Holly Futures(SZ:001236)2025-03-28 12:00Financial Performance - Total revenue for 2024 reached ¥2,875,785,622.98, an increase of 47.99% compared to ¥1,943,218,118.09 in 2023 [54]. - Net profit attributable to shareholders for 2024 was ¥29,826,197.50, representing a significant increase of 282.80% from ¥7,791,496.31 in 2023 [54]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥26,539,025.23, up 488.70% from ¥4,508,087.36 in 2023 [54]. - Operating cash flow net amount for 2024 was ¥2,348,081,169.59, a 245.20% increase from -¥1,617,150,871.75 in 2023 [54]. - Total assets at the end of 2024 were ¥11,699,369,620.88, a 25.62% increase from ¥9,313,077,143.89 at the end of 2023 [54]. - Total liabilities at the end of 2024 were ¥9,822,590,967.55, reflecting a 31.57% increase from ¥7,465,583,838.39 at the end of 2023 [54]. - Basic earnings per share for 2024 were ¥0.0296, an increase of 284.42% from ¥0.0077 in 2023 [54]. - The company reported a net asset to liability ratio of 749.21% at the end of 2024, up from 567.90% at the end of 2023, indicating improved financial stability [66]. Business Operations - The company has 38 futures branches, including 5 subsidiaries and 33 business departments [51]. - The company completed its IPO on August 5, 2022, with a registered capital of ¥1,007,777,778 [45]. - The company has expanded its business scope to include asset management and securities trading in Hong Kong through its subsidiaries [28]. - The company has established multiple subsidiaries with qualifications for risk management services and market-making in various futures contracts [26][27]. - The company has maintained its main business operations without significant changes since its listing [22]. - The company has been recognized as a market maker for various futures contracts, including soybean meal and corn, since 2022 [29]. Risk Management - The company emphasizes the importance of risk management and has detailed potential risks and countermeasures in its governance section [4]. - The company aims to enhance risk management capabilities for industry chain enterprises, contributing to high-quality economic development [158]. - The company is committed to compliance management, emphasizing risk prevention and ensuring legal and regulatory operations [157]. - The company has received multiple awards for its risk management capabilities, including the "Best Risk Management Subsidiary Service Innovation Award" in 2024 [103]. Corporate Governance - The financial report has been confirmed as true, accurate, and complete by the company's management, including the board of directors and accounting personnel [4]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with relevant laws and regulations [165]. - The company emphasizes the importance of independent directors in improving internal control systems and promoting corporate governance [168]. - The company operates independently from its controlling shareholder, maintaining a complete separation in business, assets, and finances [171]. - The company has established an independent financial department and accounting system, ensuring no funds are occupied by the controlling shareholder [175]. Market Environment - The company is navigating a complex global economic environment with challenges such as geopolitical conflicts and trade protectionism impacting the futures market [68]. - In 2024, the cumulative trading volume of China's futures market was 7.729 billion contracts, a year-on-year decrease of 9.08%, while the cumulative trading value reached 61.926 trillion yuan, an increase of 8.93% [70]. - The total number of effective clients in the market exceeded 2.5 million, marking a historical high with a year-on-year growth of 13%, and the total funds reached approximately 1.63 trillion yuan, up 8.3% year-on-year [70]. Strategic Initiatives - The company aims to optimize the futures industry ecosystem and enhance its role in supporting the real economy and national strategic implementation by 2025 [74]. - The company plans to enhance its wealth management transformation process, focusing on a customer-centric service model and improving the quality of investment products [102]. - The company is committed to serving the real economy and preventing financial risks while promoting high-quality development [151]. - The company plans to leverage technology innovation and professional depth to drive high-quality development by 2025 [158]. Management and Leadership - The company has a strong leadership team with members holding advanced degrees and extensive experience in finance and management, enhancing its operational capabilities [190][191][192]. - The company is focused on expanding its market presence and enhancing its financial services through strategic leadership and management practices [193][194]. - The leadership team includes individuals with significant experience in both domestic and international markets, which is crucial for strategic decision-making [190][192]. - The company has maintained a stable management team with no significant changes in the financial department aside from the retirement of the financial officer [184]. Financial Health - The company has a strong debt repayment capability and expects low financial risk in the future due to sufficient resources to cover various financing principal and interest payments [135]. - The company reported a total of 591,305,030.59 HKD raised from its H-share IPO, equivalent to approximately 495,117,441.26 RMB after deducting fees [143]. - The company has clear ownership of assets and does not share assets with its shareholders or related parties [174]. - The company reported a significant reduction in short-term borrowings from CNY 49,782,862.9 to CNY 29,018,850.0 [124]. Customer Engagement - The company has a strong online trading platform, ensuring stable operations and customer loyalty, with three independent data centers supporting its services [85]. - The company has implemented a 7×24 hours online intelligent customer service system to enhance customer satisfaction [156]. - The company has a strong customer service capability, providing comprehensive support through various channels, including a dedicated research team for value-added information [86]. Awards and Recognition - The company has received multiple honors, including the 2023 Jiangsu Corporate Social Responsibility Model and the 2023 Growth Breakthrough Award from the China Financial Futures Exchange [90].