“A+H”南华期货股份启动招股，拟12月22日上市，一手认购金额8080.68港元

Core Viewpoint - Nanhua Futures Co., Ltd. is set to launch a global offering of approximately 108 million shares from December 12 to December 17, with an expected listing date of December 22 [1] Company Overview - Nanhua Futures was established in 1996 and is headquartered in Hangzhou, China. It successfully listed on the Shanghai Stock Exchange in August 2019. According to a Frost & Sullivan report, the company ranks eighth among all futures companies in China by total revenue for 2024 and first among non-financial related futures companies [2] - The company focuses on providing futures and derivatives services in both domestic and international markets, offering customized risk management services to industrial clients, financial institutions, and individual investors [2] Financial Overview - The annual profit of Nanhua Futures is projected to grow from RMB 246 million in 2022 to RMB 458 million in 2024, representing a compound annual growth rate (CAGR) of 36.5%. The interim profit for the six months ending June 30, 2024, is expected to be RMB 231 million [3] - Key financial figures include: - Commission and fee income: RMB 498 million in 2022, projected to be RMB 542 million in 2024 - Net interest income: RMB 327 million in 2022, projected to be RMB 682 million in 2024 - Operating income: RMB 954 million in 2022, projected to be RMB 1.355 billion in 2024 - Operating profit: RMB 296 million in 2022, projected to be RMB 519 million in 2024 [4] Fundraising Purpose - The net proceeds from the global offering are expected to be approximately HKD 1.41 billion, assuming the over-allotment option is not exercised. The funds will be allocated as follows: - Approximately 30% for expanding operations in Hong Kong and establishing a subsidiary in Malaysia - Approximately 30% for enhancing operations in the UK and Europe - Approximately 20% for increasing operations in the US - Approximately 10% for expanding operations in Singapore and Southeast Asia - Approximately 10% for general corporate purposes and supplementing working capital for overseas operations [5]