Ge Long Hui A P P·2025-08-20 08:05Core Viewpoint - The report from Dongwu Securities highlights that Ruida Futures achieved a net profit of 230 million yuan in the first half of the year, representing a year-on-year increase of 66.5%, with a significant rise in Q2 net profit to 150 million yuan, up 128% year-on-year, showing a marked improvement from Q1's 12% growth [1] Financial Performance - The main business segments of Ruida Futures showed positive profitability, with asset management and risk management businesses performing particularly well [1] - The futures brokerage business experienced active market trading, maintaining a stable business foundation [1] Client Metrics - As of the end of the period, the client margin scale reached 14.325 billion yuan, an increase of 15.6% from the beginning of the year, with institutional clients accounting for 70.4% of this total [1] Asset Management - The company has been focusing on CTA strategy products and actively developing "fixed income +" and other mixed products, achieving excellent investment performance [1] - By the end of June, the asset management equity scale was 3.201 billion yuan, reflecting a growth of 36.5% since the beginning of the year [1] Fund Management - As of mid-2025, Ruida Fund manages three fund products with a total scale of 89.19 million yuan, which is a decrease of 8.2% from the beginning of the year [1] Market Outlook - The company is expected to see continued rapid development in its overseas business against the backdrop of ongoing domestic financial market opening and accelerated internationalization of the futures market [1] - The report maintains a "buy" rating for the company [1]