Core Viewpoint - 弘业期货 has shown significant stock performance with a 4.98% increase in share price, reaching a market capitalization of 13.796 billion yuan [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 [2] - It is a state-owned enterprise controlled by the Jiangsu Provincial Government's State-owned Assets Supervision and Administration Commission [3] Financial Performance - As of April 20, 弘业期货 reported a revenue of 0.00 yuan for the first quarter of 2025, with a net profit attributable to shareholders of 1.2032 million yuan, representing a year-on-year growth of 109.07% [7] - Cumulative cash distribution since A-share listing amounts to 44.3422 million yuan [8] Shareholder Structure - As of March 31, 2025, the top ten circulating shareholders include 南方金融主题灵活配置混合A, holding 3.526 million shares, an increase of 597,100 shares from the previous period [8] - 香港中央结算有限公司 and 南方中证1000ETF have seen reductions in their holdings [8] Market Activity - The stock has experienced a net inflow of 71.5398 million yuan today, with a total trading volume of 1.164 billion yuan and a turnover rate of 11.46% [1][4] - The average trading cost of the stock is 12.94 yuan, with current price levels between resistance at 15.63 yuan and support at 12.69 yuan, indicating potential for range trading [6]

Group 1 - The core viewpoint of the article highlights the significant increase in the stock price of Hongye Futures, which rose by 4.8% to 5.02 yuan per share, with a trading volume of 423 million yuan [1] - Hongye Futures is a comprehensive state-controlled futures company engaged in commodity and financial futures brokerage, investment consulting, asset management, and fund sales, with 38 branches nationwide and several domestic and international subsidiaries [1] - The company is listed on both the Hong Kong Stock Exchange and the Shenzhen Stock Exchange, showcasing a global business layout and strong risk management capabilities, positioning it as a leading provider of futures services in the industry [1] Group 2 - As of the first quarter of 2025, Hongye Futures reported total operating revenue of 643 million yuan and a net profit of 1.2032 million yuan [2]

（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8月28日（星 期 四）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6月30日止六個 月 之 未 經 審 核 中 期 業 績 及 其 發 佈，並 考 慮 派 發 中 期 股 息（如 有）。 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 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 ...

Group 1 - As of August 14, 2025, Hongye Futures' stock price closed at 13.04 yuan, an increase of 0.28 yuan or 2.19% from the previous trading day [1] - The stock opened at 12.59 yuan, reached a high of 13.38 yuan, and a low of 12.54 yuan, with a trading volume of 717,530 hands and a transaction value of 930 million yuan [1] - Hongye Futures operates in the diversified financial industry, covering areas such as futures brokerage, asset management, and risk management, and is registered in Jiangsu [1] Group 2 - On August 14, Hongye Futures experienced a rapid rebound, with a gain of over 2% within 5 minutes and active trading [1] - The net inflow of main funds on that day was 49.2492 million yuan, with a cumulative net inflow of 73.4571 million yuan over the past five trading days [1] - The company is also involved in the central and state-owned enterprise reform concept, making it a target for deep stock connect [1]

Core Viewpoint - Hongye Futures (03678.HK) will hold a board meeting on August 28, 2025, to review and approve the group's interim results for the six months ending June 30, 2025, and to consider the proposal for an interim dividend distribution, if any [1] Group 1 - The board meeting is scheduled for August 28, 2025 [1] - The meeting will focus on the interim results for the six months ending June 30, 2025 [1] - The proposal for an interim dividend distribution will also be reviewed [1]

Group 1 - The Shanghai Composite Index fell by 0.46%, closing at 3666.44 points, while the Hang Seng Index decreased by 0.37%, closing at 25519.32 points [1] - Hongye Futures has the highest A/H premium at 197.82%, indicating that its H-shares are relatively cheaper compared to A-shares [1][2] - Hongye Futures' A-shares closed at 13.04 yuan, with a rise of 2.19%, and its H-shares closed at 4.79 HKD, increasing by 1.91% [1] Group 2 - Hongye Futures Co., Ltd. was established in 1995 and is a state-owned enterprise fully owned by Jiangsu Provincial State-owned Assets Supervision and Administration Commission [1] - The company operates in various sectors including commodity futures brokerage, financial futures brokerage, futures investment consulting, asset management, and fund sales, with 38 branches in major financial centers across China [1] - Hongye International Finance, a wholly-owned subsidiary, focuses on overseas securities and futures trading, asset management, and investment consulting, covering major global exchanges [1] - Hongye Capital, another wholly-owned risk management subsidiary, specializes in bulk commodity trading and risk management, serving as a market maker for multiple futures varieties [1] - The company has received several honors, including "National Civilized Unit" and "China's Best Futures Company" [1]

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。 （ 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 董 事 會（「董事會」）謹 此 宣 佈，董 事 會 會 議 將 於2025年8月28日（星 期 四）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6月30日止六個 月 之 未 經 審 核 中 期 業 績 及 其 發 佈，並 考 慮 派 發 中 期 股 息（如 有）。 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8月14日 於 本 公 告 日 期，董 事 ...

Core Points - The Shanghai Composite Index rose by 0.48% to close at 3683.46 points, while the Hang Seng Index increased by 2.58% to 25613.67 points [1] - Hongye Futures has the highest A/H premium at 197.0%, indicating that its H-shares are relatively cheaper compared to A-shares [1] - Hongye Futures' A-shares closed at 12.76 yuan, down by 1.09%, and its H-shares closed at 4.7 HKD, down by 1.26% [1] Company Overview - Hongye Futures Co., Ltd. was established in 1995 and is a state-owned enterprise fully owned by Jiangsu Provincial State-owned Assets Supervision and Administration Commission [1] - The company operates in various sectors including commodity futures brokerage, financial futures brokerage, futures investment consulting, asset management, and fund sales [1] - Hongye Futures has established 38 branches in major financial centers and key cities across China, ranking among the top in the industry [1] - The company has received multiple honors, including "National Civilized Unit" and "China's Best Futures Company" [1] Subsidiaries and Services - The wholly-owned subsidiary Hongye International Finance primarily engages in overseas securities and futures trading, asset management, and investment consulting services [1] - Hongye Capital, a wholly-owned risk management subsidiary, focuses on bulk commodity trading and risk management, serving as a market maker for various futures products [1]

Core Viewpoint - 弘业期货 is a significant player in the futures market, being the first A+H share listed company in the industry, with a focus on various financial services including futures brokerage and asset management [2][7]. Company Overview - 弘业期货主要从事商品期货经纪、金融期货经纪、期货投资咨询、资产管理、基金销售和金融资产投资业务 [7]. - The company was established on July 31, 1995, and was listed on August 5, 2022 [7]. - The main revenue sources are from bulk commodity trading and risk management (89.16%) and futures brokerage and asset management (10.84%) [7]. - The company is controlled by the Jiangsu Provincial Government State-owned Assets Supervision and Administration Commission [3]. Financial Performance - As of April 20, the number of shareholders increased to 43,600, with no change in average circulating shares [7]. - For the period from January to March 2025, 弘业期货 reported zero operating income but a net profit of 1.2032 million yuan, representing a year-on-year growth of 109.07% [7]. - Cumulative cash distribution since A-share listing amounts to 44.3422 million yuan [8]. Market Activity - On August 13, 弘业期货's stock fell by 1.09%, with a trading volume of 585 million yuan and a turnover rate of 6.06%, leading to a total market capitalization of 12.859 billion yuan [1]. - The stock has seen a net outflow of 26.6825 million yuan from major investors, ranking 25th out of 27 in its industry [4][5]. - The average trading cost of the stock is 12.82 yuan, with a current support level at 12.69 yuan [6]. Shareholder Structure - As of March 31, 2025, the top ten circulating shareholders include 南方金融主题灵活配置混合A (holding 3.526 million shares) and 香港中央结算有限公司 (holding 2.1274 million shares) [8].

Group 1 - The core viewpoint of the news is that 弘业期货's stock has shown significant volatility, with a year-to-date increase of 31.26% and recent fluctuations in trading volume and price [1] - As of August 13, 弘业期货's stock price was reported at 12.64 yuan per share, with a total market capitalization of 12.738 billion yuan [1] - The company has experienced a net outflow of 6.0068 million yuan in principal funds, with large orders showing a buy-sell imbalance [1] Group 2 - 弘业期货, established on July 31, 1995, is primarily engaged in commodity futures brokerage, financial futures brokerage, investment consulting, asset management, fund sales, and financial asset investment [2] - The company's revenue composition indicates that 89.16% comes from commodity trading and risk management, while 10.84% is from futures brokerage and asset management [2] - As of April 20, the number of shareholders increased to 43,600, with no change in the average circulating shares per person [2] Group 3 - Since its A-share listing, 弘业期货 has distributed a total of 44.3422 million yuan in dividends [3] - Among the top ten circulating shareholders, 南方金融主题灵活配置混合A increased its holdings, while 香港中央结算有限公司 and 南方中证1000ETF reduced theirs [3]