2021 年第一季度报告 公司代码：603093 公司简称：南华期货 南华期货股份有限公司 2021 年第一季度报告 1 / 19 2021 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 19 2021 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人罗旭峰、主管会计工作负责人王力及会计机构负责人（会计主管人员）夏海波保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |------------------------------------------------|----------------- ...

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 94,173,413.09 for the year 2020[6]. - The company's operating revenue for 2020 was CNY 9,915,230,244.26, representing a 3.96% increase from CNY 9,537,526,165.45 in 2019[67]. - The net profit attributable to shareholders for 2020 was CNY 94,173,413.09, an increase of 18.47% compared to CNY 79,493,205.66 in 2019[67]. - The net cash flow from operating activities reached CNY 4,983,031,137.37, a significant increase of 1,325.06% from CNY 349,671,860.91 in 2019[67]. - Total assets at the end of 2020 were CNY 22,313,912,410.32, up 58.81% from CNY 14,050,296,817.62 at the end of 2019[67]. - The total liabilities increased by 70.87% to CNY 19,838,035,233.46 from CNY 11,609,722,976.82 in 2019[67]. - The basic earnings per share for 2020 was CNY 0.1624, an increase of 8.97% from CNY 0.1490 in 2019[68]. - The weighted average return on equity for 2020 was 3.83%, up 0.20 percentage points from 3.63% in 2019[68]. - The company's net profit for the parent company was 1.03 billion yuan, reflecting a year-on-year increase of 78.10%[90]. - The company's operating income for 2020 was 9.91 billion RMB, up 3.96% compared to the previous year[124]. Profit Distribution and Capital Management - The company decided not to distribute profits or increase capital reserves for the year 2020, opting to use undistributed profits to strengthen capital[6]. - The company implemented a cash dividend policy, ensuring that cash distributions are no less than 10% of the distributable profits for the year[182]. - For 2020, the company reported a net profit of 94,173,413.09 RMB but did not propose any cash dividend distribution due to ongoing non-public issuance of A-shares[184]. - The company plans to use undistributed profits to strengthen its capital base following the completion of the A-share issuance[187]. - In 2019, the company distributed cash dividends of 0.48 RMB per 10 shares, totaling 27,840,000 RMB, which accounted for 35.02% of the net profit attributable to shareholders[183]. Risk Management - The company faces significant risks related to macroeconomic conditions and regulatory changes in the futures industry[10]. - The company emphasizes the importance of risk management, including market, credit, operational, and information system risks[10]. - The company has established a comprehensive risk management system covering market risk, credit risk, operational risk, information system risk, liquidity risk, and compliance risk[169]. - The company has implemented a complete risk management framework, including various internal control measures and emergency response plans to ensure effective risk management[170]. - The company actively monitors market risk by adjusting margin levels based on comprehensive market risk assessments[173]. - The company employs a dual-review system for important positions to minimize operational risk and has established emergency plans to avoid trading system errors[173]. - The company has specific measures in place for managing risks associated with over-the-counter derivatives, including real-time monitoring of hedging positions[177]. Business Operations and Expansion - The company is currently in the process of a non-public issuance of A-shares, which will affect future profit distribution plans[6]. - The company has expanded its international presence, obtaining various licenses for futures trading and investment management in Hong Kong and the United States[34]. - The company has established six subsidiaries and 32 business departments, all licensed for securities and futures operations by the CSRC[21]. - The company has completed its international layout in major cities including Hong Kong, the USA, Singapore, and London, enabling 24-hour trading across three major time zones[92]. - The company is expanding its business model to include innovative services such as fund sales, investment consulting, and risk management, enhancing its operational diversity[151]. - The company plans to strengthen its brokerage services, with 32 branches and 6 subsidiaries across major cities, aiming to improve service capabilities and client engagement[160]. Market Trends and Performance - The futures market in China has seen steady growth, with an increase in market participants and a significant rise in trading volume in 2020[87]. - In 2020, the total trading volume of the national futures market reached 6.018 billion contracts, with a total transaction value of 43.572 trillion yuan, representing year-on-year growth of 53.82% and 50.61% respectively[90]. - The company's brokerage income for the year was 20.205 billion yuan, an increase of 48.69% year-on-year, while the unaudited net profit was 8.603 billion yuan, up 42.20% year-on-year[90]. - The company launched 12 new products in 2020, bringing the total number of futures and options products to 90, including 7 internationalized products[88]. - The company’s iron ore futures have attracted participation from approximately 270 overseas clients from 21 countries and regions, making it the largest global trading volume for iron ore derivatives[88]. Compliance and Regulatory Framework - The company has maintained a strong compliance and risk management framework, achieving an A-class AA rating from the China Securities Regulatory Commission from 2017 to 2020[95]. - The company has a dedicated compliance and risk management department to oversee adherence to anti-money laundering obligations and other regulatory requirements[170]. - The company's profit distribution policy is transparent and compliant with regulatory requirements, ensuring clarity in decision-making processes[182].

Financial Performance - Net profit attributable to shareholders decreased by 17.07% to CNY 67,217,747.62 year-on-year[9] - Operating income for the first nine months rose by 2.43% to CNY 7,825,629,032.21 compared to the same period last year[9] - Basic earnings per share decreased by 23.95% to CNY 0.1191 compared to the same period last year[12] - The weighted average return on net assets fell by 1.05 percentage points to 2.75%[12] - Total operating revenue for Q3 2020 was CNY 2,507,055,558.14, a decrease of 34.5% compared to CNY 3,826,061,205.50 in Q3 2019[37] - Net income for Q3 2020 was CNY 33,695,103.23, up 18.5% from CNY 28,337,153.53 in Q3 2019[40] - The company reported a net investment loss of CNY 16,128,213.32 in Q3 2020, compared to a gain of CNY 21,874,061.28 in Q3 2019[40] - The company’s total comprehensive income for Q3 2020 was CNY 16,362,537.21, compared to CNY 45,125,774.61 in Q3 2019[43] Assets and Liabilities - Total assets increased by 36.08% to CNY 19,119,077,746.14 compared to the end of the previous year[9] - Total liabilities rose to ¥16,635,651,644.97, compared to ¥11,609,722,976.82, marking an increase of about 43.3% year-over-year[31] - The total balance of settlement reserves increased by 178.40% to RMB 115,540,677.02 from RMB 41,501,996.29 due to the expansion of overseas securities business[20] - The accounts receivable for pledged margin surged by 937.95% to RMB 919,608,384.00 from RMB 88,598,728.00, primarily due to an increase in warehouse receipt pledges[20] - The total amount of other receivables increased by 230.52% to RMB 581,215,773.80 from RMB 175,846,874.43, attributed to financing for overseas securities business clients[20] - The company’s inventory decreased to ¥258,712,938.00 from ¥668,159,088.03, a decline of about 61.3%[29] - The company’s goodwill stood at ¥5,175,415.97, slightly down from ¥5,300,832.67, indicating a decrease of about 2.4%[29] Cash Flow - Net cash flow from operating activities surged by 206.61% to CNY 2,144,832,802.45 year-on-year[9] - The net cash flow from operating activities reached RMB 2,144,832,802.45, a 206.61% increase compared to RMB 699,530,489.33, driven by an increase in customer margin deposits[22] - Total cash inflow from operating activities for the first three quarters was ¥13,282,325,775.74, compared to ¥12,229,541,430.13 in 2019[51] - Cash flow from financing activities showed a net outflow of -¥503,963,805.00, compared to a net inflow of ¥271,352,000.00 in the previous year[57] - The company received cash from other operating activities amounting to ¥3,667,080,142.19, a significant increase from ¥1,107,441,247.34 in the previous year[57] Shareholder Information - The total number of shareholders reached 28,037 by the end of the reporting period[16] - The largest shareholder, Hengdian Group Holdings, owned 73.30% of the shares[16] Future Plans and Risks - The company plans to continue expanding its overseas securities business and enhance its investment strategies to mitigate risks and improve profitability[20] - The company faced legal risks related to unfulfilled capital contributions amounting to RMB 33,333,300.00, which may lead to contract termination or compensation obligations[25] - The company plans to continue focusing on market expansion and new product development to drive future growth[38]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 5,318,573,474.07, representing a 39.46% increase compared to CNY 3,813,598,482.74 in the same period last year[45]. - The net profit attributable to shareholders of the parent company decreased by 36.80% to CNY 33,256,597.25 from CNY 52,620,125.10 year-on-year[45]. - The net cash flow from operating activities increased by 21.76% to CNY 874,349,936.47 compared to CNY 718,099,965.04 in the previous year[45]. - Total assets at the end of the reporting period were CNY 17,272,288,901.22, a 22.93% increase from CNY 14,050,296,817.62 at the end of the previous year[45]. - Total liabilities increased by 27.56% to CNY 14,808,895,033.37 from CNY 11,609,722,976.82 year-on-year[45]. - The basic earnings per share decreased by 40.00% to CNY 0.06 from CNY 0.10 in the same period last year[45]. - The weighted average return on net assets decreased by 1.18 percentage points to 1.35% from 2.53% year-on-year[45]. - The company's total equity attributable to shareholders of the parent company was CNY 2,446,652,188.48, showing a slight increase of 0.80% from CNY 2,427,324,818.64 at the end of the previous year[45]. - The company reported other comprehensive income of CNY 14,229,069.70, a significant increase of 217.07% compared to CNY 4,487,668.72 in the previous year[45]. Business Operations - The registered capital of Nanhua Futures remains at CNY 580 million, unchanged from the previous year[18]. - The net capital decreased to CNY 990.16 million from CNY 1,004.77 million year-on-year, reflecting a decline of approximately 1.5%[18]. - Nanhua Futures has 6 subsidiaries and 32 business departments, all holding the necessary operational licenses for securities and futures business[19]. - The company operates in various sectors including futures brokerage, asset management, risk management, and public fund business, with a focus on derivative products[53]. - The company has established a comprehensive financial service platform covering both domestic and international markets, enhancing its competitive edge[60]. - The company has completed its international layout in major cities including Hong Kong, the USA, Singapore, and London, enabling 24-hour trading across three major time zones[61]. - The company has optimized its branch layout, currently operating 6 subsidiaries and 32 business offices nationwide[60]. - The company has established a diversified financial service system in Singapore, obtaining the capital markets services license and fund management license[74]. Risk Management - The company faces various risks including market risk, credit risk, operational risk, regulatory risk, and information system risk, which could significantly impact its financial performance[94]. - The company has established a comprehensive risk management system to address market, credit, operational, and compliance risks, ensuring effective governance and operational integrity[97]. - The company has established a multi-level risk management organization, with the board of directors being the highest level responsible for overall risk management and policy approval[101]. - The company has implemented a market risk assessment process, adjusting margin levels to mitigate potential holding risks based on market conditions[102]. - For credit risk, the company monitors client margin levels in real-time and takes proactive measures such as forced liquidation if margin calls are not met[104]. - The company has set a maximum risk exposure limit of 10% for individual products in basis trading, with real-time monitoring by the risk control department[108]. - The company has developed a comprehensive anti-money laundering internal control system, ensuring compliance with customer identity verification and suspicious transaction reporting[104]. - The company utilizes modern management systems for real-time risk monitoring across various operational activities, ensuring compliance and risk mitigation[104]. Corporate Governance - The company has committed to avoiding any business competition with its controlled entities during the reporting period[116]. - The company will not transfer or manage its shares in Nanhua Futures for 36 months post-listing[120]. - The company plans to ensure that any business opportunities that may lead to competition will be communicated to Nanhua Futures[119]. - The company has established measures to compensate for any losses incurred due to breaches of commitments[118]. - The company has outlined a clear strategy for compliance with its commitments to avoid competition[117]. - The company appointed Tianjian Accounting Firm as the auditor for the 2020 fiscal year, approved during the 2019 annual general meeting on April 3, 2020[127]. - There were no significant lawsuits or arbitration matters during the reporting period, with no cases exceeding RMB 10 million or 10% of the company's latest audited net assets[127]. - The company has implemented corrective measures following a regulatory notice regarding internal control deficiencies, and the matter has been resolved[131]. Social Responsibility - In 2020, the company provided insurance coverage for 3,500 tons of rubber, benefiting over 4,000 local poor rubber farmers in Yunnan Province[144]. - The company plans to continue its "insurance + futures" model to enhance risk management for enterprises in poverty-stricken areas in 2020[151]. - The company purchased 958 boxes of apples from Gansu Province, valued at 85,800 yuan, as part of its consumption poverty alleviation efforts[147]. - The company has committed 24.58 million yuan to various poverty alleviation projects, focusing on industry development and education[146]. - The company aims to improve educational conditions in impoverished areas by providing funding and establishing scholarships in 2020[151]. - The company has received the first prize for its "insurance + futures" poverty alleviation pilot project from the Shanghai Futures Exchange in 2019[146]. - The company is actively exploring new poverty alleviation projects tailored to local conditions[143]. - The company has formed a poverty alleviation working group led by its chairman to enhance the effectiveness of its initiatives[142]. Shareholder Information - The company distributed a cash dividend of 0.48 RMB per 10 shares, totaling 27,840,000 RMB, representing a cash dividend ratio of 35.02% for the 2019 fiscal year[159]. - The total number of ordinary shareholders as of the end of the reporting period was 27,828[162]. - The company’s total share capital and structure remained unchanged during the reporting period[161]. - The largest shareholder, Hengdian Group Holdings Co., Ltd., held 425,120,900 shares, accounting for 73.30% of the total shares[162]. - The company’s equity distribution for the 2019 fiscal year has been fully implemented by the end of the reporting period[159]. Financial Ratios - The company reported a current ratio of 1.18, down 4.24% from the previous year's 1.23[187]. - The quick ratio decreased by 10.10%, from 0.75 to 0.67[187]. - The debt-to-asset ratio increased to 85.74%, up 3.76% from 82.63% last year[187]. - EBITDA interest coverage ratio dropped significantly by 57.96%, from 6.97 to 2.93[187]. - As of June 30, 2020, the company had a total credit limit of 750 million RMB, with 670 million RMB utilized[191]. - The company’s bond issuance raised 450 million RMB, with a coupon rate of 5.80%[178]. - The company plans to use the bond proceeds to enhance its net capital and support innovation-related business[181]. - The company has maintained a good cooperative relationship with various banks, ensuring strong short-term and medium-term financing capabilities[191].

证券代码：603093 证券简称：南华期货 公告编号：2020-025 南华期货股份有限公司关于参加 浙江辖区上市公司投资者网上 集体接待日活动的公告 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个别及连带责任。 为进一步加强与投资者的沟通交流，南华期货股份有限公司（以下简称"公 司"）将参加由浙江证监局指导、浙江上市公司协会与深圳市全景网络有限公司 共同举办的"凝心聚力 共克时艰"辖区上市公司投资者网上集体接待日活动（以 下简称"本次活动"），现将有关事项公告如下： 本次活动将通过深圳市全景网络有限公司提供的网上平台，采取网络远程方 式举行。投资者可登录"投资者关系互动平台"网站(http://rs.p5w.net）参与 本次投资者集体接待日活动，活动时间为 2020 年 5 月 15 日下午 15:00 至 17:00。 届时公司董事长罗旭峰先生、副总经理兼财务总监王正浩先生、董事会秘书 钟益强先生将通过网络在线形式与投资者就公司治理、发展战略、经营情况等投 资者关注的问题进行沟通交流（如有特殊情况，参会人员会有所调整）。 欢迎广 ...

2020 年第一季度报告 公司代码：603093 公司简称：南华期货 南华期货股份有限公司 2020 年第一季度报告 1 / 20 2020 年第一季度报告 一、 二、 11Í 四、 | --- | |----------------| | 目录 | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 20 2020 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人罗旭峰、主管会计工作负责人王正浩及会计机构负责人（会计主管人员）夏海波 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | --- | |-------------------------------------------------|--------- ...

Financial Performance - The company's operating income for 2018 was CNY 4,587,419,310.87, representing a 107.91% increase compared to CNY 2,039,428,135.45 in 2017[64]. - The net profit attributable to shareholders for 2019 was CNY 79,493,205.66, a decrease of 35.84% from CNY 123,888,848.02 in 2018[66]. - The total assets at the end of 2019 were CNY 14,050,296,817.62, reflecting a 24.18% increase from CNY 11,314,096,133.80 at the end of 2018[66]. - The company's net cash flow from operating activities in 2019 was CNY 349,671,860.91, compared to a negative cash flow of CNY -1,540,671,193.08 in 2018[66]. - The basic earnings per share for 2019 was CNY 0.1490, down 38.66% from CNY 0.2429 in 2018[66]. - The company's total liabilities at the end of 2019 were CNY 11,609,722,976.82, an increase of 25.53% from CNY 9,248,923,156.95 in 2018[66]. - The total revenue for Q2 2019 was CNY 2,203,272,662.76, with a net profit of CNY 24,422,006.64 attributable to shareholders[70]. - The company's operating income for 2019 was CNY 9.54 billion, reflecting a significant increase of 107.91% compared to the previous year[116]. - The net profit attributable to shareholders for 2019 was CNY 0.79 billion, a decrease of 35.64% year-on-year[115]. - The average daily equity of clients in the futures brokerage business was CNY 7.59 billion, up 6.34% year-on-year, with transaction volume increasing by 29.06% to 9,546.81 million contracts[118]. Capital Structure - The registered capital increased from 510,000,000 RMB to 580,000,000 RMB during the reporting period[19]. - The company completed its initial public offering on August 30, 2019, raising a net amount of RMB 282.31 million by issuing 70 million shares[50]. - The registered capital of the company increased to RMB 580 million following the IPO[50]. - The company's registered capital was raised from RMB 28.56 million to RMB 45 million in February 2011[49]. - The company's registered capital was increased to RMB 11 million in December 2002[47]. - The company has been involved in multiple capital increases since its establishment, with the most recent increase occurring in December 2012[50]. Business Operations and Expansion - The company holds a comprehensive range of licenses for futures brokerage, financial futures brokerage, investment consulting, asset management, and fund distribution, ensuring compliance with regulatory requirements[20]. - The company has expanded its business scope to include stock options trading, having been approved as a participant in the Shanghai Stock Exchange stock options market[21]. - The company has established a presence in both the Shanghai and Shenzhen stock exchanges, enhancing its market reach and operational capabilities[21]. - The company has expanded its business scope to include food sales and grain acquisition licenses in various regions[26]. - The company is actively pursuing market expansion through strategic partnerships and regulatory compliance in both domestic and international markets[29]. - The company has expanded its international business presence, obtaining FCA approval for NANHUA UK and becoming a second-class member of LME, covering major international financial hubs[89]. - The company plans to expand its overseas financial services, including futures brokerage and asset management, to enhance its market presence[84]. Risk Management - The company emphasizes the importance of risk management in its operations, addressing market, credit, operational, and information system risks[8]. - The company is subject to significant risks related to macroeconomic conditions and capital market fluctuations, which could impact its operational performance[8]. - The company has established a comprehensive risk management system covering various risks, including market, credit, operational, and information system risks[174]. - Specific risk management measures include adjusting margin levels based on market assessments and monitoring clients' margin risks in real-time[179]. - The company has implemented strict operational procedures and dual-review systems to mitigate operational risks and enhance employee training[179]. - Information system risks are addressed by adhering to industry standards and maintaining multiple data centers to ensure system reliability and disaster recovery[179]. Regulatory Compliance - The company operates under strict market access regulations, with all subsidiaries holding the necessary licenses issued by regulatory authorities[20]. - The company has received an A-class AA rating from the China Securities Regulatory Commission in 2019, indicating strong compliance and risk management capabilities[92]. - The company has developed a robust compliance framework to enhance employee awareness and prevent legal violations[176]. Shareholder Returns - The company plans to distribute a cash dividend of 0.48 RMB per 10 shares, totaling 27,840,000 RMB based on a total share capital of 580,000,000 shares for the 2019 fiscal year[6]. - In 2019, the company distributed cash dividends amounting to 27.84 million yuan, representing 35.02% of the net profit attributable to ordinary shareholders in the consolidated financial statements[188]. - The company reported a commitment to ensure that the interests of shareholders are not harmed, with provisions for compensation in case of violations by Hengdian Holdings[194]. Market Trends - The overall trading volume and turnover in the futures market increased in 2019 compared to 2018, indicating a positive market trend[84]. - In 2019, the total trading volume of the national futures market reached 3,962,077,706 contracts, with a total transaction value of 2,906,085.43 billion yuan, representing year-on-year growth of 30.81% and 37.85% respectively[88]. - From January to November 2019, the total commission income of national futures companies was 121.17 billion yuan, a slight increase of 0.25% compared to the same period in 2018; the unaudited net profit was 49.89 billion yuan, a year-on-year decrease of 12.78%[88]. Strategic Goals - The company's strategic goal is to become a financial service company centered on derivative business[146]. - The company aims to enhance its business scale and profitability while transitioning to a financial service company focused on derivatives[164]. - In 2020, the company plans to leverage its brand and reputation to expand its market presence and enhance its risk management services[165]. - The company will focus on expanding its basis trading and OTC derivatives business to better serve the real economy[166]. - The company intends to integrate its overseas financial services to provide comprehensive risk management for investors going abroad[170]. - The company plans to strengthen its collaboration with leading enterprises in the industry to expand its basis trading business[166].

Financial Performance - The company's operating income for 2018 was CNY 4,587,419,310.87, representing a 107.91% increase compared to CNY 2,039,428,135.45 in 2017[64]. - The net profit attributable to shareholders for 2019 was CNY 79,493,205.66, a decrease of 35.84% from CNY 123,888,848.02 in 2018[66]. - The total assets at the end of 2019 were CNY 14,050,296,817.62, reflecting a 24.18% increase from CNY 11,314,096,133.80 at the end of 2018[66]. - The company's net cash flow from operating activities in 2019 was CNY 349,671,860.91, compared to a negative cash flow of CNY -1,540,671,193.08 in 2018[66]. - The basic earnings per share for 2019 was CNY 0.1490, down 38.66% from CNY 0.2429 in 2018[66]. - The company's total equity attributable to shareholders at the end of 2019 was CNY 2,427,324,818.64, an 18.29% increase from CNY 2,052,072,009.88 at the end of 2018[66]. - The company's quarterly revenue for Q1 2019 was CNY 1,623,408,089.96, while Q4 2019 revenue was CNY 1,897,866,477.21[70]. - The company's net profit attributable to shareholders in Q4 2019 was CNY -1,557,273.36, indicating a loss compared to profits in the previous quarters[70]. - The overall revenue for the company was ¥9,537,526,165.45, with a year-over-year increase of 107.91%[118]. - The net profit attributable to shareholders was CNY 0.7949 billion, a decrease of 35.64% year-on-year[110]. Capital Structure - The registered capital increased from 510,000,000 RMB to 580,000,000 RMB during the reporting period[19]. - The company completed its IPO on August 30, 2019, raising a net amount of RMB 282.31 million by issuing 70 million shares[50]. - The registered capital of the company increased from RMB 45 million to RMB 51 million following capital increases in December 2012[50]. - The company’s registered capital was raised from RMB 11 million to RMB 16 million in April 2009, following a capital increase approval by the China Securities Regulatory Commission[49]. - The company has been involved in multiple capital increases, with the most recent increase in registered capital occurring in 2019[50]. Business Operations - The company’s main business includes futures brokerage and investment management, with a focus on capital operations[53]. - The company has a total of 6 subsidiaries and 34 business departments, all holding the necessary licenses for securities and futures operations[20]. - The company has expanded its business scope to include stock options trading as of January 27, 2015, and became a trading participant on the Shenzhen Stock Exchange on December 6, 2019[21]. - The company has established a strong presence in both domestic and international markets through strategic licensing and business expansions[34]. - The company has expanded its business scope to include food sales and grain acquisition, with relevant licenses obtained in 2017 and 2019[26][30]. - The company’s operations include asset management and fund sales, reflecting a diversified business model[56]. Risk Management - The company emphasizes the importance of risk management, including market risk, credit risk, operational risk, and information system risk[8]. - The company has established a comprehensive risk management system covering market, credit, operational, and information system risks to mitigate potential threats[159]. - The company has implemented a robust risk control and compliance management system, enhancing its ability to prevent and mitigate financial risks[88]. - The company has launched new risk management systems to support its basis trade business, integrating futures and spot risk management[92]. - The company faces significant risks related to macroeconomic conditions and capital market fluctuations, which could impact its operational performance[8]. Regulatory Compliance - The company holds various licenses for futures brokerage, financial futures brokerage, investment consulting, asset management, and fund distribution, ensuring compliance with regulatory requirements[20]. - In 2019, the company received an A-class AA rating from the China Securities Regulatory Commission, indicating strong compliance and risk management capabilities[88]. - The company has a strict compliance and internal control system to prevent money laundering risks, with dedicated personnel for monitoring compliance[164]. - The company has committed to compliance and risk management, with a robust framework that includes various policies and procedures to ensure effective risk control[159]. Market Trends - The company anticipates intensified competition in the futures market due to the increase in the number of futures companies, which reached 149 by the end of 2019[144]. - In 2019, the total trading volume in the national futures market reached 3,962,077,706 contracts, with a total trading value of 2,906,085.43 billion RMB, representing year-on-year growth of 30.81% and 37.85% respectively[84]. - The company plans to expand its international presence in the futures market, with the removal of foreign ownership limits for futures companies starting January 1, 2020[84]. Technological Development - The company invested in a private cloud platform in 2019 to support big data and technology development, enhancing its technological capabilities[92]. - The company developed the NHTD2 high-speed trading system to improve services for high-frequency trading clients[92]. Shareholder Information - The company reported a cash dividend of 27,840,000 RMB for 2019, with a net profit attributable to ordinary shareholders of 79,493,205.66 RMB, representing 35.02% of the net profit[169]. - The company has committed to not transferring or managing its shares in Nanhua Futures for 36 months post-listing, ensuring stability in shareholding[182]. - If the stock price falls below the issue price for 20 consecutive trading days within 6 months post-listing, the lock-up period for shares will automatically extend by 6 months[181].

Financial Performance - The company's operating income for 2019 was CNY 9.538 billion, reflecting a 107.91% increase compared to the previous year[109]. - The net profit attributable to shareholders for 2019 was CNY 79.493 million, a decrease of 35.84% year-on-year[111]. - The company's total assets at the end of the reporting period were approximately 1.85 billion, with a notable increase in receivables from pledged deposits by 127.63%[124]. - The company's cash flow from operating activities in Q4 2019 was negative at CNY -349,858,628.42, indicating challenges in cash generation during that period[71]. - The overall operating revenue for the company was approximately 9.54 billion, reflecting a year-over-year increase of 107.91%, but with a gross margin decrease of 2.40 percentage points[118]. Capital Structure - The registered capital increased from CNY 510,000,000 at the end of the previous year to CNY 580,000,000 at the end of 2019[20]. - The registered capital of the company increased from RMB 45 million to RMB 58 million following the IPO[51]. - The company completed its IPO on August 30, 2019, raising a net amount of RMB 282.31 million by issuing 70 million shares[51]. - The company's total liabilities at the end of 2019 were CNY 11,609,722,976.82, which is a 25.53% increase from CNY 9,248,923,156.95 in 2018[67]. Risk Management - The company emphasizes the importance of risk management, including market risk, credit risk, operational risk, and information system risk[8]. - The company has established a comprehensive risk management system covering market, credit, operational, and information system risks[153]. - Credit risk is a concern, particularly during market volatility when clients may be unable to meet margin requirements, potentially leading to significant losses for the company[150]. - The company has implemented various risk management policies and procedures to ensure compliance and mitigate potential risks[155]. Business Operations - The company operates a total of 13 branches in Zhejiang province, which is the highest among all provinces[3]. - The company has a total of 24 business departments across various cities, with the Qingdao business department established on April 30, 2008[3]. - The company has been actively expanding its market presence and investment capabilities since its establishment[46]. - The company has established long-term partnerships with other financial institutions to enhance its institutional client base[98]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.48 per 10 shares, totaling CNY 27,840,000 based on a total share capital of 580,000,000 shares for the 2019 fiscal year[6]. - In 2019, the company declared a cash dividend of 0.15 RMB per 10 shares, totaling 27,840,000 RMB, representing 35.02% of the net profit attributable to ordinary shareholders[162]. Regulatory Compliance - The company holds a comprehensive range of licenses for futures brokerage, financial futures brokerage, investment consulting, asset management, and fund distribution, ensuring compliance with regulatory requirements[21]. - The company achieved an A-class AA rating in the classification evaluation by the China Securities Regulatory Commission, indicating strong compliance and risk management capabilities[89]. Market Position and Strategy - The company aims to enhance its business scale and profitability while achieving strategic transformation, focusing on expanding asset management and risk management services[142]. - The company is positioned to capitalize on the internationalization trend in the futures industry, with an emphasis on integrating domestic and international risk management services[144]. - The futures market in China is experiencing intensified competition, with 149 futures companies operating, leading to a focus on innovation and service enhancement[140]. Financial Services Expansion - The company has established a comprehensive financial service platform covering spot and futures, on-exchange and off-exchange, public and private offerings, and domestic and international services[84]. - The company’s overseas financial services have expanded, with NANHUA UK receiving FCA approval, allowing it to offer regulated products and services[85]. - The company will integrate domestic and overseas financial services to provide a comprehensive trading platform, leveraging its clearing membership at foreign exchanges[149]. Technology and Innovation - The company invested in private cloud platform construction in 2019 to support big data and technology research needs[90]. - The new generation high-speed trading system, NHTD2, was developed to enhance service capabilities for high-frequency trading clients[90].

证券代码：603093 证券简称：南华期货 公告编号：2019-013 南华期货股份有限公司关于参加 浙江辖区上市公司投资者网上 集体接待日活动的公告 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个别及连带责任。 为进一步加强与投资者的沟通交流，南华期货股份有限公司（以下简称"公 司"）将参加由浙江上市公司协会、深圳市全景网络有限公司共同举办的"浙江 辖区上市公司投资者网上集体接待日"活动（以下简称"本次活动"），现将有 关事项公告如下： 本次活动将通过深圳市全景网络有限公司提供的网上平台，采取网络远程方 式举行。投资者可登录"投资者关系互动平台"网站(http://rs.p5w.net）参与 本次投资者集体接待日活动，活动时间为 2019 年 11 月 5 日（星期二）下午 15:30 至 17:00。届时公司将通过网络在线交流形式与投资者就公司治理、发展战略、 经营状况、可持续发展等投资者关心的问题进行沟通。 欢迎广大投资者积极参与。 特此公告。 南华期货股份有限公司董事会 2019 年 10 月 28 日 ...