ...

南华期货（603093）(603093.SH)公告，公司正在进行申请发行境外上市股份(H股)并在中国香港联交所 主板挂牌上市的相关工作。公司已确定本次H股发行的最终价格为每股12港元。本次发行的H股预计于 2025年12月22日在联交所主板挂牌并开始上市交易。 ...

Core Viewpoint - Nanhua Futures has set the final price for its H-share issuance at HKD 12 per share, with the shares expected to be listed on the Hong Kong Stock Exchange on December 22, 2025 [1] Group 1 - The final price for the H-share issuance is confirmed at HKD 12 per share [1] - The expected listing date for the H-shares on the Hong Kong Stock Exchange is December 22, 2025 [1]