Nanhua Futures(SH:603093) 智通财经网·2025-12-02 12:37Core Viewpoint - Nanhua Futures Co., Ltd. is set to list on the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor, highlighting its growth and strategic internationalization efforts in the financial services sector [1]. Company Overview - Nanhua Futures is a leading futures company in China, ranked eighth among all futures companies by total revenue in 2024, and first among non-financial institution-related futures companies [5]. - Established in 1996 and headquartered in Hangzhou, China, the company has evolved from a domestic futures brokerage to a comprehensive global financial services platform [5]. - The company offers a wide range of services, including domestic futures brokerage, risk management, wealth management, and overseas financial services, covering the entire value chain of futures and derivatives [6]. Business Growth - Nanhua Futures has maintained a diversified business layout, covering major value chains in the futures and derivatives markets, with a product portfolio that includes various asset classes such as commodities, stocks, and fixed-income securities [6]. - The number of registered corporate clients in its domestic futures brokerage business increased from 4,266 as of December 31, 2022, to 4,672 as of December 31, 2023, representing a year-on-year growth of 9.5% [6]. - The number of registered financial institution clients grew from 1,140 as of December 22, 2022, to 1,488 as of December 31, 2023, a year-on-year increase of 30.5% [8]. Financial Performance - For the fiscal years 2022, 2023, and 2024, Nanhua Futures reported operating revenues of approximately RMB 954 million, RMB 1.293 billion, and RMB 1.355 billion, respectively [9]. - The net profit for the same periods was approximately RMB 246 million, RMB 403 million, and RMB 458 million [9]. - As of December 31, 2024, the company's client equity in its domestic futures brokerage business reached RMB 31.6 billion, a 65.4% increase from December 31, 2022 [8].