Nanhua Futures(SH:603093) 智通财经网·2025-12-11 22:31Core Viewpoint - Nanhua Futures Co., Ltd. plans to conduct a global offering of 108 million H-shares, with an expected price range of HKD 12-16 per share, aiming to raise approximately HKD 14.1 billion in net proceeds assuming a median price of HKD 14.00 [1][2] Group 1: Offering Details - The global offering will consist of approximately 10% for public sale in Hong Kong and 90% for international sale, with an additional 15% over-allotment option [1] - The shares are expected to commence trading on the Hong Kong Stock Exchange on December 22, 2025 [1] Group 2: Use of Proceeds - Approximately 30% of the net proceeds will be allocated to enhance the capital base for operations in Hong Kong and East Asia, including establishing a subsidiary in Malaysia [2] - Another 30% will be used to strengthen the capital base for operations in the UK and Europe, focusing on futures brokerage and clearing services [2] - About 20% will be directed towards increasing the capital base for operations in the US, aimed at expanding the customer base and establishing a local marketing network [2] - 10% will be allocated for operations in Singapore and Southeast Asia, primarily for futures brokerage, clearing services, and asset management [2] - The remaining 10% will be used for general corporate purposes and to supplement working capital for overseas operations [2] Group 3: Financial Performance - The company's annual profit increased significantly from RMB 246 million in 2022 to RMB 458 million in 2024, with a compound annual growth rate (CAGR) of 36.5% [3] - Total assets grew from RMB 34.189 billion at the end of 2022 to RMB 48.863 billion by the end of 2024, reflecting a CAGR of 19.5% [3] - The weighted average return on equity improved steadily, recorded at 7.75%, 11.46%, and 11.71% for the years 2022, 2023, and 2024, respectively [3]