Xin Lang Cai Jing·2025-09-09 07:33Core Viewpoint - 弘业期货 is experiencing a decline in stock price and trading volume, indicating potential challenges in the market environment [1][4]. 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 State-owned Assets Supervision and Administration Commission [3][7]. - As of June 30, 2025, 弘业期货 reported a revenue of 0.00 yuan and a net profit of -3.61 million yuan, a year-on-year decrease of 128.17% [7]. Financial Performance - The company has a market capitalization of 11.81 billion yuan and a trading volume of 134 million yuan with a turnover rate of 1.50% [1]. - The main business revenue composition includes 89.16% from bulk commodity trading and risk management, and 10.84% from futures brokerage and asset management [7]. - Cumulative cash distribution since A-share listing amounts to 44.34 million yuan [8]. Shareholder Structure - As of June 30, 2025, the number of shareholders increased by 43.72% to 62,600, with an average of 0 shares per person [7]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, with notable increases in their holdings [8]. Market Activity - The stock has seen a net outflow of 15.19 million yuan today, with a lack of clear trends in major funds [4][5]. - The average trading cost of the stock is 12.77 yuan, with the current price approaching a resistance level of 11.78 yuan, indicating potential for a price correction if this level is not surpassed [6].