证券代码：001236 证券简称： 公告编号：2025-061 苏豪弘业期货股份有限公司 关于控股股东之一致行动人拟减持公司股份 的预披露公告 2、股东股份来源：公司首次公开发行股票并上市前持有的股份。 3、减持股份数量及比例：苏豪弘业拟以集中竞价方式减持不超过 3,500,000 股， 不超过弘业期货总股本的 0.3473%；苏豪汇鸿拟以集中竞价方式减持不超过 6,577,700 股，不超过弘业期货总股本的 0.6527%。两家股东合计以集中竞价方式减持不超过 10,077,700 股，不超过弘业期货总股本的 1%（若减持期间公司实施送股、 资本公积金 转增股本、 配股等股权变动事项， 该股份数量、 持股比例将相应进行调整。） 二、本次减持计划的主要内容 （一）本次减持的具体安排 特别提示： 截至本公告披露日，苏豪弘业期货股份有限公司（以下简称"公司"、"本公司"） 控股股东江苏省苏豪控股集团有限公司（以下简称"苏豪控股"）之一致行动人苏豪弘 业股份有限公司（以下简称"苏豪弘业"）及江苏苏豪汇鸿集团股份有限公司（以下简 称"苏豪汇鸿"）分别持有公司股份 147,900,000 股及 57,984,334 股 ...

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 全部或任何部份內容而產生或因倚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 務 ) ( 「 本 公 司 」 ) （股 份 代 號：3678） 海外監管公告 蘇豪弘業期貨股份有限公司 關於控股股東之一致行動人擬減持公司股份的預披露公告 本公告乃本公司根據香港聯合交易所有限公司證券上市規則第13.10B條而作 出。 茲 載 列 本 公 司 於 深 圳 證 券 交 易 所 網 站 刊 發 之《蘇 豪 弘 業 期 貨 股 份 有 限 公 司 關 於 控 股 股 東 之 一 致 行 動 人 擬 減 持 公 司 股 份 的 預 披 ...

Report Summary 1. Industry Investment Rating No industry investment rating is provided in the report. 2. Core View The fundamentals of steel products have limited contradictions, and steel prices will fluctuate in the short term. The profitability of steel mills has improved, iron - water production has slightly increased, and the production of rebar has continued to rise. However, demand is weak in the off - season. The demand for hot - rolled coils has rebounded, but its sustainability is questionable, and exports are expected to face pressure. The inventory of steel products is being depleted, but there is still pressure on hot - rolled coil inventory. [4][5] 3. Summary by Related Catalogs 3.1 Production and Supply - **Production Capacity Utilization**: The blast furnace operating rate is 78.32%, a week - on - week decrease of 0.15%; the blast furnace capacity utilization rate is 84.94%, a week - on - week increase of 0.01%. The electric furnace operating rate is 67.63%, a week - on - week decrease of 1.6%; the electric furnace capacity utilization rate is 53.22%, a week - on - week decrease of 1.12%. [5] - **Output**: The output of rebar and hot - rolled coils has increased. The weekly output of rebar from major national steel mills is 184.39 million tons (+2.71), and the weekly output of hot - rolled coils is 293.54 million tons (+1.63). The iron - water output is 2.2658 billion tons, a week - on - week increase of 0.03 million tons. [5] 3.2 Demand - **Rebar**: The demand for rebar is seasonally weak. The apparent demand for rebar last week was 202.68 million tons (-5.96). As of December 26, the weekly average trading volume of rebar was 9.49 million tons. [5][49] - **Hot - Rolled Coils**: The demand for hot - rolled coils has rebounded. The apparent demand for hot - rolled coils was 307.04 million tons (+8.76). As of December 26, the weekly average trading volume of hot - rolled coils was 3.05 million tons, and the downstream cold - rolled output was 86.48 million tons, a week - on - week increase of 0.39 million tons. [5][53] 3.3 Inventory - **Rebar**: The total inventory of rebar is 434.25 million tons (-18.29), the social inventory is 294.19 million tons (-18.81), and the steel mill inventory is 140.06 million tons (+0.52). [5] - **Hot - Rolled Coils**: The total inventory of hot - rolled coils is 377.22 million tons (-13.5), the social inventory is 296.7 million tons (-10.6), and the steel mill inventory is 80.52 million tons (-2.9). The inventory decline has increased, but it is still at a high level. [5] - **Overall**: The inventory of major steel products is being depleted. As of December 26, the billet inventory in Tangshan is 69.4 million tons, a week - on - week decrease of 4.35 million tons, and the inventory of major steel products is 8.7279 billion tons, a week - on - week decrease of 33.9 million tons. [56] 3.4 Price - **Spot Price**: As of December 26, the average price of rebar in major national cities is 3316 yuan/ton, a week - on - week decrease of 9 yuan/ton; the average price of hot - rolled coils in the country is 3288 yuan/ton, a week - on - week decrease of 8 yuan/ton. [9] - **Basis**: The basis has shrunk. The basis of the rebar main contract is 172 yuan/ton (-9), and the basis of the hot - rolled coil main contract is - 13 yuan/ton (-14). [5] 3.5 Other Market Information - **Steel Exports**: In November, steel exports were 9.98 million tons, a month - on - month increase of 197,800 tons; from January to November, the cumulative steel export volume was 107.7 million tons, a cumulative year - on - year increase of 6.7%. In November, hot - rolled coil exports were 1.8303 million tons. [66] - **Automobile Market**: In November, automobile production was 3.532 million vehicles, a month - on - month increase of 173,300 vehicles; automobile sales were 3.429 million tons, a month - on - month increase of 106,900 tons. In November, new - energy vehicle production was 1.88 million vehicles, a month - on - month increase of 108,000 vehicles; new - energy vehicle sales were 1.823 million tons, a month - on - month increase of 108,000 tons. [70] - **Real Estate Market**: From January to November, real estate investment decreased by 15.9% year - on - year, the cumulative year - on - year decrease in the newly started area of houses was 20.5%, the cumulative year - on - year decrease in the completed area of houses was 18%, the year - on - year decrease in the sales area of commercial housing was 7.8%, the year - on - year decrease in the sales amount of commercial housing was 11.1%, and the year - on - year decrease in the available funds was 11.9%. [73]

Market View Coking Coal - Supply: The operating rate of 523 sample mines was 84.21% (-2.41%), and the daily average output of clean coal was 73.76 tons (-1.79). The capacity utilization rate of 314 coal washing plants was 36.32% (-1.36%), and the daily output of clean coal was 26.59 tons (-0.7). At the end of the year, the import of Mongolian coal increased significantly, and the overall supply pressure remained [3]. - Demand: The daily output of molten iron from 247 steel mills was 226.58 tons (+0.03), the blast furnace operating rate was 78.32% (-0.15%), the available days of coking coal in steel mills were 12.96 days (-0.06), and the available days of coking coal in 230 independent coking plants were 13.49 days (+0.06). Downstream demand was mainly for rigid procurement [3]. - Inventory: The clean coal inventory of 523 sample mines was 282.9 tons (+10.13), the inventory of all - sample independent coking plants was 1039.72 tons (+3.43), the steel mill inventory was 806.72 tons (+1.73), the clean coal inventory of 314 sample coal washing plants was 329 tons (+1.72), and the inventory of major ports was 299.5 tons (+13.33). Procurement sentiment weakened [3]. - Summary: Last week, the supply of the coking coal market declined slightly and remained at a low level, and the procurement sentiment in the off - season of demand was weak. The import pressure of Mongolian coal will decrease in the new year, and the supply pressure will be alleviated. With the increasing expectation of winter storage replenishment, the market will remain volatile [3]. Coke - Supply: The average profit per ton of coke in coking plants was - 18 yuan/ton (-34), the capacity utilization rate of all - sample independent coking plants was 71.66% (-0.39%), the daily output of all - sample independent coking plants was 62.67 tons (-0.33), and the daily output of coke from 247 steel mills was 46.9 tons (+0.31). The overall supply changed little [4]. - Demand: The daily output of molten iron from 247 steel mills was 226.58 tons (+0.03), the blast furnace operating rate was 78.32% (-0.15), and the available days of coke in 247 steel mills were 12.01 days (+0.29). The rigid demand for coke weakened [4]. - Inventory: The inventory of all - sample independent coking plants was 92.24 tons (+1.14), the inventory of major ports was 178.2 tons (+2.55), and the inventory of 247 steel mills was 642.2 tons (+8.47). The overall social inventory of coke increased [4]. - Summary: The supply of coke changed little. The demand structure was weak, and there was a strong expectation of price cuts for coke spot. However, with the increasing expectation of steel mill resumption in January and the support of winter storage replenishment, the futures market is expected to remain volatile at a low level [4]. Macro Real Estate Tracking - The report presents data on national fixed - asset investment cumulative year - on - year, new construction, construction, completion, and sales area of national real estate cumulative year - on - year, weekly commercial housing transaction area in 30 large - and medium - sized cities, steel industry PMI, and manufacturing PMI, but no in - depth analysis is provided [6][10][14][18] Coking Coal Supply and Demand Tracking - The report shows data on coking coal procurement prices, spot price comparison, price difference tracking, production, operating rate, inventory, and Mongolian coal customs clearance in relevant regions, but no in - depth analysis is provided [21][26][31] Coke Supply and Demand Tracking - The report shows data on coke ex - factory prices, price adjustment schedules, spot price comparison, price difference tracking, profit, production, capacity utilization rate, inventory, and inventory available days, but no in - depth analysis is provided [61][63][69]

Market Overview - The Shanghai Composite Index is at 3979.82 points, above the annual line, with a change of 0.41% [1] - The total trading volume of A-shares is 11,702.17 million yuan [1] Stocks Breaking Annual Line - A total of 57 A-shares have surpassed the annual line today, with notable stocks showing significant deviation rates [1] - Stocks with the highest deviation rates include: - Nova Star Cloud (4.63%) - Dong'an Power (4.51%) - Jida Communication (4.00%) [1] Detailed Stock Performance - Nova Star Cloud: Today's change is 6.74%, with a turnover rate of 3.75%, latest price at 166.51 yuan [1] - Dong'an Power: Today's change is 10.03%, with a turnover rate of 4.97%, latest price at 13.16 yuan [1] - Jida Communication: Today's change is 4.92%, with a turnover rate of 6.55%, latest price at 9.60 yuan [1] Additional Stocks with Notable Performance - Other stocks with significant performance include: - Tuo Wei Information: Change of 4.23%, latest price at 32.00 yuan, deviation rate of 3.66% [1] - Jingke Energy: Change of 6.29%, latest price at 6.08 yuan, deviation rate of 3.51% [1] - Stocks with smaller deviation rates that have just crossed the annual line include: - Hada Technology: Change of 2.45%, latest price at 10.88 yuan, deviation rate of 2.01% [1] - Blue Sail Medical: Change of 2.38%, latest price at 5.60 yuan, deviation rate of 1.96% [1]

Core Viewpoint - 弘业期货 has shown a mixed performance in the stock market, with a year-to-date increase of 12.67% and recent fluctuations in trading volume and shareholder structure [2][3]. Group 1: Stock Performance - As of December 29, 弘业期货's stock price increased by 2.17%, reaching 10.85 yuan per share, with a total market capitalization of 10.934 billion yuan [1]. - The stock has risen 12.67% year-to-date, with a 3.24% increase over the last five trading days and a 5.14% increase over the last 20 days, while it has decreased by 1.09% over the last 60 days [2]. Group 2: Trading Activity - The company has appeared on the龙虎榜 eight times this year, with the most recent appearance on July 14, where it recorded a net buy of 24.6763 million yuan [2]. - Total buying on the龙虎榜 amounted to 184 million yuan, accounting for 14.85% of total trading volume, while total selling reached 159 million yuan, representing 12.86% of total trading volume [2]. Group 3: Financial Performance - For the period from January to September 2025, 弘业期货 reported operating revenue of 462 million yuan, a year-on-year decrease of 76.77%, and a net profit attributable to shareholders of 2.0897 million yuan, down 87.27% year-on-year [3]. Group 4: Shareholder Structure - As of September 30, 2025, the number of shareholders for 弘业期货 was 54,400, a decrease of 13.10% from the previous period [3]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 2.8647 million shares, a decrease of 3.2006 million shares from the previous period [4].

Core Viewpoint - 弘业期货 is a significant player in the futures market, with a focus on various financial services, and has recently experienced a decline in revenue and profit margins [2][7]. 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 and is controlled by the Jiangsu Provincial Government's State-owned Assets Supervision and Administration Commission [3][7]. - As of September 30, 2025, 弘业期货 reported a revenue of 462 million yuan, a year-on-year decrease of 76.77%, and a net profit attributable to shareholders of 2.09 million yuan, down 87.27% year-on-year [7]. Financial Performance - The company has a market capitalization of 10.703 billion yuan and a trading volume of 115 million yuan with a turnover rate of 1.42% [1]. - The average trading cost of the stock is 11.30 yuan, with the current stock price near a resistance level of 10.69 yuan, indicating potential for upward movement if the resistance is broken [6]. - The company has distributed a total of 44.3422 million yuan in dividends since its A-share listing [8]. Shareholder Structure - As of September 30, 2025, the number of shareholders is 54,400, a decrease of 13.10% from the previous period [7]. - Major shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, with notable reductions in their holdings [8].

Core Viewpoint - The company has approved a proposal to dispose of certain trading financial assets, allowing management to act based on market conditions within the next 12 months [1][2]. Group 1: Proposal Details - The board of directors has authorized the management to handle the disposal of stocks held in 弘业期货 (Hongye Futures), 中泰证券 (Zhongtai Securities), and 生益科技 (Shengyi Technology) [1]. - The authorization allows for the formulation and implementation of specific disposal plans, including determining transaction prices, quantities, and methods [1]. Group 2: Financial Impact - The financial assets in question are classified as "trading financial assets" and are measured at fair value, with changes recorded in the current profit and loss [2]. - Preliminary estimates indicate that the disposal will impact the 2025 profit and loss by approximately 12.698 million yuan (excluding additional taxes and income tax effects) [2]. - The investment income from this disposal, after deducting related fees and taxes, is expected to have a positive effect on the company's net profit for 2025 [2].

弘业期货 来源：市场资讯 （来源：弘业期货） ...

弘业期货（001236）(03678)发布公告，公司于2025年12月24日收到股东苏豪控股、苏豪弘业 （600128）、苏豪汇鸿（600981）、弘业物流及苏豪钟山出具的《简式权益变动报告书》及《告知 函》，股东苏豪钟山于2025年12月24日通过集中竞价方式减持公司90万股H股股份。本次权益变动后， 上述股东合计持有公司股份数量从5.1亿股减少到5.04亿股，减少了586.07万股，持股比例从50.58%下降 至50.00%，下降0.58%，权益变动后的合计持股比例触及5%的整数倍及1%的整数倍。 ...