Core Viewpoint - 弘业期货 experienced a significant increase of 3.38% on July 11, with a trading volume turnover rate reaching 20%, indicating strong market interest and activity [1] Group 1: Trading Activity - The top five buying entities collectively purchased 172 million yuan, while the top five selling entities sold 145 million yuan, resulting in a net buying amount of 26.31 million yuan [1] - The largest buyer, 深股通专用, bought 93.40 million yuan and sold 49.89 million yuan, achieving a net purchase of 43.51 million yuan [2] - Other notable buyers included 国金证券股份有限公司深圳分公司 and 东方财富证券股份有限公司拉萨团结路第一证券营业部, with net purchases of 2.61 million yuan and a net sale of 0.11 million yuan respectively [2] Group 2: Selling Activity - The largest selling entity, 深股通专用, had a net purchase of 43.51 million yuan, while the institution-specific accounts showed significant net sales, with one account selling 11.40 million yuan [2] - 东方财富证券股份有限公司拉萨金融城南环路证券营业部 also recorded a net sale of 2.96 million yuan, indicating a trend of profit-taking among certain investors [2]

[Earnings Forecast](index=1&type=section&id=%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A) [Key Financial Metrics Forecast](index=1&type=section&id=%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company forecasts a significant net loss for the first half of 2025, a sharp decline from a profit in the prior year 2025 H1 Earnings Forecast | Item | Current Period (Jan 1 - Jun 30, 2025) | Prior Year Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | **Loss: RMB 4.5 million - 2.5 million** | Profit: RMB 12.80 million | | YoY Change | Decrease: 135.15% - 119.53% | - | | **Net Profit after Non-recurring Items** | **Loss: RMB 5.0 million - 2.8 million** | Profit: RMB 10.74 million | | YoY Change | Decrease: 146.54% - 126.06% | - | | **Basic Earnings Per Share (EPS)** | **Loss: RMB 0.0045/share - 0.0025/share** | Profit: RMB 0.0127/share | [Reasons for Performance Change and Future Outlook](index=1&type=section&id=%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) Performance decline is attributed to external market factors, and the company is in a key transformation phase to improve profitability - The net profit loss is primarily attributed to external factors such as **market interest rates and industry competition**, which led to a year-over-year decrease in net interest income and net fee and commission income[4](index=4&type=chunk) - The company is in a **critical period of transformation and development**, focusing on operational breakthroughs, deepening reforms, and strengthening compliance to enhance performance and profitability[4](index=4&type=chunk) [Other Information](index=1&type=section&id=%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E) [Audit Status and Risk Warning](index=1&type=section&id=%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E%E4%BA%8B%E9%A1%B9) The forecast is unaudited, and investors are advised to consult the final semi-annual report while being mindful of investment risks - The financial data in this earnings forecast is **unaudited**, though the company has communicated with its accounting firm on related matters without material disagreements[3](index=3&type=chunk) - Investors are reminded that this forecast is a preliminary estimate, and **final data will be disclosed in the 2025 semi-annual report**, urging cautious decision-making and attention to investment risks[5](index=5&type=chunk) - The company's designated information disclosure media are China Securities Journal, Shanghai Securities News, Securities Daily, Securities Times, and CNINFO (www.cninfo.com.cn)[5](index=5&type=chunk)

Company Overview - Hongye Futures closed at 14.68 yuan, up 3.38%, with a rolling PE ratio of 333.98 times and a total market value of 14.794 billion yuan [1] - The company ranks 20th in the multi-financial industry, which has an average PE ratio of 46.80 times and a median of 33.07 times [1] Shareholder Information - As of January 10, 2025, Hongye Futures has 40,409 shareholders, a decrease of 517 from the previous count, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] Business Operations - Hongye Futures specializes in commodity futures brokerage, financial futures brokerage, futures investment consulting, asset management, and fund sales [1] - The company has received awards for its performance, including a second prize for the rubber project from the Shanghai Futures Exchange and a third prize for increasing options trading volume [1] Financial Performance - In the first quarter of 2025, the company reported an operating income of 643 million yuan, a year-on-year increase of 259.09%, and a net profit of 1.2032 million yuan, up 109.07% year-on-year [1]

Group 1 - The core viewpoint of the articles highlights the financial performance and market position of Hongye Futures, which has a high PE ratio compared to its industry peers [1][2] - As of July 10, Hongye Futures closed at 14.2 yuan, down 3.27%, with a rolling PE ratio of 323.06 times and a total market value of 14.31 billion yuan [1] - The average PE ratio for the multi-financial industry is 44.85 times, with a median of 31.14 times, placing Hongye Futures at the 20th position in the industry ranking [1][2] Group 2 - On July 10, Hongye Futures experienced a net outflow of 39.36 million yuan in main funds, with a total outflow of 110.35 million yuan over the past five days [1] - The main business of Hongye Futures includes commodity futures brokerage, financial futures brokerage, futures investment consulting, asset management, and fund sales [1] - The latest quarterly report for Q1 2025 shows that the company achieved an operating income of 643 million yuan, a year-on-year increase of 259.09%, and a net profit of 1.20 million yuan, up 109.07% year-on-year [1]

Group 1 - The A-share financial sector has seen a significant rally, with notable increases in stocks such as Nanhua Futures, which has achieved two consecutive trading limits [1] - Other companies that experienced gains include Yuexiu Capital, China National Petroleum Capital, Hongye Futures, Bohai Leasing, and Shaanxi Guotou A [1]

Core Viewpoint - The news highlights the active performance of stocks related to stablecoins in Hong Kong and A-shares, driven by the recent legislative developments regarding stablecoins in Hong Kong and the growing global interest in the stablecoin market [1][4][5]. Group 1: Stock Performance - Stocks related to stablecoins have shown significant gains, with notable performers including Zhongyi Technology, which reached a 20% increase, and Huafeng Super Fiber, which rose over 13% [1][2]. - Other companies such as Jingbeifang, Qingdao King, and Xinyada also hit their daily limit up, indicating strong market sentiment [1][2]. Group 2: Legislative Developments - Hong Kong's Legislative Council passed the Stablecoin Ordinance, which will take effect in August, igniting market enthusiasm for stablecoins [4]. - The Financial Secretary of Hong Kong announced that the Monetary Authority is consulting the market on the implementation guidelines, which will include anti-money laundering requirements [4]. Group 3: Market Predictions - Standard Chartered predicts that the market size for stablecoins could reach $2 trillion by 2028, while Bernstein forecasts a supply increase to approximately $4 trillion over the next decade [6][7]. - However, JPMorgan expresses skepticism about the mainstream adoption of stablecoins, projecting a market value growth to only $500 billion by 2028 [8][9]. Group 4: Investment Opportunities - Investment focus should be on issuers, cross-border payment providers, and financial IT service companies, with a particular emphasis on those that can obtain licenses for stablecoin issuance [10][11]. - The stablecoin industry is still in its early stages, and companies with expertise in traditional banking IT and those involved in the digital RMB system are well-positioned to leverage this transition [12]. Group 5: Related Companies - Key players in the stablecoin ecosystem include issuers like Circle and Tether, as well as technology service providers such as Lakala and Xinguang [13].

Group 1 - Hong Kong brokerage stocks experienced significant upward movement, with Guotai Junan International (01788.HK) rising over 15% [1] - China Everbright Holdings (00165.HK) saw an increase of more than 5% [1] - Other companies such as Hongye Futures (03678.HK) and Guolian Minsheng (01456.HK) also experienced notable gains [1]

Core Viewpoint - The company, Hongye Futures, reports that its operational status is normal and there have been no significant changes in the internal and external business environment [1] Group 1 - The company's stock experienced a cumulative price drop of over 20% across three consecutive trading days from July 1 to July 3, 2025, indicating abnormal trading fluctuations [1] - The company has confirmed that there are no undisclosed significant matters that could impact its stock price, and no major issues are currently in the planning stage [1] - The company has not identified any recent media reports that could have significantly affected its stock trading price [1]

证券代码：001236 证券简称： 公告编号：2025-035 苏豪弘业期货股份有限公司（以下简称"本公司"或"公司"）的股票（证券简称： 弘业期货，证券代码：001236）于2025年7月1日、2025年7月2日和2025年7月3日连续3个 交易日收盘价格跌幅偏离值累计超过20%，根据《深圳证券交易所交易规则》的有关规定 ，属于股票交易异常波动情况。 针对公司股票异常波动，公司董事会采用电话和书面方式对公司、控股股东和实际 控制人就有关事项进行了核实，有关情况说明如下： 1.公司前期披露的信息不存在需要补充、更正之处。 2.公司未发现近期公共媒体报道了可能或已经对公司股票交易价格产生较大影响的 未公开重大信息。 3.截至目前公司经营情况正常，内外部经营环境未发生重大变化。 4.公司、控股股东、实际控制人不存在关于本公司应披露而未披露的重大事项，也 不存在处于筹划阶段的重大事项。 1 5.经公司自查，公司控股股东及实际控制人在公司股票交易异常波动期间未买卖公 司股票。 本公司董事会确认，公司目前没有任何根据《深圳证券交易所股票上市规则》等有 关规定应予以披露而未披露的事项或与该事项有关的筹划、商谈、意向、协议 ...

截至月份: 2025年6月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 蘇豪弘業期貨股份有限公司 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 FF301 呈交日期: 2025年7月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03678 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 249,700,000 | RMB | | 1 | RMB | | 249,700,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | | | 本月底結存 | | | 249,700,000 | RMB | | | 1 RMB | | 249,700,000 | | 2. 股份 ...