证券之星消息，截至2025年12月4日收盘，南华期货(603093)报收于19.07元，上涨1.01%，换手率 0.89%，成交量5.4万手，成交额1.03亿元。 12月4日的资金流向数据方面，主力资金净流入439.23万元，占总成交额4.28%，游资资金净流出356.98 万元，占总成交额3.48%，散户资金净流出82.25万元，占总成交额0.8%。 近5日资金流向一览见下表： 该股主要指标及行业内排名如下： | 指标 | 南华期货 | 多元金融行业均值 | 行业排名 | | --- | --- | --- | --- | | 总市值 | 116.34亿元 | 223.84亿元 | 13 21 | | 净资产 | 44.05亿元 | 252.34亿元 | 14 21 | | 净利润 | 3.51亿元 | 7.44亿元 | 12 21 | | 市盈率(动) | 24.83 | 209.24 | 11 21 | | 市净率 | 2.65 | 2.56 | 15 21 | | 毛利率 | 0% | 24.09% | 15 21 | | 净利率 | 37.41% | 115.45% | 9 21 | | ROE | ...

Core Viewpoint - Nanhua Futures Co., Ltd. is planning to list on the Hong Kong Stock Exchange after successfully passing the hearing on December 2, 2025, with a total market capitalization of approximately 11.5 billion RMB as of December 3, 2025 [1] Company Overview - Nanhua Futures is a leading futures company in China, providing global financial services and ranked second in terms of ROE among all Chinese futures companies for 2024 [1][2] - The company was established in 1996 and is headquartered in Hangzhou, China, evolving from a domestic futures brokerage to a comprehensive global financial service platform [1] Financial Performance - For the first half of 2025, Nanhua Futures reported operating revenue of 593 million RMB and a net profit of 231 million RMB, achieving a net profit margin of 39% [1] - The company's commission and fee income for the first half of 2025 decreased by 13.88% year-on-year, while interest income fell by 27.80% [5] - Investment income for the same period increased significantly by 165.91% year-on-year [5] Client Base and Market Position - The number of corporate clients in the domestic futures brokerage business has grown from 4,266 in 2022 to 5,279 in the first half of 2025 [2] - Nanhua Futures ranks first among all futures companies in China in terms of overseas income for 2024 [8] Industry Context - The total client equity in China's futures market has increased from 824.7 billion RMB in 2020 to 1,538.7 billion RMB in 2024, with a projected CAGR of 18.4% from 2024 to 2029 [7] - In 2024, Nanhua Futures ranked 8th in total revenue among all futures companies in China [8]

本报记者 王宁 业内人士表示，南华期货有望成为期货业第二家"A+H"期货公司。一方面，境外业务已成为该公司重要的业绩增长引擎， 通过联交所上市可有效补充其境外子公司资本金，进一步扩大境外业务规模、优化业务结构，提升国际市场竞争力与抗风险能 力；另一方面，中国香港作为国际金融枢纽，能为该公司开辟多元融资渠道，吸引全球资本，更好服务中资企业"出海"的跨境 风险管理需求。 上述受访业内人士向记者表示，南华期货通过A股上市，资本金获得明显补充，为公司发展提供了多维度支撑。从经营层 面来看，上市拓宽了融资渠道，为公司业务拓展与技术投入奠定基础；从业务布局来看，上市融资给了该公司推进业务多元化 的底气，使其构建起涵盖境内外期货经纪、风险管理、境外金融服务的综合业务体系；从公司治理与合规来看，上市后需满足 更高信息披露与监管要求，该公司通过完善治理架构，强化内部控制与风险管理，持续提升运营规范性与透明度，增强投资者 与客户信任度，为业务长期稳健发展提供保障。 综合来看，上市为期货公司带来资金、品牌和治理规范等多方面的优势，并进一步助力其业务布局呈现多元化、全球化拓 展特征。 安粮期货常务副总经理、董事会秘书余萍向《证券日报 ...

Core Viewpoint - Nanhua Futures Co., Ltd. is progressing towards its H-share listing on the Hong Kong Stock Exchange after passing the IPO hearing, with Citic Securities as the sole sponsor [2][3]. Company Overview - Nanhua Futures, established in 1996, has a registered capital of 610 million RMB and is primarily owned by Hengdian Group Holding Co., Ltd. with a 69.68% stake [3]. - The company is recognized as a leading futures firm in China, ranking eighth among all futures companies by total revenue in 2024, and first among non-financial related futures companies [2][3]. Financial Performance - The operating revenues for Nanhua Futures from 2022 to 2025 (first half) are as follows: approximately 954 million RMB in 2022, 1.29 billion RMB in 2023, 1.35 billion RMB in 2024, and 593 million RMB in the first half of 2025 [4][5]. - The net profits for the same periods are approximately 246 million RMB in 2022, 403 million RMB in 2023, 458 million RMB in 2024, and 231 million RMB in the first half of 2025 [4][5]. Revenue Breakdown - The revenue from domestic futures brokerage for 2022, 2023, 2024, and the first half of 2025 is 536 million RMB, 571 million RMB, 494 million RMB, and 190 million RMB, respectively, showing a declining trend in operating profit margins [5][6]. - Conversely, revenue from overseas financial services has shown a steady increase, with figures of 231 million RMB in 2022, 567 million RMB in 2023, 654 million RMB in 2024, and 327 million RMB in the first half of 2025, along with high operating profit margins [6]. Future Plans - Nanhua Futures plans to issue up to 12.38 million shares for its overseas listing, with the proceeds aimed at strengthening the capital base of its subsidiaries in Hong Kong, the UK, the US, and Singapore [3].

Core Viewpoint - Nanhua Futures Co., Ltd. is preparing for an IPO on the Hong Kong Stock Exchange, having submitted its prospectus after hearing, with a total market capitalization of approximately RMB 11.5 billion as of December 2, 2025 [1][2]. Company Overview - Nanhua Futures, established in 1996, is a leading futures company in China, providing a range of financial services including domestic futures brokerage, risk management, wealth management, and overseas financial services [2]. - The company was the first futures company to be listed on the A-share market in China on August 30, 2019 [1]. Business Performance - As of June 30, 2025, Nanhua Futures had 5,279 corporate clients and 1,872 financial institution clients in its domestic futures brokerage business, showing growth rates of 3.7% and 5.8% respectively [3]. - The total client equity in the domestic futures brokerage business reached RMB 31.6 billion, a 65.4% increase from December 31, 2022 [3]. - The company's overseas futures, securities, and leveraged foreign exchange brokerage services had client equity totaling approximately HKD 17.8 billion as of June 30, 2025 [3]. Financial Highlights - Nanhua Futures reported operating revenues of RMB 9.54 billion, RMB 12.93 billion, and RMB 13.55 billion for the years 2022, 2023, and 2024 respectively, with net profits of RMB 2.46 billion, RMB 4.03 billion, and RMB 4.58 billion [13]. - For the first half of 2025, the company recorded operating revenue of RMB 593.1 million [14]. - The net interest income for 2024 was RMB 681.8 million, while the net investment income was RMB 70.3 million [14]. Market Position - In 2024, Nanhua Futures ranked 8th among all futures companies in China by total revenue and 1st among non-financial institution-related futures companies [2]. - The company also ranked 1st in overseas income among all futures companies in China for the same year [5]. Shareholder Structure - Prior to its listing in Hong Kong, Nanhua Futures was primarily controlled by Hengdian Holdings, which held approximately 76.97% of the shares [9]. Management Team - The board of directors consists of 9 members, including 1 executive director and 5 non-executive directors, with a mix of experienced professionals from Hengdian Holdings [11][12].

南华期货（603093）表示，11月份俄罗斯因炼厂恢复，高硫燃料油出口开始增量，目前俄罗斯的出口流 向开始向沙特和埃及倾斜，伊朗出口增加，主要流向阿联酋，目前供应紧张格局有所缓解，在需求方 面，船用油需求中规中矩，但发电需求延续弱势，用料需求有所提振，过剩的货物最终涌向新加坡和中 国，短期高硫裂解依然看跌。 西南期货分析称，亚洲燃料油现货贴水加深，利多燃料油价格。美国28点新计划推进速度较低，利多燃 料油价格。策略方面，燃料油主力合约暂时观望。 12月3日，国内期市能化板块多数飘绿。其中，燃料油期货主力合约开盘报2462.00元/吨，今日盘中低 位震荡运行；截至午间收盘，燃料油主力最高触及2477.00元，下方探低2394.00元，跌幅达2.07%。 目前来看，燃料油行情呈现震荡下行走势，盘面表现偏弱。对于燃料油后市行情将如何运行，相关机构 观点汇总如下： 光大期货指出，东西方套利窗口关闭预计将减少12月抵达至新加坡的低硫套利船货流入量，但目前新加 坡周边的含硫0.5%船用燃料油调油原料组分库存充足；且来自东南亚地区的低硫燃料油资源流入量也 在增加，新加坡地区将继续保持充足的库存。而由于来自中东的常规高硫船货 ...

Core Viewpoint - Nanhua Futures (603093) has passed the listing hearing on the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor, indicating its growth as a comprehensive global financial services platform [1] Group 1: Company Overview - Nanhua Futures has developed into a comprehensive global financial services platform, offering services that include domestic futures brokerage, risk management, wealth management, and overseas financial services [1] - The company has actively implemented an internationalization strategy since 2006, establishing a network of overseas branches in major global financial centers to provide around-the-clock cross-market trading services across Asia, North America, and Europe [1] Group 2: Market Position - According to a report by Frost & Sullivan, Nanhua Futures ranks eighth among all futures companies in China by total revenue in 2024 and ranks first among all non-financial institution-related futures companies [1] Group 3: Client Growth - The number of registered corporate clients in the domestic futures brokerage business increased from 4,266 at the end of 2022 to 5,089 by the end of 2024 [1] - The number of registered financial institution clients grew from 1,140 at the end of 2022 to 1,770 by the end of 2024 [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603093 证券简称：南华期货 公告编号：2025-070 南华期货股份有限公司 关于刊发H股发行聆讯后资料集的公告 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。 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"香港联合交易所"）主板上市（以下简称"本次发行上市"）的相关工作。 中文： https://www1.hkexnews.hk/app/sehk/2025/107833/documents/sehk25120202010_c.pdf 英文： https://www1.hkexnews.hk/app/sehk/2025/107833/documents/sehk25120202011.pdf 需要特别予以说明的是，本公告仅为境内投资者及时了解公司相关信息而作出。本公告以及本公司刊登 于香港联合交易所网站的聆讯后资料集均不构成也不得视作对任何个人或实体收购、购买或认购公司任 何证券的要约或要约邀 ...

Core Viewpoint - Nanhua Futures (603093.SH) is undergoing a listing hearing on the Hong Kong Stock Exchange, with Citic Securities as the sole sponsor [1]. Company Overview - Nanhua Futures is a leading futures company in China, ranked eighth among all futures companies in terms of total revenue for 2024, and first among non-financial related futures companies [4]. - Established in 1996 and headquartered in Hangzhou, China, the company has evolved from a domestic futures brokerage to a comprehensive global financial services platform [4]. - The company offers a wide range of services including domestic futures brokerage, risk management, wealth management, and overseas financial services, covering the entire value chain of futures and derivatives [5]. Business Strategy - Since 2006, Nanhua Futures has been one of the first domestic futures companies to actively implement internationalization strategies, establishing a network of overseas branches in major financial centers [4]. - The company has successfully integrated its domestic and overseas platforms, reducing the impact of any single market on its operations [4]. Client Growth - The number of registered corporate clients in Nanhua Futures' domestic futures brokerage business increased from 4,266 as of December 31, 2022, to 4,672 as of December 31, 2023, representing a growth of 9.5% [5][6]. - The number of registered financial institution clients grew from 1,140 to 1,488 during the same period, marking a 30.5% increase [6]. Financial Performance - For the fiscal years 2022, 2023, and 2024, Nanhua Futures reported operating revenues of approximately RMB 954 million, RMB 1.293 billion, and RMB 1.355 billion, respectively [7]. - The net profit for the same years was approximately RMB 246 million, RMB 403 million, and RMB 458 million [7]. - The company's client equity in its domestic futures brokerage business reached RMB 31.6 billion as of December 31, 2024, a 65.4% increase from December 31, 2022 [6].

智通财经APP获悉，据港交所12月2日披露，南华期货股份有限公司(简称：南华期货(603093.SH))通过港交所主板上市 聆讯，中信证券为独家保荐人。 招股书显示，南华期货是中国领先的期货公司，为客户提供全球金融服务。根据弗若斯特沙利文报告，公司按2024年 的总收入计在中国所有期货公司中排名第八，按2024年总收入计在所有非金融机构相关期货公司中排名第一。公司的 主要重点乃于中国境内及国际市场提供期货及衍生品服务。 南华期货于1996年成立，总部位于中国杭州，多年来致力于业务发展、技术应用、专业服务提供及内部控制强化方 面。公司作为一家中国内地期货经纪服务提供商起步，已发展成为一个综合性的全球金融服务平台，公司的产品服务 包括中国境内期货经纪、中国境内风险管理服务、中国境内财富管理以及境外金融服务，涵盖了期货及衍生品的价值 链。 自2006年以来，公司一直是积极落实国际化策略的中国内地首批期货公司之一。凭借公司在主要金融中心的境外分支 机构网络，公司的服务范围遍及亚洲、北美及欧洲，提供全天候的跨市场交易服务。通过整合公司在中国内地及境外 的平台，公司成功降低了任何单一市场对公司业务运营的影响。 南华期货维 ...